Facebook Co-Founder and CEO Mark Zuckerberg is pretty smart when it comes to real estate, as well, refinancing the mortgage on his home in Palo Alto, Calif., with a 30-year adjustable-rate loan starting at 1.05 percent, according to reports.
Analysts and bank executives have said it since Facebook’s initial public offering. Now Mark Zuckerberg, the company’s co-founder and CEO, admits it. In an interview with Bloomberg, Zuckerberg said that figuring out how to make money from users accessing Facebook on mobile devices is the company’s biggest challenge right now.
Not long after General Motors pulled its $10 million advertising campaign from Facebook, the Detroit auto giant is considering connecting with the social network again, The Wall Street Journal reports.
Yahoo and Facebook are trying to put an end to a legal saga in which the web portal sued the social network for patent infringement. Yahoo claimed in March that Facebook essentially stole its social network model, which includes creating profiles and interacting with other users and businesses. Both sides were in court again Tuesday, as Yahoo asked for a two-week extension to file replies in the lawsuit.
Facebook will reportedly stop accepting orders for shares in its May 18 initial public offering after the close of business tomorrow (Tuesday, May 15).
Is demand for Facebook’s May 18 initial public offering far lower than initially expected among institutional investors, or is the IPO already oversubscribed exactly one week before hitting the market? The answer depends on what you read.