Morgan Stanley Chairman and Chief Executive Officer James Gorman appeared on CNBC’s “Closing Bell with Maria Bartiromo” Thursday afternoon, reiterating that his company did nothing improper in the run-up to Facebook’s initial public offering and urging patience with the social network’s slumping stock, saying, “The story isn’t over. Again, we are at day eight here. Give this a little bit of time.”
Social enterprise software giant Buddy Media Co-Founder and Chief Executive Officer Michael Lazerow was at no loss for words this morning when it came to dissecting Facebook’s impact on advertising.
The much-ballyhooed Facebook initial public offering will open trading Friday morning at $38 per share, the top end of the range the social network filed with the Securities and Exchange Commission earlier this week, CNBC reported.
Facebook filed with the Securities and Exchange Commission Wednesday morning to add 83,818,263 shares to its Friday initial public offering, bringing the total offering to 421,233,615 shares of class-A common stock.
On the cusp of decision time, when many fund managers and investors will have to decide whether or not to partake in Facebook shares during its initial public offering (orders will reportedly cease at the end of today), a poll conducted by CNBC in conjunction with The Associated Press reveals surprising findings that may dissuade some investors.
Oh, silly Andrew Ross Sorkin, New York Times financial columnist and co-host of CNBC program “Squawk Box.” Today, on Trump Tuesday, he wanted to discuss Jamie Dimon and JP Morgan’s recent $2 billion loss. While Donald Trump entertained that topic for a bit, he soon enough got to his chosen topic: Facebook.
Facebook will increase the price range of its May 18 initial public offering Monday or Tuesday, before its order book closes Wednesday, according to Kayla Tausche, reporting on CNBC’s “Squawk on the Street” Friday morning.
The long-awaited Facebook initial public offering could go live as early as May 16, according to reports.
CNBC anchor Brian Sullivan spoke with Facebook Co-Founder Eduardo Saverin at the YPO Global Leadership Summit in Singapore today, where Saverin discussed Facebook’s potential for growth, along with plugging some of the consumer applications he is currently backing.