The Financial Industry Regulatory Authority capped the total payout by Nasdaq parent Nasdaq OMX Group to financial firms over the technical difficulties that plagued Facebook’s May 2012 initial public offering at $41.6 million, down from the $62 million the stock exchange initially set aside to compensate affected brokers, Reuters reported.
Facebook Co-Founder and CEO Mark Zuckerberg is making a rare appearance in Washington, D.C., this week. Zuckerberg has been raising his political profile since the company went public in May 2012, and this trip is a highly visible extension of that strategy.
If and when Facebook finally launches video ads, it will do so without Justin Shaffer, a project manager who had been helping to lead that initiative, as Shaffer’s last day at the social network will be Wednesday, The Wall Street Journal’s Digits blog reported.
Mark Zuckerberg Discusses Going Public, NSA Controversy, Home, ‘Moving Fast’ At TechCrunch Disrupt SF 2013
Facebook Co-Founder and CEO Mark Zuckerberg discussed a variety of topics with TechCrunch Founder Michael Arrington at TechCrunch Disrupt SF 2013 Wednesday, including his advice for Twitter as it prepares to go public, whether Android overlay Home is a failure, and his opinions on how the government handled the aftermath of the reports about the National Security Agency’s Prism initiative.
With Facebook’s stock price finally surging past its initial public offering tag of $38 per share and topping the $40 mark, Vice President and General Counsel Colin Stretch continued to sell off shares in the social network.
Russian Internet company and early Facebook investor Mail.ru Group sold its remaining 14.2 million shares in the social network in July and August, netting it more than $525 million, Ryan Chilcote reported on Bloomberg Television’s “The Pulse with Guy Johnson.”
With Facebook’s stock price finally surpassing its initial public offering level of $38 per share and even topping the $40 mark, the company’s top management continues to take advantage and sell off shares, with Chief Technology Officer Mike Schroepfer and Vice President and General Counsel Colin Stretch detailing their latest transactions in Form 4 filings with the Securities and Exchange Commission late Tuesday.
Facebook Co-Founder and CEO Mark Zuckerberg took the stage at last year’s TechCrunch Disrupt conference in San Francisco, where he discussed topics including the social network’s focus on mobile, brain drain at the company, its initial public offering, search, and his vision for the future. What will he do for an encore?
Facebook Chief Financial Officer David Ebersman sold 200,000 class-A shares in the company at its initial public offering price of $38 per share this past week, as well as 11,700 shares at $37.29 apiece and another 11,700 at $37.68, according to his Form 4 filing with the Securities and Exchange Commission.