Yes, indeed: Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg’s initial public offering story is bringing out all the creative juices, with playwrights, singers, piano players, and all walks of performers getting into the spirit.
Nasdaq said it will set aside at least $13 million to make good for traders and investors who were affected by the stock exchange’s order-cancellation issues Friday, on the first day of Facebook’s initial public offering, but that amount may not be nearly enough to pacify those who are claiming losses.
It’s not all roses and chocolates in the land of social-networking giants, despite Facebook’s initial public offering Friday. There are some real issues to be grappled with in Facebook’s future. And while not insurmountable, the problem areas are real threats, although they have been missed by blaring headlines.
A total of 38.5 percent of the 421,233,615 Facebook shares purchased by underwriters prior to its initial public offering went to Morgan Stanley, while E*Trade, which had been touted as the best source of stock in the social network for individual investors, received only 0.05 percent of the shares, according to an amendment to Facebook’s S-1 filing with the Securities and Exchange Commission, filed after the close of trading Friday.
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.
$0.23: That was the share-price gain for perhaps the most-hyped initial public offering in history, as Facebook shares began trading a half-hour late, at 11:30 a.m. ET, at $42.05 apiece, well above the set opening price of $38, but pretty much went downhill from there.
With a soldering iron; a couple of capacitors, resistors, and relays from RadioShack; and quite a bit of dissembling and tinkering, a handful of Facebook software engineers (and friends) hacked the Nasdaq bell, earning themselves a full-fledged badge of geekiness.
Private trading platform SecondMarket had been one of the primary sources for trading stock in Facebook prior to the social network’s initial public offering, and it created a farewell message in the form of an interactive timeline depicting the history of the stock.
Now that trading of Facebook stock is under way, CNBC launched a real-time tool that updates the worth of major stake-holders in the social network, based on its stock price.
We were so proud of ourselves yesterday for posting a poll on what Facebook’s closing price would be Friday following the launch of its initial public offering Friday morning. And then programmer James Proud had to upstage us with a website dedicated to the subject.
