Steaks on grills and cabernet in wine glasses may be a little tastier in California’s San Mateo County this Fourth of July, as its average weekly wage in the fourth quarter of 2012 more than doubled compared with the previous-year period, according to a report in The Wall Street Journal’s Corporate Intelligence blog. Why? All signs point to Facebook.
Analysts are starting to chime in on Facebook’s May 18 initial public offering, and so far, the chiming has been in harmony with the social network.
“We’re still wondering how and why it’s legal to keep selling shares privately after registering for an initial public offering,” we wrote in a post last month about private exchange trading of Facebook stocks. The Securities and Exchange Commission apparently wondered the same thing.
Facebook has a potentially taxing problem on its hands, and the company will address it by increasing its $2.5 billion credit line.
Facebook may have brought in $1.6 billion of revenues during the first half of 2011.
Are Facebook employees cashing out their stock to avert a decline in the shares’ value?
Today, Empire Avenue, the social influence stock market, officially launches its Facebook application. Are you going to play?
Facebook might have lower its financing costs, retain full control of the company, face less regulatory scrutiny and be able to remain private without controversy by issuing corporate bonds instead of selling stock.