The Wall Street Journal
The political advocacy group being formed by Facebook Co-Founder and CEO Mark Zuckerberg is moving full-speed ahead, as Politico Pro reported that two more lobbying firms have signed on to work with the group.
More details are emerging on the political advocacy group reportedly being put together by Facebook Co-Founder and CEO Mark Zuckerberg, with The Wall Street Journal reporting that the group’s goal is to raise $50 million, and its focus is on comprehensive immigration reform.
Facebook Co-Founder Eduardo Saverin cautioned that the social network’s rapid growth brings both positive and negative consequences.
Facebook Chief Operating Officer Sheryl Sandberg has one of the most impressive resumés in the tech world, including a stint as chief of staff in the U.S. Treasury Department, and working to make Google into the giant that it is today. But as The Wall Street Journal discovered in an early reading from Sandberg’s book, before she worked for Facebook, she was offered the top job at another social networking site — LinkedIn.
The stock value of Google plummeted after its preliminary third-quarter report showed that income dipped 20 percent while costs rose. This news sent a ripple effect throughout other Web giants on Wall Street, as the share prices of Facebook and Yahoo fell Thursday, as well.
What can $20 buy you? A share of Facebook stock. For the first time, the price of a share of the social network has dipped below $20. As of 12:45 p.m. PT Thursday, the cost had fallen all the way to $19.88.
Don’t you just love a good infographic? Earlier today, we spotted this interesting visual from The Wall Street Journal highlighting major stakeholders that have changed the number of shares they plan to sell when Facebook’s initial public offering launches tomorrow.
We’re just waiting for a Facebook tab to appear on The Wall Street Journal’s homepage: The newspaper has been covering with great speed and interest this week’s initial public offering roadshow. Indeed, Facebook has become something of a mainstay as of late.