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May 18, 2012, 8:30 PM
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| John Paczkowski / AllThingsD: |
The Price Is Right: Facebook Closes Near Opening Price — After the weeks of private equity dealmaker palm rubbing and investor anticipation that preceded it, Facebook's IPO on Friday was something of an anticlimax. Shares in the newly public company rose to $45 before closing at $38.23.
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Bits, Guardian, Forbes, The Next Web, ZDNet, Business Insider, VentureBeat, WebProNews and Pulse2 Technology …
Tweets: @danprimack, @emilychangtv, @alexismadrigal, @alexismadrigal, @taylorbuley, @cdixon and @dondodge
| Dan Primack / Fortune: |
38 Special: Facebook bankers got it right — Facebook shares stay flat, and that's okay. — FORTUNE — Facebook (FB) shares didn't pop. They didn't crumble. They closed the day at $38.23 per share, or less than a percentage point higher than where the company's IPO had priced last night.| Kim-Mai Cutler / TechCrunch: |
Bankers Got Too Aggressive With Pricing Facebook As They Struggled To Keep Shares Above $38 — The underwriters of Facebook's $16 billion debut on NASDAQ fought to the finish to keep the company's shares above last night's final price of $38 a share. Shares closed at $38.23 today.
More:
Venture Capital Dispatch and CNET
| Alexei Oreskovic / Reuters: |
Historic Facebook IPO marred by trading glitches — (Reuters) - For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise.
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CNET, Business Insider, Focus on Funds, Business Insider, Dice Blog Network, The Next Web, The New Persuaders, Mobile, SiliconValley.com, Firstpost, CNET, Guardian, blogs.ft.com, Datamation.com and AllThingsD
Tweets: @katyawachtel, @levie and @shervin
| Bloomberg: |
Facebook IPO Makes Zuckerberg Richer Than Google Founders — Facebook Inc. (FB)'s $16 billion initial public offering has made 28-year-old Mark Zuckerberg the 29th richest person on Earth. — Facebook, the world's most popular social networking company, sold 421.2 million shares for $38 each.| Larry Dignan / CNET: |
How Facebook's bankers saved an IPO, kept shares above $38 — Facebook's IPO was a roaring success — for Facebook. Investors aren't quite sure what to make of it after Facebook's underwriters repeatedly stepped in to make sure shares didn't fall below the $38 mark.
More:
Examiner, VentureBeat, Wall Street Journal, TechFlash and Telegraph
| Matthew Panzarino / The Next Web: |
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Daily Dot
| Meghan Kelly / VentureBeat: |
| David Garcia / TechCrunch: |
How Facebook Hacked The NASDAQ Button — Editor's note: Some savvy Facebook engineers rigged the NASDAQ button to automatically post “Mark Zuckerberg has listed a company on NASDAQ - FB” to the CEO's Timeline as he rung the bell to open the NASDAQ's day of trading.
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Next Media Animation, Forbes, Reuters, VentureBlog, Guardian, Los Angeles Times, Featured stories, AllFacebook, GigaOM, WebProNews, PE Hub Blog, TechCrunch, VentureBeat, The Verge, Gizmodo, Bits, Visual.ly, The Firewall, NBC Bay Area, Business Insider, The Next Web, SiliconBeat and CNNMoney.com. See also Mediagazer
| Jennifer Van Grove / VentureBeat: |
| Josh Constine / TechCrunch: |
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Guardian, Forbes and WebProNews
| Kim-Mai Cutler / TechCrunch: |
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Digits, TechCrunch, WebProNews, Social Markets, Shareaholic Blog, Los Angeles Times, SocialTimes, Firstpost, Gizmodo and Gawker
Tweets: @pkafka, @brianstelter, @mikeisaac, @loyalelectron and @laurengoode
| Bloomberg: |
Facebook Sued For $15 Billion In Suit Over User Tracking — Facebook Inc. (FB), which is scheduled to begin trading today, was sued by users of its social network in an amended class-action case claiming the company invaded their privacy by tracking Internet usage and seeking $15 billion.
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GigaOM, Mashable!, Marketing Land, Business Insider, Telegraph, ZDNet, VentureBeat, Pulse2 Technology …, Tech Daily Dose, eWeek, SlashGear, stewartslaw.com, Computerworld, The Register, TechnoBuffalo, Marketing Land, The DNetWorks, Techland, Associated Press, Daily Dot, TechSpot, CNET, PC Magazine, Los Angeles Times and WebProNews
| Om Malik / GigaOM: |
Facebook buys Karma app — The newly public Facebook says it is buying Karma, a mobile social gifting app. The news was released via Karma's blog. As we first posted, Karma was founded by Lee Linden and Ben Lewis who in their past life were co-founders of Tapjoy, that was acquired …
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CNET, Digital Trends, Bits, ReadWriteWeb, Venture Capital Dispatch, VentureBeat, The Verge, The Next Web, Social Markets, AllThingsD, TechCrunch, Inside Facebook, Business Insider, Digits and Mashable!
Tweets: @mikeisaac and @sequoia_capital
| Reuters: |
Worries mount as Nokia burns through cash — Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead.| Cotton Delo / AdAge: |
Foursquare Hires Former iAd Exec as Revenue Chief — Steven Rosenblatt Is Longtime Mobile Exec From Quattro Wireless — A month after Ad Age learned that Foursquare will soon launch advertising products, the company has hired its first-ever monetization lead.
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Betabeat, GigaOM, Pulse2 Technology …, Marketing Land and The Next Web
| Florian Mueller / FOSS Patents: |
ITC orders import ban against Motorola Android devices that infringe a Microsoft patent — The United States International Trade Commission ("USITC", or just “ITC") today ordered an import ban against all Android-based Motorola Mobility devices that infringe a particular Microsoft patent …
| Stu Horvath / Wired: |
The Imagination Engine: Why Next-Gen Video Games Will Rock Your World — A shot from Epic Games' upcoming Unreal Engine 4 demo. Image courtesy of Epic Games — When Tim Sweeney is out in the world discussing pedestrian things—the sweet tea at a particular barbecue restaurant, say …
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Digital Trends, The Tech Report and Kotaku
| Somini Sengupta / New York Times: |
Reticent Rich: Preferred Style in Silicon Valley — MENLO PARK, Calif. — Wealth is here if you know where to find it. — Fabulous home theaters are tucked into the basements of plain suburban houses. Bespoke jeans that start at $1,200 can be detected only by a tiny red logo on the button.
More:
Guardian, Bits, Xconomy, Forbes, Betabeat, CNN, Media Decoder, Venture Capital Dispatch and GigaOM. See also Mediagazer
| Tom Warren / The Verge: |
Microsoft's ‘buy a PC, get a free Xbox 360’ deal returns for students on May 20th — Microsoft is announcing the return of its buy a PC and get a free Xbox 360 deal for students this week. Students in the US who purchase a qualifying PC worth $699 or more at certain retailers will get a 4GB Xbox 360 for free from May 20th onwards.
More:
The Windows Blog, BGR and Neowin
| Miyoung Kim / Reuters: |
Samsung gets 9 million preorders for new Galaxy phone: report — (Reuters) - Samsung Electronics Co has received some 9 million pre-orders for its third-generation Galaxy S smartphone from more than 100 global carriers, the Korea Economic Daily reported on Friday.
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The Loop, SlashGear, IntoMobile, Pocketnow, PC Magazine, MobileSyrup.com, ExtremeTech, Digital Trends, Macgasm, eWeek, GigaOM, Android News, Rumours …, Gotta Be Mobile, iDownloadBlog.com, AndroidGuys, Redmond Pie, VentureBeat, Engadget, TmoNews, TechCrunch, Know Your Cell, DVICE, TechnoBuffalo, WebProNews, dailywireless.org, Business Insider, Pocket-lint, T3 News, Mobile Entertainment, The Next Web, BGR, CNET and Pulse2 Technology …
| Chris Ziegler / The Verge: |
RIM, Motorola told Apple they could find a nano-SIM compromise: here it is — Eventually, the committee chairman decided to hold an informal vote by show of hands whether each of the two proposals adequately met the jamming requirement. For the Apple design, seven voting members said it did not, 28 said it did.| Wall Street Journal: |
Groupon Stock Spike Probed — Wall Street Regulator Is Reviewing Jump Monday Before Firm's Earnings Release — A Wall Street regulator is examining trading in Groupon Inc. that sent its stock price soaring hours before a favorable earnings announcement Monday, according to a person familiar with the matter.Sponsor Posts
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