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FACEBOOK MADE its debut in the stock market on Friday, 18 May 2012 on its initial public offering. With an opening price of $42.05 per share, the stock reversed course to drop at a closing price of $38.23 per share. This is almost at the same level with the company’s offering price of $38 per … Continue reading
FACEBOOK GEARS to close its acquisition of Instagram at an astonishing $1 billion in cash and stock. The world’s biggest social networking service is buying the mobile photo-sharing application with its biggest acquisition to date. Instagram was valued at $500 million after recently raising $60 million from investors. The acquisition is expected to close before … Continue reading
ZUCKERBERG-LED SOCIAL networking giant Facebook has finally filed its long-awaited plan to become a publicly listed company. Documents were filed to the United States Securities and Exchange Commision on Wednesday, 01 February 2012. Seeking to raise $US5 billion, this would be one of the largest Internet Initial Public Offering (IPO) in history. Google raised $US … Continue reading
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