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Facebook Stock Plunges in Second-Day Trading

Posted May 21st, 2012 at 11:20 am (UTC-5)
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The price of stock in social-media giant Facebook is plunging on its second day of trading. In the first hour on the Nasdaq exchange Monday, traders quickly started selling the stock with its price falling more than 11 percent to below $34. Facebook shares had edged slightly higher on the stock’s opening Friday, ending up […]

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Facebook Shares Close Up Slightly

Posted May 18th, 2012 at 5:35 pm (UTC-5)
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Facebook, the world’s biggest social media website, started selling stock to the public on Friday, with an initial share price of $38. But contrary to some investors’ hopes, the stock price did not soar in the first day’s trading. After jumping more than 10 percent in the first few minutes of trading, Facebook shares closed […]

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Facebook Starts Public Sale of Its Stock

Posted May 18th, 2012 at 3:05 pm (UTC-5)
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Facebook, the world’s biggest social media website, started selling stock to the public on Friday, with its initial $38 share price edging above $40 in the first hours of trading. Facebook’s chief executive, Mark Zuckerberg, signaled the start of trading on the Nasdaq exchange in New York by remotely ringing a bell from company headquarters […]

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Facebook Starts Public Sale of Its Stock

Posted May 18th, 2012 at 11:45 am (UTC-5)
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Facebook, the world’s biggest social media website, started selling stock in the company to the public on Friday, with its initial $38 share price quickly jumping to more than $40. Facebook’s chief executive, Mark Zuckerberg, signaled the start of trading on the Nasdaq exchange in New York by remotely ringing a bell from company headquarters […]

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Facebook Set for History-Making Stock Sale

Posted May 18th, 2012 at 10:20 am (UTC-5)
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Facebook, the world’s biggest social media website, will begin its eagerly awaited first day as a publicly traded company on Friday. Stock in the California-based company will sell for $38 a share when trading begins on the Nasdaq Stock Exchange . The initial public offering — the opening price at which investors can buy a […]

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Facebook IPO to be $38 Per Share

Posted May 17th, 2012 at 5:15 pm (UTC-5)
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Shares in Facebook, the world’s biggest social media website, will begin trading Friday at $38 apiece on the Nasdaq Stock Exchange. Facebook’s initial public offering — the opening price at which average investors can buy a share — will raise about $16 billion, making it the most lucrative IPO in history. Some analysts expect millions […]

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Facebook Offers More Shares in Stock Debut

Posted May 16th, 2012 at 9:40 am (UTC-5)
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Social media giant Facebook says it is boosting the number of shares of company stock it will offer for sale to the public later this week, due to strong investor interest. Facebook said Wednesday it will now offer 421 million shares for sale — a 25 percent increase. The privately owned social network Internet site […]

Tags: , , , , Posted in Economy

GM Plans to Pull Ads from Facebook

Posted May 16th, 2012 at 5:20 am (UTC-5)
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U.S.-based General Motors says it will stop all of its paid advertising on Facebook, raising doubts about the viability of the popular social network ahead of its eagerly awaited debut as a publicly traded company. A spokesman for the world’s largest automaker says it decided to pull its ads off Facebook because they have not […]

Tags: , , , Posted in Economy, US

Facebook Boosts Its Initial Stock Price

Posted May 15th, 2012 at 10:05 am (UTC-5)
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Social media giant Facebook says it is raising the price of the company stock it is offering to the public. The Internet-based social network site had initially said the more than 337 million shares of stock it is selling would be priced between $28 and $35 a share. But with strong demand for the stock […]

Tags: , , Posted in Economy, US

Facebook Estimating Value at Nearly $96 Billion in IPO

Posted May 3rd, 2012 at 5:35 pm (UTC-5)
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Facebook, the social network website used by more than 900 million people around the world, is about to go public. Facebook announced Thursday that its initial public offering will be between $28 and $35 a share. At this price, Facebook would be worth as much as $96 billion. Facebook executives plan to hold what they […]

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