Facebook Ipo

Facebook crosses $38 IPO price for the first time ever

Facebook's stock has passed its $38 IPO price for the first time since its rocky public debut last May, crossing a symbolic hurdle that has eluded it for more than a year.

Citi files claim with Nasdaq for compensation from Facebook IPO

Citi filed the claim on Monday, which is the deadline for applications from firms seeking to participate in the $62 million compensation plan, but is still looking at all of its options, including legal options.

Facebook hit with another lawsuit over bungled IPO

A Facebook Inc shareholder filed a lawsuit over the largest social networking company's botched initial public offering and is seeking to hold Chief Executive Mark Zuckerberg, directors and officers responsible for the damage.

Twitter all set to go public, submits documents for IPO

Twitter is taking advantage of federal legislation passed last year that allows companies with less than $1 billion in revenue in its last fiscal year to avoid submitting public IPO documents.

Taking Facebook public helped build a strong company: Zuckerberg

Zuckerberg told a San Francisco audience attending a technology conference that he believes the rigors of an initial public offering of stock completed 16 months ago turned Facebook Inc. into a stronger company.

Morgan Stanley fined $5mn over Facebook IPO fiasco

Morgan Stanley, the lead underwriter for Facebook's troubled public stock offering, has agreed to pay $5 million to Massachusetts' securities regulators after they accused it of disclosing a revenue shortfall only to certain analysts and not the general public.

Facebook COO Sandberg sells stock worth $3.75 mn

Facebook Inc Chief Operating Officer Sheryl Sandberg sold $3.75 million worth of stock in the company on Tuesday, her second stock sale since trading restrictions on insiders expired last week.

Facebook co-founder selling off 150,000 shares a day

Facebook co-founder Dustin Moskovitz is selling yet more shares in the one-time consumer-Internet darling, keeping up a steady but small flow of daily sales, according to a filing.

Facebook Director Peter Thiel cashes out. Will others follow suit?

Peter Thiel was the first investor to take a gamble on Facebook Inc. Now some people are wondering whether, in selling most of his stake, the Facebook board member is signaling to others that it's time to rush for the exits.

Nasdaq CEO says sorry for Facebook IPO debacle

According to a Wall Street Journal report, Nasdaq's CEO Robert Greifeld has officially apologised for the technical glitches which caused a delay in trading orders for brokers.