'Facebook is Down' Now Has New Meaning
With Facebook’s hotly anticipated IPO over, let’s slow down to digest everything.
With Facebook’s hotly anticipated IPO over, let’s slow down to digest everything.
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Facebook's IPO on Friday was the largest in the history of technology. The social network raised a staggering $12 billion, valuing the company at well over $100 billion. But after peaking more than 10% above its share price, the stock fell back to its debut price of $38.
On day two, the stock plunged deep into the red. Bleeding panicked sells like crazy, the share price of FB plummeted 12% to less than $34, sinking the company's valuation to barely $90 billion.
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Intigi has just launched Moonbird, a microapp that helps you find people to follow on Twitter based on the content they share.
The startup describes Moonbird as "a free service that helps you find interesting people to follow on Twitter," and using it is simple: give Moonbird an article URL and it will show you the last 20 people who have shared it on Twitter.
read moreFacebook's IPO today was the largest in the history of technology companies. The social network raised $12 billion and is now valued at well over $100 billion, making founder and CEO Mark Zuckerberg one of the wealthiest humans in the world. So it's not surprising to learn that at least one IPO-related scam is making rounds today.
Symanetic has spotted a classic 419 scam—one of the oldest phishing tricks in the book, but one that still manages to catch the gullible off guard. These scams typically promise big money in exchange for assistance but require up-front charges and fees to be paid in advance. From Symantec's blog, here is some info on this latest Facebook scam:
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Today, social network Facebook went public for $38 per share at a total valuation of $104 billion. Founder, CEO, and now multi-billionaire Mark Zuckerberg rang the opening bell for the Nasdaq from his company's headquarters in Menlo Park, California, this morning. Naturally, he was wearing his signature hoodie.
Facebook is selling 421,233,615 shares of common stock to raise $12 billion in capital. This is the largest technology IPO in history. Under the ticker symbol "FB," Facebook shares are currently up over 5% to more than $40, pushing the company's valuation to $110 billion.
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When the Wall Street Journal reported this week that General Motors pulled $10 million worth of Facebook ads, the news went viral.
Why? Because GM marketing executives basically say Facebook ads totally suck and aren't worth the paper they're printed on. Er, okay—forget the analogy. You get the idea.
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Woodbridge-based toy and gaming company Ganz, best known for Webkinz World, has introduced a "game-changing innovation in family-friendly virtual fun." Ganz has launched Webkinz Friends on Facebook, a teen-targeted version of the interactive online game. Similar to the original game, Webkinz Friends has integrated more social features, taking advantage of the Facebook platform.
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