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GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By
General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.
Facebook IPO: Why Did Underwriters Boost Its Value?
A day before Facebook (Nasdaq: FB), the No. 1 social network holds its initial public offering, its 33 underwriters boosted the number of shares for sale by 25 percent, potentially valuing the deal as high as $19 billion.
Is Living Barbie Valeria Lukyanova ?An Iconic Symbol? Of The Future? [PHOTOS]
Living Barbie Valeria Lukyanova, a 21-year-old Ukranian model, became an Internet sensation when photos of her doll-like appearance began circulating in the media. Some called her freakish; others called her crazy; but is she an iconic symbol of the future of Western society?
Pirate Bay Down After Anonymous-Style DDoS Attack
The Pirate Bay, bane of content creators and love of downloaders, has endured a prolonged Distributed Denial of Service (DDoS) attack that has disabled the site for an unusually prolonged period of time, with many pointing to hacktivist group Anonymous as the source of the problem.
Facebook IPO: How To Profit On Mark Zuckerberg Without Investing
There's a quirky way to make some money off of the Facebook IPO without directly investing in the social media giant.
Facebook Acquiring Lightbox.com Staff, Technology
Facebook (Nasdaq: FB), the No. 1 social network, said it?s acquiring the staff and technology of startup Lightbox.com, developer of a photo app for mobile surfaces.
Facebook IPO: Women's Rights Group Criticizes Company For All-Male Board Of Directors
Noting that a majority of Facebook users are women, the group is calling on CEO Mark Zuckerberg to diversify its board of directors as the company prepares to go public.
Linda Hogan And Boyfriend Charley Hill Break Up, Hogan Calls Off Engagement Via Facebook
Linda Hogan and her 23-year-old boyfriend, Charley Hill, have called off their engagement, according to announcement posted on Hogan's Facebook page.
Linda Hogan Photos: Reality Star Breaks Up with Boyfriend Charley Hill [PICTURES]
Linda Hogan announced that she and her boyfriend, Charley Hill, are calling it quits.
First Facebook Trade At $38? Not If History Has A Vote
Facebook (Nasdaq: FB), the No. 1 social network, has decided to pitch its initial public offering of 421 million shares at $38, which could raise as much as $18.1 billion, assuming ?over-allotment options.
Huge Demand Prompts Facebook To Sell More Shares In IPO
Surging demand for shares of Facebook (Nasdaq: FB), the No. 1 social network, prompted the company to again boost the number of share for sale in its initial public offering.
US Stock Futures Flat As Greek Crisis Pressures Equities
Stock index futures were little changed on Wednesday as investors continued to worry about Greece's political and financial crisis as the country prepares for its second election in just over a month.
Stock index Futures Point To More Losses
Stock index futures pointed to a lower opening on Wall Street on Wednesday, with futures for the S&P 500 and Dow Jones down around 0.1 percent, while the Nasdaq 100 fell 0.4 percent at 4:10 a.m. EDT.
Facebook boosts IPO size by 25 percent, aims for $15 billion
Facebook Inc will increase the size of its initial public offering by 25 percent to raise about $15 billion, a source familiar with the matter said, as strong investor demand for a share of the No.1 social network trumped ongoing debate about the company's long-term potential to make money.
What's Up With Facebook CEO Mark Zuckerberg's Grammar In Leaked E-mail?
Facebook CEO Mark Zuckerberg went to Harvard. Then he co-founded Facebook. So what's up with his grammar in a leaked e-mail that provides new insight into how he callously diluted co-founder Eduardo Saverin's stake in the company to a weak 10 percent? This article will help get to the bottom of his shockingly bad grasp of the English language.
Risk-On Sentiment Evaporates In Final Two Hours Of Session: Daily Markets Wrap
Investors spent most of Tuesday tip-toeing back into risky assets before suddenly losing their nerve about two hours before the closing bell and retreating, for the second day in a row, to German bunds and U.S. Treasurys.
Facebook IPO Date Approaches: 5 Reasons You Shouldn't Buy Stock
Facebook, the world's biggest social network with 900 million-plus users, is finally ready to make its Wall Street debut on Friday, May 18, 2012. Facebook is clearly dominant in its industry, but buying stock so quickly might be unwise. Here are five reasons why you shouldn't go buy Facebook stock right away.
Google Gets Serious About Self-Driving Car Technology; Autonomous Vehicle Spotted In Washington
Google is getting serious about its self-driving car technology campaign. In an effort to make the driverless car legal on U.S. roads, the Mountain View, Calif. based company was spotted showing off the robo-prius on the streets of Washington, D.C. - just one day after Nevada became the first state to legalize autonomous vehicles.
Torika Watters, Fiji Beauty Queen, Disqualified From 2012 Miss World Pageant For Age, Not Race [PHOTOS]
This year, beauty pageants are more scandalous than ever, with one contestant after another losing their crowns for disqualification. The latest? Fijian beauty queen Torika Watters was disqualified over the weekend, losing her title in Fiji for the 2012 Miss World pageant for being underage when pageant officials found that she did not meet the age requirement to compete, despite complaints about her mixed race.
Mississippi Police Search For Suspect Possibly Posing As Cop After Thomas Schlender And Lori Anne Carswell Found Dead On The Highway
Mississippi authorities are on the hunt for a suspect possibly posing as a police officer, who may be responsible for the murders of two people who were discovered shot to death along a desolate stretch of highway.
Australian Shooter Russell Mark Will Wear ?Mankini? To London 2012 Olympics After Losing Bet
Australian Olympic shooter Russell Mark will have to wear a lime-green 'mankini' -made famous by the 2006 'Borat' film - to the London 2012 Olympics opening ceremony after losing a bet with his friends over Australian football.
Facebook IPO: Analysts Urge Facebook To Satisfy Advertisers More Amidst Initial Public Offering
Since the Facebook IPO announcement back in Februrary, analysts have been researching the company from almost every angle, trying to gauge how well the Menlo Park, Calif.-based company will do once it goes public.
Facebook Users Distrust Company, Apathetic Toward Ads [REPORT]
A new study revealed that most Facebook users do not trust the company to keep their information private. It also revealed that a large majority of respondents rarely interact with ads or other sponsored links on the site.
Mitchell Guist Dies at 48: An Appreciation Of 'Swamp People' Star
Mitchell Guist, Bayou denizen and one of the humbler members of the History Channel's Swamp People, died on Monday, falling into the body of water he spent a lifetime calling home. And in this modern American culture, we'll most likely relegate him to the dustbin of ancillary reality TV characters. We shouldn't.
Facebook?s IPO: Shares Upped, Value Could Be $104 Billion
Facebook (Nasdaq: FB), the No. 1 social network, announced that it would increase the number of shares in its initial public offering, price them higher and value the company at as much as $104 billion.
US Stock Index Futures Point To Tuesday Rebound
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with the futures for the S&P 500 and the Dow Jones up 0.6 percent and Nasdaq 100 futures up 0.8 percent at 0733 GMT.
Facebook Reported Closing IPO Books Early, May Hike Price
Facebook will close the books on its $10.6 billion initial public offering on Tuesday, two days ahead of schedule and a signal that Silicon Valley's largest IPO is drumming up strong demand.
Picking Up The Pieces At Arkansas After The Bobby Petrino-Jessica Dorrell Scandal
The effects of Bobby Petrino's infamous motorcycle crash are just beginning to be realized.
Facebook Timeline Mandatory Date Set for May 21: Final Rollout Coming Next Week [REPORT]
Rumors have been swirling around the Internet for months that one day the newest feature on Facebook, Timeline, would become mandatory and it appears the date has been set for May 21, just three days the company is slated to go public. On Monday, some of the remaining Facebook users who haven't converted to the Timeline feature received a message on top of their page, informing that the mandatory rollout would take place next week.
Facebook IPO: $96 Billion Company To Make Its Nasdaq Debut, What's The Worst That Could Happen?
The social network is expected to make the internet's largest initial public offering ever recorded at an estimated company valuation of $96 Billion. Projecting such high figures, investors unfamiliar with the IPO market and more familiar with Facebook as a company will most likely be asking themselves -- what's the worst that could happen?