Tag Archive: stock


AP

Facebook CEO Mark Zuckerberg hasn’t enjoyed seeing his company’s stock get pummeled on Wall Street this summer, but he is relishing the opportunity to prove his critics wrong.

“I would rather be in a cycle where people underestimate us because I’d rather be underestimated,” Zuckerberg said Tuesday. “I think it gives us the latitude to go out and make some big bets.”

Zuckerberg, 28, made his remarks before a standing-room-only audience at a tech conference in San Francisco in his first interview since Facebook Inc.’s rocky initial public offering in May.
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Facebook

Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.

Earlier, the company’s 28-year-old CEO, Mark Zuckerberg, smiled as he rang the opening bell from Facebook’s headquarters in Menlo Park, Calif. Surrounded by cheering Facebook employees and wearing his signature hoodie, the 28-year-old pushed the button that signals the opening of the stock market in New York. The morning’s events followed an all-night “hackathon” at the company, where engineers stayed up coding software and conjuring up new ideas for Facebook and its 900 million users.
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AP

Facebook on Tuesday increased the price range at which it plans to sell stock to the public, as investor enthusiasm in the offering continued to mount and boost the potential value of the world’s most popular social network.

The Menlo Park, Calif. company said in a regulatory filing that it now expects to sell its stock for between $34 and $38 per share, up from its previous range of $28 to $35. At the upper limit of $38 per share, the sale would raise about $12.8 billion.
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stockmarketinvesting.com

Wall Street rocketed higher in the final trading session of what has been a tumultuous month as traders cheered a coordinated action by central banks to buttress money markets and a bounty of bullish economic data, pushing the Dow and S&P 500 above psychologically-important levels. View full article »

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