Twitter finally has decided to go public, but it’s taking a route that will keep most of the details about its business private for a while longer.
Facebook’s chief operating officer, Sheryl Sandberg, has sold $91 million worth of shares in the social networking company.
Facebook’s stock price has passed its $38 IPO price for the first time since its rocky initial public offering more than a year ago.
The world’s biggest online social network has been on a roll since it reported stronger-than-expected earnings on July 24. Investors are especially upbeat about its fast-growing mobile advertising revenue.
Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook’s public stock offering last year.
LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn’t be more different.
Shares of Ruckus Wireless Inc. fell Friday after raising $126 million in an initial public offering of stock.
Facebook’s biggest lock-up period – a time following an IPO that prevents insiders from selling stock – expires on Wednesday.
Shares of cloud-computing firm Workday rocketed higher in their first day of trading on the New York Stock Exchange.
Facebook’s stock was down sharply after an article in the financial magazine Barron’s said it is “still too pricey” despite a sharp decline since its initial public offering.