Facebook says it plans to offer 70 million shares of stock for sale that includes more than 41 million shares from chairman and CEO Mark Zuckerberg.
Shares of Twitter went on sale to the public for the first time Thursday, instantly leaping more than 70 percent above their offering price in a dazzling debut that exceeded even Wall Street’s lofty hopes.
Tesla Motors’ high-flying stock tumbled 12 percent in after-hours trading Tuesday after the electric car maker’s third-quarter results fell short of expectations.
Twitter’s IPO could now raise more than $2 billion.
Shortly after the markets opened Friday, Google Inc. shares jumped 14 percent to $1,015.46 and closed a day heavy trading at $1,011.41. The gains marked Google’s biggest one-day jump in more than five years.
Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year’s most eagerly awaited stock market debuts.
Billionaire investor Carl Icahn’s announcement that he had acquired a large but unspecified stake in Apple and that he had a “nice conversation” with CEO Tim Cook caused Apple’s market value to rise Tuesday by about $13 billion.
Facebook’s chief operating officer, Sheryl Sandberg, has sold $91 million worth of shares in the social networking company.
Excluding one-time items and lease accounting, Tesla Motors Inc. said it had a profit of 20 cents per share. The one-time items included a $16 million charge associated with the payoff of a $465 million loan from the U.S. Department of Energy. Tesla paid off the loan in May, nine years earlier than it was due.
Shares of Apple Inc. are setting a one-year low after news from a supplier hinted at a slowdown in iPhone and iPad production.