LinkedIn finished last year with a solid financial performance, but the online professional networking service rattled already jittery investors with a forecast indicating that its growth is slowing more than investors envisioned.
Twitter beat Wall Street’s earnings and revenue expectations in its first quarter as a public company. But investors were looking for even more and the company’s stock dipped as much as 12 percent in after-hours trading Wednesday.
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.
A season-ending injury to Houston Texan running back Arian Foster has also sidelined an IPO proposing to sell a stake in the football star’s future earnings.
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.
Twitter says it will sell more than 70M shares between $17 and $20 per share in its IPO .
He says he and funds run by his son and a partner bought the shares for about $58 each, and sold them in several blocks this month for $304.23 and $341.44 apiece.
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.
The unusual investment opportunity kicked off Thursday with an IPO filing proposing to sell stock for a stake in the future income of the Houston Texans’ Arian Foster, a top running back in the National Football League.
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.