Facebook's stock falls below $30 for first time
Facebook's stock has fallen below $30 for the first time since its much-awaited public debut this month. The stock fell $3.07, or 9.6 percent, to close at $28.84 on Tuesday. That's down 24 percent since its public stock debut. It went as low as $28.65 earlier in the day. Facebook ...
Facebook HQ expansion approved by Menlo Park City Council
A Silicon Valley city where Facebook has opened its new headquarters voted Tuesday to support an environmental impact report and development agreement for a project that will allow the social media giant to employ thousands more people at the campus. Under the deal, Facebook could base about 6,600 workers at ...
Morgan Stanley defends Facebook IPO execution
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for ...
Prolonged Facebook slide could hurt the state budget
California's budget could take a hit if Facebook's stock price keeps sliding. Gov. Jerry Brown previously estimated the state would generate between $1.4 billion and $1.9 billion over the next 13 months from taxes related to sales of Facebook stock. The estimate was based on a price of $35 a ...
Where are Facebook friends? Stock sinks on 2nd day
Facebook's stock is sinking nearly 7 percent, falling below the $38 IPO price, in the social network's second day of trading as a public company Monday. Investors and technology industry watchers are closely tracking the Menlo Park, Calif., company's shares. The world's largest social network was one of the most ...
Facebook's Mark Zuckerberg marries sweetheart
Facebook founder and CEO Mark Zuckerberg updated his status to "married" on Saturday. Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home, capping a busy week for the couple, according to a guest authorized to speak for the couple. The person ...
Graffiti artist stands to make millions off Facebook IPO
Artwork abounds at the new Facebook campus in Menlo Park, but one artist's business decision is really going to pay off. On his blog, street artist David Choe posted video of Facebook founder Mark Zuckerberg helping spray-paint one of his murals.. Choe, 35, started working with Facebook seven years ago, ...
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