Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth from investors.
Facebook’s Wall Street investment banks warned top clients of new doubts about the social network’s financial prospects just days before the company’s IPO, according to a series of reports that emerged Tuesday.
Facebook shares jumped 13% to hit $43 just minutes after the company went public in the largest Internet IPO in history.
Yahoo and AOL are both former tech/media darlings in the midst of turnaround efforts, but lately they’ve had a striking divergence of fortune.
Giant online discount brokerage E-Trade has begun offering its retail clients a slice of Facebook‘s highly-anticipated IPO, making good on Mark Zuckerberg‘s desire to give casual investors the chance to participate in the red-hot stock offering.
Just weeks before the IPO, some marketers are already complaining about Facebook’s advertising business — not a great sign for a company that gets the vast majority of its revenue from online ads.
The elaborate — and legal — ways that Apple, and other tech companies, minimize their tax bills.
Thanks to a combination of anticipation and luck, Apple — which nearly went bankrupt before the last tech boom — is poised for even greater heights if it can continue to out-think, out-innovate and out-execute its competitors. Here are three major forces buoying Apple’s growth and pushing the company forward.
As a purely financial matter, Netflix’s quarterly report should not have precipitated the absolute shellacking that the company’s stock suffered after-hours Monday, wiping out about $1 billion in shareholder equity.
So much for those Apple jitters. The Cupertino, Calif. cash machine blew past Wall Street estimates Tuesday, reporting yet another monster quarter of financial results.
With its planned initial public offering just weeks away, social networking juggernaut Facebook reported that its first-quarter profit fell 12% thanks to a dramatic increase in the company’s expenses as it continues its torrid growth.
In a maneuver designed to cement their control, Google’s founders announced an unusual stock plan that will maintain their grip on the search giant well into the future. Wall Street greeted the proposal — company shares rose 2.4% in after-hours trading — but the plan could spook shareholder-rights advocates.
The Department of Justice complaint against Apple and five major publishing houses reads like a case study: A powerful, entrenched industry desperately tries to confront an economic disruption caused by the rise of a new technology, only to face charges of violating federal law.
In an unusual clarification, Best Buy said late Tuesday that CEO Brian Dunn had resigned amid a probe into his “personal conduct” — just hours after announcing that Dunn had left the company after “mutual agreement” that the big-box retailer needed new leadership.
Wall Street cheered AOL’s deal to sell $1 billion worth of patents to Microsoft, sending the onetime Internet pioneer’s stock soaring over 40% Monday to levels not seen in nearly two years.
Here’s a first-year assessment of Page’s performance ahead of the company’s earnings report on Thursday.
In a potentially costly setback for Google, a federal appeals court on Thursday ruled that its YouTube video site must once again defend itself from a $1 billion copyright infringement lawsuit filed by Hollywood giant Viacom.
What is it with daily-deals website Groupon and accounting?
After months of growing scrutiny over its labor practices, Apple has agreed to implement reforms following an independent audit that discovered major violations in the sprawling Chinese factories that produce iPhones and iPads.
The China Quality Certification Center has given the green light for Apple to sell the Wi-Fi version of its new iPad.
