With the much-heralded Facebook IPO almost upon us, a backlash is growing amongst those weary of the endless hype. Some are skeptical of the company’s lofty valuation; others are just sick of all the attention being given to a site they see as little more than a frivolous time-sink.
Facebook IPO
Video: A Brief History of Facebook
As the big IPO looms, here’s a whirlwind tour of Facebook’s highlights and lowlights from 2004 to the present day (in just under two and a half minutes).
Facebook Co-Founder Gives Up U.S. Citizenship — Is He Ungrateful, or Heroic?
Last Friday, we learned that Eduardo Saverin, one of the co-founders of Facebook, had renounced his American citizenship in what seemed to be a transparent ploy to escape a hefty bill from the IRS in the wake of Facebook’s …
Facebook’s IPO Is Now Available for E-Trade Retail Investors
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.
via Facebook’s IPO is Now Available For E-Trade Retail Investors | Business | TIME.com.
I Went to the Facebook Roadshow and I All I Got Was a Brownie
I went to the biggest show in town without a ticket and got busted at the door — even though I was dressed better than the star, who appeared in a hoodie and sneaks.
via I Went to the Facebook Roadshow and I All I Got Was a Brownie | Business | TIME.com.
Investors: Facebook Wants to Connect with You After All
Facebook is connecting with Mom and Pop. The world’s most popular social media site has added an online trading firm to the group of firms underwriting its IPO — and is serving up a video for potential investors that might well have made George Eastman cry.
via Facebook Wants to Connect with You After All | Business | TIME.com.
With IPO Looming, Is Facebook’s Ad Business Ready for Prime Time?
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.
via With IPO Looming, Is Facebook’s Advertising Business Ready For Prime Time? | Business | TIME.com.
Forget Facebook: Why Regular Joes Can’t Invest in the Decade’s Hottest IPO — and Probably Shouldn’t Try
Individual investors are unlikely to be able to buy Facebook shares before they start trading on the Nasdaq stock exchange.
Facebook IPO News Roundup
From our friends over at TIME.com’s Business section:
- With IPO, Facebook’s Valuation Could Reach $100 Billion
- Read Facebook CEO Mark Zuckerberg’s IPO Letter
- The 11 Largest IPOs in U.S. History
- Facebook by the
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Facebook Files for IPO
Facebook To Go Public in 2012?
The Wall Street Journal is reporting that Facebook is getting ready to go public and increase their shareholders above 500 members in 2012. Details were revealed in a 100-page document sent to a select group of potential investors.The company is currently under a SEC investigation that is looking into claims that the company has gone …
Sources: LinkedIn To Go Public in 2011, Trying To Beat Facebook To It
Sources have told Reuters that LinkedIn, the social network for professionals, has plans to sell public stock options in the upcoming year. According to the story, the company, which has over 85 million profiles and makes money from advertising and premium account sales, has already chosen Morgan Stanley, Bank of America and JP Morgan as …