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FACEBOOK IPO LIVE: The social network goes public

Electronic screens inside the Nasdaq stock market announce the listing of Facebook shares before the start of trading, Friday, May 18, 2012 in New York. The world's definitive online social network raised $16 billion in an initial public offering that values the company at $104 billion. (AP Photo/Mark Lennihan)It's Facebook's big day.


FACEBOOK IPO LIVE: The social network goes public

Electronic screens inside the Nasdaq stock market announce the listing of Facebook shares before the start of trading, Friday, May 18, 2012 in New York. The world's definitive online social network raised $16 billion in an initial public offering that values the company at $104 billion. (AP Photo/Mark Lennihan)It's Facebook's big day.


Facebook IPO: Who is selling stock?

Facebook Inc. sold 180 million of its shares in its initial public stock offering. Another 241.2 million came from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg.

Facebook users weigh in on, well, Facebook

While Facebook's initial public offering Friday had all of Wall Street abuzz, its 900 million users had other things on their minds. They were busy sharing with the world their thoughts about the presidential election, Haitian Flag Day and the weekend.

Gov. mistakenly says Facebook invented in Calif.

Apparently, California Gov. Jerry Brown forgot to rent "The Social Network."

Jobs Available for 'Ninjas' Up 2,505% Since 2006

Jobs Available for 'Ninjas' Up 2,505% Since 2006Need another confirmation that the world of programming is as nerdy as you suspected? Well, today we learn tech employers want recruits to think that they'll be hired as ninjas or Jedis, like we're all living in Kill Bill or Star Wars or something. Just take a look at the 2,505 percent overall increase in the number of jobs described with the word "ninja" since May 2006, according to job site Indeed.com. Similar rises in the number of job listings with "rock star"/"rockster" (810 percent) or with "Jedi" (67 percent) happened since then too.


Intelsat Global files for IPO of up to $1.75 billion

(Reuters) - Intelsat Global Holdings S.A., which provides satellite communications services, filed with U.S. regulators on Friday to raise up to $1.75 billion in an initial public offering of common stock. The Luxembourg-based company told the U.S. Securities and Exchange Commission in a preliminary prospectus that Goldman Sachs, J.P. Morgan and Morgan Stanley were underwriting the IPO. The company, posted a net loss of $400 million on revenue of $2.6 billion for the year ended December 31, 2011, according to the regulatory filing. ...

Historic Facebook IPO marred by trading glitches

Recent activity lists SAN FRANCISCO (Reuters) - For a company that is dramatically upending business strategies and social relationships around the world, Facebook Inc made a surprisingly modest debut on the Nasdaq on Friday as a sky-high valuation and trading glitches capped the stock's rise. In late trading, Facebook shares were only a few cents above the company's initial public offering price of $38, after opening 11 percent higher, rapidly heading south to touch their initial price and then rebounding by several dollars. ...


Facebook stock up slightly in public debut

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, applauds at the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.


Facebook stock up slightly in public debut

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, applauds at the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)Facebook is trading up 8 percent Friday, as investors seek to put a dollar value on the company that turned online social networking into a global cultural phenomenon.


Obama, France’s Hollande hunt for Afghanistan compromise

President Barack Obama meets with French President Francois Hollande, Friday, May 18, 2012, in the Oval Office of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)Visiting French President François Hollande told President Barack Obama on Friday that France's combat troops would leave Afghanistan by year's end and pledged to find a way "for our allies to pursue their mission" in talks at a looming NATO summit. The two leaders also bonded over jokes about fast food, a move that recalled [...]


Facebook IPO averts "odd lot" question

People gather outside NASDAQ Marketsite waiting to see Facebook's share prices posted inside on video monitors in New YorkNEW YORK (Reuters) - Facebook Inc's modest debut on Friday may have averted a potential headache for the company and regulators, and kept at bay a debate over the role of "odd lots" in the marketplace. Shares of Facebook traded as high as $45.00, near the price of $50 that would keep many retail investors from placing a typical "round lot" order of 100 shares, because the total cost will be $5,000 - considered a threshold for many investors. An order for less than 100 shares is called an odd lot. ...


Facebook investors left guessing after Nasdaq glitch

(Reuters) - Individual investors were left guessing for more than two hours on Friday about whether their buy and sell orders for newly issued Facebook shares had been actually executed. The Nasdaq Stock Market, where Facebook is listed, had problems sending electronic messages back to the brokerages that handle orders from individual, or "retail," investors, according to people with direct knowledge of the situation. Because the electronic acknowledgements didn't come back from the exchange, the brokers were unable to tell their clients that trades had been executed. ...

Mexico's Slim eyeing Telekom Austria stake: report

Mexican tycoon Slim speaks during the opening of the World Travel and Tourism Council's The Americas Summit in Playa del CarmenVIENNA (Reuters) - Mexican billionaire Carlos Slim is eyeing a stake in Telekom Austria and is believed to have held initial talks with its two biggest investor groups, Austrian magazine Format reported, without citing sources. It said Slim had been in touch with Ronny Pecik - who with partner Naguib Sawiris has built a 20 percent stake in Telekom Austria - and Austrian state holding company OeIAG, Telekom Austria's biggest shareholder with a 28.4 percent stake. ...


Georgia woman learns toll of flesh-eating bacteria

FILE - This undated photo provided by the family shows Aimee Copeland, the 24-year-old Georgia graduate student fighting to survive a flesh-eating bacterial infection. Copeland has learned she will lose her hands and remaining foot, and responded by saying Faced with the prospect of losing both hands and her one remaining foot, a young Georgia woman battling to survive a case of flesh-eating bacteria that has already claimed one leg mouthed the words "Let's do this."


Ultra-Orthodox plan huge NYC meeting on Net risks

Ultra-Orthodox Jews who believe that the Internet threatens their way of life have rented the New York Mets' stadium for an unprecedented gathering on how to use modern technology in a religiously appropriate way.

Ultra-Orthodox plan huge NYC meeting on Net risks

Ultra-Orthodox Jews who believe that the Internet threatens their way of life have rented the New York Mets' stadium for an unprecedented gathering on how to use modern technology in a religiously appropriate way.

Facebook stock climbs in public debut

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, applauds at the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)Facebook updated its status to "public company" on Friday.


Sector Snap: Social Media stocks tumble

Shares of social media companies tumbled Friday after Facebook made a lackluster stock-market debut amid reports of a slew technical trading glitches.

‘Predatory’ prison phone rates: Civil rights leaders urge reform

What if it cost $17 to make a 15-minute phone call in the U.S.? How often would you call home? That's the dilemma facing many inmates who must rely on the prison phone service and pay sky-high rates. A bipartisan group of prison reformers is calling on the Federal Communications Commission to stop phone companies [...]

Postal employee on workers comp caught running marathon

A U.S. District Court in Florida convicted a former Florida postal worker of health care fraud after she was caught participating in more than 80 long-distance races, including the Boston Marathon, all while taking workers' compensation for a back injury. Jacquelyn V. Myers, 55, was also convicted of making false statements and faces up to [...]

Engineer: Star Trek’s Enterprise ship could be built in 20 years at a cost of $1 trillion

Whether you're a Trekkie or not, you have to admit that there's some sense of wonder toexploring the stars and trying to find life on distant planets. Of course, the U.S.S. Enterprise is a fictional ship, but have you ever put … Continue reading

Star Trek Enterprise could be built in 20 years ... for $1 trillion

Whether you're a Trekkie or not, you have to admit that there's some sense of wonder toexploring the stars and trying to find life on distant planets. Of course, the U.S.S. Enterprise is a fictional ship, but have you ever put … Continue reading

Nasdaq shares fall after Facebook trading delay

Nasdaq OMX Group Inc.'s shares fell following an unexpected delay and possible trading problems in the market debut of Facebook Inc., which went public on the Nasdaq in one of the biggest IPOs ever Friday.

Facebook stock surges as company opens for public trading, up 10% in the first minute

Shares of the social networking company Facebook began trading on the NASDAQ stock market under the ticker symbol FB today. The company didn't begin trading until 11:30 a.m. EDT, slightly later than the proposed starting time of 11 a.m., but once it … Continue reading

Europe thinks the unthinkable on Greece

Men withdraw money from an ATM in AthensBRUSSELS/LONDON (Reuters) - European officials are working on contingency plans in case Greece bombs out of the euro zone, the EU's trade commissioner said on Friday, while Berlin said it was prepared for all eventualities. German Finance Minister Wolfgang Schaeuble, one of Greece's harsher critics, said market turmoil fuelled by the euro zone debt crisis could last another year or two. "Regarding the crisis of confidence in the euro ... in 12 to 24 months we will see a calming of the financial markets," he said. ...


Joe Ricketts gave to every GOP candidate, even Gary Johnson

FILE - In this Feb. 16, 2005 file photo, Ameritrade chairman and founder Joe Ricketts talks to shareholders in Omaha, Neb. Republican presidential hopeful Mitt Romney sought to distance himself Thursday from a GOP-leaning independent group's plan for a $10 million TV ad campaign renewing attention to President Barack Obama's ties to his controversial former pastor. Obama's campaign accused Romney of failing to show Billionaire political donor Joe Ricketts clearly has President Barack Obama in his line of fire this election season, as we learned this week. But when it comes to Ricketts writing checks, apparently all Republicans--and even some libertarians--are welcome.


Private rocket secretly carrying celebs to space

When SpaceX launches its Falcon 9 rocket it will secretly be carrying celebrities. Actor James Doohan, who played Scotty on the original "Star Trek" series, died in 2005.

Steve Jobs' Last Wishes

Steve Jobs' Last WishesWithout Steve Jobs here to defend himself, we're seeing a lot of talk about the visionary's last wishes -- the final visions in that brain that the Apple founder never saw to completion. The man was a genius, so it's no surprise he had a lot of ideas bouncing around in there. But even if he may have said some off handed things for ideas, as any creative-type knows, a lot of brainchildren are never born. Let's take a look at how Steve Jobs' last wishes are coming along.


Coulda, woulda, shoulda: Other big tech debuts

A man looks at his Apple iPad in front an Apple logo outside an Apple store in downtown ShanghaiThis is a good time to compare the giant social network with some of the other well-known tech outfits of the modern day, such as Google (GOOG), Microsoft (MSFT) and Apple (AAPL).


John Edwards facing toughest vote of his life

John Edwards Facing Toughest Vote of LifeJohn Edwards is facing the biggest vote of his life as the case against the former president candidate was given to the North Carolina jury this morning.


Tale of the tape: Google versus Facebook

Facebook is the hottest Internet company to hit the stock market since Google went public in 2004. The Silicon Valley companies, located seven miles apart, also happen to be locked in a bitter battle for Web surfers' allegiance and online advertisers' money. The duel is likely to intensify now that the IPO has given Facebook Inc.'s social network billions of dollars to battle Google Inc.'s dominant search engine.

Facebook debut is modest, high volumes cause problems

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.


What Kind of 'Mansome' Mustache Are You?

[More from Mashable: Reddit, Tumblr Founders Slam and Cheer Facebook IPO]

A debate: Should you jump in on Facebook debut?

A television photographer shoots the Like sign outside of Facebook headquarters in Menlo Park, Calif., Friday, May 18, 2012. Facebook CEO Mark Zuckerberg symbolically opened trading on the Nasdaq stock market inside Facebook headquarters in Menlo Park. Facebook stock is starting trading today, available to the general public for the first time. The social networking site, which was started in a college dorm room eight years ago, would be valued at more than $100 billion according to the price set for shares ahead of today's trading. (AP Photo/Paul Sakuma)Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy.


A debate: Should you jump in on Facebook debut?

A television photographer shoots the Like sign outside of Facebook headquarters in Menlo Park, Calif., Friday, May 18, 2012. Facebook CEO Mark Zuckerberg symbolically opened trading on the Nasdaq stock market inside Facebook headquarters in Menlo Park. Facebook stock is starting trading today, available to the general public for the first time. The social networking site, which was started in a college dorm room eight years ago, would be valued at more than $100 billion according to the price set for shares ahead of today's trading. (AP Photo/Paul Sakuma)Facebook begins selling stock to the public Friday in the most talked-about market debut in years. Two Associated Press business writers are debating whether the stock is a smart buy.


Funny letter from Ronald Reagan to seventh-grader resurfaces

An amusing letter from former President Ronald Reagan in response to a 13-year-old boy's request for disaster relief funds to clean up his room is making the rounds again on social media, thanks to a blog writer. Shaun Usher of Letters of Note tweeted the classic correspondence. Seventh-grader Andy Smith from Irmo, South Carolina, wrote [...]

Obama Campaign Posts Everything You Need to Know About Voting

One key to running a successful political campaign is voter registration. Campaign staff on both sides of the aisle run voter registration drives at all sorts of real-world events -- county fairs, baseball games and town festivals, just to name a few.

Obama Campaign Posts Everything You Need to Know About Voting

One key to running a successful political campaign is voter registration. Campaign staff on both sides of the aisle run voter registration drives at all sorts of real-world events -- county fairs, baseball games and town festivals, just to name a few.

Road to IPO: Milestones in Facebook's history

Key developments in the eight years since Facebook Inc.'s creation:

Ex-Yahoo CEO Thompson leaves F5 Networks' board

(Reuters) - Networking gear maker F5 Networks said former Yahoo Inc CEO Scott Thompson has resigned from its board of directors, effective immediately. Thompson stepped down as Yahoo chief last week, 10 days after activist investor Daniel Loeb accused him of padding his biography by faking a computer science degree. Yahoo did confirm Loeb's allegations, calling the discrepancy in the education records an "inadvertent error." F5 did not cite a reason for Thompson's exit. He had been an independent director on F5's board for 4 years. ...

Facebook stock jumps in public debut

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, applauds at the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)Facebook is updating its status to "public company" as its stock jumps in its debut on the Nasdaq Stock Market.


Romney’s VP vetting process has begun

Mitt Romney Has a John Kerry MomentMitt Romney's campaign has begun the vetting process to find a suitable running mate, a source close to the campaign told The Hill's Alexander Bolton: The team for Beth Myers, the Romney adviser leading the search for the GOP's vice presidential nominee, has already contacted potential running mates.


Facebook stock jumps 10 percent in public debut

Facebook stock is rising more than10 percent in the world's biggest online social network's debut as a publicly traded company.

Is Your Side Business Legal?

Nellie Akalp is the CEO of CorpNet.com, an online legal document filing service, where she helps entrepreneurs incorporate or form an LLC for their new businesses. Connect with Nellie on Twitter or visit her free resource center.

Facebook set to begin trading after $16B offering

The Facebook logo appears on a display inside the NASDAQ Marketsite in Times Square Thursday, May 17, 2012, in New York. Facebook priced its IPO at $38 per share on Thursday, at the high end of its expected range. If extra shares reserved to cover additional demand are sold as part of the transaction, Facebook Inc. and its early investors stand to reap as much as $18.4 billion from the IPO. (AP Photo/Frank Franklin II)Facebook is about to find out just how much status updates, puppy photos and billions of "likes" are worth on Wall Street, with CEO Mark Zuckerberg ringing the Nasdaq Stock Market opening bell Friday morning from company headquarters a continent away.


Facebook IPO: Will You Still Love it Tomorrow?

COMMENTARY | The last and final stage of Facebook nirvana is to be Mark Zuckerberg on the day of the multi-billion dollar Facebook IPO. I've reached the penultimate stage of Facebook nirvana. I deactivated my account two years ago and deleted it one year ago.

Highlighting the Positives of Facebook in a Sea of Negative Publicity

COMMENTARY | As Facebook opens for public trading, it has thrust the website into media spotlight once again. This means that articles, such as one about people who brush off the popular social media site from the Associated Press, like to push the negative side of the site into focus. But that isn't all! In my regular scan of headlines, I caught another article about embarrassing Facebook apps and yet another about how criminals can use Facebook to victimize you.

Yahoo shares climb on report Alibaba deal near

The Yahoo! offices are pictured in Santa Monica(Reuters) - Yahoo Inc shares rose as much as 6.7 percent on Friday after a report that it was close to selling part of its valuable stake in the Alibaba Group. Shares of Yahoo climbed as high as $15.87 before easing to $15.64, up 5.2 percent. Yahoo and Alibaba Group, the Chinese Internet group that runs e-commerce site Alibaba.com, are close to an agreement that could happen as soon as Monday, according to a report in All Things D, citing unnamed sources.. Yahoo would sell one-half of its 40 percent stake back to Alibaba. ...


Advice to would-be Romney running mates: Run for the hills

FILE - In this May 11, 2012, file photo, Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks during a campaign stop at Charlotte Pipe and Foundry Company in Charlotte, N.C. The early border skirmishes of Campaign 2012 are reviving questions about one candidate's former pastor and shining a spotlight on the other's high school hijinks. Can a fresh round of questions about President Barack Obama's birth certificate be far behind? (AP Photo/Jae C. Hong, File)Nothing is easier to mock in politics right now than the apparent reluctance of leading Republicans to sign on as Mitt Romney’s second banana. A few weeks ago, Jon Stewart summarized the way that Rob Portman was plugging his Senate colleague Marco Rubio, who in turn was passing the baton to Jeb Bush, with the line, “Doesn’t anyone want the rock in crunch time?”


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