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Facebook Users Up, Revenue and Profits Down
Facebook, which is preparing for its IPO sometime this spring, released financial data for Q1 2012 today, and the numbers may be a bit concerning for potential investors. Even though revenue increased to $1.06
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Greenpeace Attacks Tech Giants for “Dirty Clouds”
Greenpeace recently posted its annual report on Internet companies and their energy consumption and are pointing the finger accusatorily at some large players in the internet space. The report criticizes companies like Apple, Microsoft, Twitter, and
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Facebook Acquires Instagram for $1 Billion
Facebook announced its agreement to buy the popular photo sharing app maker Instagram on Monday (4/9/2012) to the tune of $1 billion (with a “B”) in cash and stock. Facebook’s CEO and founder, Mark
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Zynga’s CEO To Sell 16% of Stock
Mark Pincus, Zynga Inc’s CEO, is conducting a sale of Class A shares that will decrease his ownership from 15.5% to 13%. If sold on Friday’s closing price, Mark will be walking away $220
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Google + is not so positive
Google + now has over 90 million users, however this is not a fair representation of how many people are actively using the site. Although there are millions of people signing up, they are
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Facebook’s Next Big Challange – How to handle the deaths of users
As more and more people continue to sign up on Facebook and online personas become more prevalent…a new issue arises: how to handle the death of a Facebook user. Current state laws which cover
Read More »The Facebook Billionaires and Millionaires
Facebook announced its $5 billion public offering Wednesday afternoon, which is expected to value the whole company at $75 billion to $100 billion.It is the largest internet IPO to date. Of course, the
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Zynga Shares Soar on Facebook IPO News
Zynga, the social network game developer behind mega hits like Farmville, Mafia Wars, and Zynga Poker, has seen its shares soar 15% in trading today in response to Facebook’s IPO filing yesterday. Zynga’s success
Read More »Facebook Files for $5 Billion IPO
It may have come after the closing bell, but yesterday’s reports were correct – Facebook has officially submitted paperwork with the Securities and Exchange Commission for an IPO in hopes of raising at least
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Facebook to File $5 Billion IPO on Wednesday
Facebook will file for a $5 billion IPO on Wednesday morning, according to a breaking news report from CNBC. It appears that last Friday’s reports of an expected Facebook IPO this week were indeed
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