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Facebook’s stock market debut left founder and CEO Mark Zuckerberg with a paper fortune currently valued at $13 billion — and a 2012 tax bill of around $1.1 billion. Zuckerberg’s whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of Facebook’s initial public offering, Zuckerberg exercised a stock option and purchased 60 million Facebook shares at a “strike price” of 6 cents [...] How to Invest Like a Merchant Bank in High-Risk Resources: Rick Winters Source: Brian Sylvester of The Gold Report (1/11/13) It is difficult for retail investors to sift the wheat from the chaff in the junior miner sector. In this interview with The Gold Report, Rick Winters reveals how RMB Resources, a resource merchant bank, figures out what projects to invest in and those to pass over and talks about some of [...] Manchester United United may have got off to a solid start on the field this season, but increasing numbers of investors are taking a less positive view of the club’s performance off the field.
Almost 11pc of the shares sold in Manchester United’s controversial $2.9bn (£1.8bn) flotation last month are now in the hands of investors looking to profit from a slide in the company’s stock – so called shorting – [...] Here’s one little bit from Facebook’s initial public offering that it looks like we missed, but were reminded of last night: Facebook spent about $700,000 on private charter flights for CEO Mark Zuckerberg.
It’s not like Zuckerberg is jet-setting, though. The flights are private because the intent is to keep Zuckerberg, the CEO of a company whose service is used by nearly a billion people, safe from stalkers and other kinds of crazy. This [...] Three months after Facebook’s troubled launch as a publicly traded company, its troubled stock faces another challenge Thursday when millions more shares could flood the market and add downward pressure to a stock that already has lost nearly half of its initial public offering price. The social media giant has fallen about 45 percent below its initial public offering price of $38, but with the possibility of another 268.1 million shares set [...] TREASURY TO OFFER $4.5 BILLION OF AIG COMMON SHARES Full release: American International Group, Inc. (AIG) today announced that the U.S. Department of the Treasury (Treasury) has launched an offering of $4.5 billion of its AIG common stock, par value $2.50 per share (AIG Common Stock). The Treasury will also grant a 30-day option to the underwriters for the offering [...] An automated stock-trading program accidentally flooded the market with millions of trades Wednesday morning, spreading turmoil across Wall Street and drawing renewed attention to the fragility and instability of the nation’s stock markets. While the markets quickly recovered, it was the latest black eye for the financial markets and suggests that regulators have not been able to curb the market disruptions that have led to frequent halts in trading and wild [...] The impact of China’s slowdown and has been impacting corporate profits.
And Chinese cement company Dongwu Cement, which had its initial public offering just 49 days ago, has already issued a profit warning. Patrick Chovanec alerted us to the company that is expected to report a first half loss. The company’s prospectus at the time of the IPO showed that declining fixed asset investment in the country would see demand for cement decline, impacting prices. With Beijing dead set [...] In the wake of Facebook’s botched initial public offering and subsequent stock decline, pressure is building for CEO Mark Zuckerberg to post solid results when the social giant reports second quarter earnings on Thursday. For a 29-year old wunderkind who’s had a notoriously ‘disruptive’ relationship with Wall Street, it likely won’t be an easy task. The first potential stumbling block: Accounting. The company will incur a massive charge as it lifts restrictions on employee stock in [...] Lord knows we’ve had more than enough scandals ginned up by Wall Street over the years, and the message that banking executives proclaim after each is: “Don’t worry, we’ve learned that lesson, and it will never happen again.” Which is how we got to the recent spectacle of Jamie Dimon, the chief executive officer ofJPMorgan Chase & Co. (JPM), testifying twice before Congress that although the bank’s chief investment office was taking [...] J. D. Heyes Have you ever been “tagged” by someone – a friend, a co-worker, or perhaps someone you don’t really know that well but who may be a friend of a friend – on Facebook? You may want to rethink that whole concept, thanks to a little purchase the social media giant made recently. Facebook has purchased Face.com’s facial recognition technology, which techies say will make it faster [...] Facebook Inc. FB +2.92% went public last month on its prospects for growth. But in some key areas, the social network’s growth rates are already maturing. In particular, Facebook’s user growth rate in the U.S. is slowing sharply. In April, U.S. unique visitors to the website increased to 158 million, up just 5% from a year earlier, according to research firm comScore Inc. That was Facebook’s lowest U.S. user growth rate since comScore began tracking the [...] A group of small shareholders in Spain’s bailed-out Bankia will add to a growing flurry of legal claims against the bank with a civil claim next week, as they seek compensation for investments that have been all but wiped out. … About 400,000 small shareholders bought the stock, while around 100,000 others ended up with preference shares as savings products. Many now claim key information about the state of the bank could [...] CNBC.com | June 05, 2012 | 05:06 PM EDT
Morgan Stanley, the lead underwriter for Facebook’s initial public offering, has started lending out shares of the social network to short sellers, according to sources who spoke with CNBC. Morgan Stanley now joins the two other top underwriters, JP Morgan Chase and Goldman Sachs, as a lender of the stock.
http://m.cnbc.com/id/47695838 The anger surrounding the sharp decline in the value of Facebook shares deepened yesterday when investors who have lost millions discovered that its founder apparently saved more than £110m by selling early. Mark Zuckerberg, the social network’s founder, sold shares in the company worth £720m on Friday, the day it floated on New York’s Nasdaq stock market. But the price plummeted soon afterwards, from the $38 a share (£23.95) at which [...] via Bloomberg:
Facebook Inc. (FB)’s initial public offering, plagued by trading errors and a 16 percent drop in the share price, will push more individual investors out of a stock market they already distrust after the financial crisis. “This is clearly the latest in a long string of events that is eviscerating the confidence investors have in the market,” said Andrew Stoltmann, a Chicago attorney who represents retail investors. “The perception is Wall Street jiggered [...] Reuters Securities regulators are looking into whether Nasdaq violated any technical exchange rules when it botched Facebook Inc’s market debut last week, according to people familiar with the matter. The review of potential technical violations is part of the Securities and Exchange Commission’s broader look at how Nasdaq handled its part of the initial public offering, including its decision to proceed with trading despite glitches, these people said. The SEC is also reviewing Nasdaq’s [...] via CNBC: Citigroup’s Automated Trading Desk (ATD) had trading losses of around $20 million stemming from Facebook’s botched initial public offering on Nasdaq OMX Group’s U.S. exchange, a source with knowledge of the situation said on Friday. The unit’s losses were in addition to claims by market makers Knight Capital Group and Citadel Securities, which each had losses of $30 million to $35 million. via CNBC: Amid all the challenges facing the markets — Greece, Facebook, JPMorgan — investors face an even larger potential problem: They soon could be running out of traditional safe havens for their money. Much has been made recently of how gold no longer offers its traditional buffer against financial turmoil, with the yellow metal in a sharp pullback since early March. But some strategists are beginning to worry that other places where investors are [...] A NEW YORK broker has asked Nasdaq to compensate it for up to $US35 million ($A36.01 million) in losses on the Facebook initial public offering due to the market’s computer problems on the first day of trade. Knight Capital said in a filing to the Securities and Exchange Commission late on Wednesday that it had submitted a claim to Nasdaq over losses related to Friday’s computer problems, which disrupted buy [...] |
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