$FB is still stuck at $26.25, way down from its $38 IPO price, but it’s made important progress since going public a year ago. Daily users up 26%, mobile monthly users up 56%, and revenue up 38% are some highlights. It’s running out of people to sign up in the developed world, but with this growth and no serious competitor in sight, it’s survived its hardest year yet. → Read More
When Twitter or Dropbox go public, they should remember May 18, 2012. The SEC has just approved NASDAQ’s pay out of $62 million to investors burned when the stock exchange’s trading systems broke down during Facebook’s IPO last spring. Total losses for investors were pegged at $500 million by the Wall Street Journal, though. The debacle should push companies eying big IPOs to look at other… → Read More
Editor’s note: Glenn Kelman, is CEO of Redfin, a technology-powered real estate broker, backed by Greylock Partners and Madrona Venture Group, with more than $7 billion of home sales. He previously co-founded Plumtree Software, which had a 2002 IPO. He writes a quarterly column on Silicon Valley real estate for TechCrunch.
When Michael Arrington calls, you answer. Even if you’re perusing… → Read More
Ignore us. Ignore the pressure from the media and Wall Street to make more money now as lockups expire and your stock price dips to new lows. The only thing you need to remember is “Facebook was not originally created to be a company. It was built to accomplish a social mission — to make the world more open and connected.” That’s your leader Mark Zuckerberg in his pre-IPO letter to the… → Read More
If Facebook’s share price continues to plummet, it’s going to have a lot tougher time signing and retaining the top talent who can answer its big questions. It needs more revenue, or at least clear ways of generating it to persuade investors. But payments aren’t growing anymore, and its current ads aren’t enough.
It can’t wait to set the money-making wheels in motion. It needs decisive… → Read More
NASDAQ had a choice. When its systems buckled under the titanic volume of Facebook IPO share orders, it could have pushed back trading a day, or at least recommended as much to Mark Zuckerberg and company.
But as the IPO’s scheduled time passed, NASDAQ made a cavalier decision to stumble forth on broken legs, pretending like little was wrong rather than halt trading as brokers asked. There… → Read More
With a wedding ring on his finger and his company public, is Mark Zuckerberg ready to make Facebook produce more profits, not just more social connections?
His fanfare-less marriage to long-time girlfriend Priscilla Chan this weekend would seem to indicate he won’t be getting too distracted by family life. But just before Facebook IPO’d on Friday, he announced on stage that “Our mission isn’t… → Read More
Just after the markets closed on its first day of public trading, Facebook amended its S-1 with a complete prospectus detailing how much stock each underwriter got to sell. Morgan Stanley, the lead-left bank, received 162.1 million shares ($6.15 billion worth) followed by J.P. Morgan with 84.8 million ($3.22 billion), and Goldman Sachs pulled down 63.1 million shares ($2.4 billion). → Read More
Mark Zuckerberg’s remote ringing of the opening bell and Facebook’s initial stock trades were a bit anti-climactic in person at the NASDAQ Marketsite in New York City, as we’ve written — NASDAQ is a digital exchange after all, so there’s not too much to see visually.
But being there was still a great opportunity to talk all things Facebook with David Kirkpatrick, the NYC-based founder of… → Read More
The underwriters of Facebook’s $16 billion debut on NASDAQ fought to the finish to keep the company’s shares above last night’s final price of $38 a share. Shares closed at $38.23 today. Sources tell us that the syndicate of banks underwriting the deal have been putting in buy orders to keep its price afloat. For Facebook itself, it’s actually a great outcome as the company didn’t leave any money… → Read More
Facebook’s CEO Mark Zuckerberg received a commemorative hoodie from the NASDAQ CEO Bob Greifeld and thanked his site’s users in opening remarks recorded before he rang the NASDAQ opening bell this morning.
In his short speech which you can watch below, Zuckerberg said:
“I just want to say a few things, and then we’ll ring this bell and we’ll get back to work. Right now this all seems like a… → Read More
Why is there nothing but Facebook IPO news today, you (Facebook haters) may be asking? Well, outside of the obvious – people are obsessed, this is a historic event, it’s the biggest tech IPO over, etc., etc. – there’s another reason why all the news outlets are publishing Facebook this and Facebook that today. It’s because everyone else is holding their news for a later date….the result of… → Read More
Today’s Facebook IPO is a momentous, historical occasion. It’s set to be the biggest tech IPO ever, and the third largest IPO in U.S. history, second only to Visa and General Motors. The company that was once just a glimmer in the eye of a Harvard student named Mark Zuckerberg raised over $16 billion yesterday as shares were gobbled up by hungry investors, and that $38 share price point is… → Read More
This is awesome. At 9:30 AM ET, Facebook CEO Mark Zuckerberg posted what’s bound to be a historical status update to his Facebook Timeline. The post simply reads: “Mark Zuckerberg listed a company on NASDAQ. — with Chris Cox and 4 others.” You can read the whole story right here from the engineer who rigged up the auto-post: “How Facebook Hacked The NASDAQ Button” → Read More
Editor’s note: Some savvy Facebook engineers rigged the NASDAQ button to automatically post “Mark Zuckerberg has listed a company on NASDAQ – FB” to the CEO’s Timeline as he rung the bell to open the NASDAQ’s day of trading. David Garcia, a senior software engineer at Facebook, explains how they turned the NASDAQ on to Open Graph.
It was a normal Monday. Nothing out of the ordinary other… → Read More
Social finance site TradingView, which launched in September of last year, is rolling out a new feature just in time for the Facebook IPO (c’mon, you knew there would have to be at least one story about “just in time for the Facebook IPO” today, right?). But anyway, this one seems relevant at least: TradingView is launching interactive real-time chatting on its site, which lets users talk about… → Read More
Facebook will be the largest tech IPO in history today as the company and its early shareholders raise $16 billion. There is also an allotment for them to sell up to $2.4 billion more in the next 30 days. We’ve made a couple of charts to show how it compares to other historical IPOs, according to NASDAQ data. Then we also have historical price data from SecondMarket, which is a private secondary… → Read More
You can watch here on TechCrunch or on the NASDAQ website as Facebook CEO Mark Zuckerberg made history this morning ringing the bell to open the day’s trading on the NASDAQ from Facebook’s headquarters just before his company’s IPO. The ceremony didn’t include Zuckerberg giving a speech or any remarks. However, he did sign the NASDAQ bell’s touchscreen “To a more open and connected world”. → Read More
Facebook knows what’s best for you, sometimes before you do. That’s the meaning of a new “Likers Gonna Like” inspirational mini-poster printed by the Facebook Toronto Office. If you don’t approve of something Facebook’s doing, fine, there’s millions of other people who do. And just as with the launch of the news feed, if you hate some change to the Facebook interface, wait a few months, and you’ll… → Read More
With Facebook announcing its ballsy stock price of $38 yesterday and all eyes now on what will happen with the social network when it finally goes public today, a new trading platform in Hong Kong, 8 Securities, is seizing the moment to boost its own profile by offering customers US$200 of Facebook shares if they sign up to trade on 8 Securities’ trading platform in the next month.
The offer… → Read More
Tomorrow Facebook will sell shares in one of the biggest tech IPOs in history. New investors will gobble up the stock to get a piece of the global phenomenon famously started in Mark Zuckerberg’s dorm room in 2004. But while owning the stock will have quantifiable value when it trades on the open market, few buyers will be able to say truthfully that they understood the value of the company just… → Read More
If there’s something on Facebook that won’t stop pinging you with Notifications, tell it to shut up instantly with Facebook’s new granular, in-line notification controls. Hover over an alert in the Facebook.com homepage’s globe icon drop-down and click the ‘x’ for the option to turn off notifications from that app, group, event, or post you commented on. The whole drop-down has a slick new look… → Read More
Facebook’s $38 share price would make its deal to buy Instagram worth nearly $1.2 billion, up from the roughly $1 billion price the company announced in April.
That’s a nice little bump, but the deal hasn’t gone through given regulatory reviews. On top of that, we don’t know the restrictions on the shares like when they vest or if they’re subject to a lock-up period. When Facebook agreed to… → Read More
Angel investor and all-around web magnate Chris Sacca wrote a quick tweet early yesterday about how it’d be cool if there was a website where people could predict where Facebook’s stock will end up at the end of its first day as a publicly traded company.
Well, ask and ye shall receive.
A programmer named James Proud answered the call, hacking together FacebookIPODayClosingPrice.com, a fun… → Read More
Facebook shares will start trading at $38 tomorrow, the company confirmed in a release, giving it a valuation of $104.12 billion. Facebook and its early shareholders will raise just over $16 billion in tomorrow’s much anticipated IPO.
At a $104 billion valuation, Facebook is worth more than any other tech IPO candidate at the time of its offering. It also perfectly matches what Facebook… → Read More
Tiny sidebar and news feed ads aren’t going to cut it. If Facebook wants to live up to a $104 billion valuation it will need bold new revenue streams. An offsite ad network, big glossy news feed ads, and payments for physical goods are a few ways it could boost its average revenue per user far beyond the puny $4.34 a year it earns today.
Facebook has a tough decision to make now that’s going… → Read More
Facebook is nearing a billion users, but what could topple the big blue giant? Government intervention, the shift to mobile, and a loss of “cool” all have the power to violently disrupt the social network, or at least cause it to lose its strong grip on the market.
Here’s a countdown of the four things that could ruin Mark Zuckerberg’s dream of a single site that connects the world. → Read More
General Motors plans to stop advertising on Facebook, says The Wall Street Journal according to “people familiar with the matter.” But I spoke to a source close to Facebook that characterize GM’s efforts as “taking one swing and deciding to quit.” My source says GM’s efforts weren’t social enough, focusing on building apps rather than launching social ad campaigns that spread by… → Read More
Facebook has just closed a deal to hire the all the employees (except for one) from Android photosharing app developer Lightbox, which should reduce worries that mobile will be its downfall. The Lightbox Photos app developed by the 500 Startups company automatically created personal photo blogs from a user’s uploads. But now it will be shut down, has already been stripped from Google’s Play… → Read More
Everyone wants a piece of Facebook, so the company’s underwriters will likely exercise their option sell a “greenshoe” of up to 50.6 million additional shares, and Facebook will definitely increase its IPO share price range from between $28 and $35 to $34 and $38, I’ve confirmed with sources very close to the IPO. This means Facebook could sell up to 388 million shares to raise between $13.1… → Read More
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
Disrupt Europe: Berlin Hackathon
Berlin, Germany
San Francisco
