Apple shares (NASDAQ:AAPL) are currently trading down at $398.11, 6.6 percent below yesterday’s closing price of $426.24. It represents a stark downturn for the stock as well as a 16-month low. Earnings could be to blame as they are coming soon and investors are not sure what to expect. → 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
Shortly after market opening, Tesla shares (NASDAQ:TSLA) dropped 9.68 percent to 34.81 in the wake of yesterday’s earnings. The company disappointed investors as it reported a quarterly loss of $89.9 million, or 79 cents a share, compared with a loss of $81.5 million last year, or 78 cents a share. → Read More
Facebook announced in an SEC filing that founder and CEO Mark Zuckerberg now owns 29.3 percent of Facebook shares (NASDAQ:FB), up from a 28.2 percent stake on the day of the IPO. With 632.7 million shares currently trading at $28.50, it represents a bit more than $18 billion. → Read More
Today, Apple shares fell 6.43 percent to 538.79, which represents a $34.8 billion market cap write-off. Analysts have been looking for reasons for the drop all day long without finding a single one that stands out. They forgot about the long-term perspective.
During the past 12 months, Apple shares have been up 42.7 percent, mostly due to two new products, the iPhone 5 and the iPad mini. With a… → Read More
Today, Facebook shares (NASDAQ:FB) have jumped 5.28 percent, closing at 24.32. In fact, it represents a four-month high for Facebook, as shares have not traded at this level since the first lockup expirations. Last Wednesday, Facebook experienced its biggest lockup expiration. To everyone’s surprise, shares popped more than 10 percent in a few minutes. Today confirms that the worst has passed. → Read More
At market opening today, Facebook took another hit, with shares trading at 20.94, 5.02 percent below Friday’s level, the last day trades were made since Hurricane Sandy barreled over the East Coast. Today, 234 million Facebook shares (NASDAQ:FB) held by employees are now eligible to be sold on the market thanks to a stock-lockup expiration. → Read More
According to Reuters, the U.S. Stock Market will be closed on Monday due to interference that will be caused by the logistical nightmare that comes along with such a huge weather event like Hurricane Sandy. Parts of New York City have already been evacuated.
As early as six hours ago, it was said that the NYSE would not be closing down, but that decision has apparently been reversed as the… → Read More
Wall Street is responding with enthusiasm to Facebook’s earnings. Shares (NASDAQ:FB) are currently trading 22 percent above yesterday’s price. During the earnings call, the company announced that 14 percent of ad revenue are now coming from mobile ads. It is both a meaningful part of Facebook’s revenue and a shift investors were waiting for. → Read More
Google accidentally released its Q3 2012 earnings report far ahead of schedule today and is blaming the financial printer RR Donnelley for this mix-up. When the release first appeared on the SEC’s website (including a number of editorial comments), it was not clear if Google accidentally filed the report early or if this was on purpose, but a mid-day earnings release like this is highly unusual. → Read More
Less than a month after taking over Yahoo, Marissa Mayer is already sending strong signals of leadership to investors. Yet, the announcement of a new financial strategy led to a 5.37 percent downturn of YHOO today as the company played down dividend expectations.
Yahoo filed with the Securities and Exchange Commission that the strategy review “may lead to a re-evaluation of, or changes to, our… → 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
According to The New York Times, Facebook has picked the NASDAQ to list its shares in the company’s upcoming IPO in May. This is a huge win for the exchange, which has been battling the New York Stock Exchange for tech company listings over the past year.
Facebook, which will list its shares under the symbol FB, is set to be the largest public offering since Google, reports The New York Times’… → Read More
There’s a war going on in the tech world, and it doesn’t involve Google, Facebook, Apple, or Microsoft. In fact, the foes are not based in Silicon Valley, but rather in New York City. As the tech IPO market heats up, the New York Stock Exchange (NYSE) and the NASDAQ are battling it out for listings. NASDAQ is home to the tech giants like Microsoft, Apple, Google, Amazon, Oracle, Intel, eBay, Dell… → Read More
Reading the headlines a month ago, you would have thought Apple’s insane run in the stock market was over. “Apple Crunched in Nasdaq Rebalance,” read the key Wall Street Journal headline. But the reality of the situation was much calmer. And actually, Apple ended up a little ahead of where they were when the news first hit.
Here was the situation: because Apple’s stock had risen so quickly over… → Read More
We just noticed something in the App Store: An official app made by the National Association of Securities Dealers Automated Quotations (a.k.a. NASDAQ), the American stock exchange, has been approved. That itself is interesting, but perhaps even more interesting is a key functionality of the app is to highlight tweets about various NASDAQ stocks.
The free app is called NASDAQ Portfolio Manager [… → Read More
Oh, how far the mighty have fallen. If you remember, SCO was patent trolling back in the day over UNIX and Linux. They sued a number of folks, including IBM, and then sunk into the muck of late, losing cash as it went. In short, they were suing everybody who looked at their code wrong, ensuring a steady stream of work for their in-house lawyers. Now, however, their hard work has paid off and… → Read More
The National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange has launched a new internet only index, the NASDAQ Internet Index. The new index will track the performance of internet companies across the full spectrum of online activities, including ecommerce companies, ISP’s, search engines, web hosting and web design firms. The index will benchmark the… → Read More
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
Disrupt Europe: Berlin Hackathon
Berlin, Germany
San Francisco
