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
A stock trader named David Miller with Rochdale Securities was arrested today on the grounds that he’d illegally purchased $1 billion in Apple stock, or 1.625 million shares on the day Apple released its quarter earnings in October. The idea was to do a quick sell-off when the stocks rose on Apple’s reported results, cash out and leave the firm’s cash reserves none the worse for wear. But that’s… → Read More
Facebook will replace Infosys on the NASDAQ 100 Index on December 12th, about seven months after its IPO, NBC is reporting tonight. The news followed Infosys’ recent announcement that it would be moving its listing to the New York Stock Exchange from NASDAQ in order to make its stock more available to international investors. → Read More
Apple is aggressively ramping up its iPhone 5 supply chain in order to make sure that customers looking for the smartphone can get their hands on it easily and quickly come the holidays, according to stock checks and supply analysis conducted by Piper Jaffray. The analyst conducted nightly checks of supplies at 100 Apple Stores in the U.S., and found stock levels continue to improve. → Read More
The good times can’t last forever. Eventually the music dies off, the balloons pop and everyone goes home.
Without sounding the hyperbole alarm, let’s look at the facts. Apple’s stock price has declined steadily since September 19, two days before the iPhone 5 was released. Shares are off 25 percent since September. The stock price closed at a six-month low today. The price is still up 30… → Read More
Facebook share prices are up today, with shares at 21.91, 10.32 percent above yesterday’s level. It represents a 4.6 billion market capitalization gain. Today the company is experiencing its biggest stock-lockup expiration, with 773 million Facebook shares (NASDAQ:FB) held by employees now eligible to be sold on the open market. Notably, 504 million shares held by Mark Zuckerberg are… → 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
Apple joined the illustrious $700 club today in after-hours trading. The list of stocks that have traded at or above that price per share includes only a few select companies, such as Google, which passed that mark earlier in September. The share price was likely driven up first by strong response to its opening of iPhone 5 pre-orders last Friday, and then by the news today that in fact, the… → Read More
Facebook’s stock just hit a new low and has now lost more than 50% of its value since the social network’s IPO in May. This new record low comes after analyst firm BMO Capital Markets cut its price estimate on the company’s shares from $25 to $15 today. Research firm eMarketer also just announced that it expects Facebook’s revenue for this year will remain under the company’s previous estimates. → Read More
Larry Page kicked off Google’s earnings call today with a run-down of his statements in the Founders’ Letter and some broad brushstrokes around the company’s new stock structure, which will see Google create a new class of shares, effectively a two-for-one stock split for existing shareholders.
As with the company’s original two-class voting structure, Page today reiterated that this new… → Read More
If you had bought Apple stock instead of an iPod back in 2001, you’d be about $10,000 richer. According to an assessment by Kyle Conroy, you’d be a few times richer if you bought Apple stock instead of Apple gear on day of launch. What does this say about us, as consumers? That we’re ravenous fools intent on spending ourselves into oblivion? Pretty much.
The highest bit of profit comes from the… → Read More
During the WWDC keynote today, shares of AAPL retracted lower as investors showed mixed feelings about the announcements. As of this story AAPL is down nearly 3 points, but not as bad as a few years before. → Read More
Robert “I like yogurt” Scoble interviewed Steve Jobs’ yogurt purveyor, asking him if the wizened CEO had been in lately. The answer? Yes. So Steve is well enough to eat yogurt. Smack 32 cents onto Apple’s stock price.
This frenzied speculation about Jobs is quite sad indeed. As we all know, Jobs is the driving force behind Apple’s innovation but, last time I checked, Apple has 32,000 employees… → Read More
It’s not that investors just love seeing Jobs and want to punish him for not gracing them with his presence. No! No Steve at Macworld implies no new hot products at Macworld. Although marketing VP Philip Schiller will be filling in for the shilling, the lack of Steve implies that it’s going to be pretty tame, and earnings expectations will be adjusted accordingly. Apple’s stock… → Read More
Apple’s shares took a little bit of a hit today, after a Wall Street analyst lowered his rating in the short term on their stock. The analyst said that while Apple is still strong, in the short term they may find it difficult to reach sales targets on the MacBook Pro, and the ever popular iPods. He also said that it’s appearing unlikely that Apple will release a new product at MacWorld… → Read More
If I had bought Apple stock back in 1985… AlleyInsider is reporting that AAPL is down to $110 – 14% – due to stock downgrades by Morgan Stanely and RBC. Why? Because folks aren’t buying stuff – it’s “the weakest [90-day electronics spending] ever seen” – and Kathryn Huberty points out that Apple isn’t in the sub-$1,000 laptop market where… → Read More
A minor update to Hickey’s “Apple shares hit $200” post from the other day: Apple is now the third most valuable technology company, right behind Microsoft and Google. Its market capitalization (yes, I had to look up what that means) is now around $174 billion, some $100 billion more than last year. And to think I got excited when Grandma sent me $50 for Christmas. Keep in mind… → Read More
Though it’s back down to $199.50, Apple’s stock was briefly over $200 a share earlier today, a first for the company. We’re expecting it to rise throughout the rest of the year, and to really ramp up the third week of January as it announces firsts in hardware and iPhone software at Macworld, which we’ll be at in force. And now, back to the infuriating rumors and poor… → Read More
Since the release of the Wii, it’s been near-impossible to find one at a local or online retailer. Now during the first month or three of a console launch, that’s understandable. But it’s almost May and it’s still hard as hell to find a Nintendo Wii in a store. Why is this? Shouldn’t Nintendo have bumped up production? Freakonomics has a nice article which examines… → Read More
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
San Francisco, CA
Berlin, Germany
