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Results tagged “stock”
Media Descends On Facebook's Less-Than-Stellar Second Day Trading

Media Descends On Facebook's Less-Than-Stellar Second Day Trading

After closing 23 cents above its record-breaking IPO price of $38 on Friday, Facebook's stock dipped 11 to 13 percent to $33.87, at least as of early this morning. Patience will most likely prevail and the stock will grow over time. Naturally. But that didn't stop the heaps of schadenfreudian headlines and articles posted today. "Facebook stock plummets on second day of trading," screams San Jose Mercury News' headline. While Bloomberg made it sound like company CEO Mark Zuckerberg could be spare-changin' outside of Tu Lan, saying, "Mark Zuckerberg’s fortune dropped $2.2 billion as shares of Facebook Inc. (FB), the world’s largest social-networking company, fell below the company’s $38 offer price in its second day of trading." more ›

Hahaha: Zynga CEO Wants Employees to Return Stock

Hahaha: Zynga CEO Wants Employees to Return Stock

Zynga CEO Mark Pincus is funny. Why? Well, according to the Wall Street Journal, he wants his early employees to return some of the stock they own before the company's initial public offering. With games like FarmVille and Mafia Wars, the San Francisco-based company grew. Grew big. Billions of dollars big. However, now Pincus some of that sweet-nectar stock back. more ›

Apple Posts Most Profitable Quarter Ever

Apple Posts Most Profitable Quarter Ever

Lonely this Valentine's Day? Run out and find the nearest Apple stock holder, reserve a table at Gary Danko, leave your underwear at home, and plan on putting out. A lot. Because these guys are having the most profitable quarter ever. According to Associated Press, "The iPhone's rollout in several major new markets, including China and South Korea, helped fuel the company's nearly 50 percent jump in net income over the same period a year earlier." Revenue also reached an all-time high, leaping an astounding 32 percent. What's more, "Apple's numbers for the three months ended Dec. 26 reflect the company's ability to allure shoppers without deep cuts to its premium prices." (No kidding. The MacBook, however, is now available for a not-nearly-as-expensive-but-still-very-pricey-for-commoners $999.) This all comes on the heels of this week's iPad (iTablet? iRule? iGod?) announcement, happening on Wednesday, 1/27. more ›

Steve Jobs, the Rachel Zoe of Silicon Valley?

Steve Jobs, the Rachel Zoe of Silicon Valley?

Though not nearly as important as Rachel Zoe (obvi), Apple CEO Steve Jobs is facing some of the same criticism as Hollywood's most stylish heroine, namely his pin-thin stature. "I probably need to gain about 30 pounds," Steve Jobs told the New York Times after his Norma Desmond-like comeback at yesterday's iPod Nano reveal. And, yes, for better or for worse, Jobs looked rail-thin. But the reaction on Wall Street, where Apple stock ebbs and flows depending on Jobs' perceived health, is the reaction that matters. Valleywag pointed out today, "Such is the demanding CEO's importance to Apple, and shareholders must now weigh Jobs' still-gaunt look and scratchy voice against his characteristically enthusiastic delivery." Did anyone attend yesterday's Jobsian revival? If so, how did he sound? more ›

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