F1 may delay IPO after 'that problem with Facebook'Formula One supremo Bernie Ecclestone on Friday indicated that a planned flotation of the sport on the Singapore stock exchange may have to be delayed due to the global economic crisis.
The Small Investors Who Lost Big on Facebook's IPOA Big Guy v. Little Guy narrative has emerged from this post-Facebook IPO fallout. We already know about the Big Guy -- Facebook and its underwriters -- but now we're starting to hear what those little guys have to say.
Priest apologizes for unholy language on FacebookA British priest has apologized for some unholy language on his Facebook page, his bishop says.
NJ postpones vote on social media measuresNew Jersey lawmakers have postponed a vote on measures prohibiting employers and schools from requiring current or prospective employees or students to disclose social media user names or passwords.
Facebook market makers' losses total at least $100 million(Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ...
Exclusive: Fidelity facing "thousands" hit by Facebook woesBOSTON (Reuters) - Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook Inc's much-anticipated initial public offering, according to a source familiar with the situation. The social media site's IPO has been steeped in controversy since it started trading last Friday. Almost a week later, many investors have found that their orders for Facebook were not executed at the prices they thought, said advisers, who declined to be identified because they are not allowed to speak to the press. ...
Facebook fallout: Silicon Valley won't snub Morgan StanleySAN FRANCISCO/NEW YORK (Reuters) - Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco. It could be said that playing a role in botching the world's biggest tech initial public offering would be enough to kick its lead banker out of the club, or at least to the curb, but a tarnished image hasn't necessarily dented Morgan Stanley's position as a go-to underwriter for Silicon Valley, according to bankers, venture capitalists and start-ups. ...
Obama Campaign Gets Wise to GOP Twitter TricksTwitter is, traditionally, where politicians can go for quick, spontaneous interactions with constituents, because it's truly a democratic forum -- tweets by the people, for the people, arrive in real time. But those expecting such a spontaneous exchange with President Obama when he announced a seemingly impromptu Twitter Q&A on Thursday night were sorely disappointed to find the questions cherry-picked earlier by White House staff.At 4:28 p.m. ...
UAE women's Twitter campaign against skimpy dressThe UAE may be the Gulf's most liberal Arab state but two local women have caused a stir with an online campaign against the "repulsive" habit of Western women to reveal too much flesh in public.
Facebook introduces standalone Camera mobile appAfter its acquisition of virally popular photo filter app Instagram, Facebook has taken the wraps off its own standalone camera application.
Obama and Romney Go Head-to-Head on Twitter [INFOGRAPHIC]One of the battles in the war for the White House is being fought on Twitter. It's common knowledge that Obama's beating Romney hand-over-fist in followers: the president has more than 15 million followers, compared to Romney's half-million. However, the number of social followers alone doesn't mean much -- instead, the key to waging a successful political campaign on Twitter is engagement.
2K Games Looks Beyond Twitter, Facebook for Customer OutreachThe community and customer service teams at 2K Games are committed to reaching out to the company's audience, even if it means facing unhappy customers head-on.
Twitter index: Kylie 'Timebomb' video, Justin Bieber 'Die In Your Arms' single, Facebook CameraMicrobloggers are furiously tweeting “#KylieTimebomb” after Australian pop star Kylie Minogue teased that she would post a link to her new single and accompanying music video “Timebomb” if they kept on tweeting.
Facebook Camera and Two Other Stories You Need to KnowWelcome to this morning’s edition of “First To Know,” a series in which we keep you in the know on what’s happening in the digital world. Today, we’re looking at three particularly interesting stories.
Exclusive: Fidelity facing "thousands" hit by Facebook woesBOSTON (Reuters) - Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook Inc's much-anticipated initial public offering, according to a source familiar with the situation. The social media site's IPO has been steeped in controversy since it started trading last Friday. Almost a week later, many investors have found that their orders for Facebook were not executed at the prices they thought, said advisers, who declined to be identified because they are not allowed to speak to the press. ...
Citadel lost $30 million in Facebook fiasco: sourceNEW YORK (Reuters) - Citadel Securities' market-making business lost around $30 million due to Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. stock exchange, a source with knowledge of the situation said on Thursday. The losses at Citadel Securities, which has assets under management of around $1 billion, are in line with losses at Knight Capital Group, which said on Wednesday in a regulatory filing it suffered a pre-tax loss of $30 million to $35 million. ...
New Yorker mag serialize Egan story on TwitterPulitzer Prize-winning author Jennifer Egan's latest New Yorker magazine story is being serialized on Twitter.
Morgan Stanley adjusting some Facebook trades(Reuters) - Morgan Stanley will adjust thousands of trades to ensure outstanding limit orders to sell will be filled at no more than $42.99 a share for Facebook stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, according to several who listened to the call. Morgan Stanley said that limit orders to sell shares at $43 or higher that have not yet been processed because of glitches at Nasdaq will be settled over the next few days at less than $43. Fewer than one million shares traded in a two-minute period on the opening day above $43. ...
Cory Booker hits back at critics via Twitter: ‘Sorry I make u sick'Newark, N.J., Mayor Cory Booker has apparently had enough of saying he's sorry this week.Under fire since Sunday after an appearance on NBC's "Meet the Press" during which he said attacks from President Barack Obama's re-election campaign over Romney's time at Bain Capital were "nauseating," Booker lashed out on social media Thursday night, writing on his Twitter account, "Sorry I make u sick. And sorry I made a mistake. I'm sorry that 15 seconds on MTP erodes my 20 yrs of work in inner cities around our nation. ...
Facebook launches Camera app for iOSFacebook on Thursday announced “Camera for iOS,” a new mobile app that intends to make uploading and viewing Facebook photos faster and easier. The app features Instagram-like filters and unlike Facebook’s current mobile app, Camera for iOS allows users to upload multiple photos at once. It remains to be seen how Facebook’s new app will impact Instagram, which the company acquired for $1 billion last month. Facebook’s Camera for iOS is available now on the Apple’s App Store. Read
Facebook market makers' losses total at least $100 million(Reuters) - Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders. A technical glitch delayed the social networking company's market debut by 30 minutes on Friday and many client orders were delayed, giving some investors and traders significant losses as the stock price dropped. The exchange operator is facing lawsuits from investors and threats of legal action from brokers. ...
Morgan Stanley may refund some Facebook investorsMorgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
Facebook launches iPhone camera appFacebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for the iPhone.
Morgan Stanley making Facebook adjustments: source(Reuters) - Morgan Stanley will adjust thousands of trades to ensure no limit orders will be filled at more than $43 a share for Facebook stock from last Friday's botched initial public offering, the firm told its brokers on Thursday, a person familiar with the call said. The source, a broker who could not speak for attribution, said the firm again insisted that the trading problems were Nasdaq-related. (This story is corrected to reflect nature and timing of orders being adjusted) (Reporting By Ben Berkowitz; Editing by Gary Hill and Phil Berlowitz)
Morgan Stanley still has Facebook issues: sourceNEW YORK (Reuters) - Morgan Stanley continues to work through trade orders placed on Friday by brokerage customers in Facebook Inc during the social networking company's IPO, two people familiar with the situation said on Thursday. Morgan Stanley Smith Barney, an affiliate unit of Facebook lead underwriter Morgan Stanley, did not receive from the Nasdaq stock market information about stock trades in a "systematic, orderly way," said one person, who was not authorized to speak publicly on the matter. Nasdaq said it had all orders, executed or not, returned to member firms by 1:50 p.m. ...
Social media giving sports fans greater power both on and off the fieldQUEBEC CITY, Que. - Jumping on the Twitter bandwagon was a scary experience for Geoff Molson.
Facebook makes mobile move after IPO flopFacebook released a "camera" application Thursday that lets people take Instagram-style pictures that can be shared with iPhones.
Facebook Camera App: This Is Why Instagram was Worth $1 BillionInstagram's jaw-dropping $1 billion price tag became a lot more understandable on Thursday with the release of Facebook Camera for iOS.
Exclusive: Fidelity facing "thousands" hit by Facebook woesBOSTON (Reuters) - Fidelity Investments said it was working with "thousands" of brokerage clients affected by trading issues that have engulfed Facebook Inc's much-anticipated initial public offering, according to a source familiar with the situation. The social media site's IPO has been steeped in controversy since it started trading last Friday. Almost a week later, many investors have found that their orders for Facebook were not executed at the prices they thought, said advisers, who declined to be identified because they are not allowed to speak to the press. ...
Citadel lost $30 million in Facebook fiasco: sourceNEW YORK (Reuters) - Citadel Securities' market-making business lost around $30 million due to Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. stock exchange, a source with knowledge of the situation said on Thursday. The losses at Citadel Securities, which has assets under management of around $1 billion, are in line with losses at Knight Capital Group, which said on Wednesday in a regulatory filing it suffered a pre-tax loss of $30 million to $35 million. ...
What You Can Learn from Facebook's IPOI fielded many inquiries about the Facebook IPO from clients and readers of my books last week. They all had the same question: Should I buy the stock? I gave them all the same answer: No.
Nasdaq caused $35 mn loss in Facebook IPO: brokerA New York broker has asked Nasdaq to compensate it for up to $35 million in losses on the Facebook initial public offering due to the market's computer problems on the first day of trade.
Life goes on after IPO: Facebook launches camera app for iPhoneNEW YORK, N.Y. - Facebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for the iPhone.
New Facebook Integration Shows What Your Friends Are Learning[More from Mashable: One Million E-Books Headed to Africa With FC Barcelona’s Help]
Obama Takes Twitter QuestionsPresident Barack Obama is no stranger to Twitter; he held his first Town Hall on the microblogging network, at the White House complete with Master of Ceremonies Jack Dorsey, just under a year ago.
Why Did Facebook Just Clone Instagram?If Facebook bought Instagram so it didn't have to compete with it, why did the social network just put out a photo-sharing app just like Instagram?
Facebook executive ducks questions about IPO debacleBOSTON (Reuters) - Facebook Chief Operating Officer Sheryl Sandberg spoke to Harvard University students in her first public appearance since the company's disappointing initial public offering, but refrained from addressing the controversy around its messy, glitch-plagued debut. Instead, Sandberg urged students graduating this week from Harvard's business school to work for fast-growing companies, communicate honestly and address inequality in the workplace. ...
Meet The Facebook Conscientious ObjectorsNow that Facebook's a big nasty corporation, it's not only attracted a lot of bad press, it's inspired more direct action. In the run-up to the IPO and its messy aftermath we've read a few declarations of expatriatism, including one today from The New Yorker's Steve Coll. In no way does this indicate a coming mass exodus. These people aren't starting movements, rallying the people of the Internet like Quit Facebook Day tried (and failed) to do back in 2010. ...
Facebook Stock Jumps as Analysts Call for Better IPO RulesStock Rises as Questions Remain for Underwriters
Strauss issues Twitter warning after Pietersen rowEngland captain Andrew Strauss issued a warning to his squad on Thursday regarding the dangers of Twitter after Kevin Pietersen's latest spat on the social networking site.
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