Showing posts with label IPO. Show all posts
Showing posts with label IPO. Show all posts

Monday, May 21, 2012

DTN News - TECHNOLOGY NEWS ~ FACEBOOK: Mark Zuckerberg’s And Priscilla Chan Tied The Knot

Asia News Report: DTN News - TECHNOLOGY NEWS ~ FACEBOOK: Mark Zuckerberg’s And Priscilla Chan Tied The Knot
Source: DTN News - - This article compiled by Roger Smith 
(NSI News Source Info) TORONTO, Canada - May 21, 2012: Facebook founder and CEO Mark Zuckerberg has updated his status to "married."

While all the media talk was about Facebook’s initial public offering, Mark Zuckerberg and his nine-year-old girlfriend Priscilla Chan secretly tied the knot on Saturday. According to Us Weekly, the couple spent the past five months preparing for the wedding, but they preferred not to mention anything because they wanted an intimate ceremony. 

Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home Saturday, capping a busy week for the couple.
This photo provided by Facebook shows Facebook founder and CEO Mark Zuckerberg and Priscilla Chan at their wedding ceremony in Palo Alto, Calif., Saturday, May 19, 2012. Zuckerberg updated his status to "married" on Saturday. The ceremony took place in Zuckerberg's backyard before fewer than 100 guests, who all thought they were there to celebrate Chan's graduation. (AP)
Facebook co-founder and CEO Mark Zuckerberg and Priscilla Chan are seen in this screengrab of a wedding photo posted on Zuckerberg's Facebook page May 19, 2012. Zuckerberg wed longtime girlfriend Chan on Saturday, announcing the nuptials through a status update on the social networking site. (REUTERS)
Facebook CEO Mark Zuckerberg and his girlfriend Priscilla Chan walk near Fuxing Road in Shanghai in this March 27, 2012, file photo. Zuckerberg wed longtime girlfriend Chan announcing the nuptials through a status update on the social networking site May 19, 2012. (REUTERS)
Facebook CEO Mark Zuckerberg and his girlfriend Priscilla Chan walk near Fuxing Road in Shanghai in this March 27, 2012, file photo. Zuckerberg wed longtime girlfriend Chan announcing the nuptials through a status update on the social networking site May 19, 2012. (REUTERS)
Facebook Founder and CEO Mark Zuckerberg, shown in this image from Reuters video, celebrates after ringing the NASDAQ Stock Market Opening Bell remotely from "Facebook" headquarters in Menlo Park, California, May18, 2012. Investors are bracing for Facebook's Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg rang the bell to kick off trading on the Nasdaq market at the company's Silicon Valley headquarters at 6:30 a.m. Pacific time. (REUTERS)
FILE- In this July 9, 2011, file photo, Mark Zuckerberg, president and CEO of Facebook, walks to morning sessions with his girlfriend Priscilla Chan during the 2011 Allen and Co. Sun Valley Conference, in Sun Valley, Idaho. On Saturday, May, 19, 2012, Zuckerberg and Chan tied the knot at a small ceremony at his Palo Alto, Calif., home, capping a busy week for the couple. (AP)
Facebook's Mark Zuckerberg loves wearing a hoodie just about everywhere, including on a December trip to China with girlfriend Priscilla Chan (second from right). (GETTY)
Facebook’s founder Mark Zuckerberg (2nd L) and his girlfriend Priscilla Chan (3rd R) holding flowers offered to them by local tourist officials during their private trip to Ha Long Bay in northeastern province of Quuang Ninh. They are on December 26, 2011 visiting the northern mountainous tourist site of Sapa, according to local media saying the couple received a two-week long Vietnamese tourist visa. (AFP)

*Link for This article compiled by Roger Smith ~ DTN News
*Speaking Image - Creation of DTN News ~ Defense Technology News 
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News Contact:dtnnews@ymail.com 
©COPYRIGHT (C) DTN NEWS DEFENSE-TECHNOLOGY NEWS
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Friday, May 18, 2012

DTN News - TECHNOLOGY NEWS: Facebook Stock ~ First-Day Of Trading Not For The Faint Of Heart

Asia News Report: DTN News - TECHNOLOGY NEWS: Facebook Stock ~ First-Day Of Trading Not For The Faint Of Heart
(NSI News Source Info) TORONTO, Canada - May 18, 2012: Shorting the Facebook IPO on its first day of trading is not for the faint of heart, but some traders are trying.

As the hottest initial public offering in recent memory, Facebook has drawn 1990s-style tech-mania interest from mom and pop investors and big institutions alike.

That intense appeal means short-sellers are both attracted by the stock's high valuation and wary, at least for now.

"I have no interest in shorting a cultural phenomenon," hedge fund manager Jeffrey Matthews of Ram Partners in Greenwich, Connecticut, told Reuters in an email interview.

Asked if this was because such stocks trade without regard to normal market valuation, he wrote back, "Bingo."

Short sellers bet against shares by borrowing the security, then selling it. If the stock drops, they buy it back at the lower price, return it to the lender and pocket the difference as profit.

Shorts looking to bet against Facebook early face an uphill battle. Traders interviewed said the stock was going to be hard to borrow, at least for a few days, and only the best-sourced hedge fund managers will able to find lenders.

A prime broker at one of the top underwriters of the IPO said the firm would not be lending shares, at least until the initial settlement in three business days.

"I don't know how many shares will be available for shorting," said the broker, who requested anonymity. "We would only provide them once the deal has stabilized."

The bigger-than-usual percentage of retail-investor ownership of the shares may make shorting more difficult, as those investors don't tend to lend their shares for those who want to take a short bet.

"It will likely be difficult to get shares to borrow," said Adam Reed, professor of finance at UNC Kenan-Flagler Business School in Chapel Hill, North Carolina.

"In our research, we found that around 70 percent of IPOs are borrowable on the first day, but many of those names were only borrowable by well-placed investors."

Those who are able to short need nerves of steel. The borrowing cost will be high, and short-sellers may find the trade hard to unwind by buying back the stock in the open market, and could face a lender calling in their shorts if the stock rallies sharply.

Still, some are trying to short Facebook on Day One.

"I'm doing the legwork now and calling all the brokers," said a hedge fund manager late on Thursday, after Facebook priced its IPO at $38 per share. "Goldman and Credit Suisse are our prime brokers, so I am in contact with them about this."

"This is about as bubbly as you can get," he said. "My mother asked me if she could get Facebook shares and she has never been interested in IPOs before. A cab driver asked me about the IPO too. That's when you want to short it."

The hedge fund manager asked not to be named as he expected to be involved in shorting the stock on Friday.

At the $38-a-share IPO price, Facebook would trade at over 100 times historical earnings, versus Apple Inc's 14 times and Google Inc's 19 times.

Facebook shares traded at $41.06 in early-afternoon dealings on Friday, up about 8 percent.

Some hedge funds, remembering the heady days of the tech bubble in the late 1990s, have been sensing blood in the water in the recent flurry of social media and networking IPOs, including Groupon, LinkedIn, and Zygna .

Many believe those stocks' valuations are too high, given expectations for their growth and revenue outlook.

Some traders who can't short Facebook shares early may be betting against these other social media stocks instead, according to Max Wolff, a senior analyst at GreenCrest Capital.

Zynga shares plunged more than 13 percent in early trading on Friday and were down 5.7 percent in the afternoon. Groupon and Pandora Media were off at least 4 percent.

Zynga's social games currently account for more than 10 percent of Facebook revenue and profit, so traders may be focusing most on Zynga shares and options as an alternative to Facebook.

"Zynga options have high skew right now. That's the pricing difference between out-of-the-money puts and out-of-the-money calls," said Ralph Edwards, director, derivatives strategy at ITG. "This typically means people are looking for Facebook to kind of spill over to Zynga. If Facebook catches a cold then Zynga gets pneumonia."

Still, even among the skeptical, there is a good deal of caution in facing down a stampede of hopeful long investors. As economist John Maynard Keynes famously noted, the market can stay irrational longer than investors can stay solvent.

"Facebook is the kind of stock that, if you don't like it, you simply avoid it," said Mohannad Aama, managing director at Beam Capital Management LLC in New York.
© Copyright (c) The Vancouver Sun

MORE ON THIS STORY



FACEBOOK STOCK: FIRST-DAY OF TRADING NOT FOR THE FAINT OF HEART

Vancouver Sun - ‎17 minutes ago‎
NEW YORK - Shorting the Facebook IPO on its first day of trading is not for the faint of heart, but some traders are trying. As the hottest initial public offering in recent memory, Facebook has drawn 1990s-style tech-mania interest from mom and pop ...
Initial public offering »Mark Zuckerberg »Web 2.0 »
Facebook shares soar before fizzling out. Buzz kill!
Facebook Stock Closes Up Less Than 1% From IPO
The $104 billion question: What does Facebook's value say about ours?
FACEBOOK IPO LIVE: The social network goes public
History of Facebook

*Link for This article compiled by Roger Smith from reliable sources Vancouver Sun
*Speaking Image - Creation of DTN News ~ Defense Technology News 
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News Contact:dtnnews@ymail.com 
©COPYRIGHT (C) DTN NEWS DEFENSE-TECHNOLOGY NEWS
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Thursday, May 17, 2012

DTN News - TECHNOLOGY NEWS: How Facebook Took Over The Web

Asia News Report: DTN News - TECHNOLOGY NEWS: How Facebook Took Over The Web
*New data from Nielsen reveals how Facebook grew to become the dominant social network it is today.
Source: DTN News - - This article compiled by Roger Smith from reliable sources By Lance Whitney - Cnet News
(NSI News Source Info) TORONTO, Canada - May 17, 2012: Facebook is on its way to 1 billion users with an IPO around the corner. Not bad for a company with its roots in a Harvard dorm room.

But how did it achieve its grip on the global market? New findings from Nielsen offer a peek into some key milestones for the social network.

Facebook's user base currently numbers more than 900 million. But it's also one of the most visited Web sites in the world, according to Nielsen.
The site received around 152 million unique visits from people in the U.S. in March, which means that more than two out of three online Americans checked out Facebook that month. In such countries as Brazil, Italy, and New Zealand, the rate is even higher.
Facebook first grabbed 10 million unique U.S. visitors in November 2006 and 10 million unique U.K. visitors in April 2008. The site captured 10 million unique visitors in France, Germany, and Spain in 2009, Nielsen said.
In August of last year, Facebook surpassed Orkut as the top social network in Brazil and has continued to grab more users in the country since then. MySpace was also once a hot social network. But in January 2009, Facebook officially surpassed MySpace at the top social network and has held that title since.
Facebook is currently ranked top among all social networking and blog sites in 11 of 12 major countries around the world. The following table from Nielsen shows Facebook's reach in those 12 countries.
(Credit: Nielsen)
Of course, not everyone is a fan of the giant social network.
Half of the 1,000 Americans recently polled by the AP and CNBC believe Facebook is a fad. General Motors revealed this week that it was yanking its advertising on the network because it didn't think the ads were effective.
Concerns have also been raised about the company's move to go public. Half of the people in the AP-CNBC poll think the initial offering price is too high. Many also question whether CEO Mark Zuckerberg has the skills to manage and expand a large publicly-traded company.

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And the company has consistently gotten into deep water over privacy issues, angering users and advocacy groups.
Only 13 percent of the people polled by AP and CNBC trust Facebook "completely" or "a lot" to keep their personal information private. More than half (59 percent) said they have little or no faith in the company to protect their privacy.
Facebook has made tremendous strides since its birth in 2004. But the company will face more challenges ahead as it strives to grow both as a social network and a public corporation.


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*Link for This article compiled by Roger Smith from reliable sources By Lance Whitney - Cnet News
*Speaking Image - Creation of DTN News ~ Defense Technology News 
*This article is being posted from Toronto, Canada By DTN News ~ Defense-Technology News Contact:dtnnews@ymail.com 
©COPYRIGHT (C) DTN NEWS DEFENSE-TECHNOLOGY NEWS
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