Status update: Facebook to go public, raise $5B
Facebook is updating its status from a private to public company. The shift is occurring as the Internet social network filed its long-awaited plans for an initial public offering of stock.
SAN FRANCISCO (Reuters) – Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley’s biggest-ever IPO. The world’s largest social network, a dorm room project for Ha…
Continue reading …SAN FRANCISCO (Reuters) – Facebook on Wednesday filed to raise $5 billion in an initial public offering. Here are a few highlights of its meteoric rise, several of which were chronicled in David Fincher’s seminal Oscar-winning 2010 movie, “The Social N…
Continue reading …WASHINGTON (Reuters) – A city panel in the U.S. capital voted on Wednesday to repeal a first-in-the-nation Internet gambling law for Washington, D.C., a spokeswoman said. Support for online gambling had dried up as details surfaced about the roundabout…
Continue reading …Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising:
Continue reading …WASHINGTON (Reuters) – Planned changes to Google Inc’s privacy policies that have caught the attention of U.S. lawmakers would not take away the control its customers have over how data is collected and used, the company said in a blog post on Tuesday …
Continue reading …WASHINGTON (Reuters) – A Senate antitrust panel is planning a hearing to discuss Verizon Wireless’s multibillion dollar deals to buy wireless airwaves from cable operators and let them resell its mobile service, a spokeswoman said on Wednesday. The Jus…
Continue reading …
RSS
Twitter
Facebook
Recent Comments