Posted: February 14th, 2014 | Author: Marcus Dangerfield | Filed under: BLOGGING!, Social Media, UPDATED! | Tags: Business News, IPO, social network site, Twitter, Twitter Share Price | Comments Off on Twitter Fights Off the Thought That it’s Peaking
Twitter has suffered a massive loss in its first published financial results since the social networks highly anticipated US stock market debut last year, and though the company might not have been surprised, punters took a different view, with shares dropping almost 25 percent in value.
Twitter told shareholders it lost $US511 million/$AU573 million in the last three months of last year, that’s despite a doubling of revenue from 12 months ago to a better-than-expected $US243 million/$AU273 Million.
Financials aren’t the only woes the micro-blog are suffering, Twitter seems to be testing a new heavier design and it’s users haven’t been receptive of the changes. The new layout is reported to include a look described by many as a cross between Facebook and Google plus. Format changes in the past – including their most recent small change – have upset a bunch of users :: Read the full article »»»»
Posted: May 4th, 2012 | Author: Michael Courtenay | Filed under: Facebook | Tags: Amazon, facebook, IPO, Mark Zuckerberg | Comments Off on Facebook Share Price Proposal
Facebook plans to raise as much as $12 billion from its initial public share offering, dwarfing the coming-out parties of tech companies like Google.
The eight-year-old social network that began as Mark Zuckerberg’s college dorm room project has priced its initial public offering at between $28 and $35 a share.
This will see Facebook attain a valuation of as much as $95.9 billion at the high end and grant the world’s largest social network a market value close to Amazon.
If an over-allotment or “greenshoe” option is triggered, Facebook could end up raising close to $13.6 billion, according to a prospectus.
Investors are expected to flock to the highly anticipated IPO, though some have voiced concerns about Facebook’s longer-term growth :: Read the full article »»»»
Posted: April 26th, 2012 | Author: M.Aaron Silverman | Filed under: Facebook | Tags: facebook, IPO, Mark Zuckerberg, NASDAQ, Profits | Comments Off on Facebook Profit Dip
Facebook has reported a fall in quarterly profit despite surging revenue. The social networking behemoth recently bumped up spending on research, acquisitions and promotion before its stock market debut, which is expected to come next month. The company also blamed the result on seasonal advertising trends.
Facebook’s net income dipped 12 per cent to $US205 million in the three months to March from $US233 million in the same period last year.
Although revenue jumped to $US1.06 billion, which was a rise year-on-year, it was down about 6 per cent from the preceding quarter, the first quarter-on-quarter drop since at least 2010.
Facebook is preparing to raise at least $US5 billion in the largest initial public offering by an internet company on Wall Street that could see it valued at up to $US100 billion.
The company will trade under the symbol “FB” on the Nasdaq, it said in paperwork filed with the United States Securities and Exchange Commission :: Read the full article »»»»