Back to Mobile View

social networking

What if Facebook's IPO offering isn't actually outlandishly priced? What if $100 billion is actually a reasonable price? Let's go over a few of the reasons Facebook stock may be cheaper than worrywarts are leading you to believe.
Far too many customers aren't paying their phone bills on time, if you ask the phone companies. Three of the top four submitters to third-party collection agencies are major telephone carriers. And the reasons why should come as no surprise.
Regulators are warning the public to be wary of social media sites that could be offering bogus investment schemes. The warning follows civil charges filed by the Securities and Exchange Commission against an Illinois-based investment adviser who tried to sell fraudulent securities through Linkedin.
Credit card rewards are the new social currency. Citibank customers can now use Facebook to pool their rewards points online. The bank on Tuesday launched a Facebook application that lets users team up to use their points, whether it's for charity, a group gift or a personal goal. Citi says it's the first bank to offer such a feature.
If you're not familiar with Zynga, the undisputed champ of social gaming, odds are that you're not a fixture on Facebook or into smartphone app gaming. This month, it rolls the dice on a big public offering. Are you game?
Ah, Facebook: It's where you banter with "friends," share vacation photos and "like" everything from candy bars to political parties -- so why not shop there, too? Now, retailers are making it easier to do just that.
Back in July 2005, the deal seemed so promising. Rupert Murdoch's News Corp bought MySpace parent Intermix Media for $580 million. The social media pioneer was, by some measures, the fifth most-visited website in the U.S. This week, MySpace was sold for a fraction of that amount.
Trefis currently has a $30 price estimate for LinkedIn stock -- about a third of the market price. Why the disparity? Take a look at the prospects for the three businesses that bring in the vast majority of LinkedIn's revenue, and the answer becomes clear.
LinkedIn made its initial public offering Thursday, and soared immediately to more than twice its target price as Wall Street swooned over the stock. But IPOs are happening fairly regularly again after a recessionary lull: Why is there so much fuss over one not-so-major social networking site?
LinkedIn investors strapped in for a rocket ride Thursday, as its newly minted shares more than doubled during intra-day trading for its public debut. The social networking giant, which priced its IPO at $45 a share Wednesday evening, soared over $122 a share during its first day of trading.

Market Movers

SymbolLastChange / %Volume

Most Actives

BAC
Bank of America Corp
8.07-0.11
-1.34%
254.23M
ALU
Alcatel-Lucent (ADR)
2.19+0.25
+12.89%
122.18M
GE
General Electric Company
18.88-0.26
-1.33%
109.55M
F
Ford
12.44-0.25
-1.97%
52.49M

% Gainers

CIE
Cobalt International Energy
31.68 +7.78
+32.55%
18.42M
LNKD
LinkedIn Corp.
89.96 +13.57
+17.76%
13.27M
ALU
Alcatel-Lucent (ADR)
2.19 +0.25
+12.89%
122.18M
WNS
WNS (Holdings) Limited (ADR)
10.50 +1.10
+11.70%
3.07M

% Losers

NBG-A
National Bank of Greece SA (ADR)
5.72-1.03
-15.26%
188,505
OSG
Overseas Shipholding Group, Inc.
10.18-1.65
-13.95%
1.88M
AB
AllianceBernstein Holding LP
14.35-2.16
-13.08%
1.30M
OC-B
Owens Corning (Warrant) 'B'
2.31-0.34
-12.83%
26,436
Newswire

Follow Us

Headlines From DailyFinance Partners

CNN Money
CNBC
Smart Money
Consumer Reports
Huffington Post
AOL Energy
AOL Jobs
Business News Personal Finance Investing Our Partners

DailyFinance Sitemap | Terms of Service | Privacy Policy | Trademarks | HELP | Advertise With Us

© Copyright 2012 AOL Inc. All Rights Reserved