Nasdaq to Reimburse Facebook Investors: Should You Expect a Check?
The SEC has approved a Nasdaq proposal to create a $62 million fund to compensate those who lost money due to trading errors during Facebook's IPO. But who will benefit?
The SEC has approved a Nasdaq proposal to create a $62 million fund to compensate those who lost money due to trading errors during Facebook's IPO. But who will benefit?
So far, investors aren't impressed with Facebook's new Graph Search. But those who see only a friend-enhanced search tool are missing the big picture. It may actually revolutionize the online game and threaten some major Internet players.
Facebook just keeps on getting bigger. Despite the negative emotions generated by its IPO, the leading social network revealed on Thursday that it now has more than a billion active monthly users.
Shares of Facebook closed nearly 8% higher on Wednesday, the social networking website operator's biggest single-day percentage gain since its IPO. Facebook is profitable and growing, but can the rebound continue?
Facebook hit a new low of $18.75 before bouncing back to $19.01 - down 4 cents in morning trading Monday. The stock has not surpassed its $38 IPO price since its first trading day.
After three months of lethargic trading, many longtime Facebook stakeholders can begin unloading their shares on Thursday, when lock-up restrictions end. That could mean another plunge in the price. But how many of those early investors will be changing their status to "selling"?
"It's complicated" is the only relationship status that fits the rocky romance between Wall Street and Facebook. Shares of the social-networking giant took a hit on Friday after it failed to post blowout quarterly results. But are investors being unfair to Facebook?
Reports began to surface on Monday indicating that Facebook was looking to get over its post-IPO blues by snapping up the Israeli-based company that matches faces in digital photographs to the names of existing friends.






