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Facebook Stocks Fails To Hit The Bull’s Eye, Initiates Mobile Ads To Boost The Investors

By Sonam Malik | Hot Off the Mill, Tech Oh! Mania, Yours Socially | Mon 24 Sep, 2012 02:50 PM UTC

Facebook’s Mark Zuckerberg is trying to take the social networking site to a new level, following a blow in the firm’s stocks over the last two weeks. Facebook’s stock crashed 40 percent down from its IPO of $38 and now stands at $22.86. Trying to generate revenue for the firm, Facebook initiated ads for mobile, which Mark hopes will be a boon for the sinking morale of investors and would also monetize its mobile traffic. However, there are many analysts who believe that Facebook’s stock could go down to $15 or even less. According to an article published in barrons.com, writer Andrew Barrey feels that Facebook’s business stays uncertain and it’s unlikely that the social networking site will hit off with focus on mobile ads. Facebook is trying to monetize its services without compromising on the user experience. And as mobiles have a small screen, Facebook won’t get much chance [+more]

Post The iPhone 5 Launch,Apple Shareholders Rejoice As Apple Shares Transcend $700

By Amina Gupta | Hot Off the Mill, Tech Oh! Mania | Tue 18 Sep, 2012 01:57 PM UTC

All Apple stockholders are rejoicing as they all have joined the club of millionaires with enough cash stacked up in their accounts. Following the launch of Apple’s sixth-generation iPhone 5, the Cupertino Calif.-based firm added more value to its already valuable stature with its stocks going over $700 per share in after-hours trading. The iPhone 5 announced by Apple on Sept. 12th broke the all-time high record of the firm by topping sales record of two millions in just 24 hours. As the news hit the web, price of Apple’s shares saw an immediate rise. Earlier in September, Google Inc. had reached that mark when its stocks traded at $709.98. Opening at all-time high, trading stocks at $700 has evaluated Apple at around $656 billion. Stocks of Apple have been performing well even after Tim Cook revealed plans of initiating a dividend program, which took effect in July 2012. Formerly, Apple had never [+more]

Facebook Co-founder Dustin Moskovitz Sheds Shares!

By Divya Puri | Hot Off the Mill, Tech Oh! Mania | Wed 5 Sep, 2012 01:06 PM UTC

Three months ago when Facebook went public, the social networking site saw a drop in its stocks, which made many insiders sell their shares. The latest in the news is Dustin Moskovitz, co-founder, Facebook, who is shedding off his sizable stakes in the social networking site. Moskovitz left Facebook in 2008 to find Asana. On Tuesday, he completed 12 different trades in 150,000-share increments during a two-week period starting Aug. 17, ending on Sept. 4, 2012. As per multiple filings with the Securities and Exchange Commission, the 28-year-old entrepreneur and Facebook insider has reportedly sold 1.8 million shares for $34.5 million. This accounts to around 450,000 shares of the social networking so far this week, reducing his hold to 6.15 million Class A stock, which has less voting than Class B stock. He has 126.2 million Class B shares. The Class B shares can be changed for sale to Class A [+more]

Facebook-Instagram Deal Cleared by FTC

By Divya Puri | Hot Off the Mill, Tech Oh! Mania | Thu 23 Aug, 2012 03:23 PM UTC

The US Federal Trade Commission has given a go ahead to Facebook’s acquisition of Instagram, saying that it has no antitrust issues with the deal and will let it advance further. Getting Facebook a step ahead in the deal, FTC said its commission held a unanimous voting of 5-0 to close the investigation and let the deal move on. The news was brought forward in a press release by the commission. Facebook seemed to be pleased by the FTC decision. The social networking site had bought Instagram for $1 billion in cash and company shares in April, a month before going public. However, Facebook’s shares fell, which put the final deal today at $747 million. Since photos are a key part of Facebook’s social network, it is believed that technology of Instagram would help the latter improve users’ mobile experience. Following the announcement of acquisition, Facebook even released “Facebook Camera”, [+more]

Apple Stays the Most Valuable US Firm!

By Divya Puri | Company Corner | Thu 23 Aug, 2012 02:38 PM UTC

Revolutionizing the technology, smartphone, and tablet industry, Apple saw its stocks rise to a record price of $665.15 on Aug. 20, which gave the firm a market capitalization of $625.5 billion that is the highest ever for a US-based company. Apple Inc., is all set to grow its stocks further as the firm plans to launch the third generation upgrade of its smartphone, iPhone 5. Apple stocks jumped 16 percent in anticipation of a new iPhone and iPad Mini since July 26. Considered the most valuable U.S. firm in history, Apple is believed to have room for further growth as the company’s stock trades at a discount to the Nasdaq Composite Index. Investors value Apple at 15.4 times trailing 12-month earnings, while the average company in the 2,495-member Nasdaq trades at 16.5 times. This growth in profit by Apple has left behind its share increase, contributing to the lower price-to-earnings [+more]

Facebook: Director Peter Thiel Cashes in over $1B Shares

By Divya Puri | Hot Off the Mill, Tech Oh! Mania, Yours Socially | Wed 22 Aug, 2012 11:42 AM UTC

Peter Thiel, Director, Facebook Inc. hit the news as he sold majority of his shares in the world’s largest social-networking website. Thiel made earnings of more than $1 billion last week after the lock-up on Facebook’s shares expired. An insider selling shares is never good news for any organization. Thiel, a co-founder of PayPal and a member of the PayPal Mafia, was one of the earliest investors of the social networking site, Facebook. Just after the lock-up on shares of the social networking site ended, Thiel, like some other insiders, sold around 16.8 million shares at the price of $38 a share, which generated him a great amount of $640.1 million. On Aug. 16 and Aug. 17, Thiel however, sold another 20.1 million shares in the company, which got him $395.8 million, as per reported in a filing yesterday with the U.S. Securities and Exchange Commission. A venture capitalist and [+more]

OnLive Sacks all Employees, Discloses New Owner

By Divya Puri | Company Corner | Mon 20 Aug, 2012 04:28 PM UTC

The abrupt sale of assets of OnLive and wiping out of all staff on Friday surprised everyone. The cloud gaming company however, broke the silence and stated additional details on the company’s sale Sunday night. It also offered some information about its first new investor. OnLive has been sold to an affiliate of its first investor Lauder Partners, who was a part of OnLive’s previous series C. The new company is disclosed to have the same name, OnLive. The company fired all employees and offered less than half of them a job with its new owner. The release also confirmed that all of OnLive’s shareholders, investors, employees and management, got wiped out in the deal. A release was sent out for reporters Sunday night, which talked of the asset sale. It said, “OnLive, Inc.’s board of directors, faced with difficult financial decisions for OnLive, Inc., determined that the best course of action [+more]

Apple Stocks Hit New High After 4-Months Swoon

By Divya Puri | Hot Off the Mill, Tech Oh! Mania | Sat 18 Aug, 2012 02:26 PM UTC

Stocks of Apple Inc saw a new rise Friday morning, just ahead to the release of new iPhone and a smaller iPad. After a dip of four months in stocks, this news was good for Apple, which is already the world’s most valuable company. Apple Inc. saw its stock hit $648.19 in midday trading, before moving back to $648.11, which was up by $11.77, or 1.9 percent, from Thursday’s close. Earlier, the firm’s stocks hit a high of $644 on April 10. The market value of Apple is reported to be about $608 billion, which is almost 50 percent more than Exxon Mobil Corp., which is No. 2 at $408 billion. Apple’s stock stumbled last month after the firm’s earnings report for the April-June quarter reported the slowest growth in more than two years. This marked the second time in 10 years that Apple missed the expectations of analysts. Peter [+more]

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