Facebook IPO more fizz than pop
week in review Shares in the social network have a rocky trading start, while resumegate spells the end of Yahoo CEO's term. Also: HTC phone imports held up by Customs.
week in review The world's largest social-networking company finally went public -- but the event lacked the punch many had expected from the third-largest IPO in history.
After a 30-minute delay in the stock's anticipated opening, shares, shooting up to $43.20 from their $38 opening and then dropping back down to a break-even price.
The company raised $16 billion on the sale of 421.2 million shares in the offering, putting it at a valuation of $104.1 billion.
Greenlight, a digital-marketing agency, says that 44 percent of survey respondents said they "never" click on ads on the social network.
Company co-founder who, it was recently revealed, renounced his U.S. citizenship says the decision had nothing to do with the blockbuster IPO and taxes.
A resume error brings down not only CEO Scott Thompson, but also four of Yahoo's directors. A settlement with investor Daniel Loeb will put him and two allies on the Internet pioneer's board.
The One X and Evo 4G LTE are being delayed indefinitely by U.S. Customs officials over patent infringement issues.
Japanese e-commerce giant Rakuten says it is leading a $100 million round of funding in the social photo-sharing site. That could put its valuation at $1.5 billion.
Oracle makes a last-stand effort on trying for infringer's profits, but possibly reopens the door for accepting statutory damages.
In a move to assume more control over apps and sales of cell phones and tablets, the Web giant is rumored to start releasing Android software to several mobile-device makers at once.
European competition overseers "will remain vigilant" that Microsoft abides by an antitrust deal involving Windows and browsers, but that still leaves plenty of wiggle room.
Judge nixes request from Apple, publishers to dismiss class action lawsuit alleging collusion to reduce retail competition.
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