Facebook shares fell as much as 2.7% after the company announced to sell 70 million shares of its Class A common stock as part of a whopping $3.9 billion offering. This public offering include 27M shares by Facebook, 41.35M shares by CEO Mark Zuckerberg and 1.6 million from board member Marc Andreessen.
Dec 19 2013, 1:39pm CST
Facebook is on top of the world. Its shares have reached an all-time high IPO price of $45 on Wednesday while while Apple shares see a downfall. And it has been a turbulent year. The future however looks rosy indeed for the world’s biggest social network.
Sep 12 2013, 8:40am CDT
Facebook is going places. The gigantic social network has seen its stocks hit the $38 IPO price for the first time after 14 months of its debut in May 2012. This has erased previous cynicism regarding its capabilities and ambitions once and for all.
Jul 31 2013, 12:17pm CDT