RUMOR MILL
Back to Rumor Mill >
Thursday, May 17, 2012

Facebook IPO

FACEBOOK FOR SALE: Facebook priced its IPO at $38 per share, which would value the social media giant at $104 billion, the highest value for any American company going public. The social network giant’s shares will begin trading tomorrow morning on the NASDAQ stock market under the ticker symbol "FB." Facebook will sell 180 million shares in the offering, while co-founder/CEO Mark Zuckerberg and many of the company's early backers will put another 241.2 million shares for sale. Zuckerberg will instantly become a multi-billionaire, with the value of his remaining Facebook stake at about $19.1 billion. Will this be a MySpace-style disaster or a windfall for savvy investors? Insiders say Facebook’s relative clunkiness on mobile devices could be a a detriment to the kind of long-term growth they promise. (5/17p)

 
BACK TO RUMOR MILL
 
SPOTIFY Q1 PROFIT TOPS $1B; SUBS HIT 239M
How Swede it is. (4/23a)
Check It Out Now
HITS LIST IN
PLAYOFF MODE
Will scoring records be broken this week? (4/23a)
Check It Out Now
THE COUNT: ALL THE DESERT'S A STAGE
The dust settles on the Indio Polo Grounds. (4/24a)
Check It Out Now
ROCK HALL UNVEILS
2024 INDUCTEES
Class of '24 comes alive. (4/22a)
Check It Out Now
TOP 20: TAYLOR TIME
Is it ever. (4/24a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions