The Little Lies Facebook Almost Put In Its IPO Filing
If it weren't for some Security and Exchanges Commission vetting, Facebook would have gotten away with the following lie in its pre-IPO filings:
Advertisement
From Gifts to Pages — and, oh yeah, Instagram — the year Facebook went public was the year Facebook proved it could make money, mostly through advertising, and even on your phone. Here's how, month by month.
If it weren't for some Security and Exchanges Commission vetting, Facebook would have gotten away with the following lie in its pre-IPO filings:
Following Facebook's IPO we declared a bubble burst and now we're seeing that hit the start-up ecosystem as investor money becomes harder to find.
Facebook CEO Mark Zuckerberg ensured the world that he would not pull a Peter Theil and sell his shares within the next 12 months, as indicated in this form filed today with the SEC.
More than three months after Facebook's IPO, chief financial officer David Ebersman is getting the blame for the social network's failure on the stock market, at least that's how DealBook's Andrew Ross Sorkin sees it.
Amid Facebook's falling stock price, and word that its biggest investor has sold almost all his shares in the social network, Facebook's director of developer products Doug Purdy gave The New York Times' Somini Sengupta a vision for the company, which was surprisingly vague on the advertising part.
Ah, remember Facebook's IPO in May? Those were the good old days for the company, which is now worth just half of its IPO-day valuation, according to Bloomberg.
Mark Zuckerberg doesn't care about money, so why does he find the Facebook stock failure so "painful?"
Today's the day that a whole new group of Facebook shareholders were allowed to sell their stock and, as expected, it has hurt the already ailing stock's value.
Yesterday Facebook's stock fell below $20.00 before ending the day at $20.04, an all-time low for the ever-shrinking stock.
This afternoon at 4 p.m. Facebook will report its first earnings report since it went public in May, giving us all sorts of information, like financials goodies and user stats, that it's never had to divulge before.
Both Kayak.com, an online travel booking site, and Palo Alto Networks, a network security company, made their market debuts this morning, the first tech IPOs since Facebook's abysmal debut. Their performances don't look anything like Facebook's.
After delaying its IPO for almost two years and canceling its most recent investor roadshow following Facebook's disastrous IPO, Kayak has finally priced its valuation this morning.
Since General Motors has come to symbolize everything that's wrong with Facebook's business model, it's no wonder the social network is attempting to win the carmaker's ad dollars back.
In the weeks following Facebook's botched debut on the NASDAQ market the two have had a nasty, complicated, break-up—almost.
Given Facebook's general downhill slide since its IPO, some analysts are being optimistic about the future of the stock.
Weeks after it's disastrous debut, Facebook is getting in on the blame game for their first day's poor performance, and they're pointing their fingers at NASDAQ.
Facebook has yet to prove its business model to the world, with its stock hovering at $27, well beneath its $38 IPO price, and its value to advertisers questioned. But of late we've seen some ideas that might make Facebook some real money.
Stuck in a 40 day quiet period following its IPO, Facebook has to show, rather than tell, that it has a real business model that works.
For a brief period following Facebook's disastrous IPO, the NASDAQ itself was one of the few companies to make money on it, but now the exchange has agreed to pay out $40 million to financial firms, including the $10.7 million it made on the launch.
In this whole social media bubble implosion scenario, LinkedIn often gets portrayed as the angelic social media company that actually makes money and has a useful purpose compared to that wanton do-no-good social network Facebook -- until today.
Following Facebook's IPO disappointment and subsequent stock market fizzle, the rest of Silicon Valley has started to feel the after-shocks, furthering our suspicions that this is a very selfish social media bubble.
Facebook has gotten nothing but grief since going public last month and now a user poll is adding to the misery with more evidence that their ads don't work and user engagement is going down.
Throughout this Facebook IPO fail advertising has gotten a lot of the blame for the social network's lack of stock market success, but today another possible money-making problem has come to our attention: user growth.
One of the many groups that will lose out after Facebook's selfish (and somewhat failing) IPO are all the other tech companies that hoped to ride out the bubble Facebook was supposed to create.
We're not exactly crying over the $4.7 billion in net worth Mark Zuckerberg lost over 11 days, but here's one way to measure it: he's no longer one of the 40 richest human beings on the planet, as ranked by the Bloomberg Billionaires Index.
In this post-Facebook IPO world, the only positive financial impact the social network has had comes from buying up other companies.
Its second week on the market and Facebook's stock continues to fall, now trading around the $30 mark, and all because of the social network's own stubbornness.
Facebook's messy IPO and the fallout over the following week have left many looking for someone to blame, and apparently inside Morgan Stanley it's falling on one of their star investment bankers, Michael Grimes.
Henry Blodget, the Business Insider mogul, is the perfect man to cover Facebook's IPO drama. In fact, there may never be another story better suited for Blodget to cover.
A Big Guy v. Little Guy narrative has emerged from this post-Facebook IPO fallout. We already know about the Big Guy -- Facebook and its underwriters -- but now we're starting to hear what those little guys have to say.
Now that Facebook's a big nasty corporation, it's not only attracted a lot of bad press, it's inspired more direct action.
Sorry if you invested in that Facebook stock. We should have warned you. Or Facebook should have warned you, you know, the way it did with some of its large investors.
After days of stock-market failure, we find out the real deal behind Facebook's IPO preparations, which show a disconnect between institutional investors on the inside and the rest of the world on the outside.
Federal regulators are very interested in this morning's report that Morgan Stanley and other underwriting banks shared negative info on Facebook before last week's IPO.
As Facebook's stock continues its slump, now trading even lower than yesterday's low, the Internet has reached a consensus on why the IPO of the year isn't performing: Advertising.
As the stock market pounds Facebook's freshly issued shares, the social network's second day on the market hasn't eased our fears that we're in a social media bubble. In fact, it only suggests the bubble is coming to its end.
Do you hear that? That's the sound of the vaunted Facebook stock falling around $5 or 13 percent in the stock market this morning.
With a weekend to figure things out, we've got a few suspects to blame for the mess that was Facebook's IPO debut on Friday.
Now that Facebook's finished its first day on the market, it's time to figure out what it all means. Here is the best commentary from the big day.
Facebook's big IPO day was a wild ride, but ultimately ended with the stock price almost exactly where it began.
Before we watch Facebook be its public self at 11:00 a.m this morning, when its starts trading on the stock market, it's time to get caught up on what this all means. Before that bell rings in a few hours, here's everything you need to know.
If all the Facebook, Pinterest and Spotify over-valuation talk this week hasn't signaled a tech bubble, the spending happening in and around Silicon Valley should do the trick.
Dealbook's Evelyn M. Rusli reports that the music-sharing company Spotify is raising money as part of a deal that values it at $4 billion, and fresh off this morning's enormous $1.5 billion valuation for Pinterest, we can't help but fear this is more evidence of a social media bubble.
There won't be any more surprises (we think) with the Facebook IPO. In a week that saw Facebook raise the number of shares it was selling by 25 percent (some 85 million) and raise its price range, sources tell CNBC that the current $34-$38 range for shares will be its final price range.
After receiving a $100 million investment from Japanese e-commerce site Rakuten, the "next Facebook," got a valuation 50 percent bigger than the already unbelievable price of Instagram.
Are you done feeling sorry for shafted Facebook founder-turned-Singaporean resident Eduardo Saverin? By renouncing his U.S. citizenship, the new non-American will save at least $67 million in taxes from Facebook's IPO.
Margaret Carlson on Rob Portman, Tom Frost on big banks, Ruth Marcus on John Edwards, Holman W. Jenkins Jr. on Facebook's IPO, and George Packer on Biden and LBJ
General Motors is ending their $10 million ad campaign with Facebook, reports The Wall Street Journal, because the automaker determined their ads "had little impact on consumers."
Have a story we missed? A link we have to click? A sharp opinion about the news? Instead of waiting for us to post it, tell us on the Open Wire.
Submit your news and ideas | See all reader postsThe Atlantic Wire is your authoritative guide to the news and ideas that matter most right now. Our team tracks newsmakers and opinions across the entire media spectrum: newspapers, web sites, television, radio and magazines.
But we do more than just collect information. By synthesizing, analyzing and summarizing what’s out there, and adding new information when we can, we are a news engine that gives you a quick and valuable account of the issues of the day.
Have a hot tip? A story we missed? Tell us on the Open Wire
How to send us editorial or technical feedback
Get Five Best Columns in your inbox each morning (preview)
