Now Facebook’s IPO is filed, soon anybody will be able to buy a piece of a Facebook. But going public won’t stop Zuckerberg having control — especially given that he buys out the voting rights of current shareholders, $US100 at a time. More »
It’s widely reported that Facebook is going to file for an IPO today, and likely that the offering will be in the $US5 billion range. Time to start digging up your backyard bullion stash, right? Wrong. For the average guy the Facebook IPO is strictly Like, don’t touch. More »
Apple’s “fifth Beatle,” Ron Wayne, sold his 10% stake in the company two weeks after it was founded to avoid pushing paper and startup risks. That $US35 billion would have been a lot of paper, Ron. I would have pushed. More »
While speaking at the Mobile World Conference today Nokia CEO Stephen Elop was forced to defend himself against a rather pointed cat-caller who had asked him, via some post press conference yelling, “Are you a Trojan Horse?” More »
Telstra’s shares up 4% after yesterday’s NBN announcement? Doesn’t seem like they’ll have too much of a problem convincing shareholders to sign it off next year then. [ComputerWorld]
Google just put out an SEC filing saying founders Larry Page and Sergey Brin plan on dumping some of their holdings of the company’s stock. More »
It was sadly predictable, especially after the exact same thing happened last October when Google released their free turn-by-turn navigation. Cheer up though TomTom and Navigon – at least you’ve got iPhone apps, right? Oh. [Yahoo Finance via TechRadar]
Apple’s stock has hit a personal high for the company at $US205.04 per share, up from its previous high of $US202.96 back in 2007. The company’s overall value is rated at $US183 billion (Microsoft is $US236 billion, in comparison). [BusinessWeek]
After a Jefferies Group analyst cut Microsoft’s 2009 revenue forecasts, Microsoft’s stock fell to its lowest levels since 1998. More »
