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03 Feb 2012 17:04

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Biz: Mark Zuckerberg won’t enjoy his tax bill after Facebook goes public

  • $1.5 billion in taxes for the Zuck after Facebook’s IPO source
  • » Why? Zuck plans to sell some of his shares: Back in 2005, Facebook founder Mark Zuckerberg received a set of new stock options for his company. With said company looking to  go public, Zuckerberg will exercise those shares before the IPO, effectively buying them at the price they were worth back then, and sell them after the IPO, effectively setting himself up for a windfall of nearly $5 billion … and one of the largest tax bills in history. It’s not like he’s gonna be broke, though — in fact, he’ll still be worth $24 billion by the end of it, much of that invested in his company. So hard for him, gotta tell you guys.
Posted by Ernie Smith • 0 Comments • Permalink

01 Feb 2012 21:29

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Biz: Facebook’s SEC filing reveals the things they worry about most

  • one Facebook Mobile, unlike the normal web layout, doesn’t have ads built into the interface. Meaning as Mobile grows, ad revenue will suffer.
  • twoGame developer Zynga accounts for a whopping 12% of Facebook’s total revenue. Therefore, any trouble for Zynga is trouble for Facebook as well.
  • threeFacebook’s revenue grew by 88% last year, which they deem unsustainable. In short, that level of growth will slow down someday.
  • fourThey could be sued for copyright infringement due to content uploaded by their users; quite likely the reason they opposed SOPA. source
Posted by Chris Tognotti • 0 Comments • Permalink

28 Jan 2012 20:53

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Biz: Greedy investment bankers won’t carve Facebook’s IPO too heavily

  • what Investment banks looking to get in on the upcoming Facebook IPO, expected to be filed for next week, may only take a 1 percent underwriting fee on the stock offering. How abnormal is that? Usually, the investment banking underwriters take 5 to 7 percent.
  • why Simply put, Facebook is such a big deal that the competition is extremely high for it; underwriting it is seen as a prestige move. “The Facebook IPO will be iconic,” notes one investment banker who says that Facebook gets to set the rules on this one. source
Posted by Ernie Smith • 0 Comments • Permalink

29 Nov 2011 00:37

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Tech: Aw, Zucks. We’re hoping this won’t “poke” our portfolios too badly.

  • Want to own a piece of Facebook? You might be able to in the spring of 2012. It looks like, despite founder Mark Zuckerberg’s well-known resistance to the idea over the years, the company is on its way to its “initial public offering” — the sale of stock that a private company makes available to the public. (Groupon just had an IPO, and it hasn’t been going quite so well for them.) The social media trailblazers could raise as much as $10 billion from first-day stock sales; that would put the company’s total value at $100 billion. Not bad for a guy who screwed over most of his friends from Harvard (and a couple of Winklevi) to get there. source
Posted by samimain • 0 Comments • Permalink

19 May 2011 10:29

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Biz: LinkedIn’s massive IPO: One of the largest tech IPOs since Google’s

  • $45 LinkedIn’s price per share when it launched its IPO this morning
  • $83 the company’s price per share now — that’s right, it nearly doubled in price
  • $352M the amount the company has earned from its IPO today source
  • » A really impressive start for social media: LinkedIn, the first social media company on the stock market, sets the stage for what could be an impressive transition from startup to stock for many social sites. Facebook’s far larger than LinkedIn, meaning that this may be the floor level for what the ubiquitous social site could expect when Mark Zuckerberg finally decides to go IPO.
Posted by Ernie Smith • 0 Comments • Permalink

09 May 2011 10:27

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Biz, Tech: LinkedIn IPO could prove social media’s heft on the stock market

  • 7.84M number of shares of stock LinkedIn plans to sell during its IPO
  • $35 the high-end price the company’s shares could go for on the market
  • $3Bthe potential value of the company’s IPO — which is kind of a lot source
  • » Getting in early: LinkedIn is one of the first examples of a social media company taking its chances on the stock market, which suggests that Facebook — which is far more widely-used than LinkedIn is — could totally do well in the case of an IPO. The company, which announced its IPO intentions in January,  has filed to go on the New York Stock Exchange under “LKND.”
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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