Pin ItemailprintFacebook has just filed papers for an initial public offering (IPO) potentially worth $5 billion. That would make it the largest U.S. stock market debut in almost four years. The world’s largest social networking site filed its S-1 with the Securities and Exchange Commission on Wednesday afternoon, as was previously expected. The company did [...]
The global, financial time bomb continues to tick as today, Standard and Poor‘s adjusted the credit ratings of several big banks after applying new criteria to the world’s 37 largest financial institutions. Among those to suffer a ratings cut: Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, Wells Fargo, and JPMorgan Chase. Ratings for Bank [...]
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In a truly bizarre move, Federal Housing Finance Agency, the federal agency responsible for overseeing Fannie Mae and Freddie Mac, filed lawsuits yesterday against 17 financial institutions in an attempt to recover billion-dollar-losses that resulted from risky, subprime mortgage loans. In the complaints, the FHFA says the lenders misrepresented the quality of the loans. “Based [...]
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As expected, social gaming giant Zynga has filed its S-1 with the SEC, indicating that the company plans to go public. Zynga aims to raise up to $1 billion. According to the filing, Zynga has 60 million daily active users in 138 countries. 38,000 virtual items are created every second and players spend 2 billion [...]
Online social gaming company Zynga plans to raise about $1.5 billion to $2 billion in an initial public offering (IPO) and could file paperwork with U.S. regulators as soon as this afternoon, according to sources. Zynga, the company behind Facebook games like FarmVille and Mafia Wars, has more than 215 million monthly active users. Rumors [...]
Continue reading " Zynga IPO Could Raise $2 billion; May Happen Today "
After much intense speculation, Groupon has filed with the Securities and Exchange Commission to go public in a $750 million IPO underwritten by Morgan Stanley, Credit Suisse, and Goldman Sachs. The new filing finally reveals the details of Groupon’s financials, which have long been the subject of speculation. For 2010, the company’s revenue was $713 [...]
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Rumor has it that Zynga, Inc., the biggest maker of social games on Facebook, is preparing to file their Initial Public Offering (IPO) with the Securities and Exchange Commission. A filing that could come as early as the end of this month. Zynga has met with reps from Morgan Stanley and Goldman Sachs Group Inc. [...]
Looks like Jeffrey Chiang blew it. He not only blew a recent job interview, but he may have blown his career. What exactly did Jeffrey Chiang do? Get More FAIL on Blippitt here On an interview with Morgan Stanley, he lied about having an offer from Bank of America. Not only that, he also fabricated [...]
