The Facebook IPO is quickly turning into one of the biggest financial debacles in recent memory. The carnage continues today as NASDAQ has been sued by an investor who claimed the exchange operator was negligent in handling orders for Facebook shares following its initial public offering, causing losses for investors. A separate lawsuit has been filed [...]
Here are your top financial news headlines for Tuesday, April 3, 2012: – People’s Bank of China Gov. Zhou Xiaochuan says world hasn’t emerged from financial crisis – SEC examining Groupon’s revision of financial results – Potential downgrades of banks by Moody’s, including Morgan Stanley and UBS, could push more business to JP Morgan Chase [...]
Continue reading " Financial News Minute for April 3 2012 (VIDEO) "
Richard D. Parsons, chairman at Citigroup Inc., has announced that he will step down after 16 years on the board. Parsons, 63, told fellow directors this afternoon that he doesn’t plan to stand for re-election at the April shareholders meeting in Dallas, according to sources. The Citigroup board is expected to name Michael E. O’Neill, [...]
Continue reading " Citigroup Chairman Richard D. Parsons Stepping Down "
Facebook 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 not [...]
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 [...]
Continue reading " S&P Downgrades Bank of America, Goldman Sachs, Wells Fargo, Citigroup, More "
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 [...]
Continue reading " Government Agency Sues Major Banks over Subprime Loans "
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 [...]
Continue reading " Groupon IPO: Groupon Files for $750 Million IPO (FULL PRESS RELEASE) "
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 [...]
About Us |
Terms of Service |
Contact Us |
Writers |
Advertise |
Privacy Policy |
Sitemap
Legal Info: ©2012 Blippitt LLC | All Rights Reserved
