Facebook: Lots Of Friends, But Stock Offering Has Risks
Wed, 02/08/2012 - 02:41 EDT - NPR - National Public Radio (Business News)
Roughly half of Facebook's users check in on smartphones and other mobile devices every month, but so far the company isn't making money on mobile. That's one of the potential pitfalls for the company as it prepares to sell its stock to the public.» E-Mail This» Add to Del.icio.us
Roughly half of Facebook's users check in on smartphones and other mobile devices every month, but so far the company isn't making money on mobile. That's one of the potential pitfalls for the company as it prepares to sell its stock to the public.» E-Mail This » Add to Del.icio.us
Foursquare is still making gains in users and check-ins, with the company reporting in December of last year that it had reached 45 million registered users and surpassed 5 billion check-ins. That's up from January 2013, when Foursquare had 30 million registered users, a 50% gain in just under one year. (Foursquare did not say how many of those registered users are active each month.)
General Motors said Thursday it made $1.33 billion in the second quarter, a sign it's getting healthier as it prepares to sell stock to the public. It was the automaker's second straight quarterly profit for GM, which made $865 million in the first quarter.» E-Mail This » Add to Del.icio.us
Facebook's stock sank after its initial public offering last May. But since the new year began, its share price has soared nearly 20 percent. Is this the year it finally figures out how to make money from mobile users? There's lots of speculation about what it might announce next Tuesday.» E-Mail This » Add to Del.icio.us
Facebook hopes to raise more than $100 billion in its initial public stock offering. In a piece at Slate.com, tech columnist Farhad Manjoo warns that Facebook users can expect to see changes, including lots more ads. But he warns the company must balance profit seeking with the desires of users.» E-Mail This » Add to Del.icio.us
In the winter of 2011, Eric Frenkiel was working at Facebook as an engineer making tons of money and sitting on lots of pre-IPO stock options. Then he, along with fellow Facebook engineer Nikita Shamgunov, walked away. They left to found a startup called MemSQL, which is taking on giant Oracle with a faster, cheaper database. He was 25.
Facebook's IPO generated lots of income for the banks handling the initial stock offering, and also a fair number of lawsuits. At least four have been filed so far. One alleges that Morgan Stanley disclosed important information selectively. Morgan Stanley says it complied with all applicable regulations.» E-Mail This » Add to Del.icio.us
Steve Inskeep talks to author Jim Collins as part of Morning Edition's occasional series, "Fixes." Collins says that by making CEOs buy company stock with their own money, they will have more incentive to manage for the long term and make the types of decisions that lead to job growth.» E-Mail This » Add to Del.icio.us
General Motors wants to go public a little more than a year after being bailed out by the Treasury Department and being branded "Government Motors." On Wednesday, the company filed an initial share offering with hopes of raising some $6 billion to $8 billion from investors. Robert Siegel talks to Greg Gardner of the Detroit Free Press about some of the risks associated with the IPO -- both for the company and potential investors.