• FaceBook

    Morgan Stanley Won Its Lead Role On The Facebook IPO By Showing Mark Zuckerberg A Picture Of A Pretty Pretty Sports Car

    Here is a detail from the Wall Street Journal’s article today about how Morgan Stanley tech banker Michael Grimes excluded the other underwriters from having much of an active role in managing and pricing the Facebook IPO and I cannot stand how good it is: A page of his pitch book to other companies,* which […]

    / Jun 18, 2012 at 12:09 PM
  • FaceBook, News

    Facebook Employees Just Want To Be “Liked,” Don’t Care About Money

    Remember Facebook? Last night it filed an amended S-1 for its IPO including a bunch of contracts. Those contracts were so boring and bog-standard that … well, this: SharesPost Financial Corporation completed its auction of 150,000 shares of the Class B Common Stock of Facebook, Inc. on February 8, 2012. A clearing price of $44.00 […]

    / Feb 9, 2012 at 12:09 PM
  • FaceBook, News

    Facebook Should Look Forward To Receiving A Strongly Worded Letter

    I started out not really caring about the Facebook IPO except as part of a vague stunt-driven desire to get some shares so I could tell you all that I’d gotten some shares. I now think that that plan was foolish, though I look forward to telling you how I was fleeced by retail brokers […]

    / Feb 7, 2012 at 12:59 PM
  • FaceBook, News

    There’s Only One Reason Why Facebook Is IPO’ing: To Access The Public Equity Markets

    How much is Facebook worth? Good God do I not care. Go ask a prediction market. Here’s one: Another choice is the delightfully named bookmaker Paddy Power, which also puts it at $40, plus or minus $5, which seems pointless, though unlike SharesPost Paddy Power will also let you bet on whether Bono or Bill […]

    / Feb 3, 2012 at 1:46 PM
  • FaceBook, News

    Facebook Facebook Facebook Facebook

    Facebook! One thing about Facebook is that Facebook doesn’t need the money that Facebook is raising in the Facebook IPO that Facebook just filed. (Did you hear?) It’s got almost $4bn in the bank and it can’t even be bothered to pretend that it’s got any plans for what to do with more: The principal […]

    / Feb 1, 2012 at 6:45 PM
  • Banks, FaceBook

    Facebook ‘Friends’ Find Unimaginably Cruel Way To Kick Kweku Adoboli When He’s Down

    As the users of Mark Zuckerberg’s poking machine among us can attest, there are many things you can expect from your Facebook friends. You can expect that they’ll keep you abreast of every insignificant moment of their entire lives. You can expect that they’ll post public affirmations about being “stronger than this” following a break-up […]

    / Sep 16, 2011 at 9:47 AM
  • FaceBook, Microsoft, Yahoo

    The Latest Microsoft-Yahoo Rumor: Now It’s Facebook

    There was lots of chatter this morning about the possibility that Microsoft is negotiating to buy Yahoo‘s search business. But the latest rumor is sure to set the internet ablaze with speculation–people are saying that after inking the deal with Yahoo, Microsoft will turn around and buy internet favorite Facebook. “What a move this makes. […]

    / May 19, 2008 at 11:15 AM
  • Banks, FaceBook, great ideas, Lehman

    So Uncool

    We at my apartment (so me and Marissa) have heard that the invasion of employee privacy by Wall Street firms has taken a bold step forward: hacking into employee Facebook accounts. According to a sometimes reliable, sometimes not source, the human relations department at a certain investment bank has been using creative technology to get […]

    / Nov 28, 2007 at 1:52 PM
  • FaceBook, Microsoft

    Microsoft Chief Mercifully Puts The Kibosh On Facebook Deal

    Because he’s a genius—or maybe just one of the few remaining people not seduced by the idea of a site that refuses to put a cap on the amount of useless crap “applications” it will offer, none of which does anything to better facilitate the stalking/slaying of potential prey—Steve Ballmer said that he regards individual […]

    / Oct 3, 2007 at 11:57 AM
  • FaceBook

    Cutting The FaceBook/Microsoft Deal Rumor Off At The Knees

    By now you know the rumor that Bill Gates has lost his mind and is considering an investment of $300-500 million for a 5 percent stake in Facebook, which would value the social networking site at twice what Rupert Murdoch paid for Dow Jones. (Making trashtastic MySpace worth $11-12 billion, according to Lehman Brothers analyst […]

    / Sep 28, 2007 at 12:08 PM
  • FaceBook, FOREX

    How To Lose Friends And Not Influence People

    In the UK, where employers haven’t quite started mass firewalling facebook from corporate servers, a new study estimates that social networking productivity drainers like facebook can cost firms up to 130 million pounds a day, or over $260 million. The study was conducted by employment law firm Peninsula and tracked 3,500 UK companies, estimating that […]

    / Sep 11, 2007 at 3:20 PM
  • FaceBook, HSBC

    HSBC Kowtows To Mark Zuckerberg, Loses All Credibility, Sense of Self-Respect

    Britain’s largest bank announced today that it will not be implementing a plan to make money by charging interest on graduate overdrafts, because Facebook.com asked it not to. HSBC caved after catching wind of a group on the social networking site called “Stop the Great HSBC Graduate Rip-off,” whose 5,756 members requested that the financial […]

    / Aug 31, 2007 at 9:55 AM
  • FaceBook

    Facebook’s Number One Priority Is To Invade Your Privacy

    Zuckerberg (shocked): “You mean we have to monetize our user base in order to command a $50 billion asking price? A couple mil from selling icons of cuddling bears won’t cut it?” Upon this revelation, Facebook is working on a system that lets advertisers target ads based on profile content. Facebook swears this is just […]

    / Aug 23, 2007 at 11:15 AM
  • Companies, Disney, FaceBook

    Disney Loses Its Mind

    Disney has officially lost its mind. The Immodest Mouse bought Club Penguin, a social networking site for the tween and pre-tween demo. As the name suggests, Club Penguin allows you to make your own penguin avatar and enter a virtual world where you can endure the brutal, constantly near-death existence of a penguin to the […]

    / Aug 2, 2007 at 10:35 AM
  • FaceBook

    We Want Yu for the Facebook Army

    Facebook is now ripping people away from Google. Gideon Yu, YouTube’s former finance chief, has joined the social networking site as CFO, replacing Mike Sheridan, who will be summarily executed. Yu’s career path is a microcosm of the flow of Tech company buzz. Yu was the treasurer at Yahoo, then joined YouTube to help negotiate […]

    / Jul 25, 2007 at 9:40 AM
  • FaceBook

    Bucks for Zucks Paper Billions Watch

    Why do companies keep lowballing facebook? Zucks can’t figure it out. He’s got the lofty, world-changing rhetoric and strangely consistent fashion sense down (one man’s black turtleneck is another man’s sandals). You would figure that the ridiculous offers should just fall in line with the expectations of the VC investors that have chugged the most […]

    / Jul 23, 2007 at 10:30 AM
  • FaceBook

    Zucks Uses Bucks To Buy Computers In Basement of 2 FaceBook Users

    DealBook reports that the increasingly nauseating FaceBook (inverse proportion to number of widgets added per day) has gone and bought itself a company. These are the details: the company is called Parakey (Latin for ‘the ability to belt-buckle bob for a Harvard drop-out’). It’s a start-up which had previously been “trying to bridge the gap […]

    / Jul 20, 2007 at 11:51 AM
  • FaceBook, Google

    Google Will Wait For FaceBook to Make the First Move

    If Mark Zuckerberg wants to know what it’s like to be touched by Sergey Brin and Larry Page (A. Weird at first, then really kind of nice), he’s going to put it out there in no uncertain terms, Brin told DealBook Sun Valley correspondent David Carr yesterday in Sun Valley. “We don’t really look at […]

    / Jul 13, 2007 at 10:02 AM
  • FaceBook, Google


    In the Web 2.0 parlor game of deciding who’s going to buy facebook, guessing “Google” isn’t exactly earth-shattering, but it’s probably the most accurate guess one could make. Saul Hansell of the New York Times Bits Blog does just that, reasoning that Google might buy facebook just to cockblock rivals (a little too late for […]

    / Jul 6, 2007 at 11:30 AM
  • FaceBook, Social Networking

    Social Networking and its Discontents

    Apparently, social networking hinges on an individual’s quest for freedom (MySpace) and civilization’s demand for conformity (Facebook). According to a project by tech researcher danah boyd, who is so down with dotcoms that she legally ee cumminized her name, Facebook is for college preps and MySpace is for Latin Kings, or at least economically depressed, […]

    / Jun 26, 2007 at 10:30 AM
  • FaceBook, MySpace, Rupert Murdoch, Yahoo

    Yahoo Wants a MySpace Account

    After activist shareholders pushed Terry Semel out of Yahoo last week, his successor Jerry Yang needs to raise the floundering search engine’s advertising revenue quickly or re-don his jester cap as Chief Yahoo. Social networking is the obvious answer and after a potential Yahoo-Facebook deal fell apart earlier this year, Rupert Murdoch is the man […]

    / Jun 21, 2007 at 1:17 PM
  • FaceBook

    Did the Zuckerbergs shave their legs for this?

    Meredith Viera, who got rejected from Harvard, interviewed Harvard dropout and paper billionaire Mark Zuckerberg on the Today Show, in a strangely smiley /flirty /happy /clappy /slightly unnerving affair. Zuckerberg’s mom and sister, who is employed by Facebook, were standing by with paper million dollar grins, looking especially smiley. Fortunately, sugar relative Zuckerberg didn’t compromise […]

    / Jun 12, 2007 at 12:25 PM
  • FaceBook

    You have been poked by a gay Arab, until now

    UPDATE : Turns out this whole thing may have been a hoax, if you refer to the “official letter” from facebook on the petition group’s page. Here is the original story: Gay Arabs have been banned from facebook. Actually, facebook just forced the shut-down of the group “Arab LBTG” after facing pressure from Saudi Arabia, […]

    / May 1, 2007 at 12:16 PM
  • FaceBook, Goldman Sachs

    Goldman Sachs Employees Continue To Earn Keep, Bonuses

    We realize the inherent hypocrisy of us mocking another for his/her “innappropriate use of a company computer” (our workday is divided equally between cuteoverload.com and online betting, in case you were wondering) but it’s like we always say, “When has inherent hypocrisy ever stopped us before?” (This is Dealbreaker, for god’s sake. We’re not exactly […]

    / Mar 12, 2007 at 8:45 AM
  • FaceBook

    Reap What You Sow: Invest 50 Bucks In A Real Pair Of Shoes, And We’ll Give You The 2 Billion For Your Glorified MySpace Website

    Dozens of the world’s biggest media moguls and investment bankers, dressed in perfectly pressed suits, mingled in the lobby of the Pierre Hotel in Manhattan yesterday at the annual FourSquare conference. And then there was Mark Zuckerberg, the 22-year-old chief executive of the social networking site Facebook, wearing Adidas flip-flops — sans socks — with […]

    / Nov 10, 2006 at 11:09 AM
  • FaceBook, Let Me Tell You Why So-And-So Sucks, Yahoo

    WSJ: Let Me Tell You Why Yahoo! Sucks

    “Yahoo Inc.’s efforts to extend its Web reach through an acquisition of Facebook Inc. aren’t making much progress” “Yahoo’s failure” “Yahoo faces problems” “Yahoo’s stock fell sharply” “These factors reduce the incentives for Facebook’s management, which includes founder and Chief Executive Officer Mark Zuckerberg, 22 years old, to sell the company now. In an interview […]

    / Oct 12, 2006 at 11:34 AM
  • FaceBook, Yahoo

    FaceBook: $2 Billion Ain’t Looking So “Crazy” Now, Is It Yahoo?

    While some spent last night losing their long-preserved virginity, others found themselves in an apoplectic rage of “Hows,” “Whys,” and whatever amount of crystal meth they could get their hands on. We’re talking, of course, about Yahoo (and Lucy Gao, for not having made a video herself). The company’s stock plummeted by more than 2% […]

    / Oct 10, 2006 at 3:54 PM
  • FaceBook

    Take My Social Network, Please

    Or: How Many Valuation Experts Does It Take to Change A Lightbulb at Facebook.com? College student/alumni site Facebook.com has decided that after turning down a $750 million dollar buyout offer to hold out for two beeeeeeeeellion dollars, it will now up the ante and hold out for one beeeeeeeellion dolllars. Facebook gets 5.5 billion pageviews […]

    / Apr 3, 2006 at 9:30 AM

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