Wednesday, May 30, 2012

Facebook expansion ok'd by Menlo Park City Council

Fb will pay $14.6M over 15 years to increase capacity from 3,600 to 6,600 people on the former Sun Microsystems site.

On the first Day of Options.

On a moderate day, 78.5M shares were traded.
The market opened at $31.48 per share, closed at $28.84

The highest volume of options (13,300) had a strike price of $30.
Less than half that amount (6,028) had a strike price of $29.
The low strike price of $13 had a volume of 45.
The high strike price of $44 had a volume of 3,365.

Given the closing price, it appears the confidence outweighs
the negative outlook.


Tuesday, May 22, 2012

Who actually said "Privacy is dead"?

Thanks to Cindy for clearing this up for me.

This statement has been attributed to Mr. Zuckerberg, but that is not correct. I have reported as such also. Google seems to think it is this security clown named Steven Rambam (enjoy your 15-minutes buddy). And if you glaze over what one of the leading producers of herring says, you might think so.

So what is the actual statement?, who said it? Well, when this person said it, it cause a real kerfuffle. Ironically, the company this person represented was part of the Online Privacy Alliance.

He said
that consumer privacy issues are a "red herring." "You have zero privacy anyway," - "Get over it."

The person at the time was the CEO of Sun Mircosystems, Scott McNealy.

Here is the 1999 confirmation story. (MOVED HERE) (See below)


Added 2017-04-25 (April 25)
The link to confirm the quotation keeps moving or dying.
Here are some other that might help.

Monday, May 21, 2012

Fwd: blog maverick - what mark cuban said about fb ipo

Someone said this was important. I don't see it as important.


Soft Ground after IPO

There is no way for me to ignore soft ground, or find a decent news stories on this. As we all know by now, Facebook set the price at $38, it opened at $42, fell multiple times to around $38.00, then closed up $0.23 (twenty-three cents) (0.6 percent higher) on the first day of trading. During trading it was reported that the Underwriter (Morgan Stanley) had to repeatedly defend the opening price by buying any stocks offered that would lower the price below the IPO price. The number of share MS had to buy can cannot be found, but I have heard rumors that they purchased 11m of 16m shares. Again, the answer cannot be found. However, the WSJ blog reports some of the details on this standard practice.

The WSJ Blog also reports the total share traded for the day 421.2 million - reportedly a record number of trades on an opening day for this type of stock.

At 10am Pacific time the stock price continues to fall below the IPO price. Currently trading around $34.15, down $4.18. It is worth noting that the day before the IPO FB was trading around $36 per share in private markets.

UPDATE (2:05pm Pacific Time): FB closes down $4.20 at $34.03 for the day (4pm EDT).
FB is traded on the NASDAQ


Friday, May 11, 2012

Facebook's Zuckerberg says mobile first priority

Facebook's New App Center: Everything You Need to Know

Facebook's IPO said to have more demand than shares available

Digital Trends » Facebook tests charging users money to “highlight” posts

Facebook Co-Founder Saverin Renounces U.S. Citizenship Ahead of IPO | News & Opinion |,2817,2404344,00.asp

Facebook Privacy Policy Change Paves Way For Off-Facebook Advertising - Forbes

IPO pipeline clears ahead of Facebook - IPO Report - MarketWatch

Facebook issues 'profits warning' as users switch to mobile - Telegraph