OpenX opens kimono to reveal financials – prepwork for an IPO?
It’s the season for getting a peek at private Internet companies’ financial results.
Wall Street is still chewing over Facebook’s recently revealed numbers, and on Monday, OpenX Technologies, a private, venture-backed online ad company, served up some financial gristle of its own.
Glam Media launches social network for food lovers
SAN FRANCISCO, Feb 8 (Reuters) – There are magazines,
television shows and books about food. So why not a social
network?
That’s the thinking behind online lifestyle publisher Glam
Media’s newest offering. On Thursday, the company launched
Foodie.com, a social network devoted entirely to the gastronomic
crowd.
All about the Benjamins, or How Mark Zuckerberg cemented control of Facebook $100 at a time
One hundred dollars doesn’t go very far these days.
But for Facebook co-founder Mark Zuckerberg, a C-Note was the key to cementing his control over the social networking phenomenon.
As we learned last week when Facebook filed its prospectus for a $5 billion initial public offering, Zuckerberg has the voting rights to shares owned by some of Facebook’s biggest stakeholders, including venture capital firm Accel Partners, Digital Sky Technologies and former Facebook President Sean Parker.
Yahoo chairman exits, review drags on
SAN FRANCISCO, Feb 7 (Reuters) – Yahoo Inc
Chairman Roy Bostock and three other directors will step down as
the struggling company ploughs ahead with an internal overhaul,
including discussions on dealing with its stakes in China’s
Alibaba Group and Yahoo Japan.
The corporation — once a Web powerhouse but now agonizing
over a range of options to revive flagging growth — on Tuesday
said it appointed former Rovi Corp CEO and IBM veteran
Alfred Amoroso and ex-eBay COO Maynard Webb as
independent directors.
Analysis – Facebook IPO tests easy growth assumptions
SAN FRANCISCO (Reuters) – As Facebook hurtles toward one of the largest initial public offerings in U.S. history, its honeymoon with investors may already be over.
The dorm-room project started by Harvard dropout Mark Zuckerberg, 27, could well become one of the world’s most highly valued Internet companies when it sells shares to the public for an expected valuation of as high as $100 billion (63 billion pounds).
Facebook IPO tests easy growth assumptions
SAN FRANCISCO (Reuters) – As Facebook hurtles toward one of the largest initial public offerings in U.S. history, its honeymoon with investors may already be over.
The dorm-room project started by Harvard dropout Mark Zuckerberg, 27, could well become one of the world’s most highly valued Internet companies when it sells shares to the public for an expected valuation of as high as $100 billion.
Facebook, and Zuckerberg, embark on mega-IPO
SAN FRANCISCO (Reuters) – Facebook took the first step toward public markets in the year’s most highly anticipated IPO, which could catapult co-founder Mark Zuckerberg into sixth place among the world’s richest people.
The world’s largest social network, a dorm room project for Harvard dropout Mark Zuckerberg that exploded in popularity and vaulted to Silicon Valley’s top tier within 8 years, is expected to make its market debut in the middle of the year. It could raise much more than the $5 billion initially targeted, and value Facebook at up to $100 billion.
Facebook shoots for $5 billion in mega-IPO
SAN FRANCISCO (Reuters) – Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley’s biggest-ever IPO.
The world’s largest social network, a dorm room project for Harvard dropout Mark Zuckerberg that exploded in popularity and vaulted to Silicon Valley’s top tier within 8 years, said in its preliminary filing that its net income rose 65 percent to $1 billion in 2011, off revenue of $3.71 billion.
Wall Street puzzles over Google’s new direction
SAN FRANCISCO (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research), which revolutionized Internet searches with an easy-to-use website, has itself become an increasingly tricky business to grasp.
That issue leapt to the fore last week when the company stunned Wall Street by missing financial expectations for the fourth quarter — sending its stock into a tailspin and triggering a flurry of questions over what went askew.
Analysis: Wall Street puzzles over Google’s new direction
SAN FRANCISCO (Reuters) – Google Inc, which revolutionized Internet searches with an easy-to-use website, has itself become an increasingly tricky business to grasp.
That issue leapt to the fore last week when the company stunned Wall Street by missing financial expectations for the fourth quarter — sending its stock into a tailspin and triggering a flurry of questions over what went askew.
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