Facebook, the world’s most popular social networking company, sold 421.2 million shares for $38 each. At that price, the 503.6 million shares and options Zuckerberg owns are valued at $19.1 billion, making him wealthier than Google Inc. (GOOG) co- founde
Facebook IPO Makes Zuckerberg Richer Than Google Founders
Facebook, the world’s most popular social networking company, sold 421.2 million shares for $38 each. At that price, the 503.6 million shares and options Zuckerberg owns are valued at $19.1 billion, making him wealthier than Google Inc. (GOOG) co- founde
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How Facebook could clobber LinkedIn
Say you want to compete with LinkedIn Corp.’s LNKD +0.05% ultra-popular professional network. You want Facebook to provide its own environment for business opportunitie
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Apple Profit Rises 94% on Growing Global IPhone Demand
Net income in the fiscal second quarter climbed 94 percent to $11.6 billion, or $12.30 a share, as sales rose 59 percent to $39.2 billion, Cupertino, California-b
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Apple IPhone 5 May Debut in October, Analyst Munster Says
In a note today, Munster wrote that October is more probable after chipmaker Qualcomm Inc. (QCOM) announ
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Apple to Audit Supplier's Pollution Management
The inspection is scheduled to take place in the coming weeks and the results will later be made public, according to Wang Ding, vice director for the Institute of Public and Environmental Affairs, which has been cri
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Facebook acquires Instagram for $1 billion
forexsq.com - Facebook has agreed to buy photo sharing network Instagram for $1 billion in a combination of cash and stock, the company announced Monday.
It's Facebook's biggest acquisition ever, in both price and reach. With around 30 million active users, Instagram has the largest audience of any startup Facebook has purchased, Facebook CEO Mark Zuckerberg said in a blog post.
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Apple Seen Paying Some of $97.6 Billion in Cash as Dividend
Chief Executive Officer Tim Cook and Chief Financial Officer Peter Oppenheimer will host the call, scheduled for 9 a.m. New York time, Cupertino, California-based Apple said in a stat
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Apple Drives Record $1.24 Trillion of Company Cash
Excluding Apple, with $97.6 billion of cash and no outstanding debt, the figure was relatively unchanged at $1.15 trillion, even as revenue and cash flow from operations rose to a
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iPad trademark row in China threatens Apple
These rights are at the heart of a heated dispute between Shenzhen Proview and Apple Inc. AAPL -0.12% that dates to June 2010, when the U.S. electronics giant
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Apple to Unveil New IPad Next Month
“We have something you really have to see. And touch,” Apple said today in an invitation, which features a picture of an iPad screen. The new device will sport a high-definition display, run a faster
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Facebook Likes Google
Now we’ve all been hearing rumors and reading reports about a Facebook IPO for the longest time, so normally, I wouldn’t get excited about this “news.”
However, last week, trading
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Apple wrestles with its ‘China problem’
For now, the media spotlight is on Apple and its Taiwanese contract supplier Foxconn. But China’s leaders will also be shifting uncomfortably as the gaze of the in
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Apple Profit More Than Doubles on IPhone
Net income of $13.1 billion in the period that ended Dec. 31 ranked among the highest quarterly profits on record, putting Apple in the same league as energy com
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Microsoft speaks, market says So what?
Most remarkable would be what a couple of Microsoft MSFT +0.11% executives had to say about the outlook for PC s
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The 10 biggest stories of 2011 in mobile tech
Some of the year's top mobile stories were mostly hype (QR codes and cell phone radiation) or vaporware (those persistent iPhone 5 rumors). But other developments were genuinely important to the U.S. mobile landscape.
