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Facebook IPO Filing Could Come Next Week
MENLO PARK (CBS/AP) – When Facebook makes its long-expected debut as a public company this spring, the social-networking company will likely vault into the top ranks of the largest public companies in...
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Facebook Shares Drop After Barron’s Article Dubs Stock ‘Still Too Pricey’
MENLO PARK (CBS/AP) — Facebook’s stock was down sharply after an article in the financial magazine Barron’s said it is “still too pricey” despite a sharp decline since its initial public offering....
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Apple Stock Falls Below $600 For 1st Time Since July
CUPERTINO (CBS/AP) – Apple’s stock fell below $600 Friday for the first time in three months, after the consumer electronics behemoth warned that costs of making new products will cut into profits in...
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Facebook Stock Falling As Employees Begin Selling Shares
MENLO PARK (CBS/AP) – Facebook’s stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company. A lock-up period that had prevented such sales expired on...
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Flood Of Facebook Shares Hit Market, Price Jumps
MENLO PARK (CBS/AP) — Facebook’s biggest lock-up period – a time following an IPO that prevents insiders from selling stock – expires on Wednesday. This means employees, former employees, and investors...
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China Overtaking U.S. As Global Trader
SEOUL, South Korea (AP) — Shin Cheol-soo no longer sees his future in the United States. The South Korean businessman supplied components to American automakers for a decade. But this year, he uprooted...
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Netflix Stock Jumps 37 Percent In 1 Day
SAN FRANCISCO (AP) — Netflix stock is on its way to its biggest one-day gain since the video subscription service went public more than a decade ago. The stock had climbed $38.40, or 37 percent, to...
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New York Stock Exchange Halts Trading Due To Technical Glitch
NEW YORK (CBS) — Trading at the New York Stock Exchange was halted late Wednesday morning because of a technical issue, the exchange said. “We’re currently experiencing a technical issue that we’re...
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San Francisco Banking Analyst, 2 Others Arrested In Alleged Insider Trading...
SAN FRANCISCO (CBS SF) — A San Francisco investment banking analyst and two of his friends were arrested Tuesday morning for acquiring more than $600,000 on the stock market in an insider trading...
View ArticleRobinhood Raises $3.4B From Investors Amid Surge In Trading
MENLO PARK (CBS / AP) — Popular Bay Area-based online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall...
View ArticleFamily Sues Robinhood After Stock Trader Kills Himself Mistakenly Believing...
SANTA CLARA (CBS SF/AP) – A family has filed a lawsuit against Robinhood Financial claiming the company’s practices led to their son’s suicide because he mistakenly believed he lost $700,000. The...
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