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Hot Stocks1As the microblogging giant prepares to come to market, tweets speculating about the value of Twitter stock abound...
On Sept. 12, the online social networker announced it filed confidential S-1 papers to the Securities and Exchange Commission for an initial public offering (IPO). No doubt that Twitter hoped filing confidentially might help it avoid the rampant and sometimes damaging speculation suffered by some of its Internet-based IPO brethren, like Groupon Inc. (Nasdaq: GRPN) and Facebook Inc. (Nasdaq: FB), both of which lost over half their value within six months of listing.Read more...
Facebook (Nasdaq: FB) Banking App A Glimpse of Things to Come
Facebook Inc. (Nasdaq: FB) may have found another way to get its 900 million users to spend even more time on the social networking site - online banking.
According to a CNN Money report, Facebook has been working with Australia's Commonwealth Bank to create an online banking app, although the company has not made a lot of noise about the project.
Facebook began beta-testing the banking app in March, and it's expected to go live sometime later this year.
With so many people already connected via Facebook, offering a banking option may just be a logical next step. And if it succeeds, the Facebook banking app could change how people conduct transactions online.
The new Facebook app would not only allow users to conduct secure transactions with their bank, but also would enable payments to third parties and Facebook friends.
So members of the social media network who adopt the Facebook banking app will be able to pay their household bills and balance their checkbook in addition to the usual Facebook activities like uploading photos and updating their status.
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Facebook IPO: How You Could Get Shares in the $100 Billion King of Social Media
For more than a year there has been rampant speculation about a Facebook IPO, and now one is finally on the way.
According to a report in The Wall Street Journal, Facebook is looking at a deal that would value the company between $75 billion and $100 billion, WSJ reported, making it one of the biggest in U.S. history.
Facebook is looking to raise as much as $10 billion, which would make it the fourth-largest U.S. IPO behind Visa Inc. (NYSE: V), General Motors Co. (NYSE: GM), and AT&T Wireless. A $100 billion valuation would make Facebook worth as much as global powerhouse McDonald's Corp. (NYSE: MCD).
WSJ reported Morgan Stanley (NYSE: MS) would be the lead underwriter, a job that could give the firm more than $500 million in fees. [But that $500 million could lose 90% of its value if this government practice is allowed to continue. Major financial companies won't be the only ones threatened, either. This will hit everyone's investments - and could devour a huge chunk out of your retirement account. Take a look at our latest free report right here for details.]
A strong performance by Facebook could test the idea that social media companies are overhyped. But before you get excited about Facebook shattering that theory, you'd do well to look at some of the other hot tech IPOs of the past year.
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Does Social Media Belong in Your Portfolio?
With a flurry of tech and social media initial public offerings (IPOs) for investors to consider, should they become a part of everyone's portfolios? Money Morning Chief Investment Strategist Keith Fitz-Gerald joined FoxBusiness' "Bulls & Bears" program to discuss the best route for investors and what stocks the experts favor. Loading the player …