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Before You Get Excited About the Facebook IPO…
For more than a year there has been rampant speculation about a Facebook IPO, and now it finally appears as though one is on the way.
The social media giant could file papers for an initial public offering as soon as Wednesday, according to a report from The Wall Street Journal. The company is looking at a deal that would value the social media giant between $75 billion and $100 billion, the WSJ reported, making it one of the biggest in U.S. history.
Scott Sweet of IPO Boutique told MarketWatch a Facebook IPO will likely lead to "pandemonium."
"It's absolutely massive," Sweet said in an interview. "The mere drop of a hint will cause pandemonium."
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).
The 2012 State of the Union Tax Reforms That Could Affect You
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Five Things Obama Didn't Want You to Hear in His State of the Union
Seeking to put the best possible spin on his message, President Barack Obama took some liberties with the truth in his State of the Union address.
Although the president never actually lied, he repeatedly left out facts that contradict his claims of success.
President Obama hadn't yet left the House chamber when the reality check started. And it didn't take long to find some pretty big the holes in the State of the Union address.
Obama's Trade Enforcement Unit and the Looming Trade War with China
Tags: china import, china trade, enconomic news, export, State of the Union, trade enforcement unit, us currency, US Economy, us trade growth
List of Apple Inc. (Nasdaq: AAPL) Suppliers
In a fortuitous turn of events for investors, notoriously secretive Apple Inc. (Nasdaq: AAPL) has released a list of more than 150 of its suppliers.
But for investors, the list of suppliers is a potential a treasure trove. Although many of the names on the list were known, some are new and represent possible ways to play Apple without paying the premium for Apple stock.
Apple was compelled to release the list of suppliers to mollify critics who accused the Cupertino, CA,-based company of being complicit in questionable workplace practices in parts of its Asian supply chain.
According to Apple, the list of suppliers represents "97% of Apple's procurement expenditures for materials, manufacturing, and assembly of Apple's products worldwide."
What's Different About this Week's FOMC Meeting
Tags: federal open market committee meeting, Federal Reserve, FOMC decision, FOMC Meeting, FOMC meeting schedule 2012, FOMC members, FOMC rate decision, FOMC statement, open market operations
Tech Stocks to Watch: Apple Inc. (Nasdaq: AAPL), Research in Motion (Nasdaq: RIMM), Guidewire Software
Research in Motion Ltd. (Nasdaq: RIMM), Apple Inc. (Nasdaq: AAPL), and a software company's IPO round out the biggest headline-making tech stocks this week – but not all are "Buys."
Major change for RIM: Research in Motion, the struggling Blackberry smartphone maker, has named a new Chief Executive Officer to replace co-CEOS Mike Lazaridis and Jim Balsillie – but could be too little, too late for RIM.
The company announced Monday morning that RIM-insider Thorsten Heins would take over the reins effective immediately. Lazaridis will stay on as vice chairman of the board; Balsillie will stay as a director.
The Verdict Is In: End Congressional Perks
Three-day workweeks. A full pension. Retirement benefits. Gym memberships. Car service. Free flights to anywhere in the world and travel allowances worth thousands of dollars…
With so many Americans struggling to just find a job, isn't time we put an end to Congressional perks like these?
That's the question we put to you just a few short weeks ago. And we're happy to say the response has been overwhelming.
We've been inundated with comments and responses. Here's just a small sampling:
Obama's Rejection of the Keystone XL Oil Pipeline is Pure Politics
Tags: Keystone oil pipeline, Keystone XL oil pipeline
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