stocks

In the wake of its mishandled initial public offering on Nasdaq last week, Facebook is reportedly considering a proposal to switch its stock listing to the New York Stock Exchange.

Executives at the social network and the NYSE have exchanged phone calls and e-mails regarding a possible switch, a person familiar with the matter told Bloomberg. A Facebook representative declined to comment on the report, but NYSE representatives denied such negotiations were occurring.

"There have been no discussions with Facebook regarding switching their listing in light of the events of the last week, nor do we think a discussion … Read more

In today's show, Facebook shareholders are fuming, Windows Phones need updating and Prime subscribers are streaming:

Facebook and several banks have been slapped with a lawsuit, accused of hiding some details about revenue estimates days before the stock went public. The charge is this: Facebook spoke with select analysts about additional information on revenue expectations than what was disclosed in amended filings. Smaller investors are upset they were left out of the loop, and say they lost money because they didn't know the full picture. But even if Facebook did give extra info to analysts, it's not … Read more

Apple's chief executive was the highest-paid CEO during 2011, according to a study put out by the Wall Street Journal and the Hay Group consulting firm earlier today.

Cook was granted a pay package worth $378 million after becoming Apple's chief executive last August. Though as the Journal notes, there are some serious strings attached.

The stock grant, which was unveiled in a January proxy filing, had restrictions that keep Cook from collecting the first half of the shares until 2016, with the other half in 2021. Nonetheless, Apple's stock price at the time they were valued … Read more

Last update: 1:38 p.m. PT

So, it looks like investors are not too happy with Facebook today.

The company's shares plummeted in early trading, hitting a low of $33, down some 13 percent, shortly after the opening bell. By the end of the day, they had recovered slightly to close out at $34.03, down 11 percent for the first full day of post-IPO trading.

The poor performance puts Facebook much lower than its $38 initial offering price and its Friday close at $38.23. The humongous social network made its attention-grabbing stock market debut Friday.

The … Read more

Facebook's shares are trading lower on their second day on Nasdaq.

In pre-market trading this morning, the company's shares dropped 4.37 percent to $36.56, leaving them below their initial $38 offering price and their first-day close of $38.23.

Facebook's shares rose to a high of $45 on Monday before flirting with falling below their initial price. It was believed that the stock was buoyed by underwriters to ensure it didn't slip below $38.

Aside from Facebook finally going public, the big story on Friday was Nasdaq delaying its opening due to a technical glitch. … Read more

We have lift-off! It's a new era for social media, space exploration and... shoes?

Update: The SpaceX rocket launch was aborted at the last minute and rescheduled for Tuesday, May 22 at 3:44 a.m. Eastern.

Facebook ended its first publicly traded day right where it began: at $38 a share. CEO Mark Zuckerberg rang in the Nasdaq opening bell virtually from the Silicon Valley campus, and later, shares began trading at around $42 each. Facebook's bankers saved the IPO, keeping shares barely above $38. From this IPO, Facebook raised $16 billion. That's almost 10 times … Read more

Facebook today revealed that it will have more shares than expected available to investors when it goes public on Friday. But the social network won't be the one cashing in on it.

Facebook will now offer up to 484.4 million shares of class A common stock, including overallotment, when it goes public on Friday. In a filing yesterday, Facebook revealed that it was only planning to go public with a maximum of 388 million shares. The increase has pushed the maximum amount of cash potentially secured in the offering up $3.66 billion from $14.7 billion to $… Read more

In today's show, the postman always scans twice, a new Kindle could let you read in the dark, and catch all the Pokémon hiding in your living room:

We're keeping a close eye on Facebook as it prepares to go public on the Nasdaq this week. Values for its initial public offering are in the $34 to $38 range. At the high end, it would make Facebook worth more than $100 billion. But we will find out Thursday what the actual initial stock price will be.

But will it keep that high value for long? A poll shows … Read more

Embroiled in shareholder lawsuits, its stock plunging, and still headed by a CEO criticized as unpredictable, Groupon has found things a bit hectic recently. Which may explain a minor board shakeup that looks a lot like an attempt to put some grownups in control of things.

Financial veterans American Express CFO Daniel Henry and Deloitte vice chairman Robert Bass are to join Groupon's board.

"With their deep financial, accounting, and operational experience, Dan and Bob will provide invaluable expertise to the Board going forward," Groupon Chairman Eric Lefkofsky said in a statement.

Henry joined the board April … Read more