stocks

Apple's technology chief Bob Mansfield has sold off another sizable chunk of his company stock.

According to a filing with the U.S. Securities and Exchange Commission this afternoon, Mansfield yesterday let go of 35,000 shares, worth just over $20.37 million.

Mansfield, who joined Apple when the company acquired Raycer Graphics in 1999, now has a little under 30,000 shares, a tally that does not include restricted stock units given out as bonuses.

A leaked company-wide e-mail from Cook last month noted that Mansfield would be staying on with Apple for another two years.

Mansfield, of … Read more

The phony press release sent out this morning on PRWeb detailing Google's acquisition of Wi-Fi provider ICOA for $400 million may have been an attempt to move the company's penny stock.

The company's stock started trading this morning at $0.0001 and steadily climbed throughout the morning to $0.0005, where it peaked around 11:30 a.m. ET. Once news trickled out that the press release was a hoax, the company's stock price sharply dropped to $0.0001 again. And it has bounced between that price and $0.0002 since then.

The fake press release … Read more

If you think your tax bill was bad, try being Marc Andreessen.

The venture capitalist and Facebook board member disclosed today in an SEC filing that he sold more than 2.3 million shares of Facebook at prices ranging from $22.85 to $23.83 per share. All told, the sales added up to more than $54.1 million.

The selling is not a reflection of his belief in Facebook, however. Rather, he's using the money to pay taxes that he owes from his restricted stock units, which were recently converted into actual shares. Facebook said in September that … Read more

When Facebook added a slew of retail partners to its Gifts product last week -- complete with a splashy party at FAO Schwartz in New York -- some observers got excited about the social network's ongoing march into e-commerce, even claiming (incorrectly, I would argue) that this helped push the stock up more than 6 percent on Friday.

Not so fast.

Facebook's decision allowing users to buy and send physical gifts is a shrewd move that could potentially grow into a $1 billion business (more on that in a moment). For now, however, the play seems less about … Read more

Apple's stock is up nearly 6 percent in midday trading today, marking a minor recovery for the stock, which has declined more than 20 percent since reaching an all-time high in September.

Shares of Apple were at $557.99, up $30.31, or 5.74 percent, in trading on Monday, coming close to where the stock sat 12 days ago, but far from the high of $705.10 two months ago. The stock hit a nine-month low on Friday, before closing up later in the day.

The recovery comes amid reports that Apple's seeing strong sales of its … Read more

Recently-appointed Apple hardware chief Dan Riccio sold off nearly $11 million in company stock this week.

The sales, which took place yesterday and today and were detailed in a regulatory filing, included 19,726 shares, with another 1,000 that are given away as a charitable donation. All told, the value of the shares that were sold tallied up to a little more than $10.73 million.

To put things in perspective, Riccio along Craig Federighi, Apple's senior vice president of Mac Software Engineering, were given 75,000 shares of company stock as part of promotions in September, worth … Read more

Zynga has been in a downward spiral the past several months. It's been hit from all sides, from plummeting share prices to Anonymous cyberattacks to a mass exodus of its top employees.

Despite CEO Mark Pincus' public positive attitude and go-getter mentality about the future of the gaming company, an article by the Wall Street Journal today reports that he may be less enthusiastic behind the scenes. According to interviews with dozens of current and former Zynga employees and investors, Pincus is apparently grappling with how to save the company.

During a September meeting between Pincus and business coach … Read more

Andreessen Horowitz, the famed venture-capital firm run by Marc Andreessen and Ben Horowitz, is not selling the Facebook shares it acquired through direct investment.

Reports surfaced yesterday saying that Andreessen Horowitz, one of the earliest and biggest investors in Facebook, was offloading some shares it directly acquired through investment in the social network following a mandatory lockup period. However, a Securities and Exchange Commission filing has revealed that only Marc Andreessen himself has personally offloaded some shares. According to TechCrunch, which was first to report on the news, a spokesperson from Andreessen's firm said that the sales will only … Read more

Apple shareholders will be cashing in tomorrow -- the day has come for the second installment of the mega-rich company's dividend program. Apple, which has 935 million outstanding shares, will distribute $2.65 per share to its shareholders -- adding up to a grand total of a $2.5 billion payout, according to Apple Insider.

This is just the second time in the last 17 years that Apple has paid some of its excesses to its shareholders. The company, which hasn't paid a regular cash dividend since 1995, has billions in cash and liquid assets and carries no … Read more