Facebook’s virtual gift market may turn out to be the best holiday shopping option for employees hoping to cash out some of their shares. On Thursday, the company postponed a program that would have allowed employees to sell up to 20 percent of their vested shares.
So much for “growth over profits,” or should I say “growth over as-of-yet-unrevealed meaningful profits”? Word on the street has it that Facebook is considering a program that would allow employees to sell up to 20 percent of their vested shares.
If Microsoft is buying, Facebook ain’t selling. Commenting on rumors that Microsoft may soon acquire the 98.4% of the social networking phenom that it doesn’t yet own, Facebook CEO Mark Zuckerberg said he’d prefer to keep things as they are now.
I would say it’s great. According to one of the car magazines, either Car & Driver or AutoWeek, it’s apparently the best kind of mid-speed acceleration of any car they ever tested. So that’s perfect for when you’re driving on the highway and you want to make a lane change or something like that. It’s [...]
Oracle CEO Larry Ellison’s had a hell of a week, hasn’t he? Yesterday, Oracle shrugged off concerns about a tech slowdown, besting Wall Street’s expectations with a 35% gain in its second-quarter earnings. And then today, shares of NetSuite, the “software as a service” venture of which he is a principal owner, priced at $26 [...]
Larry Ellison’s other company is finally going public. Today, NetSuite–the software-as-a-service company of which Ellison is a majority owner–opened bidding on the 6.2 million common shares it plans to sell in a modified Dutch auction.
Assuming the IPO goes off as planned–and given the healthy market for tech IPOs, there’s every reason to believe it will–NetSuite [...]
It seems investors just can’t get enough of Alibaba. Shares in China’s largest e-commerce company skyrocketed 290% yesterday, its first day trading as a public company.
The company’s stock closed at HK$39.50–155 times next year’s estimated earnings. A jaw-dropping multiple even by the giddy standards of the Hong Kong and Chinese stock markets. Value of Alibaba [...]
The fat lady of justice has finally sung for Frank Quattrone. A federal judge yesterday officially dismissed criminal charges against the defrocked Silicon Valley financier, clearing him of charges that he obstructed an investigation into Credit Suisse First Boston’s practice of steering shares of hot IPOs to favored investment-banking clients. “Today, the legal system has [...]
George Reyes, the man who stewarded Google through its unorthodox IPO, is taking some time off to enjoy a bit of the wealth that the offering created. Late yesterday afternoon, Google said Reyes plans to retire as chief financial officer as soon as the company finds his replacement. “I’ve known and admired George since [...]
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
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