MediaScrape News

Facebook IPO Filing Shows Social Network Giant Valuing Itself at $100 Billion

admin — Thu, 02 Feb 2012 04:46:36 +0000

Facebook said in a filing that it was seeking to raise up to $5 billion through its I.P.O., and that the social network giant is aiming for a debut that would value it between $75 billion and $100 billion.

Google Links:

Facebook IPO filing shines a light on company’s financesLos Angeles Times

Factbook: Facebook’s laundry list of risksReuters

Featured:Facebook IPO: Top 10 Things to Do While You WaitMashable – by Stephanie Haberman

Highly Cited:Facebook Sets Historic IPOWall Street Journal

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Morgan Stanley to Lead Facebook Filing for $5 Billion IPO

admin — Tue, 31 Jan 2012 22:39:37 +0000

Facebook is planning to file the prospectus for its initial public offering (IPO) this week.

The social networking giant plans to list a preliminary fund-raising goal of approximately $5 billion.

Facebook is expected to pick Morgan Stanley as the lead bank for the offering, putting it in the coveted “lead-left” position of the underwriters listing.

Google Links:

Report: Facebook to Unveil Prospectus for $5B IPO Wednesday Morning‎ Fox Business
Facebook Plans to File $5 Billion IPO on Wednesday‎ New York Times
Facebook to File Wednesday For $5 Billion IPO‎ CNBC.com
TIME – Bloomberg
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U.S. Congressional Reports Federal Deficit of $1 Trillion

admin — Tue, 31 Jan 2012 18:31:41 +0000

The U.S. Congressional Budget Office (CBO) affirms that the annual federal deficit will reach $1 trillion in 2012, for the fourth year in a row.

However, the deficit will be the smallest since 2009, when the government began spending more to help drive the economy out of recession.

The 2012 deficit is currently projected at $1.1 trillion, which is down from $1.4 trillion the previous three years.

The CBO predicted that the deficit would fall dramatically in 2013, as the Bush tax cuts expire and deep cuts to the Pentagon will take effect.

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CBO: $1.1T deficit, at least 8% jobless rate this year‎ USA TODAY
US deficit to top $1 trillion, smallest since ’09‎ Washington Post
US budget deficit to dip to $1.1T‎ The Associated Press
Wall Street Journal – Bloomberg
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Bain Capital Ventures Raises $600 Million, as Venture Capital Surges

admin — Tue, 31 Jan 2012 01:09:09 +0000

The largest venture capital firms, keep getting bigger.

Bain Capital Ventures, for example, has raised $600 million for a new fund, its largest to date.

Bain Capial Ventures, which had previously raised a total of $1.48 billion, affirms that the round was “significantly” oversubscribed, with new investors making up about 15% of the fund.

The announcement comes while many of the largest venture firms in Silicon Valley are bulking up: Over the last twelve months, several have raised funds containing more than half a billion dollars. For example, Andreessen Horowitz, the firm led by Netscape co-founder, Marc Andreessen, is said to be seeking $1.5 billion in new capital.

Accel, an early investor in Facebook, closed several funds in 2011, totaling more than $2 billion.

Google Links:

Bain Capital Ventures Raises $600 Million Fund‎ New York Times
Bain Capital Ventures raises $600M fund‎ Boston Business Journal (blog)
Bain Capital Raises $600M Fund‎ Daily Beast
BostInno – Law360 (subscription)
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U.S. Treasury Secretary Timothy Geithner on Economy at World Economic Forum

admin — Fri, 27 Jan 2012 17:22:18 +0000

As the economy takes center stage in the U.S. Presidential campaign, U.S. Treasury Secretary Timothy F. Geithnerdelivered an upbeat growth outlook at the World Economic Forum, but warned that America’s recovery could still be derailed by geopolitical and financial troubles abroad.

The U.S. is likely to grow at 2 to 3% this year, Mr. Geithner told a large audience at the World Economic Forum, unless Europe fails to keep a lid on its chronic sovereign debt crisis or a rise in tensions between Iran and the international community stoke global oil prices.

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Geithner Urges Bigger Euro ‘Firewall’ as Condition for More Help‎ BusinessWeek
Geithner presses Europe to increase crisis firewall‎ Reuters Canada
Geithner urges bigger financial firewall in Europe‎ MarketWatch
AFP
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Marc Andreesen Raising $1.5 Billion for Technology Fund

admin — Thu, 26 Jan 2012 17:16:00 +0000

Marc Andreessen, the venture capitalist who was a co-founder of Netscape, is endeavoring to raise $1.5 billion from investors for his namesake firm, with $900 million earmarked for a main fund, and $600 million for a parallel fund.

The round would more than double assets for the firm, Andreessen Horowitz, which currently has $1.2 billion under management, spread across three funds.

Google Links:

Andreessen rumored to be looking for $1.5 billion in new funding‎ CNET
Andreessen Is Said to Seek $1.5 Billion in Fund-Raising‎ New York Times
Marc Andreessen Makes a Massive Venture Capital Land Grab for $1.5 …‎ Betabeat
San Jose Business Journal
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Facebook Trades Halted as Social Network Giant Readies IPO

admin — Wed, 25 Jan 2012 17:45:49 +0000

As Facebook readies for an initial public offering (IPO), the social networking giant’s lawyers have halted the trading process for shares of the company.

Facebook’s law firm Fenwick & West halted the clearance of trades for Facebook shares on the secondary market, according to people with knowledge of the matter.

Although trades may still transpire on the secondary markets, the firm will not officially sign-off on any transfers at this juncture.

Google Links:

Highly Cited: Facebook Trades Are Said to Be Halted for Three Days This Week‎ BusinessWeek
Blog: Facebook to halt trading shares for three days (rumor)‎ ZDNet (blog)
As IPO Looms, Facebook Halts Clearing of Trades‎ New York Times
Bizjournals.com – Bloomberg
all 61 news articles »

George Soros tells World Economic Forum to Save Eurozone, not Greece

admin — Wed, 25 Jan 2012 16:09:30 +0000

Billionaire investor George Soros told the World Economic Forum in Davos that it was possible Greece could be pushed out of the euro zone this year.

“The odds, let’s say, are in that direction,” Mr. Soros said.

Instead of working to keep the country as a member of the single currency, Soros added, European policy makers should focus on saving the rest of the euro bloc.

Google Links:

n-Depth: George Soros predicts riots, police state and class war for America‎ RT
Blog: DAVOS: Soros Offers A Prescription For Euro Zone‎ Barron’s (blog)
Live Updating: Davos 2012: live‎ Telegraph.co.uk
CNBC.com – New York Times
all 129 news articles »

BlackBerry Maker Research In Motion and Yahoo Remain Stagnant Stocks

admin — Tue, 24 Jan 2012 19:11:07 +0000

As the video illustrates below, CNBC‘s Jim Cramer highlighted the fact that while the stock prices of both Yahoo! and BlackBerry maker Research In Motion are low, that neither has a turnaround strategy.

Moreover, Cramer points out that neither could be a takeover target, despite their low stock price.

3 Tech Giants, 3 New CEOs, One Future‎ Investorplace.com
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China Cracks Down on Tibetan Protesters

admin — Tue, 24 Jan 2012 19:00:32 +0000

Chinese security forces have unleashed a harsh crackdown on Tibetan protesters, as Chinese forces fired tear gas at Tibetan protesters in Sichuan province, according to an activist group, just a day after forces fired on a crowd of demonstrators.

As many as six people died in the clash.

China’s state news agency affirmed that one protester was killed, and five police officers were injured in yesterday’s clash, which it described as a crowd of people, including monks, smashing stores along the town’s main street.

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International: Tibetan prisoner paralysed after severe torture, released‎ Phayul
Blog: China Criticizes ‘Hyped’ Reports of Tibetan Clashes‎ Voice of America (blog)
Chinese forces break up Tibetan protest with tear‎ Reuters
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