That’s just like not something we’re really interested in. I mean, yeah, we can make a bunch of money—that’s not the goal.
Mark Zuckerberg, 2004, on “The Facebook”
Individual investors were left guessing for more than two hours on Friday about whether their buy and sell orders for newly issued Facebook shares had been actually executed. The Nasdaq Stock Market, where Facebook is listed, had problems sending electronic messages back to the brokerages that handle orders from individual, or “retail,” investors, according to people with direct knowledge of the situation. Because the electronic acknowledgements didn’t come back from the exchange, the brokers were unable to tell their clients that trades had been executed. Such acknowledgements usually occur almost instantaneously. “Nasdaq’s delay in passing back executions is causing a lot of heartburn on the Street,” said one source. “We had to tell clients we didn’t get the print back,” said another. READ MORE: Facebook investors left guessing after Nasdaq glitch
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Individual investors were left guessing for more than two hours on Friday about whether their buy and sell orders for newly issued Facebook shares had been actually executed.

The Nasdaq Stock Market, where Facebook is listed, had problems sending electronic messages back to the brokerages that handle orders from individual, or “retail,” investors, according to people with direct knowledge of the situation.

Because the electronic acknowledgements didn’t come back from the exchange, the brokers were unable to tell their clients that trades had been executed. Such acknowledgements usually occur almost instantaneously.

“Nasdaq’s delay in passing back executions is causing a lot of heartburn on the Street,” said one source. “We had to tell clients we didn’t get the print back,” said another.

READ MORE: Facebook investors left guessing after Nasdaq glitch

thesochillnetwork: you know what’s cool… We did the source on that graph.
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thesochillnetwork:

you know what’s cool…

We did the source on that graph.

Source: thesochillnetwork

Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price. The stock opened 11 percent higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. The No. 1 online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history. After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company’s closely watched stock began trading at $42.05, compared with an IPO price of $38. To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg — flanked by Chief Operating Officer Sheryl Sandberg and Nasdaq Chief Executive Robert Greifeld — rang the bell to kick off trading at the company’s Silicon Valley headquarters at 6:30 a.m. Pacific time. The 28-year-old billionaire founder hugged and high-fived Sandberg and other employees in celebration after he pressed the remote button. READ MORE: Facebook fizzles in debut, shares skirt IPO price
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Facebook Inc shares fizzled on their first day of trade on the Nasdaq, erasing early gains of as much as 18 percent to trade close to their initial public offering price.

The stock opened 11 percent higher and rose to $45 before rapidly heading south in frenzied trade, touching its initial public offering price of $38. The No. 1 online social network raised as much as $18.4 billion in one of the biggest initial public offerings in U.S. history.

After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company’s closely watched stock began trading at $42.05, compared with an IPO price of $38.

To rapturous applause from employees, Facebook Chief Executive Mark Zuckerberg — flanked by Chief Operating Officer Sheryl Sandberg and Nasdaq Chief Executive Robert Greifeld — rang the bell to kick off trading at the company’s Silicon Valley headquarters at 6:30 a.m. Pacific time.

The 28-year-old billionaire founder hugged and high-fived Sandberg and other employees in celebration after he pressed the remote button.

READ MORE: Facebook fizzles in debut, shares skirt IPO price

Live coverage of the Facebook IPOFacebook employees high-five each other before entering the company’s headquarters in Menlo Park before the company’s IPO launch, May 18, 2012. Facebook Inc, will begin trading on the Nasdaq market on Friday, with it’s initial public offering at $38 per share, valuing the world’s largest social network at more than $100 billion. REUTERS/ Beck Diefenbach
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Live coverage of the Facebook IPO

Facebook employees high-five each other before entering the company’s headquarters in Menlo Park before the company’s IPO launch, May 18, 2012. Facebook Inc, will begin trading on the Nasdaq market on Friday, with it’s initial public offering at $38 per share, valuing the world’s largest social network at more than $100 billion. REUTERS/ Beck Diefenbach

The rise of mobile isn’t a menace to the likes of Google, Facebook and Amazon. It’s potentially the biggest windfall of their lives, because making money in mobile will be all about building a revolutionary new payments system. Banking in 20 years will be profoundly different from what it is today, and the companies that Eric decries are very likely to be the ones who win the most.

Paul Higgins- I would not be so sure. This will be an inteersting headline to highlight in five years time one way or the other

Google and Facebook Dead in 5 Years? Fat Chance! - Forbes (via futuristgerd)

(via emergentfutures)

Source: futuristgerd

For those of you looking to buy some stock in Facebook, mark your calendars for May 17.

shortformblog:

For those who don’t give a Zuck, that just leaves more to invest for the rest of us.

Source: Mashable

Why did Facebook buy Instagram for $1 billion? The price was stunning for an apps-maker without any significant revenue, even when measured by the lofty standards of Silicon Valley, where startup valuations have soared in recent years. It highlights the rising stakes in the social networking market in which services such as Facebook need to constantly excite consumers with new features and mobile applications. By acquiring Instagram - in a deal announced days after the startup closed a funding round that valued it at $500 million - Facebook may also have sought to absorb a potential rival or at least prevent it from falling into the hands of a major competitor like Twitter or Google Inc. “Anytime you see a social platform that’s growing that quickly, that’s got to be cause to be nervous,” said Paul Buchheit, a partner at the start-up incubator program Y Combinator and a co-founder of FriendFeed, which Facebook acquired in 2009. “It would be better to have bought Twitter at this stage,” he said of Facebook. “So if you’re thinking this could be the next Twitter, it could be a smart thing to do.” READ MORE: Facebook acquires two-year-old app InstagramPHOTOS: Inside Facebook’s new Menlo Park, California HQREUTERS TV: Instagram may not be Facebook’s last big purchase
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Why did Facebook buy Instagram for $1 billion?

The price was stunning for an apps-maker without any significant revenue, even when measured by the lofty standards of Silicon Valley, where startup valuations have soared in recent years. It highlights the rising stakes in the social networking market in which services such as Facebook need to constantly excite consumers with new features and mobile applications.

By acquiring Instagram - in a deal announced days after the startup closed a funding round that valued it at $500 million - Facebook may also have sought to absorb a potential rival or at least prevent it from falling into the hands of a major competitor like Twitter or Google Inc.

“Anytime you see a social platform that’s growing that quickly, that’s got to be cause to be nervous,” said Paul Buchheit, a partner at the start-up incubator program Y Combinator and a co-founder of FriendFeed, which Facebook acquired in 2009.

“It would be better to have bought Twitter at this stage,” he said of Facebook. “So if you’re thinking this could be the next Twitter, it could be a smart thing to do.”

READ MORE: Facebook acquires two-year-old app Instagram
PHOTOS: Inside Facebook’s new Menlo Park, California HQ
REUTERS TV: Instagram may not be Facebook’s last big purchase

Mark Zuckerberg: Facebook acquires Instagram

From Facebook’s Mark Zuckerberg:

I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook.

For years, we’ve focused on building the best experience for sharing photos with your friends and family. Now, we’ll be able to work even more closely with the Instagram team to also offer the best experiences for sharing beautiful mobile photos with people based on your interests.

We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook.