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 Friday, May 18, 2012 Facebook Fails To Pop In IPO Debut Despite a long awaited IPO, the initial public offering of Facebook stalled out Friday, as the firm close up only slightly above its IPO price of $38.00, at $38.23. Facebook traded up slightly for part of the day, as high as $45.00 per share, but quickly settled back to its IPO pricing. Facebook priced at the very high end of its already high $34.00 to $38.00 per share range, but failed to move much after it hit the market as FB Friday morning. posted on Friday, May 18, 2012(Full story) Facebook Buys Karma On a busy day over at Facebook, the now-public social networking site has acquired Karma, a developer of mobile, social gifting applications which are integrated with Facebook. Financial terms of the deal were not disclosed. Karma said that the firm's service has been acquired by Facebook, and will continue top operate in "full force". Karma was founded in 2011, and was based in downtown San Francisco. posted on Friday, May 18, 2012(Full story) |
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