NEW YORK (Reuters) - Just when brokers thought Mom-and-Pop investors were getting excited about the stock market, along came Facebook. The 17 percent plunge in Facebook's shares since its ballyhooed debut last Friday, coupled with Nasdaq's mishandling of opening day trading, is spooking the very investors who had seemed the most intrigued by the offering, said Wall Street executives. ... read more..
For a social network that's, for lack of a better term, monogamous, social network for couples Pair has just raised funding from so many high-profile investors I'm having trouble picking who to include in this headline, and seriously running out of room.Investors in the company's recent $4.2 million seed round include Ashton Kutcher's A-Grade Ventures, Dave Morin, Paul Buchheit, Founder Collective, SV Angel, Lerer Ventures, Michael Birch, Sam Altman, CrunchFund, Tencent, Yuri Milner, Betaworks, Alexis Ohanian, Garry Tan, Harjeet Taggar, Gary Vaynerchuk, Brandee Barker, Brian Pokorny, Elad Gil, and Susan Wu. This sounds like it would be an amazing dinner party. read more..
(Reuters) - Facebook diminishes shareholder rights with its dual-class share structure and limits the accountability of its board of directors to investors, proxy advisory group Institutional Shareholder Services said on Monday. It is unclear how much the criticism will affect investors' willingness to park their cash in the fast-growing social networking company, which filed registration papers earlier this month for what is expected to be the largest initial public offering in Silicon Valley history. ... read more..
