Two weeks ago, new posters began appearing at the headquarters of Facebook Inc. The posters proclaimed: “Advertisers are users too*.” At the bottom of the page, in smaller font, was the phrase “*no srsly,” Internet shorthand for “no seriously.”
Nasdaq OMX Group Inc. plans to set aside $10 million in anticipation of settling a regulatory investigation into its handling of Facebook Inc.’s stock-market debut, according to people familiar with Nasdaq internal discussions.
U.S. regulators approved a plan by Nasdaq OMX Group Inc. to pay customers as much as $62 million for losses stemming from last year’s bungled Facebook Inc. stock-market debut, though the decision left the door open for Wall Street firms to take further legal action.
Marin Software, the latest in a string of initial public offerings of marketing software companies, came out today with a strong start, showing that investors are eager for new ways to tap into the shift of advertising dollars into the digital world.
Investors banking on the latest advances in international money transfers bid up shares in the IPO of Xoom Corp., which lets customers wire cash across borders using the Web. The stock jumped 45 percent.
Facebook Inc., facing multiple shareholder lawsuits related to its botched initial public offering, scored an initial legal victory when a federal judge in New York Wednesday dismissed a group of cases against the social networking company.
Nasdaq OMX Group Inc. is in preliminary talks with U.S. securities regulators over a potential settlement related to its botched handling of last year’s Facebook Inc. stock-market debut, according to people with knowledge of the discussions.