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LinkedIn Shares Reach Record High

Mike Isaac in Social on March 13 at 1:41 pm PT

Not two days after Kara Swisher reported that LinkedIn would soon acquire the Pulse news reader app for more than $50 million, shares of LinkedIn were trading at a record high on Wednesday morning, reaching $181.47 at their peak before settling back down around $179, a gain of about 2 percent for the day. The company also reported record earnings last quarter, outperforming analysts’ expectations.

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Google Chairman Eric Schmidt to Sell Up to 42 Percent of Stake

Mike Isaac in News on February 8 at 3:32 pm PT

Eric Schmidt, former CEO and now Chairman of Google, plans to sell up to 3.2 million shares of his class A common stock in the company, according to an SEC filing published Friday. The amount is equal to approximately 42.1 percent of his overall stake in Google. Schmidt will sell off the shares over the coming year in a “pre-arranged trading plan,” created for a “long-term strategy of individual asset diversification and liquidity.”

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Twitter Now Reportedly Valued at $9 Billion

Mike Isaac in Social on January 25 at 2:44 pm PT

Twitter now holds a $9 billion valuation after investment firm BlackRock made an $80 million offer to purchase stock from early Twitter employees, the Financial Times reported on Friday. The new $9 billion number is a 10 percent valuation increase since the company last raised money in 2011, yet lower than the $10 billion and $11 billion valuations made last year after two secondary stock transactions. Twitter declined to comment on the report.

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Facebook COO Sandberg Sells $26 Million in Shares

Mike Isaac in Social on December 8, 2012 at 9:50 am PT

Sheryl Sandberg, chief operating officer of Facebook, sold nearly 1 million shares of company stock on Friday, according to an SEC filing. The sale comes after a strong November on the Nasdaq for Facebook shares, as the stock price rose nearly 40 percent over the past 30 days. Sandberg netted close to $26.2 million from the sale, though she still retains close to 20 million shares of company stock.

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Facebook Shares Jump as Employee Lockups Expire

Mike Isaac in Social on November 14, 2012 at 8:22 am PT

Facebook stock saw a 10 percent surge on Wednesday morning, up to a high of $22.09, as nearly 800 million employee shares became eligible for trading for the first time. It was widely expected that the stock would fall with the possibility of many employees finally being able to cash out.