Category: Markets

Mark Zuckerberg Made a Killing on Facebook Stock Last Year

Mark Zuckerberg Made a Killing on Facebook Stock Last Year

The co-founder and CEO of the social network brought in $3.3 billion by exercising stock options in 2013, a year after he made $2.3 billion from selling shares. The company’s stock has been on...

King IPO Gets Candy Crushed

King IPO Gets Candy Crushed

King Digital Entertainment, designer of the ultra-popular mobile game ‘Candy Crush Saga,’ saw its stock fall more than 15 percent on its first day of trading, closing at $19 per share, down from $22.50,...

Stocks Tumble in Russia After U.S. Adds Sanctions

Stocks Tumble in Russia After U.S. Adds Sanctions

Shares in banks and energy were down Stock markets in Russia plummeted on Friday as investors appeared spooked by the latest sanctions from the United States. Shares in Russia’s largest bank, Sberbank, fell by...

Stocks Jump, S&P 500 Closes at Record High

Stocks Jump, S&P 500 Closes at Record High

U.S. stocks jumped Thursday as the S&P 500 closed at a record high. The S&P 500 rose 9.13 points (0.49 percent) to 1854.29, breaking its previous high of 1,848.38 set on Jan. 15. The...

Goldman Sachs’ ‘elevator’ antagonist unmasked

Goldman Sachs’ ‘elevator’ antagonist unmasked

It turns out the tweets weren’t coming from inside Goldman Sachs’ elevator. They were coming from Texas. The man behind the Goldman Sachs Elevator Twitter persona @GSElevator was unmasked Tuesday by the New York...

Spotify May Be Preparing for Stock Market Launch

Spotify May Be Preparing for Stock Market Launch

The popular online music streaming service Spotify may be preparing for an initial public offering, as it recruits a U.S. financial reporting specialist required for an IPO. Companies that plan to go public have...

Twitter Tumbles on Growth Fears

Twitter Tumbles on Growth Fears

Shares in Twitter plunged about 22 percent in early trading on Thursday amid concerns that the social network not adding new users fast enough. Twitter opened trading on Thursday at $50.61 a share, after...

Twitter’s User Growth Is Slowing Because It’s Not Great for Conversations

Twitter’s User Growth Is Slowing Because It’s Not Great for Conversations

Twitter’s stock took a tumble Thursday after news the company’s user growth slowed last quarter, adding only 9 million new people in the last quarter of 2013. That’s the company’s slowest growth period since...

Why Shareholder Value Should Not Be the Only Goal of Public Companies

Why Shareholder Value Should Not Be the Only Goal of Public Companies

Carl Icahn’s bid to force online auction giant eBay to spin-off its payment processing business, PayPal, and eBay’s resistance to the idea once again highlights the disconnect that often exists between company shareholders and management....

Stocks Plummet on Manufacturing, Stimulus Blues

Stocks Plummet on Manufacturing, Stimulus Blues

Widespread angst over the global pace of recovery from the financial crisis has sent markets into a tumble, with the Dow Jones industrial average plummeting more than 300 points in trading Monday, and the...