Category: Stock market
In the latest example of VC chatter - wherein multiple venture capitalists simultaneously blog about a hot issue - the topic du jour is the debate between convertible debt and equity rounds. The spark came from a Friday night tweet by Y Combinator founder Paul Graham (yes, he finally joined Twitter) that declared convertible notes victorious since each of this summer's YC class opted for them.Continue
Following up on years of Facebook saying that it is not planning to make an initial public offering any time soon or not commenting on rumors to that effect, a new report out… basically has that same message. “Facebook Inc. will probably put off its initial public offering until 2012, giving Chief Executive Officer Mark Zuckerberg more time to gain users and boost sales, three people familiar with the matter” tell Bloomberg.Continue
The electric car startup Tesla Motors made history this morning: the first IPO for an American car company since Ford in the 1950s.
Eyes are on the company for a number of reasons: questions about the profitability of the green tech industry, the applicability of the VC investment model to the auto industry, the continuation of the post-Paypal success streak, and the possible reprise of the once-great technology IPO.Continue
Technology-focused private equity firm Elevation Partners has bought 5 million stock shares from Facebook for $120 million, according to a recent letter it sent to limited partners, obtained by TechCrunch. The amount follows Elevation’s reported purchase of 2.5 million Facebook shares for Continue
As we mentioned a few days back, the iPhone and Android aren't the only game in town when it comes to handheld devices. Twitter for Blackberry was released on last Thursday and today comes news that Harbinger Capital has purchased almost 10% of Palm's stock. The news might not be as good as it seems, however. Continue
Facebook implemented a new policy against insider stock trading last Friday. The point is to keep employees with stock to sell from getting in legal trouble, according to a source familiar with the matter. It comes at a time when Facebook’s valuation is climbing fast, based off of strong user and revenue growth.Continue
