MORE than 100 million shares were traded in the first four minutes of Facebook’s debut on the US Nasdaq market.
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Facebook updates status to ‘trading’
FACEBOOK today faces its moment of truth as its initial $US38 ($38.62) share price is tested against investor expectations.
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Facebook tagged as a risky buy
FACEBOOK and other social media services are increasingly being targeted for human trafficking operations.
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Drug cartels target Facebook profiles
VICTORIA’S $500 million e-health system has been dumped and will be replaced with a patchwork approach.
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Victoria dumps e-health system
DELL has showcased new Alienware designer gaming laptops with keyboard back lighting that turns red when a player is eliminated.
NOKIA last night announced the arrival of two more Windows-based smartphones in Australia, the Lumia 900 and 610.
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Nokia releases more Lumia smartphones
Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers.
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HP to axe up to 30,000 jobs
IT was “one little oops” that led Telstra to expose over 800,000 customer records on the web last December.
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Telstra breach was ‘one little oops’
Alcatel-Lucent will next week make its long-expected entry into the core router market – dominated almost entirely by Cisco and Juniper Networks – with a product based on its FP3 chipset announced last June. The company is holding a two day technology symposium in Santa Clara at which it says it will unveil “a major breakthrough innovation in core networking.” Commenting on the move Nomura Research’s Stuart Jeffry, said: “Alcatel-Lucent has captured a 24 percent share of the edge router market over the past 10 years. If the company can launch a compelling solution and leverage its customer relationships then it may see faster share gains in the core routing market
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Alcatel-Lucent set to challenge Cisco and Juniper in the core
In an overnight release, Facebook has confirmed the IPO price for its new shares. Reflecting the incredibly high demand for Facebook shares from so-called Muppets (people who really don’t know much about share investing!), Facebook has announced that the IPO shares will be priced at $38. This is a considerable increate from the originally quoted range of $28 – $35, but in keeping with previous speculation by iTWire, where this writer said , ” In my opinion, the shares will finally be priced at around $40, giving the company an initial valuation of almost $110B.
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Facebook IPO price has been announced