Facebook's long road to an initial public offering is coming to an end. Late Thursday, it will fill in one last piece of the puzzle: Its final IPO price.
There are plenty of reasons to "like" Facebook, but Internet IPOs are better known for their epic flops than wild successes. Of the 31 Internet IPOs held since the beginning of 2011, 22 are currently trading below their closing price on the day they went public. Here's an even scarier stat: 16 are trading below their offer price.
With seemingly unceasing demand for Facebook's initial public offering, the banks that are in charge of selling the stock to investors might seem to have the easiest job in the world.
Most of Mark Zuckerberg's attention right now is focused on his company's imminent IPO. But back in 2005 -- before the Oscar-nominated movie, before almost a billion people used Facebook -- Zuck grappled with a different problem: how to define his complicated love life.
At some companies, the night before a multibillion-dollar stock offering might come with lavish parties and champagne. At Facebook, it will be work and Red Bull.
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Standardized tests are nothing new in public schools. Chances are you filled out bubbles on an answer form at some point during your schooling. But for the past few years, scores from statewide tests in English and math have been used to determine which schools are doing a good job of educating students and which are "failing."
You may recognize Alan Richman's name from his 25 years as GQ Magazine's restaurant critic, his numerous James Beard Journalism Awards (including the Craig Claiborne Distinguished Restaurant Review Award he won just last week) or his highly publicized "Best New Restaurants in America" and "10 Best Restaurants in New York" lists. You may be acquainted with his 2004 anthology of food essays "Fork It Over: The Intrepid Adventures of a Professional Eater" or his classes at the French Culinary Institute, where he serves as Dean of Food Journalism and New Media.
Bill Wisth stands 6 feet 6 inches tall, weighs in at 350 pounds, and darn it, he'd like some more fried fish. WTMJ reports that his usual supply line was recently cut off when the managers of Chuck's Place restaurant in Thiensville, Wisconsin felt he'd enjoyed enough of their advertised all-you-can-eat Friday night fish fry after he availed himself of twelve pieces. Staffers, who had issues with Wisth throughout the years, informed their still-hungry customer that they were running short on the special and sent him on his way.The additional eight pieces with which they dispatched him were not enough to drown out his cries of false advertising. Wisth phoned the police and showed up two days later with a protest sign protesting the restaurant's policies. He sees it as a case of a small fry against the big guy and plans to picket the restaurant every Sunday until they reconsider their policy. The restaurant, however, appears unwilling to work with Wisht - at least until he pays off the tab he's accrued over the past few years.
Michael Anthony is the chef-partner at New York City's Gramercy Tavern. Last week, he received the James Beard Award for Best Chef NYC - but he almost didn't live to see that day. In late October of last year, I underwent open heart surgery. There was no warning, no history of disease, no serious abuse that led the inner lining of my ascending aorta to tear. Sometimes things just break.
One day before the unofficial "Star Wars" holiday in May, an R2-D2 replica wheeled through the front door of the Smiley family home in Bangor, Maine, to the delight of the three young "Star Wars" fans in the house.
Down and out in Paris: Afghan street kids in the French capital.
Thousands of people are planning viewing parties in the western United States for Sunday's annular solar eclipse, a rare event in which the sun will appear as a thin ring behind the moon.
Flush with cash and drunk with power after its $100 billion IPO, Facebook could be caught secretly brainwashing millions of new users into signing up (mind-control hoodies, anyone?) -- and still I might not quit the world's largest social network. Ridiculous scenario aside, I'm pretty serious. Despite ongoing privacy concerns and rumblings of a backlash, it would take something drastic to make me leave Facebook at this point.
New Delhi strains under the weight of its own UNESCO World Heritage sites. What with the towering minaret of Qutb Minar, the glorious Humayun's tomb and the imposing Red Fort Mughal palace, visitors can feel swamped by the sheer abundance of history on display. But India's capital city provides more than just awe-inspiring spectacles of its ancient past. With its preponderance of market stalls, bazaars, shopping malls and street vendors, New Delhi is a consumer paradise, lending a much-needed retail counterpoint to all that earnest sightseeing.