TECH

Facebook IPO: Live Updates On FB's Big Day

05/18/2012 07:56 am ET | Updated Jul 18, 2012

The social network raised more than $18 billion, putting the company's total market value at $104 billion. By comparison, Google raised $1.67 billion in its 2004 IPO, which valued the company at $26.4 billion.

But the stock's first trading day was anything but smooth. After an unexpected delay due to an overwhelming surge of orders, the stock finally started trading on the Nasdaq at around 11:35 a.m. ET, with the ticker symbol "FB." It jumped briefly to $43 a share, but then tumbled alarmingly back to its initial public offering price of $38.

The record will show that Facebook stock ended its first day of trading at $38.23, a gain of 23 cents above its IPO price. What it won't show is the unbelievable effort by its underwriters to hold the stock price above the $38 level for a huge part of the day.

Just take a look at the chart, posted by Josh Brown at The Reformed Broker blog. The stock price improbably held right at $38 for most of the entire final hour of trading, and it briefly touched $38 early in its first minutes of trading. Like a pilot at the controls of a jumbo jet that's lost three engines and its autopilot, the underwriters -- including Morgan Stanley and JPMorgan Chase -- wrestled and sweated to keep the stock at altitude.

That's not a great sign for the stock's future, according to research firm PrivCap, which believes it should have been priced lower. In a research note, PrivCap wrote:

The very presence of a supporting bid augurs poorly for Facebook stock, indicating the "pent up demand" was mostly wiped out whenFacebook increased the IPO size by 25% in the last 2 days,” said PrivCo CEO and Founder Sam Hamadeh from the NASDAQ marketsite earlier today.

Nonetheless, all those people who were supposed to get rich on the IPO? They are no less rich as a result of today's shaky action. The underwriters did their jobs for Mark Zuckerberg et al. in that respect.

-- Mark Gongloff

05/18/2012 5:10 PM EDT

Facebook Makes New Acquisition

Facebook has just purchased mobile gifting service Karma.

"The service that Karma provides will continue to operate in full force," wrote Karma co-founders Karma Co-founders Lee & Ben. "By combining the incredible passion of our community with Facebook’s platform we can delight users in new and meaningful ways. As we say … only good things will follow."

More here.

05/18/2012 4:47 PM EDT

Recap

From the AP:

The stock opened at 11:32 a.m. at $42.05, but soon dipped to $38.01. By noon, it was up again at $40.40, a 6 percent increase. It fluttered throughout the afternoon, but it never hit the double-digit jump that many Facebook-watchers had expected. By the end of the day, more than 500 million shares had changed hands

The closing price means Facebook is worth about $105 billion, more than Amazon.com, McDonalds and storied Silicon Valley icons Hewlett-Packard and Cisco.

05/18/2012 4:35 PM EDT

Another Record

05/18/2012 4:24 PM EDT

The Price Is Right

Facebook closes at $38.37, only $0.37 above its offering price.

via AlThingsD

05/18/2012 3:55 PM EDT

Fizzling...

05/18/2012 3:43 PM EDT

A New Record

@ WSJ :

Facebook traded 460 million shares by 3:07pm ET, the most ever for a US stock the day of its IPO. http://t.co/KDNbZxeL

05/18/2012 3:36 PM EDT

Facebook Gets Its Very First 'Sell Rating'

Aww, look at that: Facebook shares have their very first "sell rating" from a Wall Street analyst.

Brian Wieser of Pivotal Research Group wasted little time in slapping a "sell" recommendation and a $30 price target on Facebook, which was recently trading at less than $39 a share, up a buck from its IPO price. Not a rip-roaring start for Zuck & Co., and Wieser thinks it will get worse, at least in the short term:

While we consider ourselves optimistic on the company’s underlying business opportunity and regard its prospects for durable success as favorable, we view shares as being “priced for perfection."

-- Mark Gongloff

05/18/2012 3:22 PM EDT

Seismic Activity At The Podium?

05/18/2012 2:53 PM EDT

A Feminist Reminder

The figure of the day is "$100 billion." But activist Shaunna Thomas notes you shouldn't forget about "0" -- the number of women on Facebook's board.

Thomas, co-founder of women's advocacy group Ultraviolet, which organized a protest at Facebook's New York headquarters last month, said in a statement:

Today, as Wall Street, the media and entrepreneurs around the world watch with great interest the historic Facebook IPO one story that has not gotten much attention is that while many will make millions today, women will not have a seat at the table. Literally. Facebook does not have a single woman on their board. The fact that a company as large as Facebook with a massive global reach does not have a single woman on their board is nothing short of shameful. We will continue our campaign to get women on the Facebook board because in 2012 no company with the massive global reach of Facebook should shut women out of the board room.

05/18/2012 2:10 PM EDT

Zuckerberg Is Now Richer Than Google Founders

Today's Facebook IPO has made Zuckerberg the 29th richest person in the world, according to Bloomberg.

At $38 a share, Zuckerberg's 503.6 million shares and options are valued at $19.1 billion, surpassing the wealth of Google Inc. co- founders Sergey Brin and Larry Page.

“Zuckerberg doesn’t think about his wealth,” David Kirkpatrick, author of “The Facebook Effect,” a history of the company, said in an interview on May 17. “This is a huge success for everybody. There’s no way it can be seen otherwise.”

","short_text":"

#socialmediabubble MT @TMFHousel The average company with a market cap of $90-$100 billion has revenue of $77 ...Read More"},{"id":"35","created":"05/18/2012 1:34 PM EDT","title":"Cartoon Zuckerberg Sheds Blood On Wall Street","tweet_link":"35_cartoon-zuckerberg-sheds-blood-on-wall-street","entry_text":"

This amusing NMA.TV animation depicts a blonde Mark Zuckerberg riding the stock exchange bull through Wall Street, spearing investors with the horns, as well as 'Goldman Sachs' shaking the pennies out of the pockets of a widow.

","short_text":"

This amusing NMA.TV animation depicts a blonde Mark Zuckerberg riding the stock exchange bull through Wall Street, spearing investors with ...Read More"},{"id":"34","created":"05/18/2012 1:21 PM EDT","title":"What Facebook's Future Holds: Getting You To Pay","tweet_link":"34_what-facebooks-future-holds-getting-you-to-pay","entry_text":"

Zuckerberg vowed that Facebook is and always will be free. But that doesn't mean you won't start paying the social network: the company is now plotting how to turn its users into customers, experts say.

HuffPostTech's Bianca Bosker reports,

Users will find themselves paying Facebook in the near future -- not necessarily to use the service, but to promote their posts, pay for apps, subscribe to magazines, or even refresh their wardrobe. Having opened their lives to Facebook, users may soon open their wallets to the social network, too.

More here.

","short_text":"

Zuckerberg vowed that Facebook is and always will be free. But that doesn't mean you won't start paying the social network: the company is now plotting how to turn its users into customers, experts say.

HuffPostTech's Bianca Bosker reports,

Read More"},{"id":"33","created":"05/18/2012 1:13 PM EDT","title":"Anthem Of The Day: The \"Thank You Facebook\" Song","tweet_link":"33_anthem-of-the-day-the-thank-you-facebook-song","entry_text":"

Comedian Joe Mande noticed that a group of exuberant Facebook fanatics have recorded a song and shot a music video thanking Facebook on the day of its IPO. The video -- called \"Thank You Facebook Song -- dedicated to its FB IPO\" -- was posted to YouTube on Wednesday and can be \"enjoyed\" below.

\"I want to thank you for bringing to me...friends and family.\"

","short_text":"

Comedian Joe Mande noticed that a group of exuberant Facebook fanatics have recorded a song and shot a music video thanking Facebook on the day of its IPO. The vid...Read More"},{"id":"32","created":"05/18/2012 1:04 PM EDT","title":"Supplemental Reading","tweet_link":"32_supplemental-reading","entry_text":"

A few things Facebook doesn't want you to think about today:

Five Things Facebook Won't Be Telling You Today

CEO of Personal Capital, Bill Harris, offers his advice to Facebook millionaires:

A Million Dollars Won't Change Your Life

","short_text":"

A few things Facebook doesn't want you to think about today:
\nFive Things Facebook Won't Be Telling You Today

...Read More"},{"id":"31","created":"05/18/2012 12:55 PM EDT","title":"Facebook Would Be 23rd Biggest Company In S&P 500","tweet_link":"31_facebook-would-be-23rd-biggest-company-in-sp-500","entry_text":"

Facebook isn't yet part of the S&P 500 stock-market index, but if it were, it would be the 23rd-biggest company in that index, with its initial market cap of $104 billion, writes FactSet analyst John Butters.

","short_text":"

Facebook isn't yet part of the S&P 500 stock-market index, but if it were, it would be the 23rd-biggest company in that index, with its initial market cap of $104 billion, writes FactSet analyst John Butters.

"},{"id":"30","created":"05/18/2012 12:38 PM EDT","title":"BREAKING: Facebook's Underwriters Step In","tweet_link":"30_breaking-facebooks-underwriters-step-in","entry_text":"

According to WSJ, Facebook’s underwriters stepped in to support shares at the $38 IPO price.

","short_text":"

According to WSJ, Facebook’s underwriters stepped in to support shares at the $38 IPO price.

"},{"id":"29","created":"05/18/2012 12:24 PM EDT","title":"An Off Day For Nasdaq?","tweet_link":"29_an-off-day-for-nasdaq","entry_text":"

The Facebook IPO has been a bit of an embarrassment for the Nasdaq stock exchange.

First there was a delay in the opening of trading of about half an hour. Then technical issues may have contributed to the stock price stumbling after the open, from an opening of about $42, all the way back down to its IPO price of $38. At that point, underwriters jumped in and rescued the stock from falling beneath that price and making the universe collapse in on itself with shame.

CNBC is reporting that there was a Nasdaq delay in executing trades, which caused buyers to back away from the stock, which contributed to the brief tumble back to $38.

The whole thing is reminiscent of the pratfall the BATS high-frequency exchange suffered when it tried to launch its IPO on its own exchange. This could be another example of how the ability to cram a market full of hundreds of millions of orders in nanoseconds is not always entirely desirable.

But this might not all be the Nasdaq's fault: Facebook's stock still isn't doing particularly well, recently trading at around $40 a share. That's not as disastrous as a first-day decline, and may even be a sign the IPO's underwriters priced the stock to near-perfection. But it is somewhat surprising, given the insane level interest in this IPO, that the jump has not been even higher.

-- Mark Gongloff

","short_text":"

The Facebook IPO has been a bit of an embarrassment for the Nasdaq stock exchange.

First there was a delay in the opening of trading of about half an hour. Then technical issues may have contributed to the stock price stumbling after the open, f...Read More"},{"id":"28","created":"05/18/2012 12:20 PM EDT","title":"Occupy Wall Street Movement Weighs In On Facebook IPO","tweet_link":"28_occupy-wall-street-movement-weighs-in-on-facebook-ipo","entry_text":"

#facebookIPO is again building on the backs of the public. The company should be owned by the users not the usual youtu.be/rpbRXXntGM8

— Occupy Wall Street (@OccupyWallSt) May 18, 2012

","short_text":"

#facebookIPO is again building on the backs of the public. The company should be owned by the users not the usual Read More"},{"id":"27","created":"05/18/2012 12:06 PM EDT","title":"IPO Isn't The Only Thing Enriching \"Facebook Mafia\"","tweet_link":"27_ipo-isnt-the-only-thing-enriching-facebook-mafia","entry_text":"

This morning's IPO isn't the only way former Facebook employees are getting rich. They're also starting new companies and investors are swarming to snap up shares. Also known as \"The Facebook Mafia,\" Facebookers turned startup founders have collectively attracted $271 million worth of venture capital since 2006, according to financial analysis firm CB Insights. In the first half of 2012, Facebook Mafia scored $130 million amid all the hype around their former employer. Companies started by a Facebook mafioso include Path, Cloudera, Asana and Quora. Web companies like Google and PayPal similarly spawned a wave of startups founded by early employees. CB Insights says it will soon release a free report on the economic impact of the PayPal, Google and Facebook Mafias.

-- Nate C. Hindman

","short_text":"

This morning's IPO isn't the only way former Facebook employees are getting rich. They're also starting new companies and investors are swarming to snap up shares. Also known as \"The Facebook Mafia,\" Facebookers turned startup founders have collectivel...Read More"},{"id":"26","created":"05/18/2012 11:54 AM EDT","title":"The Mark Zuckerberg Wealth-O-Meter","tweet_link":"26_the-mark-zuckerberg-wealthometer","entry_text":"

Follow Mark Zuckerberg's worth in real-time as he sells $1.2 billion worth of stock.

(CREDIT: WSJ)

","short_text":"

Follow Mark Zuckerberg's worth in real-time as he sells $1.2 billion worth of stock.

(CREDIT: WSJ)

"},{"id":"25","created":"05/18/2012 11:49 AM EDT","title":"Updates From The HuffPost Tech Front Page","tweet_link":"25_updates-from-the-huffpost-tech-front-page","entry_text":"

HuffPost Tech's Facebook IPO Big News Page

IPO To Make Bono World's Richest Musician

This Is What A Real Facebook Stock Certificate Looks Like

No, You Should Not Buy Facebook Stock Today

","short_text":"

HuffPost Tech's Facebook IPO Big News Page

Read More"},{"id":"24","created":"05/18/2012 11:39 AM EDT","title":"Facebook IPO Trading Opens At $42","tweet_link":"24_facebook-ipo-trading-opens-at-42","entry_text":"

According to CNN Money, Facebook shares opened at $42.05, an 11% increase from the company's $38 IPO price.

","short_text":"

According to CNN Money, Facebook shares opened at $42.05, an 11% increase from the company's $38 IPO price.
\n

"},{"id":"23","created":"05/18/2012 11:35 AM EDT","title":"It Begins!","tweet_link":"23_it-begins","entry_text":"

Facebook, Inc. trades 82 million shares in first 30 seconds. Facebook IPO live blog - bit.ly/JXw9RQ $FB

— Reuters Top News (@Reuters) May 18, 2012

","short_text":"

Facebook, Inc. trades 82 million shares in first 30 seconds. Facebook IPO live blog - bit.ly/JXw9RQ $FB

— Reuters Top News (@Reuters) Read More"},{"id":"22","created":"05/18/2012 11:26 AM EDT","title":"Twitterers Joke About The Trade Delay","tweet_link":"22_twitterers-joke-about-the-trade-delay","entry_text":"

Very bad numbers. FB up %0.00 percent YTD.

— Farhad Manjoo (@fmanjoo) May 18, 2012

","short_text":"

Very bad numbers. FB up %0.00 percent YTD.

— Farhad Manjoo (@fmanjoo) May 18, 2012

Read More"},{"id":"21","created":"05/18/2012 11:14 AM EDT","title":"Why Is Facebook Going Public?","tweet_link":"21_why-is-facebook-going-public","entry_text":"

Why is Facebook going public? It couldn't figure out the privacy settings either.

— Elizabeth Fish (@elizabethfish) May 18, 2012

","short_text":"

Why is Facebook going public? It couldn't figure out the privacy settings either.

— Elizabeth Fish (@elizabethfish) Read More"},{"id":"20","created":"05/18/2012 11:11 AM EDT","title":"Trade Delay","tweet_link":"20_trade-delay","entry_text":"

Facebook opening trade has been delayed by five minutes, according to TechCrunch.

","short_text":"

Facebook opening trade has been delayed by five minutes, according to TechCrunch.

"},{"id":"19","created":"05/18/2012 11:01 AM EDT","title":"Zuck Rings The Bell","tweet_link":"19_zuck-rings-the-bell","entry_text":"

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced its IPO on Thursday at $38 per share, and beginning Friday regular investors will have a chance to buy shares. (AP Photo/Nasdaq via Facebook, Zef Nikolla)

","short_text":"

In this image provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, Friday, May 18, 2012, from Facebook headquarters in Menlo Park, Calif. The social media company priced it...Read More"},{"id":"18","created":"05/18/2012 10:54 AM EDT","title":"Facebook Takes A Hit On IPO Day","tweet_link":"18_facebook-takes-a-hit-on-ipo-day","entry_text":"

Facebook users are suing the social network for $15 billion -- almost as much as Facebook will raise from going public. The class-action case claims that Facebook invades privacy by tracking Internet usage.

“This is not just a damages action, but a groundbreaking digital-privacy rights case that could have wide and significant legal and business implications,” David Straite, a Stewarts Law partner, said in the e-mailed statement.

Read the full story at Bloomberg here.

","short_text":"

Facebook users are suing the social network for $15 billion -- almost as much as Facebook will raise from going public. The class-action case claims that Facebook invades privacy by tracking Internet usage.

“This is not just a damag...Read More"},{"id":"17","created":"05/18/2012 10:52 AM EDT","title":"Facebook Shares Will Start Trading On Nasdaq At 11AM ET","tweet_link":"17_facebook-shares-will-start-trading-on-nasdaq-at-11am-et","entry_text":"

In just a few minutes, Facebook shares will hit the Nasdaq. Facebook has priced its shares at $38 a share.

As Joshua Topolsky pointed out earlier, you won't be able to see this again:

\"facebook

","short_text":"

In just a few minutes, Facebook shares will hit the Nasdaq. Facebook has priced its shares at $38 a share.

As Joshua Topolsky pointed out earlier, you won't be able to see this...Read More"},{"id":"16","created":"05/18/2012 10:45 AM EDT","title":"Another Reason For The Winklevii To Feel Awesome Today","tweet_link":"16_another-reason-for-the-winklevii-to-feel-awesome-today","entry_text":"

Remember that scene in The Social Network where the Winklevii go to Larry Summers asking him to bring down his mighty hammer of mean on Mark Zuckerberg for stealing their Facebook idea, and he tells them to go jump off their rowboat? That was awesome. Fortune's Dan Primack, in his Term Sheet newsletter this morning, imagines a real-world epilogue to that scene:

Andreessen Horowitz was one of just two large institutional holdings of FB stock -- T Rowe Price was the other -- to not sell any shares in its IPO. It also is the only institutional holder to have Larry Summers on the payroll (as a part-time senior advisor). When AH does eventually sell some shares, do any of the proceeds trickle down to Summers? If so, it might be the most ironic distribution in VC history.

Just one more thing for the Winklevii to feel awesome about today.

-- Mark Gongloff

","short_text":"

Remember that scene in The Social Network where the Winklevii go to Larry Summers asking him to bring down his mighty hammer of mean on...Read More"},{"id":"15","created":"05/18/2012 10:39 AM EDT","title":"SecondMarket Sheds Light On Facebook's Pre-IPO Stock Exchange","tweet_link":"15_secondmarket-sheds-light-on-facebooks-preipo-stock-exchange","entry_text":"

SecondMarket, the pre-IPO stock exchange where Facebook shares have been changing hands for over four years, has finally pulled back the curtain on the stock's history in the private secondary markets. In a report released this morning, SecondMarket shed some light on who bought the pre-IPO stock, who has sold it and at what prices. Former Facebook employees accounted for 79 percent of the sellers, while asset managers and hedge funds made up 55 percent of buyers, according to the data. The price per share soared from $3.50 to $42.72 between April 2008 and April 2012, rising the fastest in 2010 and early 2011. Facebook last night priced its IPO at $38 per share, which means secondary investors who bought in this year above that price will be in the red when the social network begins trading this morning on the NASDAQ under the ticker symbol FB. Here's a nifty interactive timeline and some flashy infographics that chart Facebook's epic rise on SecondMarket.

-- Nate C. Hindman

","short_text":"

SecondMarket, the pre-IPO stock exchange where Facebook ...Read More"},{"id":"14","created":"05/18/2012 10:24 AM EDT","title":"How Facebook Hacked The NASDAQ Button","tweet_link":"14_how-facebook-hacked-the-nasdaq-button","entry_text":"

\"Some savvy Facebook engineers rigged the NASDAQ button to automatically post “Mark Zuckerberg has listed a company on NASDAQ – FB” to the CEO’s Timeline as he rung the bell to open the NASDAQ’s day of trading. David Garcia, a senior software engineer at Facebook, explains how they turned the NASDAQ on to Open Graph.\"

Read the full story at TechCrunch here.

","short_text":"

\"Some savvy Facebook engineers rigged the NASDAQ button to automatically post “Mark Zuckerberg has listed a company on NASDAQ – FB” to the CEO’s Timeline as he rung the bell to open the NASDAQ’s day of trading. David Garcia, a senior software...Read More"},{"id":"13","created":"05/18/2012 10:15 AM EDT","title":"Something Historic In The Tech Industry Happened This Morning","tweet_link":"13_something-historic-in-the-tech-industry-happened-this-morning","entry_text":"

Something historic in the tech industry happened this morning: a bunch of Facebook engineers arrived at the office before 7 am.

— Nick Wingfield (@nickwingfield) May 18, 2012

","short_text":"

Something historic in the tech industry happened this morning: a bunch of Facebook engineers arrived at the office before 7 am.

— Nick Wingfield (@nickwingfield) Read More"},{"id":"12","created":"05/18/2012 10:12 AM EDT","title":"IPO BINGO!","tweet_link":"12_ipo-bingo","entry_text":"

When you hear (or read) any of the following expressions, check off the square.

More here: http://huff.to/Km4TcO

","short_text":"

When you hear (or read) any of the following expressions, check off the square.

More here: http://huff.to/Km4TcO

"},{"id":"11","created":"05/18/2012 10:02 AM EDT","title":"Show Us Your IPO Face","tweet_link":"11_show-us-your-ipo-face","entry_text":"

Best IPO face: Chris Cox, head of product. You can see his tonsils here: allthingsd.com/20120518/hear-…

— Peter Kafka (@pkafka) May 18, 2012

","short_text":"

Best IPO face: Chris Cox, head of product. You can see his tonsils here: allthingsd.com/20120518/hear-…

— Peter Kafka (...Read More"},{"id":"10","created":"05/18/2012 9:51 AM EDT","title":"Zuck's Facebook Status","tweet_link":"10_zucks-facebook-status","entry_text":"

RT @_mikehayes: Mark Zuckerberg's Facebook status: \"Mark listed a company...\" twitter.com/_mikehayes/sta…

— Alex Leo (@AlexMLeo) May 18, 2012

","short_text":"

RT @_mikehayes: Mark Zuckerberg's Facebook status: \"Mark listed a company...\" Read More"},{"id":"9","created":"05/18/2012 9:48 AM EDT","title":"Don't Get Used To This","tweet_link":"9_dont-get-used-to-this","entry_text":"

Don't get used to this.twitpic.com/9me4ke

— Joshua Topolsky (@joshuatopolsky) May 18, 2012

","short_text":"

Don't get used to this.twitpic.com/9me4ke

— Joshua Topolsky (@joshuatopolsky) Read More"},{"id":"8","created":"05/18/2012 9:32 AM EDT","title":"Watch Mark Ring The Opening Bell -- Live!","tweet_link":"8_watch-mark-ring-the-opening-bell-live","entry_text":"

There's a livestream that will show Zuckerberg ringing the opening bell ahead of Facebook's IPO.

Now taking bets on whether the hoodie will make an appearance...

Watch it here or above.

","short_text":"

There's a livestream that will show Zuckerberg ringing the opening bell ahead of Facebook's IPO.

Now taking bets on whether the hoodie will make an appearance...

Watch it here or ...Read More"},{"id":"7","created":"05/18/2012 9:20 AM EDT","title":"The Royal Wedding For Techies","tweet_link":"7_the-royal-wedding-for-techies","entry_text":"

Facebook IPO is Kate & William's wedding for business nerds

— Nicholas Carlson (@nichcarlson) May 18, 2012

","short_text":"

Facebook IPO is Kate & William's wedding for business nerds

— Nicholas Carlson (@nichcarlson) Read More"},{"id":"6","created":"05/18/2012 8:55 AM EDT","title":"Ousted Facebook Co-Founder Congratulates Mark","tweet_link":"6_ousted-facebook-cofounder-congratulates-mark","entry_text":"

Facebook co-founder Eduardo Saverin, who recently renounced his U.S. citizenship and owns a stake in Facebook worth $2.9 billion, congratulated Zuckerberg in (where else?) a post on Facebook.

On the eve of the Facebook public float, 8 plus year in the making, I as co-founder wanted to look back and cherish Facebook's early beginning. Congrats to everyone involved in the project from day one till today, and I especially wanted to congratulate Mark Zukerberg on keeping tremendous stead-fast focus, however hard that was, on making the world a more open and connected place.

","short_text":"

Facebook co-founder Eduardo Saverin, who recently renounced his U.S. citizenship and owns a stake in Facebook worth $2.9 billion, congratulated Zuckerberg in (where else?...Read More"},{"id":"5","created":"05/18/2012 8:48 AM EDT","title":"'It’s Like Hearing The Emperor Is About To Have Sex..'","tweet_link":"5_its-like-hearing-the-emperor-is-about-to-have-sex","entry_text":"

\"What’s there to be excited about if you’re a eunuch?\"

The New Yorker's Evan Osnos blogs about China's reaction to Facebook's IPO.

","short_text":"

\"What’s there to be excited about if you’re a eunuch?\"

The New Yorker's Evan Osnos blogs about China's reaction to Facebook's IPO....Read More"},{"id":"4","created":"05/18/2012 8:46 AM EDT","title":"The Media Descend","tweet_link":"4_the-media-descend","entry_text":"

\"emilychangtv\"

@ emilychangtv :

Facebook parking lot full before sunrise on IPO day http://t.co/ZKu7YVGC

","short_text":"\r\n\r\n\r\n\r\n\r\n@ emilychangtv :\r\nFacebook parking lot full before sunrise on IPO day http://t.co/ZKu7YVGCRead More"},{"id":"3","created":"05/18/2012 8:38 AM EDT","title":"Some Background Reading","tweet_link":"3_some-background-reading","entry_text":"

'FB' Set To Begin Trading May 18 After $16 Billion Offering

21 People And Companies Set To Get Rich Off The Facebook IPO

The Biggest Tech IPOs Of The Past Decade -- And How They Fared

Debunking The Big Gang Theory: Why Facebook Suffers From Being Big

People Zuckerberg Burned On His Way To The Top

Facebook Too Corporate For You Now? Check Out These Indie Facebook Alternatives

9 Facebook Features We Used To Hate (And Some We Still Do)

Tech Bubble Death Watch: The Facebook IPO

","short_text":"

'FB' Set To Begin Trading May 18 After $16 Billion Offering

Read More"},{"id":"2","created":"05/18/2012 8:31 AM EDT","title":"Hoodies Unite","tweet_link":"2_hoodies-unite","entry_text":"

Yes, there's a Tumblr (and hashtag) for everything: Zuck's Hoodie is calling for unity through hoodies in celebration of Facebook's big day:

Friends, Pokers, Likers, lend me your sleeves;

I come to you today on a momentous occasion of historic magnitude. In recent years we have been woven tight through the threads of the social network known as Facebook.

It has brought together friends, families, and complete strangers around things you would have to stumble upon (literally) in the world around you to discover.

The hoodie represents comfort, exploration, and the connection of the world around something so pedestrian as a sweatshirt.

As Facebook begins trading publicly today, Friday May 18, 2012, wear your hoodie as I declare the Ultimate Casual Friday.

Tweet your hoodie and Facebook related photos to @zuckerbergshood or #hoodiesup - it’s a cold world out there, we always have your back.

More at Zuck'sHoodie.Tumblr.com

","short_text":"

Yes, there's a Tumblr (and hashtag) for everything: Zuck's Hoodie is calling for unity through hoodies in celebration of Facebook...Read More"},{"id":"1","created":"05/18/2012 8:23 AM EDT","title":"Rise and shine, hackers!","tweet_link":"1_rise-and-shine-hackers","entry_text":"

Facebook hosted an all-night hackathon ahead of its IPO, featuring Red Bull, kegs of beer, and signs instructing employees to \"Stay focused and keep shipping.\" Facebook's Francis Luu has some incredible photos of the Hackathon taken at Facebook's headquarters here, or check out Facebook's Newsroom here.

\"facebook

Image by Matt Harnack / Facebook

\"hackathon

Image by Matt Harnack / Facebook

\"hackathon

Image by Matt Harnack / Facebook

","short_text":"

Facebook hosted an all-night hackathon ahead of its IPO, featuring Red Bull, Read More"}]

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