Tuesday, 15 May 2012

Facebook IPO: Who Is Selling Stock?

Facebook Ipo Stock
Facebook is selling 180 million of its shares in its initial public offering. Another 157 million are coming from existing stockholders, including the company's earliest investors and CEO Mark Zuckerberg, who's selling some of his stock to cover tax obligations.

Even after the IPO, Zuckerberg will remain Facebook's single largest shareholder. And he will control the company through 57 percent of its voting stock.

At a value of $38 per share, the high end of Facebook's expected range, Facebook would generate $6.8 billion on its shares. Existing stockholders would collectively make $6 billion.

Here's a look at Facebook Inc.'s selling stockholders, and how much money their stock will be worth at the high end of the IPO's expected price range.

_ Mark Zuckerberg

Number of shares being offered: 30.2 million

Value at $38 per share: $1.15 billion

_ James Breyer and Accel Partners, where he's a partner

Year invested in Facebook: 2005

Number of shares being offered: 38.2 million

Value at $38 per share: $1.45 billion

_ Peter Thiel, managing partner at The Founders Fund and PayPal co-founder

Year invested in Facebook: 2004

Number of shares being offered: 7.7 million

Value at $38 per share: $294 million

_ DST Global Ltd. and affiliates, a London-based, Russian-founded investment firm focused on Internet companies and founded by Yuri Milner

Year invested in Facebook: 2009 and late 2010

Number of shares being offered: 26.3 million

Value at $38 per share: $998 million

_ Goldman Sachs and affiliates, investment bank and one of the IPO's underwriters

Year invested in Facebook: 2011

Number of shares being offered: 13.2 million

Value at $38 per share: $501 million

_ Elevation Partners, private equity firm focused on media and technology and affiliates

Number of shares being offered: 4.6 million

Value at $38 per share: $176 million

_ Greylock Partners, Silicon Valley venture capital firm and affiliates

Year invested in Facebook: 2006

Number of shares being offered: 7 million

Value at $38 per share: $266 million

_ Mail.ru Group Ltd., Russian Internet company

Year invested in Facebook: 2009

Number of shares being offered: 11.3 million

Value at $38 per share: $428 million

_ Mark Pincus, Zynga Inc. CEO

Year invested in Facebook: 2004

Number of shares being offered: 1 million

Value at $38 per share: $38 million

_ Meritech Capital Partners, venture capital firm focused on late-stage investments

Number of shares being offered: 7 million

Value at $38 per share: $266 million

_ Microsoft Corp.

Year invested in Facebook: 2007

Number of shares being offered: 6.6 million

Value at $38 per share: $249 million

_ Reid Hoffman, co-founder of LinkedIn Corp. and affiliates

Year invested in Facebook: 2004

Number of shares being offered: 942,784

Value at $38 per share: $36 million

_ Tiger Global Management, New York-based investment firm

Number of shares being offered: 3.4 million

Value at $38 per share: $128 million

_ Other, smaller stockholders are offering another 70,504 shares.

Value at $38 per share: $2.7 million

Source: Facebook's regulatory filings and Associated Press calculations

Phone Company Customer Satisfaction Evens Out In U.S.: Study

Phone Company Satisfaction Survey

NEW YORK -- Improvements in customer satisfaction at Sprint Nextel Corp. and AT&T Inc. have narrowed differences among the Big 4 wireless carriers to the point that they're basically even in terms of pleasing their subscribers, according to a study released Tuesday.

The American Customer Satisfaction Index puts Sprint, AT&T, T-Mobile USA and Verizon Wireless within two points of each other on a 100-point scale of customer satisfaction.

That's the smallest spread since the survey started looking at all four companies in 2005. It's also within the margin of error at plus or minus three points.

Last year, AT&T clearly trailed the pack, while Sprint and Verizon led. That was a surprising development for Sprint, which was last as recently as four years ago. Sprint CEO Dan Hesse has made improvement in customer service central to his tenure.

AT&T recovered this year, with a three-point increase to 69. It shares that score with T-Mobile USA, the No. 4 carrier by size. Verizon and Sprint are at 70 and 71, respectively.

The survey was developed by the University of Michigan, but is now run by a private company, ACSI LLC. It surveyed about 6,000 households in the first quarter for the annual report.

For the phone companies, the satisfaction index has a limited relevance to actual customer loyalty, which the companies report quarterly. For instance, T-Mobile customers are far more likely to leave the carrier than AT&T's are, even though they have the same score.

T-Mobile is the only company among the Big 4 that doesn't sell the iPhone. That probably matters to customers. The ACSI for the first time published a score for Apple Inc. as a phone manufacturer. At 83 points, it handily outranks other manufacturers measured, including Samsung Electronics Co., HTC Corp. and Motorola Mobility Holdings Inc.


Those suave Google glasses are now patent-protected


Those suave Google glasses are now patent-protected

Google has successfully patented the "ornamental design" of its augmented reality eyewear. To you, me and Aunty Dee they might look almost like regular Ray-Bans, but there's a lot of secret technology concealed within those sleek lines and Google evidently wants to prevent others from copying their appearance. After all, if people started faking Project Glass, it'd be impossible to tell if we're being properly scanned or merely checked out.

Top Live Tweets: The 10 Most Surprising Events Broadcast On Twitter

Live Tweets Twitter

Every so often we're pulled into a live stream of tweets that broadcasts an event play-by-play on Twitter. Most recently, a Houston hospital live tweeted a brain surgery -- complete with photos.

Usually the events are relatively high-profile -- it seems like almost everyone live tweets the Oscars and the State of the Union. But sometimes we get hooked on a feed of live tweets that are so odd we wonder why anyone would have the gall to send the 140 characters out into to the world.

Take the National Zoo's recent panda insemination, for example. It's an interesting social media campaign, but it certainly made for some colorful and bizarre tweets. Imagine arriving near the end of that conversation.

Live tweeting dates back to the early days of Twitter, which debuted in 2006, but didn't really take off until a few years later, around the same time how-to guides started popping up online. Music fans, doctors and journalists jumped on the opportunity to capitalize on their social media presence while also providing explicit details in traditional live broadcast fashion.

Like live blogs, live tweet feeds tend to focus on coverage of widely recognized events. However, two subsets have emerged: behind-the-scenes tweets, such as the backstage happenings concerts or award shows, and live reactions -- Aziz Ansari recently live tweeted his reaction to the "G.I. Joe Retaliation" trailer.

Although some types of events are a bit overdone -- looking at you, live tweeted marriage proposals -- there's certainly room for fresh ideas that haven't been tried before.

Has anyone live tweeted while skydiving? Not that we know of -- if that's even possible. Don't do that. Seriously.

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