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| UBS Hit by Facebook Loss; Vows Legal Action Against Nasdaq Barron's (blog) UBS (UBS) said today that it lost about $359 million (349 Swiss francs) related to the Facebook (FB) IPO, as the bank received many more shares than it had ordered. Nasdaq (NDAQ) has acknowledged mistakes in the IPO, as the start of trading was delayed ... See all stories on this topic » | ||
| Facebook fiasco drags UBS profit lower Reuters ZURICH (Reuters) - UBS (UBSN.VX) blamed its 349 million Swiss franc ($360 million) loss from Facebook's (FB.O) botched U.S. market debut on exchange operator Nasdaq (NDAQ.O), saying orders for the stock had been entered multiple times due to a ... See all stories on this topic » | ||
| Recession, Libor, Facebook punish Europe's banks Reuters ZURICH/FRANKFURT (Reuters) - Leading European banks reported dismal profits on Tuesday, blaming everything from the continent's debt crisis and Spain's property market crash to Facebook's disastrous stock market debut. Within a space of an hour UBS ... See all stories on this topic » | ||
| Facebook IPO Fouls Up UBS: Bank's Profits Dive 58% Forbes Facebook shares have plunged nearly 40% since the company's May 18 initial public offering, but the investors who have endured those losses may take some solace in knowing that big banks are also feeling the pain. Swiss bank UBS said higher market ... See all stories on this topic » | ||
| UBS hit by Facebook IPO loss Businessweek GENEVA (AP) — Shares in UBS plunged after the Swiss banking giant posted a worse-than-expected 58 percent fall in second-quarter profits Tuesday due to losses from the Facebook stock listing and a downturn at its investment banking division. See all stories on this topic » | ||
| Facebook? UBS needs to change its status MarketWatch Bank of America Corp. (NYSE:BAC) , Citigroup Inc. (NYSE:C) and J.P. Morgan Chase & Co. (NYSE:JPM) are composed of uneasy marriages between risky investment banking and traditional banking, and UBS (NYSE:UBS) is a peer, ranking 23rd globally by ... See all stories on this topic » | ||
| Facebook just a sideshow for UBS: analysts MarketWatch (blog) Given the headwinds facing European investment banks these days, maybe it helps to share the blame for lousy earnings with Facebook Inc. fb /quotes/zigman/9962609 /quotes/nls/fb FB , which has left plenty of retail investors unhappy. Reuters: Facebook's ... See all stories on this topic » | ||
| UBS Hits Out at Nasdaq as Facebook IPO Hurts Profit Wall Street Journal ZURICH--UBS AG (UBS) Tuesday said that it took a loss of more than $350 million on the ill-fated Facebook Inc. (FB) initial public offering, wiping out nearly half of its second-quarter profit, and it accused Nasdaq OMX Group Inc. (NDAQ) of a "gross ... See all stories on this topic » | ||
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| Microsoft launches revamped, Facebook-friendly Hotmail Chicago Tribune Microsoft Corp. unveiled a revamped, Facebook-friendly version of its free, online email service on Tuesday in an attempt to reverse market share losses to Google Inc.'s fast-growing Gmail. Microsoft is renaming its Hotmail service Outlook, giving it a sharp ... See all stories on this topic » | ||
| Facebook: Wait For Stock To Sink Below $20, Analyst Advises Forbes Bernstein Research analyst Carlos Kirjner has lifted his rating on Facebook shares to Market Perform from Underperform, while trimming his target on the social network to $23, from $25. The analyst suggest potential investors in the stock might want to wait ... See all stories on this topic » | ||
| Facebook Debacle Weighs on UBS Bottom Line in 2Q Fox Business The bank, which was a market-maker on social networking site Facebook's initial public offering (IPO) in May, said it suffered a 349 million Swiss franc ($355.7 million) loss as a result of U.S. stock exchange Nasdaq's "gross mishandling" of the offer. It plans to ... See all stories on this topic » | ||
| Facebook costs UBS some of its new friends Reuters Blogs (blog) According to the bank, its equities arm received many orders for Facebook stock from fund managers and wealthy clients. Due to trading glitches at the Nasdaq exchange, it repeated orders multiple times, only to be left with large amounts of unwanted stock. See all stories on this topic » | ||
| Nasdaq's bungling of Facebook IPO cost UBS $357 million, bank says Los Angeles Times "UBS's loss resulted from Nasdaq's multiple failures to carry out its obligations, including both opening the Facebook stock for trading and not halting trading in the stock during the day," UBS said. "We will take appropriate legal action against Nasdaq to ... See all stories on this topic » | ||
| Facebook post leads to new trial for brothers serving life for murder Fox News Two Detroit brothers who have served 25 years of a life sentence for murder are getting a new trial after a post on Facebook. MyFoxDetroit.com reports a local judge overturned the murder convictions last week of Raymond Highers and his brother, Thomas, ... See all stories on this topic » | ||
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| UBS slammed by Facebook IPO losses msnbc.com UBS said its net profit in the quarter fell to 425 million Swiss francs, or $434 million, with $357 million in losses coming from what UBS called "the gross mishandling" of the Facebook IPO by the Nasdaq Stock Market. The Nasdaq exposed UBS, as a market ... See all stories on this topic » | ||
| Facebook rolling Timeline to all soon, launches new photo feature Los Angeles Times Facebook began implementing Timeline in January, slowly letting most users move to the new feature on their own while forcing others to make the switch too, and now the company said the migration will be completed in the fall. The Menlo Park company ... See all stories on this topic » | ||
| UBS Profit Falls 58% on Investment Banking, Facebook Loss San Francisco Chronicle July 31 (Bloomberg) -- UBS AG, Switzerland's biggest bank, said second-quarter profit fell 58 percent, missing analysts' estimates, as the investment bank posted a loss tied to Facebook Inc.'s initial public offering. Net income declined to 425 million Swiss ... See all stories on this topic » | ||
| 80 Percent of Facebook Ad Clicks Came From Bots, Firm Says PC Magazine A New York-based startup is ditching Facebook after it discovered some questionable activity on the social network's ad platform. Limited Run, which develops e-commerce platforms for musicians and labels, claims that 80 percent of the clicks for which ... See all stories on this topic » | ||
| Facebook spars with advertiser over click fraud allegation Computerworld IDG News Service - Facebook said Monday it has defenses in place to detect click fraud despite one company's claim it detected suspicious clicks on its advertisements billed to it by the social-networking site. Limited Run, a company based in Manorville, N.Y. ... See all stories on this topic » | ||
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| Social Media Are Giving a Voice to Taste Buds New York Times Visitors to the new Lay's Facebook app are asked to suggest new flavors and click an "I'd Eat That" button to register their preferences. So far, the results show that a beer-battered onion-ring flavor is popular in California and Ohio, while a churros flavor is a hit ... See all stories on this topic » | ||
| Startup Finds Fame After Tangling With Facebook Mashable A Long Island-based startup has very publicly picked a fight with Facebook, penning a bitter goodbye note on the site that charges 80% of the clicks it paid for in ads were from bots. Though the company — Limited Run — had only 400 or so fans when the ... See all stories on this topic » | ||
| No Facebook friend: UBS reports $350M IPO loss Crain's New York Business (blog) Initially, UBS said its Facebook loss wasn't "material," according to Bloomberg News. But that plainly wasn't the case. The trading loss caused UBS earnings firmwide to decline by about 60% in the second quarter and led its beleaguered investment to record ... See all stories on this topic » | ||
| Facebook Rolling Out 'Save for Later' Option PC Magazine Facebook understands that users are in a hurry, and don't have time to read every long-winded rant posted by friends, so the social network has added the option to save posts for later. As iMore first reported, Facebook dropped the new feature into its iOS ... See all stories on this topic » |
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| What Facebook Can Tell Us About Olympics Fans [INFOGRAPHIC] By Sam Laird Olympic fans like sports. But what do they Like? Facebook -- who else? -- holds many interesting insights there. Mashable! | ||
| Bing search lets you tag Facebook friends, forces them to Google ... By Terrence O'Brien Microsoft has already made its "decision" engine get all buddy-buddy with Facebook and Twitter, but now it's taking the integration one step further. You'll now actually be able to tag your friends in searches. Why, pray tell, would you need to ... Engadget | ||
| Facebook introducing 'save for later' feature | The Verge By Aaron Souppouris Facebook is reportedly rolling out an update to its mobile platform that allows users to save friends' posts for reading later. According to iMore, users will soon see a notification letting them... The Verge - All Posts | ||
| Rapper Eminem Is The First Person To 60 Million Facebook Likes ... By Justin Lafferty Not long ago, Eminem surpassed Lady Gaga in terms of Facebook following. Now the rapper can celebrate another milestone: first human to 60 million Facebook fans. AllFacebook | ||
| Facebook creates new collage layout for photos section of Timeline By Brittany Darwell Facebook today announced changes to the photos section of Timeline that makes photos larger and easier to interact with. Users can also highlight particular photos, similar to how they do on Timeline, to make them stand out among other ... Inside Facebook | ||
| Is Facebook's Ad Model a Scam? « naked capitalism By Yves Smith Hey everyone, we're going to be deleting our Facebook page in the next couple of weeks, but we wanted to explain why before we do. A couple months ago, when we were preparing to launch the new Limited Run, we started to experiment ... naked capitalism | ||
| Why Bing's Facebook Integration Won't Help Most People By Mark Hachman On Monday, Microsoft added the capability to "tag" Facebook friends while searching in Bing, actively soliciting the wisdom of real people when conducting searches. While this sounds like a great idea in theory, it's unlikely to be used except ... ReadWriteWeb | ||
| Company ditching Facebook after finding 80% of ad clicks come ... By Ryan Whitwam Facebook has been taking a real beating in the business world as of late. Some high-profile advertisers have backed out, and the stock price has taken a dive. Amid all this, one startup has been investigating what Facebook's ad platform really ... Geek.com | ||
| 2 New Ways to Keep Your Facebook Peeps On-Page and Engaged ... By SocialMktgFella Within the social ether, web forums, and industry conference circuits there are lots conversations and articles assessing the effectiveness of Facebook brand pages in an overall marketing strategy. And questions like, "Should a company use a ... Social Media Today - The world's... | ||
| Mark Zuckerberg Reveals He Is Open To A Radical Change In ... By Nicholas Carlson This limited headcount has also gone hand-in-hand with Facebook's platform strategy: Facebook develops and updates a core set of features and products – and then gives third-party developers controlled access to its user-base so they can ... Business Insider | ||
| Facebook's new photo design brings magazine layouts and full ... By Jolie O'Dell Facebook is preparing to change its photo layout once again, and the new experience is as slick as thumbing through a glossy print magazine, one where you yourself in control of the layout. VentureBeat | ||
| Production Nissan Pathfinder revealed on Facebook By George Kennedy Through that little-known social media site known as Facebook, Nissan has released the first official images of its production 2013 Nissan Pathfinder. Autoblog | ||
| Facebook Advertiser Pulls Page After Suspicious Clickjacking ... The company (known as Limited Pressing on Facebook) offers a framework for artists to build their own small scale music stores, take orders, and distribute product either digitally or in real life. Until earlier today we'd never heard of it, and you ... HotHardware.com News Rss Feed | ||
| UBS: NASDAQ's 'Gross Mishandling' Of The Facebook IPO Cost Us ... By Joe Weisenthal Due to the gross mishandling of Facebook's market debut by NASDAQ we recorded a loss of CHF 349 million in our US Equities business as a result of our efforts to provide best execution for our clients. As a market maker in one of the largest ... SAI |
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| An unexpected journey | Facebook Peter Jackson wrote a note titled An unexpected journey. Read the full text here. www.facebook.com/notes/peter.../an.../10151114596546558 | ||
| Shapeways 3D printing community | Facebook Shapeways 3D printing community is on Facebook. To connect with Shapeways 3D printing community, sign up for Facebook today. Sign UpLog In ... shpws.me/biTO |
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