Ep 21 of 2012
Monday May 21, 2012
On the show today, Facebook is now a public company.
It took eight years to stage one of the most anticipated initial public offerings ever. The anticlimax came last Friday, as Wall Street bankers struggled to prevent the newly minted stock from ending its first day with a loss. The stock had been widely predicted to soar on its first day. Instead, up until the closing moments of the trading session, Facebook's underwriters battled to keep the stock from slipping below its offering price of $38 a share. Such a stumble would have been a significant embarrassment.
Also tonight it looks like its HPs turn to shed staff, the DNS Changer date nears, apparently there are complaints about Siri, and the US and Australia team up on Cyber Security, Chrome on iOS and new Google search. But is there room for a new social network? Well Microsoft think so an it's called so.cl
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