NewsBiscuit

The news before it happens…

Posts Tagged ‘shares’

Furious Facebook investors pacified by amusing picture of kitten

noAs its share value continued to plummet towards zero in its first week of trading, social media giant Facebook has seen off a major revolt by thousands of furious shareholders by issuing a series of heartwarming and whimsical posts featuring kittens and other adorable internet memes.

Shares in the company were initially made available at $39 each last week. But they plummeted to barely $35 within hours of trading, as new shareholders logged onto Facebook for the first time. ‘I couldn’t believe it. It was just a bunch of solipsistic ramblings and inane platitudes being ascribed to the Dalai Lama,’ bemoaned first-time investor Alex Joseph. ‘All for $39 a pop. Thank you very much Mark fuckin’ Zuckerberg.’

Read more >

Posted: May 29th, 2012
More from Business



David Beckham ‘bigger than Facebook’ in soaraway stock market debut

has received 4.2 billion friend requestsFacebook’s recent much-trumpeted initial public offering was overshadowed today as shares in David Beckham, Inc. gained 23% on their first day of trading, valuing Beckham at over $200 billion.

Read more >

Posted: May 20th, 2012
More from Business, Sport