Stock Market

3:45pm

Wed May 16, 2012
All Tech Considered

'What Facebook Is Selling Is Us'

A worker sits in the Facebook office in Menlo Park, Calif. The amount of information Facebook learns about its users seems to have entranced Wall Street.
Jeff Chiu AP

Facebook's initial public offering is shaping up to be one of the largest in history. This morning the company told the Securities and Exchange Commission that it was expanding its offering ... again.

Now Facebook is planning to raise up to $16 billion from investors by taking a small slice of the company to the public. And it will likely be worth more than $100 billion on its opening day of trading. It could easily go higher.

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1:43pm

Wed May 16, 2012
Planet Money

For $75, This Guy Will Sell You 1,000 Facebook 'Likes'

Originally published on Thu May 17, 2012 11:48 am

How much for that thumb?
Paul Sakuma AP

Looking to get more popular on Facebook? Alex Melen will sell you 1,000 "likes" for about $75.

Melen runs an Internet marketing company. About six months ago, companies he worked with started coming to him more and more with a simple problem: They had created pages on Facebook, but nobody had clicked the "like" button.

"You would go there, and there would be two likes," Melen says. "And one of them would be the owner. And people right away lost interest in the brand."

For the right price, Melen can fix that.

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1:29pm

Wed May 16, 2012
The Two-Way

Bloomberg: Facebook's Saverin May Save $67 Million By Renouncing Citizenship

Originally published on Thu May 17, 2012 6:17 am

Eduardo Saverin, co-founder of Facebook.
Jason Kempin Getty Images

Bloomberg took out its pencil, paper and calculator and came up with this number: $67 million.

That's how much the news service estimates Facebook co-founder Eduardo Saverin could save in federal income taxes after having renounced his United States citizenship in advance of social media company's public debut.

Bloomberg reports:

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5:43am

Wed May 16, 2012
The Two-Way

Folks Seem To Like It, So Facebook Boosts Size Of Stock Offering By 25 Percent

Originally published on Wed May 16, 2012 6:20 am

Paul Sakuma AP

The hoopla continues over Facebook's initial public offering of stock, with word that the social media giant has increased the size of Friday's IPO by 25 percent.

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3:39pm

Tue May 15, 2012
Business

Shareholders Press JPMorgan Over Risk-Taking

Originally published on Tue May 15, 2012 3:46 pm

Protesters are seen behind a banner with a picture of JPMorgan Chairman and CEO Jamie Dimon outside a shareholders meeting Tuesday in Tampa, Fla.
Joe Raedle Getty Images

JPMorgan Chase faced more critics Tuesday, this time from some of its own shareholders at its annual meeting in Tampa, Fla. This comes after the bank disclosed it lost at least $2 billion last week in a bungled trading strategy.

The Securities and Exchange Commission is looking into the surprise loss, and the Justice Department has now reportedly opened a preliminary probe.

JPMorgan executives let shareholders do some venting at Tuesday's meeting.

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