Facebook IPO Stock Price and Predictions
Facebook's IPO has definitely been the story of the week, and it's definitely been a busy week for both current and future shareholders of the company.
Yesterday, Facebook has confirmed that it will price its stock at $38, raising $16 to $18.4 billion in the IPO, making it the largest tech initial public offering in the history of the US.
What everyone wants to know, however, is the closing price on Friday afternoon, and Twitter-based crowdsourcing might just have an answer.
Meanwhile, Facebook co-founder Eduardo Saverin denies he renounced his U.S. citizenship in order to escape taxes. Saverin said his decision to do so is “based solely on (his) interest in working and living in Singapore.”
Steve Jobs Dreamt of an iCar
Steve Jobs dreamt of designing an iCar, claims J. Crew CEO and Apple board member Mickey Drexler. Unfortunately, Jobs never got to design it, claims Drexler, shedding some light on Apple's immediate plans. The living room is something Apple is "dealing with at some point in the near future," said Drexler.
Samsung Received 9 Million Pre-Orders for the Galaxy S3 [REPORT]
Samsung's upcoming flagship smartphone, the Galaxy S3, is due to hit the European market on May 29, but it's already doing really well, according to a report from Korea Economic Daily.
The company reportedly received 9 million pre-orders from more than 100 international carriers for the device. KED's sources also claim Samsung’s smartphone factory in South Korea is running at full capacity, producing 5 million units per month.