Facebook shares began trading on the Nasdaq exchange this morning with an immediate jump of approximately 11 percent to a price of about $42 per share. It’s a signal that Facebook and its bankers priced its IPO incredibly well; a large leap on the first day would have meant Facebook left money on the table. Instead, the company got the most value out of the shares it sold. Read the full story at All things D.
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.
Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.
Subscribe