After Carl Icahn snapped up a 10 percent stake in Netflix, which caused a 15 percent jump in the company's stock shares yesterday, the streaming-video company announced that it's ready to listen to Icahn's business advice.
"We have many shareholders, now including Mr. Icahn, and we're always open to their perspective on how to build on our success," a Netflix representative told CNET in an e-mailed statement.
Icahn's history as an investor is full of high-profile proxy fights and tussles with management. In recent years, he has fashioned himself as an investor activist. … Read more
No one knows how many of Facebook's rank-and-file employees decided to sell some of their pre-IPO holdings today -- the first time they've been allowed to since the company went public back in May at $38 a share.
But plenty of people did sell -- either employees or investors fearful that a rush of new shares on the market would push down the stock. Or, more likely, a combination of both. The stock, which traded nearly twice the volume of a typical day, ended down 3.37 percent at $21.12. (Note, however, that this is far above … Read more
Last updated at 2 p.m. PT
Apple's stock has entered territory it hasn't been in for quite some time.
The stock finished at $595.32, down $8.68, or 1.44 percent today. At one point earlier in the day Apple's shares fell as low as $587.70.
Apple's stock hasn't closed a day below the $600 mark since July. For a brief period on Friday, Apple's shares dropped to $591 before closing the day at $604.
One big question looming over Facebook's stock: How many insiders are going to start dumping their shares?
After more than five months of watching their holdings sink, most employees and early Facebook investors can start cashing in their pre-IPO stock as the so-called lockups expire. Not all at once, however, but the key dates are coming fast and one, in fact, just passed (though the markets were closed because of Sandy). By the end of the year, Facebook's float -- that's the stock that's available to trade in the open market -- will increase by more … Read more
Apple shares, which just a month ago hit a record high of $702, today dipped briefly below $600.
The stock, which opened at $609.43, started falling about an hour later, eventually dropping to a low of $591 shortly after 9 a.m. PT. The shares subsequently rallied and crossed back above the $600 line a little over an hour later.
Apple reported mixed earnings yesterday, beating expectations for revenue but falling short on profits. Sales of iPhones came in slightly above Wall Street estimates, although iPad sales disappointed.
Facebook's beaten down stock soared today, posting its biggest one-day gain since going public and boosting its CEO Mark Zuckerberg net wealth by a cool $2 billion. Shares closed up $19.13 percent to close at $23.23 after Facebook yesterday posted solid quarterly earnings and showed that it's on its way to making big money from mobile.
The rare rally came as Zuckerberg spent much of yesterday's conference call convincing Wall Street analysts that mobile is not a problem but a monstrous opportunity that he is tackling with full force.
It's only a one-day bump, … Read more
Facebook's stock is on a tear today, poised to post its biggest one day gain since it went public in May. This comes a day after the company's strong third-quarter earnings report and, perhaps more importantly, its upbeat call with analysts in which CEO Mark Zuckerberg said flat out, "I want to dispel this myth that Facebook can't make money on mobile."
While Zuckerberg and his top execs stressed that Facebook is in the early days on this front -- it only started trying to make money from mobile in March -- they did share … Read more
Players are spending 20 percent less on Zynga games, which means Facebook is receiving less money from those games as well.
"Overall, gaming on Facebook isn't doing as well as I'd like," Facebook CEO Mark Zuckerberg said during the company's third-quarter earnings conference call today. He said the rest of Facebook's gaming network has been growing -- monthly payments revenue from other games has increased by 40 percent since last year -- but Zynga's numbers have fallen.
Zynga's payment revenue has gone down 20 percent since last year's third-quarter earnings, Facebook'… Read more
Not even Apple could escape unscathed on a day when the stock market got gob-smacked by fresh worries out of Europe and disappointing earnings news at home.
See CNET's full coverage of Apple's iPad Mini event After staging an early afternoon rally that brought its shares close to breakeven, Apple's stock fell back -- with the rest of the market -- down more than 3 percent for the day to finish at $613.39. What do you want? It was a lousy day in the stock market, with the market finishing down nearly 243 points, and not … Read more