Fitness measurement gadget maker Fitbit has surged a full 50% in its stock market debut today, meaning Fitbit is now a $6 billion company that, ideally, would not exist.
Your Angry Yelp Reviews Are Worth More Than A Billion Dollars
Whine-aggregating service Yelp went public today, and is currently trading at $24.60 a share, which values the company at around $1.43 billion, according to Reuters. If this IPO were a Yelp listing, there would be a bunch of reviews like: "Not a bad IPO when you're drunk at night and nothing else is open, but WAY WAY…
David Choe Just Made $200 Million For Painting Facebook Office with Erotic Art in 2005
If then-President of Facebook Sean Parker had come to you in 2005, asked you to paint his new offices with a bunch of cocks, and then offered to pay you in either a few thousand dollars in cold hard cash or just the equivalent in company stock, you would probably have gone for the cash, right? Particularly if the…
Facebook Reveals How Staggeringly Rich And Popular It's Become
Facebook just released its first-ever official financial numbers as part of its filing to go public, and they're very impressive. One billion dollars in annual profit impressive. Also: Much of humankind is hopelessly addicted to Facebook.
The Insufferable Facebook IPO 'News' Frenzy Begins Tomorrow
Facebook will file to go public tomorrow, in case you missed the rolling thunder bombardment of news articles this week, or in the months preceding. There won't be the faintest reason for the average person to care about this IPO until shares actually start selling months from now, but in the meantime you should steel…
Source Reveals Facebook Is Swimming In Cash
A well-placed mole has forwarded us the Silicon Valley equivalent of hard-core pornography: an explicit look at Facebook's finances. They're even more staggering than we expected. A gusher of profits has left the social network with a cash hoard to rival established companies like 3M, eBay and Yahoo.
Mark Zuckerberg Wants $10 Billion By Summer
The tech bubble is burst, but Facebook is moving to quickly revive it: The social network is planning to go public as soon as April at a valuation of more than $100 billion.
Yelp Will Go Public Barring Some Sort of Miracle
Yelp, the hive of entitled creeps, "elite" monsters and extortionate salesmen, filed to IPO at up to $2 billion valuation, four times what Google once offered. If people keep occupying Wall Street forever, maybe this unprofitable company/monster will just die.
Let's Rewrite Securities Law for Facebook
Two senators introduced legislation to help Facebook further evade a 47-year-old SEC disclosure rule and take on a slew of new investors. Because that's the problem in America lately, you see: Corporations are too well regulated, and we know too much about the inner workings of large, heavily capitalized institutions.
The Groupon IPO Will Be Huge (God Help Us)
Groupon goes public tomorrow, and the financially frightful coupon startup should be a stock market hit: With about 10 times more prospective buyer than shares, the stock priced today at $20, up from an expected $16 - $18. So it looks like the tech bubble, inflated heretofore by private investment deals, is going…
Deal of the Day: Groupon Now Only Worth $12 Billion
What a basketcase: Groupon has slashed its proposed valuation to $12 billion from $30 billion as it ramps up for an initial public offering. So if you're in the market for a technically insolvent online discounter with shady accounting, now is the time to buy! Goldman Sachs is involved, so you just know it's a good…
Groupon's Value May Have Plunged 88 Percent
Investors are willing to gamble less and less on Groupon's imaginary future profits, various fund managers told Bloomberg, thanks to the near constant reminders about just how imaginary those profits are. One fund manager thinks the online coupon startup has seen its value fall to as low as $3 billion from $25 billion.
How Dodgy Groupon Could Go Public Next Month
After making noise during its federally mandated quiet period and after taking heat for a farcical accounting metric, Groupon might still be able to IPO next month. The online discounter's CEO just has to prove to the feds that he's not a liar.

