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Facebook To Pay IPO Underwriters 1.1 Percent Fee
2012-03-21 09:17:40

Facebook plans to raise $5bn in an initial public offering (IPO) this year, and will pay its underwriters a 1.1 percent fee, according to a Bloomberg News report on Tuesday citing two sources with knowledge of the company's plans. That payout would be much less than Wall Street´s typical underwriting fee of 3 to 7 percent.  The lower fee structure is reportedly due to the prestige of being associated with Silicon Valley's largest ever IPO, as well as the promise of being bankers...

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2012-01-27 10:14:45

Facebook and the U.S. state of Washington (WA) are suing Adscend Media, accusing them of a practice called “clickjacking,” which fools users of the No. 1 social network service into visiting advertising sites, revealing personal information and spreading the scam to others. The lawsuit alleges that Adscend Media has profited more than $1 million per month by using bogus pages on Facebook to whisk people away to other sites. The lawsuit charges that the Delaware-based online ad...

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2009-04-24 14:05:00

Some 75 percent of users of the popular social networking site Facebook voted to back changes allowing them control over data and content they post on the site, BBC News reported. Many users expressed their concerns after Facebook made controversial changes to it terms and conditions in February. The previous changes seemingly gave the social network site ownership of images, videos and data that users posted on profile pages. Facebook withdrew the changed terms in response to the criticism...


Word of the Day
reremouse
  • A bat.
The word 'reremouse' comes from Middle English reremous, from Old English hrēremūs, hrērmūs ("bat"), equivalent to rear (“to move, shake, stir”) +‎ mouse.
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