The initial price didn’t hold, gaining 11 percent as investors scrambled to get a piece of the company that started in a Harvard dorm room and became, with Friday’s trading, a more than $100 billion giant.
Facebook Inc. and its early investors now stand to reap as much as $18.4 billion from the IPO, if the extra shares reserved to cover additional demand are sold as part of the transaction.
Newark’s City Hall must provide a list of documents related to the multimillion dollar pledge by Facebook founder Mark Zuckerberg to fix its troubled schools, a judge ruled Friday.
“Your medium of communication you all so dearly adore will be destroyed,” says a computerized voice in an online video.
Anderson most recently served as superintendent of Alternative High Schools and Programming for the New York City Board of Education.
N.J. Gov. Chris Christie, Facebook founder Mark Zuckerberg and Secretary of State Hillary Clinton are just a few of the notable names from the Tri-State to make TIME magazine’s list of the 100 Most Influential People.
The awards were announced Tuesday by the Foundation for Newark’s Future, the organization created to disburse the money.
Christie said he wants to have the new superintendent working before the new school year.
The plan reportedly called for some long-struggling schools to be closed and their students sent elsewhere. Other schools with low enrollment could be consolidated.
At 26, Zuckerberg, from Dobbs Ferry, has put himself on the map not only as one of the world’s youngest billionaires, but also as a prominent newcomer to the world of philanthropy.
The social site’s founder was the latest to join Giving Pledge, an effort led by Microsoft Corp. founder Bill Gates and investor Warren Buffett to commit the world’s wealthiest people to step up their charitable donations.
Facebook is redesigning the profile pages of its 500 million-plus users to make it more of a reflection of their real lives and emphasize one of the site’s most popular features, photos.
LeBron James has been nominated for Time Magazine’s annual ‘Person of the Year.’ Did I hear that correctly?
The first phase of the $100 million makeover of the Newark school system that’s being funded by Facebook founder Mark Zuckerberg is going into effect.
Two weeks after Mark Zuckerberg announced a $100 million donation to Newark schools, students there used the social networking site to stage a protest.