Tag: WALLSTREET

DealBook is reporting that Facebook has received $500 million from Goldman Sachs and another Russian firm, as part of a deal that valued the social network at $50 billion. That valuation places Mark Zuckerberg's company ahead of eBay, Yahoo and Time Warner, and may put some additional pressure on Zuck to finally take Facebook public. When he does, expect Goldman to be by his side. ...

Yes, it was a rough day all-round for the markets yesterday, and with the repercussions spanning the globe overnight, we're not too optimistic that it'll be a much better day today. But, while bank- and investment-related stocks were the story of the day, tech stocks were some of the biggest losers, with Apple, Google, and Yahoo all getting hit particularly hard. Apple was the worst, dropping ...

The economy is in bad shape at the moment, to say the least. With banks failing and other financial institutions being absorbed, the foundations of money making in the U.S. are crumbling. However, some companies are oddly optimistic about the situation -- and we don't just mean those who make money from foreclosures. New York-based tech startups have been losing talent to Wall Street for years, ...

Cybersquatters, people who buy up potentially valuable domain names in the hopes of making money off of them, are rubbing salt in the wounds of the collapsing banking and insurance industries. Web addresses for newly-merged (and possibly-soon-to-be-merged) banks are being bought up before many of the companies even know who is merging with whom. Barclayslehman.com, hsbclehman.com, ...