1. Articles from Alex Heath

    1-10 of 10
    1. Facebook Has Settled the Lawsuit Over Non-Voting Shares Days Before Mark Zuckerberg's Planned Testimony

      Facebook Has Settled the Lawsuit Over Non-Voting Shares Days Before Mark Zuckerberg's Planned Testimony

      Facebook has settled the lawsuit about its plan to create a class of non-voting shares, a court official told Business Insider on Friday.

      The settlement means that Facebook CEO Mark Zuckerberg and other Facebook insiders will not take the witness stand in the closely-watched trial...

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    2. Snapchat CEO Evan Spiegel Committing to not Sell Shares Could Save the Stock

      Snapchat CEO Evan Spiegel Committing to not Sell Shares Could Save the Stock

      To save Snap's stock from falling further, CEO Evan Spiegel could turn the tables and copy Facebook 's Mark Zuckerberg for once. About five years ago, Facebook was in a similar position as Snap is in now: Its stock had been battered since its red-hot IPO at the beginning of the year, and investors were nervous about big insiders dumping their shares once the post IPO "lock up" on stock selling was lifted...

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      Mentions: Investors IPO Apple
    3. Insiders Say Google was Interested in Buying Snap for at Least $30 Billion Last Year

      Insiders Say Google was Interested in Buying Snap for at Least $30 Billion Last Year

      We keep hearing that Google floated an offer of at least $30 billion to buy Snap in early 2016.

      Three people, ranging from people inside and close to the company, separately confirmed they had heard the chatter and price tag, with one calling it an "open secret" among Snap's upper ranks and certain tech industry circles...

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    4. The Ex-Employee who Sued Snapchat for Allegedly Inflating Metrics Wants ‘Whistleblower’ Protection and a Trial by Jury

      The Ex-Employee who Sued Snapchat for Allegedly Inflating Metrics Wants ‘Whistleblower’ Protection and a Trial by Jury

      A former employee who claims Snap Inc. lied to investors ahead of its initial public offering has escalated his lawsuit against the company and is seeking protection under whistleblower laws.

      Anthony Pompliano, who served as Snap's growth lead for three weeks in 2015, is transferring his suit against the company from state to federal court, demanding a trial by jury and seeking damages of at least $10 million, according to a complaint seen by Business Insider that will be filed Tuesday in the U.S. District Court for the Central District of California.

      Pompliano's lawsuit names Spiegel ...

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    5. Mark Zuckerberg's Plan to Create Non-Voting Facebook Shares is going to Trial in September

      Mark Zuckerberg's Plan to Create Non-Voting Facebook Shares is going to Trial in September

      Facebook shareholders seeking to block Mark Zuckerberg’s to create a new class of non-voting stock will have their day in court. A trial for the lawsuit challenging the plan is on the calendar and is set to kick off on September 26, 2017, Facebook revealed on Thursday. The class action lawsuit seeks to block Facebook’s plan to reclassify its stock structure and create a new class of non-voting shares...

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    6. Mark Zuckerberg: The Calls to Kick Trump Advisor Peter Thiel off Facebook's Board Are 'Crazy'

      Mark Zuckerberg: The Calls to Kick Trump Advisor Peter Thiel off Facebook's Board Are 'Crazy'

      Mark Zuckerberg defended Facebook board member and Trump advisor Peter Thiel during a Q&A with students from North Carolina A&T State University on Monday.

      The Facebook CEO offered up his defense of Thiel, a billionaire venture capitalist and early Facebook investor, in response to a question about how the company "maintains a free and safe environment for the expression of all thoughts and feelings...

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    7. Snap's 2 Cofounders Will Sell up to $512 Million in Stock When Their Company IPOs in March (SNAP)

      Snap's 2 Cofounders Will Sell up to $512 Million in Stock When Their Company IPOs in March (SNAP)

      Snap cofounders Evan Spiegel and Bobby Murphy plan to each sell up to $256 million in stock when their company goes public in March, according to documents filed with the Securities and Exchange Committee on Thursday.  The Snapchat maker is seeking to price its initial public offering at $14 to $16 per share, and will float a total of 200 million class-A shares. The offering could value Snap at up to $22 billion...

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      Mentions: CEO
    8. Former CEO Dick Costolo thinks Twitter can still ‘be a successful, independent company’

      Former CEO Dick Costolo thinks Twitter can still ‘be a successful, independent company’

      One person who thinks Twitter still has a shot at staying an independent company: former CEO Dick Costolo. During a Monday interview on Bloomberg TV , Costolo touched on the reports that Google, Disney, Salesforce, and others are eyeing a bid at Twitter. “Well, I’ve said for awhile that I think Twitter can be a successful, independent company,” Costolo said when asked about potential Twitter suitors by Bloomberg’s Brad Stone...

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    1-10 of 10
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    Former CEO Dick Costolo thinks Twitter can still ‘be a successful, independent company’ Facebook is Doing a $6 Billion Stock Buyback (FB) Snap's 2 Cofounders Will Sell up to $512 Million in Stock When Their Company IPOs in March (SNAP) Mark Zuckerberg: The Calls to Kick Trump Advisor Peter Thiel off Facebook's Board Are 'Crazy' Mark Zuckerberg's Plan to Create Non-Voting Facebook Shares is going to Trial in September The Ex-Employee who Sued Snapchat for Allegedly Inflating Metrics Wants ‘Whistleblower’ Protection and a Trial by Jury Insiders Say Google was Interested in Buying Snap for at Least $30 Billion Last Year Snapchat CEO Evan Spiegel Committing to not Sell Shares Could Save the Stock Ex-Google CFO Patrick Pichette is joining Twitter's Board, and he just tweeted for the first time (TWTR) Facebook Has Settled the Lawsuit Over Non-Voting Shares Days Before Mark Zuckerberg's Planned Testimony Investor Stewardship Reporting and Engagement Tesla Board Will Have to Defend Elon Musk's Massive Compensation Package, Judge Says