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...
Twitter's board is swapping Pepsi CFO Hugh Johnston for ex-Google CFO Patrick Pichette...
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...
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...
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 ...
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...
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...
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...
Facebook is buying back $6 billion of its stock from shareholders, the company announced in a SEC filing on Friday. The repurchase program will begin in the first quarter of 2017, per the filing.
Facebook also announced that its chief accounting officer, Jas Athwal, is retiring in a separate filing...
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...
