Investors snapped up Facebook shares on a much hyped and tumultuous first day of trading. Mark Zuckerberg got it all started by ringing the opening bell for Nasdaq. Then a glitch delayed trading by half an hour. The IPO put Facebook's market value at over $100 billion — more than McDonald's or Amazon.
A TED Talk challenging conventional wisdom that rich entrepreneurs are the number one job creators is now available for public viewing, after TED organizers originally kept the video private because it was too "explicitly partisan."
SpaceX is set to launch its Dragon spacecraft to rendezvous with the International Space Station this weekend. If successful, it will be the first commercially developed, launched and operated craft to meet the ISS. SpaceX head Elon Musk talks about the launch, and his other project, Tesla Motors.
Reporting in Nature, researchers write that two individuals, both paralyzed by stroke, made reach-and-grasp movements using a thought-controlled robotic arm. One participant was even able to a sip a drink by herself. Neuroengineer Dr. Leigh Hochberg discusses the paper and the ongoing trial.
Facebook begins public trading Friday at $38 a share. The social networking company boasts 900 million users, giving it undeniable clout in the marketplace. Whether Facebook can generate enough profit to justify its valuation is another matter.
If all goes well, an unmanned capsule will become the first commercial spacecraft to visit the International Space Station. SpaceX and NASA have been working together to make this launch happen, navigating cultural differences between the young startup and the veteran agency.
Facebook has priced its much-hyped stock at $38 a share in advance of its initial public offering Friday. It is expected to be one of the largest IPOs in history and the company is expected to raise as much $18 billion.
Facebook hopes to raise more than $100 billion in its initial public stock offering. In a piece at Slate.com, tech columnist Farhad Manjoo warns that Facebook users can expect to see changes, including lots more ads. But he warns the company must balance profit seeking with the desires of users.
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