Tag archive: SEC

Apple is in the midst of wrapping up a landmark year right now, managing to push past $100 billion in revenue for the first time in the company's history. As a “thank you” to the top executives responsible for overseeing this achievement, the Mac-maker is handing out one million shares of stock in all to seven key senior vice presidents, according to The Wall Street Journal (via MacRumors). The seven recipients are: Eddy Cue… Read More

Things may be looking up for daily deals giant Groupon, after all. According to Alexia Tsotsis at TechCrunch, the daily deals company gained 2 percent market share during the month of August, and saw its revenue surge 13 percent, increasing its revenue from $106 million in July to $120.7 million in August. The company's financial data comes via daily deals aggregator, Yipit, which analysed 30,000 daily deal offers, from a variety of… Read More

  President Barack Obama last night delivered a speech to Congress during which he outlined his American Jobs Act, a $447 billion plan to jump start the sluggish economy and get people back to work. With legislation this large in scope, there are more ins and outs than we care to think about, most of which we will leave to the political press to parse through. There is, however, one particularly interesting bit of the bill that should have the… Read More

According to CouponHQ, Both Groupon and LivingSocial lost a bit of revenue over the month of August. Laying blame at Hurricane Irene for the decrease in purchases and number of deals, Groupon fell by 4.8 percent and LivingSocial by 1.8 percent. However, revenue also declined for the companies in July. While Groupon's average cost of a deal has risen over August, the number of Groupon vouchers sold is down by 14 percent. The average cost… Read More

Groupon has taken quite the beating lately. Since it filed its S-1 forms months ago, the industry has been highly critical of its business model and downright distrustful of its accounting tactics. And aside from a very sarcastic blog post, Groupon hasn’t been able to defend itself. The quiet period, which falls after the S-1 filing and before the SEC’s stamp of approval, means that the company is legally prohibited from talking about the IPO.… Read More

If you are one of the 232 million people worldwide that build virtual farms or shore up virtual sorority houses, Zynga shareholders may eventually have a reason to thank you. Zynga has revised its S-1 filing with the SEC and provided some very healthy numbers about the business. “In late March 2011,” the report stated, “[Zynga’s] board of directors determined that the fair value of our common stock and Series Z preferred stock remained $13.96… Read More

The discussion about a tech bubble has been growing louder and louder as companies like Facebook and Twitter have received massive valuations. Groupon was set to try to capitalize on the frenzy but recent adjustments to their SEC paperwork may derail those efforts. When the company first filed to go public in June it showed an operating income of $60.6 million for 2010 and $81.6 million for the first quarter of 2011. But upon reviews of… Read More

A number of small business owners in San Francisco are tired of the swarm of pitches from Groupon and the wide variety of clone daily deals services, reports Business Insider. Their weariness comes just after a LivingSocial salesperson told the publication that the daily deals industry has reached its saturation point. One business owner, Joe Hargraves, who runs Tacolicious, says he's received around 40 pitches over the last year from… Read More

Ever since Facebook’s remarkable round of fundraising and approximated $70 billion valuation earlier this year, IPO rumors have been swirling. And an SEC regulation that requires businesses with more than $10 million in assets and over 499 shareholders to go public seemed to set a 2012 Facebook IPO in stone. The rule didn’t mean that Facebook would have to publicly sell off its shares but that it would have to allow access to its currently… Read More

In case you hadn't heard, daily deals giant Groupon recently filed its S-1 with the Securities and Exchange Commission, a necessary step before an initial public offering. The company wants to raise $750 million in its IPO. Unfortunately, many of the company's financial details revealed in the S-1 paint a less than enticing picture for possible investors. For starters, Groupon is “operating like a Ponzi scheme that needs… Read More

Technology titan IBM has reached a settlement with the Securities and Exchange Commission that will see the company forking over $10 million over charges the company engaged in a decade-long campaign of bribing government officials in China and South Korea in order to win lucrative contracts. The SEC had charged IBM with violating the Foreign Corrupt Practices Act (FCPA), claiming the company had engaged in a “widespread” campaign… Read More

According to the Wall Street Journal, the Securities and Exchange Commission is investigating the shares market of private companies, including Facebook and Twitter. The SEC is probing “potential conflicts of interest” since these companies are selling shares in secondary marketplaces. Clients like SecondMarket and SharesPost are largely responsible for holding and selling these types of shares for prices that have little to stand on other than… Read More

IPO rumors have been surrounding LinkedIn for awhile, and now the professional social network has filed for an initial public offering with the SEC. The offering is being led by investment firms Morgan Stanley, Bank of America Merrill Lynch, and J.P. Morgan Chase, which all courted the company earlier this year as it took sought advisors on going public. According to its S-1 form, LinkedIn revealed its net revenue for the first nine months of… Read More

Goldman Sachs clients who lost the opportunity to invest in Facebook are not going to go quietly. Earlier this week, the investment firm announced it would rescind its offering of Facebook shares to US clients because of “intense media attention.” The attention came in the form of the IPO technicalities. Goldman Sachs allegedly planned to worm its way through an SEC loophole in order to keep Facebook from being forced to go public, but after… Read More

It seems Hewlett-Packard isn't the only technology giant willing to engage in a little backhanded deal-making to secure lucrative government contracts: communications gear maker Alcatel has agreed to pay some $137 million to settle charges brought by the SEC and Justice Department that it paid sham consulting fees to bribe government officials in Asia and Latin America to secure lucrative contracts. “Alcatel and its subsidiaries… Read More