WRAL Tech Wire

Dropping citizenship to save Facebook co-founder $67M in taxes

Facebook co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping U.S. citizenship. Those savings will keep growing if Facebook's shares increase after its IPO.

Facebook investors 'cashing out' more shares in IPO frenzy

"Everybody is cashing out," a hedge-fund manager says. "It's normal for private equities and venture capitals to cash out, but the obvious question is whether they are stretching it too far."

Facebook frenzy increases; 25% more shares being offered

On Tuesday, Facebook upped the price range for its IPO to as much as $38 a share. On Wednesday, the social media giant increased the offering to more than 421 million shares.

A Facebook co-founder renounces U.S. citizenship to save on taxes

Facebook co-founder Eduardo Saverin has renounced his U.S. citizenship, a move expected to save him hundreds of millions of dollars in taxes stemming from the company's impending initial public offering.

Lots to like: Facebook ups its stock offering price

In a regulatory filing Tuesday, Facebook upped the price range for its initial stock offering to between $34 and $38 from the original target of $28 to $34. Facebook could raise as much as $12.8 billion.

Buffett, Munger won't buy Facebook

Facebook kicks off its highly anticipated IPO road show Monday, but two high-profile investors won't be taking the pitch.

Valley buying frenzy; Apple's new maps; Apple co-founder wants Facebook shares; Linux creator hits GitHub; LightSquare woes

In the Bulldog blog: A frenzy of buying startups is driving up valuations for emerging companies; Apple is dumping Google Maps, report says; Apple's co-founder will buy Facebook shares regardless of price; Linus Torvalds doesn't care for GitHub - he invented Git; LightSquared nears bankruptcy.

Some investors have doubts about Facebook as IPO nears

Facebook said last week that growth in advertising sales isn't keeping pace with gains in users, many of them logging on from handheld devices, while some institutional investors have balked at buying Facebook stock, people with knowledge of the matter said. That adds to pressure on company executives to articulate their mobile strategy ahead of the IPO, due this week.

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Facebook wraps up IPO road show in Silicon Valley

Friday's event was the last of the bigger road show events that Facebook Inc. is holding ahead of its initial public offering of stock, which is expected late next week.

Facebook links the world - Graphic from IPO filing

Latest news on Google, Facebook, Symantec, Blackbaud, Big Data

Google moves for mistrial in Oracle case; Facebook announces App Center; Symantec leapfrogs McAfee in mobile security; Blackbaud merges with Convio; Is big data just a fad, or something much more profound?

Latest News on Xbox, Facebook, Google, AT&T, Rovio

Microsoft tests $99 Xbox deal; When Facebook Met Wall Street; Google extends Hangouts on Air broadcasts to all; AT&T chief regrets offering unlimited data for iPhone; Angry Birds maker Rovio makes $106M in 2011, considers IPO.

Latest news on Apple, Facebook, BlackBerry, FBI, Cloud

Did Apple settle on Plan B for the third-generation iPad?; Facebook adds locations, read receipts to messenger app; BlackBerry maker faces tough uphill app battle; FBI wants access to social networks, e-mail providers; Cloud is a corporate strategy, not a tactical solution.

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Facebook prices shares at up to $35 for biggest Internet stock offering

The social media giant aims to sell more than 337 million shares at a price between $28 and $35 in what would be the biggest initial public offering of stock by an Internet company. Founder Mark Zuckerberg will own 31.5 percent of the company after the IPO.