Facebook Twitter google+ RSS Feed

9 Business Moves of The Year

By SiliconIndia   |   Monday, 17 December 2012, 13:32 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

Bangalore: The year 2012 has been a roller coaster ride for many business entities. On one hand where giant entrepreneurial Gods like Facebook and Zynga encountered dropouts from the IPO blunder, others get a fresh kick start to take them to new heights. The following 9 business moves not only made the top headlines but has also set extraordinary examples for other entrepreneurs to take into account.  Let’s see how the journey has been, as reported by Inc.com

1. Facebook IPO Blunders

The year 2012 doesn’t seem to be acclamatory for Facebook founder Mark Zuckerberg.  The decision of avoiding trading hordes for long has turned out to be a big mistake for Mark. Being a public company brings in lot of pressure and Zuckerberg already had suspicions on the capital market. Due to lack of funds Mark Zuckerberg also attempted to prevail upon venture capitalists Hedge Fund managers, even a Russian oligarch. These investors too seem to cash out the funds leaving Facebook to still remain a private company. All these situations lead Zuckerberg with no other option but to go for IPO in May 2012.

However, launching the IPO didn’t prove to be lucky enough for Facebook. The last minute change executed by David Ebersman, Facebook’s Chief Financial Officer, to increase the size of the offering did not turn out to be favorable. Facebook’s stock was drove down by 15 percent by trading hordes.

Also Read: 10 CEOs and Their First 'Kidult' Jobs

next new
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset