The Big Facebook Public Stock Sale Was………Not So Good

Today was the big day…the day Facebook went public with potential share buyers lining up with visions of riches beyond their wildest expectations. Facebook did raise over $18 billion which gets their market value to about $100 billion, which was the goal. The stock sale, known as an IPO (initial public offering), did much better than Google’s IPO in 2004 which raised about $1.7 billion putting the market value somewhere around $26.4 billion, but again, that was 2004. Trading was actually delayed because of a huge surge of orders. The stock finally began trading on the NASDAQ under the symbol “FB” at 11:35 am ET.
The hope was the stock would close at something much higher than the initial price of $38 per share. FB did get to $43 for a very short time then dropped back to $38 taking the entire floor by surprise and ultimately closing at $38.23, meaning a gain of only 23-cents above the IPO price…not what they expected.
Most believe that FB’s closing price means a very uncertain future for the stock which absoutely flies in the face of what was expected. The upside for people who bought the stock today….at least you haven’t lost anything………not yet anyway. Time will tell, but it appears FB got a ‘thumbs down’ today.
Major National Anthem Flub Before Hockey Game
The national Anthem is one of the toughest songs to sing that there is. There have been some great versions and some really bad versions over the years - Rosanne - just sayin'. We had some great versions at the Ford Center during the recent Icemen season and just the other night, a little boy did a killer version of the anthem before the Otters game at Bosse Field that was awesome... but sometimes.
How Do You Pronounce GIF? The Creator Says We’re All Wrong Because It’s Pronounced ‘JIF’
There are hundreds and thousands of formats in today's computer world, but the GIF format stands alone and was even named the "word of the year" in 2012. GIF stands for 'Graphic Interchange Format'...whatever the heck that means, but it has changed computer animation as we know it. It has always been pronounced with a hard "g", like gift and apparently, that is absolutely WRONG...who knew?
Tri-State Gives Moore Mediathon Raises $26,000 For Red Cross
A partnership between Eyewitness News, Townsquare Media, and the Evansville Courier and Press have made a big impact with the Red Cross. Wednesday from 6am-6pm, all the media outlets pooled their efforts to raise funds for victims of the Moore, OK tornado victims and with the help of Tri-State donors, we were able to raise $26,016 just in phone-in donations.
Be Prepared When a Tornado Strikes with New Red Cross Tornado App
The months of May and June bring welcome relief from the winter chill, but they also bring along an increased risk for severe weather in the Tri-State area, namely tornadoes.
Trace Adkins Accidentally Recorded an Album of Love Songs
'Love Will …' is the new collection of love songs from Trace Adkins. It's a project that makes complete sense, as few men in country music can match the singer's romantic baritone. Adkins says he didn't intend to make the project he ended up with, however.
Blake Shelton and Miranda Lambert Bring ‘Over You’ to ‘The Voice’ in Tribute to Oklahoma
Blake Shelton and Miranda Lambert brought their much-decorated ballad 'Over You,' which they penned together about the death of Shelton's brother, to 'The Voice' on Tuesday, performing the intimate and deeply personal song with a different purpose.
Jake Owen Split His Pants During Concert in South Carolina and You Won’t Believe What Happens Next
I gotta say, the tighter, the better, when it comes to Jake Owen and his jeans. He, unlike some artists, has a great butt. During a show in South Carolina, his fans got a quick peek at his sexy bum when his pants spit on stage.
OK for Oklahoma Live Broadcast Photos
Donating now to help the victims of the Oklahoma tornado now and check out our photos from this morning!
• Visit: Red Cross Office located 29 S. Stockwell Road to donate in person
• Call: (812) 471-7200 from 5am-65pm and a member of the phone bank can take your donation
• Click: redcross.org/tristat
Eric Church Is ‘In the Process’ for His Next Album
If you've seen Eric Church lately, you may have noticed that he's grown his beard out a little bit more than usual. That's not because he's gotten lazy abut shaving -- it turns out the beard is part of the musician's process for his next album.
Veteran Reporter Has Emotional Breakdown While Covering Oklahoma Tornado
Dozens of people including children were killed after a massive tornado tore a swath of destruction through an area outside Oklahoma City yesterday. In fact, it was such a terrible scene that local KFOR reporter Lance West broke down while reporting the news.




