Independent voices from the TWT Communities
Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest automakers: Does it pay to advertise on the social network?
In a told-you-so moment for Nintendo, sales of the Wii console are picking up, with 600,000 of them sold in the U.S. last week, according to the company.
"It certainly does raise the question: How much higher could the stock go if institutions who know the company well think this is a good price to sell?" said Daniel Ernst, an analyst with Hudson Square Research.
On the other hand, he said, investment firms only make money by selling their stakes, and they have bills to pay.