by Erik Kain on December 19, 2011
After raising $400 million earlier this year from venture capital investors, Twitter is getting a second boost from Saudi Prince Alwaleed bin Talal. Talal is the primary shareholder in Kingdom Holding Company. Forbes staffer reports that ” is 95% owned by the prince, who as of March 2011 was worth $19.6 billion.” The Saudi Prince said [...]
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When Groupon went public a few weeks ago, I warned at the time that we should be skeptical of the IPO. My Forbes colleague, Eric Savitz, reports that the stock is falling apart: In an ominous development for the Internet IPO market generally and the daily deals sector generally, investors are walking away from [...]
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Tim Carmody throws some cold water on Groupon’s IPO which has, by all measures, exceeded expectations. Although the company has only made a small portion of its total value available for trading, $700 million raised on the first day of trading is nothing to sniff at, making it the biggest IPO for an internet company [...]
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E.D. Kain is a blogger and freelance writer. Currently he serves as Editor-in-Chief of The League of Ordinary Gentlemen and writes a policy blog at Forbes. He can be found occasionally composing 140 character cultural analysis on Twitter. His writing has appeared in The Atlantic, The National Review, The Washington Examiner, and the now-defunct True/Slant.
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