Tech Business Review: Groupon Loses INVESTORS, Facebook Back to $20
Groupon, Inc. (NASDAQ:GRPN) has now seen the loss of all the shares of four of its early investors, since the expiration of the firm’s post IPO lockup in June, according to the Wall Street Journal. The venture capital firm Andreessen Horowitz was one of the companies divesting shares, but some analysts note that it’s not uncommon for investors to have a policy that indicates such sales as soon as possible following an IPO.
Don’t Miss: Why is This Judge Getting in Facebook’s Way?
General Dynamics Corporation (NYSE:GD) buys the cyber security company Fidelis Security Systems in a transaction slated for completion in the third quarter whose financials have not been divulged. Fidelis employs around 70 people at its Waltham, Massachusetts, and Bethesda, Maryland locations.
Facebook (NASDAQ:FB) shares are back just above $20 on Tuesday, following an upgrade at Capstone to Buy, after reporting such worries as the firm’s valuation, ad monetization, and also growth in developed markets. The shares are currently down more than 50 percent from IPO levels, but the current price of $20.01 might seem a relief to investors, for now.
Some 70 percent of the TD-SCDMA 3 gigabyte phones introduced so far in the second half have Spreadtrum Communication Inc.’s (NASDAQ:SPRD) chips designed into them, says Avian. Last week, Marvell Technology Group, Ltd. (NASDAQ:MRVL) implied on its fiscal second quarter earnings call that it has lost TD-SCDMA baseband chip share, but who gained it is unknown.
Don’t Miss: Analyst: Apple’s iPhone 5 is Going to ROCK!
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.