90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Friday, May 18, 2012

Facebook Euphoria Comes Amid Bank Scandals, Europe Fears On Wall Street

Facebook founder, Chairman and CEO Mark Zuckerberg, center, applauds at the opening bell of the Nasdaq stock market, Friday, from Facebook headquarters in Menlo Park, Calif. (AP/Nasdaq via Facebook, Zef Nikolla)

The social networking site completed its eight-year journey from a Harvard dorm room to Wall Street this morning, as founder Mark Zuckerberg rang the opening bell for the NASDAQ stock exchange via satellite from Facebook offices in Menlo Park California.

The public offering is expected to make Zuckerberg richer than the founders of Google, but analysts remain sharply divided over the future of the company. And Friday’s offering comes as the market has been falling sharply, amid fears over the health of U.S. banks after multi-billion dollar losses at JP Morgan Chase, and fears over the stability of the European monetary union.

Still, among those likely to benefit from today’s Facebook sale: The rocker Bono, who’s investment is expected to yield him over a billion dollars in profit, and the state of California, which stands to collect as much as two and a half billion dollars in taxes.

Guest:

  • Paul Sloan, executive editor for the technology news site CNET 

Please follow our community rules when engaging in comment discussion on this site.
  • Guy de Bord

    Poster:
           Happiness is being able to quit working whenever you feel like it.

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

July 22 2 Comments

Remains Of Clovis Boy Reburied In Montana

DNA from the boy buried 12,600 years ago shows his people were ancestors of many of today's native peoples.

July 22 Comment

After Malaysia Airlines Crash, A Closer Look At Planning Flight Paths

Retired pilot John Ransom discusses how to factor in war zones, and how the decision is made to close an airspace.

July 21 Comment

Boxing Attracts More Than Would-Be Fighters

At the Ring Boxing Club, boxers range in age, are both men and women, and include an award-winning author.

July 21 Comment

Why Hot Cars Are So Deadly

An average of 38 kids die in a hot car every year in the U.S. We look at the science of why cars get so hot so fast, and why children are more vulnerable.