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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 

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  • Guy de Bord

    Poster:
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Robin and Jeremy

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

April 15 7 Comments

4 Lamb Recipes, Plus Lamb Cooking Tips

With the weather getting warmer, Here & Now resident chef Kathy Gunst is thinking lamb. She shares recipes for Middle Eastern-style lamb meatballs and more.

April 15 14 Comments

The Problem With U.S. Tax Policies

Tax expert David Cay Johnston says it's easy to fool the IRS, but there's one catch: "you have to be rich." He says outdated tax policies are hurting the economy.

April 14 4 Comments

Lessons For News Media After Marathon Bombings

We take a look at what the news media got wrong and what can be learned for future breaking news coverage.

April 14 7 Comments

Marathon Bombing Survivor Loses Limbs But Finds New Life

A year after Jeff Bauman lost both legs in the bombing, he and his fiancée are expecting their first child.