Here and Now with Robin Young and Jeremy Hobson
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.


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

Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

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

October 12 2 Comments

Inside SAS, One Of The ‘Best Companies To Work For’

The data analytics company isn't a household name, but it has inspired great Silicon Valley workplaces like Google.

October 12 64 Comments

Open Carry Gun Law Moves Ahead In Florida

Florida is one of just five states that explicitly bans open carry. We speak with a state lawmaker who's trying to change that.

October 9 9 Comments

Electricity Treatment Offers Hope To Brain Cancer Patients

For the first time in more than a decade, there's a new treatment for patients with a common and deadly form of brain cancer.

October 9 4 Comments

New York Prison Inmates Trounce Harvard Debate Team

It sounds like a storyline out of Hollywood, but it happened on a prison stage in front of national college debate judges.