TechTaffy

tech:

taffy

Facebook IPO Set For May 18

By TechTaffy Desk

[By Sudarshana Banerjee]

The much awaited, discussed, debated and most eagerly anticipated IPO of the season has now moved from the distant horizon to just a few days away. According to a Wall Street Journal report by Shayndi Raice and Anupreeta Das, the social network’s roadshow is to start on Monday, and the IPO is set for May 18th. There is no official confirmation of the news as of now, and the WSJ report cites the usual ‘people familiar to the matter’  attribution.

Whether or not you can start buying Facebook shares in a couple of weeks from now depends on when Facebook’s S-1 filing is given the official heads up by the SEC. Facebook had filed the IPO papers in February this year.

You may also want to read:

Just in

Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities. 
Industry

Silicon Labs appoints Radhika Chennakeshavula as CIO

Silicon Labs has appointed Radhika Chennakeshavula as chief information officer.