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So far, Facebook seems to be getting the right balance between privacy and money-making, although the path is fraught with danger.
Deutsche Bank, Credit Suisse and Citigroup are among the banks that will likely be added as underwriters for the Facebook IPO, two sources told Reuters.
Shares of Yelp rocket 60% in their first day of trade. Is this the rebirth of the IPO market?
"It's frustrating, and telling, that now marketers have greater access to my old tweets than I do," says Rebecca Jeschke, spokeswoman for the non-profit Electronic Frontier Foundation. "However, this is perfectly legal, if creepy."
Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company's plans.
The new service will allows users to play on Zynga's website instead of Facebook, but Zynga says it isn't aimed at driving traffic away from Facebook, its biggest partner.
Reuters breaks the news that document service provider LegalZoom is the next in a series of startups that have warmed to public markets.
More than 20 Israeli funds are currently raising capital, says the CEO of the Israel Venture Capital Research Center.
Austin Ventures, Battery Ventures, Eastern Advisors and First Round Capital collectively own 28.7 million shares of Bazaarvoice, which are worth $473.3 million at today's closing price $16.51.
Four of the five companies have collectively raised more than $460 million in venture capital from firms including Greylock Partners, Sequoia Capital and Technology Crossover Ventures.
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