Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The realty business is starting to take big strides in the US and one of main contenders to make big bucks by entering the corporate world is Empire State Realty Trust, which owns the largest building in New York, the Empire State Building. However, there are certain constraints by which they have to live. First […]
Many of these trusts hold international properties and stakes scattered across the United States. Together, Empire State Realty manages 7.7 million square feet of space, including 5.8 million in Manhattan. 79.9% of its New York space is currently leased. The trust also has the option to acquire two more Manhattan properties, adding another 1.4 million […]
In 2006, the Malkins assumed day to day control of the Empire State Building and embarked on a $500 million renovation, which will continue past the public offering. The trust expects the Empire State Building makeover to “substantially” finish by 2016, after a further investment of $55 to $65 million funded by cash flow and […]
In the 24 hours or so since Facebook filed its long-awaited S-1 and started on the way to a second-quarter public offering, some of the focus has been on the near-certainty that the bulk of the social network’s shares being sold will be snatched up by big institutions and high net-worth individuals. There are some […]
As Facebook furthers its move to becoming Facebook, Inc., there are certain things that the world’s largest online social network will have to take into the fold. In addition to around 800 Million users attached to the network one way or the other, investors have entered the equation. Mark Zuckerberg, co-founder and CEO of the […]
“Hacking is also an inherently hands-on and active discipline. Instead of debating for days whether a new idea is possible or what the best way to build something is, hackers would rather just prototype something and see what works. There’s a hacker mantra that you’ll hear a lot around Facebook offices: “Code wins arguments.” “Hacker […]
The largest online social network in the world has now taken a big stride to get into the corporate world. After being surrounded by rumours for almost a year since the first word got out of Facebook’s headquarters, Mark Zuckerberg and company filed for their initial public offering at the Securities and Exchange Commission on […]
Facebook co-founder Dustin Moskovitz, whose work on the company was depicted in the 2010 film “The Social Network” owns 133.8 million shares, or 7.6 percent. Moskovitz was Zuckerberg’s roommate at Harvard University. Eduardo Saverin, another co-founder and Harvard classmate who sued Zuckerberg over ownership of the company, isn’t mentioned in yesterday’s filing. Neither are Tyler […]
Facebook unveiled Open Graph at F8 2011last fall, which is now available for developers interested in building apparently any lifestyle application they wish. Facebook is strongly supporting its Timeline project with two major product announcements. First, Facebook has signed over 60 new partners that are integrating with the social network to help the users to […]
This might be another step further in making the company a profitable enterprise prior to going public. The media and application development partnerships might evade the opprobrium the social network had been attracting of late. Many experts have been of the opinion that Facebook has no permanent and satisfactory tools to increase the profits from […]
Once rumoured to initiate the filing process in December, Facebook—the social network—is nowhere near the process to go public. The anticipated Initial Public Offering from the company is expected at the end of the second half of calendar year 2012. However, if Facebook needs to go public by the end of May or somewhere in […]
It took Groupon five months from filing to IPO, she notes, but in that case there were thorny accounting questions that the SEC required the company to work out. Zynga’s path took about the same, while LinkedIn made it to market in a brisk three and a half months after filing its S-1. Facebook’s financial […]
