Interview: Zoosk Co-Founder Alex Mehr Talks Facebook

Feb 2, 2012, 9:25 am EDT
Interview: Zoosk Co-Founder Alex Mehr Talks Facebook

In 2000, Alex Mehr came to the United States from Iran to find better opportunities. He wasted little time — besides earning a doctorate in mechanical engineering, he worked at NASA for a couple years.

Then in 2007, Mehr joined Shayan Zadeh to create Zoosk, with a focus on the Facebook platform. Since then, they have raised more than $40 million in venture capital and have attracted more than 50 million registered singles. Last year, the revenue run-rate was $90 million. And the Zoosk Facebook page has over 6 million “Likes,” which is on par with brands like Yahoo! (NASDAQ:YHOO), Disney‘s (NYSE:DIS) ESPN and Nike (NYSE:NKE).

I recently had a chance to talk to Mehr about Zoosk, apps and the Facebook IPO: Read 

Mark Zuckerberg’s Letter in Facebook’s IPO Filing

Feb 1, 2012, 6:38 pm EDT
Mark Zuckerberg’s Letter in Facebook’s IPO Filing

The following is an unedited letter from founder and CEO Mark Zuckerberg, filed with Facebook’s IPO paperwork:

Facebook was not originally created to be a company. It was built to accomplish a social mission — to make the world more open and connected.

We think it’s important that everyone who invests in Facebook understands what this mission means to us, how we make decisions and why we do the things we do. I will try to outline our approach in this letter. Read 

Finally! Facebook Files for $5B IPO

Feb 1, 2012, 5:36 pm EDT
Finally! Facebook Files for $5B IPO

The social IPO of social IPOs is finally here.

In 2011, we saw some blockbuster social IPOs hit the market, including Pandora (NYSE:P), Zynga (NASDAQ:ZNGA), LinkedIn (NYSE:LNKD) and Groupon (NASDAQ:GRPN). But the whole time, investors really wanted to get a piece of Facebook.

On Wednesday after the bell, their wishes came a giant step closer to being granted: Facebook filed for a $5 billion IPO. Said founder and CEO Mark Zuckerberg in the letter accompanying the S-1 filing: “Simply put: we don’t build services to make money; we make money to build better services. And we think this is a good way to build something. These days I think more and more people want to use services from companies that believe in something beyond simply maximizing profits.” Read 

Greenway Medical Surges in Ambulatory Care

Feb 1, 2012, 1:13 pm EDT

In the late 1990s, W. Thomas Green noticed that medical offices used a variety of technology platforms. It was a mess, so why not create a unified system?

With a strong background in technology, Green started Greenway Medical Technologies. All in all, the company has been a big success. And the next step is a public offering. Lead underwriters include J.P. Morgan (NYSE:JPM) and Morgan Stanley (NYSE:MS). The company plans to issue 6.7 million shares at a price range of $11.00 and $13.00. The proposed ticker is “GWAY.”

In the health-care information-technology sector, solutions are usually developed for broad-based segments of the market. So they often fail to address the needs of many customers. Read 

Facebook IPO Filing Is Nigh, But Calm Down

Feb 1, 2012, 8:58 am EDT
Facebook IPO Filing Is Nigh, But Calm Down

If you believe the rumor mill, social media giant Facebook should file for its initial public offering of stock, or IPO, today. Values of the 2012 IPO vary, with IFR reporting Tuesday that the price tag will be $5 billion in new stock, while previous estimates had the benchmark closer to $6 billion last week and as much as $10 billion months ago.

Needless to say, there are a lot of unknowns — how the user experience will change, how profitable Facebook really is and, of course, how Mark Zuckerberg and company will spend the mountains of money they rake in from a stock sale.

But one thing is for sure: This could be the most hyped IPO in recent memory. And that enthusiasm could be bad for investors who try to get a piece of Facebook. Read 

FXall Booms on a $4 Trillion Market

Jan 31, 2012, 11:04 am EDT
FXall Booms on a $4 Trillion Market

Philip Weisberg has spent over 20 years in the foreign exchange (FX) market, having worked at firms such as JP Morgan (NYSE:JPM). But he saw that the process was antiquated. Traders used telephones and faxes to pull off their trades. So in 2000, Weisberg co-founded FXall to create an electronic FX platform.

It was great timing — the company has benefited from the FX boom. In fact, it plans to go public. Lead underwriters include BofA Merrill Lynch (NYSE:BAC) and Goldman Sachs (NYSE:GS). The company plans to issue 5.2 million shares at a range of $13.50 to $15.50 a share. The proposed ticker is “FX.”

With more than 1,000 clients, FXall is the leading independent global provider of electronic FX trading services. Functions include price discovery, trade execution and the automation of pre-trade/post-trade transactions. There are offices in all the major FX cities across the world. Read 

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