Facebook beat Wall Street analyst’s expectations, who estimated revenue at $1.53 billion. Shares were also reported at 17 cents, while the Street was expecting 15 cents. The company also announced net income of $64 million.
Kickstarter has updated its Terms of Service to make the steps that project creators who raised sufficient funds on its platform and then failed to deliver their backers’ rewards (or whatever was being funded) must take clearer. [Source: CNET]
Want to know who’s cashing-in on Alibaba’s IPO? Well, Yahoo has sold off almost $9 billion worth of its stock in Alibaba, founder Jack Ma has sold off $867 million, and its largest shareholder, SoftBank, has sold off $0, according to a report from Bloomberg Businessweek.