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GSV Capital

5/24/2013, 11:13 AM ET

Quote & Headlines Market Currents StockTalk

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Monday, April 29, 1:27 PM Twitter is "not even thinking about" an IPO right now, says co-founder Jack Dorsey. The remarks, likely disappointing some bankers and die-hard fans, come 3 months after BlackRock bought $80M worth of Twitter shares at a $9B valuation, and a month after eMarketer predicted Twitter's ad sales will hit $950M in 2014. GSV Capital (GSVC) still owns a small stake in the microblogging service. Comment! [Tech]
Tuesday, March 12, 4:48 PM GSV Capital (GSVC): Q4 investment income of $0.00. (PR) Comment! [Earnings, Breaking News, Financials]
Friday, August 17, 2012, 11:52 AM Facebook (FB -2.9%) sells off yet again - shares are down 9% since the company saw its first lockup expire yesterday, and 49% from IPO levels. The potential impact of the decline on employee morale and retention hasn't been lost on Mark Zuckerberg, who reportedly acknowledged the issue at a company meeting this month. According to SecondMarket's data, anyone who has bought Facebook since Nov. 2010 is now underwater. 8 Comments [Tech, On the Move]
Tuesday, May 29, 2012, 10:56 AM In spite of today's rally, Facebook (FB -5.6%) is falling to new post-IPO lows in early trading, and is once more taking related names down with it. ZNGA -3.9%. SVVC -1.6%. GSVC -2.3%. Investor unease with Facebook's reported plans to become a smartphone vendor could be playing a role, but the company's still-high valuation is a more likely culprit. 13 Comments [Tech, On the Move]
Wednesday, May 23, 2012, 7:14 PM Clobbered over the last week due to Facebook's (FB) less-than-stellar IPO, GSV Capital (GSVC +4.9%) is now trying to downplay its Facebook exposure. Facebook only makes up 4% of GSV's overall holdings, says CEO Michael Moe, and 2013 IPO candidate Twitter is actually the company's largest position. Meanwhile, fellow Facebook owner SVVC has seen its price fall below its net asset value. 1 Comment [Tech, Financials]
Monday, May 21, 2012, 9:54 AM Facebook (FB -13.2%) tumbles in early trading to $33.20; even after the selloff, the company trades at nearly 23x sales and 75x trailing EPS. Not helping is BTIG's decision to launch coverage at Neutral; in-line with earlier comments, the firm is worried about Facebook's valuation, decelerating growth, and ad monetization issues. Also lower: RENN -8.3%. ZNGA -7.1%. YELP -6.8%. LNKD -6.1%. GRPN -4.8%. SVVC -7.4%. GSVC -10%. 16 Comments [Tech, On the Move]
Friday, May 18, 2012, 11:47 AM Facebook's (FB +3%) weaker-than-expected debut is leading to a massive selloff in Facebook-related plays, and (to a lesser extent) Internet stocks in general. ZNGA -13.3%. RENN -9.4%. GSVC -12.4%. SVVC -18.6%. P -6%. GRPN -4.9%. YELP -4.4%. QPSA -5.1%. Facebook is now changing hands at $39.12. 14 Comments [Tech, On the Move]
Friday, May 18, 2012, 11:18 AM Indications that Facebook (FB) will open in the low-to-mid $40s, below the expectations of some, have contributed to a selloff in the NASDAQ, which is now trading near breakeven. Facebook-related plays are also moving lower. GSVC -3.8%. SVVC -9.3%. ZNGA -2.4%. RENN -7.4%. Trading has been delayed, but is expected to begin in minutes. 3 Comments [Tech, On the Move]
Friday, May 18, 2012, 10:31 AM GSV Capital (GSVC -1.2%) and the Firsthand Technology Value Fund (SVVC -3.1%), each of which have invested in Facebook ahead of its IPO, are trading lower ahead of Facebook's 11 A.M. ET open. GSVC is now down 11% on the week. Is this a sign investors are fretting about Facebook's post-IPO performance, or just that speculators are choosing to play it safe and cash out? Comment! [Tech, On the Move]
Tuesday, May 15, 2012, 9:47 AM GSV Capital (GSVC +6.5%) and the Firsthand Technology Value Fund (SVVC +3.9%), each of which have taken out sizable Facebook (FB) positions, are adding to yesterday's gains after the social networking giant raised its IPO price range to $34-$38. Zynga (ZNGA +5.9%), which derives most of its revenue from Facebook, is also rallying. Also higher: QPSA +5.4%. RENN +8.8%. Comment! [Tech, On the Move]
Friday, May 11, 2012, 9:42 AM Shares of Firsthand Technology Value Fund (SVVC -2.3%) fall lower on concerns big institutional orders for Facebook won't be piling in. Fellow Facebook play GSV Capital (GSVC -10.4%) could see some of the same jitters on top of a secondary offering of 6M shares priced at $16.25 a pop by the company. Comment! [Tech, On the Move]
Friday, May 11, 2012, 9:17 AM Shares of GSV Capital (GSVC) fall 11.4% in premarket trading after word breaks that demand for Facebook's IPO is weak from institutional investors. SA author Brad Ginesin cuts to the chase on GSVC, saying don't buy the stock on the Facebook hype. 2 Comments [On the Move, Tech]
Thursday, May 3, 2012, 3:50 PM Facebook (FB) officially sets its IPO price range at $28-$35 in a new S-1. The company plans to sell 337.4M shares (180M in new shares, 157.4M from insiders) for a total offering size of $9.45B-$11.8B, higher than many expected. Mark Zuckerberg will sell 30.2M shares. The over-allotment option is 50.6M shares. Facebook's expected valuation range is $77B-$96B after factoring in restricted shares and options. IPO plays are following the tech sector lower: GSVC -3%. SVVC -3.1%. 3 Comments [Tech, On the Move]
Wednesday, May 2, 2012, 1:48 PM Two favorites of Facebook (FB) IPO speculators, the Firsthand Technology Value Fund (SVVC +5.1%) and GSV Capital (GSVC +7.5%), are rallying after its was reported that Facebook would launch its road show on Monday and plans to begin trading on May 18. In addition, Firsthand has announced it has made a $1.8M investment in Twitter. 2 Comments [Tech, Financials, On the Move]
Wednesday, April 18, 2012, 9:54 PM Facebook (FB) has set an IPO date of May 17, sources tell TechCrunch, contingent on the SEC signing off on the company's paperwork in time. It's added Facebook will have an IPO valuation of $100B (reflecting recent trading on secondary markets), and (as expected) is looking to raise less than $10B. (S-1) 11 Comments [Tech]
Friday, March 30, 2012, 6:56 PM Facebook (FB) shares change hands at $44.10 in their final SharesPost auction, as the company shuts down private-exchange trading ahead of its IPO. The closing price translates into a valuation of $104B, or perhaps $110B+ after factoring IPO dilution. Separately, SharesPost rival SecondMarket is laying off 10% of its staff, as it copes with both Facebook's offering and a broader pickup in tech IPO activity. 9 Comments [Tech, Financials]