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GSV Capital Punished for Expanding Facebook Investment
Venture capital firm GSV Capital (NASDAQ: GSVC) will sell an additional 3 million shares of common stock in order to raise funds that it will use to buy interests in Facebook, Twitter, and Kno Inc.. The company will also use the funds to invest in Dropbox, StormWind, DreamBox, Grockit, ZocDoc, and other young internet-based companies.
Welcome to the big leagues, Groupon. Shareholders punished the stock in after-hours trading Wednesday after the daily deals site posted a surprise loss for its first quarter as a public company.
Groupon reported a net fourth-quarter loss of $42.7 million, or 8 cents a share, on sales of $506.5 million.