
Facebook’s Mark Zuckerberg Has Social Media Accounts Hacked — Tech Roundup
Over the weekend, Facebook (FB) - Get Report CEO Mark Zuckerberg had his Twitter (TWTR) - Get Report and Pinterest accounts hacked.
So who's got the gall to pull that one off? I know I sure wouldn't dare pry into the Zuck's account, given his almighty social media clout. But that didn't stop OurMine, the Saudia Arabian hack group that claimed responsibility for the move.
Good luck, fellas.
Apparently, the group used information from the LinkedIn (LNKD) data breach to crack the code on Zuck's other social media accounts. (Makes me glad I changed my password now!)
Perhaps the most surprising part of all was Zuckerberg's password. Go ahead, think about it. Remember, he's 32, went to Harvard and started a $338 billion company. Ready?
"dadada"
Shares of Facebook closed at $118.79 Monday, up 0.3%.
Facebook and Twitter are both holdings of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells FB or TWTR? Learn more now.
The tech market has been a real bump-on-a-log when it comes to the IPO market this year. But that's set to change, at least temporarily. Japan-based Line is set to become the biggest tech IPO thus far through 2016.
The company is likely to go public in July, debuting in both Tokyo and New York. Line, a popular messaging app, will try to raise between $1 billion and $2 billion at a valuation of $5 billion to $6 billion. If Line raises that much, it will smash the year's largest capital raise by a tech company by a mile, with no company raising more than $150 million so far this year - this is despite several being valued at more than $1 billion.
Line is already profitable and is hoping to raise money in the States ahead of its expansion efforts in the relatively new territory.
While the company commanded a higher valuation in 2014, it's slowing user growth and a less enthusiastic investor base has brought the valuation down this year.
Last week, SoftBank (SFTBF) announced that it will sell $10 billion worth of its stake in Alibaba (BABA) - Get Report , more than previously planned, given strong demand. Originally, the minimum planned sale was $7.9 billion worth of stock, with Alibaba agreeing to buy $2 billion worth.
But the exodus of selling isn't finished, with SoftBank now looking to unload shares of gaming firm GungHo.
SoftBank is looking to generate roughly $685 million from the sale, selling most of its stake the company.There has also been discussions of the company selling another gaming company it has a stake in, that being Supercell. So what's going on? Why all the selling?
As for an explanation, the company says it's part of the SoftBank transformation.
SoftBank could be changing directions, or it could be simply looking to cut down some of its debt, which stood near $107 million last quarter. An estimate one-third of that debt is from Sprint (S) - Get Report , according to TechCrunch.
Shares of SoftBank closed at $57.41, up 3.1%.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.









