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Meet the New Facebook Millionaires
Facebook, in one of the world's most widely anticipated initial public offerings of stock, has announced that it will add 84 million shares, worth up to $3.2 billion, to the IPO, which is expected to raise as much as $16 billion for the company, valued at roughly $100 billion.
Global mobile phone sales now in decline
 Despite some vendors seeing record smartphone sales, worldwide sales of mobile phones declined 2% year-over-year to 419.1 million units in the first quarter of 2012, according to research firm Gartner. The decline represents the first of its kind since the second quarter of 2009. “Global sales of mobile devices declined more than expected due to a slowdown in demand from the Asia/Pacific region,” said Anshul Gupta, principal research analyst at Gartner. “The first quarter, traditionally the strongest quarter for Asia – which is driven by Chinese New Year, saw a lack of new product launches from leading manufacturers, and users delayed upgrades in the hope of better smartphone deals arriving later in the year.” In the smartphone market, Android accounted for more
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