Samsung confirms Gear 2 and Gear Fit prices

Samsung today introduced its new Gear 2 and Gear Fit in Taiwan, and, during the announcement, the company revealed official prices for the two wearable devices.

The Gear 2 will cost $295 (8,999 TWD) in Taiwan, while the Gear Fit will be cheaper: $197 (5,990 TWD). These prices are in line with the unofficial prices reported earlier this month: $300 /

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Apple Slapped With $667K Fine For Trying To Influence Taiwanese iPhone Prices

Chances are that if you’re reading this, you didn’t recently buy an iPhone in Taiwan. As it happens, that may be for the best — according to a Wall Street Journal report published earlier today, Apple has been fined NT$20,000,000 by Taiwan’s Fair Trade Commission for attempting to influence iPhone sale prices. That may sound like a lot, but the reality is considerably less dramatic — that figure only works out to about $667,000. The price tag for further noncompliance raises the stakes a bit more though, as Apple would have to shell out an additional NT$50 million (

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Facebook Officially Joins The S&P 500, Prices Follow-On Offering At $55.05 Per Share

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Facebook said this afternoon that it has priced its previously-announced secondary offering of 70 million shares of Class A stock at $55.05 per share. At this price, some $3.85 billion in stock will be offered in the sale. The offering is expected to close on December 26th.

Facebook also said that Standard & Poor’s has officially added Facebook’s stock to the venerated ranks of the S&P 500 Index, as of market close today.

Here’s the breakdown of where the 70 million shares are coming from: “A total of 27,004,761 shares are being offered by Facebook, and a total of 42,995,239 shares are being offered by certain selling stockholders, including 41,350,000 shares offered by Mark Zuckerberg.” Facebook says that the money it makes in the sale will be utilized for “working capital and other general corporate purposes.”

It’s important to note that Zuckerberg’s participation in this stock sale does not mean that he’s cashing out of the company he helped found. This week Zuckerberg exercised a stock option to purchase 60 million shares of Class B stock, and Facebook says that the bulk of proceeds from his Class A sale will be used to “satisfy taxes that he incurred” with the Class B purchase. CEO problems, I guess.

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