Source: The Atlantic
Facebook’s IPO—like that of LinkedIn and Zynga—represents a massive transfer of wealth from Wall Street to the Valley. In my book, the money’s better off here than there. Yes, there’s a good chance that all this wealth will inflate a bubble in tech, lead ...
Full article at: The Atlantic
More like this 1 day ago, 3:58pm CDT
Source: Winnipeg Free Press
OTTAWA - The turmoil of Facebook's IPO underscores the risks of buying into initial public offerings for investors, but for those willing to take the leap, there may be money to be made. Chris Kuflik, a wealth adviser at Scotia Mcleod, says there are ...
Full article at: Winnipeg Free Press
More like this 1 day ago, 1:42pm CDT
Source: AdWeek
What goes up, must come down. Spinnin' wheel, got to go 'round." Maybe we should've listened a little closer when the Internet's first icon, the Pets.com Sock Puppet, began singing his favorite '70s tunes to ...
Full article at: AdWeek
More like this 2 days ago, 7:27am CDT
Source: The Politico
Former Rep. Harold Ford on Wednesday defended Morgan Stanley’s handling of the Facebook IPO, predicting that the stock price will recover despite the social network company’s disappointing first few days of trading. “I stand b ...
Full article at: The Politico
More like this 2 days ago, 6:18am CDT
Source: Silicon Alley Insider
This is so typical of the current discussion on the "tech bubble" that we had to memorialize it. "Everything's crashing, so it's clearly a bubble!" When there was a tech bubble, companies with no profits went public and their s ...
Full article at: Silicon Alley Insider
More like this 2 days ago, 4:48am CDT
Source: Business Spectator
After its successful float on Friday, social media giant Facebook’s stock is now 18 per cent down on the IPO price and there are claims some investors were aware of revised analyst expectations shortly before shares went on sale. Facebook’s share price ...
Full article at: Business Spectator
More like this 3 days ago, 7:57pm CDT
Source: Slate
Mark Zuckerberg of Facebook, which had its IPO last week Silicon Valley has a Facebook hangover. Five days after the company’s giant IPO, the social network’s stock is slumping, and there are rumblings that it will sink further still. But it’s not just ...
Full article at: Slate
More like this 3 days ago, 5:33pm CDT
Source: CNET
Here's one instance where Willie Sutton's dictum gets it wrong. Following the money leads you to ask the wrong questions. History in the making, May 18, 2012 (Credit: CNET) From darling to dud in just three days? Even on Internet ti ...
Full article at: CNET
More like this 3 days ago, 4:53pm CDT
Source: Silicon Alley Insider
Facebook stock is down nearly 26 percent since its IPO and is off 8.55 percent today. "I'm not sure it shouldn't be shorted. I think that's the end of social media. It reminds me very much of the late 90s with the dot com boom. You ...
Full article at: Silicon Alley Insider
More like this 3 days ago, 4:05pm CDT