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Tagged: Business

Our best freaking stuff right now:

June 12, 2012
17:27 • 11 months ago

  • $10 Price per share during Zynga’s December IPO, giving the company a total value of $9 billion
  • $4.78 Price per share of Zynga today, leading Nasdaq to halt all short sales of the company’s stock source

»The halt comes less than a month after Nasdaq officials had to stop all trading of Zynga stock, when investors began dumping their share thanks to new fear generated by the Facebook IPO slide. To make matters worse, Zynga saw an 8.2 percent reduction in active users last month. So, do you think the company will be able to bounce back?

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June 8, 2012
14:39 • 11 months ago
The surplus wealth I have has no utility to me. It has all kinds of utility to the rest of the world if used properly.
Warren Buffett: My Extra Money Would Be More Useful To Others (via huffingtonpost)

Buffett should use his money to buy the regional newspaper industry from the fools running it into the ground.
June 7, 2012
17:35 • 11 months ago

  • $7.25 the current minimum wage was set by Congress in 2007 with the passage of a bill raising the minimum by $2.10
  • $10.00 the proposed new minimum in Rep. Jackson’s ‘Catching up to 1968 Act’, which he introduced Wednesday; think it’ll pass? source

June 6, 2012
18:26 • 11 months ago

  • morning Taiwanese smartphone producers HTC were forced to lower Q2 profit forecasts by 13.3 percent on Wednesday morning. The reason? Lowered demand in Europe, and customs issues in the United States related to time-consuming Apple patent lawsuits.
  • afternoon Now rumors are circulating that a lack of faith in HTC’s ability to sell devices, as well as the company’s limited  track record when it comes to tablet development and sales, led to Microsoft’s decision to exclude HTC from the Windows 8 launch. Sorry guys. source

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June 5, 2012
16:10 • 11 months ago

  • 100,000,000 Doritos tacos ordered in 10 weeks source

» That’s a lot of tacos. Now, the company plans to start testing out shells made from other Doritos flavors, and has confirmed that a Cool Ranch-flavored shell is in the works. Considering that the previous record-holder — the Crunchwrap Supreme — was made a permanent part of the menu in 2006, it seems likely that the Doritos Locos will be around for a while. So, have you tried one yet?

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10:47 • 11 months ago
reuters:

Four out of five Facebook Inc users have never bought a product or service as a result of advertising or comments on the social network site, a Reuters/Ipsos poll shows, the latest sign that much more needs to be done to turn its 900 million customer base into advertising dollars.
The online poll also found that 34 percent of Facebook users surveyed were spending less time on the website than six months ago, whereas only 20 percent were spending more.
The findings underscore investors’ worries about Facebook’s money-making abilities that have pushed the stock down 29 percent since its initial public offering last month, reducing its market value by $30 billion to roughly $74 billion.
READ MORE: Facebook comments, ads don’t sway most users: poll

Should Facebook consider a non-advertising model? Perhaps one that gives Facebook Pages extra features and exposure for a monthly fee? A lot of companies would pay for that.

reuters:

Four out of five Facebook Inc users have never bought a product or service as a result of advertising or comments on the social network site, a Reuters/Ipsos poll shows, the latest sign that much more needs to be done to turn its 900 million customer base into advertising dollars.

The online poll also found that 34 percent of Facebook users surveyed were spending less time on the website than six months ago, whereas only 20 percent were spending more.

The findings underscore investors’ worries about Facebook’s money-making abilities that have pushed the stock down 29 percent since its initial public offering last month, reducing its market value by $30 billion to roughly $74 billion.

READ MORE: Facebook comments, ads don’t sway most users: poll

Should Facebook consider a non-advertising model? Perhaps one that gives Facebook Pages extra features and exposure for a monthly fee? A lot of companies would pay for that.

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June 4, 2012
17:21 • 11 months ago
May 30, 2012
12:26 • 12 months ago

  • 2,500 jobs cut to offset recent financial setbacks source

» The layoffs follow a recent settlement between Olympus and former-CEO Michael Woodford, who sued the company for unfair-dismissal following his firing in October 2011. Woodford is responsible for unearthing massive investor losses by the company, $1.5 billion to be exact, and is expected to receive just over $15 million after settling the matter out of court. According to local media, Olympus plans to cut most of the 2,500 jobs from its camera-making division.

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May 24, 2012
18:37 • 1 year ago

  • bought Last month, Facebook CEO Mark Zuckerberg shocked the world by announcing the company’s billion dollar acquisition of social-photo app Instagram. And, while the deal is under investigation by the FTC, few expect any issues.
  • producedFacebook Camera debuted in the iPhone App Store, with several features similar to Instagram.  The company confirmed that Instagram employees did not work on the app; they expect the Instagram deal to close this year.  source

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16:32 • 1 year ago

  • 9,000 employees will be laid off before Halloween, according to an official statement released on Wednesday
  • 18,000 additional employees will be laid off by 2014, mostly from the Enterprise Services unit source

» So what about the remaining employees? No one is quite certain what plans CEO Meg Whitman has for the future of the company, though expectations are high considering her time as eBay’s chief executive. CareerBliss, a company with the stated goal of “helping you find happiness in the workplace”, says that employees have been less happy since Whitman became the company’s chief executive. Following reports of the layoffs, CareerBliss CEO and co-founder Heidi Golledge told Business Insider that honesty just might be the best policy. “This is a time for her and her team to be totally transparent,” said Golledge, adding, “HP employees need to be confident that the company has a future – and, just as importantly, that they have a future with it.”

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Recent posts and stuff we dig:
May 23, 2012
13:27 • 1 year ago
Boston startup looking to bring Netflix model to art world
Looking to fill your home with fine art without breaking the bank? While many have had success finding home decor with services like Paddle8 or Artsy, Boston-based start-up TurningArt hopes to revolutionize the art industry. The new company plans to use a $10 subscription model, not unlike Netflix, to allow customers to rent pieces of art. Customers may choose from a range of artists, and receive their chosen work(s) framed and ready to hang. Displaying pieces for long periods of time will net you credits, which can then be redeemed for discounts on future purchases, and users have the freedom to change the images displayed in their homes as often as they’d like. So, would you pay $10 for the ability to change the feel of your home as you please? (Photo via TurningArt) source
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Looking to fill your home with fine art without breaking the bank? While many have had success finding home decor with services like Paddle8 or Artsy, Boston-based start-up TurningArt hopes to revolutionize the art industry. The new company plans to use a $10 subscription model, not unlike Netflix, to allow customers to rent pieces of art. Customers may choose from a range of artists, and receive their chosen work(s) framed and ready to hang. Displaying pieces for long periods of time will net you credits, which can then be redeemed for discounts on future purchases, and users have the freedom to change the images displayed in their homes as often as they’d like. So, would you pay $10 for the ability to change the feel of your home as you please? (Photo via TurningArt) source

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May 22, 2012
19:56 • 1 year ago
This again shows the inherent conflicts of investment banking,” added Mercer Bullard, founder and president of Fund Democracy. “If they selectively disclosed to some clients and not to others, they are clearly favoring those clients over the rest.
Facebook IPO shows galactic divide between investors (via joshsternberg)

So in other words, it’s another example of the financial industry playing favorites as far as who knows what, and small investors suffer most.
09:13 • 1 year ago
May 21, 2012
21:42 • 1 year ago

  • $11 billion approximate drop in Facebook’s valuation after the company suffered an 11 percent drop on the stock market Monday
  • $16 billion in tax breaks will be claimed by the company, thanks to the “stock option tax loophole” created by offering stock options to employees source

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