Archive for May 17th, 2012
May
17
2012
 
Raccoon Sex Tape Is Sad Barometer of Good TastePosted by: wiredtechbiz in Wired Tech BizShaun Pendergast was working away at his Portland apartment when he heard a strange noise. He walked to the window and saw two raccoons expressing their love for each other on his roof.
The HTC One X is one of the best smartphones on the market, and the best Android phone you can buy right now, period.
May
17
2012
“It’s Getting Worse”: Why JPMorgan Is Struggling to ‘Move On’ from Its Bad TradePosted by: yahootechticker in Yahoo Tech TickerWhen JPMorgan announced a big trading loss last week, chairman and CEO Jamie Dimon said (among other things): “We’ll admit it, we’ll learn from it, we’ll fix it and we’ll move on.” But JPMorgan can’t move on because fixing the problem is proving extremely difficult — and the losses are mounting, now reportedly approaching $3 [...]
May
17
2012
Facebook’s ‘Social Mission’ Is Good For Shareholders: David KirkpatrickPosted by: yahootechticker in Yahoo Tech TickerFollow The Daily Ticker on Facebook! Facebook’s big day has almost arrived. Pricing of the social media company’s initial public offering will be announced this evening, with shares slated to begin trading on the Nasdaq Friday morning. Facebook’s IPO could value the company as high as $104 billion — making it the third-largest IPO in [...]
May
17
2012
Foreclosures Hit 5-Year Low: Is There Light At the End of the Tunnel for Housing?Posted by: yahootechticker in Yahoo Tech TickerFollow The Daily Ticker on Facebook! A handful of housing data this week supports the case that the U.S. housing market may be heading for a recovery. Housing starts rose more than expected in April, up 2.6% to 717,000 due primarily to a rise in single and multi-family starts, People falling behind on their mortgages [...]
May
17
2012
Iran Will Get Nukes and “We’re Not Going to Do Anything”: Ian BremmerPosted by: yahootechticker in Yahoo Tech TickerFollow The Daily Ticker on Facebook! Oil prices have tumbled in recent weeks as concerns over Iran’s nuclear ambitions have taken a backseat to worries about Europe’s debt crisis and the slowing global economy. But talks between Iran and U.N. negotiators continue and, despite reports of progress, the outcome is far from certain. In the [...] Facebook is picking up a lot of criticism as it heads into its IPO. In particular there are questions over its continued growth and the effectiveness of its advertising formats, largely on the back of General Motors saying its Facebook ads haven’t been paying off. And to top that an increasing number of insiders are deciding to vote with their feet and cash in on the IPO. I think all this criticism is a function of the valuation rather than a reflection of the quality of the company. As you may have seen Facebook just raised its IPO price and will be worth over $100bn if it goes out at the top of the range. Meanwhile the FT is warning that retail demand risks inflating the IPO. I think that if I the valuation was considered to be low everyone would instead be focused on what a great business Zuckerberg and his team have built over the last eight years. Venturebeat gave us a reminder what they have achieved this morning when they wrote that Facebook is breaking three records with its IPO:
Most companies would be happy reaching a value of $2.2bn, let alone raising that much money. I say hats off to Facebook. Okay, I’m not a huge fan of Facebook games. I never played Farmville or Mafia Wars, and since I spend less and less time on Facebook every passing month, I’m not usually on the lookout for games there. However, one of my favorite iOS games has made the jump to Facebook: Jetpack Joyride.
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