Category Archives: Money

Yahoo's $7.1B deal with Alibaba offers ray of hope – The Associated Press – Internet Technology Business

Posted on February 23, 2013 | Leave a comment

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Yahoo’s $ 7.1B deal with Alibaba offers ray of hope

By MICHAEL LIEDTKE, AP Technology Writer – 1 hour ago 

SAN FRANCISCO (AP) — After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China.

Yahoo is selling half of its roughly 40 percent stake in Alibaba Group Holding Ltd., one of the most successful companies in China’s rapidly growing Internet market. The $ 7.1 billion price ensures that Yahoo will get a hefty return from its $ 1 billion investment in Alibaba in 2005.

The deal, coming a week after Yahoo’s CEO abruptly resigned over misstatements in his official biography, will provide more financial firepower for the latest regime trying to turn around the long-struggling Internet company. It came after more than two years of negotiations on how Yahoo will sell the stake.

Alibaba started out in 1999 as a business-to-business website linking factories in China to buyers around the world. It grew into a company that’s larger than Yahoo, with more than 25,000 employees working at a wide range of websites and online services.

Alibaba’s portfolio includes Taobao.com, China’s version of eBay, and TMall, which brand owners can use to sell directly to consumers. Alibaba also runs a search engine for shoppers and an online payment service.

Things have been going so well at Alibaba that it now accounts for a large portion of Yahoo’s earnings.

While Yahoo has profited from the Alibaba investment, Yahoo’s stock price has plunged by more than 55 percent since the company invested in Alibaba.

Yahoo’s revenue has been steadily shrinking as rivals Google Inc. and Facebook Inc. developed more products to grab the attention of Web surfers and attract more online advertising.

Alibaba is buying back its stock from Yahoo to gain more control of its own destiny, something that CEO Jack Ma wanted, especially as Yahoo became mired in its own internal disarray in recent years.

“The transaction will establish a balanced ownership structure that enables Alibaba to take our business to the next level as a public company in the future,” Ma said in announcing the deal with Yahoo late Sunday.

The deal calls for Alibaba to raise the money needed to buy Yahoo’s stake within the next six months. Yahoo will get $ 6.3 billion in cash and $ 800 million in a new class of preferred stock in Alibaba, a privately held company.

Yahoo also will license its brand and some of its technology to Alibaba during the next four years as part of an arrangement that will include an upfront payment of $ 550 million.

After taxes, Yahoo estimates it will receive $ 4.2 billion just from the upcoming sale of half its Alibaba stake. Yahoo had been trying to work out a tax-free deal, but it wound up too complicated to pull off.

In a conference call Monday with analysts, Yahoo Chief Financial Officer Tim Morse hailed the outcome as a “home run” for Yahoo’s shareholders.

Yahoo will sell another quarter of its original investment as part of Alibaba’s initial public offering of stock, expected by the end of 2015. Yahoo will then have the option of selling its remaining holdings on the open stock market.

By staggering the sale of its stake over several years, Yahoo conceivably will make even more money if Alibaba is as successful as it has been in recent years. Alibaba is now worth an estimated $ 35 billion, up from $ 2.5 billion seven years ago.

Both Alibaba and Yahoo said they may collaborate on other joint ventures in the future, despite the increasingly strained relations between the companies that contributed to more than two years of sometimes-prickly negotiations.

Yahoo intends to distribute most of the proceeds from its initial Alibaba sale to Yahoo shareholders, although its recently reshuffled board of directors hasn’t decided yet how the money will be paid out. For now, the company is adding $ 5 billion to its pool of funds for buying back its stock, raising its total commitment to $ 5.5 billion over an unspecified time frame.

The Alibaba windfall provides a measure of comfort to Yahoo’s long-suffering shareholders, many of whom still lamenting the company’s squandered opportunity to sell itself to Microsoft Corp. for $ 47.5 billion, or $ 33 per share, in May 2008.

Yahoo’s stock was at $ 34.14 when Yahoo announced the Alibaba investment in August 2005. It fell to $ 19.18 before Microsoft made its initial bid, in January 2008. Yahoo’s stock is now trading at less than $ 16.

The Alibaba announcement couldn’t have come at a better time for Yahoo. A week ago, newly hired CEO Scott Thompson left after just four months because of fallout from a bogus college degree listed on his official biography. As part of the shake-up, the company appointed a disgruntled shareholder, hedge fund manager Daniel Loeb, along with two of his allies to the board of directors, while accelerating the exit of five other directors.

Morse described the timing of the Alibaba deal as coincidental, but that didn’t stop analysts from theorizing that the company is operating with a new sense of urgency and direction under the new board and interim CEO Ross Levinsohn. His background is more deeply rooted in Internet content and advertising than Thompson’s was.

Citigroup analyst Mark Mahaney called the Alibaba deal as a “meaningful win” for Yahoo, while BGC Financial Partners analyst Colin Gillis is so encouraged by the recent developments that he believes Yahoo’s stock price can hit $ 20 within the next year, up from its previous target of $ 18. Yahoo’s stock hasn’t touched $ 20 since September 2008 when the company was still run by co-founder Jerry Yang. Levinsohn is the fifth person to run Yahoo since then, counting an interim CEO stint by Morse.

Having been burned by the company so many times, investors were less enthusiastic about the Alibaba breakthrough than most analysts. The company’s shares gained just 16 cents, or 1 percent, to close Monday at $ 15.58.

“I am not sure people could have reasonably expected a lot more than what they got out of this deal,” said Standard & Poor’s Capital IQ analyst Scott Kessler. “There are far too many people who are too cynical about the Yahoo story at this point.”

J.P. Morgan analyst Douglas Anmuth believes investors are worried about Alibaba’s ability to raise the money needed to pay Yahoo. He says they are also disappointed by the lack of clarity about when Yahoo will be buying back its stock.

“This feels like the market’s just not willing to give Yahoo much credit until a deal is officially done,” Anmuth wrote in a Monday research note.

Wedge Partners analyst Martin Pyykkonen believes most investors realize the Alibaba windfall won’t solve the problems that have been eroding Yahoo’s revenue, especially because the money will be funneled to shareholders instead of invested in acquisitions or content-licensing deals that might help the business.

“This is really just a short-term fix,” Pyykkonen said of the Alibaba sale.

Yahoo faces its biggest challenge in the online advertising market, where it has been losing market share to Google and Facebook as advertisers shift more of their budgets to the Internet.

Investors also want Yahoo to sell its 35 percent stake in Yahoo Japan so it can reel in even more cash on sharpen its focus on its U.S. business. But Yahoo has said it isn’t close to agreeing on an acceptable price with Softbank, the controlling owner of Yahoo Japan.

The Alibaba deal still represents one of the few times in recent years when Yahoo has outshined Google in an area of business. While Google has been able to dominate Internet search and advertising, some of the company’s high-profile investments outside its specialty have proven to be busts. Google lost most of its money on a $ 1 billion investment made in AOL Inc. in 2006 and a $ 500 million investment in wireless service provider Clearwire Corp. in 2008.

When it trims its Alibaba stake, Yahoo will also be shaving its profits. Yahoo’s earnings from its investments totaled $ 172 million during the first quarter, with most of that flowing from Alibaba.

Gillis expects Yahoo to offset the reduced earnings from Alibaba by buying back about 277 million shares under its expanded repurchase program. With less stock outstanding, Yahoo’s earnings per share should rise by about 9 cents per share next year, even after accounting for the decreased income from Alibaba.

AP Business Writer Kelvin Chan in Hong Kong contributed to this story.

internet money – Google News
Internet Technology Business: Yahoo’s .1B deal with Alibaba offers ray of hope – The Associated Press

What is the difference between commodity money and representative money?
A) Commodity money consists of objects used as money that contains their own value, but representative money is a specific group of the commodity objects
B) Commodity money consists of objects that have value in and of themselves, but representative money makes use of objects because the holder can exchange them for something else of value
C) Representative money allows objects to be exchanged for something else, but commodity money has value because the government decreed it is an acceptable means to pay debts
D) Representative money consists of objects that have value in and of themselves, but commodity money makes use of objects because the holder can exchange them for something else of value

Internet Technology Business: Yahoo: What is the difference between commodity money and representative money?

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How to receive money from Community challenges that I won in test drive unlimited 2? – Yahoo in Internet Technology Business

Posted on February 22, 2013 | 4 Comments

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How to receive money from Community challenges that I won in test drive unlimited 2?
I set up 2 private challenges in the community center in test drive unlimited 2. When the one of them that I won expired I did not get the money. My friend won the other one for $ 700,000 but did not receive the money when the challenge was over. Where did the money go? Is there any way to get the money?

Internet Technology Business: Yahoo: How to receive money from Community challenges that I won in test drive unlimited 2?

How much money can you save using solar pannels for electricity?
I live in Hawaii and the cost of living is very high. I was wondering if I could save a bundle of money installing solar pannels for electricity instead of paying a monthly bill. I know it costs a lot of money to install solar pannels but in the long run inflation will just raise your bills like crazy. I heard in the mainland the cost of living is way cheaper and I am planning to move up there but will installing a solar pannel save me a lot of money if I live in the mainland?

Internet Technology Business: Yahoo: How much money can you save using solar pannels for electricity?

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HomeServe fined £750,000 over silent calls – Internet Technology Business

Posted on February 22, 2013 | Leave a comment

Insurance and repairs firm HomeServe made an estimated 14,756 abandoned calls in a seven-week period, Ofcom says

Home insurance and repairs company HomeServe has been fined £750,000 by the telecoms regulator for making an excessive number of silent and abandoned calls.

Ofcom opened an investigation into the West Midlands-based HomeServe in 2011 as part of its monitoring and enforcement programme aimed at reducing harm caused to consumers by silent or abandoned calls.

Silent calls have become an increasing cause of nuisance and alarm, particularly for older people. They occur when automatic dialler systems used by call centres make more calls than they have people to take them. If there is no one available to take an answered call it is automatically dropped; the consumer will hear nothing before being cut off.

Under Ofcom’s rules the number of abandoned calls companies make to consumers each day is not allowed to exceed 3% of the total live calls made on that day.

Ofcom’s investigation into HomeServe found that the company exceeded this abandoned call rate on 42 separate occasions during the period 1 February-21 March 2011. This resulted in an estimated 14,756 abandoned calls made to consumers.

Ofcom also prohibits companies from making repeat calls to numbers where a call has been picked up by an answering machine. Ofcom found that HomeServe made an estimated 36,218 calls in breach of this rule too.

HomeServe, which offers customers gas boiler and other home emergency insurance cover, admitted it had breached these rules, and has set up a dedicated helpline for consumers seeking compensation if they have been affected by its silent or abandoned calls.

People who believe they have been affected should contact HomeServe before 31 May 2012 on 0800 389 5280 and the claim will be investigated. The company will offer £10 to affected claimants where their telephone number matches its records.

HomeServe, which has more than 3 million customers who pay to cover emergency call-outs from plumbers and other tradespeople, said it no longer worked with the calls company concerned.

Ofcom’s consumer group director, Claudio Pollack, said: “Our rules are there to prevent consumers suffering annoyance, inconvenience or anxiety from silent or abandoned calls.

“We hope today’s fine will send a strong message to all companies that use call centres that they need to ensure they are fully compliant with the rules or face the consequences.”

Pollack said that in reaching its decision, Ofcom took account of a number of factors including the steps taken by HomeServe to bring itself into compliance with the rules on silent and abandoned calls, and its offer to compensate affected consumers as a result of its breach of the rules.

HomeServe’s fine is payable to Ofcom and passed on to the Treasury, and it is required to pay within 30 days of receiving the penalty notification.

In a statement Homeserve said: “HomeServe identified the issue and promptly reported it to Ofcom following an internal audit of all of its telemarketing operations. The problem was identified as having resulted from the incorrect use of answering machine detection (AMD) technology via an outsourcer. HomeServe can confirm it no longer works with outsourcers on its outbound marketing and that AMD is no longer used in any calls made by the company.

“HomeServe can also confirm all of its dialler systems have been fully compliant with Ofcom regulations since 22 March 2011, following the rectification of the errors identified during the audit.”

The fine is the latest bad news for a company that has had more than its fair share of regulatory problems.

In October 2011 it suspended sales teams amid fears of product mis-selling. It also faced compensation claims from thousands of customers it let down in 2010′s cold snap after a whistleblower told the Financial Services Authority it had ignored their complaints.

Miles Brignall

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BA refund suffers delays following flight's snow show – Internet Technology Business

Posted on February 21, 2013 | Leave a comment

A cancelled BA flight – due to crewing problems caused by snow – should have meant a full refund

My son and I were unlucky passengers whose flight was cancelled because of the heavy snow on Sunday 5 February. We were scheduled to fly out to Geneva.

We couldn’t get to the airport because of the weather but kept an eye on BA’s website, which said the flight had been cancelled – but only an hour after the time it was due to depart.

Despite five emails to the customer services team – who confirmed that the flight was cancelled due to the lack of crew available – and five, very long, telephone calls to the BA executive club I have not received a refund for the flight, or compensation under the denied boarding regulations. DP, Essex

BA had no choice but to cancel the flight because, by law, its crew can only fly a certain number of hours. As there was a delay caused by the snow, the crew on your aircraft didn’t have enough time left to complete the journey within their scheduled hours. BA had to cancel the flight because another crew wasn’t available to operate it.

Because it cancelled, you are entitled to a full refund and it should have made this within seven days of the flight being cancelled. BA failed to do this but did eventually refund your money in two instalments. The seating fee was refunded to you in February and then the taxes, fees and charges were refunded in the first week of March. As a gesture of goodwill it has also now refunded an additional £50 service fee that you paid for making a change to the booking a few days before you were due to fly.

You are not entitled to compensation because the disruption was caused by snow. You were wise enough to take out travel insurance and have used this successfully to claim for your hotel cancellations.

We welcome letters but cannot answer individually. Email us at consumer.champions@guardian.co.uk or write to Bachelor & Brignall, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number

Lisa Bachelor

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Homeserve ruling: now cold-caller silence could be golden for victims – Internet Technology Business

Posted on February 20, 2013 | Leave a comment

Homeserve, fined £75,000 by Ofcom, is offering consumers compensation if it is the source of nuisance marketing calls

Householders plagued by unsolicited phone calls have been given welcome news after one of the companies making them received a hefty fine from the regulator and agreed to pay compensation to those affected.

Home insurance and repairs company HomeServe has been fined £750,000 by Ofcom after it was found to have been making an excessive number of silent and abandoned calls. It is offering £10 compensation to those it has targeted.

Silent calls have become an increasing cause of nuisance and alarm, particularly for older people. They occur when automatic dialler systems used by call centres make more calls than they have staff to take them. If no staff member is available to take an answered call it is automatically dropped; the consumer will hear nothing before being cut off.

“Silent and abandoned calls are annoying and can often cause distress to the people who receive them,” said Adam Scorer, director of policy and external affairs at Consumer Focus. “While they are usually caused by glitches in the technology rather than a deliberate act by sales staff, firms that do not control the technology show a lack of respect to consumers.”

Ofcom opened an investigation into the West Midlands-based HomeServe in 2011 as part of its monitoring and enforcement programme aimed at reducing harm caused to consumers by the problem calls.

Under Ofcom’s rules, the number of abandoned calls companies make to consumers each day is not allowed to exceed 3% of the total live calls made on that day.

Ofcom’s investigation into HomeServe found that the company exceeded this abandoned call rate on 42 separate occasions between 1 February and 21 March 2011. This resulted in an estimated 14,756 abandoned calls over and above the 3% limit.

Ofcom also prohibits companies from making repeat calls to numbers where a call has been picked up by an answering machine. Ofcom found that HomeServe made an estimated 36,218 calls in breach of this rule too.

HomeServe, whose three million customers pay to cover emergency call-outs from plumbers and other tradespeople, admitted it had breached these rules.

It has set up a dedicated helpline for consumers seeking compensation. People who believe they have been affected should call 0800 389 5280 before 31 May and their claim will be investigated. The company will offer £10 to affected claimants where their telephone number matches its records for the 1 February-21 March 2011 period. Even those not sure who was behind their silent calls during that period should contact the company to check whether it was the perpetrator.

HomeServe has blamed a calls company it had outsourced some work to. It said it no longer deals with the organisation concerned.

The company said in a statement: “HomeServe can also confirm all of its dialler systems have been fully compliant with Ofcom regulations since 22 March 2011, following the rectification of the errors identified during the audit.”

HomeServe’s fine is payable to Ofcom and passed on to the Treasury. It is required to pay within 30 days of receiving the penalty notification.

The fine is the latest bad news for a company that has had more than its fair share of regulatory problems. In October 2011 it suspended its sales teams amid fears of product mis-selling. It also faced compensation claims from thousands of customers let down in 2010′s cold snap, after a whistleblower told the Financial Services Authority it had ignored their complaints.

But it is not just HomeServe that is guilty of breaching guidelines on silent calls. In 2008 Barclaycard was fined £50,000 for similar practices and last year TalkTalk was reprimanded by Ofcom and threatened with a fine. In TalkTalk’s case, the company blamed persistent silent calls on a South African company and also on a British-based sales agency it had worked with earlier last year.

Silent calls are not the only irritant for UK landline users. Unwanted marketing calls and pre-recorded messages, often advertising no-win no-fee legal services or help with a PPI claim, are also commonplace.

A spokesman for Virgin Media explained: “This is because of a process called war-dialling, where companies used technology to dial thousands of numbers sequentially, making note of when a call is answered either by a person or machine and targeting those numbers again.”

Some people are plagued by calls for a specific person who does not live at their address. This can be because, after a period of time, phone numbers can be recycled. Affected householders should contact their calls provider and ask to be assigned a new number.

Miles Brignall
Lisa Bachelor

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Money! Money! Money! Don't You Think It's About Your Turn – article in Internet Technology Business

Posted on February 20, 2013 | Leave a comment

Article by James Tucker

The Bible relates in I Timothy 6:10 “For the love of money is the root of all evils.”

Not having been blessed with having so called ‘rich people’ in my circle of friends I cannot speak with authority on the above declared love affair with money, which some individuals supposedly have.

I would proffer that even those with just a bit more than the average personal net worth, as well as those who could be classified as ‘rich,’ treat money much as the gentleman who frequents a house of ill repute. He certainly does not love the prostitute but surely loves the pleasures and enjoyment she provides. So it is I conclude with most of the rich. They undoubtedly love the pleasures and luxury afforded by their wealth but surely are not in love with money-per se.

Let us look at some examples of those with indescribable wealth in the world today.

THE WORLDS BILLIONAIRES

The latest Forbes magazine survey and ranking of the worlds richest indicates, and lists, 4 US citizens in the top 10 of the wealthiest 1,140 individuals in the world.

One of those in the number 3 spot is Warren Buffett. Forbes places his wealth at something over 50 Billion. Yes, that is $ 50,000,000. And, guess what. This billionaire has lived for the past 25-30 years, or longer, in the modest neighborhood of urban Omaha, Nebraska in a unostentatious house, the last I read was valued at under $ 300,000. Love of money? Perhaps he loves it so much he doesn’t want to spend it. I doubt it.

And what of the 2nd. ranked in this the world’s most wealthy. It is none other than Bill Gates, at $ 56 Billion. And what of his love of money? He has endowed the world’s, that’s WORLD’S, richest charitable foundation. It has been involved in education and prevention of TB, AIDS, polio, and hunger and famine throughout the world. Not exactly an example of a love affair with money although he still has a fairly large remaining stash. Oh! Almost forgot to mention he also lives in a rather modest dwelling, last I heard, a little over 8,000 sq. ft.

It is quite revelatory to note that of the 29 Americans on this Forbes list of the top 100 of the world’s wealthiest almost all made their own fortunes and quite a few in the Internet industry. And very few in this 100 inherited their wealth with the exception of the Waltons who have 4 of their families in the top 25.

Their inheritance again is a picture, similar to Buffett’s, of an individual who had almost no regard for his own worth or wealth. Old Sam, the founder of Wal-Mart, late in his career, still drove an old pickup, stopped every morning for breakfast and coffee at the same town gathering spot and had no pretend-tions or love affair with his money–many Billions. In fact his daily routine, like Buffett’s, was not much different than some hard working ordinary individual making $ 30,000-$ 40,000 a year.

Another individual on this list of 100 of the world’s wealthiest may surprise one as it is Number 30, none other than Michael Bloomberg, the Mayor of New York City. Although he is only estimated to be worth a little over 18 Billion he has seemingly decided that a life of public service is more im-portant than worrying about his money. I would suggest, however, that he has the wherewithal to assure someone is taking exceptionally good care of it for him.

Totally, Forbes lists 1,234 Billionaires in the world. Of that total 344 of them reside in the United States and it is quite revealing to note the number of Billionaires calling Russia and China their home base.

And, the above is only a brief rundown of the BILLIONAIRES. There also are literally thousands of Millionaires in just the United States alone, not counting the rest of the world.

Now one can only speculate which of all of these super wealthy individuals my be in love with his/her money but I think it would be a fair bet they are all deeply attached to and in love with what money can do and buy as they enjoy it on a daily basis.

To get back to our title’s question. Don’t You Think It’s About Your Turn? The above dissertation could be either very depressing or highly motivational, depending on one’s particular outlook. It is not very likely that many Americans aspire to be Billionaires. A relatively few may desire to become Millionaires which, in the Internet Market, is not such a remote possibility although still a long ways from the norm.

Currently, there is no doubt, the Internet Marketplace is the preferred location, if not the only one available for individuals to fulfill their financial dreams.

YES, IT CAN BE YOUR TURN!

And, how do you do that? Primarily and almost exclusively with WEB SITES. The most effective method, close to the only one of communicating and selling on the Internet-WEB SITES!!

OK. What is entailed in a web site?

First, one must decide on a Domain name. Basically, the title or name of your web site page, commonly called your URL. After deciding that, it is necessary to do a world wide search to assure that your name has not already been taken.

Your next step would be to design and construct your web page. This is a critical step as how it will be ranked among all of the web pages, something over 5 billion, and ill determine how many individuals seek it out and read it.
The critical path to attaining a high ranking is the use of ‘key words,’ not only in the title of your site but also in the body of your material.

Once you feel you have accomplished this you need to have your web page, under your Domain name, submitted to the, literally, hundreds of Search Engines, or SE’s, so it will appear when someone engages or accesses them.

The next most important step, after selection of your ‘key words’ is to develop a marketing plan, or strategy, for your site. This should entail an extensive list of methods including articles, blogs, ezines, Facebook, Twitter, Yahoo and other social media sites.

Finally, it will be necessary to develop another web page. If your original page is a sales page then this web site will be a pre-sell page. Conversely, if your original site was a pre-sell page then this new site would be a sales page.

There is no doubt this whole procedure may seem somewhat daunting, how-ever, there are hundreds of sites which can assist you in these endeavors. Most of them charge a fee for many of the items and the freebies are not very satisfactory.

Whether you are just starting out with your Internet Marketing experience or are already established there is no better place to go for proven, guaranteed results for your efforts than the top rated firm below.

http://buildit.sitesell.com/tuckermoneymaker.html.

THE AUTHOR-James Tucker founded, published and edited the second largest transportation magazine in the country 40 years ago. He has lobbied in 6 state legislatures. He wrote and published “Revelations” a tome of thought provoking maxims. He also wrote and published “God’s Inferno” reissued as “God’s Creation.” He has been involved in Internet Marketing and Advertising for the past 10 years.

http://classifiedclub.com/mall3/TUCKER.html










Internet Technology Business: Money! Money! Money! Don’t You Think It’s About Your Turn

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FACEBOOK IPO LIVE: The social network goes public – BusinessWeek – Internet Technology Business

Posted on February 19, 2013 | Leave a comment

By The Associated Press

It’s Facebook’s big day.

The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talked-about stock market debut in years.

Here’s some of what Associated Press reporters are finding. Check back all day for updates. All times EDT.

——

8:54 a.m.

THE RIPPLE EFFECT: CALIFORNIA CASH

Besides minting Internet billionaires, the Facebook IPO should provide a little help for the cash-starved state of California.

The state’s nonpartisan Legislative Analyst’s Office says the IPO will generate $ 1.6 billion to $ 2.6 billion for the state through the middle of next year as shareholders cash in their stock.

California badly needs the money: Gov. Jerry Brown said over the weekend that the projected state deficit has swelled to $ 15.7 billion for the coming fiscal year. In January, it was projected at $ 9.2 billion.

——

8:48 a.m.

POP AND DROP

Several of last year’s must-have IPO stocks aren’t exactly must-haves anymore.

Pandora, an Internet radio company, went public June 15 at $ 20 a share. You could have bought the stock during the day for $ 26. It’s now trading under $ 11.

Groupon, the online daily deal company, priced its stock at $ 20 a share on Nov. 4. It traded above $ 31 the first day and is now under $ 13.

And LinkedIn, a social network for professionals, more than doubled from its $ 45 offer price within minutes of hitting the market last May 19. It reached $ 122.70 on the first day before closing at $ 94.25. It’s back to about $ 105.

– Dave Carpenter, Personal Finance Writer

——

8:41 a.m.

THE KID BILLIONAIRE

CEO Mark Zuckerberg is selling about 30 million shares of Facebook as part of the initial public offering. At $ 38 each, he pockets $ 1.15 billion. He will remain Facebook’s largest shareholder, will more than 32 percent of Facebook’s total shares. At the $ 38 share price, his stake in the company is worth $ 19.1 billion.

Zuckerberg will control the company with 56 percent of its voting stock as a result of agreements he has with other shareholders who promise to vote his way.

Here’s his bio:

AGE: 28. Born May 14, 1984.

RESIDENCE: Palo Alto, Calif. Grew up in Dobbs Ferry, N.Y.

EDUCATION: Philips Exeter Academy, class of 2002. Studied computer science at Harvard University before dropping out.

PROFESSIONAL CAREER: Co-founded Facebook in his Harvard dorm room in 2004. Has served as CEO since.

FAMILY: Mother, Karen; father, Edward; sisters Arielle, Donna and Randi Zuckerberg.

——

8:30 a.m.

NEXT STOP: 1 BILLION

Have a look at how explosively Facebook has grown. According to the company, this is when the site passed milestones for its number of active users, defined as someone who logs on at least once a month:

1 million — End of 2004.

5.5 million — End of 2005.

12 million — End of 2006.

20 million — April 2007.

50 million — October 2007.

100 million — August 2008.

150 million — January 2009.

175 million — February 2009.

200 million — April 2009.

250 million — July 2009.

300 million — September 2009.

350 million — End of 2009.

400 million — February 2010.

500 million — July 2010.

608 million — End of 2010.

750 million — July 2011.

800 million — September 2011.

845 million — End of 2011.

901 million — March 2012.

——

HEDGE FUND VIEW: HE’S IN

Andrew Schneider, a hedge fund adviser and CEO of San Francisco-based Schneider Family Office, was busy selling shares of Apple and LinkedIn on Thursday to free up cash for buying Facebook.

He planned to spend at least $ 20 million, or 8 percent of his firm’s liquid assets.

“You’ve got 900 million users, and you’ve got real solid revenue, and the company is earning money,” Schneider says.

He’s not concerned about plowing such a large proportion into one company: “We feel very strongly and very comfortably about this.” Nor is he rattled by General Motors’ announcement that it would stop buying display ads on Facebook. He calls that “a very, very small amount.”

Schneider points out that there were naysayers when Google went public in 2004, priced at $ 85 a share. It closed Thursday at $ 630.

“A lot of people went on the short side of Google when it opened,” says Schneider, who is also CEO of Global Hedge Fund Advisors. “And boy, were they wrong.”

–Christina Rexrode, AP Business Writer

——

HEDGE FUND VIEW: STEERING CLEAR

Whitney Tilson says his hedge fund, T2 Partners, avoids newly public companies as a rule because companies tend to go public only when things are going well.

T2 Partners prefers to look for battered stocks that it can scoop up cheaply. It bought more stock in JCPenney this week. Tilson admits, though, that avoiding initial public offerings doesn’t always work. Google, he says, “turned out to be a great deal.”

Tilson said he expects Facebook’s stock will rise over the long term. Facebook, he says, “does look and smell a lot like Google.”

– Christina Rexrode, AP Business Writer

——

INSTEAD OF A RED CARPET, RED INK

Facebook isn’t getting much of a welcome to the neighborhood.

Thursday was one of the worst days of the year for stocks. The Dow Jones industrial average dropped 156 points and has fallen 11 of the past 12 days, mostly because investors are nervous about turmoil in debt-burdened Greece.

The Nasdaq composite, representing the stock exchange where Facebook will trade, fell 2 percent on Thursday. The composite was up almost 20 percent for the year at the end of March, but that gain has withered to 8 percent.

– Erin McClam, Financial Markets Editor

facebook money – Google News
Internet Technology Business: FACEBOOK IPO LIVE: The social network goes public – BusinessWeek

mOnEy!!!!!?
What is a quick way to start earning money like u see all those stupid buy these properties and sell them to make tons which u can’t actually believe it. Please no answers like leomenade stand, and babysitting i already babysit.

Internet Technology Business: Yahoo: mOnEy!!!!!?

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How do you calculate the simple money multiplier and the money supply? – Yahoo in Internet Technology Business

Posted on February 15, 2013 | 3 Comments

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How do you calculate the simple money multiplier and the money supply?
Here is the facts to help with this
reserve ratio =5% deposits =$ 10,000 What do I do to get the simple money multiplier of this problem and then the money supply of this problem? If you know how answer soon I need this to be able to send in my on-line homework tonight. Thanks
I thought you would do this 5% would be a 20 multiplier 10,000 divided by 20=500 reserve would be 500 which leaves 9,500 to be lent out so money supply grows to 19,500. Aren’t I right?
Then potential money supply =money multiplier (20) times Initial deposit (10,000) That equals 200,000.
Come on math teacher ,students, economic teacher and students , Business majors tell me am I right

Internet Technology Business: Yahoo: How do you calculate the simple money multiplier and the money supply?

How do I recieve money after selling on Ebay through paypal?
It appears as if the selling is quite simple to figure out, but it is not clear how I, as the seller, will recieve the money after the buyer pays with paypal. Do I get a check in the mail? How do I get the money from my sale?

Internet Technology Business: Yahoo: How do I recieve money after selling on Ebay through paypal?

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How to save money the best and innovative method you know? – Yahoo in Internet Technology Business

Posted on February 14, 2013 | 14 Comments

money


How to save money the best and innovative method you know?
I need to know your opinion and any tricks and trips for the best and innovative method how to save money in these days! Coupons, spend less, etc what is your best How To Save Money?

Internet Technology Business: Yahoo: How to save money the best and innovative method you know?

What is a money collection that people put together to buy drinks at a bar called?
Lots of people all put the same amount of money in each and then someone goes to the bar to get the drinks with the combined money. What is that called?

Internet Technology Business: Yahoo: What is a money collection that people put together to buy drinks at a bar called?

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