An Aggregative News Source
Is it time to buy Facebook FB +0.46% ? A year after its turbulent public debut, shares in the social-networking giant are still 31% below their offering price. Yet, with virtually no earnings over the past 12 months, Facebook's price/earnings ratio is in the stratosphere—more than 2,000-to-1, in fact—compared with just 19-to-1 for the Standard & Poor's 500-stock index. Many of Facebook's defenders try to wriggle out from this damning comparison by arguing that the … [Read more...]
Younger users may be leaving for apps such as Instagram or WhatsApp but data shows Facebook is still very strong The memory of Facebook's painful stock market debut a year ago today is at last beginning to fade. Not for investors who bought at the opening price of $38 – their shares are still trading 70% below that – but by other measures the world's largest social network has made seemingly unstoppable progress. In October, founder Mark Zuckerberg announced in a status update on … [Read more...]
The byproducts of happy clientele are obvious. Sales rise. Stores fill. Facebook "likes" stream in. These promoters recommend the companies they like to their friends. The cost of detractors—a company’s "haters"—is less clear to many business leaders. For one thing, they may still do business with you — even though they don't like it and they make sure their friends and your employees know they don’t. By the time their irritation is evident in traditional metrics—declining sales, … [Read more...]
NEW YORK -- Carmelo Anthony and the New York Knicks broke out just enough to stay in it. Anthony scored 28 points and the Knicks avoided elimination in the Eastern Conference semifinals with an 85-75 victory over the Indiana Pacers in Game 5 on Thursday night. Reserves J.R. Smith and Chris Copeland each had 13 points for the Knicks, who trail 3-2 and will need a victory Saturday in Indiana to force a seventh game back here Monday. They are trying to become the ninth NBA team to … [Read more...]
LONDON -- David Beckham is retiring from soccer, ending a career in which he transcended the sport with forays into fashion and a marriage to a pop star that made him a global celebrity. The 38-year-old former England captain, who recently won a league title in a fourth country with Paris Saint-Germain, said Thursday he will quit after the season. "It's a good way to go out," Beckham said in Paris. "It's every athlete's dream, every footballer's dream to go out on the top -- on top … [Read more...]
Amid a blizzard of announcements at its I/O conference, Google unveiled a major change to its core search product in singularly low-key fashion. Amit Singhal, a senior Google executive in charge of its search efforts, said that Google search, starting today, wouldn't just answer the question implied in the words we type into that ubiquitous search box. Google, Singhal said, would display results that "anticipate the next question." Singhal gave the example of a search for "the … [Read more...]
While it only takes a second to make another person feel valued, the memory can last forever. In the summer when I was in college I would sometimes go to the open gym at James Madison University to play basketball. One night I was idly shooting jumpers on an open basket when I heard someone whistle. I turned. “Hey, we need one more," he said. "Run with us.” My heart sank. The guy asking was Linton Townes. He went on to play in the NBA and Europe. Standing behind him were Charles … [Read more...]
DALLAS -- NBA owners have spoken: They, too, want the Kings playing in Sacramento. Owners from the league's 30 teams met here Wednesday for nearly four hours and voted to reject the Kings' proposed move to Seattle, backing last month's recommendation from a relocation committee to keep the team in Sacramento. Sources say the vote in favor of keeping the team in Sacramento was 22-8. NBA commissioner David Stern said afterward that the Maloofs' proposed sale of the team to a Seattle … [Read more...]
Summary: A new report suggests internal worries following Facebook's tumultuous IPO last year were just a little out of control. Facebook became a public company nearly a year ago, and the firestorm surrounding the letdown that it became didn't really end for months. A new report from the online jobs and careers community Glassdoor examines how Facebook employees feel about their work environment, both before and after the beleaguered initial public offering event. Based on … [Read more...]
(Reuters) - Yahoo Inc plans to ramp up advertising and marketing efforts as it seeks to break its reliance on an "aging demographic" and become more relevant among young adults, the company's finance chief said on Tuesday. The struggling Web portal's brand will be more visible on outdoor billboards and at sporting events, among other places, as it seeks to woo 18-to-34-year-olds and get the word out about new products, CFO Ken Goldman said at the J.P. Morgan Global Technology, Media and … [Read more...]
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