The most anticipated initial public offering in years has also turned
out to be the most disastrous. Trouble began almost immediately for
Facebook on May 18, when its first day of trading was delayed by half an
hour due to technical glitches on the Nasdaq exchange. Problems
continued throughout the day as the system was overloaded with requests.
Some investors weren’t even sure if their orders had been executed. It
later emerged that analysts at Facebook’s underwriters revised their
growth targets to reflect weaker advertising revenue, but didn’t
properly disclose the revisions to clients before the IPO. Dozens of
lawsuits against Facebook, its underwriters and the Nasdaq ensued. It
probably wasn’t the debut Facebook founder and CEO Mark Zuckerberg
wanted.
But what’s worse than the immediate IPO fallout is Facebook’s current
share price. As of the end of November, Facebook was trading at
$27—since the IPO it has lost 28% of its value. The company isn’t alone.
A general gloom descended over other social-media companies this year.
Daily-deal pioneer Groupon and social-gaming firm Zynga, which both
achieved big valuations based on little more than high expectations, are
tanking. The problems facing each company are unique—Groupon is
suffering from high marketing costs, while the popularity of Zynga’s
games is waning—but it became painfully apparent this year that
social-media hype isn’t selling like it once did.
Monday, December 17, 2012
Tuesday, October 16, 2012
Thursday, October 11, 2012
iphone 6!!!!
iphone 6 pictures leaked!!! this is true not a joke. here are the pictures. I talked to the ceo of apple and he sent me this picture of a prototype.
Wednesday, October 3, 2012
History of Canada
Canada was found when Christopher Columbus found the America's in 1442. It was obviously around before then but that's when it started off. As of July 2011, there are 34,000,000 people ion Canada. Today Canada is America's number one trade partner. One thing that had a big impact on Canada today is WWI. Because this showed that Canada was no small player in the world. Canada is pretty powerful today economically. As I said before they are the United states' biggest trading partner. And they are very well known for transporting fresh food. Their GDP per capita as of 2012 is almost $26,000 USD; and their unemployment rate is about 7.2 as of summer 2012. One Canadian dollar equals 1.0133 U.S. dollars, so we're pretty equal. AS of November 2011, Canada's CPI was about -0.58 %. 99% of Canada can read and write. they have good education much like America's. Canada is a a parliamentary democracy, a federation, and a constitutional monarchy. Canada has been affected by everything that has happened in the past. And one small change could make them a totally different country today, we can't know for sure. Canada affects the U.S. a great amount, we trade with them a lot more than people think.
Monday, October 1, 2012
Niagra state legislatures looking poor
Niagra State legislatures looking lame.
Sometime after November's election, New York lawmakers are expected to convene in a lame-duck session that could include more major actions than the next two years of regular sessions combined, including a push to raise their own salaries.
But you won't hear the couple hundred incumbents talk about it while they campaign.
That's because in the New York Legislature, the biggest votes are rarely won or lost on merits. Instead, horse trading leads to deals.
In addition, candidates have cover from talking about the issues because legislative leaders say the session isn't on the calendar. So the word among incumbents on the campaign trail is, "What special session?"
Such a session has become almost routine in New York, and one is likely to convene sometime in November or December. Among issues that legislative leaders and Gov. Andrew Cuomo say are priorities are pay raises for legislators and top commissioners in Cuomo's administration. They could be swapped for an increase in the minimum wage to $8.50 an hour from $7.25, which is a top concern of Assembly Speaker Sheldon Silver.
The minimum wage "needs to be a real issue in the state Senate elections," said Stuart Appelbaum of the Retail Wholesale and Department Store Union. He said voters need to ask candidates: "What are you going to do for the overwhelming number of people who need it to make ends meet?"
Other legislation could include a curbing of New York City's stop-and-frisk policing and approval of a deal in which about 300,000 New York City residents will get property tax rebates for their condominiums, each sought by Cuomo.
On the minimum wage and pay raises, the Siena College poll shows a political trade-off: Three-quarters of New Yorkers oppose a pay raise for lawmakers while three-quarters support a higher minimum wage.
Pay raises for New York lawmakers are most often done in a lame-duck session in an election year because legislators can't directly raise their own salaries, but they can raise salaries before the next legislature officially takes office.
Senate and Assembly leaders have made clear a pay raise is a priority, although few outside Assembly Speaker Sheldon Silver have dared to make the argument publicly. One, who is retiring this year and so faced no political fallout, did.
The deal hinges on some critical elements, including whether Republicans stay in charge of the Senate. Another unknown is whether the Legislature would risk voter wrath to approve a pay raise despite a new burst of scandals, including a secret $103,000 settlement to end sexual harassment against an assemblyman and an indictment against a senator.
Cuomo also seeks campaign finance reform, perhaps the most glaring unchecked item from his 2010 campaign priorities.
The state's ethics board is also due for tweaking, as Cuomo puts it. It has drawn criticism for its penchant for privacy, some press leaks, and for a perceived lack of independence from Cuomo that prompted one member to resign.
Sometime after November's election, New York lawmakers are expected to convene in a lame-duck session that could include more major actions than the next two years of regular sessions combined, including a push to raise their own salaries.
But you won't hear the couple hundred incumbents talk about it while they campaign.
That's because in the New York Legislature, the biggest votes are rarely won or lost on merits. Instead, horse trading leads to deals.
In addition, candidates have cover from talking about the issues because legislative leaders say the session isn't on the calendar. So the word among incumbents on the campaign trail is, "What special session?"
Such a session has become almost routine in New York, and one is likely to convene sometime in November or December. Among issues that legislative leaders and Gov. Andrew Cuomo say are priorities are pay raises for legislators and top commissioners in Cuomo's administration. They could be swapped for an increase in the minimum wage to $8.50 an hour from $7.25, which is a top concern of Assembly Speaker Sheldon Silver.
The minimum wage "needs to be a real issue in the state Senate elections," said Stuart Appelbaum of the Retail Wholesale and Department Store Union. He said voters need to ask candidates: "What are you going to do for the overwhelming number of people who need it to make ends meet?"
Other legislation could include a curbing of New York City's stop-and-frisk policing and approval of a deal in which about 300,000 New York City residents will get property tax rebates for their condominiums, each sought by Cuomo.
On the minimum wage and pay raises, the Siena College poll shows a political trade-off: Three-quarters of New Yorkers oppose a pay raise for lawmakers while three-quarters support a higher minimum wage.
Pay raises for New York lawmakers are most often done in a lame-duck session in an election year because legislators can't directly raise their own salaries, but they can raise salaries before the next legislature officially takes office.
Senate and Assembly leaders have made clear a pay raise is a priority, although few outside Assembly Speaker Sheldon Silver have dared to make the argument publicly. One, who is retiring this year and so faced no political fallout, did.
The deal hinges on some critical elements, including whether Republicans stay in charge of the Senate. Another unknown is whether the Legislature would risk voter wrath to approve a pay raise despite a new burst of scandals, including a secret $103,000 settlement to end sexual harassment against an assemblyman and an indictment against a senator.
Cuomo also seeks campaign finance reform, perhaps the most glaring unchecked item from his 2010 campaign priorities.
The state's ethics board is also due for tweaking, as Cuomo puts it. It has drawn criticism for its penchant for privacy, some press leaks, and for a perceived lack of independence from Cuomo that prompted one member to resign.
Tuesday, September 11, 2012
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