Author Archive for: ‘Shawn Hess’

Mark Cuban Admits He Was Wrong About Facebook

Mark Cuban, who has been a steadfast supporter of Facebook throughout the IPO process, and an investor who purchased 150,000 shares of the company, is coming forward today to say he was wrong about the company. He has decided to sell off his huge collection of Facebook shares and is now saying it just isn’t a good investment. Ouch! That …

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Barnes & Noble Introduces NOOK Kids Summer Reading Program

Today, Barnes & Noble announced their new NOOK Kids Summer Reading Program. If you purchase any NOOK tablet at a Barnes & Noble store between June 18th and September 2nd, you’ll receive free downloads of three different bestselling children and teen book collections designed to keep your kids busy reading all summer long. Each collection will be offered for a …

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Facebook App Economy [Infographic]

Yes, Facebook may be a great place to socialize and reconnect with old friends, but they’ve also sent over 160 million users to mobile apps in the month of February alone. In May, those numbers began to increase as they launched their App Center to drive installs of mobile apps. Seven out of ten of the top grossing iOS apps …

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Nasdaq Glitch Blamed for Facebook’s Abysmal IPO Performance

As we reported on Friday, Nasdaq is getting the blame for Facebook’s botched IPO launch and the subsequent poor trading performance in the days that followed. The remarks come from a court filing by Facebook and Morgan Stanley who seek to combine more than 40 state and federal lawsuits brought against Facebook and their lead underwriters stemming from the events …

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Sailthru Acquires Seamless Receipts

Today, Sailthru announced the acquisition of Seamless Receipts, an electronic receipts specialist. Seamless Receipts brings with them extensive experience providing marketing messages, coupons and other loyalty offers from large clients like Oakley, Burton and Tumi. Their product and service offers align perfectly with Sailthru’s vision and mission to deliver actionable, relevant and timely messages to customers on a personalized, one-to-one …

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ICANN to Announce New President and CEO

The Internet Corporation for Assigned Names and Numbers (ICANN) just revealed that they will be announcing a new president and chief executive officer. The news comes as no surprise since, Rod Beckstrom, their current president and CEO, recently announced he will not be standing for reelection at the end of his contract expiring on July 1st. The introduction of their …

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Yahoo Fills Chief Revenue Officer Position with Ex-Google Executive

Yahoo is getting ready for some much needed changes and they have just hired ex-Google executive, Michael Barrett to be their executive vice president and chief revenue officer. He will report directly interim CEO Ross Levinsohn. Yahoo’s Interim chief executive officer, Ross Levinsohn comments on adding Barrett to this team: “Michael Barrett is regarded as one of the most successful …

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Groupon Gets an Upgrade by Morgan Stanley Analyst from Equal Weight to Overweight

Groupon shares are on the rise this morning as after Morgan Stanley analyst, Scott Devitt, raised the company’s status from Equal Weight to Overweight. Despite closing just above $10 per share on Friday, early morning trading reached as high as $11.07, and Groupon is currently trading for $10.75 per share. Scott Devitt, analyst for Morgan Stanley comments on Groupon’s performance: …

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Why Facebook Isn’t a Bad Investment for Everyone

Back on the 12th of June, Harvard Business Review (HBR) published an article explaining how so many investors were enticed by Facebook’s public offering and why it wasn’t a good idea, according to their principals of investment, to jump on the investment. The first point they raise involves small investors, and the mentality they took when evaluating the investment. According …

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“The Dark Knight Rises” and Chrysler Join Forces

Warner Bros. Pictures and Chrysler Automobiles are joining up to offer a new contest revolving around the July 20th release of the much anticipated third installment to the Dark Knight trilogy. They’re calling the contest, “Imported form Gotham City”. To be considered, contestants must create a co-branded (Dark Knight & Chrysler) original television spot and submit it to the contest …

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Russian Dashboard Cams Capture Some Serious Carnage on the Highways

This next video features a series of mishaps captured by automobile dashboard cameras, which are apparently very common in Russia as a means of legal protection. It actually sounds like a very good idea. I can think of a number of incidents where a dashboard camera would have come in handy. Regardless, the montage of events shows a number of …

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