All Posts Tagged Tag: ‘Investments’

RIM’s $10 Stock: Lowest Price in Nearly a Decade

With the release of the new BlackBerry 10 looming in the distance, Research in Motion (RIM) is struggling to keep its head above water. Shares of the company are presently trading at about $9.70, which is almost the lowest price in a decade. RIM’s market cap is at $5.09 billion or about fifteen times less than it was valued at …

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Facebook Stock Hammered Below $27

More bad news for Facebook investors; shares fell as low as $26.57 this morning. While the stock is currently trading at over $27, there’s nothing to indicate it will make back up to its targeted $38 per share price anytime soon. Of course, this isn’t news to anyone who has been following the Facebook IPO, It has been one bad …

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Facebook Stock Plummets Below $27.25

Yes, it is finally here, Facebook stock has fallen below the $28 per share price many investors have been waiting for. Still, more pessimists are saying they’ll wait for it to fall to $10, but I suspect those days won’t arrive. Currently shares of Facebook are trading at $27.20, but they are rapidly falling as I write this. You might …

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Facebook Shuts-Down Kayak’s Plans to Go Public

Just weeks ago, right before Facebook’s much anticipated initial public offering, Kayak announced that they were ready to go public in a deal that would raise as much as $150 million. The plan was to let the mighty momentum from the Facebook IPO carry their offering into success. Today, the Connecticut-based online-travel service announced plans to postpone their roadshow and …

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Olympus to Slash Workforce and Sell Equity Stake

After the discovery of a huge financial scandal back in October, Olympus Corporation is planning on laying off almost 7% of their total workforce in the months to come. Aside from slashing over 2500 jobs, the troubled corporation is also looking into selling a near ten percent share of their company to either Sony or Panasonic. A majority of the …

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iHigh Secures $12 Million Investment From Cox Media

Lexington, Kentucky-based youth sports and entertainment broadcaster, iHigh has just secured $12 million in funding from Cox Media Group, a company broadly invested in television, radio, and newspaper. The investment will help iHigh expand into new markets and grow their technological capabilities. In return, Cox Media will be allowed to appoint two new members to iHigh’s nine person board of …

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RIM’s Business is in Trouble at BlackBerry 10 Launch

Research in Motion says their business is in trouble and they expect to incur big losses throughout the rest of 2012. This news comes just as they are about to release BlackBerry 10. On June 2nd, RIM will be revealing their Q1 financial results and they want stockholder’s to be ready for the bad news, but they also want to …

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Eduardo Saverin Talks Facebook With Veja

We’ve been covering Facebook co-founder Eduardo Saverin, and his plan to renounce his United States citizenship all throughout May. First, he was accused of trying to skirt taxes by renouncing his citizenship, but his representatives tried to explain that wasn’t the case. Next, Senator Charles Schumer of New York claimed Saverin was running a scheme and took legal action to …

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Facebook Stock Dips Below $30 Today

I’m sure the experts are happy to see Facebook shares dip to the $30 range today. In fact, shares hit an all time low of $29.57 earlier this afternoon, signifying that demand isn’t anywhere near what Facebook and its underwriters were hoping for at the time of the IPO’s launch. If you recall, Facebook had a very modest showing on …

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Facebook IPO Pushes Investors off the Stock Market

Sometimes something is just a bad investment, and as time goes on, the shares you purchased in the company just lose more and more value. At other times, as with the Facebook IPO, it is clear that you were swindled. When a big bank like Morgan Stanley suppresses a valuable forecast which they know would certainly stall trading if introduced …

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AOL Informs Starboard their Nominees are Useless

Things haven’t been stellar for AOL lately, but they are performing better than many expected. Months ago, Starboard, one of AOL’s major shareholder, voiced their concerns over AOL’s performance and what could be done to unlock shareholder value. More recently, at the end of February, Starboard issued a formal letter to the AOL board of directors asking that they be …

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Fidelity has Confirmed their Client’s Facebook Trades

If you haven’t heard about Facebook’s disastrous IPO debut, I welcome you out of your cave and am happy to give you an update. Essentially, the Nasdaq stock market delayed the 11AM start by as much as thirty minutes while they worked out a computer glitch that left big bank trading desks blind as to who bought what, and at …

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