Taking Money From Bono Is A Bad Omen For Your Business
With the other Elevation Partners, singer Bono invested in Palm, an analyst dartboard; Yelp, a class-action magnet; and Forbes and Move.com, both financially bulldozed. He might be our “worst...
View ArticleBusted: A Hacker Bank Mafia
Law enforcement in the US and Britain say they’ve nailed 80+ people for stealing millions of dollars from bank accounts, using computer viruses. The group even had its own “money mules”. In Britain, 19...
View ArticleAshton And Demi Are The Horsemen Of The Tech Apocalypse
How do we know Silicon Valley is inflating an unsustainable tech investment bubble? Because Hollywood dope Ashton Kutcher and his technologically enhanced mate Demi Moore have somehow become mascots...
View ArticleEarly Facebook Investors Want Out
The Facebook investment bubble is apparently too inflated for some investors. Owners of close to $US1 billion in Facebook stock are slashing their asking price as they push toward the exits, sources...
View ArticleFacebook Is Supposedly Worth $US100 Billion
Facebook will be worth $US100 billion by the time it goes public, sources told the Wall Street Journal, after earning more than $US2 billion this year before interest, taxes, depreciation and...
View ArticleThe FarmVille IPO
Zynga, the Facebook games company and creator of FarmVille, is reportedly about to file for an initial public offering of stock. There is no better investment for cynics looking to bet on the...
View ArticleThe Facebook Pump And Dump
Someone is aggressively hyping Facebook to the financial community. Investors are being told the social network’s value will double in 12 months – and quadruple over 18 months – to $US100 billion. It...
View ArticleFacebook Employees Want Their Money Now
Life is different near the centre of the tech bubble. Facebook employees, due to earn staggering fortunes, are nevertheless sad. They’ll have to wait six months for the money, you see. It would be...
View ArticleTwitter Is Magically Worth $US7b, Somehow
An ongoing fundraising round values Twitter at nearly twice what it was worth in December, despite the company having failed to create a discernible business model in the interim, and despite admitting...
View ArticleMargin Call: The Guys Who Ruined Everything
Here’s a trailer for the financial thriller (such a thing exists in these economic crater times) Margin Call, a fictionalised look at the real story of the hours before the financial world near...
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