MarketWatch.com's David Weidner make a stop on Mean Street to tell Evan Newmark despite all the hype surrounding Facebook's IPO, the company will have very tough go of it on its way to becoming a public company. Photo: AP.
SmartMoney.com's Jack Hough is on Mean Street with strategies for investors looking to jump into the Facebook IPO. Photo: Getty Images.
When a 92-year-old Pete Seeger showed up at Occupy Wall Street to sing his protest classic This Little Light of Mine the effect was more calming than assaultive. As police were rampantly attacking non-combative protesters at the baseline of first-amendment rights, Seeger offered a campfire tranquilizer rather than the actual fire the movement needed. This universal peace mentality that Seeger continues serving on a silver platter is exactly what the anti-movement wants the opposition to accept.
Glencore and Xstrata are reportedly close to reaching an agreement to combine with one another in a move that would expand Glencore's massive global commodities holdings to include new mines in Africa and Asia. The Switzerland-based companies are expected to announce a deal to combine the Xstrata Plc mines and other assets with Glencore International Plc's large base of commodities, sources with knowledge of the plan told Bloomberg on Wednesday.
There were some surprises, too, such as the fact that advertising accounted for about 85 percent of the revenue and that Facebook relies on one big customer, social games maker Zynga Inc. of San Francisco, for about 12 percent of its income. [...] Facebook noted that one of its biggest risks is one of its initiatives, a push to develop the Facebook platform for smart phones and tablets, because it hasn't figured out how to profit from advertising on mobile devices. Other figures in the filing that... Читать дальше...
1. Giant Halfway City 2
Among the surprises in Facebook's S-1 Filing were 2011 revenues, which at $3.7 billion, came shy of what analysts expected. Still, Facebook is on track to be valued between $75 and $100 billion. Geoff Fowler talks through the details with Stacey Delo.
Asian Markets are set to open higher after U.S. stocks advanced, snapping a four-day decline in the Standard & Poor's 500 Index, amid signs that manufacturing across the world is strengthening. The S&P500 rose 1324.09 points, or 0.89%, to close at 1324.09 sectors closing in the green. The Dow Jones Industrial Average finished 83.55 points higher, or 0.66%, at 12716.50, while the Nasdaq gained 34.43 points or 1.22%.