Category archives for: Business

Pinterest funding could value startup at $1.5 billion

(Reuters) – Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion. Rakuten said it was joined in the capital-raising by existing shareholders Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital and […]

Afghanistan wishes to import furnace oil from Pakistan

Afghanistan wishes to import furnace oil from Pakistan Wednesday, May 16, 2012: Afghanistan has formally requested Pakistan to permit the import of furnace oil to the country, as they want to meet the requirement of its power plants. An official associated with issue said, “The government charges General Sales Tax (GST) on use of furnace […]

Advertisement: The ace in Facebook’s sleeve gets out after IPO – Part 1

There are as many different opinions on Facebook’s initial public offering as there are people in the US stock market. However, the crowd can be segregated into two main parties, conservatives who think that the IPO will be an utter failure and those who think it is better to invest in the social network than […]

Advertisement: The ace in Facebook’s sleeve gets out after IPO – Part 2

Given that advertisement on Facebook is not akin to traditional promotion on television or paper, but the hits marketers get through the social network are big numbers. But that brings us to the next point in discussion. Marketing on Facebook is a new concept to the masses and companies are experimenting on this concept. If […]

Advertisement: The ace in Facebook’s sleeve gets out after IPO – Part 3

One caveat in the way of successful advertisement to the brands and companies is the lack of information provided by Facebook. Due to the tightened rules and regulations from Federal Trade Commission, the social network is bound to restrict marketer’s access to users’ information and cookies that tell a lot about trends. After last year’s […]

Facebook expected to raise the stock by 85 Million more shares to its IPO

In recent developments Facebook is expected to raise the stakes in its initial public offering expected this Friday by 85 million more stock. This increase will bring the total number of stock to a total of 422 million from 337 million. The reason for this sudden decision in the increment in stock is still unknown […]

Samsung loses $10 billion market value on Apple order report

(Reuters) – Shares in Samsung Electronics Co slumped more than 6 percent on Wednesday, wiping $10 billion off the electronics giant’s market value, on a report that Apple placed huge chip orders with troubled Japanese chip rival Elpida. Taiwan’s DigiTimes, an online trade news site, reported that Apple recently placed large mobile dynamic random access […]

India to reduce oil purchases from Iran by 11 percent

India to reduce oil purchases from Iran by 11 percent Tuesday, May 15, 2012: India has scummed under the rising pressure from United States of America and has decided to cut the purchases of oil from Iran by 11 percent. US want Iran to dispose-off its nuclear programme, but the Islamic republic is continuing with […]

Facebook IPO touted the most successful offering after Google in 2004 – Part 1

Facebook’s upcoming Initial Public Offering (IPO) is tipped to be the most awaited and speculated offering not just in this year but since Google went public in August, 2004. This is not because both belong to the same online/internet industry but because Facebook might make a huge business against all odds. At first, Google was […]

Facebook IPO touted the most successful offering after Google in 2004 – Part 2

Orkut was in the market before Mark Zuckerberg even hatched the idea of Facebook. But even in the presence of a social network, which was a big hit in Asia, the most populated continent in the world, Facebook surpassed its number of users in a matter of few years. Google’s network by the name of […]

The Pyramid scam in Cuba

Baldomera created a "financial kiosk" very similar to what today is known as a pyramid scam. Daughter of Mariano José de Larra but never knew his father because he had already committed suicide. She was married to a physician of the royal family, when Alfonso XII was restored to the throne of Spain in 1875 […]

Facebook hikes IPO range to raise $12.1 billion

  (Reuters) – Facebook Inc has increased the price range in Silicon Valley’s biggest-ever initial public offering to raise more than $12 billion, giving the No.1 social network a valuation potentially exceeding $100 billion.   The company founded in a Harvard dorm room by Mark Zuckerberg raised the price target range to between $34 and […]

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