Mark Mahaney, RBC Capital Markets, says Facebook's very large and growing user base, and new revenue opportunities are two of several reasons he is putting the social network at the top of his recommendations list.» Read More
Ever since News Corp snapped up MySpace, media companies are on the lookout for other hot social networking sites. And now Yahoo is hoping to score a similar, if smaller, win in the U.K. Yahoo is working on an acquisition of Bebo, the popular British social networking site.This is the first paragraph/short story.
Here's a look at our "stock report" for both the finals and Second Chance Showdown. As we've already posted, aQuantive was the big gainer for many of you in SCS. And Trump Entertainment came in a "winner" as a result of takeover interest. (wonder if The Donald likes being a contest best performer). The most actives and widely held remain pretty much the same.
Here's what's happening with the Second Chance Showdown. We have two new leaders that catapulted to the front of the pack with all-in bets on aQuantive--up 77.84% Friday. That was on news that AQNT has agreed to be acquired by Microsoft at an 85% premium. We noted in the finals post today how the top ten Second Chance Showdown leaders bought AQNT while the contest finalists, didn't. So, it's Linda Gordon in first with a portfolio value of $1,880,916.42.
Old media's reluctant fascination with new struck "The Big Idea" last night, with guests even the computer-illiterate couldn't pretend not to know. Web stars, defined not by name but by character, invaded our set, and by day's end, I couldn't get one disturbingly hypnotic word out of my head: SHOES!
When is a $3 billion company really worth $6 billion? When you're Microsoft, looking for some kind of answer to the Google online advertising juggernaut, and still licking your wounds after losing the billion-dollar bidding war for DoubleClick.Which leads us to Microsoft's mega-merger with Aquantive, offering an 85% premium to yesterday's closing price. It's a bold move, a pricey move, a move Microsoft had to make, but not surprising given what's been happening in the online advertising world these past few weeks.
Google said it was combining its different Web search services into one Universal Search service that would present Web sites, news, video and other results on one page.
A company called YouMail lets you create specific voicemail messages for specific incoming callers, like a professional message when your boss calls, or a warm and fuzzy voicemail message when mom calls. Now it’s put a wicked twist on the idea, called Ditchmail. Originally intended to block telemarketers, Gen X,Y,Z-ers (is there a Z yet?) are using the service to dump bad dates.
Responding to recent calls for General Electric to spin off NBC Universal, GE Chairman and CEO Jeffrey Immelt said he sees strong growth ahead for the news and entertainment unit but that "nothing is safe."
Internet media company Yahoo named Blake Jorgensen, co-founder of investment bank Thomas Weisel Partners, as chief financial officer, effective June 4.
Update on what may be the dumbest outsourcing idea yet that I actually love. Last week the Associated Press reported that a daily news website in Pasadena, California, has hired two reporters based in India to cover LOCAL NEWS. The reason: since things like city council meetings are streamed online, who really needs to be there?
Well, with a name like Moneymaker, you'd think he'd do better than last place, but that wasn't the case for world champion poker player Chris Moneymaker. As we told you, Chris finished dead last and in 10th place in Trading with the Stars. But no matter, his favorite charity--Wounded Warriors--got $5,000 for having Chris just play. Thanks Chris for taking the time to be part of Trading with the Stars.
Hey folks--here are the final contest standings as we start the last two weeks of the Million Dollar Portfolio Challenge. Serge Amelyan is the owner of the top portfolio by dollar value in the contest followed by Shi Nisman who have both hovered near the top of the list for a few weeks now. Serge did not break the $5M mark but managed to chalk up a 388% return over the last 10 weeks. More than $1M separates Serge in first and Barry in 10th.
Friday--today--is the last day of Trading With The Stars--and only transactions that were input by 4 pm ET Thursday will make a difference in their standings. As the Dow fell almost 150 points, Ernie Hudson was the only celeb to show a portfolio gain Thursday--on Gmarket. Jonathan Tucker regained the top spot, and Stephen Collins fell back into second on heavy losses in Golden Telecom. Meanwhile, Chris Moneymaker got crushed on Allscripts Healthcare, which has cost him $181,862.60 since he purchased it on 5/8, and he is now in last place. James Cromwell was hit hard by Knot Inc. which cost him $160K dropping him from 4th to 8th.
Forget the small fry and medium-cap companies: Andy Bishel thinks some of the market's largest names have the richest potential. The CIO of SKBA Capital Management gave "Morning Call" viewers two stock recommendations that may surprise them.
Martin Pyykkonen, senior executive director for Internet, media and communications at Global Crown Capital, told CNBC’s “Street Signs” that Google is betting that censorship in China eventually ends.
We got an email today about guest blogger Jeff Mishlove's last stock picks--and Jeff feels he wants to address the issues raised by the emailer--that perhaps other contestants have as well. A reminder that Jeff gets no compensation for his blog posts. Here he is: A contest participant has recently raised several concerns, due to the fact that the recommendations I posted on Tuesday have done so poorly – while, simultaneously, I myself was on the leaderboard and have also benefited from sales of my Handbook for Contestants. The implicit suggestion was that, perhaps, I deliberately posted lousy stock picks at the end of this event – in order to confuse the competition and gain an edge for myself.
Wow--can Stephen Collins pick em or not. As we mentioned in an earlier post on contest stocks--best performong stock Foster Wheeler let the actor soar into first place in Trading With The Stars--with a $78K gain on FWLT--which was up 19.96% Wednesday. He now has a total portfolio value of $1,237,825.31 which gives him a $14K lead over Jonathan Tucker with 2 days remaining in the contest. Lots of hooray's for Stephen from the "Morning Call" Team--the show he's playing for.
According to the Seattle Post-Intelligencer, Bill Gates confessed to searching for the estimated value of his 50,000-square-foot mansion on Zillow.com. Gates generally likes the online real estate site, which launched with the help of some former Microsoft execs. But he says Zillow's "algorithms for figuring out prices don't scale very well to the low end or the very high end."
Stocks are heading lower as April chain store sales promise a shower of negative news, though not unexpected. European markets are lower and Japanese stocks closed down on the day. But the star of Asia, China's stock market continues to bubble higher, and the Financial Times says the value of the shares that traded Wednesday on China's Shanghai and Shenzhen exchanges was greater than all of the rest of Asia combined.
Will Murdoch convince the Bancroft Family to sell Dow Jones? Will he sweeten his already oh-so-sweet $5 billion offer for the Wall Street Journal's parent?There's no better place to find the future than in the past -- in News Corp's case, fiscal third-quarter earnings. Net income increased 6.2%, led by the movie division whose revenues grew a whopping 82% to $410 million, a record for the quarter.