The Executive

The Executive Gateway: News, Life, Work - It All Starts Here

Posts tagged Facebook

1 note &

Who is checking you out on Facebook and Twitter? The SEC and FINRA! Brokers, bankers, traders and all other Wall Street employees should be aware of a growing movement to strip away your right to privacy. The utilization of social media in the financial industry is soaring. Recently, the SEC relented on the dissemination of information via Twitter and other social media sites.  According to a recent survey, over one-third of financial advisers engage in work related social media. While privacy issues are of paramount importance to individuals this may not hold true for a person working at a financial institution. Regulators are concerned that if generally accepted privacy rules are applied to stockbrokers and others on Wall Street they could offer misleading information to clients without detection.  Potential Ponzi Schemes and illicit activities could go undetected. I guess that the tradeoff will ultimately be that you may enhance your business by using Facebook, Twitter, LinkedIn, and  Google+ but the pictures of your kids’ soccer game and dinner with your spouse are open for scrutiny. Please read the Wall Street Journal article here: http://finance.yahoo.com/news/wall-street-vs-employees-privacy-030200242.html

Who is checking you out on Facebook and Twitter? The SEC and FINRA!

Brokers, bankers, traders and all other Wall Street employees should be aware of a growing movement to strip away your right to privacy.

The utilization of social media in the financial industry is soaring. Recently, the SEC relented on the dissemination of information via Twitter and other social media sites.  According to a recent survey, over one-third of financial advisers engage in work related social media.

While privacy issues are of paramount importance to individuals this may not hold true for a person working at a financial institution.

Regulators are concerned that if generally accepted privacy rules are applied to stockbrokers and others on Wall Street they could offer misleading information to clients without detection.  Potential Ponzi Schemes and illicit activities could go undetected.

I guess that the tradeoff will ultimately be that you may enhance your business by using Facebook, Twitter, LinkedIn, and  Google+ but the pictures of your kids’ soccer game and dinner with your spouse are open for scrutiny.

Please read the Wall Street Journal article here:

http://finance.yahoo.com/news/wall-street-vs-employees-privacy-030200242.html

Filed under privacy facebook twitter wall street compliance search compliancex compliance jobs

0 notes &

Artist took Facebook stock for pay, now multimillionaire

 

CNN’s Anthony Bourdain meets an artist in Los Angeles’ Koreatown whose unconventional style has helped him hit it big.

Filed under facebook artist rich

2 notes &

Never Mind Facebook; Winklevoss Twins Rule in Digital Money

The Winklevoss twins, Cameron and Tyler — Olympic rowers, nemeses of Mark Zuckerberg — are laying claim to a new title: bitcoin moguls.

The Winklevii, as they are known, have amassed since last summer what appears to be one of the single largest portfolios of the digital money, whose wild gyrations have Silicon Valley and Wall Street talking. The twins, the first prominent figures in the largely anonymous bitcoin world to publicly disclose a big stake, say they own nearly $11 million worth.

Or at least $11 million as of Thursday morning — when trading was temporarily suspended after the latest and largest flash crash left a single bitcoin worth about $120 and the whole market worth $1.3 billion. At one point, the price had plummeted 60 percent.

To skeptics, the frenzy over the bitcoin network created by anonymous programmers in 2009 looks more like the mania for Dutch tulip bulbs in the 1600s than the beginnings of an actual currency.

“To say highly speculative would be the understatement of the century,” said Steve Hanke, a professor specializing in alternative currencies at Johns Hopkins University.

Read:

http://finance.yahoo.com/news/big-investors-emerge-bitcoin-gets-191114595.html

Filed under facebook winklevoss twins bitcoin

1 note &

Zuckerberg facing $1billion tax bill So how much will Facebook CEO Mark Zuckerberg have to pay in taxes for taking his social network public? According to a report in CNN, more than $1 billion. The reason for Zuckerberg’s hefty tax bill is linked to Facebook’s first day on Wall Street. When Facebook’s initial public offering was introduced, Zuckerberg exercised an option to scoop up 60 million shares, the report says. That move counts as standard income in the eyes of the IRS, which would equate to about $2.3 billion. Citing three certified public accountants based in California, CNN says Zuckerberg’s final tally, after deducting charitable donations, sits at $1 billion. Zuckerberg should have no trouble clearing his tax bill. According to Forbes’ billionaires list, he’s worth $13.3 billion. Source: USA Today

Zuckerberg facing $1billion tax bill

So how much will Facebook CEO Mark Zuckerberg have to pay in taxes for taking his social network public?

According to a report in CNN, more than $1 billion. The reason for Zuckerberg’s hefty tax bill is linked to Facebook’s first day on Wall Street.

When Facebook’s initial public offering was introduced, Zuckerberg exercised an option to scoop up 60 million shares, the report says. That move counts as standard income in the eyes of the IRS, which would equate to about $2.3 billion.

Citing three certified public accountants based in California, CNN says Zuckerberg’s final tally, after deducting charitable donations, sits at $1 billion.

Zuckerberg should have no trouble clearing his tax bill. According to Forbes’ billionaires list, he’s worth $13.3 billion.

Source: USA Today

Filed under Mark Zuckerberg one billion dollars facebook taxes

0 notes &

Top Stocks of the Week: March 15

The list of top tickers is derived from the quote pages that received the most views on Yahoo! Finance by examining data for the current week.  

1. Apple (AAPL)
There were some rare signs of life from Apple this week, and thankfully so considering that rival Samsung spent the week building buzz around the launch of its latest iPhone-challenging smartphone.

In a rare occurrence, Apple unleashed an executive to stand up for the company’s products and trash Google’s Android operating system.

“When you take an Android device out of the box, you have to sign up to nine accounts with different vendors to get the experience iOS comes with,” Phil Schiller, Apple’s senior vice president of world-wide marketing, told the WSJ. “They don’t work seamlessly together.”

The Daily Ticker’s Henry Blodget noted the potential folly of this Apple flare up on the day Samsung planned to unveil the Galaxy S4.

“The points that Schiller made about Android—that it is fragmented into different versions and that it’s not as simple to use as Apple’s operating system—were reasonable,” said Blodget. “But coming as they did on Samsung’s big launch day, the comments seemed defensive, classless, and even desperate.”

The company also received a surprising upgrade on Thursday from BTIG analyst Walter Piecyk, giving shares a $540 price target. However, that upgrade was based on the promise of new products, a promise that investors and Apple fans have been waiting to be fulfilled for some time now.

Apple shares have risen 0.8% over the last 5 full trading days, closing at $432.50 on Thursday. Shares are down 22% for the year to date.

2. BlackBerry (BBRY)

BlackBerry is on pace to post huge gains for the week thanks to some acquisition speculation and word of a major sales victory.

Shares made their first bounce on Monday after AT&T announced that sales of the company’s new Z10 smartphone would begin on March 22. Also on Monday, the head of China’s Lenovo Group was said to have told a French newspaper that his company would consider acquiring BlackBerry in the future. Shares ultimately finished Monday up 14.1% for the day on Monday.

Shares got another boost on Wednesday after the company announced that a key partner had placed the largest purchase order in the company’s history, buying up 1 million BlackBerry Z10 smartphones.

Shares of BlackBerry have vaulted 12% over the last five full trading days, closing at $15.06 on Thursday. For the year to date, shares have risen 33.5%.

3. Bank of America (BAC)

The nation’s second largest bank continues to hold investors’ interest after it was among 18 big banks that passed the Federal Reserve’s annual stress tests.

The need and ultimately value of the stress tests is questionable, however.

“The stress tests overall is really an example of the Fed, particularly Dan Tarullo, keeping his feet on the neck of the banking institution,” Dan Alpert, the founder and managing partner of Westwood Capital, told Breakout.

Yahoo Finance’s Jeff Macke and Alpert also noted that he conditions assumed in the tests strayed from reality, anticipating a 50% drop in equities, a rise in unemployment to 12.1%, and a 20% decline in housing prices lasting for 2 years. “If you had that kind of nuclear melt down what you’d have after 24 months would be carcasses of banks,” said Alpert.

While banks are in a much stronger position than they were, CNNMoney points out that the sector as a whole remain 50% below all-time highs reached in 2007.

Shares of Bank of America have fallen 1.6% over the last five full trading days, closing at $12.11 on Thursday. Shares are up 0.2% for the year to date.

4. Facebook (FB)

The big news on Facebook this week centered on a new relationship the social networking giant struck with Netflix (NFLX). On Wednesday, Netflix announced that it would give U.S. customers the ability to link their accounts with Facebook, allowing friends to see what movies they are watching.

The company also announced that it plans to develop conferences for mobile developers, with the first slated to take place April 18 in New York. London will host another conference followed by Seoul, both in early May.

Facebook shares have fallen 4.5% over the last five full trading days, closing at $27.04 on Thursday. Shares are down 3.3% year to date.

5. MagicJack VocalTec (CALL)

MagicJack has bubbled back into our list of top-viewed ticker pages as investors await quarterly earnings from the embattled company.

According to The Motley Fool, the company is expected to turn a profit this quarter, with revenues expected to increase 46.5%.

It’s been a difficult year for MagicJack so far. A Seeking Alpha blog post that ran in early January accused the company of improper accounting to boost profits.

Said a Bloomberg report:

“MagicJack, which sells voice-over-Internet services, dropped after a Jan. 8 blog post on the Seeking Alpha website attributed to ‘Copperfield Research’ said the company used “accounting gimmicks” to boost profits and that the ex-CEO used his common equity on margin as collateral for debt. Borislow, who relinquished his post to Gerald Vento on Jan. 1, said the post was ‘clear and utter lies,’ in a phone interview yesterday from West Palm Beach, Florida.”

Since that time, a string of lawsuits seeking class action status have been filed against the company.

Shares have fallen 10.3% this week, closing at $13.30 on Thursday. Shares are down almost 24% for the year to date.

Related Quotes:

AAPL 432.50 0.00 (+0.00%)GOOG 821.54 0.00 (+0.00%)BBRY 15.06 0.00 (+0.00%)FB 27.04 0.00 (+0.00%)NFLX 188.37 0.00 (+0.00%)BAC 12.11 0.00 (+0.00%)CALL 13.30 0.00 (+0.00%)

Filed under top stocks apple blackberry magicjack google bank of america netflix facebook wall street

4 notes &

 Facebook CEO Sheryl Sandberg pushes women to “lean in”   The following script is from “Sheryl Sandberg” which aired on March 10, 2013. Norah O’Donnell is the correspondent. Tanya Simon and Deirdre Naphin, producers. Sheryl Sandberg is the chief operating officer of the social networking giant Facebook — but that’s not what’s putting her in the headlines. She’s decided to jump head first into one of most hotly debated and intensely personal issues out there: women in the workplace. In a new book that has already touched a nerve, Sandberg proposes a reason for why there are so few women at the top: the problem she says might just be women themselves. Despite the fact that women have been getting more college degrees than men for 30 years, they still account for only four percent of CEOs in America’s Fortune 500 companies and Sheryl Sandberg says that number needs to change. Sheryl Sandberg: The very blunt truth is that men still run the world. Norah O’Donnell: But what about the women’s revolution? Sheryl Sandberg: I think we’re stalled. I think we’re stalled. And I think we need to acknowledge that we’re stalled so that we can change it. http://www.cbsnews.com/8301-18560_162-57573475/sheryl-sandberg-pushes-women-to-lean-in/  

 Facebook CEO Sheryl Sandberg pushes women to “lean in”

 

The following script is from “Sheryl Sandberg” which aired on March 10, 2013. Norah O’Donnell is the correspondent. Tanya Simon and Deirdre Naphin, producers.

Sheryl Sandberg is the chief operating officer of the social networking giant Facebook — but that’s not what’s putting her in the headlines. She’s decided to jump head first into one of most hotly debated and intensely personal issues out there: women in the workplace.

In a new book that has already touched a nerve, Sandberg proposes a reason for why there are so few women at the top: the problem she says might just be women themselves. Despite the fact that women have been getting more college degrees than men for 30 years, they still account for only four percent of CEOs in America’s Fortune 500 companies and Sheryl Sandberg says that number needs to change.

Sheryl Sandberg: The very blunt truth is that men still run the world.

Norah O’Donnell: But what about the women’s revolution?

Sheryl Sandberg: I think we’re stalled. I think we’re stalled. And I think we need to acknowledge that we’re stalled so that we can change it.

http://www.cbsnews.com/8301-18560_162-57573475/sheryl-sandberg-pushes-women-to-lean-in/

 

Filed under Sheryl Sandberg facebook ceo work life balance

1 note &

Zuckerberg Now Owns 29.3 Percent Of Facebook, Representing $18 Billion

Facebook announced in an SEC filing that founder and CEO Mark Zuckerberg now owns 29.3 percent of Facebook shares (NASDAQ:FB), up from a 28.2 percent stake on the day of the IPO. With 632.7 million shares currently trading at $28.50, it represents a bit more than $18 billion.

Remaining the largest shareholder is one of Zuckerberg’s most impressive achievements, not only for his personal wealth, but for his voting power as well.

Back in May when Facebook started trading, its founder used to own 443 million shares and 60 million unexercised options. As the company’s shares started trading at $38 a share, it represented $16.9 billion, making him one of the youngest multi-billionaires. Again, this is only for his stock-based wealth.

Even though the stock had a roller coaster year and the company recently released more shares, Zuckerberg increased his wealth in shares thanks to stock-based compensation. Shares were trading above $30 a share for most of the month of January. Now at $28.50, it seems like Facebook shares have finally found a stable price around the $30 mark.


To read more go to TechCrunch

Filed under Facebook Owner Money Stock

1 note &

Most Bizarre Ways To Get In Trouble At Your Wall Street Job


Bringing an inappropriate item such as a fake grenade to work

Bringing an inappropriate item such as a fake grenade to work

Wikimedia Commons

It’s probably not the best idea to order something that resembles an explosive and have it sent to your office.  

EXAMPLE: Back in April, a Nomura employee had a UPS package sent to the office containing a novelty grenade on wooden plaque with a sign reading “Complaint Department: Please Take a Number,” sent to the office.

The object was discovered during a routine screening causing parts of World Financial 2 to be evacuated on initial fears that it might be a real explosive.  

It was later determined to be a fake grenade, but the bank placed the employee on administrative leave for bringing an “inappropriate item” to work. 

Source: Bloomberg News 

Bitching about your bank on Facebook

Bitching about your bank on Facebook

www.Facebook.com

Be careful who you’re friends with at work on Facebook.  Also, be careful with what you post on the social networking site. 

EXAMPLE: An RBS employee was fired without compensation after one of her co-workers told their boss about some Facebook statuses she posted. 

After Kate Furlong read an article saying RBS would axe around 3,500 jobs, she posted, ’‘I speak for myself when I say WoOOOOooooOooooHOoooOooOoo’ it was pretty damn obvious something like this was coming. I’m neither stupid nor naive … and quite honestly it is the best news ever as far as I am concerned!”

Source: UK Parents Lounge 

Mooning your boss at the office

Mooning your boss at the office

Johan Clausen

Don’t expect to keep your job after showing your boss your naked rear-end.

EXAMPLE:  Back in 2005, Chicago-based investment banker Jason Selch was fired and forfeited his $2 million partnership when he mooned his bosses. 

At the time, Selch was an employee with Wagner Asset Management when it merged with Columbia Asset Management, a subsidiary of BofA. 

Shortly after the merger, Selch learned that a friend of his had been fired for not accepting lower compensation with Columbia.

This really ticked him off, so he went into the conference room where some execs, New York-based COO Roger Sayler and Chicago-based CIO Charles McQuaid, were meeting and asked if he had a non-compete agreement. He did not. 

That’s when he dropped his pants and mooned his superiors and told Sayler he hoped he would never return to Chicago.  

Selch was eventually fired and he ended up suing the firm, but an Illinois appeals court said last month he deserved to be fired. 

From the judge’s ruling: 

“Plaintiff violated the rules and regulations in the (employee) handbook by behaving in a disruptive, unruly and abusive manner - ‘mooning’ Sayler and McQuaid and informing Sayler that he was not welcome in that office and that plaintiff hoped he would never return to the Chicago office - that also may be considered obscene behavior.” 

Source: Courthouse News 

Taking cell phone pictures inside the bank and putting them on social media sites

Taking cell phone pictures inside the bank and putting them on social media sites

foursquare.com

EXAMPLE: Earlier this summer, a bunch of Instagram photos taken inside the big Wall Street banks were published in a slideshow for NY Mag.  

Business Insider learned that some of those who took pictures got heat from their managers because they’re not supposed to take photos inside their firms.   

We’ve heard from our Wall Street sources that it’s a big no-no to take pictures, especially of the trading floors.  

Source: Business Insider 

Asking the Bloomberg help function for a good strip club

Asking the Bloomberg help function for a good strip club
Asking for a good strip club, even if it’s just a joke, is never a good idea at work.  

EXAMPLE:  In 2010, during a Bloomberg Terminal training session at an American investment bank in the U.K., a young bank recruit was goofing around with the help option and asked the Bloombot, “Where’s a good strip club?” among other inappropriate questions for work. 

According to the London Evening Standard, Bloomberg told the young banker’s employer and he was subsequently fired. 

Source: The London Evening Standard 

Getting absolutely tanked and destroying your co-workers cubicle

Getting absolutely tanked and destroying your co-workers cubicle

Dealbreaker.com

Being drunk at work is never a good idea and neither is coming into the office smashed to tear up a co-worker’s desk over the weekend.

EXAMPLE:  Back in 2010, a second year tech analyst at Credit Suisse was said to be fired after he drunkenly trashed one of his co-worker’s cubicles over a weekend. 

That’s the bank’s property, not yours. 

Source: DealBreaker

Having a mental breakdown so awful that your parents have to take you to work.

Having a mental breakdown so awful that your parents have to take you to work.

Flickr

EXAMPLE: One poor analyst was so burnt out weeks of work with no end, he had a break down so brutal his parents had to take him to work.

The bank was shorthanded too. The analyst begged people to take on some of his work but no one would. Eventually, right before his team was going to get an extra hand, the analyst lost it. He was late to work and no one knew were he was until he showed up with his parents.

They said the analyst hadn’t sleep all weekend. As they explained, he went to his desk and kept murmuring gibberish and slamming his mouse and head on the keyboard.

He was never back again. See the full story here.

Being caught on TV looking a nude pics of a chick on the trading floor

EXAMPLE: This Macquarie banker in the background, who was identified as David Kiely, got in trouble when he got caught on video looking at pictures of models, while someone was doing a TV hit on interest rates.

Source: Here Is The City

Playing chicken with your Series 7 (or any other test).

Playing chicken with your Series 7 (or any other test).
EXAMPLE: Anthony Scaramucci admitted to Business Insider that he played “Series 7 Chicken” and it was one of the reasons he was fired at Goldman Sachs when he was young.

Basically, he and the rest of his analyst class bet on who could get the lowest Series 7 Score while still passing. He won an $8,000 pot but none of his other classmates actually played. He got a 79. The lowest score in his class was a 90.

He was later rehired.

Sending other companies ‘lewd e-mails’ from your work account.

Sending other companies 'lewd e-mails' from your work account.

Flickr/orphanjones

EXAMPLE: A banker at the Bank of Ireland was fired after another company complained about receiving e-mails from him that were totally inappropriate. The banker admitted that he sent the e-mails (titled ‘Adult Funnies,’ another ‘Tsunami’) but he said the bank didn’t follow proper procedures when they fired him.

Source: Irish Independent 

Pooping on/near the trading floor.

Pooping on/near the trading floor.
EXAMPLE: One Merrill Lynch banker, upset about his bonus, showed his rage by pooping on the floor or in the bathroom near the trading floor and then smearing it on the walls. We’re not sure because the details here are messy. Merrill called the event an “unfortunate accident” in one of the stalls. So it’s possible that though there was poop found on the trading floor, it was just tracked in by an unfortunate bystander.

Source: Dealbreaker 




Source: Businessinsider.

Filed under Wall Street Bizarre Fired Job-loss Facebook

0 notes &

Tech CEOs Who Have Lost A Fortune In The Past Year

Kevin Systrom – Instagram

Kevin Systrom

Flickr / LeWEB11

Back in April my dad asked me to explain what Instagram was and why Facebook was buying them for $1 billion. It’s not as easy to explain as you’d think. It’s a free app that distorts your photos to make them look older and lower quality…kind of like a Polaroid… Regardless of what you thought of Instagram, you had to give props to 28 year old CEO Kevin Systrom after he scored a billion dollars for a company that had no revenue or monetization plans whatsoever as far as we know. Systrom’s 40% stake was worth $400 million, another $100 million went to co-founder Mike Krieger and the remaining half billion was divvied up by various venture capitalists. The terms of the deal would pay Instagram $300 million cash and 23 million shares of Facebook stock which at the time (prior to their IPO) were valued at $23 a share or $690 million. Good deal right? Ehhh… Turns out not so much. It would have been a great deal if Facebook’s stock exploded after their IPO like everyone hoped/expected but, as we laid out in example #4 above, Facebook went on to lose half its value, Instagram lost $300 million and Kevin Systrom’s take was reduced by $120 million to $280 million.

Mark Zuckerberg – Facebook

Mark Zuckerberg

mauriz

Facebook’s bad luck didn’t end with their disastrous IPO back in May. The IPO was a complete debacle, leaving investors reeling with unfilled orders and bad information. Facebook’s share price peaked briefly at $45 on it’s actual IPO day, giving the company a near $85 billion market cap and CEO Mark Zuckerberg a net worth of $20 billion. June, July and August have been brutal for the young social network. The stock has lost half its value and Zuckerberg’s net worth has dropped to $10 billion. Shockingly, several analysts and reporters have actually called for the mighty Zuck to step down from his own company!

Reed Hastings – Netflix

Reed Hastings
As we reported back in October, Netflix CEO Reed Hastings has experienced one of the most incredible falls from grace in CEO history. Almost exactly one year ago, Netflix was a Wall Street darling, with the stock hitting an all time high of $300. The company had a market cap of $16.5 billion and Reed Hasting’s net worth was $900 million. Fast forward 12 months and Netflix’s stock has lost 78% of its value thanks to their very public, very disastrous Qwikster debacle which raised fees and sent subscribers fleeing by the tens of thousands. It also didn’t help that the company lost several key licensing deals which left their streaming library very thin. Reed Hasting has been selling his own stock like there’s no tomorrow and his net worth is currently $280 million.

Mark Pincus – Zynga

Mark Pincus

Fortune Live Media / flickr

Zynga was once the hottest tech company in the world, with a highly anticipated IPO that many expected would value the social game maker at $15 – $20 billion. Zynga went public in December of 2011, at a respectable $9 price per share. Over the next four months, the stock slowly climbed to a peak of $16 which made the company worth $7.4 billion. CEO Mark Pincus owns 67 million shares of Zynga which were worth nearly $1.1 billion at the stock’s peak. Prior to creating Zynga, Pincus spent $400,000 to buy an early 0.5% stake in Facebook which, at one time, added an additional $425 million to his net worth. Apparently this has been a rough summer for Mark Pincus, Zynga and Facebook because after peaking at $16, Zynga started a slow slide and by June was in a full free fall,losing over 80% of its value. Zynga today trades in the $3 range (and has gone as low as $2.6) which gives the company a market cap of $2.4 billion. The value of Pincus’ shares has dropped from $1.1 billion to $200 million, a loss of $900 million. To add insult to injury, Facebook has lost half it’s value since going public which has cut Pincus’ $425 million stake down to $212 million. Mark Pincus’ net worth today stands at $425 million, a total loss of $1.113 billion in a matter of three months.

Andrew Mason and Eric Lefkofsky – Groupon

Andrew Mason and Eric Lefkofsky
Before Groupon went public, the company raised over $950 million in venture capital of which $810 million was paid out to early investors and insiders. CEO Andrew Mason paid himself $30 million and early backer Erick Lefkofsky took out $320 million. This move raised a lot of eyebrows, but their Venture Capitalists quickly focused on the company’s November 2011 IPO which is where the real gold would be found. Groupon’s public offering has been a disaster. Mason and Lefkofsky, who own 46 million and 110 million shares respectively, became an instant billionaires when GRPN debuted on the NASDAQ at $26 a share. Mason’s net worth grew to $1.4 billion when the stock peaked at $31.1 and Lefkofsky’s net worth hit an all time high of $3.4 billion. Unfortunately due to several accounting regularities and slower sales growth, Groupon has lost 85% of it’s value over the last 9 months, shrinking Andrew Mason’s net worth by more than $1.17 billion to $230 million. Eric Lefkofsky’s net worth has shrunk by $2.9 billion to $800 million (his shares are worth $506 million, but remember he took out over $300 million from the VCs). Most analysts agree that Groupon’s immediate future does not look very bright. Consumers and businesses have grown tired of the daily deals concept and the stock continues to slide each day.


Read More: Celebrity Networth

Filed under CEO Lost Fortune Tech Instagram Facebook Mark Zuckerberg Netflix

0 notes &

LinkedIn Riding High As Job Marketplace

While Facebook struggles to feed ads to 900 million fickle members enjoying its free services, LinkedIn is working on selling paid services to its 175 million professional participants. Its fastest growing products, accounting for more than half of the company’s revenue, turn the serious social network into a giant job mart.


“[LinkedIn] is the best tool to come out so far for recruiters,” said Glenn Newman, a headhunter for Berkeley, Calif.-based Management Recruiters, an affiliate of global recruiting firmMRINetwork.

The Place For HeadHunters

Fully 90% of recruiters use LinkedIn to seek candidates, according to a recent survey by MRINetwork. By comparison, the same study found that only 15% of recruiters use Facebook and 11% check out Twitter.

Source: ReadWriteWeb

Filed under LinkedIn Job Marketplace Facebook WallStreet HeadHunters

1 note &

Facebook stock drops on concerns insiders could flood market

 

Facebook’s stock has disappointed investors who snapped up shares in the social networking company’s May 18 IPO.

Starting Thursday, company insiders are cleared to offload their stakes in the empire they built, or they can continue to hold on to their shares for the longer haul. Will they flee the stock or stay?

Facebook Inc. lost $1.20, or 6%, to $20 a share shortly after the opening bell as more than 271 million new shares became eligible to trade in the stock market.

The Dow Jones industrial average and the broader Standard & Poor’s 500 index, meanwhile, were down slightly but essentially flat in early trading. The tech-focused Nasdaq was up 5 points, or 0.2%, to 3,035.

Source: LAtimes

Filed under Facebook Stock WallStreet

0 notes &

The Very Real Perils of Rich Kids on Social Networks

Beauty in my backyard. @breschultz by rachaelccairns #ocean #mansion

Zachary Dell, the teenage son of PC magnate Michael Dell, earned his 15 minutes of Internet fame this week.

Thanks @VinnyTheChef by brockieboy #personalchef #mansions

He appeared on a Tumblr site called the Rich Kids of Instragram in a photo posted by his older sister Alexa. There Zachary sat on the family jet, devouring a Ritz-worthy buffet on his way to Fiji.  

Tattoos, mansion and my pool. #squarcio by matterffsr 

Champagne showers. Take two. @didrikkrohg @felixusterud #rkoi #kragerø #DP by oledemba 

Source: Businessweek

Balliinnn #bottles #alcohol #rkoi #richass #cashmoney # by lylajoy#champagne #aceofspades #oceanclub by marianoamoedo Spray down the party. #nikkybeach #greygoose #sainttropez #party by alozhkinaSunday Funday Cruisin by majesticjr  #rollsroyceOur everyday is better than your best day. #rkoi #inappropriatedinnerconversation by collinjohnstone Dom and Moet bottles in the bath. AMEX gold too. by thuniss 

Filed under social networking Facebook Twitter Dell Threat Rich Kids on Social Networks

2,678 notes &

The Facebook Insiders Who Dumped Stock Just Before It Crashed… Timing isn’t everything in life, but it helps. And now that Facebook’s stock has been cut in half since its May IPO, it’s time to compliment the clever folks who sold when everyone else was convinced that playing the Facebook IPO was pretty much a sure thing. At the time, of course, these sellers appeared almost selfless: Demand for Facebook’s stock was so intense that it seemed the inside sellers would soon look like schmoes for selling too cheap. Alas, if there’s one lesson that gets repeated endlessly on Wall Street it’s that anything that seems like a free lunch almost certainly isn’t. And now, the Facebook insiders who sold on the IPO look, well, savvy. Source: Business Insider

The Facebook Insiders Who Dumped Stock Just Before It Crashed…

Timing isn’t everything in life, but it helps.

And now that Facebook’s stock has been cut in half since its May IPO, it’s time to compliment the clever folks who sold when everyone else was convinced that playing the Facebook IPO was pretty much a sure thing.

At the time, of course, these sellers appeared almost selfless: Demand for Facebook’s stock was so intense that it seemed the inside sellers would soon look like schmoes for selling too cheap.

Alas, if there’s one lesson that gets repeated endlessly on Wall Street it’s that anything that seems like a free lunch almost certainly isn’t.

And now, the Facebook insiders who sold on the IPO look, well, savvy.

Source: Business Insider

(Source: tastefullyoffensive)

Filed under Facebook IPO Nice timing Stock hedge fund Wall Street

1 note &

Facebook Stock is Looking Bad

Facebook’s rocky relationship with investors just keeps getting worse.

After hitting a new low Tuesday as shares tumbled 6% to $21.71, the drop continued Wednesday. The stock (FB) was down more than 3% to $21.01 at one point.

Four trading sessions after the social-networking giant reported earnings for the first time as a public company, concerns about growth and share valuation are far from over.

The shares are now almost 45% below the $38 a share IPO price when it started trading May 18.

Read More: USAtoday

Filed under Facebook Stock stockmarket rocky relationship social-networking