Two Facebook graphs Wall Street analysts and investors should ignore
Wall Street likes data. Annual reports and quarterly reports move markets. If Wall Street could access daily data on the ins-and-outs of a company, it would. Hedge funds have been known to use analysis of satellite imagery of Wal-Mart parking lots to try to get a jump on the markets.
That micro level of analysis isn’t going to be very helpful in predicting Facebook’s future. For example, here are two of the types of charts … Continue Reading
Why iCloud is a bigger deal than you think for Steve Jobs’ legacy
Steve Jobs introduced a lot of important products to the world, including the Macintosh, iPod, iPhone, and iPad. But one of the most important things he ever helped produce may be a product that didn’t even fully launch until after his death.
iCloud, a virtual storage drive for your personal content, is just getting off the ground this month. Along with the iOS 5 operating system, it was the last product Jobs showed off in … Continue Reading
Amazon reports Q3 earnings, misses Wall Street estimates big-time
Amazon today released its 3rd Quarter earnings, turning in a per-share performance of just 14 cents, missing Wall Street expectations of 25 cents per share by a wide margin. The ecommerce giant saw revenue decrease by 73 percent, to just $63 million, which is likely to further punish the stock price.
Amazon‘s Q3 earnings in 2010 were $231 million, or 51 cents per share. Overall revenue for the quarter rose 44 percent, to $10.88 billion.… Continue Reading
Could Facebook make its own rebuttal to 'The Social Network'?
It’s no secret that Facebook‘s Mark Zuckerberg is not a fan of the idea that a major Hollywood film may go on to define his life on celluloid. But “The Social Network“, which comes out next month in film festivals and nationwide October 1, is exactly that — a Hollywoodised version of the Facebook founding story, complete with Zuckerberg at its helm as the hacker-traitor antihero.
It must be a perplexing time for the company, … Continue Reading
