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07 Jul 2009 16:29

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Biz: Generally speaking, money is growing on trees over at Facebook.

  • Generally speaking, people who are selling their stock in Facebook now are making a mistake.
  • Facebook board member and Silicon Valley entrepreneur Mark Andreessen • stating the obvious. With money coming out its a** and more than 225 million registered users, we think you would have to have a serious brain fart (or some killer insider information) to sell any of its stock.  • source
Posted by Nathalie Heiberg • 0 Comments • Permalink

07 Jul 2009 16:15

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Biz: Facebook to world: What recession? We still rock.

  • $500 million is their lowball estimate of what Facebook will be raking in this year for revenue. source
Posted by Nathalie Heiberg • 0 Comments • Permalink

07 Jul 2009 12:21

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Biz: Another sign the economy sucks: People can’t pay off credit

  • 6.6% of all card debt is delinquent; that’s a record source
Posted by Ernie Smith • 0 Comments • Permalink

06 Jul 2009 23:07

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Biz, Tech: New York Times to workers: Your texting is costing us money. Stop it.

  • Yeah, that sounds extreme. The Times is trying to cut back where it can, according to the New York Observer. And the place they felt most necessary? Cell phone bills. Texting costs money both as an unlimited charge and on a per-text basis, so they’re recommending their employees use other means, such as Twitter and IM, instead. Also on the chopping block? MMS and 411 calls, which cost $1.49 a piece. Next on the list? Pulling “scroll lock” keys off the staff keyboards and melting them into silverware for the newsroom cafeteria. source
Posted by Ernie Smith • 3 Comments • Permalink

06 Jul 2009 22:42

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Biz, Sports: Tribune, still bankrupt, is close to selling off the Chicago Cubs

  • $900 million for the crown jewel of the news company source
Posted by Ernie Smith • 0 Comments • Permalink

06 Jul 2009 22:11

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Biz: Ryanair to travelers: We want YOU (to feel uncomfortable)

  • Ya know how your legs get cramped after sitting on a plane for too long? Ever wish you could just stand the whole way instead? …no? Well, Ryanair CEO Michael O’Leary thinks you might – it’ll save him a couple bucks too. Inspired by a Chinese airline which charged passengers a reduced fare to sit at a bar stool with a seat belt around their waists, O’Leary is now asking the Irish Aviation Authority if it’s A-OK for the company to do the same. Since the seats are crappy, does that mean the plane has an open bar? source
Posted by Nathalie Heiberg • 0 Comments • Permalink

06 Jul 2009 10:10

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Biz, U.S.: General Motors plows through bankruptcy like an off-road SUV

  • 40 days from bankruptcy to government ownership – a blazing fast speed for this sorta thing source
Posted by Ernie Smith • 0 Comments • Permalink
 

03 Jul 2009 11:43

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Biz, U.S.: The bloodshed at banks is only getting worse this year

  • 52 banks around the country have failed this year source
Posted by Ernie Smith • 0 Comments • Permalink

02 Jul 2009 22:18

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Biz, U.S.: Pay-for-play journalism with the Washington Post? No way, Jose!

  • We will not participate in events where promises are made that in exchange for money The Post will offer access to newsroom personnel or will refrain from confrontational questioning. Our independence from advertisers or sponsors is inviolable.
  • Marcus W. Brauchli • Executive editor of The Washington Post, talking about a report in Politico about a series of “salons” to offered lobbyists access to Washington Post journalists in exchange for their soul … er, money. The first meeting was reported to be at the publisher’s house July 21, and was going to have Post reporters, Obama administration officials and Congressmen. Word is that the flyer for the event leaked early and without proper vetting, and it was likely a marketing person’s vision. In other words, someone’s getting yelled at in a boardroom right now. (Disclosure: ShortFormBlog editor Ernie Smith is affiliated with The Washington Post’s Express, but the blog itself has no ties to The Post, nor does it express the opinions of the company.) • source
Posted by Ernie Smith • 0 Comments • Permalink

02 Jul 2009 21:26

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Biz: Unemployment sucked last month = stocks sucked today

  • -223 point decline of the Dow Jones Industrial today, due to crappy employment numbers source
Posted by Ernie Smith • 0 Comments • Permalink
 
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