Tuesday, May 22, 2012
Don't De-Friend Facebook Yet: Its IPO Might Not Mean Trouble Ahead - The Daily Beast - Zachary Karabell - Analysts have declared Facebook's IPO a sign of trouble for the company, but the real problem is Wall Street's warped definition of success. - But how a company that didn’t exist 10 years ago and now commands a market value of $100 billion could be considered a failure says more about the odd lens of Wall Street than it does about Facebook itself. - At worst Facebook and its brethren are overhyped and will underdeliver; on the other hand, the morass of the dark psychology of the financial world will become a self-fulfilling prophecy. Which would you prefer? If the tech visionaries of today are even partly vindicated, we not only will avoid the disasters that so many in the financial world foresee, but we will create a future far brighter than many now believe possible. That optimism is an irreplaceable ingredient for our collective well-being; it is in ever-shorter supply, but in tech land at least, it is alive and well.
'How Deep Is Your Love' is Robin Gibb's dying wish - NYPOST.com - Pop legend Robin Gibb made a dying wish for the Bee Gees' classic hit "How Deep Is Your Love" to be the first song played at his funeral. Gibb, who died of cancer Sunday night aged 62, made the request to son Spencer, 40, as he lay on his deathbed.
Oregon prep track coach takes student to prom, loses job - USATODAY - Ellen J. Horrow - Controversy has bubbled up at a small high school in Eastern Oregon after a volunteer track coach was let go because she took a 17-year-old boy to his prom in April. Melissa Bowerman, 41, who had been coaching the Condon/Wheeler track and field team with her 73-year-old husband, Jon Bowerman, was ousted this month in a phone call from school officials. Jon Bowerman is the son of Nike co-founder Bill Bowerman.
Apple's Cook top-paid US CEO in 2011: report - Yahoo! News - Apple chief executive Tim Cook topped the list of the best-paid CEOs in the US in 2011 thanks to stock options that put him more than $300 million above his next rival, a Wall Street Journal survey showed Monday. Cook, who took the helm of the iPhone and iPad maker in August last year, two months before the death of founder Steve Jobs, clocked in total compensation of $378 million.
Can Facebook fall any further? More woe for Zuckerberg as experts say 'there's no bottom' to how far shares could plunge | Mail Online - Facebook has suffered a serious blow to its glittering reputation when its share price slumped by more than 10 per cent in just two days of trading since the firm's landmark IPO last Friday. And the pain could continue for the social network, as many analysts predict its value will continue to fall in the wake of the much-hyped but shambolic initial public offering of 421m shares. It means Facebook founder Mark Zuckerberg, who made $19bn on Friday has since lost $2.055bn in the three days since.
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