“The evidence of a China slowdown which is somewhat worse (perhaps much worse) than what the market was expecting continues to pile up. ”Comments »
Monthly Archives: May 2012
Hat Tip @HCPG on Twitter for finding this via smartmoney.com
By Quentin Fottrell
Facebook CEO Mark Zuckerberg changed his status to “married” Saturday and received over one million “likes” from his followers. But the site he founded isn’t always so marriage-friendly. In fact, lawyers say the social network contributes to an increasing number of marriage breakups.
More than a third of divorce filings last year contained the word Facebook, according to a survey by Divorce Online, a UK-based legal services firm.Comments »
The stock is down 0.9% on the news.Comments »
The underwriters are getting obliterated. FB is now down more than $4 or 11% at $34.Comments »
The entire social media sector is on fire…GRPN -4%, LNKD -5%, YELP -5%, ZNGA – 7%, SVVC -7%, GSVC -10%,Comments »
“LONDON (Reuters) – British bank Barclays is selling its near-20 percent stake in U.S. asset manager BlackRock, worth $6.1 billion, as tougher global regulations have cut the attraction of such holdings.
Barclays has held the stake for almost three years, a legacy of BlackRock’s $13.5 billion purchase of Barclays Global Investors, but Basel III regulations mean banks have to hold more capital against minority stakes in asset managers and other firms, making it less profitable.”Comments »