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Here’s The Email Zuckerberg Sent To Cut His Cofounder Out Of Facebook

Everyone remembers the scene in The Social Network where Zuckerburg cuts his co-founder out by diluting his stake in the company. The Business Insider has a source who has provided the actual email sent from 20-year old Zuckerburg to his lawyer whereby the go-ahead was given to draft the paperwork which would ultimately result in the dissolution of their partnership.

Read the email here.

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The Costanza Tipping Point

Despite a lack of investor participation the markets may have reached a tipping point with Facebook. I hope I’m wrong, but for months i have wondered why the IPO was pushed off months ahead to the classic ‘sell in May’ period.

At any rate, here is a story telling of investor frenzy insanity.

Full article

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Elizabeth Warren Calls for Dimon to Resign From New York Fed

“May 13 (Bloomberg) — Elizabeth Warren, a Massachusetts candidate for U.S. Senate, called for JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon to resign his position as a director at the Federal Reserve Bank of New York.”

Full article

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So Much For Decoupling

Yesterday was the calm before the storm. Perhaps this is the sell in May and go away scenario playing out. You had to wonder how long the markets could remain resilient in the face of bad news on multiple fronts.

[youtube://http://www.youtube.com/watch?v=edLhkzAynY4 450 300]

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