Now at $38.

Disaster.

Nice 12% pop for FB.

Nasdaq ipo cross is indicating Facebook to open at $45.

Here is a revenue stream $FB is trying out. Pay to ensure your post does not get lost in the news feed. All your friends will see your must read post of nose picking taking a dump folly comments.

Full article

“Details continue to emerge regarding JP Morgan’s shocking multi-billion trading losses.

However, the biggest behind-the-scenes report so far was just published by The Wall Street Journal and written by Monica Langley.

Here’s how Dimon first found out about the losses:”

Full article

Shortly after the close, FB’s 421.1 mln share IPO priced at $38, which is at the high end of the $34-$38 expected price range, to raise gross proceeds of about $16 bln. FB had raised the amount of shares to 421.1 mln from 337.4 mln, and also increased the expected price range to $34-$38 from $28-$35. The lead underwriters on the deal were Morgan Stanley, JP Morgan, and Goldman Sachs.

FB is the world’s largest social networking company. FB has unprecedented reach with over 900 mln MAUs, and penetrating an astounding 10% of the world’s population. It generates its revenue from two primary means: advertising (~88% of rev) and from fees associated with its Payments infrastructure (~12% of rev) that enables users to purchase virtual and digital goods from third party developers. At the moment, essentially all of the revenue generated in this business comes from sales of virtual goods used in social games, most notably from Zynga (ZNGA). Opening up its Payments business to other product & service providers, besides games, is one of FB’s most important growth strategies going forward.

Mobile, of course, is another focal-point for the company and represents an area of significant growth potential. Mobile Monthly Active Users (MAUs) have been growing rapidly, increasing by 69% year/year to 488 million as of March 31, 2012. Its user growth is the good news. The not so good news is that FB has been pretty clear that monetizing this growing mobile base is not going to be easy. In fact, on May 10, in another amended filing, FB warned that “growth in mobile may negatively affect the company’s revenue and results.”

Looking at its financials, in FY11, FB’s rev increased by 88% y/y to $3.71 bln, after growing by 154% in the year before. The growth was fueled by a 39% increase in MAUs and a 48% boost to DAUs. Its operating income jumped by 70% to $1.76 bln. For its 1Q12, FB’s revenue was up 45% annually to $1.06 bln, but down 6% sequentially, and its operating income fell by 2% y/y to $381 mln. FB’s balance sheet is strong with cash & equivalents of $3.9 bln and no long term debt. In terms of valuation, FB’s $38/share pricing gives its a trailing P/S of roughly 28x and a P/E north of 100x.

“Hewlett-Packard Co. (HPQ) is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said.”

Full article

“Given the company’s horrible showing for the first quarter, the last thing MEMC Electronic Materials Inc. (NYSE: WFR) needed was to have a management shake-up. But that’s what the solar wafer maker got last night, when the company announced that its CFO was leaving MEMC to return to his previous firm, Praxair Inc. (NYSE: PX) as President of Praxair’s Surface Technology division.”

Full article

A hose in the power steering can leak over time and potentially cause a fire.

Full article 

“(Reuters) – It’s the biggest parlor game on Wall Street: Estimating how large JPMorgan Chase & Co’s (JPM.N) trading loss will be from a hedging strategy that went wrong.

The biggest U.S. bank by assets has already disclosed $2 billion of paper losses, and Chief Executive Jamie Dimon said it could lose another $1 billion or more.

The losses will grow, some traders say, because it appears JPMorgan has only sold a small portion of its position, ”

Full article

“(Reuters) – Sears Holdings Corp (SHLD.O) said on Thursday it plans to spin off a large part of its stake in its Canada unit, which Chairman Edward Lampert spent years trying to gain control of, to better focus on its U.S. business.

Separately, Sears Holdings reported a first-quarter adjusted operating loss that came in better than analysts’ estimates but revenues fell from a year ago.”

Full article

+25% for the day because Einhorn didn’t pan it during his Ira Sohn presentation today.

Related: AAPL surged during late day trading because Einhorn came out bullish.

Perhaps it will help with the losses.

Full article

Suits were file this am.

Full article

ARNA, CSCO, GE, JCP, TAXI, TGT, TQNT, AVGO, TUMI,

Full report

“(AP) NEW YORK – Activist investor Ralph Whitworth says his firm has taken a $600 million stake in PepsiCo Inc. (PEP), a move that could ramp up pressure on the company to make changes.”

Full article

“NEW YORK/SAN FRANCISCO (Reuters) – Facebook Inc will increase the size of its initial public offering by 25 percent, a source familiar with the matter said, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social networktrumps debate about the company’s long-term potential to make money.

Those concerns over revenue growth were underscored earlier on Tuesday, when General Motors said it planned to pull out of advertising on Facebook.”

Full article

The payout of $4.5 billion is the first since a suspension of payments in 2009.

Full article

“Royal Dutch Shell Plc (RDSA) and three Asian partners will jointly develop a liquefied natural gas export project in Canada’s British Columbia province and are in talks with local communities to win their support.”

Full article

Other companies have expressed concerns and are considering free ways to get their message out.

Full article