According to multiple media sources, it is confirmed that the world’s largest social networking site, Facebook is going to file its paperwork for it’s to be called as “giant $100 billion” Initial Public Offering on coming Wednesday. Cited an unnamed source, Morgan Stanley is close to winning the IPO deal, while Goldman Sachs is expected to play a key role – according to the journal. The upcoming IPO – expected to raise $10 billion – would be a “trophy” for investment banks – resulting in a huge competition on Wall...
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Twitter, yesterday, announced through its blog post that it will limit the content on the micro-blogging site according to specified countries’ freedom of expression – giving an ability to reactively withhold content from users in a specific country – while keeping it available in the rest of the world. The company states last year that its instance goal is to connect people everywhere to what is most meaningful to them – some tweets may facilitate positive change in a repressed country, some make us laugh, some make us think...
The world’s largest social networking site, Facebook, as we know – is now coming with its “giant $100 billion” Initial Public Offering documentation on coming Wednesday, according to a report from the Wall Street Journal. Speculation of a Facebook IPO heightened this week after news reports of a halt in trading in the company’s privately-held shares on the secondary market, which was said to be a signal that the firm was about to file papers. Earlier also the reports states that the possible chances seem to be there that, Facebook’s...
The former Apple executive Jon Rubinstein has left Hewitt-Packard after completing his 12-24 months commitment tenure with the company, according to the commitment period agreed when HP acquired Palm. Rubinstein left Apple in 2006 and joined Roger McNamee as a partner in the private equity firm Elevation Partners, following its 2007 investments in Palm. HP spokeswoman Mylene Mangalindan said, Rubinstein is said to have no immediate plans, and had completed a 12-24 month commitment to stay with HP after the acquisition. “Jon has fulfilled...
Following the signing of Anti-Counterfeiting Trade Agreement (ACT) by Twenty-two states of European Union during the ceremony in Japan, which is considered to be somehow or even more effective than SOPA and PIPA – if came into existence in near future. The signing has yet to be ratified by EU commission and is scheduled to be debated in coming June. Following the signing, protesters sparked demonstrations both virtually and physically. Protesters rallied in the Polish cities of Poznan and Lublin to express their anger over the treaty....
Twitter recently announced in its blog post that to limit the content according to specified countries’ freedom of expression – the company added ability to reactively withhold content from users in a specific country – while keeping it available in the rest of the world. On the note of this, the micro-blogging site is facing a series of criticism from users across the world. The new system, which can filter tweets on a country-by-country basis and has already been incorporated into the site’s output, will not change Twitter’s...
The Workers’ Party in North Korea has issued the stern warning stating that any of its citizen if caught trying to defect to China or if found using mobile phones during Kim Jong-il 100-day mourning period will be declared as “war criminals” and will be punished accordingly. Kin Jong-il died on December 17 after suffering from a heart attack and in sigh of that North Korea is having the 100 days long mourning period. The worker’s party stated if any person who is caught in an attempt to flee the poverty and political oppression...
A day after a NY Times report stating harsh working conditions at Apple’s component suppliers in China. Apple CEO Tim Cook said the company cares about every worker in its supply chain and that any suggestion to the contrary was patently false and offensive in nature. Cook addressed the issues highlighting the report in an e-mail sent to employees today. The New York Times published a report that profiled hazardous factory conditions – recounted an explosion at a plant in Chengdu that killed four, focusing on the final months...
Twenty-two states of European Union have attended the ceremony in Japan and signed the Anti-Counterfeiting Trade Agreement (ACTA) on Thursday, January 26. An ACTA is a global treaty that is somehow similar to SOPA and PIPA – which try to normalize copyright protection and IP standards. Parliamentary Vice-Minister Nakano expressed his welcome for the signing on the Agreement by the EU and its Member States and stated that he was confident that this signing would create a further momentum towards early entry into the force and expansion...
South Korean Electronics Giant Samsung on Friday reported record earnings for the fourth quarter last year results with a 17% rise in profits in the final three months of 2011. Samsung recorded an operating profit of 5.3 trillion won, or approximately $4.72 billion USD, on sales of 47 trillion won, or approximately $42 billion USD. Samsung said that its Galaxy line of mobile devices drove up revenue for the year by almost 40% compared with the previous year. Despite tough competition from the iPhone maker Apple in the smartphone market,...
