Displaying items by tag: IPO

Twitter, the popular microblogging service, during Thursday at 11 a.m. by the local time began public trading of its shares. Trade takes place on the New York Stock Exchange, under the symbol TWTR.

There was a lot going on in the stock market yesterday. Apple became one of the top companies in the world for a number that actually means nothing (Market Cap). The Market Capitalization of a company is the value of a single share multiplied by the number of tradable shares available. This gives the purchase price of market value of a company. In order for someone to buy out Apple they would have to come up with a staggering amount of money. However, that number still means nothing when it comes to the actual company and its “value”.

When Facebook decided to go public we had a feeling that is was a very ill-conceived idea and that their tendency to do things that their users and lawmakers do not like would come back to hurt them. On the days leading up to the IPO there was a flurry of activity while people tried to get stock that they felt was going to be a goldmine similar to Microsoft or even Apple. On the other hand there were a few more level headed people that remembered the secretive way Facebook does things and knew that it was only a matter of time before the stock tanked.

Wow, the rumors have started early; it seems that some people are trying to push the “Facebook is going to charge you” rumor again after the social networking company tried out a new “pay to promote” feature. This compiled with some recent purchases (and a change in the “data use” policy) has gotten the gears turning. The problem is that we highly doubt they will ever do that after considering there are much better ways to monetize their users.

Google has been competing with Facebook for a long time. This goes back to before the launch of their Google+ social networking service. We have honestly never bothered to see what the original reasons for the competition are since the two companies originally did not even operate in the same market space. Google is all about ads and Facebook is really all about gathering… Ah there it is. So now that we have hit the nail on the head so to speak let’s talk about this little rivalry along with some of the fun stuff that is rumored to be going on and that is really going on.