Posted in Investing, Net News

After the biggest stock market sell-off in history, what’s next for Facebook? 

 

After the biggest stock market sell-off in history, what’s next for Facebook?

Social media giant posts big profit, but other numbers show potential long-term problems

Pete Evans · CBC News · Posted: Jul 28, 2018 4:00 AM ET | Last Updated: July 28

Facebook still earns massive profits, but the company learned a harsh lesson this week about managing investor expectations.

When Facebook posted its quarterly results on Wednesday, the stock market sell-off that followed was dramatic.

By the time the market closed the next day, the company had lost $100 billion in shareholder value.

It was the biggest sell-off in Wall Street history.

A market meltdown like that inevitably left the company’s investors wondering “What’s next for Facebook?”

 *Facebook should be liable for ‘fake news,’ British lawmakers say

*In privacy fight, we’re asking Facebook the wrong questions

After all, it wasn’t a set of ugly numbers that sent investors to the exit. The company still made gobs of money — more than $5 billion in profit, in fact. But the sell-off was sparked by fears that the endless growth may soon come to an end.

To Ramona Pringle, a CBC columnist and media professor at Ryerson University in Toronto, the company’s main problem is the same one that has felled many of its technological ancestors — you’re cool, until you’re not.

And to young people at least, the world’s biggest social media company is decidedly not.

“Talk to anyone under 22,” she says, “and they’re not on Facebook.”

FINISH READING: After the biggest stock market sell-off in history, what’s next for Facebook? | CBC






 

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Posted in Advertising, MADISON AVENUE

THE BULL AND THE GIRL

WALL STREET BULL AND FEARLESS GIRL

The girl did not stare the bull down and the bull did not stare the girl down.

They both recognized each other as equally worthy.

Continue reading “THE BULL AND THE GIRL”

Posted in Investing, Net News

Twitter (TWTR) Increases Character Limit for Tweets to 280

Twitter (TWTR) Increases Character Limit for Tweets to 280

Zacks Equity Research November 10, 2017

Recently, Twitter Inc. (TWTRFree Report) rolled out a 280-character limit for tweets, doubling it from the traditional 140 limit, in an attempt to make tweeting easier for people and to enable them to express more in a tweet.

The company has been testing the feature in a small group of users since September.

The character expansion has been made across all languages except Chinese, Korean and Japanese. Per Twitter, these three Asian languages convey more information in a single character compared to others and that is why they have not been considered for the increase.

Notably, shares of Twitter have gained 22.1% year-to-date, underperforming the industry’s gain of 28.5%.

Twitter (TWTR) rolls out a 280-character limit for tweets in order to enable users better express themselves…

Finish reading: Twitter (TWTR) Increases Character Limit for Tweets to 280






 

Posted in Investing

TerraVia Files for Bankruptcy – Announces Sale of Substantially All of Its Assets Subject to Competitive Bidding Process

TerraVia Holdings Files for Bankruptcy; Announces Sale of Substantially All of Its Assets Subject to Competitive Bidding Process


3:59 am ET August 2, 2017 (Benzinga) 

TerraVia Holdings, Inc. (NASDAQ: TVIA) announced today that it has entered into a “stalking horse” stock and asset purchase agreement with Corbion N.V., a Netherlands-based global leader in food ingredients and biobased technologies, to acquire substantially all of TerraVia’s assets in a sale process under Section 363 of the Bankruptcy Code.

The purchase agreement provides TerraVia with a binding bid of $20 million in cash along with the assumption of certain liabilities, which is subject to higher or otherwise better offers. As part of the transaction, Corbion will be assuming the ongoing financial obligations of the business and its joint venture ownership, therefore the total financial commitment is expected to be in excess of the cash purchase price. Through this proposed transaction, TerraVia employees, who bring with them a wide range of highly valued skills and expertise, together with its customers, have an opportunity to benefit from joining a global leader in its markets.

To facilitate its competitive transaction process, TerraVia and its wholly owned U.S. subsidiaries have filed voluntary petitions for reorganization under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) under the Case number 17-11655. Additional information can be found at http://www.kccllc.net/TerraVia.

In addition, TerraVia also announced that it has received a commitment for debtor-in-possession (DIP) financing from holders of approximately 63% of the outstanding principal amount of its senior unsecured convertible notes. The DIP financing will be used to finance the working capital needs of TerraVia’s business through the completion of the sale transaction and to support payments to vendors for post-petition purchases in the ordinary course.

The DIP financing announced today provides the necessary financing to support continued operations and TerraVia’s ability to service customer demand, while the Section 363 bankruptcy restructuring process provides the tools to execute an expedited and orderly strategic transaction. This process will create a level playing field for all interested bidders to compete to provide the highest or otherwise best offer for certain or all of TerraVia’s assets.

Pursuant to section 363 of the Bankruptcy Code, TerraVia intends to implement bidding procedures to allow other qualified bidders the opportunity to submit bids through a court-supervised process to purchase certain or all of the assets being sold.
TerraVia anticipates that a sale will be completed within 60 to 90 days.
Rothschild Inc. is acting as TerraVia’s financial advisor and investment banker to lead the sales process under the bid procedures and Davis Polk & Wardwell LLP is acting as restructuring and corporate counsel to TerraVia.


For more information > http://www.kccllc.net/TerraVia






 

Posted in Advertising, Investing, Net News, Sharon-Style Endorsements

Google CEO Sundar Pichai: ‘thousands of calls’ on YouTube boycott

Google was forced to make an all-out public relations push after big advertisers complained their ads ran next to objectionable YouTube videos.

Google made ‘thousands of calls’ to prevent advertisers from boycotting YouTube

  • Google execs were forced to make “thousands and thousands” of calls to calm nervous YouTube advertisers
  • Effort came after some big brand advertisers threatened a boycott
  • Uproar began after big-name brand ads found next to objectionable YouTube videos
Michael Newberg | CNBC
Susan Wojcicki, CEO of YouTube.

An uproar that began with hate speech on YouTube was quelled only after a major charm offensive by Google.

The Internet giant was forced to make an all-out public relations push in recent weeks to reassure big advertisers after some well-known brands had their ads placed next to objectionable content on its video service, Google CEO Sundar Pichai said late Thursday.

In an effort led by chief business officer Phillip Schindler, the company reached out to calm “thousands and thousands” of YouTube clients nervous that their brands might be next to suffer the same embarrassment, Pichai said on a conference call with Wall Street analysts after the company’s Q2 earnings report on Thursday.

The effort came after a slew of well-known brands, including McDonald’s, Audi and AT&T, said they would temporarily suspend advertising on YouTube after the Times of London discovered ads placed next to racist, sexist and xenophobic content.

The uproar caused at least one financial analyst to downgrade the company’s shares…

Finish reading: Google CEO Sundar Pichai: ‘thousands of calls’ on YouTube boycott


AFP Comment: Hey, what’s good for one is good for the other. Maybe we should ask those You Tube people if they want the ads of McDonald’s, Audi, AT&T and others placed next to their videos. I’ve seen some pretty horrible stuff placed next to my posts and I have no control over it. That’s not fair. Word Press always says they can’t control it, so how is it that You Tube can?

The point isn’t to get an upgrade and pay for not having the ads placed next to your stuff. The random practice of placing ads plus the purposeful practice of placing ads next to people you want to bump out or compete with are the problems with ad placement.

Think about this, who in their right mind would want to put foot fungus and pus-dripping enlarged eyeballs or Oprah Winfrey (the multibillionaire who can’t stop crying in public) beside and beneath the same posts with food pictures? It’s grotesque and used to not only sell a product (even though no one likely knows what the product is), but to encourage people to look away from the writer’s post at something putrid. It’s an assault of the writer’s brand. It doesn’t even have to be about the ad agency or the company it represents selling foot fungus products.

No one is going to want to make a recipe that has foot fungus images attached to it. It’s a disgusting trick that ad people use. They blow off your post and make the image so disgusting that people can’t help but click on the ad just to see what’s on the other side.

Equally disgusting is the financial analyst who downgraded You Tube’s shares because the big companies didn’t like where their ads were being placed. Yeah right. They didn’t like it, but they engage in the very same tactics. And who tattled? Oh! A Brit! No surprise there. It probably was British Secret Intelligence Service (what are they called MI6?) having a bland afternoon and decided to stir the stink.

So what is a person to do? What does the person who is not a big company nor even a little company do with all those thorns in their sides, put there by unscrupulous companies and ad agencies?

Follow this thread and you’ll be seeing soon enough. I don’t know much about Audi, but I have a lot to say about McDonald’s and AT&T.






 

Posted in Advertising, Investing, MADISON AVENUE

I WANT AN ANIMAL-FREE MALL

MALL SKETCH

I WANT AN ANIMAL-FREE MALL

That’s right. A mall. Animal-free. A big one. With lots of glitter and big lights. With every kind of shop. Grocery, bakery, deli, shoe store, pet supply shop, clothes, hair salon using only cruelty-free products, and on and on, restaurants too. Good ones. I have a vision. And it’s a nice one. No fur, no leather, no skins, and those who enter must wear all animal-free attire. This place has rules. No cruelty here. Yes, that’s right. That’s what I want. A happy place too. No vegetarian snobbery. There’s no place for arrogance in the animal-free world of Sharon Lee. No suffering looks on the faces of people who feel they’re being deprived.

Now that I mention it, I see that on a lot of vegetarian faces. Faces that still have Big Mac lines on them, so it’s not the deprivation causing the look. But it’s there. Maybe it’s the prejudice and discrimination directed at such folks that makes them so unhappy, especially when they’re doing something so right.

It’s okay to have fun while you do what’s right. It’s okay to laugh. God, my God, wants happiness. Every burst of laughter coming from one of It’s animal’s mouths delight’s It to no end. That’s one more frown It doesn’t have to turn upside down. So, laugh. Have fun. Enjoy your life. Just don’t kill the animals. That’s all. Not a lot to ask. And don’t participate by eating the catches of other people. If you do, try harder next time, till you get it right. I’m tired and sick and fed up and depressed (that doesn’t mean I’m not happy) over walking down the aisles of death in every supermarket in the world.

I’m offended and pained at being forced to view and smell the tortured, dismembered bodies of my animal friends. When is it all going to end? Entrepreneurs is what we need. Animal-free entrepreneurs. People with dreams. Big ones. Investors with money that flows in a cruelty-free world. Not just the small, never grow any bigger, shops sprouting up here and there. Though that’s a start and we have to start somewhere, so we’ll support them too. But bigger stores, and big chains of every conceivable market transformed into animal-free.

Fast food. Animal-Free Chefs. Veggie Burgers. Veggie Deli’s. Veggie Pizza Parlors. No animals nor animal products. Veggie cheese. Plant meats that taste like baloney, ham and turkey, but without the suffering. We don’t need featherless chickens; we need to free the chicken. International animal-free cuisines. I’m tired of having my animal-free products supplied by purveyors of torture. Why should I have to eat my vegetarian meal in a slaughterhouse? Why should I have to buy my clothes at a slaughterhouse? Aren’t you sick of it too? Being given your little vegetarian or vegan corner of somebody else’s house of cruelty? Just to satisfy a small segment of the market? Small segment?

Well, it wouldn’t be so small if more animal-free entrepreneurs with big ideas and big investors gave people what they really wanted: a cruelty-free world, which means a cruelty-free shopping mall. We could do it if we’d stop thinking so small. Big. Think big. Demand big. Stop trying to get your animal-free products in slaughterhouses. How absurd. Build your own stores. Start small if you want, but grow, by golly, grow. Give the people what they want before they ask for it. You know what people want. You’ve been silent too long. Too complacent. Okay, ‘I guess I’ll take whatever vegetarian crumbs they throw my way’ type of silence.

Plan the future. Make the future. See the future through God’s eyes. See big. See beautiful. I want an animal-free shopping mall. And then another, and another till we put the slaughterhouse malls out of business. Till we close the doors on the business of cruelty. I want an animal-free mall. And, I know you want it too. One for all people–and all other animals too. No zoo here, but a place where our animals can come shopping with us. Day care, mall care, for our furry family members while we shop. A mall with style, flair, with sparkle and bright lights. I can see it. I know you can too. Cause I’m looking through God’s eyes now and so are you.


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Posted in Net News

Why I’m Bullish on “The Robot Revolution”

Every time pundits warn us that technology will swamp job creation, they are proved wrong.

In 1962, President John F. Kennedy openly fretted about how we would “maintain full employment at a time when automation is replacing men.”

At the time, total U.S. employment was 55 million. Today it is 144 million.

The lesson here? People and businesses adapt. They always have. They always will.

Embrace – better yet, invest in – the Robot Revolution. If you’re interested, there’s even an ETF devoted to the idea: ROBO Global Robotics and Automation Index ETF (Nasdaq: ROBO)…

Read More: Why I’m Bullish on “The Robot Revolution” 






Posted in Net News

Inventively, PETA became a shareholder in Hermès to confront it about its use of exotic skins

Last June, the animal rights group People for the Ethical Treatment of Animals (PETA) released the gruesome details of an investigation into farms in the US and Zimbabwe that were cutting crocodiles and alligators open while still alive to harvest their highly valued skins. Those skins, it says, were destined for French luxury house Hermès. (The brand didn’t deny the charges, but called it an “isolated irregularity” missed by audits designed to prevent such practices.)

About a month later, to put pressure on the company to stop using such suppliers, PETA employed an unusual tactic: The group, known for its showy protests, bought shares of Hermès International on the Paris stock exchange to voice its views as an Hermès shareholder.

Yesterday (May 31), PETA showed exactly how it is putting those shares to use. PETA representatives attended the Hermès annual shareholders’ meeting in Paris, and the animal rights group used the opportunity to publicly confront Hermès CEO Axel Dumas.

In front of hundreds of shareholders and the press, a PETA France spokeswoman, Isabelle Goetz, read out allegations of cruelty to animals. “Will Hermès some day stop using exotic skins?” she asked Dumas and other board members, according to AFP.

 

Finish reading: Inventively, PETA became a shareholder in Hermès to confront it about its use of exotic skins — Quartz