Monday Grok: Facebook IPO — not everyone’s as greedy as a Wall Street underwriter
In the last 72 hours Mark Zuckerberg made a hero of his bank manager and an honest woman of his wife. That’s a hell of a weekend.
In the last 72 hours Mark Zuckerberg made a hero of his bank manager and an honest woman of his wife. That’s a hell of a weekend.
It seems like we are always dissing on Google. But not today. The search engine giant is about to roll out Knowledge Graph — a semantic Web solution — and the all the portents are good. Excellent in fact.
Groupon released its latest financial results for its most recent quarter, and the headline numbers look great. They look stunning in fact. A cynic might suggest they are almost too good to be true. It went from a $146.5 million loss in the corresponding quarter last year to an $11.7 loss this quarter in this latest result.*
Google, according to a jury, violated Oracle’s copyright but it hasn’t been able to decide whether Google overstepped the fair use provisions of the law. And we are still waiting for the fat lady to sing. Indeed, she’s just getting warmed up.
Yahoo may well ditch its CEO, Scott Thomson, by the end of this week — assuming he lasts that long. Activist shareholder Daniel Loeb discovered that Thomson had padded (a polite term for ‘lied about’) his computer science qualifications when joining Yahoo. That padding (lying) had been going on for years, as it now transpires.
Google just can’t help itself. It’s like a drunk stumbling into a bar, or a junkie with his bony fingers clamped tightly around a fresh new 50 dollar note. The search engine giant seems determined to self-immolate. Forget about anti-trust for the time being, we’re talking instead about the debasement of its core product.
Australian software consumers have been getting royally corn holed by vendors like Microsoft and Adobe for years and still are. There’s one simple reason why the suppliers price gouge — because they can.
The dotcom sector is blitzing it. Apple, Amazon, Facebook and Zinga have all reported this week, and while commentary has been a little mixed around some of the results, the reality is that the view from the cockpit of the helicopter is spectacular.
The universe is expanding. You wouldn’t know it though, as it’s hard to see a bubble expanding from the inside out. But it's an interesting phenomenon, at least right up until the moment when the membrane breaks.
There’s an interesting and typically uncomfortable story published this morning in the Guardian by journalist James Bell where he investigated what information Facebook and Google hold on him.
It is a little reported side effect of the Apple and Samsung patent stoush that it has engorged the bank balance of technology publishers the world over due to its appeal to those fat, hungry Google spiders.
In between project meetings, arguments with angry stakeholders, irrational budget discussions and all those day-to-day spot fires that make up the working moment of a typical CIO, it’s reassuring to know that there’s still plenty of time to tweet.
Groupon is a crock. Its business model is deeply flawed and the numbers spat out by its accounting department are so rubbery you could bounce cheques off them. For the third time in less than two years, and barely six months after its IPO, the company has been forced, again, to acknowledge some shabby accounting practices.
Some days are diamonds. And some days those diamonds are the size of Jupiter. The story which unfolded around the Girls Around Me app in recent days highlights both the best and worst of the net sector.
Apple is selling iPads faster than people are being born.* Three million in the first three days — proving once again that Samsung along with all the other tablet makers are still just pretending.