When the HTC First was released in early 2013, critics scoffed at the idea of a so-called “Facebook Phone”. It didn’t help that the product appeared half-baked – and many considered it to be Facebook’s first flop. AT&T quietly dropped the phone from its offerings mere months after launch. Today’s announcement of Facebook’s $19B acquisition of… Continue reading Unbundling @Facebook: what the Whatsapp acquisition tells us about Facebook’s mobile strategy
Justin Kan, a YC alum and now part-time partner, posted his thoughts on why Zynga’s acquisition of OMGPOP makes sense. I commented with a couple of thoughts of my own: 1) There is probably a significant overlap in the DAU for Zynga and Draw Something, so doubling would be somewhat of an overstatement. Completely agree, however,… Continue reading Zynga + OMGPOP?
New York Magazine recently published a feature on the state of New York’s finance industry, somberly titled The End of Wall Street As They Knew It. Much of the article focused on how new regulations, such as Dodd-Frank and Durbin, have dramatically changed how investment banks can continue to operate. At the boom’s peak, banks like… Continue reading End of an Era
I hope that everyone’s recovered a little from last week’s Facebook S-1 tizzy. I thought about writing a blog post about the filing, but realized that everyone and their mom has already done that for us. As John Battelle said, Not since Google’s 2004 filing have so many journalists sped-read one document at the same… Continue reading Facebook S-1 Round-up
inothernews: Demand Media Offering price: $17 Tuesday’s closing price: $6.85 Current market value: $574 million Groupon Offering price: $20 Wednesday’s closing price: $16.96 Current market value: $10.82 billion LinkedIn Offering price: $45 Wednesday’s closing price: $66.00 Current market value: $6.36 billion Pandora Offering price: $16 Wednesday’s closing price: $10.51 Current market value: $1.69 billion Renren… Continue reading Via the New York Times, here are some “notable technology IPO’s this year,” and their standing as of market close on Tuesday / Wednesday:
Earn Success Every Day Barclays Capital, company motto
Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor. You’d be a fool or a deluded idealist to think ethics would be prominent on Wall Street. That is not a statement against people in the money business, just a fact.… Continue reading