Each year, 24/7 Wall St. identifies 10 important American brands that we predict are going to disappear within a year. This year’s list reflects the brutally competitive nature of certain industries and the reason why companies cannot afford to fall behind in efficiency, innovation or financing. American Airlines will disappear in 2013 because of its inefficiency. It was the premier ... Read More »
Facebook Going Down, Down and Down
Looks like there is no end to this. Facebook stocks continue to hit new lows everyday. We guess it could be because investors still can’t find the magic number for which Facebook is worth paying. Shares of Facebook dropped and closed on a new low on Wednesday. It dropped nearly 2.3 percent than the previous day and closed at $28.19. ... Read More »
Mark Zuckerberg Falls Off Top Billionaires
Facebook CEO Mark Zuckerberg will not be a happy man, he has dropped off the top 40 billionaires in the world. What happened? Facebook IPO happened. Facebook has been in constant criticism and controversy since it went public on May 18. All this has been affecting it’s performance in the index with the stock closing the lowest on Tuesday at ... Read More »
Investor Sues Nasdaq for Inflating Facebook Stocks
Nasdaq has been sued by an investor who believes that the exchange was ignorant in handling the Facebook stock and allowed the shares to be inflated which ultimately resulted in huge losses for the investors. Phillip Goldberg, a Maryland resident, is seeking class-action status on behalf of all investors who lost money because Nasdaq delayed or otherwise mishandled their buy, ... Read More »
Facebook Stock Continues To Fizzle
The Facebook IPO was the biggest news for the past 5 months, with all the preparations, the hype and the valuations. Everything seems to have died out on the day Facebook stocks hit the trading floor. It just wasn’t enough. People really were not interested in buying Facebook stocks. What went wrong? After the passing clouds of MySpace, Friendster, etc., ... Read More »
8 Once Great Tech Companies That are Now Struggling to Survive
Companies that were once the pioneers in their fields spearheading the field of technology and electronics with their innovation, manufacturing unmatched gadgets that were in high demand, reporting profits that attracts envy from every other company who are now struggling to just stand-up. Thanks to new and emerging technologies companies that failed to quickly adapt them have been falling back ... Read More »