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There's no Status Quo at Facebook as the share price continues to fall and panic sets in to such an extent that CEO Mark Zuckerberg, in a belated attempt to stabilise the situation, has been forced to declare that he won't be selling any of his hundreds of millions of company shares in November when the lock-up period ends. Martyn Warwick reports. (0)
News added Over 6 months in TelecomTV One by TelecomTV One
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On Friday, the last day of trading before the Labor Day holiday and long weekend in the US, Facebook shares fell to their lowest level yet - US$18.06. The value of the social networking site has fallen by $50 BILLION in three months and now people are casting around for an individual to blame. The spotlight is falling on Facebook's little-known and even less-visible CFO. Martyn Warwick reports. (1)
News added Over 6 months in TelecomTV One by TelecomTV One
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One of the biggest shareholder advisor organisations in the US says Mark Zuckerberg is a textbook example of hubris in action in regard to the upcoming partial IPO of the social networking site Facebook. Martyn Warwick reports. (1)
News added Over 6 months in TelecomTV One by TelecomTV One
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Remember all the hoo-hah about the imminent public floatation of Groupon and how it was going to be one of THE events of the year and yet more evidence that dot.com companies are back in favour with investors? It was all just more hot air, smoke and mirrors, as Martyn Warwick reports. (1)
News added Over 6 months in TelecomTV One by TelecomTV One
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Following the news that Facebook is postponing its long-awaited flotation until late next year at the earliest, some of the reasons why the company has so suddenly thrown the hype-machine into emergency reverse are becoming apparent. Word has it that senior Facebook execs got the wind up when sales targets were missed and unique visitor numbers flatlined and then declined. Martyn Warwick reports. (0)
News added Over 6 months in TelecomTV One by TelecomTV One
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Avaya, the enterprise network, telephony, call centre and enterprise unified communications outfit is to go to IPO to raise US$1 billion by selling off 20 per cent of the company. It's yet more evidence that the pump puffing up the second tech bubble is working overtime. Martyn Warwick reports. (0)
News added Over 6 months in TelecomTV One by TelecomTV One