Facebook's value slides $10 billion....!!!!!
Investors wiped $10 billion off the value of Facebook Inc on Friday, taking the recently listed shares to a new low, after the social network offered no forecast and analysts said mobile investments would put future earnings under pressure.
The 17 percent slide in the shares took Facebook's market capitalization to $48 billion, half its IPO launch value of $100 billion in May.
The latest slide cost CEO Mark Zuckerberg, the 28-year-old who founded Facebook in his Harvard dorm room, around $2.3 billion, based on his shareholding. The social network just beat revenue expectations on Thursday in its first quarterly earnings but the company failed to reassure investors about its future prospects.
"Facebook has established itself as an Internet utility but it might take a while for Facebook to gain Wall Street love," Citi Investment Research analysts said in a note.
Investors worried about how the social network would make money from mobile advertising had hoped that the company would signal that revenue growth was picking up. The shares have shed around 40 percent of their value since the company's ill-starred debut at $38 on May 18.
They fell to a record low $22.28 in morning trading on Friday before recovering a little to $23.03. It was far and away the most heavily traded stock, with 52 million changing hands.
The 17 percent slide in the shares took Facebook's market capitalization to $48 billion, half its IPO launch value of $100 billion in May.
The latest slide cost CEO Mark Zuckerberg, the 28-year-old who founded Facebook in his Harvard dorm room, around $2.3 billion, based on his shareholding. The social network just beat revenue expectations on Thursday in its first quarterly earnings but the company failed to reassure investors about its future prospects.
"Facebook has established itself as an Internet utility but it might take a while for Facebook to gain Wall Street love," Citi Investment Research analysts said in a note.
Investors worried about how the social network would make money from mobile advertising had hoped that the company would signal that revenue growth was picking up. The shares have shed around 40 percent of their value since the company's ill-starred debut at $38 on May 18.
They fell to a record low $22.28 in morning trading on Friday before recovering a little to $23.03. It was far and away the most heavily traded stock, with 52 million changing hands.
Samsung ships 52.1 million smartphones in Q2, doubles iPhone
Samsung's total second-quarter shipments dwarfed Apple's, according to new data from Juniper Research.
The research firm reported today that during the second quarter, Samsung shipped 52.1 million smartphones worldwide, doubling Apple's 26 million tally. Samsung's shipments also easily outpaced RIM's BlackBerry, which could only muster 7.4 million shipments during the period. Nokia shipped 10.2 million smartphones worldwide, according to Juniper.
But before we go too far with the Samsung-killing-Apple rhetoric, it's important to point out that the "shipments" Juniper is citing for the iPhone are actually sales. Shipments, on the other hand, do not necessarily mean that all devices are sold. In Apple's case, all of the so-called "shipments" by Juniper were actually sales.
Still, it's hard to doubt Samsung in the mobile market. Over the last several quarters, the companies have been flip-flopping over which would take the lead. Back in the third quarter of 2011, Samsung nabbed the top spot with 23.6 million smartphones shipped. In the fourth quarter, Apple took the lead with 25 percent market share. In the first quarter, Samsung regained the crown.
The success and competition between the companies have extended into the courtroom, as well. Both Samsung and Apple have charged the other with patent infringement in both smartphones and tablets. Both companies are vying to have their opponent's devices banned from sale. Whether one company will eventually secure a definitive victory, however, remains to be seen.
According to Juniper, the worldwide smartphone market is growing quite rapidly. Last quarter, 132.9 million smartphones shipped, up from 105.2 million in the same period last year.
The research firm reported today that during the second quarter, Samsung shipped 52.1 million smartphones worldwide, doubling Apple's 26 million tally. Samsung's shipments also easily outpaced RIM's BlackBerry, which could only muster 7.4 million shipments during the period. Nokia shipped 10.2 million smartphones worldwide, according to Juniper.
But before we go too far with the Samsung-killing-Apple rhetoric, it's important to point out that the "shipments" Juniper is citing for the iPhone are actually sales. Shipments, on the other hand, do not necessarily mean that all devices are sold. In Apple's case, all of the so-called "shipments" by Juniper were actually sales.
Still, it's hard to doubt Samsung in the mobile market. Over the last several quarters, the companies have been flip-flopping over which would take the lead. Back in the third quarter of 2011, Samsung nabbed the top spot with 23.6 million smartphones shipped. In the fourth quarter, Apple took the lead with 25 percent market share. In the first quarter, Samsung regained the crown.
The success and competition between the companies have extended into the courtroom, as well. Both Samsung and Apple have charged the other with patent infringement in both smartphones and tablets. Both companies are vying to have their opponent's devices banned from sale. Whether one company will eventually secure a definitive victory, however, remains to be seen.
According to Juniper, the worldwide smartphone market is growing quite rapidly. Last quarter, 132.9 million smartphones shipped, up from 105.2 million in the same period last year.
Who needs a PC to transfer files via USB?
Ok this is an awesome concept I came across today and I felt like sharing it with you guys.
Traditionally, if you wish to move data from one Pen Drive to another, you need an intermediate computer to perform this task and you need to connect the two pen drives to two different USB ports on the same system. So the biggest problem here is the dependence on a machine. An alternative to this is using cloud services but in a country like India or infact considering the case of large files to be transferred, this method is highly ineffective.
U Transfer is a brand new idea which serves a replacement of these systems and eliminates the middle necessity, that is the computer, from this system. Hence, you can easily transfer data from one USB to another using this small device.
Also it has a small touchscreen attached to it which enables you to monitor the files you which to transfer and also browse the folders(contents) of your USB Stick.
Traditionally, if you wish to move data from one Pen Drive to another, you need an intermediate computer to perform this task and you need to connect the two pen drives to two different USB ports on the same system. So the biggest problem here is the dependence on a machine. An alternative to this is using cloud services but in a country like India or infact considering the case of large files to be transferred, this method is highly ineffective.
U Transfer is a brand new idea which serves a replacement of these systems and eliminates the middle necessity, that is the computer, from this system. Hence, you can easily transfer data from one USB to another using this small device.
Also it has a small touchscreen attached to it which enables you to monitor the files you which to transfer and also browse the folders(contents) of your USB Stick.