Shattered RIM, Blackberry Teeters on Its Hinges

Shattered RIM

RIM recently reported a net loss of $0.37 per share, sales decline of 42%, the layoff of 5,000 employees before EOY, and a delay of Blackberry OS 10.  The company lost $518MM and shipped 41% fewer devices.  If you ask RIM, better days are just on the horizon, but I think we've all heard this story again, and again.  However, with no viable strategy for the future - its only a matter of time until the whole thing comes down tumbling down. … [Read more...]

Facebook Buys Instagram for $1 Billion, Whoa!

Facebook Buys Instagram

In probably one of the quickest and most surprising purchases of the year, Facebook just bought the mobile photo sharing application, Instagram, for $1 Billion in cash and stock.  The 30 Million Instagram users preferred the apps seamless photo sharing functionality over the Facebook application.  Facebook brass thinks so too. Wow. … [Read more...]

New Groupon Deal of the Day: Groupon and Andrew Mason Ass Kicking for only $6 Billion

Groupon Deal

  Five months after going public, Groupon's stock price is trading at scrutinizingly low prices due to improperly allocating funds for Q4 refunds.  Today, the company had to reduce it's reported revenue by another 3%, which prompted their stock price to slump an 13%.  Needless to say they are under scrutiny by the SEC.  Especially because of this new deal they are running, Groupon is issuing a Groupon on itself - 54% off!  Only $6 Billion! … [Read more...]