Why Facebook still doesn't look cheap
If you were thinking of picking up a few shares of Facebook last week, when it went public at a price of $38, you might be seriously tempted now that the stock has fallen $7 in two days.
Take-Two 4Q loss triples but sales beat forecast Take-Two Interactive Software Inc. said Tuesday that its fourth-quarter net loss more than tripled as revenue fell and the video game maker failed to repeat the success of "Red Dead Redemption" from a year ago. Funds with Facebook hammered as proxy by shorts (Reuters) - Some investment funds have paid a price for their friendship with Facebook since the social networking giant went public last week. Firsthand Technology Value Fund and GSV Capital Corp, two closed-end funds that bought shares of the social media company before the IPO, have taken a beating, used as proxies for betting against Facebook. "Until investors can actually short Facebook, they have to keep shorting things that can give them some sort of proxy for Facebook," said Thomas Vandeventer, manager of the Tocqueville Opportunity Fund, which owns shares in both closed-end funds. ... Award-winning Chevy Volt commercial proves electric hybrids will keep you safe from zombies For all the faults of electric vehicles (in general), the Chevy Volt does have some pretty good selling points. It was named North American Car of the Year, 2010. Its selling price of $31,645 is pretty good for an EV, and the … Continue reading → SAP to buy Ariba for $4.5B, extending cloud push Business software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion. The Secret Celebrities on SpaceX The SpaceX Falcon 9 rocket carries some extra cargo: the cremated ashes of 300 souls. They include James Doohan (Scotty of 'Star Trek' fame) and Gordon Cooper, one of the original Mercury 7 astronauts.
 
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