social media watch
Posted by Shirley Brady on February 1, 2012 06:09 PM
As highly, highly anticipated, Facebook filed today for an initial public offering of stock to raise $5 billion, the most for an web IPO since Google. Finally revealing a peek at its business drivers, highlights from its SEC filing include that Zynga accounted for 12% of Facebook revenue last year, when its net income and revenues were $1 billion on $3.71 billion.
The site's 845 million monthly active users (MAU) as of Dec. 31st include 179 million in North America (US and Canada); 212 million in Asia; 229 million in Europe; and 225 million in the rest of the world. FB, as its stock ticker will read, sees Brazil (which grew 268% last year, to 37 million MAU) and India (which grew 132% to 26 million last year) as key regions of growth. Its risk factors include mobile, government, slowing growth and Google+.Continue reading...
Posted by Dale Buss on January 31, 2012 09:03 AM
Apple hires Dixons CEO as new retail chief, while iPad sales propel Apple to top of PC market over HP. Apple patent challenger Samsung, meanwhile, faces EU inquiry.
AT&T names new strategy officer in management shuffle.
Bang & Olufsen debuts cheaper line of high-tech gadgets.
Belstaff brings luxury leather jackets to London and New York with dual flagships.
BSKyB to start movie service rivaling Netflix.
BlackBerry-maker RIM posts corporate governance report indicating why co-CEO role was scrapped.
Carrefour names yet another CEO in turnaround struggle.Continue reading...
Posted by Dale Buss on January 23, 2012 09:01 AM
ABC handles product placement delicately for Modern Family.
American Ethanol sponsors NASCAR drivers.
Apache makes $3-billion acquisition in U.S. oil business.
Apple raises "made-in-America" questions about iPhone manufacturing.
BlackBerry future questioned as RIM's new CEO takes the reins.
Carnival CEO lies low during crisis as his company mishandles communications with survivors of shipwreck.
Cisco tests LinkedIn marketing campaign.
Facebook wants to become a bigger news player.
Fisker battles problems across the EV company.Continue reading...
Posted by Dale Buss on January 6, 2012 09:03 AM
Apple reportedly plans in-store branded boutiques at Target, while the iPhone's new Siri feature is said to double mobile data usage.
Porsche and Volkswagen compensation claims increase, while VW closes market cap gap with Toyota and looks to expand in China and India.
Dunkin' Donuts gears up to double number of U.S. locations.
Alcoa is scaling back.
Audi is adding models to win more U.S. market share.
Baskin-Robbins to expand to Vietnam.Continue reading...
Posted by Mark J. Miller on January 5, 2012 01:09 PM
Having established itself as the leading brand in the daily-deal space, with its jaw-dropping IPO in November giving it the edge over LivingSocial, Groupon is committed to growing and innovating to return value to its shareholders. But it was dealt a blow Monday when a study was released that shows that businesses that have worked with Groupon aren’t planning to offer any new deals in the next six months, according to the San Francisco Chronicle.
As Forbes comments, Groupon may be chasing a $25 billion mirage unless it can cement its relationships with the businesses who form the backbone of its offers. Overall, the industry is expected to double to $4.17 billion by 2015, according to researcher BIA/Kelsey. However, the biggest challenge is that companies aren’t seeing the repeat business they expected from consumers who came in for earlier deals. That news has sent Groupon’s shares below its initial public offering price of $20 on Nov. 3rd.
While it isn’t good that half don’t want to offer a deal in the next six months, the survey did provide some good news as well for daily-deal services, a category that saw Google Offers launch last year: 80 percent of the survey's respondents were satisfied with daily-deal companies, the Chronicle reports.Continue reading...
Posted by Shirley Brady on January 3, 2012 05:41 PM
US auto sales for 2011 face boost by year-end holiday advertising, as global auto sales rise on Chinese demand.
Apple TV rumors generate biggest buzz heading into CES.
Bakon Vodka goes mobile.
Ben & Jerry's slated as first Facebook sponsored stories ad in users' newsfeed.
Benetton takes edgy Unhate campaign to Tripoli.
Bentley sells more cars in China than UK.
Better Business Bureau tops its own scams of the year list.
BlackBerry-maker RIM reportedly identifies replacement for co-chairmen as analysts fear the worst.Continue reading...
Posted by Dale Buss on December 15, 2011 09:04 AM
American Airlines cuts flights, says not related to bankrupcy filing.
Avon looks to a new CEO to reinvigorate culture.
Chevron and Transocean encounter government suit over oil spill in Brazil.
Clint Eastwood signs on for E! reality show with his family.
Facebook tests coupon ads; embraces clean power following Greenpeace pressure.
First Solar scales back as demand for solar panels slumps.
Ford promises its new hybrids will leap ahead of Prius in fuel efficiency.
Groupon gets faint IPO support from its underwriters.Continue reading...
Posted by Mark J. Miller on December 8, 2011 05:44 PM
Way back when, ABC’s Wide World of Sports featured an intro that intoned about how the show would cover “the thrill of victory and the agony of defeat,” which was partnered with the famous image of Slovenian ski jumper Vinko Bogataj sliding off the edge of the ramp wildly.
That’s what it must feel like to be a Wall Street trader on some days this fall as stocks have moved about wildly in search of whatever the “new normal” will be.
Online-coupon provider Groupon has certainly felt that heat as it had an IPO this fall that came out of the gate at $20 a share and quickly zoomed up to $26.11 by the end of the day. The ecstasy was short-lived, though, Groupon’s stock slid off the ramp all the way down to $15 and has regrouped and climbed back to more than $22. The company’s financial folks haven’t needed to use nail clippers for a bit, no doubt.
Groupon’s main competitor, LivingSocial, was gearing up for an IPO as well, but word this week is that it will be put off for the time being and LivingSocial will put its energy toward raising $400 million (based on a valuation of the company at $6 billion), Bloomberg reports. And $176 million of that has already been raised from both existing and new financial backers. Not too shabby.Continue reading...