A poll taken by AP-CNBC showed that almost half of active investors think that Twitter is a bad buy.
Consumer Web/Social Media
Garantia Data changes name to RedisDB – acquires USD9 million in funds
Garantia Data had renamed itself to RedisDB, following a USD9 million investment round. Aside from acquiring USD9 million in funds, Garantia Data had changed its name to RedisDB.
Dropbox acquires Sold for USD1.2 million
After seven months since its launch, Sold announced it had been purchased by Dropbox for USD1.2 million.
Twitter ups share price range to between USD23 and USD25 per share
Twitter reprices its IPO shares to USD23 and USD25 per share, pegging the volume price at USD1.75 billion.
Financial advisers make use of social media for business
Social media is utilized by financial advisers to connect with managers and prospective clients. In a report by Zurich Financial Services Australia, the number of financial advisers using social media has increased.
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MediaSpike raised USD5.2 million from investors for the placement of ads in mobile and social games.
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said.
Both Wall Street and Silicon Valley await how the market responds to Twitter's IPO. Twitter's IPO is not just about shares held by investors and employees.
With two mainland China IPOs oversubscribed, consumer confidence indicates greater trust in new IPO shares.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, is aiming to launch its initial public offering in the week of Dec.
A group of technology companies including Microsoft and Apple claimed Google had infringed one of their patents it had obtained by bankrupt mobile company Nortel.
An average investor would not stand a chance, unlike big-money investors, to acquire a significant stake in Twitter on its IPO.
Not many industry observers were convinced that Twitter could support its hyped company valuation pre-IPO.
Walmart decided to offer its holiday deals early in anticipation for holiday shopping season. According to a Reuters reports, retailers in the US faced the shortest holiday in the past few years to prepare for customers' demands.
