Thursday, May 24, 2012

Facebook - Facebroke LoL!

Overpriced, Overvalued, Oversold...

guess who made the bucks:

Morgan Stanley, others make $100 million profit on Facebook trades: WSJ

Thu May 24, 2012 1:51am EDT
(Reuters) - Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter.
Facebook's listing, envisioned as a crowning moment for an eight-year-old company that has become a business and cultural phenomenon, has instead turned into a legal and public relations fiasco for the company and its lead underwriter, Morgan Stanley.
As a lead underwriter, Morgan Stanley would receive the largest chunk of those profits arising from stabilizing Facebook's stock price, the people told the Journal. These profits come on top of millions of dollars of IPO fees, according to the newspaper.

Monday, May 14, 2012

Wednesday, January 4, 2012

Time to Short???

Yes, No, or Maybe? LOL!

Thursday, September 22, 2011

Friday, July 1, 2011

Friday, June 24, 2011

Saturday, June 18, 2011

Curi-curi Wang Malaysia

Have you "Like" http://www.facebook.com/CuriCuriWangMalaysia?

By the way, literal translation of "Curi-curi Wang Malaysia" is "Stealing Malaysian Money" or kind of..


Malaysian Tourism Facebook Pages Spark Revolt
(Source: http://www.allfacebook.com/malaysian-tourism-facebook-pages-spark-revolt-2011-06)

Posted by David Cohen on June 17th, 2011 1:21 PM

Malaysian Tourism Minister Datuk Seri Dr Ng Yen Yen is facing a revolt — on Facebook, and over Facebook.

The Malaysian Insider reported that what started out as a social media campaign by some users who were critical of the ministry spending $593,000 (1.8 million ringgits) to manage its Facebook accounts mushroomed into protest page Curi-curi Wang Malaysia, tallying nearly 105,000 fans at the time of this post.

For comparison’s sake, the ministry’s official Facebook page, Tourism Malaysia, had less than 38,000 fans.

According to The Malaysian Insider, Deputy Tourism Minister James Dawos Mamit said in Parliament that $578,038 was spent to develop six Facebook pages to promote Malaysia’s tourism — $96,545 on each of the following six pages: Cuti-Cuti 1 Malaysia, Citrawarna 1Malaysia, Karnival Jualan Mega 1 Malaysia, Festival Pelancongan Seni Kontemporari 1 Malaysia, Kempen 1 Malaysia Bersih, and Fabulous Food 1 Malaysia.

Yen Yen countered that the money was spent for an “integrated social media campaign,” covering the cost of six campaigns over seven months, including contests and advertising on Google and Facebook, The Malaysian Insider reported.

The About information for Curi-curi Wang Malaysia reads:

LIKE this page. We can prove to government we no need to spend RM1.8M for a success fan page. We want our mismanaged money back! Please use English or Malay when posting for everyone can understand our voices. Keep this page clean from SPAM too, thanks!

And The Malaysian Insider reported that a post on the page’s wall said it attracted 19,705 fans within 24 hours of its launch and 65,870 in 48 hours.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said the Cabinet would seek an explanation from Yen Yen, and the government might investigate the matter if it was not satisfied with her response, according to The Malaysian Insider.

Readers, do you think that the Malaysian tourism authorities have spent too much money on their Facebook pages?