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Posts Tagged ‘Initial public offering’

October 5, 2012

Facebook may have a billion users worldwide, but hardly any of them are in Russia — though founder Mark Zuckerberg aims to change that. But it won’t be easy: the world’s biggest social network isn’t used to being the underdog.

Zuckerberg visited Moscow this week to help host an event where developers put together apps over just six hours. The ability to play games and listen to music is, of course, a big draw on Facebook, but Russian-language content is lacking.

That’s not surprising when one considers there are only 3.5 million users in the country of 143 million. Developers and new users are both drawn to where the people already are online: Russia’s leading social networks, VKontakte and Odnoklassniki. Combined, the two sites have more than 10 times Facebook’s Russian users. This puts Facebook in the awkward position of having to scramble for users — something it hasn’t had to do for years.

The outlook is good, though: Much of Russia is still offline, meaning there’s lots of room for growth. If Facebook can entice just some of the new Internet users to join up, that could be the answer to their problems in that country. But making those users choose Facebook instead of the popular competition will be hard.

That’s why Zuckerberg and the company are working hard at making their network more Russia-friendly. They’re hoping that a smash hit, like Zynga’s Farmville and the Spotify music service in the U.S., will make users join up and stay put.

from:  http://www.nbcnews.com/technology/technolog/zuckerberg-visits-russia-boost-low-facebook-numbers-1C6305316

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Mark Elliot Zuckerberg was born on May 14th, 1984 (time of birth unknown) in White Plains, New York according to http://en.wikipedia.org/wiki/Mark_Zuckerberg

[Venus/Pallas = Eris]

 

May 14th, 1984

5 + 14 +1+9+8+4 = 41 = his life lesson = Withholding intimate details.  Things get ugly.

Ace of Cups Tarot card

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May 14th, 1984

May 14th

5 + 14 +2+0+1+2 = 24 = his personal year (from May 14th, 2012 to May 13th, 2013) = Russia.  European Union.  The emperor has no clothes.  Who’s in charge?

The Queen of Wands Tarot card

24 + 9 (September) = 33 = his personal month (from September 14th, 2012 to October 13th, 2012) = Backing down.  Caving in.

33 month + 8 (8th of the month on Monday October 8th, 2012) = 41 = his personal day (from his time of birth on Monday October 8th, 2012 until his time of birth on Tuesday October 9th, 2012) = Accept/reject.  Withholding intimate details.  Things get ugly.

Ace of Cups Tarot card

[When his number (41 (his life lesson)) comes up that’s when he gets to live/experience what he is here to live/experience.  So Monday October 8th, 2012 is HIS day!!!]

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using the number/letter grid:

1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Mark Zuckerberg

4192 8332592597       69

 

his path of destiny / how he learns what he is here to learn = 69 = Unlimited earning potential.  Making money.  Earning a income.

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using the number/letter grid:

1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Mark Zuckerberg

4                      7

 

how he obtains/loses his heart’s desire = MG = 47 = Famous.  Name & fame.  Notoriety.  Name recognition.  Internationally known.  High profile.  VIP.  Well-known.  Household name.  Visionary.  Notorious.  Infamous.  The future.

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undefined

comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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discover some of your own numerology for FREE at:

http://numerologybasics.com/

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learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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Sex Numerology available at:

https://www.createspace.com/3802937

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undefined

http://electionnumerology.com/

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May 17, 2012         6:16 p.m.

Wall Street has one simple task as Facebook Inc. shares begin trading: Don’t mess it up.
Major stock exchanges, brokerage firms and mutual fund companies have been gearing up for one of the biggest initial public offerings on record. And, with all the hype surrounding the social-media giant, any snafus would be a major embarrassment.”
It has to go off without a hitch. There’s going to be a lot of visibility on this,” said Larry Tabb, chief executive of the TABB Group consulting and research firm. “If this goes poorly, it will not just be a poor reflection on Nasdaq — it will be a poor reflection on the U.S. market structure.”

In pricing its stock at $38 on Thursday, Facebook raised $16 billion in the third-biggest IPO in U.S. history and the largest ever by a tech company. The stock trades as FB.

The company is expected to sell an additional $2.4 billion in stock later this month, raising the total value to $18.4 billion. That would make it the second-largest U.S. IPO, trailing only the $19.65 billion raised by Visa Inc. in 2008.

The IPO values Facebook at $104 billion, by far the largest ever for a newly public company.

Facebook shares are scheduled to begin trading at 11 a.m. Eastern time, 90 minutes after the Nasdaq Stock Market opens. The late start is designed to give the stock exchange and Wall Street brokerage firms sufficient time to process what is expected to be a crush of opening-day orders.

At center stage is the Nasdaq, considered to be the world’s premier home for technology companies. The exchange has been testing various scenarios for how the stock will open, checking its systems through a dummy ticker — ZWZZT — to allow clients to practice processing their orders.

Glitches do happen. In April, when software developer Splunk Inc. went public on the Nasdaq, the price soared so high the exchange halted trading. However, trading reportedly continued elsewhere, leading to canceled trades.

The biggest blunder happened in March when BATS Global Markets, an electronic trading platform, suffered a trading debacle. A software glitch sabotaged the company’s own IPO, which sent the stock plummeting and forced it to cancel the offering altogether.

BATS has been in talks with Nasdaq about the Facebook IPO, but hasn’t participated in any of the tests. However, clients have been routing test orders of Facebook through the exchange, spokeswoman Stacie Fleming said.

Meanwhile, the New York Stock Exchange is making sure it is ready for the crush of new shares that will be dumped into the market Friday. The Big Board has dedicated a server just for Facebook trading that will be done on the NYSE Euronext Inc.’s all-electronic Arca exchange.

“We’re fully prepared,” NYSE spokesman Rich Adamonis said.

Tabb said myriad problems could arise, though he predicted high volume wouldn’t be one.

Buyers and sellers may not get access to the stock, he said, because market data feeds connecting all the exchanges could hit a snag, trading algorithms may not be properly tuned, or a server could crash.

“If there’s a problem it’ll be a technology glitch,” Tabb said.

Brokerages are getting ready to field phone calls from customers who want Facebook shares — and potentially upset clients who didn’t get as large of an IPO allotment as they wanted.

Fidelity Investments in Boston, one of the country’s largest retail brokerages, has employees on standby to deal with high customer demand, spokesman Steve Austin said.

Wall Street might spend the remaining few hours before Facebook’s public debut worrying about what might go wrong. But there’s a decidedly different atmosphere on the West Coast at Facebook’s Menlo Park headquarters.

Hundreds of employees spent Thursday in a “hackathon” — an all-night work session for programmers and engineers.

Even founder Mark Zuckerberg was expected to attend the event — until he rings the Nasdaq’s opening bell.

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Mark Zuckerberg was born on May 14th, 1984 (time of birth unknown, but perhaps 8:45 a.m.?) according to http://en.wikipedia.org/wiki/Mark_Zuckerberg

[Lilith/Venus = Eris]

 

May 14th, 1984

May 14th

5 + 14 +2+0+1+2 = 24 = his personal year = (from May 14th, 2012 to May 13th, 2013) = Giving up control.

The Queen of Wands Tarot card

24 year + 5 (May) = 29 = his personal month (from May 14th, 2012 to June 13th, 2012) = Competency.  Self-confidence.

Three of Wands Tarot card

29 year + 18 (18th of the month on Friday May 18th, 2012) = 47 = his personal day = Famous.  Internationally known.

Seven of Cups Tarot card

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undefined

comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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discover some of your own numerology for FREE at:

http://numerologybasics.com/

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learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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undefined

Sex Numerology available at:

https://www.createspace.com/3802937

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May 16, 2012

 

Facebook Inc.’s loss of paid advertising from General Motors Co., the world’s biggest automaker, may spur other marketers to reconsider ads on the site and hamper sales growth just as the social-network debuts as a publicly traded company, an analyst said.

If auto ads, generally among the most effective online promotions, fail on Facebook, then major advertisers including AT&T Inc., Procter & Gamble Co. and American Express Co. may follow GM’s lead and curb spending on the site, said Carlos Kirjner, an analyst at Sanford C. Bernstein & Co. in New York.

“The revenue loss is insignificant, but the fact that one of the largest brand advertisers in the country sees Facebook as ineffective suggests others may do so,” Kirjner said in a research report. “One can plausibly infer that what GM found out, others will too, making it harder to make a bull case for revenue growth based on the presumption that there is high return on investment from social advertising to brand advertisers.”

Facebook last week said growth in advertising sales isn’t keeping pace with gains in users, many of them logging on from mobile devices. GM said yesterday it was halting display ads on Facebook, while maintaining brand-promotion pages. Facebook is depending more on brand pages as paid ads prove less effective, said Rebecca Lieb, a digital media analyst at The Altimeter Group in New York.

Not ‘Figured Out’

“They haven’t figured it out yet and they’re not even pretending to have figured it out,” Lieb said in an interview today. “Even when they do, it doesn’t mean that brands are going to master it — it isn’t what advertising agencies have traditionally done.”

GM plans to stop advertising on Facebook mid-year, Pat Morrissey, a company spokesman, said in a telephone interview today. About 25 to 30 percent of the company’s advertising spending is on social, digital and online media, he said. That’s about 3 percent more than the automaker spent a year earlier.

The decision to cut Facebook ads came as part of a regular spending review, he said.

“It’s not unusual to move spending around based on what we’re seeing in terms of where our priorities are, return on investment, overall effectiveness.” Morrissey said. “We will be re-evaluating Facebook in the future.”

Ad Spending

Outside of Facebook, General Motors spent $1.78 billion on advertising in the U.S. in 2011, in third place after AT&T and Procter & Gamble, said Jon Swallen, head of research at ad tracker Kantar Media. Facebook executives have spent more than a week pitching the IPO across the country, trying to convince potential investors that the company can make money off its more than 900 million users.

“Many advertisers are grappling with how best to leverage the potential of Facebook,” Swallen said yesterday. “They are weighing concerns about effectiveness and privacy issues consumers may feel.”

Annie Ta, a spokeswoman for Facebook, declined to comment. Mark Siegel, a spokesman for AT&T, and Sarah Meron, a spokeswoman for American Express, didn’t immediately return calls for comment. Procter & Gamble does pay for ads on Facebook, said spokesman Paul Fox, who declined to comment on future plans.

Other automakers say they’re sticking with Facebook. Ford Motor Co. is increasing its ad spending on the site, Jay Cooney, a spokesman, said in an interview. The Dearborn, Michigan-based company declined to provide specific dollar amounts. Subaru of America Inc. spends more than $5 million annually on Facebook advertising and plans to continue, said Chief Marketing Officer Dean Evans.

‘Fan Base’

“It cost-effectively generates a fan base, generates awareness for the brand and generates traffic for our websites,” Evans said yesterday in an interview. “All of those things we find effective today.”

Facebook’s first-quarter profit fell 12 percent to $205 million as sales growth slowed and marketing costs more than doubled, the Menlo Park, California-based company said in a filing last month. Revenue climbed 45 percent to $1.06 billion, a slowdown from 55 percent growth in the December period.

Facebook plans to raise as much as $16 billion through the IPO, the biggest ever for a technology company. Its shares, to be offered at $34 to $38 each, are set to price tomorrow and begin trading under the symbol FB on the Nasdaq Stock Market the following day.

from:  http://www.washingtonpost.com/business/will-others-follow-general-motors-and-drop-facebook/2012/05/16/gIQAaXIbUU_story.html

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Daniel Akerson was born on October 21st, 1948 according to http://en.wikipedia.org/wiki/Daniel_F._Akerson

October 21st, 1948

10 + 21 +1+9+4+8 = 53 = his life lesson = Straight to the point.

Knight of Swords Tarot card

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October 21st, 1948

October 21st

10 + 21 +2+0+1+1 = 35 = his personal year (from October 21st, 2011 to October 20th, 2012) = Calling it quits (with Facebook).

Nine of Wands Tarot card

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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——————————————————————

discover some of your own numerology for FREE at:

http://numerologybasics.com/

—————————————————————————————–

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—————————————————————————————–

learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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Sex Numerology available at:

https://www.createspace.com/3802937

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Eduardo Saverin is no longer a U.S. citizen.

May 11, 2012           2:35 PM ET

Eduardo Saverin, one of Facebook’s four co-founders, has renounced his U.S. citizenship, according to the Internal Revenue Service.

The expatriation, first reported by Bloomberg, comes just before the social network is expected to launch an initial public offering of its stock next week.

It’s possible that the move will help Saverin escape some of the hefty taxes he’d have to pay on his Facebook stake, though it’s not known exactly how much of the company Saverin currently owns.

He owned 5% of the company’s outstanding shares as recently as 2009, according to “The Facebook Effect,” by David Kirkpatrick, but he has sold off some of those shares since then. He was not listed among those owning 5% or more of the company in Facebook’s pre-IPO regulatory filings.

The Brazilian-born Facebook co-founder has been living in Singapore since 2009, but the United States requires its citizens to pay income taxes no matter where they live. Saverin, who provided some of Facebook’s initial financing, has not played an active role in the company for many years.

If Facebook’s valuation takes off next week, the move may turn out to be a savvy one — at least from an investment standpoint. If Saverin is still holding any of his Facebook stake, formally leaving the U.S. could lessen his future tax hit.

It’s not known if tax issues played a role in expatriation. Calls to Saverin and his spokesman were not returned.

The practice of renouncing U.S. citizenship, though still extremely rare, is becoming more common: 1,781 Americans did it in 2011. That’s up 16% from 2010 and is nearly eight times the number who expatriated in 2008, according to the U.S. Treasury.

Taxes are expected to take a big bite out of many Facebook shareholders.

CEO Mark Zuckerberg, who co-founded the company with Saverin and two other Harvard classmates, is selling 30.2 million shares of his stake in the company to raise $1.1 billion in cash. He plans to use most of it to pay off Uncle Sam and California for the taxes he expects to incur from exercising some of his stock options.

Facebook said in a recent regulatory filing that many employees will have to pay 45% in taxes on the millions of dollars they will come into once the stock becomes publicly traded. The average tax hit: $1.1 million per employee.

The social network is expected to price its IPO on Thursday in a range it currently estimates at $28 and $35 per share. It plans to begin public trading on Friday.

from:  http://money.cnn.com/2012/05/11/technology/eduardo-saverin-facebook-citizenship/

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Eduardo Saverin was born on March 13th, 1982 aacording to http://en.wikipedia.org/wiki/Eduardo_Saverin

March 13th, 1982

3 + 13 +1+9+8+2 = 36 = his life lesson = Managing his tax burden.

Ten of Wands Tarot card

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undefined

comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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——————————————————————

discover some of your own numerology for FREE at:

http://numerologybasics.com/

—————————————————————————————–

—————————————————————————————–

—————————————————————————————–

learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

undefined

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undefined

Sex Numerology available at:

https://www.createspace.com/3802937

Read Full Post »