I’m not usually the go-to guy to talk about the stock market, but allow me to quietly guffaw at Facebook’s disastrous second day on Monday as the newly-public company’s stock lost 10.99 percent of its price at the end of trading on Friday. Making matters worse, Friday’s closing price was reportedly artificially pumped up by […]
It’s a big money day in tech news, as two separate billion dollar transactions have been announced. Early this morning, AOL announced the sale of 800 patents to Microsoft for $1.056 billion in cash. “The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio,” said Tim Armstrong, AOL’s Chairman […]
Marianne Oleson was charged Wednesday with multiple counts of theft and forgery for the sale of fake Facebook stock. The Oshkosh, WI resident conned four men out of thousands of dollars, including Randy Stafford, a construction worker who did concrete work on Oleson’s house worth $18,000. After she couldn’t pay for the work, Marianne told […]
Eastman Kodak stock trades sharply higher yesterday as the company made public a restructuring plan. Kodak plans on dividing the company into two basic segments: consumer and commercial, with both reporting to a “chief operating office” led by the company president and the chief operating officer. They, in turn, report directly to the CEO, Antonio […]
