Bad News For Facebook IPO, Major Retailer's Huge Loss, Is Dimon's Job In Danger? And More

Tuesday, May 15, 2012

GM Pulls Facebook Ads Days Before IPO

General Motors has decided to pull its advertising campaigns from Facebook, saying their paid ads had little effect on customers, the Wall Street Journal reports, citing "people familiar with the matter."

The move comes just days ahead of Facebook's initial public offering on Friday. The company's shares are expected to be valued at around $38, making the company poised to be worth up to $100 billion.

	FBI Opens Inquiry Into JPMorgan Chase Controversy
	Guilty: Debt Collectors Defrauded Bailed-Out Bank
	Jamie Dimon's Job-Loss Threat Level: Low
	Congress Disputes Impact Of Hiring Discrimination Against Older Workers
	Major Retailer Sees Huge Loss After Strategy Shift Backfires

BLOG POSTS

	Richard (RJ) Eskow: Talking With Krugman: He's Anti-Austerity, Pro-Peter Gabriel, and "Not That Cosmic" Paul Krugman's book is called End This Depression Now! (exclamation point included). If that sounds like a self-help book -- the sequel to Listening to Prozac, maybe, or something by Dr. Wayne Dyer -- that's not altogether inappropriate in this age of collective near-despair.
	Sarah Lacy: The Irony of the Social Media Era: It Was Created By the World's Least Social People After one particularly awful question, Zuckerberg broke down like a cartoon robot that simply could not compute. His eyes darted from place to place. He furrowed his brow and looked up after several moments of silence. 404 error. I had crashed Mark Zuckerberg.
	Charles Gasparino: Jamie Dimon's "Tempest in a Tea Pot" There's got to be bigger scandals out there that cost bank customers real money, and actually lead to real losses that could put a company's survival in jeopardy. The JP Morgan trading loss is neither and not by a long shot.
	Janet Tavakoli: Jamie Dimon: JPMorgan's Chief is the World's Funniest Financier Sure the economy is still a mess, unemployment is high, civil services and pensions are being slashed, a record number of people are on food stamps and families are losing homes. But Jamie Dimon does his best to distract the United States from these unpleasant realities.
	Alex Frey: There Is Not a Bubble in Facebook's Shares, There Is a Bubble in Calling Bubbles Is it really preposterous that investors would assign a company that is defining a whole new category of communication as being worth one-half of Google and one-seventh of Apple? Of course not. There is not a bubble in Facebook shares, there is a bubble in calling bubbles.