Tech Bubble Death Watch, Facebook IPO News, Out On Wall Street And More

Friday, May 18, 2012 Tech Bubble Death Watch: Pinterest And The Billion Dollar Startup Club So, the Facebook IPO did not exactly take off like a rocket. That's a blow to those, like us, who see a tech bubble forming around every corner. But never fear, bubbleteers: There's hope in a herd of billion-dollar startups. Upstart scrapbooking website Pinterest on Thursday nailed down $100 million in financing, which gives it a valuation of $1.5 billion. If you are surprised to hear this, then perhaps you have not been paying attention to the fact that a growing crowd of startups are worth a cool billion, writes Huffington Post small-business editor Nate Hindman. Think Twice Before Flipping Those Facebook Shares Why Wall St. Loves This Gay Man GM Makes Surprising Announcement Fitch Downgrades Five Greek Banks Top 10 CEOs Sent To Prison BLOG POSTS David J. Cross: Facebook IPO Could Create at Least $1 Billion in Property Value The Facebook IPO will only add to the millionaires competing to buy a small number of homes, and it seems inevitable that prices will be driven up. Robert Reich: The Commencement Address That Won't Be Given Members of the Class of 2012, as a former secretary of labor and current professor, I feel I owe it to you to tell you the truth about the pieces of parchment you're picking up today. You're f*cked. David Callahan: Facebook IPO: The Rich Get Even Richer and More Powerful Facebook has transformed how people interact with each other and demonstrated yet again the dominance of American ingenuity. Yet its success also dramatically illustrates problems with the U.S. economy. Six troubling features of the Facebook IPO stand out. Robert Creamer: Romney's Bain Record: Playing By a Different Set of Rules Than Ordinary Americans Mitt Romney and Bain helped to create a new rulebook for the American economy -- one that ultimately helped lead to the economic disaster that came to a head in September 2008. Tom Doctoroff: The Top Ten Myths of Modern China China will not implode. Its road to superpower status will be bumpy, even rocky in parts, but the fundamentals of sustained macroeconomic expansion are in place and, for the large part, enduring. Here are 10 popular misconceptions about China.

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