Groupon stock spends second day on the skids: Groupon Inc. shares are falling for a second-straight day, hitting their lowest price since the company went public Nov. 4. The Chicago-based daily-deal company’s stock price slipped nearly 10% to $21.15 in morning trading Tuesday, after closing down 10% Monday.
Credit: Groupon Inc.
Like mutual funds, ETFs allow investors to spread risk over a series of investments, as opposed to one or two stocks or bonds. This lessens exposure to loss and provides peace of mind for investors who are weary of dramatic swings in the market.
NEW YORK (CNNMoney) — LinkedIn had a banner debut back in May, with shares nearly tripling in early trade and closing at more than double their initial price. But now the game has changed.
Seasonally, Bank of America’s stock price doesn’t perform so well in mid-November. With all the bad press the Banks been getting, it looks like this trend will not be broken, at least not this year. True, there is always the hope that the European debt crisis will be “solved” by central banks…
“Note that none of these methods of rigging the market to artificially inflate incomes — TBTF, stock buy-backs that drive up stock options, the professional credentials cartel — can be blamed on capitalism or markets. There are still genuine entrepreneurs who get rich by founding companies that provide new and useful goods and services, and there are still genuine capitalists who get rich by investing in them. But getting rich the old-fashioned way by getting customers to buy what you sell is hard, compared to paying politicians to rig markets and tax policies in your favor.”
Michael Lind in How the rich rig the system - U.S. Economy - Salon.com
Local recommendation site Yelp has finally filed an S-1 to IPO, wanting to raise $100 million. While there is no price per share or valuation designated on the form, reports have held the desired valuation at between $1 billion to $2 billion.
The site generated $58.4 million net…
This will be the first of probably a few post I make in regards to the Occupy Wall Street movement. This chart was taken from Financial Accounting, Eighth Edition (a REAL textbook). The reason I have decided to point this out is to offer some insight about what our roles as consumers are in this struggle between the “1%” and the “99%” that has become so widespread. There are two main ways that the average person can have a direct say in what corporations on Wall Street do. First, you show your support or dissatisfaction of a product or business by how you decide to spend your money. Second, you can become a participant in the decision making through investing. The second option can actually be very effective because corporations (publicly traded companies) have an obligation to their stockholders. This is not a weakness for businesses, but maybe it can be an opportunity that can be used to hold businesses accountable for their actions, put the right people in charge, and improve the economy. This is something to think about when asking yourself if standing in the rain with a clever sign is really the most effective way of changing the system.
Quote of the Month (feel free to memorize this and recite it on command): “Ultimate control of the corporation rests with the stockholders who elect a board of directors that sets company policy and appoints officers. The board elects a chairperson [CEO], who usually is the most powerful person in the organization.” -same textbook as the picture.
You have seen those commercials on television, in which families are graphically improving family photos and using cloud computing to extract saved photos and photo software to do the task. You have been wondering what cloud computing is. It is as simple as electricity flowing through the lines to…