With Facebook apparently set to launch an initial public offering this week, valuing it at $US75 billion-$US100 billion, the market’s willingness to capitalise the optimism around social networking businesses is about to be tested.
Dotcom crash
US hasn’t dodged the banking bullet … yet
The revolutionary war fought by the Americans was rooted in part in the overthrow of a banking order imposed on the colonies. That war continues to this day, writes David Hirst.
The noughties: the decade that sucked
The last ten years have been pretty crap for Americans and the US economy, says Paul Krugman. There was zero job creation, zero gain for home owners and zero gain for stocks. Will the next decade be any better?
Thornley’s Better Place may be last year’s business model
Better Place can take solace from the fact local CEO Evan Thornley has plenty of experience in making millions from unsuccessful ventures, writes Adam Schwab.
MFS and City Pacific propose shot-gun wedding
It is getting expensive, but I’m chasing this market lower, spending $35,000 stacking another 58 stocks into the portfolio so far this year, including eight more this morning.
