Facebook now worth $9.5 billionFacebook’s private shares are now for about $21 each — a 42% increase since July — valuing the company’s common shares at $9.5 billion. Will the company go public soon?
Stockmarket
80 years since the Great Crash
It’s the 80th anniversary of the Great Wall St Crash and the beginning of the Great Depression. Steve Keen looks at what we’ve learned — if anything — eight decades on.
Telstra’s shareholders had it coming
Telstra shareholders angry about their shares diving more than 4% after the announcement of the company’s split have only themselves to blame, says Peter Ryan after dusting off the company’s 1997 prospectus; Telstra itself outlined the risks of investing from day one.
Walker’s departure sends Fairfax shares up
Fairfax shares rose 4.2% this morning off the back of the story in The Financial Review reporting that Chairman Ron Walker will step down in August next year.
The internet is great… just not in your portfolio
Investing in online is a pretty shaky proposition when even the most popular websites can’t figure out a viable business model, says James Altucher. Trading online is fine — just don’t trade in online.
Marcus Padley: Faith will be punished, cynicism will protect you
Marcus Padley asks the question, have we hit the bottom?
No easy way to say it: Aussie market tanking
Following the plunges seen on various amrkets around the world overnight, the Australian markets today followed suit, failling 6%, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
Costello calms the markets with the big lie
ABC radio’s chief political correspondent Chris Uhlmann was only half joking yesterday when he claimed the remarkable 200 point afternoon stockmarket rally coincided with reassuring statements from Treasurer Peter Costello during Question Time.
Our U-deal with India: what cost the NPT?
Shuold we or shouldn’t we, and what does it mean for the nuclear non-proliferation treaty? Those are just some of the questions surrounding the federal government’s decision to sell uranium to India.
