Social Network Background Check » Entries tagged with "Wall Street"
FT: Thousands of Confidential Bloomberg Terminal Messages Found Online
May 13th, 2013 | Add a Comment
Just the other day, the New York Post outed Bloomberg reporters for monitoring Bloomberg terminals to track Wall Street traders’ accounts. Now, the Financial Times has pointed out another egregious but unrelated security problem: apparently more than ten thousand confidential terminal records have been on the Internet—searchable by Google—probably for years. Read more… … Read entire article »
Filed under: Social Network Privacy
Bloomberg Reporters Used Shady Terminal Access To Spy on Finance Types
May 12th, 2013 | Add a Comment
Trading on Wall Street is basically a huge game of poke,r and it would be kind of hard to bluff or cover your strategy if Bloomberg reporters were watching your Bloomberg terminal to track your every move. So you’d assume said reporters wouldn’t abuse their corporate affiliation like that, because it would be shady and weird. That assumption would be wrong. Read more… … Read entire article »
Filed under: Social Network Privacy
Apple CEO Tim Cook: Why yes, we do care about market share
April 23rd, 2013 | Add a Comment
Apple CEO Tim Cook affirmed that the iconic smartphone and tablet maker actually does care about market share today in response to an analysts’ question during the company’s second quarter earnings call. That the question needed to be asked at all is indicative of how confused Wall Street is with Apple. And Cook’s follow-up remarks probably didn’t help at all. The analyst said that the smartphone market was growing at 30 percent annually and that based on Apple’s guidance for the coming quarter, it seemed extremely unlikely that Apple would be growing anywhere near that fast. And while Apple owns a higher percentage of the tablet market, Android is starting to take a bigger bite there as well. “Your point is not lost, and we do want to grow faster,” Cook said in response to the … Read entire article »
Filed under: Social Network News
Wall Street, meet Twitter (now on those fancy Bloomberg terminals)
April 4th, 2013 | Add a Comment
The big Wall Street banks are among the last Twitterless bastions of the American workplace. But even their high walls are crumbling thanks to a new Bloomberg terminal product — and perhaps a recent U.S. Securities and Exchange decision on Netflix CEO Reed Hastings. Today, Bloomberg announced that it will be the first financial information platform to integrate real-time Twitter feeds directly into investors’ data workflows. Two days ago, the SEC had said that, yes, Reed Hastings could communicate to the public via social media after staff at the securities watchdog had recommended he be charged for revealing material company information via Facebook. With new capabilities come new requirements, Bloomberg says: “When important news is shared on Twitter, traders and investors need to be able to access it, and validate its importance in order to … Read entire article »
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Apple earnings in three weeks: Everything depends on iPhone and iPad sales
April 1st, 2013 | Add a Comment
Earnings season is back upon us, and one of the most anticipated earnings conference calls has got to be Apple’s. The company announced its next investor call today on its investor website: Tuesday April 23, at 2 p.m. Pacific time. Revenue will definitely be down from the company’s traditionally big holiday quarter, but the big question will be how Apple’s Q2 2013 will compare to Q2 2012. With two product lines — iPhone and iPad — making up 72 percent of Apple sales, Apple’s quarter — and its sagging stock price — will hang on those two products. But the limited amount of data we’ve seen lately on iPhone and iPad sales has not been great. Apple lost some U.S. smartphone market share this past quarter, and with some analysts saying that iPad shipments collapsed in the … Read entire article »
Filed under: Social Network News
This startup is charging $3,000 for its database of the world’s most influential people
February 12th, 2013 | Add a Comment
Imagine having access to a Rolodex of two million of the wealthiest people in the world — bankers, private equity folk, and venture capitalists — and charging everyone thousands of dollars for a peek. A new service has emerged to do just that. Relationship Science is charging bankers to use its cloud-based CRM tool to track the “1 percent” and already has some high profile Wall Street firms signed for its beta. It describes itself as the “ultimate business development tool.” As the New York Times reported, the technology is still buggy and in the early stages of development. But it has received sufficient buzz to attract the attention of heavyweight investors, including Ken Langone, Henry Kravis, Stanley Druckenmiller, Andrew Tisch, Ron Burkle, and Joe Perella. Today, Relationship Science announced it has raised $60 million in funding to … Read entire article »
Filed under: Social Network News
LinkedIn smashes Q4 expectations after a year of ‘accelerated product innovation’
February 7th, 2013 | Add a Comment
LinkedIn has surpassed Wall Street’s expectations yet again with its stellar fourth quarter. The company just reported revenue at $303.6 million, an increase of 81 percent from the fourth quarter of the previous year. Analysts estimate that LinkedIn would report revenue growth of 67 percent, to $280 million, with profits more than tripling to 19 cents per share. The social network for professionals has met or beat on every earnings since going public in May 2011. Most of the company’s Q4 revenue came from its suite of Talent Solutions products. Revenue from that business totaled $161 million, an increase of 90 percent compared to the fourth quarter of 2011. The company reported healthy growth in all three of its major product categories: its ad sales group saw a 68 percent year-on-year jump to $83.2 million, while its subscriptions service increased 79 percent … Read entire article »
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LinkedIn stock jumps 10% in after-hours trading on strong Q4 results
February 7th, 2013 | Add a Comment
LinkedIn investors are rejoicing after smashing fourth-quarter earnings, sending the professional network’s stock up about 10 percent in after-hours trading this afternoon. The company soundly beat Wall Street expectations by posting revenue of $303.6 million and earnings per share of $0.35. Wall Street had been expecting revenue of $280 million and earnings per share of $0.19. That’s an incredible deficit between expectation and reality, shooting the stock up quickly after the earnings were announced. As of this writing, LinkedIn is trading at $135.87 per share, an increase of 9.5 percent over its closing price today. LinkedIn also announced today that it passed the 200 million member milestone at the end of 2012, with “approximately 202 million” total members. Cumulative membership is up 39 percent over 2011. “We continue to add approximately two members … Read entire article »
Filed under: Social Network News
Why Wall Street wanted Groupon to sack Andrew Mason
November 30th, 2012 | Add a Comment
Earlier this week, Groupon CEO Andrew Mason openly confirmed rumors that his job was in jeopardy. After securing the temporary approbation of his board yesterday, Mason is now facing ridicule from a more vocal critic: a market that would prefer to see him pushed aside. But why? “It would be weird if the board wasn’t discussing whether I was the right guy for the job,” Mason said Wednesday during an interview at the Business Insider Ignition conference. The always quotable Mason pointed to the fact that his company’s stock is down 80 percent as reason enough for the board to rightfully question his credentials, as AllThingsD’s Kara Swisher said was the case. “If I ever felt that I wasn’t the right person to do the job, I’d fire myself,” Mason added. The … Read entire article »
Filed under: Social Network News
Here’s how much Facebook actually paid for Instagram
October 25th, 2012 | Add a Comment
Facebook filed its 10-Q quarterly report with the Securities and Exchange Commission on Wednesday and cleared up a few remaining details concerning its colossal purchase of photo-sharing app Instagram. The social network said that, as expected, it paid $300 million in cash for the property when the deal closed in August. Facebook added that it issued 12 million vested shares to nonemployee stockholders, available for sale in the November lock-up expiration, and 11 million unvested shares to employee stockholders. As such, the total aggregate value of the deal was $715 million at the time shares were issued. The official language included in the documentation is as follows: We have accounted for this transaction as a business acquisition for a total purchase price of $521 million, consisting of the issuance of approximately 12 million … Read entire article »
Filed under: Social Network News
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