TonyPotts
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TonyPotts
Insight Into All Things Entertainment & The Social Zeitgeist
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TONY POTTS: Tony’s Take: Justin Timberlake’s New MySpace Has A Chance

TONY POTTS: Tony’s Take: Justin Timberlake’s New MySpace Has A Chance | TonyPotts | Scoop.it
Look, I’ve always found Justin Timberlake to be innately curious and very entrepreneurial. I first met him back in early 2000 just after *NSYNC’s “No Strings Attached” album...
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JUST SO I CAN SAY 'I TOLD YOU SO': President Obama's Google Hangout 'Wins Over' Republican Questioner

JUST SO I CAN SAY 'I TOLD YOU SO': President Obama's Google Hangout 'Wins Over' Republican Questioner | TonyPotts | Scoop.it

TONY SEZ: "I'M TELLING YOU NOW. GOOGLE-HANGOUT WILL BE GYNORMOUS" A Texas mother of 3 becomes an Obama supporter after hanging out with the president on Google+.

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INTERNET BLACKOUT? This Is the Internet After SOPA(LOOK AT GOOGLE'S HOME PAGE [PICS]

INTERNET BLACKOUT? This Is the Internet After SOPA(LOOK AT GOOGLE'S HOME PAGE [PICS] | TonyPotts | Scoop.it
Today's blackout shows what the internet might look if some of the principles in SOPA start being enforced as law.
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Jerry Yang Resigns from Yahoo

Jerry Yang Resigns from Yahoo | TonyPotts | Scoop.it
UPDATED: The co-founder of the online firm says "the time has come for me to pursue other interests outside of Yahoo."...
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TONY POTTS: Still Happy I Didn't Buy Any Facebook, However....

TONY POTTS: Still Happy I Didn't Buy Any Facebook, However.... | TonyPotts | Scoop.it

As I mentioned before, when Facebook decided to issue even more stock in the final days leading up to its IPO, I saw that as a sign to stay away. It also increased it's IPO price at the last minute. Not a good double-whammy.  More is not better. Better is better. And in this case, less is more as in less stock, more demand. Sure there were NASDAQ glitches, but not everyone was sold on Facebook's valuation. Had the IPO happened two years ago, when FB was adding people at a blitzkreig rate, the price with enormous growth ahead would be justified. When FB gets to 1-billion users, then what? 500m to 700m is easier than 1b-1.2b.

Do you know who is the big winner in the Facebook IPO? Google.

 

Here are a couple of good references:

http://www.forbes.com/sites/davidmaris/2012/05/21/facebook-stock-drops-what-really-goes-on-in-ipos/

http://news.cnet.com/8301-1023_3-57438348-93/why-facebooks-stock-is-tanking/

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THIS IS CRAZY: U.S.GOV'T Shuts Megaupload.com, Hackers Retaliate

THIS IS CRAZY: U.S.GOV'T Shuts Megaupload.com, Hackers Retaliate | TonyPotts | Scoop.it
(Reuters) - The U.S.government shut down the Megaupload.com content sharing website, charging its founders and several employees with massive copyright infringement, the latest skirmish in a high-profile...
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FACEBOOK FIASCO? Italian Cruise Ship's Dangerous Path Posted to Facebook Before Crash

FACEBOOK FIASCO? Italian Cruise Ship's Dangerous Path Posted to Facebook Before Crash | TonyPotts | Scoop.it
Some citizens of Giglio looked towards the sea to get a glimpse of the Costa Concordia, following a Facebook post from a ship worker’s sister.
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