Category Archives: Finance

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Apple Reports Blowout Q3 Earnings, Stock Soars

Apple just reported another blowout quarter.  Yes, once again they have crushed Wall Street’s expectations. Shares of Apple Inc (AAPL) surged past $400 after the financials were released.  The stock settled at $394 in after hours trading. Today is a good day

Netflix Coming To 43 Latin American, Caribbean Countries

Netflix Coming To 43 Latin American, Caribbean Countries

Netflix (NFLX) just announced some major expansion plans.  Later this year, they will offer their popular streaming service to 43 countries in the Caribbean and Latin America. This expansion is of no surprise.  Earlier this year, Netflix CEO Reed Hastings stated that the company

Myspace Sold For $35 Million

Myspace Sold For $35 Million

Social Media pioneer, Myspace was just purchased by Specific Media for $35 million.  News Corporation, Myspace’s parent company will claim a minority stake in Specific Media.  All other terms of the sale were deemed confidential. News Corporation purchased MySpace in in 2005 for

How To Invest In Facebook Before They Go Public

How To Invest In Facebook Before They Go Public

Facebook is expected to IPO early next year, which is great news for anyone who wants to own a chunk of the world’s largest social network.  Right now, the company is valued at (just) $70 billion, they are expected to

Facebook To IPO With A Valuation Of $100 Billion

Facebook To IPO With A Valuation Of $100 Billion

CNBC is reporting that Facebook will likely go public the during first quarter of 2012. That’s right, soon you’ll be able to own a chunk of the world’s largest social network.  This will likely be a pretty big IPO, many

Groupon Files For $750 Million IPO

Groupon Files For $750 Million IPO

If you’ve been waiting to get a piece of the daily deals action, your time is near.  Today, Groupon filed for an initial public offering.  Groupon plans to raise $750 million with their offering, though that number is subject to

Google Introduces The Google Wallet

Google Introduces The Google Wallet

The days of carrying around big bulky wallets may soon come to an end. Google today announced their new Google Wallet service. The mobile payment system uses Near Field Communication (NFC) technology, the same technology found in many swipe and

Microsoft To Buy Skype For $8.5 Billion

Microsoft To Buy Skype For $8.5 Billion

Looks like Microsoft jumped in and swooped the deal!  Just last week, it was reported that Facebook and Google were close to sealing a deal with Skype, Microsoft must have jumped in at the last minute. Many analysts think Microsoft’s

Apple Releases 2011 iMacs, These Things Scream!

Apple Releases 2011 iMacs, These Things Scream!

Apple just updated their popular all-in-one iMac computers. This update is monster!  All 2011 models feature a quad-core Intel Core i5 chip, AMD Radeon HD Graphics, Thunderbolt technology and an all new HD FaceTime camera! The 2011 iMacs feature stunning

Apple Reports Huge Second Quarter Earnings

Apple Reports Huge Second Quarter Earnings

Apple (AAPL) just released a monster Q2 earning report. They reported $24.67 billion in revenue vs an expected 23.38 billion and an EPS of $6.40 vs an expected $5.37.  Apple’s Q2 margins were an astounding 4.14 percent. Apple’s net profit