“Balancing group and self-interest has never been easy, yet human societies display a high level of cooperation.”
Posts Tagged 'finance'
Tags: app, asides, color, finance, instagram, iPhone, mac store, NYT
Nice write-up in the NYT about the Color App that’s being doing badly it seems. They raised 41 million in VC capital before releasing their app, which failed miserably. It’s a stark contrast to Instagram, which started with a few employees and $500,000.
Tags: asides, finance, fraud, Goldman Sachs, Great Vampire Squid, SEC, USA
Wow, never thought I’d see the day that the SEC would charge the great vampire squid with fraud. Will it be successful? I don’t know, Goldman Sachs is pretty powerful and I wonder how much the US wants them guilty. It will probably be plea-bargained out. What a shame. Goldman Sachs stock is already down 12% 13.2%. This happened in about two hours started happening at 10:36AM EST. The stock is already slightly back up. Total loss is at 13.11%
A lot of banks and financial institutions are down 5% due to this. I wish the US would actually charge the people as well as the company with federal crimes.
The NYT has a further in depth article about this situation. For the moment, I am tracking GS’ stock. It’s back up and losses are at 11.86%. The more negative publicity GS gets, the more it’s stock will plummet. Do you think that they will short their own stock?