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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Instagram denies photo selling

Category : Business, World News

Facebook’s photo-sharing service Instagram denies that it has changed its privacy policy to allow it to sell users’ photos to advertisers.

Excerpt from: Instagram denies photo selling

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Part of a push to get fans to view photos on its own website, Instagram (FB) disables integration with Twitter. The move means Twitter users will no longer be able to view Instagram photos as part of their Twitter stream (tweeting links to Instagram…

Category : Stocks, World News

Part of a push to get fans to view photos on its own website, Instagram (FB) disables integration with Twitter. The move means Twitter users will no longer be able to view Instagram photos as part of their Twitter stream (tweeting links to Instagram shots still works). Twitter hopes to have its own series of photo filters ready to go by holiday time. 1 comment!

Continued here: Part of a push to get fans to view photos on its own website, Instagram (FB) disables integration with Twitter. The move means Twitter users will no longer be able to view Instagram photos as part of their Twitter stream (tweeting links to Instagram…

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After the Hit "Marijuana Cologne," Keme Davis Releases His Highly Anticipated Mixtape "Yikes"

Category : World News

After His Single “Marijuana Cologne” Was Officially Released and Has Already Amassed Over 70,000 Views on hothiphop’s Instagram, Keme Davis Is Ready to ‘Drop’ His Highly-Anticipated Mixtape “Yikes” and Give the World a Chance to Hear Him

Link: After the Hit "Marijuana Cologne," Keme Davis Releases His Highly Anticipated Mixtape "Yikes"

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Facebook’s Instagram bid gets nod

Category : World News

The Office of Fair Trading gives Facebook’s takeover bid for Instagram the green light after deciding not to refer it to the Competition Commission.

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Facebook’s Instagram deal now worth $948 million

Category : Stocks

Facebook’s share price drop affects Instagram price.

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Facebook’s Instagram deal now worth $948 million

Category : Business, Stocks

Facebook’s share price drop affects Instagram price.

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Facebook IPO Set for Mid-May, Report Says

Category : Stocks

NEW YORK (TheStreet) — Despite concerns over a delay in its IPO, Facebook is set to go public in about two weeks.

CNBC’s Kate Kelly reported the social networking company will begin its IPO roadshow on May 7, which would set up for an IPO in mid-May.

There were previous reports that Facebook would push back its IPO to June, as recent acquisitions including the Instagram purchase and patent purchased from Microsoft would cause a distraction.

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The rest is here: Facebook IPO Set for Mid-May, Report Says

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Facebook’s earnings and revenues slip ahead of $100bn IPO

Category : Business

Profits drop during first three months of 2012, but advertising revenue up 37% and Facebook now boasts 901m monthly users

Facebook’s earnings and revenues fell in the first quarter of 2012, the company said in a regulatory filing ahead of what is expected to be a $100bn stock market sale.

The company has been spending heavily in the initial public offering (IPO). It said seasonal factors were also to blame for the slip, as advertisers spent less in the first quarter compared with the last three months of last year.

Facebook’s revenue in the first three months of the year rose 45% year-on-year to $1.06bn, compared with the first quarter of 2011. But profit during the quarter dropped 12% to $205m from $233m a year earlier as costs soared.

Facebook is still growing fast. Advertising revenue was up 37% and payments and other fees rose 98%. The company now has 901 million monthly active users and looks set to hit a billion by the end of the year on current trends.

Analyst Sam Hamadeh said the latest profit figures were a “disaster”. “This company has done everything it can to have a blowout the first quarter. This is absolutely not what they wanted,” said Hamadeh, chief executive of PrivCo, which specialises in private companies.

He said Facebook had increased the number of ads its customers see, introduced its new timeline look and made several other attempts to increase profits as the IPO approached.

“You have to ask: has this company peaked?” he said. “We often say that companies go public too early. Could this one be too late?”

Costs and sales and marketing expenses rose – in part related to expanding data centre operations and more people in sales and marketing. For the three months ending 31 March, costs were $677m, compared with $343m for the same period last year.

Revenues in the first quarter were 6.5% lower than in the fourth quarter of 2011 and profit down 32% from the end of last year. Facebook said the fall in advertising spending was driven by “seasonal trends”.

Facebook also gave new details about its purchase of Instagram, which it bought earlier this month. Facebook bought the photo sharing site for $300m in cash and 23 million shares.

About 11% of Facebook’s revenue for the quarter came from Zynga, the social gaming company. Zynga is set to report its own results on Thursday afternoon, and its numbers will be closely watched for more news on Facebook’s fortunes.

VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased by 30 to 785. A lack of "mega-deals" (Yammer’s $85M round was Q1′s largest deal) kept a lid on funding levels, but seed funding (sub-$1.5M deals)…

Category : Stocks, World News

VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased by 30 to 785. A lack of “mega-deals” (Yammer’s $85M round was Q1′s largest deal) kept a lid on funding levels, but seed funding (sub-$1.5M deals) hit a new record. Going forward, Facebook/Instagram is expected to produce a pickup in funding for mobile startups, which totaled $435M in Q1. (previous) Post your comment!

Read the original here: VC funding fell 22% Q/Q in Q1 to $5.9B, reports CB Insights, but the number of deals increased by 30 to 785. A lack of "mega-deals" (Yammer’s $85M round was Q1′s largest deal) kept a lid on funding levels, but seed funding (sub-$1.5M deals)…

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