Some critics argue that Groupon’s fast-growing business is a financial house of cards and that the company has no viable way of generating profits. Will CEO Andrew Mason be able to prove the doubters wrong, or will Groupon become the new millennium’s version of Pets.com? Read More »
Tech
If a bill being proposed by a group of senators makes it through Congress, Facebook and many other high-profile technology stocks may never have to go public at all. That might make CEOs like Mark Zuckerberg happy, but it could also derail the tech-IPO train. Read More »
Peer-to-peer lending services like Prosper got a new lease on life from the U.S. House of Representatives today, which included an amendment to move regulation of the space from the SEC to a new banking regulatory agency in a major financial reform bill. Read More »
Sony Ericsson recently reported huge losses for the second straight quarter, for which it blamed the struggling economy. The results included a $240 million quarter loss and a 21 percent drop in phone shipments, garnering a vote of low confidence among analysts. And as Dick Komiyama,… Read More »
Our sister site, jkOnTheRun, is reporting that certain netbook enthusiast sites are getting cease-and-desist orders from Psion Teklogix, maker of the Psion netBook in the early 2000s. They have a copy of a C&D order and are trying to find out more. They did… Read More »
Updated: It’s a classic PR play: When you start to look like the bad guy, call out a bigger bad guy. And it seems to be the strategy that the Securities and Exchange Commission — besieged by accusations of lax enforcement before and during the… Read More »
