The internet is abuzz with new information that may suggest Facebook is looking to make its own mobile device.
The thought process is simple: Facebook is currently built into a lot of the mobile software on mobile phones. However, now that Google (the creator of the most popular mobile operating system, Android) owns Motorola, it may deflect attention from Facebook to draw members to its own Google+ social network.
Therefore, Facebook needs to make sure that it stays on top of mobile social networking. Making its own phone is one way Facebook can retain users while defending its position as the United States’ preferred social network.
Facebook Phone Rumors
The climate for business in the United States is forever changing. During the booming economy of the early 2000s, businesses were man’s best friend.
Today, following bailouts, golden parachutes, and a pervasive belief that the financial companies are ruining the world, one has to take a step back to think about the current business environment.
As a Wall Street protestor might say, “Goldman Sachs is evil!” But if Goldman Sachs is evil, then shouldn’t Apple be 10x more evil? If wealth is greed, and greed is evil, Apple is the greediest of them all!
Goldman’s Evil: $52 billion
Anyone keeping up with this blog knows that I like Netflix Inc. (NFLX)
Recently they’ve taken the company in a different direction, choosing to move toward a full-streaming model and nearly make obsolete the DVD-by-mail portion of their business. The idea is simple: kill off DVDs, lay off workers and save nearly $1 billion. That is, of course, if they haven’t ticked off too many of their core customers already.
No More DVDs By Mail?
Apple Inc. (APPL) is taking a nosedive today on news that Steve Jobs will be taking a medical leave of absence. While this isn’t particularly good news, it isn’t that bad, either. Read more…
Apple stock was never on my radar until the PEG ratios caught up with the price of the stock. Now that Apple stock is seeing good fundamentals line up with the technical there is plenty of reason for an investment. With a PEG ratio of 1.34 it’s playable, that’s not a bad ratio for a stock in a premium industry like tech. Read more…
If Steve Jobs announces a new iphone as many expect, the next generation phone should bring some amazing marketshare. The apple way is to produce shiny, exciting products but lapse a bit on core features. The original iPhone was said to be the best smartphone though it lacked features like 3G, email support for business users, GPS, and came with only a modest selection of software because of the monopoly Apple imposes over its devices. Read more…
Bernanke talks the markets listen as the Dow has hit its second largest gain of the year jumping 212 to 11,011. Just as the Dow struck gains so did the NASDAQ 37.49 and the S&P 22.95. A very positive outlook on today’s markets. Read more…