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Special Device Help Prevent Suddent Infant Death

Special Device Help Prevent Suddent Infant Death

Researchers from Germany's Fraunhofer Institute for Reliability and Microintegration IZM in Berlin has developed a new breathing sensor system that help prevent Sudden Infant Death Syndrome (SIDS). This syst...

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University Installs Grass Lawn in School Library

University Installs Grass Lawn in School Library

Cornell University has built a grass lawn inside their school library as a part of a project of their institution's Department of Design and Environmental Analysis. The department is currently conducting a r...

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Wash Your Clothes in a Portable Washing Machine [Video]

Wash Your Clothes in a Portable Washing Machine [Video]

Meet, the Scrubba, a portable washing machine, in form of a bag. This wash bag, allows people to do their laundry, on-the-go. The Scrubba is a lightweight, foldable bag that features small nodules to help sc...

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Fart-Deodorizing Underwear Sold in Japan

Fart-Deodorizing Underwear Sold in Japan

Thanks to Japan's new invention, the Deoest underwear, extreme farters can now release their foul smelling gas and prevent people near them from fainting. It is a fart-deodorizing underwear, created by Profe...

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Facebook reportedly offered to buy Snapchat for $1 Billion

Written on October 28, 2013 by Chris

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Snapchat claims that their users send over 350 million photo messages daily

Facebook reportedly offered $1 billion to purchase the mobile photo messaging app, Snapchat. According to some industry sources, the bid was declined by Snapchat CEO Evan Spiegel.

Facebook has also acquired Instagram for the same amount last year and has introduced a similar mobile messaging service named Poke. Snapchat was said to have over 350 million photo messages sent daily by its users.

Both Facebook and Snapchat has not comfirmed this rumor.

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Facebook to Sell Stocks at $25 to $35 Per Share

Written on May 04, 2012 by Lulu

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Facebook to go on Public on May 18. Company shares to get expensive as launch nears.

Facebook is set to go on public this May. You can now own a piece of Facebook at the price of $25 to $35 Per Share.

Based on the papers they filed last Thursday with the U.S. Securities and Exchange Commission, the social networking giant will be worth as much as $86.6 billion once it goes public on May 18th. Stock prices are also predicted to increase as the day of the launch nears.

Facebook seem to be a good investment, so if you can afford it, purchase as many shares as you can.

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Facebook’s Revenue Doubled to $1.6 Million in First Half

Written on September 08, 2011 by Avlya Jaie

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Facebook continues its quick pace of financial growth, with the social site doubling its revenues in the first half of 2011 to $1.6 billion.

As disclosed by Reuters’ sources, Facebook Inc. has doubled its revenues to $1.6 billion in 2011’s first half from only $800 million a year earlier. The social site’s net income for the period came to almost $500 million – as confirmed by a source who wished to remain unknown – since Facebook is a private company and does not have any intentions of publicizing their financial reports.

EMarketer, meanwhile, claimed that the company attained a revenue of $1.86 billion last year — leading them to speculate that Facebook might hit $4.05 billion in global revenues before the year of 2011 ends. A representative from EMarketer even noted that Reuters’ report is “on track with our estimates,” especially since the last two quarters of the year tend to collect more sales compared to the first two quarters.

Facebook’s ever-growing financial performance comes, as rumors swirled over its plans of releasing an IPO sometime in 2012. The company has undeniably reached a good standing in the secondary market this year, even though several stock market issues arrived over the summer.

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Poor Markets May Delay Zynga IPO Until November

Written on August 30, 2011 by Avlya Jaie

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Zynga, the popular social games creator, might postpone its plans for an Initial Public Offering (IPO) due to poor market conditions.

Due to some poor market condition issues, people might not see Zynga’s plans for an IPO until November of this year.

According to the sources of The New York Post, the social gaming company is facing hindrances because of several “rocky stock markets” affairs, making them unable to release its IPO next month as originally scheduled.

If you could remember, Zynga – the company behind such popular social games, including FarmVille, CityVille and Mafia Wars – confirmed last June that they wanted to go public. They even aimed to raise $1.5 billion to $2 billion in its IPO. But after encountering a debt ceiling debate in summer, Zynga became incapable of fulfilling their plans.

Zynga is just one of the many social media IPOs that is slated to be launched in the upcoming months. Groupon, another renowned social media IPO, has also faced series of delays due to SEC accounting concerns. Up to now, the social games’ maker remains silent with regards to this matter.

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Zynga, Preparing to Get an IPO

Written on June 29, 2011 by Lulu

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The company behind the smash hit games FarmVille and CityVille, Zynga, will file their IPO in preparation of their upcoming plans.

The company behind the hit games CityVille and FarmVille, Zynga, is preparing to file a registration documents with the SEC as early as Wednesday. The social gaming juggernaut company could have its IPO this coming fall.

According to a report from CNBC and GreenCrest Capital, Zynga is hoping to have a raise on their profits between $1.5 and $2 billion dollars. That scenario could put Zynga’s valuation to $20 billion. Based on the GreenCrest notes, Zynga’s revenues for this year are trending toward the $1.5 billion mark. Its also operating with a profit margin of 40%.

Zynga had proven that they can repeat the success of their hit games FarmVille CityVille. The company also shown that they have great plans for the future with some smart acquisitions over the past months.

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Facebook and Google on IPO

Written on January 11, 2011 by Japhet Writ

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The similarity between Google and Facebook is that the former didn’t want too much oversight or influence on its management by outsiders, and clearly, the latter wants the same deal.

Search engine giant, Google, and the most popular social networking site, Facebook, has something in common when it comes to IPO. Both Facebook and Google didn’t want too much influence from outsiders when it come to their management. From the start, it was clear that Google wanted the money but not the oversight that comes with being a public company. In a similar way, Facebook with its Goldman deal, can raise capital from investors and avoid influence of their management.

However, Searchblog’s John Battelle believes that Facebook must be made accountable to the public. He pointed out that a company that stores a tad full of private data, must enable the public to review its practices and finances. In addition to this, Facebook must allow the people to question its intentions in a way that is supported by collective and legally codified will.

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When Will Facebook Have an IPO?

Written on January 04, 2011 by Japhet Writ

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Since the news broke, there have been a lot of questions about the Goldman Sachs' “special purpose vehicle”. Why is Facebook choosing to raise more money through Goldman Sachs? And when will Facebook finally have an IPO?

News are being dominated today with headlines, saying that Facebook has raised $500 million from Goldman Sachs and Digital Sky Technologies. In addition to this, the social network plans to raise another $1.5 billion through Goldman Sachs’ “special purpose vehicle”. This plan, however, raised some questions. The key inquiry is why would Facebook want to raise more money through Goldman Sachs? Will Facebook finally have an IPO?

Based on SEC regulation, companies with more than 500 shareholders are required to disclose their earnings to the commission. But Facebook doesn’t want that kind of headache, hence Goldman Sachs came up with a clever workaround — it will represent thousands of investors on their behalf. Simply put, Goldman Sachs is helping Facebook circumvent the system, so there’ll be no need to report earnings via IPO.

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