16 Year Old Desperate Housewives Actress Rachel Fox Day Trades

Really, this seems like a strange story to me. Why would an actress get into day trading stocks and try to gain publicity or attention for it? Doesn't Rachael Fox want to focus on acting? Or is this a way for her to get exposure and more acting jobs...she could have just traded stocks without seeking out exposure for it. Instead, she seems to be trying to start a business and company around it, with a website (www.foxonstocks.com) and so on. She's only 16 years old. Who's behind this - there must be someone behind the scenes sort

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Tagged cnbc, desperate housewives, facebook, fox on stocks, rachel fox

Would the Henry Blodget Who Used to Work at Merrill Lynch Say Buy Facebook?

The new Henry Blodget, who runs the Business Insider and shows up on CNBC from time to time, is very calm and rational, there's no pumping up stocks just because Merrill Lynch wants to do business with these companies. Ten to twelves years have gone by, it's a new day on Wall Street, and everyone deserves a second chance and Henry seems like a good guy. Back in 2000 though, during the tech bubble, when Blodget worked for Merrill Lynch, he gave conflicting ratings of stocks, publicly he touted Internet stocks as buys, privately though, he berated them. I'm

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Tagged cnbc, facebook, fast money, Henry Blodget, merrill lynch

Facebook to Go the Way of the Dodo Bird in Five Years

If you've been watching the news or reading the LA Times, you're well aware of Facebook's efforts to add more of the right kind of users. And they're not adding the types of users they would like or are best for growth. Teens aren't as in love with the site as they once were. And they're adding older folks and might even allow users who are under thirteen. These are all bad omens for Facebook. It seems a bit desperate. Who wants to be where their Mom and Dad hang out. Plus, Facebook is becoming a

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Tagged adding older folks, facebook, going to disappear, under 13 users, way of the dodo bird

Mark Cuban Just Wanted to Remind You How Rich He Is

Mark Cuban, who bought 150,000 shares of Facebook with an average price of $32.49 just tweeted that he didn't notice the drop in Facebook's stock and he's not in the least worried about being down close to half a million on this "very small" investment - as of this writing with Facebook trading at around $29.11 he's down over $500,000. It's chump change the Shark Tank and Dallas Mavericks owner host implied. And then added, you see how much money I lost on the Lamar Odom Kardashian trade? He then went on to add how he's fearless

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Tagged doesn't pay attention to small moves in stocks, facebook, facebook ipo, he's rich, lamar odom kardashian, mark cuban

Marc Andreessen on Facebook Three Years Ago

Here's someone who might know a thing or two about Facebook, Marc Andreessen, who sits on the board and just so happens to own roughly 6,607,131 shares in the company. I wonder if he sold any on the IPO? But he kicks off his Charlie Rose interview from three years ago talking about Facebook - starts at the 2:25 minute mark and is all about Facebook for about the first six minutes. Andreessen is of course the founder of Netscape and a financial backer of Skype, LinkedIn, Twitter, Instagram, and so on. In other words, he's a genius and picking

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Tagged ads on the facebook homepage, charlie rose, facebook, marc andreessen, mark zuckerberg

Mark Zuckerberg Plans on Buying These Companies, Too

Every Silicon Valley company does it after an IPO: splurge on some companies they don't necessarily need but want. And it's almost a way to flaunt their new found wealth in a covert way, saying said purchase is all about helping the company or even the world and humanity. Seeing how Facebook's purchase of Instagram for $1 billion was a wise move many say, Mark Zuckerberg is now planning on making a few other smaller purchases, a few add-ons let's say. One might even say throwaways. Just a few companies that he loves and believes will help him

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Tagged adidas sandals, facebook, instagram, mark zuckerberg, meat, nonsense, ray bans, taco truck

After Instagram Acquisition, Will Facebook Get Stronger?

Facebook has given further details on the $1b Instagram acquisition. It will involve $300m in cash and $700m in stock (23m of Facebook shares estimated at nearly $30 a pop). Now, I know what you are thinking. Paying $1b for a 2-year old, funny, photo sharing app that just makes your photos look “old fashioned”, while yet to make a cent of cash, is probably too much. But, that's the way the industry works now. It is a sad reality that Facebook doesn't intend to make any direct cash from the $1b purchase, but they would rather have access to

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Tagged facebook, instagram

Hank Greenberg Predicts Facebook Will Buy Netflix

CNBC's Hank Greenberg rolled out his 2012 predictions and his last one was quite a doozy: Facebook will buy Netflix. Why? Well one reason he gives is Netflix CEO Reed Hastings sits on Facebook's board of directors. It's not out of the realm of possibilities, but surely a reach. Even though Netflix's market capitalization is $3.53 billion as I write this, it seems far fetched the more you think about it. Although with Facebook set IPO in the next six months, they would have the money for acquisitions. In the end though, this seems more like a pray,

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Tagged facebook, hank greenberg, Netflix

Rogue Trader’s Last Message on Facebook: Need a Miracle

Sadly in many ways, the rogue trader's Facebook plea went unanswered and he of course was arrested for fraud.

As Switzerland’s central bank imposed a limit on the franc’s appreciation against the euro on Sept. 6, UBS AG (UBSN) trader Kweku Adoboli’s Facebook profile had a plea for his friends: “Need a miracle.” (Bloomberg)

Friends of stock traders: If you see desperate messages on Facebook from a trader friend, and own stock in said friend's company, UBS in this case, it might be time to get out. And get out fast. Miracles do happen, but not when you want them

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Tagged facebook, need miracle, Rogue Trader

Craziness: Facebook $100 Billion IPO

I just don't understand how Facebook can be worth that much money. It seems absurd that a social networking site can generate the advertising money to warrant an IPO of $100 billion. People don't go on Facebook to buy stuff. But what do I know. I thought Mark Zuckerberg should have sold the site to Yahoo when he had the chance for $1 billion. Facebook's earnings last year were around $600 million, and are supposed to only increase, but I just don't think Facebook can grow their earnings over time. I see them dropping off, as Facebook

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Tagged bubble, craziness, facebook, ipo