Word: lowing
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...Facebook and MySpace are so pervasive and such a significant part of online culture, the press is endlessly fascinated by what goes on at the companies. Word got out that Facebook was raising money. Then it fired its chief financial officer. Analysts started to speculate that the company was low on cash. Facebook, of course, said that no such thing was true. (Read "25 Things I Didn't Want to Know About...
...Last year, News Corp had to admit that MySpace would not hit its revenue targets. That is usually not the hallmark of a property that is going to take over the Internet. Analysts believe that MySpace rival Facebook had revenue of $265 million last year. That is astonishingly low for a company that had 57 million unique visitors in the U.S. last month. And, Facebook also has a very large international user base. (Read: "MySpace Launches a Free-Music Revolution...
...request of the Obama administration, which has sought to force more rapid changes within the three beleaguered American automobile manufacturers that have received assistance from the administration’s multi-billion dollar bailout fund. GM lost $30.9 billion last year, and its share price has fallen to as low as $1.27 from a high of $35 three years ago. The company has been criticized for failing to anticipate plummeting demand for gas-guzzling SUVs and neglecting to explore energy-efficient technology, causing it to cede U.S. market share to foreign competitors such as Toyota. In particular, analysts have recently...
Young, who also noted that he thought that teacher membership in the commission had been low, added that he would remedy this by reconvening the group this summer and inviting more teachers to participate...
...economic downturn may have taken its toll on Harvard’s endowment, faculty, and janitorial staff, but it certainly hasn’t hurt admissions. This year the College accepted a record-low seven percent of applicants out of from 29,112 aspiring candidates. We congratulate the Class of 2013. Praise is also due to the admissions office for choosing such an extremely diverse group. The accepted class includes a record 10.9 percent Latinos, 10.8 percent African Americans, and 17.6 percent Asian Americans and comes from a record 82 different countries. Almost a quarter of the class is eligible...