Word: starts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
MySpace's story is an almost stereotypical coming-of-age tale for Internet start-ups, a modern-day bildungsroman of social networking. The idea was birthed in the seedy underworld of the Internet by the same folks who brought you such innovations as spam, the pop-up ad and spyware. The site itself was a rip-off, a hastily thrown-together clone of its predecessor Friendster. Both sites missed the heyday of the Web bubble, but there's something to be said for persistence and a good idea, and MySpace quickly grew far beyond anyone's expectations. (See TIME...
...site's massive growth made it an easy target for hackers, privacy advocates, parent groups, competitors and (fortunately for co-founders Tom Anderson and Chris DeWolfe) investors with fat checkbooks. But with its purchase by Rupert Murdoch's News Corporation, MySpace has gone from freewheeling, easy-living Web start-up to establishment player. And as it reluctantly approaches maturity, MySpace has new challenges to face, securing advertisers and innovating new features chief among them. Oh yeah - and a pesky little start-up called Facebook...
Since shoppers with bigger bills are less likely to make purchases, frugal consumers can carry hundreds as a form of self-control. From a recession-fighting perspective, however, self-control is Satan. The U.S. government is desperate for consumers to start spending again. So maybe the Obama Administration is approaching the economic stimulus the wrong way. Forget about tax cuts and grants to state governments. Just give people a bunch of $1 bills...
Ironically, what helped start the rally in mid March were upbeat words from Citigroup CEO Vikram Pandit about Citigroup's profitable performance during the first two months of 2009. Friday's stock market swoon, traders say, was partly triggered by cautious comments from Bank of America CEO Ken Lewis and JP Morgan Chase CEO Jamie Dimon, who both noted that March was proving to be a more difficult month than either January or February. As Dimon told Bloomberg TV while standing outside the White House after a group of bankers met with President Obama, "This downturn - it's pretty powerful...
...leading economic indicator, and today's loss notwithstanding, big investors may be betting on better news around the corner. "If you believe as I do that we'll be coming out of recession by year end, then this is about the time you would expect to see the start of a cyclical bull market," says Stephen Leuthold, president of Leuthold Group in Minneapolis, a firm with $5 billion in assets. Leuthold has studied stock markets and recessions going back to 1860. "We found that in all but two instances, the stock market began to recover about...