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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Facebook continues to be whipsawed and other major names like Google, Amazon, Netflix, and Microsoft fell in sympathy with their social media favorite. Businesses should do well as they bask in the lower corporate tax rate, which fell from 35% to 21% at the beginning of 2018. Gas prices remain below $3.00

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

percent in 2004, a decline of 1.1 By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. High-tech employment fell from 12.1 percent of all jobs in 2001 to 11.3 What caused a dot-com bubble? The Y2K scare also had companies pouring money into tech firms.

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Soda Wars Summer

PYMNTS

The Ad Age story notes that it will also be supported by TV advertising, social media efforts and a summer-long “experiential” tour. The app will also allow users to record a 15-second “digital lip-sync video” that can be shared on social media using the hashtag #ShareaCoke, the brand told Ad Age.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

That skyrocketing popularity is likely what made Rupert Murdoch’s News Corp think it was worth spending $580M to acquire the social network. And in the short-term, that would have looked like a good deal, as the social media site hit its peak in 2007 at a value of about $12B. stock-for-stock deal. AOL and Time Warner.

Google 76
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11 Lessons From Startup Chapter 11s

CB Insights

The marketplace blended crowdsourcing and social media to create hype around new inventions; help inventors find partners, funding, and manufacturing resources; and sell their gadgets to major nationwide retailers such as Home Depot and Target. Founded: 2004. The company began life as Document Command in 2004.

Apple 78
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The Curious Case For Breaking Up Tech Giants

PYMNTS

And that we should do that not because they’re tax evaders or evil — all things he said they, like all of us, are. They examined anonymized tax data starting in the 1940s until 2015. In 2004 in the U.S., A famous one is the correlation between sunspots and murder rates — there is none. What they discovered was sobering: 56.5

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When Corporate Innovation Goes Bad — The 116 Biggest Product Failures Of All Time

CB Insights

SPOT Watches, Microsoft (2004). MSN was no one’s favorite web portal, and by 2004 there were many better ways to get stock quotes, weather, and other information than through this clunky watch. Wave was an ambitious platform designed to keep people connected as a combination text and social media platform.