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- How Guyana took Christmas Cheer to the children of South Africa - by Francis Quamina Farrier
- 'America's Dr. Mengele': The Jewish Biochemist Backed by the CIA Who Experimented on Thousands
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- Guyana: " Small days is still on my mind; Small days is a good good time"- By Geoff Burrowes
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- Trinidad: New Polymer $100 Notes: ‘Barber’ goes to bank with over $1 million cash
- Guyana Politics: ‘Change Guyana’ Region 10 policy mirrors APNU+AFC’s 2015 manifesto
- Guyana: ” Small days is still on my mind; Small days is a good good time”- By Geoff Burrowes
- ‘America’s Dr. Mengele’: The Jewish Biochemist Backed by the CIA Who Experimented on Thousands
- UK Elections: Conservatives sweep could transform British politics – opinion
- Police eye Lamaha St. railway embankment to relocate city bus parks
- How Guyana took Christmas Cheer to the children of South Africa – by Francis Quamina Farrier
- Opinion: Dim Future For Caricom Sugar | David Jessop
- Video: How Much Money Is Enough? The Story Of The Mexican Fisherman
- U.S: The black vote is not monolithic but there is too much at stake for divisiveness – By Mohamed Hamaludin
- Police and Body Cameras—Action ! Cut! What about Citizen’s Privacy? – By Yvonne Sam
- It’s not about Race or the Lesser Evil: It is about the promise of Transformation – Dr. David Hinds
- Georgetown City Council accuses Houston Estates of multi-million-dollar tax fraud
- Open letter to His Excellency Jovenel Moise, Président of Haïti – By Jean Hervé Charles
- Linden Fund USA (LFU) launches computer hub in Linden + video
- Guyana Elections: US: Only interest in elections is that it be free, fair and peaceful
- Caribbean Politics: Grenada and Dominica hit back at Al Jazeera documentary
- Guyana Politics: APNU+AFC seeks to link US State Department official to PPP image makeover firm
- Music Lyrics on the shelf – By Dave Martins + 3 videos
- Iwokrama, and venerable to vulgar in four days -By Dennis Nichols
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- kamtanblog on Guyana Politics: ‘Change Guyana’ Region 10 policy mirrors APNU+AFC’s 2015 manifesto
- kamtanblog on Guyana: ” Small days is still on my mind; Small days is a good good time”- By Geoff Burrowes
- Clyde Duncan on ‘America’s Dr. Mengele’: The Jewish Biochemist Backed by the CIA Who Experimented on Thousands
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- kamtanblog on UK Elections: Conservatives sweep could transform British politics – opinion
- Anthony G Bollers on Police eye Lamaha St. railway embankment to relocate city bus parks
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Why Facebook’s Plummeting Stock Price Is a Good Sign
Why Facebook’s Plummeting Stock Price Is a Good Sign
By YUVAL ROSENBERG, The Fiscal Times
Facebook (FB) stock tumbled again Tuesday – and despite the hue and cry that has intensified as the share price has deteriorated and as more and more revelations emerge about the IPO process, the slide is not necessarily a bad thing.
The stock, which went public at $38 a share and opened for trading Friday at $42, has since plunged more than 25 percent to close Tuesday at $31.12. Facebook, which had been valued at $104 billion, is now worth $85 billion – still well above the value some pre-IPO analyses assigned the company.
Admittedly, the steep drop so far has been painful for more than a few on Wall Street. The stock’s weakness has fueled criticism of the Nasdaq exchange, which experienced trading glitches, and the underwriters, particularly Morgan Stanley (MS), which has come under attack for its pricing of the IPO, for increasing the amount of shares sold in the initial offering – and, as Reuters reported on Tuesday, for cutting its revenue forecasts for Facebook just before the company went public.
The heads of the Securities and Exchange Commission and the Financial Industry Regulatory Authority said Tuesday that they would be looking into the IPO and those related issues. [read complete article]
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