Here is what Bloomberg says:
Here is how the Google stock did today:
After hours decline is over 5%.
As you can see from the first image, Reuters say cost surge under new CEO. How long has been he the CEO now? 10 days. He took over on April 4th. I am not sure if he spent all that in 10 days. May be he did. Whatever.
This is completely based on information available on the internet. My knowledge about the matter is only as good as how much I heard it on the Internet.
I don’t know about the legality of the whole model but it sounds good for the consumer. If I have an Apple device, I can get the best deal from any publisher right there because they are not allowed to give out deals elsewhere that is not available in the app store. Now I don’t need to worry about not getting the best deal, at least from that publisher. I don’t care how much the publisher or Apple makes out of sale as long as I am getting the best price.
I cannot take food and drinks to a movie theater. I have to buy them in there if I want to have them. So, why not Apple?
Publishers will go where the customers are, right? If not, they just miss the business opportunity. How much are these publishers making anyway? How much is the artist or the writer gets? May be writers are artists can directly start publishing on the Apple platform and get a bigger cut.
Today is Jan 31, 2011
Wall Street has a new issue to gamble over your money – Egypt. Over the next few weeks or months we will see on alternate days or may be alternate weeks, stocks will go up saying Egypt concern eased or something else outweighs Egypt concern or something like that. Then they will sell off saying Egypt concerns outweigh everything else. There probably wouldn’t be any change in Egypt situation while all these ups and downs are happening at Wall Street. I don’t know who is losing money over all these. Or may be it is the lazy media that either doesn’t understand what is going on or are plain lazy to the job of analyzing the situation at Wall Street.
Blame it on Egypt, boys.
Here is the first one I noticed.
Here we go, on Feb 3, 2011
Whoa, I didn’t think I would get another one that fast.
Today is September 23, 2010. Within the first two hours of trading the started down around 80. Then it went up and then down again. The news accompanying that were like this:
US Stocks down on job data.
US Stocks pare losses on strong existing home sales.
US Stocks down as European fears outweigh strong home sales.
If this is how the Wall Street make decisions there is doubt we want strong laws to curb the gambling. Whose money are they gambling with? I think a lot of it is your and my retirement funds. Then they fail and we pay using our current income.
There is no long term strategy, there is not even an understanding of current situation. It is all shoot from the hip or big boys club is playing with all of us poor bastards.
I don’t think anyone can claim this as Capitalism. This is just gambling and has nothing to do with Capitalism.
Here is a snapshot from Google finance home page. Look at that graph. When was the last time you saw them going in three different directions?
