CNBC

Here’s What We Know So Far About The Shutdown At The NASDAQ

Source: http://www.businessinsider.com/confusion-over-the-nasdaq-2013-8

nasdaq omx

Trading on the NASDAQ halted Thursday afternoon due to a technical issue with something called UTP SIP quote dissemination.

UTP, or “unlisted trading privileges” refers to the ability of other exchanges to trade stocks on the NASDAQ and SIP (“securities information processor”) is the system by which NASDAQ sends quotes of those securities to other exchanges.

Exchange officials are scrambling to a) figure out what happened and b) resume trading safely. At this point, everyone is just confused. From the Wall Street Journal:

“It’s really shocking. We’re stuck,” said Ramon Verastegui, head of global engineering and strategy at Société Générale. “If we want to trade Apple, we can’t.”

With no new updates, CNBC pundits were locked in a talking heads decabox.

The “market is too complicated” and “ridiculously complex” said former Nasdaq Vice-Chair David Weild to CNBC.

Both the NYSE and the BATS Exchange stopped trading in all NASDAQ-listed Tape C securities, per NASDAQ’s request. Tape C securities are listed on the NASDAQ or NASDAQ Small Cap exchange.

NASDAQ now says it will resume trading between 2:45 and 3:10 ET, but it had been largely radio silent since its 1 PM alert:

NASDAQ intends to re-open trading in all Tape C securities with a halt cross wi! th a 5-m inute quote only period starting at a time to be determined.  NASDAQ will not be cancelling open orders on the book.  Customers who wish to cancel their orders may do so and any customer who wishes to not participate in the re-opening should cancel their orders prior to the resumption of trading. Additionally, NASDAQ will clear all stale quotes from the UTP SIP prior to the commencement of trading.

A low volume day should mean the NASDAQ can get back on its feet, according to CNBC. But we’re still waiting.

 


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Thursday, August 22nd, 2013 news No Comments

Half Of The American Public Thinks Facebook Is A Passing Fad

Source: http://www.businessinsider.com/chart-of-the-day-facebook-popularity-2012-5

Despite the fact that Facebook has 900 million users, almost half of people think it’s a passing fad.

CNBC and the AP surveyed 1,003 Americans about Facebook and found 46% think it will fade away. Amusingly, only 31% of the people surveyed think it’s a bad investment.

chart of the day, facebook popularity, may 2012

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Wednesday, May 16th, 2012 news No Comments

Source: http://gizmodo.com/5889060/k+cups-not-only-make-bad-coffee-they-make-bad-environments

K-Cups Not Only Make Bad Coffee, They Make Bad EnvironmentsI’m drinking coffee made by a K-Cup machine right now and it sucks. A lot. But alas, I’m too lazy to get a much better cup at the cafe around the corner. That said, after learning that all of those K-Cups are piling up in landfills—and not being recycled—I may have to reconsider.

According to CNBC, the way K-Cups are constructed, they can’t be recycled. Paper and foil are strongly adhered to the plastic capsule making so that sorting facilities can’t separate the materials. So those cups are destined for a single use and nothing more.

So yeah, maybe you hate yourself (like I do), and don’t care what you consume. But maybe you shouldn’t hate the planet more than you hate yourself? [CNBC via Discovery via Treehugger]

Image via Michael Dorausch

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Wednesday, February 29th, 2012 Uncategorized No Comments

Hate To Be Rude, But Facebook Is Not The Next Google. It’s Not Even Close (GOOG)

Source: http://www.businessinsider.com/chart-of-the-day-hate-to-be-rude-but-facebook-is-not-the-next-google-its-not-even-close-2012-1

Information about Facebook’s 2011 revenues and operating profits leaked last week, just ahead of this week’s expected IPO filing.

If CNBC’s reporting is accurate, the numbers are disappointing for a company that’s supposed to be valued at $75 billion to $100 billion when its shares start trading.

Revenues came in at $3.8 billion, less than an expected $4+ billion. Operating profits were $1.5 billion, less than an expected $2 billion.

Facebook’s results look particularly disappointing in comparison to Google’s first seven years of business. We’ve drawn out that comparison below. 

The comparison is actually worse than it looks. Remember, Google was born at time when Internet usage, and online ad spending, wasn’t even half of what it is today. 

The fact is, Facebook is a huge consumer hit – 850 million people us the site each month – but it’s ad products are not, really. 

Google’s ad products are business magic. Consumers see ads for products that they literally want to see. 

So far, Facebook hasn’t found that kind of magic. Investors looking at Facebook’s S1 filing this week will have to wonder if it ever will.

chart of the day, revenue after launch for tech companies, 01/31/12

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Wednesday, February 1st, 2012 news No Comments

Guy Wins $1,000,000 For Pitching A Perfect Game…In A Videogame

Source: http://gizmodo.com/5532088/guy-wins-1000000-for-pitching-a-perfect-gamein-a-videogame

Guy Wins src=The folks at 2K Sports offered $1 million to the first person to pitch a perfect game in Major League Baseball 2K10—a supposedly difficult task. 24 hours after the game was released, they had to write a check.

Using Braves pitcher Kenshin Kawakami as his avatar, 24-year-old Alabama resident Wade McGilberry was able to complete his million dollar game in less than 90 minutes after returning home from work.

Great news for Wade because he recorded his attempts according to 2K Sports’ rules, but not so great news for them because as “insurance companies couldn’t possibly come up with the odds of throwing a perfect game, 2K Sports didn’t take out insurance and now will pay McGilberry a lump sum of $1 million out of its own pocket.” Oops. [CNBC via Sporting NewsThanks, Ezra Tenenbaum!]

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Wednesday, May 5th, 2010 news No Comments

Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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