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Thursday, May 31, 2012
Gang Members Accept Cop's Friend Request, Get Arrested, Are Idiots [Bad Ideas]
Wednesday, May 30, 2012
ACTIVE REAL ESTATE FORECLOSURES FOR SALE ? Short Sale ...
ACTIVE REAL ESTATE FORECLOSURES FOR?SALE
Posted by Short Sale Magna on May 30, 2012 ? Leave a Comment?
ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN S.L.C ? UT 05/06/2012: ACTIVE REAL ESTATE FORECLOSURES FOR SALE IN Salt Lake City http://ow.ly/aJfMY
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Tips On Diy Home Improvement
Choosing to redo your house is an excellent expense. Even so, it may be a little bit overwhelming. If you would like improve the price of your premises or simply make it more livable here are some great recommendations.
Prior to do anything inside a place, look at the paint. It is best to paint the area before you set up new flooring surfaces. Although you can use a fall fabric to guard points although you?re piece of art, it?s preferable to steer clear of the issue fully if you can.
Switch off normal water when you are performing bathroom or kitchen redecorating tasks. Using shutoff valves is really a part in any undertaking that involves pipes. This can end your home from floods.
Talking with a real estate agent is probably the guidelines on how to discover which home improvements will add by far the most worth in your particular property. They are fully aware what people are searching for and what will help sell a home.
Gutters can get plugged inside the tumble and winter months, triggering severe water flow troubles in the summer. Stopped up rain gutters will overflow across the ends of your residence and will even cause normal water to seep into your basements. Thoroughly clean out the rain gutters before comes about.
Don?t ignore the place outside your house. Component of your back garden can work as further living space. A yard outdoor patio is the perfect room for relaxing, barbecuing and engaging.
Should you be in the house with small space, and don?t hold the place for a washer and dryer, take into consideration getting a device that mixes both with each other. Combination units are great for tight-fitting places. With one of these combo models, you are able to rinse clothes and dry them in one model.
Sign up for any incandescent bulbs you may have and change them power efficient bulbs. They save you money on the cost of electricity, are great for environmental surroundings, stay longer than traditional bulbs and give off a lot more lighting. So swap out your older lamps for energy-efficient types.
Have you investigated a house and pondered if the quantity of toilet they have is going to be okay for yourself and your family? Washrooms bring about house value. By adding yet another bath tub to your house, your home?s worth will significantly boost.
Try out a new mailbox for several simple redesigning. A new mailbox can add entrance charm to your house. Do check your nearby regulations on needed distance from your road to ensure there is no need for taking it down later on. This should just take a couple of hours, producing to get a fast task.
If you are searching for an easy way to offer your home?s wall surface an encounter life, consider using paneling. This can be a fast and relatively inexpensive way to help make your residence seem completely new. If you decide that you simply do nothing like the look of the panels, you could always remove them with minimum harm.
Increasing your house to your needs is entirely possible. There are numerous residence installers you could retain the services of, even though initially ensure that the venture is just not something that you can care for on your own. Utilize the advice that you?ve just figured out for your own reconstruction undertaking.
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The Real Magical Moments And Orlando Wedding Photography
Home | Arts & entertainment | Photography
Among the precious occasions in your life, wedding is an unforgettable event as well as a celebration which you may like to cherish all through your life. When it comes as a special occasion along with your family, the new season of a life begins from where the ceremony starts. These precious moments will be converted into sweet memories when you dream of the same at a later stage. But the feeling of reality is brought back when all those precious moments are transferred into an exceptional photo or a lively video album. It is none other than a professional photographer who can clearly depict your magical presence into a mesmerizing digital collection.
The right combination of artistic skills moves in to the right direction where a professional videographer or a photographer succeeds. The genius can make a frame in which you and your beloved ones appears in the prince and princess format. You will look so gorgeous in your wedding dress and ornaments where the genius photography can sense it on a double the effect. If you are from Orlando in Florida, the experts are close to you as you can easily find the professional photography company called ?A Magic Moment? above 15 years of experience in the similar field. The trademark of their expertise is a kind of artistic skill combined together to approach each wedding occasion in a different mood based on the situations. They really give importance to the requests of the couples too if they wish to have some variety shoots and poses of their imaginative thoughts. Apart from the color photos and videos, custom applications are made by them in the wedding albums like black and white, contemporary, photojournalistic and traditional approaches to feel the variety.
The team of ?A Magic Moment? is very serious to emphasize the most elegant moves and angles of the couples at which they look so stunning. They floating to cover all the inch to inch part with most care and the same is also taken to avoid the chances for taking the ambiguous photographs within the very valuable timeframe of the occasion. The emotions and the customary deeds are clearly and sensibly captured by the wedding photographer in which you can suggest your preferred editing style also. They are offering you very competitive wedding photography packages and too flexible according to the level of style and budget of their clients.
The use of top quality photography equipments and techniques with a wide coverage in the areas like Jacksonville, Palm Beach, Miami etc. are making them so popular in the industry. They will unite and utilize all their logical applications to capture the real magic moments of your life as a dedicated Orlando wedding photographer.
About the Author
To capture your magic moments in your life, we provide you the best wedding photographer in Orlando. Orlando photographer has been providing photography and wedding video in Orlando FL since 1996. To know more about orlando wedding photography please visit online.
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Mississippi Small Business Person of the Year Charles Fuqua Jr ...
MOSS POINT, Mississippi - Charles E. Fuqua Jr. of Moss Point has a work ethic that has garnered him state and national recognition.
He was recently named Mississippi Small Business Person of the Year. He and his wife, Deanna, made their first trip to Washington, D.C., last week to attend the National Small Business Week Conference. He was honored at an awards ceremony, as well as winners from the other states.
"It was a humbling and great experience. We had the opportunity to stay in a beautiful facility, receive a lot of training and hear great speakers," Fuqua said.
He is the owner and operator of Four Seasons Lawn Care LLC in Pascagoula, a full- service lawn care business that provides maintenance to residential and commercial properties from Gulfport to Mobile.
Fuqua is the seventh consecutive generation in his family to be self-employed. Originally he was employed as a factory trained automotive technician for Ford Motor Co., when he borrowed his mother's lawn mower to earn some pocket change.
The demand for his side business grew. In 2005, two months before Hurricane Katrina, he started his own company, Four Seasons Lawn Care.
"We live in northern Moss Point, and the house got hit by a tornado during the hurricane, causing close to 50 percent damage," Fuqua said.
The family lived in a hotel room for seven months while rebuilding their home and getting the business off the ground.
"There was very little demand for cutting grass when people were rebuilding. We helped them get their lives back to normal, removing debris, cleaning up yards and tearing down old sheds," he said.
Once the Fuquas returned to their rebuilt home, the business started to grow. He added installation of sprinkler systems, landscape design and full service landscaping.
While Fuqua was operating his business, coaching his children's soccer teams, volunteering in the community and at Lilly Orchard Baptist Church, he also was a full time student at Mississippi Gulf Coast Community College.
He graduated with a 4.0 grade-point average with a degree in horticulture.
"That was a higher grade-point average than I had in high school," Fuqua said.
In March, he expanded and opened Four Seasons Garden Center at 4905 Chicot St. in Pascagoula. His company is now able to offer retail garden goods sales as well as the lawn maintenance service.
Four Seasons Lawn Care has grown into a full-service landscaping business with an average growth of 75 percent annually, 19 employees and annual revenues of about $500,000.
Fuqua has received assistance from the University of Mississippi's Small Business Development Center in Moss Point, and he is a tenant of the Jackson County Small Business Incubator in Moss Point.
It was the incubator's director, Janice Mabry, who nominated Fuqua for Small Business Person of the Year. She described him as a sponge, able to efficiently determine which advice was valuable and appropriate for the betterment of his company.
"He represents small business owners in the best possible way," Mabry said.
While he has not received a loan from the Small Business Administration, Fuqua said he has used its business counseling services.
"It's critical that business owners be aware of where they are with their growth. The SBA can provide help," said Jorge Silva-Puras, regional administrator for the U.S. Small Business Administration.
Fuqua said at the conference, he enjoyed meeting fellow small business owners "who have a passion for their particular businesses."
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Saturday, May 26, 2012
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sketches from the other side: back to the basics
A great regret of mine has been that I have been unable to access any of the very nice looking water sports equipment.? You need a license to rent out the sailboats, sailboards, kayaks, etc.? Even though SB is an expert sailor (his father was a professional racer) he was unable to convince anyone to allow him to take a test to prove his abilities.? He couldn't event enroll in the advanced sailing course because the LCSD system forces you to start at basic and work your way up.? We tried for years to enroll in the weekend basic sailing courses but never found any openings.? Finally this summer we agreed that we couldn't stand another summer of having to travel to private venues to rent mediocre water craft at cut-throat rates so we decided to take weekday courses in order to obtain the necessary certificates.
We filled out ballots for any and all basic sailing and windsurfing time slots so now we are waiting to see if we made the cut to any of these very popular courses.? We ran into a few problems when filling out the ballots because everything at the Happy Valley LCSD booking office was printed in Chinese but we just barely had the skills to understand the forms.? If we make the course, we will immediately go back to the booking office and attempt to enroll in the next level class; each level allows for access to faster equipment.? My goal is to eventually get myself catamaran permission while SB is eying the sailing races.
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Sibling Bond- Vent - Adoption.com Forums
Both of our dh's have jobs were they are gone in evenings and sometimes overnight so the majority of the care taking is by us. I really thought several weeks ago the children would RU within month or so but now it's really looking like Tpr would be in near future. Of course by the time anything is finalized thru the courts, these babies will no longer be babies.
DHS is really putting the pressure on us to either take both babies or they will be moved to another home. birthmom has caused misery to every other foster home that has had the babies so no one keeps them for very long. She comes up with allegation after allegation at every weekly visit. Since we have had the babies, she has not said a negative word but we have also known her for a very long time. I know the sibling bond is extremely important and many times (at least one weekend a month) the other fm or I keep the other sibling over night so they can spend time together. Too be honest, they are so young they don't acknoweldge eachother yet.
I just feel like it's not fair for one of us to be forced to take on another baby and i'm not sure either of us can. My fd was a wreck when i got her and she has been thriving since we had her. Even casa worker recently commented on how she is a totally different baby. I'm just so nervous no one will care and they will be moved
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Commonly used pesticide turns honey bees into 'picky eaters'
Biologists at UC San Diego have discovered that a small dose of a commonly used crop pesticide turns honey bees into "picky eaters" and affects their ability to recruit their nestmates to otherwise good sources of food.
The results of their experiments, detailed in this week's issue of the Journal of Experimental Biology, have implications for what pesticides should be applied to bee-pollinated crops and shed light on one of the main culprits suspected to be behind the recent declines in honey bee colonies.
Since 2006, beekeepers in North America and Europe have lost about one-third of their managed bee colonies each year due to "colony collapse disorder." While the exact cause is unknown, researchers believe pesticides have contributed to this decline. One group of crop pesticides, called "neonicotinoids," has received particular attention from beekeepers and researchers.
The UC San Diego biologists focused their study on a specific neonicotinoid known as "imidacloprid," which has been banned for use in certain crops in some European countries and is being increasingly scrutinized in the United States.
"In 2006, it was the sixth most commonly used pesticide in California and is sold for agricultural and home garden use," said James Nieh, a professor of biology at UC San Diego who headed the research project with graduate student Daren Eiri, the first author of the study. "It is known to affect bee learning and memory."
The two biologists found in their experiments that honey bees treated with a small, single dose of imidacloprid, comparable to what they would receive in nectar, became "picky eaters."
"In other words, the bees preferred to only feed on sweeter nectar and refused nectars of lower sweetness that they would normally feed on and that would have provided important sustenance for the colony," said Eiri. "In addition, bees typically recruit their nestmates to good food with waggle dances, and we discovered that the treated bees also danced less."
The two researchers point out that honey bees that prefer only very sweet foods can dramatically reduce the amount of resources brought back to the colony. Further reductions in their food stores can occur when bees no longer communicate to their kin the location of the food source.
"Exposure to amounts of pesticide formerly considered safe may negatively affect the health of honey bee colonies," said Nieh.
To test how the preference of sugary sources changed due to imidacloprid, the scientists individually harnessed the bees so only their heads could move. By stimulating the bees' antennae with sugar water, the researchers were able to determine at what concentrations the sugar water was rewarding enough to feed on. Using an ascending range of sugar water from 0 to 50 percent, the researchers touched the antennae of each bee to see if it extended its mouthparts. Bees that were treated with imidacloprid were less willing to feed on low concentrations of sugar water than those that were not treated.
The biologists also observed how the pesticide affected the bees' communication system. Bees communicate to each other the location of a food source by performing waggle dances. The number of waggle dances performed indicates the attractiveness of the reward and corresponds to the number of nestmates recruited to good food.
"Remarkably, bees that fed on the pesticide reduced the number of their waggle dances between fourfold and tenfold," said Eiri. "And in some cases, the affected bees stopped dancing completely."
The two scientists said their discoveries not only have implications for how pesticides are applied and used in bee-pollinated crops, but provide an additional chemical tool that can be used by other researchers studying the neural control of honey bee behavior. The study was funded by the North American Pollinator Protection Campaign and the National Science Foundation.
###
University of California - San Diego: http://www.ucsd.edu
Thanks to University of California - San Diego for this article.
This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.
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Sunday, May 20, 2012
How to get your current Real-estate Marketing Seen | Sonnerie
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Saturday, May 19, 2012
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FACEBOOK IPO LIVE: The social network goes public
It's Facebook's big day.
The site, which was born in a dorm room eight years ago and has grown into a worldwide network of almost a billion people, is making the most talked-about stock market debut in years.
Here's some of what Associated Press reporters are finding. Check back all day for updates. All times EDT.
___
3:46 p.m.
ZUCK: PLAY ALONG AT HOME
If you want to figure up Mark Zuckerberg's wealth at the end of the trading day, here's the math: He still holds 503,601,850 shares of Facebook after the initial public offering.
If the stock closes at $38 ? and it is hovering just pennies above that level with about 15 minutes of trading left ? that would make Zuckerberg's stake worth about $19.1 billion.
? Barbara Ortutay, AP Technology Writer
___
3:30 p.m.
TEACHABLE MOMENT
The Associated Press spoke earlier with Ann Sherman, an IPO expert and associate finance professor at DePaul University, and asked her to check back in with her thoughts at the end of the trading day.
With Facebook almost back to its offering price of $38 per share, she said that even the best stocks can be over-hyped.
Sherman added: "From now on, I'll be able to use Facebook as the perfect example of what I tell the students in my IPO and venture capital class ? that even apparently hot IPOs can be risky to price, and that no company can perfectly control the timing of their offering."
? Pallavi Gogoi, AP Business Writer
___
3:23 p.m.
MAD MONEY
Earlier this week, Mad magazine imagined a Facebook stock certificate, complete with a photo of Mark Zuckerberg smiling from inside an oval, like George Washington on the dollar bill.
"Thank you for funding our ongoing effort to collect and control every single piece of personal information on the Internet," the certificate says. "Every photograph, every song, every social cause, every event listing, every opinion, every breathless description of a recently eaten pulled-pork sandwich."
Facebook is drifting back toward its offering price of $38. It's up just 10 cents for the day now as volume nears half a billion shares.
___
3:11 p.m.
TILL THURSDAY
Bruno del Ama, the CEO of asset management firm Global X Funds, said that he will wait five full trading days, until after the market closes Thursday, to get in on Facebook.
"On the first day you see a tremendous amount of volatility," he said. By the fifth day, investors should see more stability, he said.
He believes Facebook is here to stay: "Once companies have built a network, it's really difficult to displace them," he said. He added that while massive companies such as Google are trying to compete with Facebook, and may even have better technology, "we care about where our friends are."
? Barbara Ortutay, AP Technology Writer
___
3:02 p.m.
AN HOUR TO GO
Facebook stock is trading at $39.02, up a little more than a buck. Volume just passed 450 million shares.
It's another bleak day for the rest of the market, by the way. The Dow Jones industrial average appears headed for its 12th loss in the past 13 trading days. The Nasdaq composite, representing Facebook's stock exchange, is down 1 percent.
___
2:54 p.m.
BUT SERIOUSLY, FOLKS
Twitter users are joking about the Facebook IPO.
From Conan O'Brien: "Today, Facebook went public, just as MySpace's last user went private."
And from the Twitter feed of the website Someecards: "My favorite Facebook public offerings are still your beach photos."
? Peter Svensson, AP Technology Writer
___
2:29 p.m.
WE ARE THE ONE-QUARTER PERCENT
Conversations about the Facebook IPO accounted for 0.25 percent of all online discussion during the first part of the workday, according to NM Incite, a company that tracks social media traffic.
That may sound small, but it's an increase of 5,000 percent compared with the buzz about the Facebook IPO a month ago. It is also four times greater than the chatter for the LinkedIn IPO and 10 times greater than the Groupon IPO.
? Scott Mayerowitz, AP Business Writer
___
2:18 p.m.
POP CULTURE
Francis Gaskins, president of IPOdesktop, a market research company, said that it wasn't a bad thing that Facebook didn't get a "pop" on its first day, similar to what happened during the 1990s dot-com frenzy.
He said that most tech companies going public want a big rise in their debut to show they're "strong, dynamic companies standing out in the crowd" but that Facebook already has that image, and so may not care.
Gaskins said that the banks taking Facebook public have learned from the IPOs of social media companies in the past year and are better able to gauge demand and supply for a new stock.
He said a rise of 5 percent to 8 percent in this "tough market" is a success.
Facebook stock is up 5.5 percent as volume approaches 400 million shares.
? Bernard Condon, AP Business Writer
___
2:13 p.m.
ZUCK ON WHAT TODAY MEANS
CEO Mark Zuckerberg, speaking before he symbolically rang the opening bell for the Nasdaq from Menlo Park, Calif.:
"Right now this all seems like a big deal. Going public is an important milestone in our history. But here's the thing: Our mission isn't to be a public company. Our mission is to make the world more open and connected. In the past eight years, all of you out there have built the largest community in the history of the world. You've done amazing things that we never would have dreamed of, and I can't wait to see what you guys all do going forward."
___
2:05 p.m.
VITAL SIGNS
With two hours to go in the trading day, Facebook is at $40.50, or $2.50 higher than its offering price. Volume has just passed 380 million shares.
By comparison, Bank of America, frequently the most active stock in the Standard & Poor's 500 index, has traded only 155 million shares today. The next most active stock in the S&P, JPMorgan Chase, is at 59 million.
___
1:57 p.m.
THE RUSH FROM SMALL INVESTORS
TD Ameritrade, the online brokerage, reports that in the first 45 minutes that Facebook was trading, it accounted for a record 24 percent of trades executed by its customers.
By comparison, on its first day back on the stock market, in November 2010, General Motors represented 7 percent of overall trades on TD Ameritrade. For the LinkedIn IPO, in May 2011, the figure was 5 percent.
Steve Quirk, who oversees trading strategy at TD Ameritrade, said that about 60,000 orders were lined up before Facebook opened.
"The volume has been unbelievable even though the stock hasn't moved dramatically," Quirk said. "It's a hot topic in our chat rooms, and most people expected to see the stock move more than it has."
? Pallavi Gogoi, AP Business Writer
___
1:47 p.m.
UPDATE ON SOCIAL MEDIA STOCKS
Facebook stock is trading at about $41.25, a healthy gain of more than $3, but the gain is not translating to other social media companies, especially those with ties to Facebook.
LinkedIn is down 3.3 percent, Groupon is down 6 percent, and Zynga, which is trading again, is down more than 8 percent.
? Bree Fowler, AP Business Writer
___
1:23 p.m.
CALIFORNIA DREAMING
Gov. Jerry Brown of California must not have seen "The Social Network."
In an appearance on "CBS This Morning," Brown said that his state is the land of innovation and that it was where Facebook was invented. He added: "Not in Texas, not in Arizona, not in Manhattan and certainly not, you know, under the White House or the Congress."
But interviewer Charlie Rose pointed out that CEO Mark Zuckerberg and others developed the site at Harvard University, all the way across the country in Cambridge, Mass.
Brown responded that the Facebook inventors quickly came to California, "where all the other innovative people are."
? Juliet Williams, AP Sacramento bureau
___
1:16 p.m.
EXPERIENCING THE FACEBOOK IPO ON FACEBOOK
Facebook's IPO has Wall Street abuzz. But what about Facebook's 900 million users?
Some were debating whether they should get in on the buying frenzy. Others were guessing the closing price. Several were lamenting that they hadn't thought to invent the social media site themselves.
A few treated even the company like a person, congratulating it on the public offering as they might a friend on the birth of a child.
"Hey Facebook! Have a good first day on the stock market," a swimming pool maintenance and repairman from Petaluma, Calif., wrote from a mobile device. Within two hours, eight other Facebook users had "liked" the post.
Not all Facebook users were obsessed with the company's entrance to the stock market. The went along with their everyday lives, posting photos of drunken debauchery that they might one day regret, weighting in on the presidential election, celebrating Haitian flag day or just welcoming the start of the weekend.
? Scott Mayerowitz, AP Business Writer
___
1:05 p.m.
NASDAQ ON THE DELAY
Seconds before noon, with demand for Facebook stock overwhelming, Nasdaq issued a message on one of its websites saying that it was "investigating an issue in delivering trade execution messages" from the Facebook IPO.
Nasdaq initially planned the first trades of Facebook stock for 11 a.m., then 11:05 a.m. The stock opened at about 11:30.
Facebook is trading at about $41, or $3 higher than its offering price. Volume is approaching 320 million shares traded.
? Tali Arbel, AP Business Writer
___
12:55 p.m.
A FUND MANAGER WEIGHS IN
Chris Brown, manager of the Pax World Balanced mutual fund, made a roughly $14 million investment when his $1.9 billion fund acquired private shares of Facebook on a secondary market before the IPO.
As shares traded publicly for around $40 at midday Friday, Brown said the rise from the stock's $38 opening price was unsurprising.
"Going into the IPO, there has been a lot of skepticism from investors, in particular institutional investors, questioning anything from whether the price of the stock is fair, to whether Facebook can successfully monetize and sell ads," he said.
"We're long-term investors. It's nice to have the stock up for one day, but it's only one day. It's hard to extrapolate much as to the future of the company."
In coming days, Brown expects plenty of ups and downs for the stock, as investors assess a company whose prospects are hard to pin down because of its evolving business model.
"You're going to see obviously an extreme amount of volatility over the next week as people evaluate the stock," Brown said.
? Mark Jewell, AP Personal Finance Writer
___
12:50 p.m.
THE OUTSIDER'S VIEW
"I'm part of the 99 percent. I don't buy stock shares," Jerry Urban said as he waited for a bus in Baltimore. "I wish them good luck. Tell them to stop selling my information."
Facebook stock is at about $40.50, or $2.50 higher than its offering price.
? Alex Dominguez, AP Baltimore bureau
___
12:24 p.m.
SHOULD YOU BUY? A VIEW FROM ONE BANKER
Facebook stock is up about 6 percent from its offering price. More than a quarter-billion shares have been traded.
Blessing Oguguam of Nashville, Tenn., a vice president in business banking for Wells Fargo who has worked in commercial lending for 15 years, said he was not comfortable buying Facebook stock:
"I'm thinking it's great for now. But 10 years from now, is that crave still going to be there? So if I go ahead and invest now, I know Facebook is not producing any product. It's just a social media site. So in 10 years to come, if this hype dies down, then what happens to my investment?"
? Lucas L. Johnson II, AP Nashville bureau
___
12:19 p.m.
WATCHING OTHER SOCIAL STOCKS
Some recent quotes from other social media stocks:
LinkedIn: Down 2.2 percent.
Groupon: Down 6 percent.
Zynga: Down 13 percent, and apparently halted. Its last trade was about 40 minutes ago.
___
12:17 p.m.
ELSEWHERE IN TECH LAND
It's a good day for some other big-name technology stocks.
Stock in Yahoo is up more than 5 percent after a report from All Things D, a website devoted to technology news, that Yahoo was close to selling part of its valuable stake in the Chinese Internet company Alibaba Group.
Apple, which has fallen more than $100 per share from its all-time intraday high of $644 on April 10, is up 1.3 percent at $537. Google is up 0.3 percent at $624 per share.
Meanwhile, Facebook has nudged back over the $40 level, and volume has surpassed 250 million shares traded.
___
12:02 p.m.
BACK UP FOR THE DAY
Facebook stock has climbed back to about $40 as trading volume surpasses 220 million shares. The stock had opened at $42.05 and sunk back to $38, its offering price, but did not cross below that level. That indicates heavy buying interest in the stock at $38.
___
11:50 a.m.
DRIFTING BACK TOWARD $38
Facebook stock, which opened with a gain of about $4 over its offering price of $38, has steadily drifted lower in the first half-hour of trading. It is hovering now at about $38. Trading volume is closing in on 200 million shares.
___
11:47 a.m.
150 MILLION SHARES
Facebook's trading volume is surging. It passed 150 million shares traded about 15 minutes after its debut on the Nasdaq. The price has drifted back toward the offering price and is now at about $39, a rise of $1.
The stock of another Internet company, Zynga, responsible for the popular FarmVille game on Facebook, appears to be halted for trading after it plunged minutes into the Facebook debut. There is no immediate word on why.
___
11:38 a.m.
BIG VOLUME
Facebook topped 100 million shares traded in the first four minutes after its debut on the Nasdaq. By comparison, Amazon.com has traded about 2.2 million shares today and Google about 2 million.
Seven minutes after its first trade, the stock was hovering at about $40, a $2 gain over its offering price.
___
11:32 a.m.
FACEBOOK STOCK OPENS
More than 80 million shares have traded in the first minute at the Nasdaq. The stock opened with a jump of about 11 percent, at $42.05, or $4.05 higher than the listing price.
? Seth Sutel, AP Business Writer
___
11:28 a.m.
REPORT OF DELAY AT NASDAQ
The Wall Street Journal reports that traders are experiencing problems changing and canceling their orders for Facebook stock ahead of the debut. There is no immediate comment from Nasdaq.
___
11:19 a.m.
SNAGGING SOME SHARES
Alper Aydinoglu, a student at DePaul Unviersity in Chicago, said that he got 50 shares via an Etrade account that he opened specifically to buy Facebook shares.
"It's my first IPO experience," Aydinoglu said.
He added: "I bought the stock for a couple of reasons. No. 1, there's so much hype about Facebook and everybody is going to be getting in on it, so there will likely be a huge pop in the stock today. Another reason is that Facebook is a great company. Mark Zuckerberg created something huge."
He said that if the stock rises 15 percent to 50 percent, he may sell half and keep the rest. If the stock drops, he said, he plans to get out altogether.
? Pallavi Gogoi, AP Business Writer
___
11:07 a.m.
WAITING IN TIMES SQUARE
People are huddled outside the windows of the Nasdaq site in Times Square, waiting for the stock to open. People are holding up cell phones and cameras pointed at the Nasdaq board, waiting to get a picture of the first price change.
? Joseph Pisani, AP Business Writer
___
11:02 a.m.
A WARNING FROM GERMANY
A German data protection official has warned Facebook investors that the site's $38 starting share price is based on practices that may breach European privacy rules.
Thilo Weichert, data protection commissioner for the northern German state of Schleswig-Holstein, said shareholders should be aware that if European privacy authorities have their way, "Facebook's business model will implode."
Weichert was quoted by German daily Frankfurter Allgemeine Zeitung on Friday saying Facebook could be ordered to stop transferring user information to the United States.
Facebook's IPO prospectus warns investors that its business is subject to "complex and evolving U.S. and foreign laws and regulations regarding privacy, data protection, and other matters" that could harm its business.
___
10:52 a.m.
THE ARGUMENT AGAINST JUMPING IN
The banks helping take Facebook public want us to value this 8-year-old upstart at as much as $104 billion, more than Disney or Kraft Foods, though those companies earn three and four times more. That top valuation is also more than 100 times Facebook's earnings last year, versus 13 times for the average company.
At such a high price, it will take years for this so-called earnings multiple to fall to a more reasonable level, and that's assuming the company can maintain its torrid earnings growth.
To make money in Facebook, you're betting that other buyers will be just as willing as you to hold their nose at the valuation, and keep doing so for years.
Facebook grew its earnings 65 percent last year, faster than at most companies, so you should pay more for it than you would the typical company. But how much more? Profits at Apple grew 85 percent last year. Its stock is trading at 13 times earnings per share.
? Bernard Condon, AP Business Writer
___
10:47 a.m.
THE REACTION ONLINE
Facebook's IPO was trending on Twitter, but it wasn't the No. 1 item. God, a retiring Chicago Cubs pitcher, Kanye West's new film and Haitian Flag Day all were trending higher in the U.S. at 10:30 a.m.
Down at No. 9 was "$FB," a tag used to talk about the offering. At the top of the list? The hashtag "ThingsWeAskGod2helpUsWith," along with news about the possible retirement of Cubs pitcher Kerry Wood and "Cruel Summer," the name of Kanye West's short file that will debut at the Cannes Film Festival.
The IPO was No. 2 in trending Google searches, right after the death of disco queen Donna Summer.
? Scott Mayerowitz, AP Business Writer
___
10:40 a.m.
AT INTRADE, BETTING ON A BIG FIRST-DAY GAIN
Intrade, the online betting market, is getting in on the early Facebook action. Its top item for bidding is a wager on Facebook's share price at the close of the first day of trading.
Based on its orders to date, Intrade said that the market is predicting a 77 percent chance that the close is $45 or higher. A closing price of $45 would represent a first-day gain of 18 percent for the stock.
The odds that the price would close at $60 or higher were only 15 percent. But there was a widespread assumption the stock would finish up for the day. Intrade put the odds of a close of $40 or higher at 92 percent.
To bet on a prediction, you need to open and fund an account at Intrade.com.
? Dave Carpenter, AP Personal Finance Writer
___
10:33 a.m.
ONE ARGUMENT FOR BUYING
Facebook will sell on the open market for 20 times the company's projected 2012 revenue, based on its IPO price of $38. Google, by comparison, is trading at about six times its projected revenue for this year.
But Facebook hasn't been as aggressive as it could have been about selling ads or finding other ways to make money where its visitors, on average, dwell for an average of 6? hours per month, according to comScore Inc.
Instead of ramping up revenue, Facebook has concentrated on attracting users ? an emphasis that is bound to pay off.
Facebook also has a big personnel advantage: Sheryl Sandberg, hired as the company's chief operating officer in 2008. She played a key role in expanding Google's advertising system during its first few years as a publicly held company, a period when the company's stock hit its peak so far.
? Michael Liedtke, AP Technology Writer
___
10:24 a.m.
THE RIPPLE EFFECT: OTHER IPOs?
Ann Sherman, an expert on initial public offerings and an assistant professor in the department of finance at the DePaul University, said that the IPO will lead other technology companies to go public.
"Facebook is unique in so many ways, but its IPO will certainly inspire other companies to try an IPO if they are already thinking of it," she said.
But other companies won't get a reception anything like Facebook's, she said. They will face much more muted investor demand, like that for Groupon and Linkedin, she said.
? Pallavi Gogoi, AP Business Writer
___
10:15 a.m.
A POP FOR THE NASDAQ
The stock market is flat so far, but it's a good day for one stock in particular ? Nasdaq OMX Group, which operates the Nasdaq Stock Market.
Facebook announced in April that it would list its shares there, under the stock ticker symbol "FB." The Nasdaq is also home to Google and Microsoft.
Stock in Nasdaq OMX Group is up 1.7 percent for the day. The Nasdaq composite index is up just 0.06 percent.
___
10:04 a.m.
MORE FROM THE NASDAQ SITE
In Times Square, people walking by are taking pictures of the giant Nasdaq billboard, which today features the Facebook logo. Some are "checking in" to the Nasdaq on Facebook.
Frederick Nolde, 31, of Richmond, Va., is in New York for meetings. He said that he bought 100 shares of Facebook through E(asterisk)Trade. He thinks the company is worth $100 billion, but he said the real question is how Facebook performs with mobile users.
"If they can figure that out, they'll do well," he said.
? Joseph Pisani, AP Business Writer
___
9:56 a.m.
STATUS UPDATE
On Mark Zuckerberg's Facebook page, under recent activity, was this, posted shortly after 9:30 a.m. EDT:
"Mark listed FB on NASDAQ."
___
9:52 a.m.
VIEW FROM THE NASDAQ
At Nasdaq's streetfront location in Times Square, Dennis Hitchings, a retiree from Columbus, Ohio, was peering through the window at Nasdaq's board of constantly changing stock prices.
He said that he doesn't think Facebook is worth $100 billion ? "They don't have the revenue" ? but he did say he would buy the stock at $38.
? Joseph Pisani, AP Business Writer
___
9:39 a.m.
TALE OF THE TAPE
How Facebook stands up against one of its Internet rivals, Google, based on the most recent available data:
Annual revenue ? Google $38 billion, Facebook $3.7 billion.
Advertising revenue ? Google $36.5 billion, Facebook $3.2 billion.
Annual net income ? Google $9.7 billion, Facebook $668 million.
Employees ? Google 33,100, Facebook 3,500.
___
9:33 a.m.
THE OPENING BELL
Wearing his trademark hoodie and standing before a huge crowd in Menlo Park, Calif., CEO Mark Zuckerberg symbolically opened trading on the Nasdaq Stock Market.
Facebook stock won't begin trading until later in the morning. The broader market opened slightly higher, with the Nasdaq composite index up about 10 points, or 0.3 percent.
___
9:27 a.m.
SOME PERSPECTIVE ON MARKET VALUE
The IPO price values Facebook at $104 billion. By comparison, here are the top five companies in the Standard & Poor's 500 index by market value, based on Thursday's closing stock prices:
Apple, $496 billion
Exxon Mobil, $383 billion
Microsoft, $250 billion
IBM, $229 billion
Wal-Mart Stores, $210 billion
? Seth Sutel, AP Business Writer
___
9:15 a.m.
FLASHBACK: GOOGLE'S DEBUT
The last technology stock to go public with this level of attention was Google, which made its debut Aug. 19, 2004. Here's how The Associated Press covered it:
SAN JOSE, Calif. ? In the most highly anticipated Wall Street debut since the heady days of the dot-com boom, shares of Google surged nearly 20 percent on their first day of public trading Thursday as the quirky Internet company completed its much-hyped initial stock offering.
Despite the first-day jump, the debut generated much less money than the company envisioned after it launched an unorthodox auction designed to open the stock beyond large investors who typically get first crack at new stock issues.
Google shares finished the day at $100.34, up 18 percent, and the stock offering raised $1.67 billion. The company originally hoped to open at between $108 and $135, generating as much as $3.6 billion and making the company worth up to $36 billion.
___
8:54 a.m.
THE RIPPLE EFFECT: CALIFORNIA CASH
Besides minting Internet billionaires, the Facebook IPO should provide a little help for the cash-starved state of California.
The state's nonpartisan Legislative Analyst's Office says the IPO will generate $1.6 billion to $2.6 billion for the state through the middle of next year as shareholders cash in their stock.
California badly needs the money: Gov. Jerry Brown said over the weekend that the projected state deficit has swelled to $15.7 billion for the coming fiscal year. In January, it was projected at $9.2 billion.
___
8:48 a.m.
POP AND DROP
Several of last year's must-have IPO stocks aren't exactly must-haves anymore.
Pandora, an Internet radio company, went public June 15 at $20 a share. You could have bought the stock during the day for $26. It's now trading under $11.
Groupon, the online daily deal company, priced its stock at $20 a share on Nov. 4. It traded above $31 the first day and is now under $13.
And LinkedIn, a social network for professionals, more than doubled from its $45 offer price within minutes of hitting the market last May 19. It reached $122.70 on the first day before closing at $94.25. It's back to about $105.
? Dave Carpenter, Personal Finance Writer
___
8:41 a.m.
THE KID BILLIONAIRE
CEO Mark Zuckerberg is selling about 30 million shares of Facebook as part of the initial public offering. At $38 each, he pockets $1.15 billion. He will remain Facebook's largest shareholder, will more than 32 percent of Facebook's total shares. At the $38 share price, his stake in the company is worth $19.1 billion.
Zuckerberg will control the company with 56 percent of its voting stock as a result of agreements he has with other shareholders who promise to vote his way.
Here's his bio:
AGE: 28. Born May 14, 1984.
RESIDENCE: Palo Alto, Calif. Grew up in Dobbs Ferry, N.Y.
EDUCATION: Philips Exeter Academy, class of 2002. Studied computer science at Harvard University before dropping out.
PROFESSIONAL CAREER: Co-founded Facebook in his Harvard dorm room in 2004. Has served as CEO since.
FAMILY: Mother, Karen; father, Edward; sisters Arielle, Donna and Randi Zuckerberg.
___
8:30 a.m.
NEXT STOP: 1 BILLION
Have a look at how explosively Facebook has grown. According to the company, this is when the site passed milestones for its number of active users, defined as someone who logs on at least once a month:
1 million ? End of 2004.
5.5 million ? End of 2005.
12 million ? End of 2006.
20 million ? April 2007.
50 million ? October 2007.
100 million ? August 2008.
150 million ? January 2009.
175 million ? February 2009.
200 million ? April 2009.
250 million ? July 2009.
300 million ? September 2009.
350 million ? End of 2009.
400 million ? February 2010.
500 million ? July 2010.
608 million ? End of 2010.
750 million ? July 2011.
800 million ? September 2011.
845 million ? End of 2011.
901 million ? March 2012.
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HEDGE FUND VIEW: HE'S IN
Andrew Schneider, a hedge fund adviser and CEO of San Francisco-based Schneider Family Office, was busy selling shares of Apple and LinkedIn on Thursday to free up cash for buying Facebook.
He planned to spend at least $20 million, or 8 percent of his firm's liquid assets.
"You've got 900 million users, and you've got real solid revenue, and the company is earning money," Schneider said.
He's not concerned about plowing such a large proportion into one company: "We feel very strongly and very comfortably about this." Nor is he rattled by General Motors' announcement that it would stop buying display ads on Facebook. He calls that "a very, very small amount."
Schneider pointed out that there were naysayers when Google went public in 2004, priced at $85 a share. It closed Thursday at $630.
"A lot of people went on the short side of Google when it opened," said Schneider, who is also CEO of Global Hedge Fund Advisors. "And boy, were they wrong."
?Christina Rexrode, AP Business Writer
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HEDGE FUND VIEW: STEERING CLEAR
Whitney Tilson said that his hedge fund, T2 Partners, avoids newly public companies as a rule because companies tend to go public only when things are going well.
T2 Partners prefers to look for battered stocks that it can scoop up cheaply. It bought more stock in JCPenney this week. Tilson admits, though, that avoiding initial public offerings doesn't always work. Google, he says, "turned out to be a great deal."
Tilson said he expects Facebook's stock will rise over the long term. Facebook, he says, "does look and smell a lot like Google."
? Christina Rexrode, AP Business Writer
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INSTEAD OF A RED CARPET, RED INK
Facebook isn't getting much of a welcome to the neighborhood.
Thursday was one of the worst days of the year for stocks. The Dow Jones industrial average dropped 156 points and has fallen 11 of the past 12 days, mostly because investors are nervous about turmoil in debt-burdened Greece.
The Nasdaq composite, representing the stock exchange where Facebook will trade, fell 2 percent on Thursday. The composite was up almost 20 percent for the year at the end of March, but that gain has withered to 8 percent.
? Erin McClam, Financial Markets Editor
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Gay marriage spawns big spike in online videos
FILE - In this May 8, 2012 file photo, President Barack Obama speaks in Washington. President Barack Obama faced mounting pressure Wednesday to express support for same-sex marriage after a setback for gay-rights advocates in North Carolina. (AP Photo/Carolyn Kaster, File)
FILE - In this May 8, 2012 file photo, President Barack Obama speaks in Washington. President Barack Obama faced mounting pressure Wednesday to express support for same-sex marriage after a setback for gay-rights advocates in North Carolina. (AP Photo/Carolyn Kaster, File)
NEW YORK (AP) ? President Barack Obama's May 9 announcement that he favors same sex marriage led to a huge spike on YouTube, according to data assembled by the popular video sharing site.
Obama's endorsement of same-sex nuptials resulted in a record number of searches and a rush of users uploading videos on the subject. Gay marriage was also the most popular topic on YouTube's news and politics category this week.
YouTube is owned by the online search giant Google, which saw a 458 percent increase in national searches for "Obama" and "gay marriage" between 10 am and 6pm the day Obama disclosed his views in an interview with ABC News.
Gay rights issues have a history of sparking online viral videos. University of Iowa student Zach Wahls' plea for Iowa lawmakers to allow marriage rights for his lesbian parents was YouTube's most-watched political video of 2011. It was followed closely by "Strong," an ad from Rick Perry's now abandoned campaign for the Republican presidential nomination, in which the Texas governor laments that "gays can serve openly in the military." The commercial sparked numerous parodies and drew more than 760,000 "dislikes" on YouTube.
Matthew Nisbit, a professor of communications at American University who studies the intersection of politics and social media, said online videos and an interest in gay rights were a natural pairing.
"The heaviest users of video are people under the age of 25, and gay rights is one of the few political issues young people feel passionate about," Nisbit said. "And the gay community was an early adopter of social networking ? the technology was a good fit for people of minority status looking for like-minded others."
Following Obama's announcement, more videos with the key words "gay marriage" were uploaded on YouTube than ever before, drawing more than 3 million views and 100,000 comments.
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Follow Beth Fouhy on Twitter at www.twitter.com/bfouhy
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