Tag Archives: profits

StumbleUpon recently announced plans to lay off 30% of its staff in an effort to drive profits. StumbleUpon is one of the most popular social media services. Now, it is aggressively trying to turn itself into a vibrant business rather than just a popular one. Is this a sign of the times for social networks? Or…

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As Facebook rumbles towards its much-anticipated IPO, it is now trading at a staggering $103-billion based on recent trading on SharesPost at $44.10 per share. (Source: Business Insider) It’s fun to throw around big numbers but there are always stories behind the numbers that tend to be far more interesting and fascinating. For Facebook, the valuation will…

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