Last week's Economist (July 16-20, 2010 issue) has an [URL="http://media.economist.com/node/16539424"]interesting story[/URL] on three large internet companies in Russia, China and Africa. That these three emerging regions have growing internet powers is interesting in itself, but there was something else in the story that caught my eye. Russian Internet giant, [URL="http://www.dst-global.com/"]DST[/URL] purchased a stake in Facebook last year, beating the typical American venture capital firms to the punch. [B]Russian Aggression[/B] According to the article, DST took advantage of being cash rich at a time when US financiers were sitting back afraid to act because of the horrible recession gripping the world …

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According to the Sunday Telegraph [newspaper yesterday](http://www.telegraph.co.uk/technology/facebook/9276699/Facebook-IPO-fight-back-begins-share-price-implausible-says-analyst.html ) "Morgan Stanley, Facebook’s lead financial adviser, ended the day with 162m shares, worth $6.16bn. Other banks including JP Morgan and Goldman Sachs also bought shares, ending the day with $3.2bn and $2.4bn holdings respectively" which is kind of worrying when you step back and realise that Wall Street were propping up the share prices on the much hyped first day of trading. Indeed, as a result of that $100 billion Facebook valuation, there is now much talk of another tech bubble and whether or not it's about to burst. ![dweb-facebook](/attachments/small/0/dweb-facebook.jpg "align-right") Writing …

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[B]Question 1 (10 marks)[/B] Design a program that asks for 4 test scores. The program should calculate the average test score and display it. You need to develop an 1.1) IPO chart (3 marks) 1.2) Pseudo-code (5 marks) 1.3) 2 Sets of test data (2 marks) [B]Question 2 (20 marks)[/B] A long distance carrier charges the following rates for telephone calls: Starting time of call Rates per min ($) 00.00-06.59 0.12 07.00-19.00 0.55 19.01-23.59 0.35 Design a program that asks for the starting time and the number of minutes of the call and displays the charges. The program asks for …

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[ATTACH=RIGHT]16523[/ATTACH]Skype, the Luxemborg-based internet video phone service, filed for its initial public offering (IPO) on Monday (August 9) to list on the Nasdaq Stock Market. The value was tentatively set at $100 million, a number analysts suggest is merely a rough estimate set to help the Securities and Exchange Commission calculate a filing fee. They have yet to release a sales date or price. The filings reported that in 2010, Skype has already generated more than $406 million from its over 560 million registered users, up 41% year-over-year. These numbers are staggering considering that only 6% of its users actually …

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[ATTACH=RIGHT]20608[/ATTACH]When Groupon turned down offers from Yahoo and Google last year it stirred a buzz that had people, myself included, wondering what they know that we don't. Founded in 2008, Groupon secures incredible deals on everything from pedicures to flight lessons by negotiating a "group" discount our their members' behalf. They target vendors of high-quality products or services and get them to commit to as much as 80% off in exchange for some new, potential customers. Last year Google made an offer that was valued at $6 billion but it could not snatch Groupon, even at a price that seems …

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[ATTACH=right]16680[/ATTACH][URL="www.hulu.com"]Hulu[/URL] might be worth as much as $2 billion, the [URL="http://www.nytimes.com/2010/08/16/technology/16hulu.html?partner=rss&emc=rss"]New York Times[/URL] reported today, alongside news that the site for streaming videos and TV shows might soon go public. The Times reported that the 3-year-old company has been in talks recently to begin a public stock offering potentially later this year. So far in the site's short existence, it has struggled to turn a major profit. Last year the company reportedly brought in $100 million. And according to [URL="http://www.msnbc.msn.com/id/38724890/ns/technology_and_science-tech_and_gadgets/"]MSNBC[/URL], Hulu ads reached almost 8 percent of the American population in June and in July reached almost 30 percent. An …

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[ATTACH=right]16482[/ATTACH][URL="http://demandmedia.com"]Demand Media[/URL], a name that isn't well-known but tends to stir existential emotions in those who do know the Santa Monica-based content farm and domain services company, confirmed some longstanding gossip and rumor on Friday when it filed for its initial public offering (IPO). Demand operates something called [URL="http://demandstudios.com"]Demand Studios[/URL], which is essentially a backend content production system with over 10,000 registered freelance writers, editors and video producers working for wages often well below industry standard to churn out content for Demand-owned, operated or partner sites like [URL="http://ehow.com"]eHow.com[/URL], [URL="http://trails.com"]Trails.com[/URL], [URL="http://travels.com"]Travels.com[/URL], [URL="http://livestrong.com"]LIVESTRONG.com[/URL] and others. (Full disclosure: I'm a registered Demand Studios …

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The End.