Tag Archives: Business

What’s Cooler Than a Million Dollars?

Facebook employees are about to find out what turned their boss on about a billion dollars. The company is looking to unload around $1 billion in employee-owned stock, as the worker bees who have sacrificed cash for years look for a bit of upside. And, Facebook is doing it in style.

The social media company is looking to help its devoted employees cash out of some shares at a valuation of $60 billion … that’s “cool” 60 times over. It’s also a 20 percent jump over the company’s previous valuation of $50 billion.

Continue reading

WOW: Deloitte to Open Baghdad Office

Okay, file this under WTF, zOMG and STFU. Deloitte, the top-shelf global professional services firm, is taking a big step and opening an office in Baghdad. Yes, that one – the one in Iraq.

The office will open in Q1 2011. According to Iraqi Directory, the firm is also “working on an add-on acquisition to grow its Middle Eastern presence.” That is pretty wild. I used to complain about gigs in Tennessee and Nebraska. I don’t think I could wrap my head around this one.

Continue reading

Are Content Businesses a Fool’s Endeavor?

I guess it really does suck to be a writer …

It’s pretty clear that this isn’t a road to riches. Traditional publications don’t pay hefty salaries, and it’s difficult to break into them. Freelance writing provides some opportunities for a solid living, if you know how to manage your personal business effectively, but you have to work at it. Starting your own business seems to be the only way to hit it big, but this isn’t exactly news. It’s one of the few ways one can generate real wealth. For writers, however, even this angle may be inherently constrained.

Two recent news stories got my attention and made me think about this.

Continue reading

Five Most Recent Social Media Marketing Guest Posts

Okay, I’ve been busy lately, which is why I’ve been neglecting Migrant Blogger. Just so you can have a sense of what I’ve been up to, here are my recent social media marketing guest posts for Social Times and Technorati:

Four Ways Corporate Bloggers Can Lure Readers Back >>

Four Ways to Hedge Against Twitter Platform Instability >>

Four Terrible Objectives for Your Corporate Blog >>

Corporate Blogging: Ignore Your Metrics >>

Top Five Ways to Turn Blog States into Sales Intelligence >>

Why the Twitter Startup Market Won’t Get More Cash

Peter Kafka’s latest article over on AllThingsD (a must-read for me) caught my attention quickly. He found that the amount of investment cash flowing into “pure play” Twitter startups fell to $10.4 million for the June 2009-to-May 2010 period … from $21.6 million the previous year. The 52 percent year-over-year decline probably feels like a shock to the system, but it looks like there are some clear drivers for this change.

Kafka cites the natural ebb and flow of venture capital deals, as well as Twitter’s rush to fill gaps in its services. The latter, to me, is a no-brainer, as I remember trying to keep up with it. During last spring’s Chirp conference, Twitter announced a number of new measures that rounded out its product set. Of course, it came at the expense – whether Twitter wanted to admit it or not – of the many companies that had arisen as a result of the market opportunities created by Twitter’s gaps.

Continue reading

Bell Claims Playboy Bid Imminent … But with What Money?

Maybe it’s the fact that I went to public school … or I’m just plain stupid. I just can’t understand how Marc Bell, CEO of Penthouse Media Group Friend Finder Network, is going to make a bid on ailing quasi-competitor Playboy this afternoon. He just doesn’t have the money.

At the beginning of the year, Bell announced that he was desperately trying to take FFN public – his second attempt at recapitalizing the over-leveraged debacle. In 2008, he tried for the first time, having seen more than $400 million in long-term debt reclassified as short-term debt likely because of a busted loan covenant. The only reason FFN hasn’t collapsed, I suspect, is because the investors just have too much capital committed.

FFN’s problems began back in 2007, when it was still Penthouse, and Marc Bell led the acquisition of Various, Inc. for the princely sum of $401 million. Credit markets were still a bit loose, and PET, the fund that pumped cash into Penthouse when Bell took the company over from Bob Guccione, was able to load up to acquire Various, which was much larger than Penthouse. Various owned, well, various dating sites, including FriendFinder.com and AdultFriendFinder.com.

Continue reading

The Single Secret to Successful Blogging

I don’t usually share content across my blogs, but I liked this simple post so much that I decided to break the self-imposed rules. It originally ran on my other blog, Reinsurance Blogger, which deals with social media marketing issues in the reinsurance industry.

If you’re looking to launch a successful blog – or take one you have that isn’t doing much and turn it around – you really need only one little tidbit of info. It isn’t profound, and it will actually make your life easier.

So, here it is:

Good Content + A Lot of Content = A Great Blog

Continue reading