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The Trump-Xi Beijing Summit: What the Smiling Handshakes Won't Tell You

On Thursday, Donald Trump will walk into the Great Hall of the People in Beijing, shake Xi Jinping's hand, and declare it a great meeting. There will be announcements. There will be numbers — billions of dollars in Chinese purchase commitments, a new bilateral mechanism with an important-sounding name, possibly a joint statement on Iran. Trump will post on Truth Social. Markets will rally briefly. Pundits will argue about who won. None of that will tell you what actually happened. What is actually happening in Beijing this week is something more consequential and more uncomfortable than the summit theatre will reveal: two leaders of two deeply mutually dependent superpowers, both of whom need this meeting to succeed for entirely different reasons, sitting across a table in a world that has already moved past the assumptions that defined their last nine months of negotiations. The Iran war changed the equations. The rare earth gambit changed the power balance. Taiwan is sitting in...
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Facebook IPO Price: $100b? OMG LOL!





Image source: industryleadersmagazine

It is expected by investors that Facebook will be ready to file an Initial Public Offering sometime later this week. Facebook will seek to raise $10 billion and be valued at $100 billion. Making this IPO the hottest and biggest when it comes to companies whose main business is online web services. Once Facebook debuts as a public company it will be ranked alongside the largest companies in the world alongside McDonald's, Amazon and Bank of America. WSJ is reporting that Facebook is almost final in picking Morgan Stanley over Morgan Stanley as the lead underwriter. 


Once this goes through it will make over a 100 millionaires in Silicon valley and make Mark Zuckerberg richer by $20 billion at least on paper. Facebook is the most awaited TECH IPO since Google Inc. Both Google and Facebook depend on advertising for revenue and therefore the fight for online ad dollars is set to get on fire. Although Google's ad revenue last year was five times that of Facebook. Facebook's IPO is definitely set to be bigger that Google's and Amazon's IPO. This is going to be the largest IPO in internet IPO history. The Drudge Report runs the article with the title " Who wants to be a billionaire?  $100b? OMG LOL!


Read More @ the Huff Post




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