I hadn’t noticed the slide in Groupon’s stock price … from the IPO price of around $25 to under $8 … a drop of almost 70%.
Groupon is starting to look like one of its own deals …
Source Business Week
According to Reuters …
Microsoft is pulling out of the joint venture that owned MSNBC.com, freeing the world’s largest software maker to build its own online news service.
The online divorce stemmed from the two partners’ desire to gain greater control over their digital destinies as the Internet becomes an increasingly important part of their businesses.
Microsoft, in particular, had grown frustrated by contract terms requiring it to exclusively feature MSNBC.com content aimed at an audience with a liberal viewpoint.
The strategy fed a perception that material from MSNBC’s website was politically slanted, too.
“Being limited to MSNBC.com content was problematic to us because we couldn’t have the multiple news sources and the multiple perspectives that our users were telling us that they wanted,”
Anybody remember Air America — Al Gore’s liberal radio network?
No, we didn’t forget … just got busy yesterday.
Now we’re up to 69 out of 70 weeks that the BLS’s “headline number” has under-reported the number of initial unemployment claims … and cast the jobs situation as brighter than it really is.
Based on Thursday’s BLS report, the number for the week ending June 30 was revised upward from 374,000 to 376,000.
Again, I ask: statistical bias or political bias?
If the former: fix it already, BLS !