Research In Motion says it’s going to make a loss and calls in bankers to help

May 30, 2012

Things are looking bleak for Research In Motion, makers of the Blackberry.

The company released some bad news yesterday – after the US stock market closed.

Here’s the summary:

  • RIM has hired JP Morgan  and RBC to “explore options.”
  • It sees an operating loss in Q1.
  • It will be cutting jobs all year long.
  • There is high churn in the US.

In May RIM’s stock hit a 52-week low. It’s worth less than $6 billion now.

In fact, the last time the stock was trading where it is now –  $11 – was in December 2003.

Take a look at this chart detailing RIM’s stock price. Things are looking bad.

 

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Facebook is a fad, says Joe Public

May 16, 2012

As investors clamour for Facebook stock – on sale tomorrow (May 17) – it seems the man on the street is less convinced.

Does he know something investors do not?

While Facebook boosted the price range of the deal to $34 to $38 a share this week, a survey revealed most people think Facebook a passing fad.

CNBC and the AP surveyed 1,003 Americans about Facebook and found 46% think it will fade away. Amusingly, only 31% of the people surveyed think it’s a bad investment.

Let’s go to the charticle.

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Zynga’s acquisition of Draw Something can’t halt its decline

May 9, 2012

Zynga, the makers of social network games such as Farmville and Cityville and the world’s largest app developer, could be in a bit of trouble.

Look at this chart from AppData.

Daily active users at Zynga were falling, so it decided to buy OMGPOP, which made Draw Something, for $210 million. The acquisition helped add some pop to Zynga’s daily active user numbers.

But it didn’t last long.

Daily active users are back to where they were pre-OMGPOP acquisition. Draw Something has 9 million daily users, according to AppData, which tracks usage through Facebook log-ins.

If you take out the nine million users, then Zynga’s other games are down significantly since February.

What will they do now?

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This chart shows just how huge The Avengers opening weekend really was

May 8, 2012

Not only did “The Avengers” win at the US box office this weekend, they demolished it.

The Marvel film grossed over $190 million more than it’s competition “Think Like A Man” and almost $200 million more than the other film that opened this weekend, the sort-of indie, fully British film “The Best Exotic Marigold Hotel.”

But where does it stand in the all time opening weekends list? Let’s go to the chart.

 

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