Tuesday, October 5, 2010

Tweet the New Boss

Dick Cotsolo, CEO Twitter. Reuters
 tweet tweet.......Whose this, the new CEO to be followed now is the old COO of Twitter.

Dick Costolo, joined twitter as Chief Operaitng Officer in September 2009, and was the man behind the so called Promoted Tweets. Dick Costolo joined Twitter after selling his own internet company FeedBurner to Google in 2007. He has replaced Evan Willaims, the second CEO and co-founder of Twitter

The move is part of the efforts to justify investors, that twitter is a popular social networking website and one of the busiest status updating platform on the whole web. the idea is to furthure monetize the company in order to generate greater dollars through the advertisements. presently  around 40 to 50 comapnies are part of the so called Promoted tweets, which are short marketing messages.

Research done by eMarketers shows that the revenue generated by social networking sites would increase by 31 percent to $3.3 billion this year, and estabilished companies such as the Microsoft, Google and Yahoo would loose the dollars, with an increasing competition from Facebook and Twitter.

Reuters: Trades of Twitter's private shares by investors on Sharespost, a secondary market for shares of private companies, in July imply a valuation of $2.8 billion and alot of investors are monitoring the financial health and stats of twitter. In future some want to be part of the 165 million user company, owing shares in it when it goes public.

A new Age of 0 Percent

BOJ Headquarters in Tokyo, Bloomberg
Bank of Japan announced that they would be keeping the benchmark intrest rates to zero, mainly due to the slow economic recovery and sluggish growth in the production and retail demands. The rates would be near 0 percent to 0.1 percent, after a 2 day policy meeting ended, making the nikkie 225 Stock exchange surged more than 1 percent.
The bank would be making a fund of around 5 trillion yen ($60 billion) in order to buy government bonds and other assets in order to manage and get some weight behind the economy and the defalting yen, which has reached 83.66 dollars at Tokyo, hitting a 15 year hgih.
Bank of Japan did a form of Quantitative easing back in 1999 and 2001 when the economic pressures gaind momentum, thus helping the economy back on track before the financial crisis of 2007 took its toll on the global economy whipping out almost $1.4 trillion of the markets, thus leadning to a global econmic meltdown. Since then alot of work has been done by central banks in order to sheild the economy from adverse effects, such as the TARP introduced by the US in order to buy back toxic assts.