Day two at the Web 2.0 Expo, and the name of the game is, without a doubt, social media. To hell with professional editors and publishers; the new world Web order is built on the backs of the people. Or so every speaker and every wide-eyed business owner frantically scribbling notes here would have us believe. All we have to learn is how to game wisdom of the masses and we're gold
But is it that simple?
By Abby SeiffPosted 04.08.2008 at 3:31 pm 2 Comments
Ah springtime: trees blooming, bats cracking, nerds ROTFLTAO. Last week, the Mets announced that their (filched) year-old tradition of an eighth inning, stadium-wide sing along of "Sweet Caroline" would be updated. They gave fans 10 pretty lame choices and, in true 21st century fashion, let them utilize the power of the Interweb to voice their preference. Of course, the following happened:
Today on PPX we have halted not one, not two, no, not even three, but FOUR propositions—all of them paying out at POP$0. No surprises here—all of the stocks in question had been trading below $10 for several weeks.
In summary, Digg.com was not shut down, no NASA bigwigs were fired, the iPhone was not recalled, and Facebook.com did not go public:
DIGGRIP: halted at POP$0.50
PNKSLP: halted at POP$2.50
FACEBOOK: halted at POP$5.25
IPRECAL: halted at POP$0.25
As always, happy trading! —John Mahoney