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Seven Reasons Why the Facebook IPO Was a Bust

Facebook‘s shares have been dead in the water for the last 12 months. Private investors had already bid up Facebook to a $100 billion value a year ago. Related Topics: FacebookRECOMMENDED ARTICLES Facebook’s cultural ascent is a tribute to American innovation and entrepreneurship. But powerful Democrats see its financial success as a chance to fuel popular envy and line the pockets of huge government.Barack Obama and… more ›› Why did Facebook go public?They could not figure out the privacy settings ...

Hemsworth Is A First-time Dad

Thor is a father – Chris Hemsworth’s actress wife Elsa Pataky has given birth to the couple’s first child.The 28-year-old Aussie action man became a first-time father on Friday.The couple’s tiny girl was born in London and Us Weekly magazine reports the child will be named India.Hemsworth and Pataky wed in 2010 and announced the baby news at the beginning on this year.It’s beginning to look like a terrific year for the new dad, who has scored a big hit ...

Jeanette Winterson takes on University role

Winterson will hold a post-graduate MA workshop and an MA seminar, as well as delivering undergraduate lectures. She will host four public events a year at the University’s Martin Harris Centre, with guests from the literary world. She succeeds previous holders of the post Colm Toibin, who completes his year-long tenure, and Martin Amis, who spent four years at the university. Winterson’s first novel, Oranges Are Not The Only Fruit, was published in 1985 when she was 24 and she ...

Stella McCartney visits Buckingham Palace to win the royal seal of approval for Olympic designs

Stella McCartney was apprehensive about the reaction that her designs for the Team GB kit would receive when they were unveiled amid great fanfare earlier this year. Sir Paul McCartney’s daughter was, however, even more nervous when she was summoned to Buckingham Palace this week. Mandrake can disclose that the 40-year-old fashion designer attended a private meeting with the Princess Royal, who is the president of the British Olympic Association and is, of course, known for her forthright opinions.

George Galloway frees Celebrity Big Brother housemate Pete Burns from police cell

While Elle Macpherson and Claudia Schiffer compete in the school-run fashion stakes, they have a new yummy mummy to compete with. Jade Parfitt, the model, tells Mandrake she’s been causing a scene at the school attended by her five-year-old son, Jackson, in west London. “I have to go to work straight from dropping him off at 8.30am, so I’m turning up in Louis Vuitton collars and Giles Deacon, which is awkward,” admits the Vogue TV presenter. However, Parfitt states so ...

Anno 2070 Deep Ocean Expansion On its Way to PC

By News Staff | Tuesday, April 24th, 2012 at 5:27:GMT+5 Ubisoft’s city-building RTS released in November last year is all set to be induced with new content, as the Anno 2070 Deep Ocean expansion has been announced for release during the autumn of this year. A new civilization level, additional content and challenges as well as a supposedly deeper game experience will be on offer with the DLC. This will mark the first time in the history of the Anno ...

Current GST system is terminal: Porter

Western Australian Treasurer Christian Porter has welcomed an interim report on the carve-up of GST revenue, which has flagged changes to a system Mr Porter states is broken and in need of reform. “I’m very positive about what’s in the report,” Mr Porter said. “What this report absolutely puts beyond issue now is that the present GST distribution is terminal. The system is terminal.” “The question then becomes how long before it is formally pronounced as deceased and when do ...

China Firm ‘Ready To Buy’ Britain’s Weetabix

British cereal firm Weetabix could be sold to a Chinese company 5:07pm UK, Sunday April 22, 2012 Shanghai firm Bright Food has been in speaks with Lion Capital, Weetabix’s private equity owner, for several weeks, according to the Sunday Times. Weetabix dates back to 1932 and was family owned until it was purchased by Texan private equity firm, Hicks, Muse, Tate and Furst in 2004 for £642m.

Jean Paul Gaultier’s design debut for Diet Coke is unveiled

French couturier Jean Paul Gaultier has given the soft drink’s bottles an haute makeover. BY Olivia Bergin | 13 April 2012 No, your eyes are not deceiving you; we reported last month how French fashion designer Jean Paul Gaultier is this year’s creative director for Diet Coke, and here are the fruits of his labour. The enfant terrible of Paris Fashion Week has conceived two bottle designs, named ‘Day’ and ‘Night’ – which harbour all the design elements of his famous ...

SmartTrans sells MyLife software to Chinese mobile retailer

ASX-listed Perth company SmartTrans has announced that its locally designed MyLife software will be installed on Android Smartphones distributed by a Chinese mobile phone retailer. Last year SmartTrans gained mobile phone entrepreneur Zhenya Tsvetnenko as a shareholder when he made a strategic investment of $500,000, amounting to about 2 per cent of the Leederville-based company. SmartTrans stated it has signed an agreement with Beijing Digitone Telecom Co. Ltd, known as D.Phone , for it to install the software on up ...