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Wednesday, May 07, 2008
First Yahoo, now Facebook?
FOXBusiness
Microsoft could be looking into a possible acquisition of Facebook, according to a report in the Wall Street Journal.
Microsoft (MSFT) bankers contacted the social-networking giant to see if the company has any interest in selling, but talks between the two companies, haven’t officially commenced, sources told the Journal.
Last year, Microsoft purchased a 1.6% stake in Facebook, Inc., worth close to $15 billion, and has previously shown interest in purchasing the company, but Mark Zuckerberg, founder of the site has been reluctant to sell the entire company the Journal reported.
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FOX Translator
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If you've seen TV footage of an active trading pit, you've probably noticed the atmosphere is uproarious and wild. The reason for all the shouting? Open outcry.
On exchange floors that use the open-outcry system, traders shout prices they want to sell while others yell back the price they want to buy at. They also use hand gestures to communicate with each other.
This system has been used for a long time, but is being replaced with modern technology. Some argue electronic exchanges can do the job faster and more accurately. One of the few exchanges that continue to use open outcry is the New York Mercantile Exchange.
