Andrew J. Bohuslavizki- Twitter IPO Still Has Huge Huge Questions Looming

Andrew J. Bohuslavizki-  Dec. 6. 2013

SAN FRANCISCO (Reuters) - Twitter Inc shares slipped on Monday after some of the five lead underwriters of its initial public offering said the social media firm may not achieve Facebook-like scale and its stock may not rise much higher.

In their first research reports since the November IPO, only Deutsche Bank and Goldman Sachs recommended buying the stock. Morgan Stanley and JP Morgan issued the equivalent of "hold" ratings. One analyst, Justin Post of Bank of America Merrill Lynch, initiated coverage with a sell rating and valued shares at $36 (£22.01), according to theflyonthewall.com.
Twitter shares dipped 1.3 percent to $41 on Monday. After an explosive debut on November 7, when shares closed more than 70 percent above the $26 IPO price, Twitter has churned for weeks in the low $40s.
At $41, the San Francisco-based company still trades at roughly 20 times estimated 2014 revenues, a multiple that dwarfs that of social media peers like Facebook Inc and LinkedIn Corp at roughly 11 and 17.6 times, respectively.
Firms that played a role in the IPO were not allowed to issue recommendations on the stock during a three-week span following the IPO known as the "quie t period." Their projections, published Monday, added little clarity to the debate over a fast-growing but still unprofitable company that has divided opinion on Wall Street.
Twitter's IPO was easily the most highly anticipated technology offering since Facebook's in 2012. Some on Wall Street have questioned whether Twitter will ever gain the same kind of vast user base Google Inc and Facebook have relied on to grow their businesses.
"The biggest unknown is that TWTR may be a niche product and won't break through to the mainstream, and may never see MAUs up near the 1B+ levels of mega-platforms like GOOG and FB," Deutsche Bank analyst Ross Sandler wrote in reference to the more than one billion users of both Facebook and Google. Sandler, the most bullish of the five analysts who kicked off coverage on Monday, put a $50 price target on the stock.
Although Twitter has rapidly revved up its revenue engine in the past year, investors are counting on it to continue delivering significant top-line gains. The company said last month that revenue in the third quarter more than doubled from a year ago to $168.6 million.
Goldman Sachs analysts led by Heath Terry saw "substantial opportunity" for growth acceleration even above Twitter's current pace as it expands internationally, thus justifying Goldman's $46 price target.
Goldman was the lead underwriter on Twitter's IPO.
"While competition for users' time is fierce and Twitter's growth trajectory is unlikely to be linear, we believe these revisions will, over time, justify considerable upside beyond the share current price and valuation," Terry wrote.
Eight out of 22 analysts so far issued a hold rating on Twitter, while nine recommended "buy" and 5 "sell," according to Thomson Reuters data.
J.P. Morgan analyst Doug Anmuth, who valued shares at $40, warned that the stock was priced at a "significant premium" to Facebook and LinkedIn.
He said, however, that the fundamentals of Twitter's business appeared promising. Twitter, which has so far pinned its business model on real-time, brand advertising campaigns that accompany television programs, has yet to tap into smaller businesses that want to buy ads themselves or monetize its popular video-sharing app Vine.
"We look for new initiatives like Twitter Cards and Twitter Amplify to be strong growth drivers," Anmuth said. "We believe there is also strong monetization potential in Twitter's self-serve platform, retargeting, the MoPub mobile ad exchange, and Vine."

Andrew Bohuslavizki- Bitcoin

Andrew Bohuslavizki- Bitcoin (sign: ; code: BTC) is a cryptocurrency where the creation and transfer of bitcoins is based on an open-source cryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution.^[7] The concept was introduced in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer-to-peer, electronic cash system.^[1][8][9]
The processing of Bitcoin transactions is secured by servers called bitcoin miners. These servers communicate over an internet-based network and confirm transactions by adding them to a ledger which is updated and archived periodically using peer-to-peer filesharing technology.^[2] In addition to archiving transactions, each new ledger update creates some newly minted bitcoins. The number of new bitcoins created in each update is halved every 4 years until the year 2140 when this number will round down to zero. At that time no more bitcoins will be added into circulation and the total number of bitcoins will have reached a maximum of 21 million bitcoins.^[1][10] To accommodate this limit, each bitcoin is subdivided down to eight decimal places; forming 100 million smaller units called satoshis per bitcoin.^[4]
Bitcoin is accepted in trade by merchants and individuals in many parts of the world. Like other currencies, illicit drug and gambling transactions constitute some of its commercial usage.^{[11][12][13][14]} Although the bitcoin is promoted as a digital currency, many commentators have criticized the bitcoin's volatile exchange rate, relatively inflexible supply, and minimal use in trade.

Andrew Bohuslavizki on Yelp.com

Andrew Bohuslavizki-Max Levchin and several former PayPal executives founded to develop Levchin's investment projects.^[8] In late 2004, Levchin brought up the topic of Yellow Pages, which had been worked on since the incubator was started, with Jeremy Stoppelman and Russel Simmons. The two brainstormed over lunch about Jeremy's difficulty using the internet to find a local doctor, then pitched Levchin shortly after on building a site where users could ask friends for recommendations for local services by email.^[8][9][10] That day Levchin agreed to invest $1 million in the project.^[8] MRL co-founder, David Galbraith, who had instigated the research into a Yellow Pages product, came up with the name "Yelp."^[11]

Yelp was started out of MRL Ventures, an incubator
The initial site was hard to use, and attracted few readers or reviewers.^[10][12] In an "a-ha moment", Stoppelman and Simmons noticed that an increasing number of users were using a feature that allowed them to write reviews without being prompted.^[9][10] They relaunched the site in February 2005 based on unsolicited review writing.^[13]
Yelp's early review community was grown in part through Yelp parties, which were held at local businesses looking to attract patrons.^[14] The Yelp Elite, a category of super-users chosen by Yelp, was created in 2005 to reward the best reviewers.^[15] The Yelp Elite were invited to parties and other special events.^[12][16] The Yelp site had 12,000 reviewers in 2005, which grew to 100,000 in 2006.^[12] In early 2007, Yelp introduced "People Love us on Yelp" stickers to raise awareness for Yelp.^[17] By 2008, the website had fifteen million monthly visitors.^[18][19] Three years after Yelp was founded, it was active in 24 cities. Website traffic almost double over a six month period starting in late 2007 and the number of reviews passed two million.^[20]
Yelp, Inc. raised $5 million in venture funding from Bessemer Venture Partners in October 2005, which was used to expand to New York City, Chicago and Boston.^[12] Another $10 million was raised in October 2006 with Benchmark Capital,^[21] followed by $15 million with DAG Ventures in February 2008.^[22][23] In January 2010, Yelp raised $100 million in venture capital from Elevation Partners to fund an increase in sales staff.^[24

Andrew Bohuslavizki- Tumblr

Andrew Bohuslavizki- Tumblr, stylized in their logo as tumblr., is a microblogging platform and social networking website, owned and operated by Tumblr, Inc. The service allows users to post multimedia and other content to a short-form blog. Users can follow other users' blogs, as well as make their blogs private.[4][5] Much of the website's features are accessed from the "dashboard" interface, where the option to post content and posts of followed blogs appear. As of May 19, 2013, Tumblr hosts over 108 million blogs.[2] Its headquarters is on the 6th floor of 35 East 21st Street in the Flatiron District in New York City's Silicon Alley.[6][7][2] Tumblr was acquired by Yahoo on May 21, 2013 for approximately $1.1 billion

Andrew J. Bohuslavizki -Pinterest

http://pinterest.com/andrewbohu/

Pinterest is similar to earlier social image bookmarking systems based on the same principle, such as David Galbraith's 2005 project Wists.^[3] It allows users to save images and categorize them on different boards. They can follow other users' boards if they have similar tastes. Popular categories are travel, cars, food, film, humor, home design, sports, fashion, and art.
Development of Pinterest began in December 2009, and the site launched as a closed beta in March 2010. The site proceeded to operate in invitation-only open beta.
Silbermann said he personally wrote to the site's first 5,000 users offering his personal phone number and even meeting with some of its users.^[4]
Nine months after launch the website had 10,000 users. Silbermann and a few programmers operated the site out of a small apartment until the summer of 2011.^[4]
Early in 2010, the company's investors and co-founder Ben Silbermann tried to interest a New York-based magazine publishing company in buying Pinterest. The publisher declined to meet with the founders.^[5]
The launch of an iPhone app in early March 2011 brought in a more than expected number of downloads.^[5]
On 16 August 2011, Time magazine listed Pinterest in its "50 Best Websites of 2011" article.^[6]
The Pinterest app for iPhone was last updated in March 2013,^[7] and the iPad app was launched August 2011.^[8] Pinterest Mobile, launched September 2011, is a version of the website for non-iPhone users.^[9]
In December 2011, the site became one of the top 10 largest social network services, according to Hitwise data, with 11 million total visits per week.^[10] The next month, it drove more referral traffic to retailers than LinkedIn, YouTube, and Google+.^[11][12] The same month, the company was named the best new startup of 2011 by TechCrunch.^[13] Noted entrepreneurs and investors include: Jack Abraham, Michael Birch, Scott Belsky, Brian Cohen, Shana Fisher, Ron Conway, FirstMark Capital, Kevin Hartz, Jeremy Stoppelman, Hank Vigil, and Fritz Lanman.^[14]
In January 2012, comScore reported the site had 11.7 million unique users, making it the fastest site in history to break through the 10 million unique visitor mark.^[15] Pinterest's wide reach helped it achieve an average of 11 million visits each week in December 2011. Most of the site's users are female.
At the South By Southwest Interactive conference in March 2012, Silbermann announced revamped profile pages were being developed and would be implemented soon.^[4]
On 23 March 2012, Pinterest unveiled updated terms of service that eliminated the policy that gave it the right to sell its users' content.^[16] The terms would go into effect April 6.^[17]
According to Experian Hitwise, the site became the third largest social network in the United States in March 2012, behind Facebook and Twitter.^[18]
Co-founder Paul Sciarra left his position at Pinterest in April 2012 for a consulting job as entrepreneur in residence at Andreessen Horowitz.^[19]
On 17 May 2012, Japanese electronic commerce company Rakuten announced it was leading a $100 million investment in Pinterest, alongside investors including Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital, based on a valuation of $1.5 billion.^[20][21]
On 10 August 2012, Pinterest no longer required a request or an invitation to join the site.^[22] In addition, the Pinterest app for Android and iPad was also launched on August 14, 2012.^[23] The Android app was customer designed for Android phones & tablets of all cost, speed and size while the iPad app is described as the "best Pinterest experience yet".^[24]
On September 20, 2012 Pinterest announced hiring its new head of engineering, Jon Jenkins. Jenkins came from Amazon, where he spent eight years as an engineering lead and was also a director of develop tools, director of platform analysis and director of website platform.^[25]
In October 2012, Pinterest announced a new feature that would allow users to report others for negative and offensive activity or block other users if they do not want to view their content. Pinterest said they want to keep their community "positive and respectful".^[26] Also in October, Pinterest launched business accounts allowing businesses to either convert their existing personal accounts into business accounts, or start from scratch.^[27]
In March 2013, Pinterest acquired Livestar. Terms were not disclosed