Major supporters of Groupon Inc. that have stood by the company since a long time are planning to move out of the company, including Silicon Valley veteran Marc Andreessen. It is being suspected that they are also joining the group of investors, who no longer have confidence in companies, which they earlier believed would do wonders with the internet industry.
It has been reported that at least four major investors of the Groupon (US: GRPN), who were responsible for holding its stock during the daily transaction, before it was publicized, have sold their shares.
Since November, Groupon has been revealed to have suffered a major drop in the stock market value by more than three-quarters that costs around $10 billion.
A major decline in the stocks of Groupon and plunging shares of Facebook Inc and Zynga Inc. are reminding of the dot-com bust in 2000. However, the case of these companies is not similar to that of dot-com; they have enough revenues, which can help them even gain profit. However, at present the outcome is not equivalent to what it was being obtained earlier. Facebook is even facing a time of crisis, with its share values continuing to drop.
A 3D-printed space pizza would be the next pizza on the menus of pizza makers as a new project for kitchen in space has received grants. Officials of NASA confirmed that Texas-based Company Systems and Materials Research Consultancy (SMRC) had been awarded $125,000 to do a study to develop such a 3D-printer which will be able to make nutritious...
At 11.10 pm, Barack Obama recorded a historic win by defeating his rival, Mitt Romney by 100 votes. Obama was given 303 electoral votes by the major networks, while Romney got 203.
Obama, the first African American President, was elected...
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Average price of gasoline has fallen by six cents since past two weeks and further plunge in the price is expected in the coming days.
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A team of US Scientists has recently noticed in their research that cockroaches are outsmarting...
A ministry of health official has said that there are no figures available for people suffering...
To install a multi-use, broadband communications...
A recent study has revealed that the shelf life of...
As per reports, the number of tigers at Sunderbans...
According to recent reports, an asteroid named...
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