GM stops all Facebook advertising for its cars, says waste of money

WSJ: “General Motors Co. plans to stop advertising on Facebook after the auto maker’s executives determined their paid ads had little impact on consumers’ car purchases, people familiar with the matter said.” Link

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California to increase sales, income taxes to save budget and decrease $16 billion deficit

Brown has said there will be even deeper cuts, mostly to public education, if voters do not improve tax hikes in November. He is seeking a quarter-cent increase in the state sales tax for four years and a seven-year hike on incomes of $250,000 or more that will range from 1 to 3 percentage . . . → Read More:

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Poll: Romney opens 8 point lead over Obama

The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows Mitt Romney earning 50% of the vote and President Obama attracting 42% support. Four percent (4%) would vote for a third party candidate, while another three percent (3%) are undecided. Link

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Facebook co-founder renounces US citizenship to avoid paying $600 million in taxes

SFGate.com: “Eduardo Saverin, the billionaire co-founder of Facebook, renounced his U.S. citizenship before an initial public offering that values the social network in upward of $90 billion, a move that may reduce his tax bill.” Link

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One of the toughest careers out there is being an entrepreneur

VentureBeat.com: “How JackThreads grew from a bootstrapped bedroom startup to 2M members” Link

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University of Illinois: Drinking beer increases intelligence

The Telegraph: “Men who drink two pints of beer before tackling brain teasers perform better than those who attempt the riddles sober, scientists have found.” Link

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Research: Pinterest delivers more revenue per click than Facebook and Twitter

VentureBeat: “If you’re an e-commerce marketer and you’re not already on the Pinterest bandwagon, you need to hop on it as soon as you can. Pinterest is the first social network that’s delivering not only lots of traffic but also real revenue and lots of new customers.” Link

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Wow! #Facebook buys Instagram for $1 billion

VentureBeat: “Facebook CEO Mark Zuckerberg just announced Facebook is acquiring Instagram. The photo-sharing startup recently passed 30 million members. Particularly since picking up a slew of new users with its Android app launch, Instagram has become one of the most important for taking and sharing photos on mobile devices, so it makes perfect sense that Facebook would want the company.” . . . → Read More:

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2012 Race on Twitter

Diego Arria

Diego E. Arria

Muhamed Sacirbey

Muhamed Sacirbey

Sebastian Aulich

Sebastian Aulich