The dot-com IPO boom is back, baby! No profits? Check. Planning an IPO? Check. Ridiculous, expensive idea? Check!
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First, from Calculated Risk : Hotel occupancy rates are up. And from PragCap , the rail business is picking up. Join the conversation about this story Avoidr Foursquare Plugin Lets You Avoid Enemies And Exes Join the conversation about this story After the disappointing day for US equity bulls, Japan’s Nikkei is continuing the trend. On the other hand, US futures have tipped up somewhat after hours, so it’s not a total washout. Says Mike O’Rourke of BTIG : We would venture to say that the lack of enthusiasm for the rally and its inability to sustain the gains led to mild or even quiet de-risking late in the session as the Russell iPhone-to-Mac FaceTime video calls might not happen until next year — because Apple may be saving it as a big feature for Mac OS X 10.7, expected in 2011, Daring Fireball’s John Gruber writes . Join the conversation about this story “Only on an Apple product would desktop folders and a unified inbox be considered innovative and exciting.” – “The worst part about iOS 4 is that it makes the iPad’s OS 3.2 feel clunky.” — John Gruber of Daring Fireball . More in our post, “Is the iPhone 4 an iPad killer?” Join the conversation about this story The wait is finally over: Google’s “email killer,” Google Wave, is finally out of its invite-only phase . Now anyone can sign up for the collaborative communication product. Google Wave has been widely panned as a flop and a product failure, but this news is a reminder that Google’s real problem is with marketing and communication. Even now, Wave is confined to Google Labs. If it emerges out of labs, it will no doubt still have a “beta” tag slapped on it. In other words, it is in no way a finished product on display for normal users. So it’s somewhat unfair that its already considered a punchline and a failure. But Google just can’t help itself from hyping these projects up and raising expectations. Which leads to howls of derision when Google releases another product only a Google engineer could love . via Gizmodo Join the conversation about this story Shares of BP will not likely be participating in the broad market rally today. In London, the company is down about 3%, as investors react to documents showing the leak could hit 100K barrels a day . The company also says that total costs have now hit $2 billion, and are currently running at about $50 million per day, according to Platts , which translates to about $2.1 million per hour. Join the conversation about this story Ray Dalio explained what he usually wears to work at his hedge fund, Bridgewater, to the Wall Street Journal in an interview recently: Chinos Boat Shoes Company Name Tag with the word, “Ray” in big letters The founder of the world’s second largest hedge fund had to explain himself after a massive 83-page heavily footnoted treatise documenting the 295 principles Ray that laid out for Bridgewater employees to live by leaked to Dealbreaker , so he’s done a couple of interviews talking about his fund and its principles. And now Dalio has shared a new and interesting detail about life at Bridgewater: He wears a name tag to work. At the company he founded. Even if there are a lot of employees (~1,000) and everyone has to wear one, if anyone needs to look at a name tag to remember who the bosses are, they should be fired. Especially since Dalio doesn’t hesitate to…
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