Doomsday Scenario: Higher unemployment, no IPOS, Twitter DOA -- already

Posted Apr 2nd 2009 4:30PM by Alex Salkever
Filed under: Deals, Bad News, Newspapers, New York Times'A' (NYT), Morgan Stanley (MS), Economic Data, Technology, Recession, Financial Crisis

Mark to market is R.I.P. But that's good news. Sentiment is building in the punditosphere that unemployment has not yet peaked and might not peak until 2010. TechCrunch reports that not a single venture-backed company IPOd in first quarter and M&A transactions were down by half compared to a year ago. Twitter is the next MySpace, according to this post. Too many impostors, follower counting and other sad parallels.

More carnage in media land: NYT will apparently lay off 70 people from the newsroom unless union workers agree to pay cuts and rule changes. Morgan Stanley sees more consumer spending retrenchment coming this year. Lastly, the largest lender of jumbo prime mortgages during the boom is going into bankruptcy and liquidation, a victim of the seized credit markets. If even the best borrowing risks can't get commercial paper, then....

Alex Salkever is the Director of Research at Piqqem.com, a stock prediction community powered by the Wisdom of Crowds.

Tags: consumer spending, ConsumerSpending, morgan stanley, MorganStanley, newspapers, social media, social ne, social networking, SocialMedia, SocialNe, SocialNetworking, spending, twitter, unemployment, unemployment rate, UnemploymentRate

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Reader Comments (Page 1 of 1)

4-03-2009 @ 12:43AM

zachw945 said...

I don't think twitter ever had a strong enough business model. It's actual content is so very minimal and eventually gets incredibly tiresome. Facebook offers "Status updates" as well as social networking and complex applications. Twitter fails to live up to even this model. I can't imagine it lasting too long.

Zach
http://www.greedreviews.com- Letting investors rank, review and evaluate investment information sources.