Judge dismisses Winklevosses’ latest suit against Facebook
July 25, 2011 by admin
Filed under Lingerie Events
A federal judge in Massachusetts on Friday dismissed a suit against Facebook Inc. by the Winklevoss twins, alleging that the social-networking service suppressed evidence that could have bolstered their claims that founder Mark Zuckerberg stole their idea for the site.
The challenge in the U.S. District Court for the District of Massachusetts was the latest brought by the Cameron and Tyler Winklevoss, and their partner Divya Narendra, following their recent decision to not pursue a separate suit seeking a larger settlement to the U.S. Supreme Court.
A Facebook spokesman declined to comment. The Winklevoss twins could not immediately be reached for comment.
Instead, they allege, Zuckerberg used his experience with ConnectU to develop a competing site, which eventually became Facebook.
Last month, the plaintiffs filed a report with the Massachusetts court seeking discovery on the issued of whether or not “the Facebook Defendants intentionally or inadvertently suppressed evidence” that could have bolstered the twins’ case.
That followed a Ninth Circuit Court of Appeals decision to deny the twins a rehearing of their case seeking a revamped settlement agreement, and the twins’ decision not to pursue that case to the Supreme Court.
The twins had argued that had they known Facebook’s true internal valuation of the company, they would have sought a larger ownership stake than their roughly $65 million settlement awarded them.
Facebook filed a motion to have the Massachusetts litigation dismissed earlier this month.
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Today’s Focus Stock – BZRT
July 25, 2011 by admin
Filed under Lingerie Events
BZRT Dives into an All-New $1 BILLION Social Networking Market!
Good Morning!
Bizrocket.com Inc. (BZRT) recently re-launched its kids-only version of Facebook with a twist: Families have to pay $5.95 a month to join! (Read more)
Since BZRT formally announced the site was open for business on May 5th, traffic is up 261% and traders have been piling into the stock in waves – pushing average weekly volume up 5,700% in the process. (Read more)
Yet so far, all that trading hasn’t lifted the closing price. Nevertheless, almost half the time, the intraday action has delivered a tempting DOUBLE-digit ride for traders, along with plenty of 30% and 40% spikes!
Chart Analysis
• MACD has been rising since crossing signal June 1st, reflecting a near-2-month divergence.
• Showing higher lows and higher highs since BZRT bottomed out at $0.03 on June 30th.
• STO is on the edge of oversold.
• BZRT has spent the last week hugging the 20 mda at $0.0495.
• Accumulation went vertical in the wild feeding frenzy of July 14-15th and is still elevated.
BZRT has a “Protective Moat” around its $1 BILLION opportunity!
BZRT isn’t scared one bit of Facebook – because Facebook, virtually and age-wise speaking, is on another planet!
You see, BZRT’s target market – the under-13 crowd – is legally barred from signing on to Facebook. (Read more)
Yet, that under-13 crowd – is a $1 billion market!
In other words: Facebook can’t compete with BZRT!
So, BZRT has had its hands full signing up families who want to protect their kids from the dirty underbelly of social networks.
BZRT conservatively estimates that its run rate will be above $50 million a year by 2014. (Read more)
Fact: There are 80 million American households with kids, so BZRT only needs to capture 0.8% of the market to accumulate 700,000 paid accounts to earn its $50 million.
Granted, for a start-up like BZRT, trading at around $0.5 a share, $50 million is a great deal of money. But that’s only the tip of what Web analysts call a $1 BILLION pre-teen social networking market! (Read more)
Bottom Line: BZRT is a fresh name in the white-hot social networking space – and operating in a market Facebook simply can’t touch.
In the meantime, traders have busy filling their pockets riding BZRT’s intraday swings and 30% and 40% spikes!.
Get BZRT on your screen RIGHT NOW and see if it delivers another spiking intraday gain today.
See you in the winners’ circle!
Beacon Equity Group
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This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Beaconequity.com is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.