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  • Shorting Facebook on first day: Tough even for the gutsiest
    NEW YORK (Reuters) - Shorting the Facebook IPO on its first day of trading will not be for the faint of heart. As the hottest initial public offering in recent memory, Facebook has drawn 1990s-style tech-mania interest from mom and pop investors and big institutions alike. That intense appeal means even short-selling veterans are a bit wary, at least for now. "I have no interest in shorting a cultural phenomenon," hedge fund manager Jeffrey Matthews of Ram Partners in Greenwich, Connecticut, told Reuters in an email interview. ...
  • Yahoo shares climb on report Alibaba deal near

    The Yahoo! offices are pictured in Santa Monica(Reuters) - Yahoo Inc shares rose 5 percent on Friday after a report that it was close to selling part of its valuable stake in the Alibaba Group. Shares of Yahoo climbed 76 cents to $15.61. Yahoo and the Alibaba Group, the Chinese Internet group that runs e-commerce site Alibaba.com, are close to an agreement in which Yahoo would sell one-half of its 40 percent stake back to Alibaba, according to a report in All Things D, citing sources. An Alibaba representative was not immediately available for comment. A Yahoo spokeswomen said the company does not comment on rumors or speculation. ...


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