Microsoft’s Activision Deal Blocked by UK
Bloomberg Businessweek
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Facebook's First Quarter Sales Missing Expectations
First quarter sales up to 28.6 billion, that's a return to growth after three straight quarters of declines. Facebook is trading at about 20 times earnings; not that egregious of a multiple and the opportunity for the top line to remain at healthy levels for the foreseeable future. If that spend gets out of control where we have to temper those expectations then the calculus would definitely change.
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