Thursday, November 10, 2011

A Week Of Morning In Pro Sports, Our Fallen Heros Nov 2011

A Week Of Morning In Pro Sports, Our Fallen Heros Nov 2011

Vringo (VRNG) Announces Global Agreement With World’s 4th Largest Handset Maker, to Preload Facetones on Android Mobile Devices

Vringo (VRNG) Announces Global Agreement With World’s 4th Largest Handset Maker, to Preload Facetones on Android Mobile Devices

Vringo (VRNG) Announces Global Agreement With World’s 4th Largest Handset Maker, to Preload Facetones on Android Mobile Devices

Vringo (VRNG) Announces Global Agreement With World’s 4th Largest Handset Maker, to Preload Facetones on Android Mobile Devices

Vringo Announces Global Agreement with ZTE, World's 4th Largest Handset Maker | PRLog

Vringo Announces Global Agreement with ZTE, World's 4th Largest Handset Maker | PRLog

American Business: The Entrepreneurs Prison

American Business: The Entrepreneurs Prison

Sunday, November 6, 2011

Andy “The Red Rifle” Dalton

Andy “The Red Rifle” Dalton

POLL: Biggest Disappointment In The NFL So Far

POLL: Biggest Disappointment In The NFL So Far

Lost interview with Steve Jobs to air at Landmark Theaters on November 16

Lost interview with Steve Jobs to air at Landmark Theaters on November 16

NBA Lockout Update: The Likelyhood Of a Season Lingers On New Wednesday Deadline

NBA Lockout Update: The Likelyhood Of a Season Lingers On New Wednesday Deadline

POLL: What Is The Biggest Shocker In The NFL This Season?

POLL: What Is The Biggest Shocker In The NFL This Season?

Poll: Is Tiger Woods Ex-Caddie a Racist?

Poll: Is Tiger Woods Ex-Caddie a Racist?

Is Terrell Owens a Deadbeat Daddy or Responsible Parent?

Is Terrell Owens a Deadbeat Daddy or Responsible Parent?

Thursday, November 3, 2011

NBA Lockout Negotiation Update

NBA Lockout Negotiation Update

A Quiet Rex Ryan Takes His Jets To The Buffalo Bills

A Quiet Rex Ryan Takes His Jets To The Buffalo Bills

Tampa Bay Buccaneers vs. New Orleans Saints Preview

Tampa Bay Buccaneers vs. New Orleans Saints Preview

YouTube’s original channels could be Google TV’s killer app

YouTube’s original channels could be Google TV’s killer app

Yahoo launches Livestand for the iPad

Yahoo launches Livestand for the iPad

Kaggle raises $11M to make data science competitive

Kaggle raises $11M to make data science competitive

Peyton Manning Update: Health, Contract, Draft and Phil Simms

Peyton Manning Update: Health, Contract, Draft and Phil Simms

NBA Lockout Boredom Part 3: Migration Overseas

NBA Lockout Boredom Part 3: Migration Overseas

New York Giants vs. New England Patriots: Injury Report

New York Giants vs. New England Patriots: Injury Report

Cubs Theo Epstein, Begins The Turnaround, Fires Quade

Cubs Theo Epstein, Begins The Turnaround, Fires Quade

Miami Dolphins vs Kansas City Chiefs Preview

Miami Dolphins vs Kansas City Chiefs Preview

Bears Vs. Eagles: Matt Forte Contract Leads The Way

Bears Vs. Eagles: Matt Forte Contract Leads The Way

Tuesday, November 1, 2011

The 2011 MLB Gold Glove Winners

The 2011 MLB Gold Glove Winners

Crazy Fan Runs On The Field And PUNCHES A Player

Crazy Fan Runs On The Field And PUNCHES A Player

West Virginia Sues Big East

West Virginia Sues Big East

Remembering Walter Payton – The Greatest NFL Player of All-Time

Remembering Walter Payton – The Greatest NFL Player of All-Time

Shaq Uncut Book to be Released November 15, 2011

Shaq Uncut Book to be Released November 15, 2011

NBA Lockout Update: Letter From Derek Fisher To NBA Players

NBA Lockout Update: Letter From Derek Fisher To NBA Players

Chargers and Kardashian Husband Both Lose Balls On Monday Night

Chargers and Kardashian Husband Both Lose Balls On Monday Night

Sunday, October 30, 2011

Steelers Grind Down The Patriots

Steelers Grind Down The Patriots

Detroit “Bad Boy” Lions?

Detroit “Bad Boy” Lions?

It Is Time To Show Eli Manning Some Respect

It Is Time To Show Eli Manning Some Respect

Patriots vs. Steelers: LockerSmash Game Of The Week

Patriots vs. Steelers: LockerSmash Game Of The Week

Dallas Cowboys vs. Philadelphia Eagles Preview

Dallas Cowboys vs. Philadelphia Eagles Preview

Suck for Luck Sweepstakes Continues

Suck for Luck Sweepstakes Continues

Redskins vs Bills Preview

Redskins vs Bills Preview

Patriots vs. Steelers: LockerSmash Game Of The Week

Patriots vs. Steelers: LockerSmash Game Of The Week

Tim Tebow Part 2: Broncos vs. Lions

Tim Tebow Part 2: Broncos vs. Lions

Sunday, October 16, 2011

New York Yankees GM Brian Cashman, A Team Guy

New York Yankees GM Brian Cashman, A Team Guy

The Need to Understand Social Media 2011 Part 1: Facebook and Small Business

The Need to Understand Social Media 2011 Part 1: Facebook and Small Business

The Need to Understand Social Media 2011: The Good Carpenter

The Need to Understand Social Media 2011: The Good Carpenter

The Ravens Look To Go 4-1 Against The Texans

The Ravens Look To Go 4-1 Against The Texans

10 “Must” Places To Eat In LA: #9 Unami Burger

10 “Must” Places To Eat In LA: #9 Unami Burger

Top Beaches in Los Angeles: Manhattan Beach – The Strand

Top Beaches in Los Angeles: Manhattan Beach – The Strand

Tetris

Tetris

2 Porn Stars Have Sex While Skydiving

2 Porn Stars Have Sex While Skydiving

Panthers vs. Falcons Preview VIDEO

Panthers vs. Falcons Preview VIDEO

49ers vs Lions Preview VIDEO

49ers vs Lions Preview VIDEO

The New York Giants, A Reality Check For The Bills

The New York Giants, A Reality Check For The Bills

Thursday, October 6, 2011

FIGHT VIDEO: Nolan Ryan beats the crap out of Robin Ventura

FIGHT VIDEO: Nolan Ryan beats the crap out of Robin Ventura

White Sox replace Guillen with Robin Ventura

White Sox replace Guillen with Robin Ventura

Apple’s market value remains unaffected by Jobs’ death

Apple’s market value remains unaffected by Jobs’ death

Shaky U.S. markets have been sending IPOs overseas

Shaky U.S. markets have been sending IPOs overseas

Quadruple revenue by uniting sales and marketing

Quadruple revenue by uniting sales and marketing

Sporting News 2012 NFL Mock Draft

Sporting News 2012 NFL Mock Draft

Sporting News 2012 NFL Mock Draft

Sporting News 2012 NFL Mock Draft

ESPN Body Issue Gets Pros Naked!

ESPN Body Issue Gets Pros Naked!

Terrell Owens Fakes Retirement, Hopes to be Back to NFL in 30 Days

Terrell Owens Fakes Retirement, Hopes to be Back to NFL in 30 Days

Big 12 Conference votes in favor of inviting TCU to join league

Big 12 Conference votes in favor of inviting TCU to join league

Detroit Tigers at New York Yankees Game 5

Detroit Tigers at New York Yankees Game 5

Nolan Ryan could be the perfect owner

Nolan Ryan could be the perfect owner

Tuesday, August 9, 2011

Hearing Set for Dykstra Grand Theft Auto Charges

Hearing Set for Dykstra Grand Theft Auto Charges

L.A. Dodgers to honor Hall of Famer Duke Snider at Tonight’s Game!

L.A. Dodgers to honor Hall of Famer Duke Snider at Tonight’s Game!

Social Media, The Problems and Localization

Social Media, The Problems and Localization

Santa Monica Farmers Market turns 30; giant party planned – latimes.com

Santa Monica Farmers Market turns 30; giant party planned – latimes.com

Stopping the Spread of the Beverly Hills Cookie Cutter Mansion.

Stopping the Spread of the Beverly Hills Cookie Cutter Mansion.

The Inspiration of South African Sprinter Oscar Pistorius

The Inspiration of South African Sprinter Oscar Pistorius

Monday, June 20, 2011

The Groupon IPO, Look For The Moat

The Groupon IPO, Look For The Moat

For every moat there is a castle, at least that’s what Warren Buffet thinks.  Buffet, says that any business worthinvesting in must have a moat, a huge competition barrier that completely separates that business from any other in the same sector.

Think about what he is saying, where there is a moat you will have a castle. However, for every castle there may not be a moat.  Not all things are as they seem.  Look for the moat, the sure bet.  Other than the moat and the castle, everything else in the kingdom is irrelevant as an investor.

Let’s jump right into it:

  1. They flat out rejected a $6 billion cash offer from Google. This is kind of like rejecting an offer from Vito Corleon, not a good idea in the long run.
  2. They have seen growth in 5 straight quarters.  Yet they did an original IPO valuation at $15 billion based on a $713 million dollar year.  Remember what P/E stands for, Price vs EARNINGS.
  3. Then they came out and re-valuated at $25 billion. What? Red Flag for me.
  4. They have a great idea, a huge data base and they are the biggest current influencer in the space.

But do they have a moat?  I don’t think so, but I know that this is not a normal “technology” play, this is a database and marketing and market share play. With $25 billion to blow on marketing in a space of startups, they would own the space for life.  If you had to define a moat, this would be it for Groupon, but here are some problems:

Too Many Copycats

Groupon copycats are only outnumbered by those that have tried to become “The Next Facebook”. Since they have no real protection for their software, the world has figured out how to create deal of the day offers too. This always means 2 things for the industry in which it occurs.

First, the prices of goods and services will always get cheaper, good for us.  Then, the margins will fall as dealmakers toss around discounts to acquire new business or retain a client, good for local merchants. Nowhere in this pattern do you see that this is good for Groupon.  Social Media and the internet are all about value. It’s about how much value you provide to your end users. Unfortunately, Groupon doesn’t offer a lot of it moving forward.  In my opinion, they have already offered all the value they ever will.

They were a great idea in a bad economy, that’s it.  The coming plague of margin decay will put a toll on everyone in the space, it is only natural.  They did their job and stimulated the local restaurants and massage parlors, but it is a new day.  If the economy truly turns, will they be relevant?

Lack of Organic Traffic

Last year Groupon did $713 million in revenue, but they had to spend $243 million in marketing to make that happen.  This is not what you want to look for when thinking of buying a stock in the social media market.  As a matter of fact, you want the exact opposite.  Organic traffic is all that matters in this space, period.  Anything else can be duplicated, because there is no moat.

Ask yourself these questions and form your own opinion.

  • How much time have you ever spent on Groupon.com?
  • How much value do they bring your life?
  • How long have you been registered with Groupon?

Gray Area

Basically Groupon is a 2 year old business.  They have crushed traffic and grown like weeds. So why is there so much gray area with them?  They are one of the best marketing companies, ever, but they are not as sticky as LinkedIn orZynga and certainly not “social” like the LinkedIn.  The questions about organic traffic moving forward have been popping up.

They have gone on air and said that their average user stays with them for 4.5 years.  4.5 years……..they have only been live for 2 years, that one is stuck in my head.  Don’t let the BS cloud your thoughts. Look them up online, do your own homework on this, I hate conspiracy theories.  Just note, there is some gray area in the air.

Sum It Up

Basically, Groupon is a cool system and one of the best stories in US business history, but they are nowhere near the best deal this year yet to come.  They are duplicatable (in operation, not success), they were the first to the space, they have been promoting the hell out of there valuation and they will make traders some money.  I am not saying stay away from Groupon at all.  I am saying be prepared for what is to come should you become an investor.  I personally would be more excited to see Yelp go public, but time will tell.

-Eric Rice

 

Lone Wolf Inc

 

 



Twitter Marketing, Some Fresh Air

Twitter Marketing, Some Fresh Air

To some, Twitter is a fantastic tool for helping them to stay in touch with family and friends, and to make new friends.  For others, Twitter represents a low-to-no-cost, wide reaching advertising venue.  It’s no wonder that everybody from the average Joe and Jane to mega-corporations like Starbucks and Google are utilizing this micro-blogging platform for brand and revenue enhancement.

While you probably do not have the reach, or the visibility, of the likes of Google and Starbucks, that doesn’t mean that you aren’t able to glean a pretty penny or two by investing in your own Twitter account.

 

Requisites – tools and resources you need

Really, it’s not difficult to turn your social capital into cash, and here are the three things you need in order to make money using Twitter:

  • A working knowledge of how to market via social networking channels.  Experience is preferred but you have to start somewhere
  • A free twitter account
  • A way to monetize Twitter

The last two are simple — you probably already have these items in place.  However, it’s point one that can make the difference between success and failure when you’re looking to turn your social networking stock into real, spendable cash.

Step 1: Knowing how not to market yourself on Twitter

Probably the easiest way to learn the right way to approach marketing through Twitter is to identify the wrong way of going about promoting your products and services.  Quite simply — you need to understand that your Twitter account is not to be used as a digital billboard.  Sure, some individuals may get away with it — they post tweet after tweet of links to products and services, or they’re just a non-stop self-promoter.  However, for every blatant advertiser making money on Twitter, there are hundreds, if not thousands, who aren’t making one thin dime.

Social networking is not the same as traditional “in-your-face” marketing tactics — networking is about relationships.  If you want to earn money with your Twitter account — don’t turn your tweets into a billboard for your favorite program — to be successful, you should use it as a platform to leverage your social relationships to turn them into profit.

Step 2: Representing a product or service that your followers need

One of the major pitfalls of marketing is choosing to promote a product or service that your audience doesn’t really need, or isn’t, as a whole, willing to pay for.  This marketing tidbit is as true when you’re marketing with Twitter as when you’re promoting a product or service from your own website or blog.

 

Established internet marketers tend to know this already, but when you’re looking to monetize your website, your blog, or your Twitter account — whatever it is that you’re promoting needs to fulfill a need for your audience.  Taking this even further, needs are different amongst different groups, even within the same market.

As a real-world example, let’s say that your Twitter account, and its focus, favors online business owners.  Online business owners need SEO (search engine optimization) and marketing — at least the large majority does.  However, within this group of online business owners who need SEO and marketing, there are three main sub-groups:

  • Business owners who want to outsource their SEO and marketing and can afford to
  • Business owners who would rather outsource their SEO and marketing, but can’t really afford to
  • Business owners who want to learn SEO and marketing themselves — either because they cannot afford to outsource, or because these are skills that they want to pick up

Now, there are likely more groups along these lines, but the point is this — if your Twitter followers are predominantly large business owners, you’re probably not going to fare well promoting a do-it-yourself SEO guide.  Likewise, if your followers are predominantly comprised of ‘newbie’ online business owners, you’re probably not going to land many sales by promoting high-end SEO and marketing services.

Bottom line — pick a product or service that matches your followers, and one that fulfills a need that is pertinent to them.

Step 3: Choose quality over quantity

It’s not difficult to obtain thousands of followers on Twitter — if you have some time on your hands, or you use a script — you could probably gain a few hundred to a few thousand Twitter followers in a single afternoon.  Furthermore, if you add your Twitter account’s URL to any of the popular ‘follow me and I’ll follow you’ type websites — you can increase your follower count substantially.  However, with social networking — it’s not about the numbers — it’s about your relationship with your network.

Today’s internet users are quite familiar with online advertising, and quite frankly, many people go out of their way to minimize the number of ads that they are forced to view on a daily basis.  Internet users install pop-up blockers, use software such as AdBlock Plus to prevent ads from displaying, they filter their emails, and they ignore the Tweets of those who choose to use their Twitter account as a billboard for their favorite product or service.   In other words, just because you have thousands of followers on Twitter, this does not mean that you can turn those followers into buyers, or even website visitors for that matter.

Instead of working to boost your follower count, work on interacting with your current followers.  If they have questions, answer them; if they ask for help, offer it in a non-promotional way.  Relationships are key in social networking — numbers won’t help you make sales, but relationships will.

Step 4:  Highlight your products or services

In direct marketing, it’s common knowledge that you need to ask for the sale if you want to get paid.  However, when you are looking to use Twitter to market your products or services, you probably shouldn’t go out and ask for a sale — at least directly. Instead, you should take a more subtle approach whereby you leverage your ‘klout’, so to speak, with your followers.

First, it’s probably a good idea to utilize the ‘more info URL’ setting on your account settings page.   This link is displayed above your bio on the right-hand side of your dedicated Twitter page.   Plenty of people have made sales just because they included a link to their website from their Twitter account, and you can, too.

Second, when you want to promote something via Twitter — don’t try and make a ‘hard sell’ pitch in 140-characters or less.  Some people get away with it whereas others do not.  Based on personal experience, just mentioning a product or service, with a benefit-driven or helpful slant, works better than pushing hype.

Keeping to our example of online business owners and SEO services, here is an example of a good tweet vs. a bad tweet:

  • Good tweet: Found a cool service worth checking out if you’re looking for SEO help – exampleURL
  • Bad tweet: Get a ton of FREE search engine traffic to your website! – exampleURL

If you want to experience more success when marketing via Twitter, highlighting products or services tends to work much better than trying to sell products and services.

The key to success with Twitter marketing:  be a real person

Successfully marketing products and services using Twitter is not difficult — at all. However, if you want to experience some of the moneymaking benefits that are available through Twitter marketing, you need to understand what Twitter truly is — a social network, and not a digital billboard to promote your products and services.

-Eric Rice

Lone Wolf Inc

 

 



The Groupon IPO, Look For The Moat

The Groupon IPO, Look For The Moat
The Groupon IPO is on its way. But, do they offer anything unique to the world anymore? Do they have a moat? I don’t think so, but I know that this is not a normal “technology” play, this is a database and marketing and market share play. With $25 billion to blow on marketing in a space of startups, they would own the space for life. If you had to define a mote, this would be it for Groupon, but here are some problems

Wednesday, June 15, 2011

Who Wants Football Back in Los Angeles?

Who Wants Football Back in Los Angeles?

Lets get right to the point, Los Angeles needs a football team more than anything. Not only for its financial benefits, but for the appeal and joy it will bring to the city. There has not been football in Los Angeles since 1995, when the Rams left town to St. Louis. Everyone in Los Angeles has been dying to see an NFL team. No matter how many different developers have tried to bring a team to LA, their plans have constantly been shut down or abandoned because it was too difficult of a task to bring a team to Los Angeles.

But, I believe that this time is going to be different because of the company that is trying to bring a team to Los Angeles. You might be wondering whom that company might be, its Anschutz Entertainment Group better known as AEG. They are well known for the many projects that they have done in Los Angeles, such as the Staples Center, Home Depot Center, and L.A. Live. All these ventures have all turned out to be quite successful.

By having such an impressive track record I really do believe that AEG and the success of Tim Leiweke, CEO of AEG really do have the power and the capability of bringing football back to Los Angeles.

AEG is currently in the in-between phase where they have spoken to five football teams (Raiders, Chargers, Jaguars, Vikings, and Rams) who have expressed interest in moving to Los Angeles. These teams are just waiting approval from the NFL.

AEG currently has to deal with the Los Angeles City Council who has been known to be very shy to accept any sort of deal. AEG also must finish an environmental study to prove to the city council that this project will be very beneficial.

Many critics of this project have said that this stadium will cause a madness of traffic, and could do more damage than good. One of the most intriguing parts of this project is that AEG has expressed numerous times that this project will be funded privately, and that there will be no need for any money to be contributed by the taxpayers. AEG believes that it is unfair to make the taxpayers contribute any money towards this project, when the entire state is bleeding financially out of their pockets.

AEG being the smooth and suave company that they are have already been able to convince Farmer’s insurance to pay $650 million of the billion-dollar stadium to be known as Farmer’s field.  AEG plans on tearing down the West Hall of the convention center and making it able to connect the stadium to the current convention center. With this project it will help the appeal of the convention center, moving it from fifteenth currently all the way up to fifth for convention centers.

This proposed stadium deal would potentially add 18,000 jobs and create a whole new economy in the downtown area by making Los Angeles a much more appealing and attractive city to travel to. The NFL is a 9.2 billion dollar moneymaking machine that brings in too much revenue for an idea like this to be shot down.

Not only as a sports fan, but as a native of Los Angeles I know that the people would want nothing more than to be able to attend an NFL game and know that professional football is back, and here to stay. Los Angeles is the second biggest market in the country, and has too much potential for it not to be given a chance to be rewarded with a NFL team.



Top 500 Basketball Players of All-Time

Top 500 Basketball Players of All-Time

Slam Magazine recently released a new top 500 list of NBA players and frankly the only two people pleased with this list must be Michael Jordan and Pervis Ellison. Yes, obviously Michael was first, and for those of you who haven’t heard of Pervis before, he made the list at a respectable position, #500.
Now anyone who makes a list of 500 players of all time in any sport will receive more than a lot of criticism. Take that amount of hatred and multiply it by 100 because that is how bad this top 500 NBA list that Slam magazine came out with is. To start, Kareem Abdul-Jabbar is somewhat high being at #7; especially when Shaquille O’Neal is #4. Then you continue down the list and see that Tim Duncan is 8th while Kobe Bryant, Jerry West, Elgin Baylor, and Hakeem Olajuwon are 10-13 respectively. For all those Lebron James fans out there, he was placed at #31 behind Rick Barry, George Mikan, and John Havlicek; just to name a few.
I could go on for days about how wrong almost every player on this list is, but instead I will try to explain why and how Slam made these mistakes. The players on this list are only ranked by their statistics. Every basketball fan understands that a lot more goes into a star than just their numbers. Furthermore, the players that were going at it back in the day got screwed. Any ABA stats that some of the old greats had, such as Artis Gilmore, were not counted thus dropping them between 50-150 places on the list. Also, Steve Kerr, a 5-time NBA champion had his name excluded as well because he most likely didn’t have a stat or two that Pervis did. I mean who cares about championships anyway, right?
 

 

The next problem is the list only includes what the individuals have done as PLAYERS, and the NBA is composed of so much more. For example, Phil Jackson (the all-time winningest man in NBA history), Pat Riley and John Wooden were all left off the list. What about historical personnel to the NBA? Don’t they mean anything? What about the first African-American players to participate in the league…To me they mean more to the game today then 450 players on that list. Charles Cooper and Earl Lloyd were the Jackie Robinson of the NBA (to a lesser extent that is).
To be considered for the list in the first place, you must have played on an NBA roster for at least 5 seasons. That’s too bad because I thought Kevin Durant and Derrick Rose were pretty solid players. I must be confused because I was always under the impression that the NBA Scoring Title and the MVP awards were somewhat significant.
I have tried not to look too much into the rankings and just get the overall feel of who is in and who is out, but I cannot help myself anymore…I was unaware that there are 85 NBA players that are better than Dwight Howard and even more that are better than Carmelo Anthony and Chris Paul. Oh yeah and I can easily name 143 players that have more impact on games than Amar’e Stoudemire. I mean come on Slam, Ron Artest is better than Manu Ginobili and Amar’e? Yao Ming, “Mr. Injured,” gets to play a season or two and since he is a giant he gets #154.
All in all, most of the top 500 players of all-time are in this list, just most of them are in very wrong places. Check out the list yourself and let me know what you think!!!
 
 



Tuesday, June 14, 2011

Congratulations to the 2011 NBA Champions Dallas Mavericks!

Congratulations to the 2011 NBA Champions Dallas Mavericks!

June 13, 2011 By admin 16 Comments

2011_NBA_Champions_Dallas_Mavericks.jpg

An amazing NBA Finals series was capped off by the Dallas Mavericks taking a Texas style ass whoooppin’ down to South Florida beating the Miami Heat to win the Championship. After a series filled with some close games, Dirk and company closed hard in games 5 and 6 to take the title. I viewed this series as heart vs. talent. It was not that I felt Dirk, JT, and company were not great players, but more the Heat’s “Dream Team” of Lebron James, Dwayne Wade, and Chris Bosch were thought of as invincible. The Heat might have been selling, but the Mavericks weren’t buying it.

…and others were not buying either. Over on Twitter I found a couple of the funniest comments by John Layfield; “Silly Lebron Rings are for Kobe!” and “Give LeBron James a dollar and he’ll give you 75 cents back-cause HE DOESN’T GIVE ANYONE THE FOURTH QUARTER!!!” 

mark_cuban_2.03.jpg

Lebron James, or @KingJames as he is so named on Twitter, made on tweet after the game; “The Greater Man upstairs know when it’s my time. Right now isn’t the time.” My only quesiton is if God really care about rings?

On the other side of the court the owner of the Dallas Mavericks, Mark Cuban, tweeted out late last night “This may sound weird. I’m laying in bed with the trophy next to me.” Now that’s passion in it’s greatest hour folks!

Team LockerSmash congratulates the Dallas Mavericks and thanks you so much for making NBA basketball exciting again! We also congratulate the city of Cleveland, as I know you folks are smiling ear to ear today!

LOVE IT!

Harrison Painter



StockTwits Launches Online Investor Relations Dashboard

StockTwits Launches Online Investor Relations Dashboard

Investing and investor relations have both had a tough time merging with social media for quite some time, but the day is coming when this will no longer be an issue.  Wall Street is one of the last sectors to embrace social media in any way.  However, with Morgan Stanley beta testing social media marketing with their top brokers it is becoming more apparent that Wall Street wants to be art of the online social networks more and more.  On Wednesday June 8, 2011, StockTwits, the social network-style online investment community, launched the StockTwits IR Suite, which aims to assist public companies in monitoring and measuring company news across the social media sphere. IR Suite is the first social media solution of its kind aimed at investor relations departments.

StockTwits offers verified business accounts

 

 

The launch comes on the heels of a beta period for the product in which 50 companies signed up and began using the StockTwits IR Suite to manage their presence on StockTwits and across other social networks. Fortune 500 companies such as Dell and Ford are among the companies that have already added social media to theirinvestor relations workflow through the new StockTwits solution. This is a step in the right direction, finally.

 

According to the StockTwits Blog, “The StockTwits IR Suite allows companies to claim their tickers and take control of their social presence on the leading investor focused social network through listening to, engaging and reaching the broadest possible social audience.”  This is a revolation in the financial industry for many reasons, which I will explain later in the post.

 

The StockTwits IR Suite consists of three main components: Verified Ticker Pages, Social Distribution, and the Social Dashboard. Verified Ticker Pages allow companies to claim their ticker page on StockTwits.com, and customize special panels to display a company blog, YouTube channel, and SlideShare presentation links. The Social Distribution component makes it simple for companies to disseminate information posted to StockTwits across a handful of social networks and sites including Facebook, Twitter, LinkedIn, Yahoo! Finance, Investopia, CNN Money, and Reuters. Finally, the Social Dashboard brings the IR Suite together via a central command center designed to aide in analytics, communications, and compliance.  This will allow companies the ability to connect with both happy and unhappy current and potential investors and make changes that the public requires.  After all these are PUBLIC companies and serving their public should be their main goal.

 

StockTwits Dashboard

The StockTwits IR Suite is available to companies free of charge, but premium add-ons will be rolled out over the next 12 months. The first available add-on is the Social Compliance upgrade, which addresses legal issues and appends disclaimers to information shared via StockTwits. Social Compliance can be added to the IR Suite for $99 per month. This small fee is one that every company will be willing to part with, but the question will be whether or not the legal teams will endorse the fee. SEC law is a very specialized practice and requires in depth understanding of not only the current law, but the trends that are occurring. In this environment, few things are more concerning than compliance and regulation.

 

 

As we discussed in my recent piece regarding investor relations and social media, IR departments have been wary to embrace the social media phenomenon for a number of reasons, loss of control, fear of regulation backlash and even fear of truly knowing what the public actually thinks about these companies.  StockTwits hopes to make the transition easier with their new product, and I think they will to an extent.  According to StockTwits CEO, Howard Lindzon, compliance concerns as well as an overall lack of social media understanding have made the jump difficult for companies. Most PR and IR teams have no clue what social media is and how it works, which is the real problem at the root of it all.  Lindzon believes the StockTwits IR Suite will help IR professionals ease their way into the social space; “This is like training wheels,” he says.

 

StockTwits has been rapidly gaining popularity since its founding three years ago, and today the site has approximately 100,000 active users, which is truly not a large number considering the numbers of other niche social networks.  The investment community aims to become the ‘Facebook’ of investing and finance.  This is really a good intention and a bad marketing phrase, as I have stated in past posts.  The StockTwits IR Suite is yet another step in the right direction for the company and I support the movement.

 

Next week I will be writing a piece on the importance of social engagement from public companies from both the company and investor side. If you would like to get a real time reminder please click here or simply sign up for the RSS feed.   To learn more about the StockTwits IR Suite, please visit http://stocktwits.com/IR

by Eric Rice