Everybody uses apps. And how are they a stopgap to accommodate crappier phones? The very best phones use apps. The crappier the phone, the more likely you are to spend time in a browser.
All manner of things. Messaging, todos, calendaring, games, etc. Everything you could do on the web is being done in mobile apps only much better because the platform isn't a hacked together piece of sh-t.
Facebook Inc. (FB) bankers led by Morgan Stanley (MS) will split about $176 million for managing the social- networking companys initial public offering after accepting a lower-than-average fee for their work.
The underwriters are collecting about 1.1 percent of the $16 billion Facebook raised in its IPO yesterday, according to data compiled by Bloomberg. The company hired 33 investment banks for the offering, led by Morgan Stanley, JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS)
...
Underwriters bought Facebook stock to keep it from falling below the $38 a share IPO price after its debut, people with knowledge of the matter said. The bankers supported the shares after Nasdaq OMX Group Inc. faced difficulties delivering trade execution messages, said one of the people, who asked not to be identified because the transactions are private. Jonathan Thaw, a spokesman for Facebook, declined to comment.
I don't know how it works but according to Bloomberg the underwriting banks have millions of options to buy at $38 and they're just buying huge blocks of shares to keep it propped up. Or something like that.
Those quotes are about the IPO, not Google. I can't think of any company that's been given a bigger free ride by the media than Google. There's an unprecedented amount of ass-kissing.
