This spring, Idearc Media LLC filed for Chapter 11, planning to reorganize to get out from under massive debt, and in the process, leave thousands of stockholders holding worthless paper. Idearc’s failure could easily be thought of as yet another in a long list of companies experiencing woes due to the economy, but is this the actual cause? I think someone should be asking if Verizon itself was responsible for spinning off the company with an unreasonable debt load in the first place. Disclosure: I was a former employee and stockholder until the company announced its intention of reorganizing. Even though I’ve been widely known for predicting the “yellow pages would be toast” , my analysis indicated to that there should be a number of good years of business and revenue in print directories before anything was likely to turn critical. And, there should have been time for yellow pages companies to transition over from dependence on print revenue to create … [Read more...] about Why? A Former Employee’s View
Debt waiver agreement
Google says it captures user location data only on an opt-in, consensual basis. Where Are the Damages? As a former lawyer who did a fair amount of plaintiff-side litigation in my past I’m sympathetic to the consumer class action and believe that it has been a valuable tool to police corporate misconduct, which regulators have often been unwilling to do themselves. However class actions have also been abused by opportunistic lawyers, especially in the tech industry and especially of late. The Apple and Google suits fall into that category. For example, where are the damages? Arguably nobody has suffered any actual harm as a result of having location identified by their smartphones — at this point. Adverse PR has already brought about a policy change at Apple; and Google will probably change its disclosure rules and policy around location data collection and retention for smartphones as well. The increasing frequency of opportunistic and dubious class actions is undoubtedly … [Read more...] about “Locationgate,” Skyhook Suit And FTC-Search Probe
Abandonment: The surrender or relinquishment of a real estate property, including a piece of land or a housing unit. Accumulated Depreciation: The asset’s depreciation from the acquisition phase to the latest depreciation results in dollar amount. ADA: Abbreviation for The Americans with Disability Act, a federal legislation that prohibits any form of discrimination against people with disabilities. Amortization: The equalization of the regular mortgage payment over the life of the loan by lowering the interest payments and raising the principal payments. The repayment of loan principal over time. Annual depreciation: The depreciation of the asset in the recently finished fiscal year in dollar amount. Affordable housing: Housing governed by a federal or state agency with an aim to help people and control their rent when they meet certain criteria. Agent: Individuals who have a legal basis to act on behalf of another person. Amenities: Material and immaterial features of a given … [Read more...] about Property Management & Rental Terminology (In Depth Glossary)
To consumer advocates, payday loans have become synonymous with predatory lending. The small short-term loans often come with astronomical interest rates that can pull consumers who are trying to get by from paycheck to paycheck into a deepening hole of debt. Just this week, the FTC fined a payday lending group $1.3 billion for deceptive loan practices. Industry watchdog groups have been advocating for more regulation and pressing for change, and in May, Google announced it would start to ban payday and high-interest loan ads. The ban started rolling out the week of July 20. There were estimates the move could cost Google millions in lost ad revenue. Yet, more than two months later, it appears the ban is likely having little to no impact on Google’s bottom line. as ads continue to fill the available slots on desktop and mobile. Why? Because it’s not an actual ban, and the advertisers quickly figured out how to change their messaging to meet Google’s policies. In a … [Read more...] about Why are payday loan ads still showing on Google after the ban?
Let’s just get it out there: it appears that Zunch Communications, a Dallas-based SEM, has filed for bankruptcy. While some might call this an isolated incident, some speculative minds suggest that a correction is on the horizon for SEM agencies. Indeed, Searcharazzi is dumbfounded by the hundreds of firms that have grown and multiplied during the early years of search, which traditionally means that the environment is ripe for consolidation. Take a quick tour of any Search Engine Strategies exhibitor hall and you will get the drift. Let’s start with a tour of SEM and related acquisitions: 1998 Outrider acquired by WPP 2000 Website results acquired by 24/7 2003iFrontier acquired by Avenue AGoToast acquired by aQuantive 2004SendTraffic acquired by TraffixMarketleap acquired by Digital impactPerformics acquired by DoubleClickGlobal Promoter acquired by WebsourcedDecide Interactive acquired by 24/7Rawhide acquired by eXact AdvertisingiProspect acquired by ISOBAR 2005 Proceed … [Read more...] about Searcharazzi: Touring the SEM Graveyard