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Investors are quickly losing interest in the world's most popular social network, which went public last Friday.

 

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Yahoo said Wednesday that it will eliminate 2,000 employees, around 14% of its workforce, as new CEO Scott Thompson begins radically streamlining the company.

Many analysts, commentators, and pundits may be excited about a Facebook initial public offering (IPO) this year, but I must confess, I am not. Despite the prevailing trend, I believe traders, investors, and everyday individuals may want to think twice before jumping on a Facebook IPO bandwagon.

Below we present some of the important news from the world of stocks and finance that will help potentially make the news this week as well as shake up the markets.

One analyst has a very interesting prediction for the future of Yahoo!.

Trip Chowdhry, Managing Director of Equity Research at Global Equities Research, believes that the company – which currently trades in the $16 range – could go to $100 under the guidance of its new chief executive, Scott Thompson.

Crown Equity Holdings, Inc. (CRWE)

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Is the Chief Yahoo Crazy?

Posted by Benzinga on October 10th, 2011

There was an article on Reuters over the weekend that former Yahoo! (NASDAQ: YHOO) CEO and co-founder Jerry Yang was looking to buy the company, and take it private.

This begs the question: what does the former CEO see in the U.S. operations that no one else does?

Crown Equity Holdings, Inc. (CRWE)

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