- Early P&L statements for YouTube emerge. By August 2006, it had $2.5M in revenue and generated at $575,500 profit. “A lot of people assumed that YouTube had to find a buyer like Google a few months later, because it could never pay its own bandwidth bill,” Peter Kafka writes. “But these numbers suggest that may not be true.”
- “While [Alan Greenspan] is correct in pointing out that his own failures as a bank regulator are in part to blame, he needs to also recognize that his failures in setting monetary policy was also a major factor,” Barry Ritholtz says.
- It may not have reached the Smoot-Hawley level yet, but the whiffs of protectionism in the air are definitely a reminder of the kinds of attitudes that exacerbated the Great Depression, Ed Harrison writes at Credit Writedowns.
- Most important aspect from FedEx’s (FDX) earnings release yesterday wasn’t its F3Q profit doubling from a year ago, or its raised 2010 earnings guidance, but rather the higher bonus accruals it announced, Jeff Matthews says.
- Yahoo (YHOO) CTO Sam Pullara is leaving the company to join Benchmark Capital, the second major executive to leave Yahoo this week. “Unfortunately, there seems to be more departures to come from Yahoo, said multiple sources throughout the company, many of whom are key execs that Yahoo can ill afford to lose,” Kara Swisher says.
- Tiffany (TIF) is attracting some unwanted attention from the shorts, MarketBeat reports, even as shares hit a 52-week high of $48.38 yesterday, according to Data Explorers. The short crowd seems to be betting it will be tough for TIF to drive shares higher with its quarterly earnings report due Monday.
- Housing price-to-rent ratio is getting closer to normal levels. “House prices are still a little too high on a national basis,” Calculated Risk says. “But it does appear that prices are much closer to the bottom than the top.”
- Palm shares plunge to their lowest level in more than a year.
- “The next app gold rush is on,” John Paczkowski says. Apple’s now accepting iPad app submissions.
- March Madness is in full swing. And while the talent level for college basketball seems to be at its lowest level in years, March is as mad as ever, WSJ reports.
