Video Games are very popular in today’s society. Just in the month of November alone there was an estimated 2.7 billion dollars spent on video games.

Video Games are very popular in today’s society. Just in the month of November alone, there was an estimated 2.7 billion dollars spent on video games. There are many different video game systems on the market today and most of them have been successful. The two biggest video game systems are Xbox and Play Station. But with the economy were it is today, video game sales are slowing starting to decline from previous years.
In October, there was an estimated 19 percent decrease in software accessories sold from the same month last year. Anita Frazier believes that this month will help video games sales a lot. Her reasoning behind this is because of the holiday. November and December are always the two biggest months for video games sales. The recession cut into flexible spending and there were fewer hit game launched than in 2008. Call of Duty Modern Warfare 2 brought in an estimated 550 million dollars over 5 days. This was a record in sales for any video game every made. The most popular video game system right now is surprisingly the Nintendo. With the Nintendo Wii and the Nintendo DS this company has had overall good success. Software sales are down 3% from last year and sales of accessories re down 6%.
Video games are very popular amongst college and adolescents today. I play about 30 minutes of video games a day. The most beneficial part of the article has to do with how much video game industries are struggling with sales and coming out with a profit. I think most companies are having problems today with staying positive and making a profit. This sudden decrease in sales won’t stop video game companies from coming out with new games, and new equipment to better their numbers. That should be the work ethic of all companies. One day I will like to own my own business and I know if my company is ever struggling I will have to do whatever it takes to get it back on track.

Facebook Must Woo Investors Before Any IPO

Google has become one of the most preferred tech stocks this decade, but sometimes it wasn’t always considered to be a sure bet. Facebook is a very popular Internet system that is used by an estimated 350 million users across the country. Some shareholders are not convinced that Facebook is a stock that they want to own. I think that Facebook stock is a good idea and also a good investment. Facebook is by far the most popular social network of all time, but will it be a bust like myspace and friendster?

In September, the company announced it was cash flow positive. All the money that Facebook generates from various advertisements and other revenue sources exceeds the cost of services and other capital expenditures. Marc Andreessen believes that the company will generate about 500 million dollars in 2009. The biggest concern is that Facebook lacks a business model. Google relies on Internet advertising for its sales, most people don’t use Facebook to shop or research products. Today Facebooks biggest competitor is Twitter. In my opinion more college students use Facebook than Twitter. I think Facebook will last for along time as well. It is very popular among adolescents today and it’s a great way to keep in touch with friends that are at different schools.

Facebook has a lot riding on their shoulders. Most social networks that have come out in this decade have been a failure, or something better came out that grabbed the attention of people. Facebook is by far the most popular social network of all time but can they continue to that status for years to come. I think the answer to that is yes. Every month it seems that they change something on the site, or make something that is new and fun. In my opinion, Facebook will be around for along time and I don’t see any new social networks coming out that can match the success of Facebook. Facebook has been very successful already and it will only get better. Investing in Facebook would be a risky investment, but I think in the long run you will see a lot of production.