Home' Trinidad and Tobago Guardian : September 16th 2013 Contents A21
Monday, September 16, 2013 www.guardian.co.tt Guardian
Car Park Attendant
We are seeking to recruit a good candidate for the temporary position
of Car Park Attendant.
• Direct customers to available parking spaces
• Keep parking areas clean and orderly to ensure that space usage
is maximized .
• Lift, position and remove barricades in order to open or close
• Patrol parking areas in order to prevent vehicle damage and
vehicle or property thefts.
• Attend to customers promptly and efficiently on a daily basis.
• Perform other related duties as required.
• At least 2 O'Level Passes.
• At least 1 year experience in a similar position.
• Ability to multitask and operate within specified time frames.
• Customer focused.
• Ability to communicate ideas verbally in individual and group
Interested persons should submit their resume to:
P.O Box 600. Port-of-Spain
Please clearly indicate Car Park Attendant on your application.
Application Deadline: September 19, 2013
SAN FRANCISCO---Twitter is so
deeply ingrained in the cultural
conversation that its initial public
offering is likely to be a hot topic
on its trend-setting service for the
next few months. Its stock market
debut is also likely to be the most
scrutinised coming-out party since
Facebook went public in May 2012
and promptly flopped.
Facebook s follies made an impres-
sion on its social networking rival.
Here are four signs of the Facebook
influence on Twitter:
Lesson 1: Take the
road less travelled.
IPO submissions to the Securities
and Exchange Commission typically
include exhaustive financial infor-
mation and other sensitive details.
By taking advantage of the regulatory
changes introduced since Facebook
went public, Twitter is giving
investors, the media and would-be
competitors less time to pore over
its IPO documents.
Twitter gained the wiggle room
under a law passed last year shortly
before Facebook completed its IPO.
Called Jumpstart Our Business Start-
ups act, the law allows a company
with revenue below $1 billion to file
its IPO papers with the SEC con-
fidentially. This allows the docu-
ments to remain secret until 21 days
before the company starts marketing
the deal to investors---a ritual known
as a "road show."
By reducing the amount of time
that its filing information is available
for public review, Twitter is hoping
to minimise the nitpicking over its
business model. Like other high-
profile companies that have gone
through the standard IPO process,
Facebook had to endure more than
three months of second-guessing
about the information contained in
its documents. At the same time,
the company couldn t respond to
criticism or misleading interpreta-
tions of its filings because of an SEC-
enforced "quiet period" that restricts
what management can say before
an IPO is priced.
Lesson 2: Work
Twitter is going public as a
younger and smaller company than
Facebook Inc, making it easier for
the company to generate the kind
of robust growth in revenue that
tends to excite investors.
Facebook was eight years old by
the time it went public and had
already built such a large business
that it was more difficult to speed
its pace of growth from one quarter
to the next. In its final year before
going public, Facebook had annual
revenue of $3.7 billion---more than
twice as much as Google did when
it went public in 2004.
In contrast, Twitter is only seven
years old and didn t even start to
generate significant revenue until
2010. Research firm eMarketer esti-
mates that Twitter had $288 million
in revenue last year (the actual figure
will be revealed once the veil lifts
off the company s IPO documents).
Because it still has a relatively
small financial base, it won t be sur-
prising to see Twitter s revenue more
than doubling from the previous year
for several quarters after its stock
starts trading, PrivCo analyst Sam
Hamadeh predicted in a research
Lesson 3: Leave some
money on the table
Twitter won t price its IPO as
aggressively as Facebook did, says
Hamadeh. That increases the
chances of Twitter s stock rising
once it begins trading. He expects
Twitter to set its IPO at a price that
values the company at about $15 bil-
lion. That s up from an estimated
value of $10 billion, based on the
money Twitter has raised from ven-
ture capitalists and other early
Facebook kept raising its IPO price
until the company was valued at
$104 billion, or about four times
Google s valuation when it went
public in 2004. Facebook saw its
stock plunge from its IPO price of
$38 to below $18 within four months
of its IPO amid concerns about its
slowing growth and ability to sell
ads on mobile devices.
Lesson 4: Timing
Many analysts thought Twitter
might wait until next year to go pub-
lic, but the stock market s appetite
for social media companies has never
been hotter. With the company s
revenue growth picking up again,
Facebook s stock has surged by more
than 60 per cent in less than two
months. Meanwhile, LinkedIn Corp s
stock has more than doubled so far
this year. (AP)
Twitter learns from Facebook's IPO follies
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