The latest report of the United States’ Department of Agriculture showed that the largest volume of corn produced this year is going to be used for ethanol production. According to the World Agricultural Supply and Demand Estimates of the U.S.D.A, 5.05 billion bushels of corn from the 2010/2011 crop year will be used for ethanol and byproducts while 5 billion bushes will be used as animal feed to help produce food for people.
Filed under: Internet
Facebook Mobile has been rapidly expanding its reach, growing from 100 million users per month in February 2010 to 250 million users per month in March 2011. Should this type of growth continue, there could be upside to our intrinsic value estimate for Facebook, which we currently peg at .1 billion. Facebook competes with Google, Yahoo, Microsoft, AOL in the text and display advertising market as well as the search advertising market.