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Category Archives: bankruptcy

BlackBerry Reportedly Considering Turning BBM Into Spinoff Subsidiary, Which Explains Cross-Platform Launch

Lawd I knew this was going to happen soon or later. Blackberry is on its way out. Its hard to believe that its all coming to a end.

In a move that should surprise exactly no one, BlackBerry is said to be thinking about spinning off BBM into its own subsidiary company called BBM Inc., says the Wall Street Journal. As BlackBerry faces the prospect of potentially having to part out its more valuable assets for sale, BBM is a natural opportunity that comes to mind, and the recent decision to take the messaging platform to both iOS and Android makes a lot more sense once you consider that a means of fluffing the brand prior to a potential sale.


Giving away the proprietary mojo of BBM made little to no sense if you didn’t consider this one of BlackBerry’s strategic plans down the road; the company has long-touted BBM as one of the primary reasons that people come to and stay faithful to BlackBerry. If you give them the opportunity to take BBM with them, there’s one less barrier to switching.

You can make the argument that BlackBerry has more to gain by encouraging BBM network growth once it starts offering stuff on multiple platforms, including ones that don’t have fast-dwindling user bases, and that it stands to gain additional revenue from those users via marketing or potential commercial services made available to BBM in the future. But the real reason to open up BBM is to put some shine on the apple at this stage of the game; accomplishing the kind of growth needed to make BBM a sustainable business would be tough in the face of the Whats Apps, LiNEs, and Kiks of the world, but you can still inject a fair amount of value for a prospective buyer by offering something that is platform agnostic.
BBM currently has around 60 million users, which is nothing to sneeze at even if it trails other messaging platforms. BlackBerry is also experimenting with one-to-many broadcasting via BBM Channels, and the WSJ says it’s looking into building desktop apps as well. The report also states that a cross-platform BBM has been tested internally for as long as three years, which means this was definitely held back as a last resort until it was clear BlackBerry-only BBM wasn’t going to mount a return to positive growth.

FlyGossip Guy
THE SHADE IS REAL

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RHONJ stars were Indicted of Federal Fraud Charges, its looking like 50 years in prison

Well, Well, Well it looks like Teresa and Husband Juicy Joe have really hit a road block in their life. It saddens me to see this unfold on national tv, but I tell people all the time you can’t do a lot of bad things and then treat people like they don’t matter. Chile cause KARMA is a real BITCH and she come back around the same day if she have too. I hope you have your coffee mug because you are going to have to do some traveling with this HOT Peppermint Tea I am about to spill. Before I spill this Tea all over the place, is it me or is it everytime something hts the fan its from BRAVO. Chile if all of you good people know like I know you better run cause Bravo is going to be the death of a lot of people. I mean really…

 Teresa Giudice, 41, and her husband, Giuseppe “Joe” Giudice, 43, were accused of exaggerating their income while applying for loans before their TV show debuted in 2009 — then hiding how well they were doing in a bankruptcy filing after their first season aired.

Teresa Giudice poses outside of her New Jersey abode in 2011.

Teresa Giudice poses outside of her New Jersey abode in 2011.

The combustible couple, who live in Montville Township, were charged in a 39-count indictment with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud. Each faces up to 50 years in prison if convicted of all charges.
“Everyone has an obligation to tell the truth when dealing with the courts, paying their taxes and applying for loans or mortgages,” U.S. Attorney Paul Fishman said. “That’s reality.”

Exterior view of Teresa Giudice's home in New Jersey.

Exterior view of Teresa Giudice’s home in New Jersey.

Teresa Giudice, who is one of the five titular housewives whose lavish lifestyles and crass behavior are chronicled in a series now in its fifth season, released a statement through her lawyer soon after the news broke.
“Today is a most difficult day for our family,” she said. “I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me. I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career. As a result, I am hopeful that we will resolve this matter with the Government as quickly as possible.”
There was no immediate comment from Bravo about the plight of the Jersey girl and the couple’s lawyers — each has their own — did not return phone calls for comment.

Teresa and Joe Giudice pictured leaving the Federal Court House in Newark following a bankruptcy hearing in 2010.

Teresa and Joe Giudice pictured leaving the Federal Court House in Newark following a bankruptcy hearing in 2010.

But expect cameras aplenty when the Giudice’s appear inb federal court in Newark Tuesday to face the music.
According to the indictment, they submitted fraudulent mortgage and other loan applications from 2001 through 2008, a year before their show made its debut on Bravo.

Teresa Giudice has not been shy about her preference for living a lavish lifestyle.

Teresa Giudice has not been shy about her preference for living a lavish lifestyle.

“The indictment returned today alleges the Giudices lied to the bankruptcy court, to the IRS and to a number of banks,” Fishman said.
Joe Giudice failed to file tax returns for the years 2004 through 2008, when he is alleged to have earned nearly $1 million.
And when his wife filed for a mortgage loan of $121,000 in 2001, she falsely claimed she worked as an executive assistant, submitted fake W-2 forms and fake paystubs as part of the ruse, the indictment said.
In their October 2009 petition for bankruptcy protection, the couple concealed businesses they owned, rental income they received, and Teresa Giudice’s true income from the “Real Housewives,” the indictment states.
Teresa Giudice’s troubles aren’t likely to cause any of her caustic castmates to shed any tears.
Manipulative and loud, she has become the villain of the quintet — a group that included at one point sisters Dina and Caroline Manzo, whose father-in-law, Albert (Tiny) Manzo was executed mob style in August 1983.

Well Teresa and Juicy Joe I really hope the both of you get it together, because those girls really need their parents. I bet that Melissa  and Joe is shaking in their bones because I heard through grapevine that they were not squeaky clean either.

FlyGossip Guy
THE SHADE IS REAL

 
 
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