Friday, October 12, 2012

Shutterstock IPO

On 11 Oct 2012, Shutterstock is officially a public company traded at the New York stock exchange.

Here is its stock price performance on its debut.

Its share price jumped 27% on its debut, comparing with Facebook's dismal debut and the subsequent crash, Shutterstock did much better.

As a contributor to Shutterstock, I am not sure whether having Shutterstock traded at NYSE is a good thing or a bad thing.  Once it became a public company, then it has to show those quarterly financial reports, and must deliver returns to the investors, whoever they are.  They will have to care more for share holders interest, rather than the contributors' interest.  Does it also mean they will be more stingy when it comes to pay out to contributors as well?  I can't tell the future, but everything is possible.

And as a contributor, nobody is getting any benefit from this IPO, we are not getting any shares in return.

Anyway, let's hope Shutterstock can continue to do well in this industry, where we had seen many going down hill.  Hopefully as a contributor, we can gain something too.

Monday, October 1, 2012

JB KSL City Food Fashion Show

There was a very interesting fashion show at KSL City over the causeway at Johor Bahru last Sunday.  What is so interesting?  The costumes are made of food.  Not really all by food, of course, just with food decoration.  From different type of breads, to cup cakes, to tarts.  That's not all.  The audiences could actually pluck the food, those cup cakes, tarts, etc, from the model's costumes and eat them!  This is actually encouraged by the organizer as a form of interaction between the models and the audiences.  If you are having the dirty thought of whether the model was still wearing anything after the food had been eaten, you would be disappointed :P

Anyway, here is a short video of the show.  Enjoy :)