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December 18, 2006

Google Finance Still Full of Bugs - Reports Focus Media Executives Go to Jail

posted by MR WAVETHEORY at 12/18/2006 10:02:00 PM
Today, I typed in "FMCN" which is the ticker symbol for Focus Media Holding Limited (ADR) (Nasdaq FMCN) into Google Finance (Nasdaq GOOG), and found a shocking article entitled "Former Focus Media Execs Get Jail Time." Why would the Chinese executives of Focus Media be sent to jail after having created one of the most successful outdoor advertising platforms in China?

So, when I clicked on the Adweek news article, I learned that Adweek had written about a different Focus Media - based in the US and having nothing to do with the Nasdaq listed company.

Tom Rubin, the former chairman and CEO of Focus Media, was sentenced Wednesday to five-and-a-half years in federal prison for stealing up to $40 million from Sears and Universal Studios' ad accounts.

Tom Rubin, former CEO? Stole $40 million? Apparently, Google mixed up the US-based Focus Media with the Nasdaq listed Focus Media. It goes to show that Google has yet to work out all the bugs in Google Finance. Maybe that is why Google Finance has yet to graduate from beta.

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