Roundup: We played with the worst apps in the world, so you don’t have to

Roundup: We played with the worst apps in the world, so you don't have to

There are now over 1,300,000 apps on the iOS App Store; the Google Play Store is home to around the same number of Android apps right now. What we're trying to say is - there are a lot of apps out there, and unsurprisingly, a lot of them are crap.


We're sure you've stumbled on some stinkers yourself, but we hope you've not come across any as bad of these. You see, at TechRadar, we're making it our mission to scour the underbelly of both app stores to find the truly terrible, the truly disgusting, and the truly WTF, all in the name of technology.


Each week we'll be nominating an app that deserves the crown of "worst of the worst", with an aim to complete a list of the ten truly most terrible apps we've ever seen.


So let us begin our dangerous journey through the bowels of humanity's ideas. It's a dirty job, but someone's got to do it.


1. Pet Baby


iOS

Price: Free


Here's how I imagine the meeting at Trashicon HQ happened the day the idea for Pet Baby was born.


"Hey guys, people like sharing pictures of their pets. I think I've spotted what they call a 'market opportunity'."


"You sure have, Jerry. But our app budget is focused on babies right now. Babies are funny, remember?!"


"But wait, why don't we combine the two?"


*The room falls deadly silent. A single bead of sweat runs down Jerry's forehead. He's eyeing up his desk across the room, mentally packing up his belongings*


"Careful Jerry, that's the sort of thinking that'll get you a… PROMOTION."


*Everyone claps*


PetBaby


And thus, Pet Baby was born. An app that asks the question that's been on the collective lips of humanity since the dawn of man: "What would your pet look like… as a human baby?" Given that most babies look the same, the answer is probably 'just like every other baby ever', right?


WRONG. Your pet baby is a mutant child that will devour your soul.


You see, rather than making any effort whatsoever to morph your dog's face into some sort of funny canine-baby mashup, the app lazily hacks the two together with an opacity tool to create what can only be described as a pure evil.


But does the fun stop there? Oh no. No, once your rabid demon child has ben conceived, you can expose your friends and family to the horror via Facebook and Twitter.


Just look at some of the beauties we came up with:


PetBaby


PetBaby


And God forbid the app ever does produce anything looking mildly sentient, you can expect something like the following:


PetBaby


This app had zero reviews at the time of publishing.

















Reuters News: SoftBank estimates $4.6 billion gain from Alibaba listing



TOKYO (Reuters) - Japan's SoftBank Corp said it expected a gain of about 500 billion yen ($4.6 billion) from Alibaba Group Holding's share listing in New York, where the Chinese e-commerce leader surged 38 percent on its first day of trade.



SoftBank CEO Masayoshi Son also told CNBC that he would want to own more of Alibaba, although he reiterated that the Japanese mobile carrier and Internet media company was happy with the current 32 percent stake, which made it the Chinese company's biggest shareholder.



Asked if he would like more of Alibaba, Son told CNBC on Friday: "Of course."



Pressed on the likelihood of buying more shares, Son added: "Anything is possible but we are happy the way it is."



He said SoftBank considered Alibaba a core holding and he was upbeat about the Chinese company's future.



"My point of view is that this is the true beginning of Alibaba," he said. "I'm very, very optimistic."



SoftBank said in a statement on Saturday that it would book the estimated 500 billion yen gain in the half-year to end-September and would announce a precise figure at a later time. The gain was recorded to reflect Alibaba's increased asset value with the issuance of new shares and the conversion of preference shares to common stock in conjunction with the listing.



The Chinese e-commerce leader's shares surged in their Friday debut on the New York Stock Exchange as investors jumped at what is likely to rank as the largest IPO in history, betting on Chinese growth and a company that accounts for 80 percent of that country's online sales.



(Reporting by Yuka Obayashi, Teppei Kasai and Yoshiyasu Shida; Writing by Edmund Klamann; Editing by Simon Cameron-Moore)



Breaking News: Mom tries to Facebook-shame daughter, gets pizza on face


This is Crescent Bay, the newest version of Oculus Rift

This is Crescent Bay, the newest version of Oculus Rift

Oculus has unveiled the latest edition of its Rift VR headgear, called Crescent Bay.


The new Oculus Rift prototype, revealed during the Oculus Connect 2014 developer conference, is loaded with improvements.


Chief among them is integrated audio, a first for Rift. With headphones attached to the headset as opposed to requiring a separate peripheral, Oculus is moving one step closer to creating a complete-package VR experience ready for consumers.


Crescent Bay also features 360-degre head tracking and expanded positional tracking. It's fitted with new display technology and is lighter and more ergonomic than any previous version.


Oculus Rift Crescent Bay


Oculus claims Crescent Bay makes for "a level of presence" unachievable with DK2. The device certainly has a more edited look, and the enhancement of sound and improvements to positional tracking should help users get lost in a 3D world.


To help demonstrate Crescent Bay's prowess, the Oculus content team developed original demos to show where VR is going in gaming, film and other mediums. Notice how Oculus isn't concerned with only gaming?

















Reuters News: Facebook's Oculus unveils new virtual reality prototype device



LOS ANGELES (Reuters) - Facebook Inc's Oculus VR unit announced an upgraded prototype of its virtual reality headset that has higher resolution and built-in audio, but the company said it is not ready to sell a device to consumers.



The new Crescent Bay device also is lighter than the most recent prototype of the Oculus Rift headset the company has made available to developers, Chief Executive Brendan Iribe said on Saturday at an Oculus developers conference in Hollywood.



"This is not the consumer product," Iribe said. But he added that "it is much, much closer."



Facebook, the world's largest social network, acquired two-year-old Oculus in July for $2 billion, making a bet that the untested technology will emerge as a new social and communications platform.



The Oculus Rift goggles create a 360-degree view that immerses players in fantasy settings. Users mount the device on their heads with a strap.



(Reporting by Lisa Richwine; Editing by Dan Grebler)



Breaking News: Mom tries to Facebook-shame daughter, gets pizza on face


Screw Apple Pay: Samsung to team with PayPal for its watch payment plans?

Screw Apple Pay: Samsung to team with PayPal for its watch payment plans?

eBay owned PayPal was curiously left out of the impressive lineup of banking heavyweights during the Apple Pay launch last week, but a new report claims that may be because the payment giant is putting all of its eggs in Samsung's basket instead.


Business Korea has word that Samsung plans to follow Apple down the smartwatch payment hole, and is said to be teaming up with one of the leading mobile payment services around to accomplish that goal.


According to an unnamed "high-ranking official" at Samsung, one of the manufacturer's third-generation smartwatch devices will offer "simple payment functions" powered by PayPal, and protected by some form of "fingerprint identification technology."


Ironically, PayPal - which publicly dissed Apple Pay only last week - isn't even available in Samsung's native country of South Korea. That's not stopping this the smartwatch-based service, however, as it's expected to debut in 25 other countries, eventually expanding to more than 50 around the globe.


Payment watch


Samsung is reportedly eyeing early 2015 for the launch of its payment-based smartwatch, presumably using the annual Mobile World Congress event as a springboard for doing so.


Perhaps not-so coincidentally, early next year is also the same time-frame Cupertino has already staked out for its own Apple Watch, which will be capable of making contact-less payments even when not connected to a compatible iPhone.


Biometric expert Synaptics will reportedly provide fingerprint verification technology for Samsung's future smartwatch, part of the company's Fast Identity Online Alliance which also includes PayPal, Bank of America, Visa and Google among its ranks.


Synaptics Chief Executive Officer Richard Bergman confirmed, "wearable devices with fingerprint verification and relevant solutions will be released early next year," suggesting Samsung and Apple won't be alone in duking it out for wearable payment domination.



  • Find out if Apple truly goes big in our review of iPhone 6 Plus!


Reuters News: Exclusive: France's Iliad sets mid-Oct deadline for T-Mobile US bid - sources



Exclusive: France's Iliad sets mid-Oct deadline for T-Mobile US bid - sources




LONDON/FRANKFURT Fri Sep 19, 2014 4:47pm EDT








The logo of French low-cost telecoms provider Iliad is pictured during the company 2013 annual results presentation in Paris March 10, 2014. REUTERS/Jacky Naegelen



The logo of French low-cost telecoms provider Iliad is pictured during the company 2013 annual results presentation in Paris March 10, 2014.


Credit: Reuters/Jacky Naegelen


















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LONDON/FRANKFURT (Reuters) - French low-cost telecom operator Iliad has set a mid-October deadline to decide whether to improve its bid for T-Mobile US or walk away as it faces resistance from seller Deutsche Telekom, several people familiar with the situation said.



Deutsche Telekom, which owns 66 percent of the fourth-largest U.S. carrier, has doubts that Iliad will be able to improve the U.S. business since the French startup has no track record in the country, a source close to the German company's management said.



Under the deal structure proposed by Iliad, Deutsche Telekom would have to keep a stake in the combined company.



Iliad is currently in talks with several U.S. banks to help it finance a possible improved bid for T-Mobile US alongside existing lenders HSBC and BNP Paribas, the people familiar with the situation said, after a $33 per share offer for 56.6 percent of T-Mobile US was rejected by Deutsche Telekom.



Chief Financial Officer Thomas Reynaud said Iliad's key leverage ratio would not surpass 4.5 times net debt to earnings before interest, tax, depreciation and amortization (EBITDA). He also said that Iliad would limit any capital increase to fund the T-Mobile bid to 2 billion euros ($2.57 billion).



Iliad is also seeking to team up with private equity funds including KKR to raise about $5-6.5 billion, the sources, who could not be named because the talks are private, said.



T-Mobile US, Iliad and KKR declined to comment. Deutsche Telekom could not be reached immediately for comment.



Iliad's management team has now finished road shows to meet U.S. investors and is waiting to hear back from potential investors, the sources said.



Depending on how positive the feedback is from private equity investors, the French firm could be able to table an improved bid in the second week of October, two of the sources said.



Iliad could offer between $35 and $40 per share for a stake in T-Mobile of between 60 percent and 90 percent, depending on the appetite of private equity funds and lenders for the deal, two other sources said.



But Iliad, whose shares have fallen around 25 percent since it embarked on a bid for T-Mobile in late July, cannot afford a lengthy pursuit of T-Mobile if Deutsche Telekom is not willing to engage.



POSSIBLE CONSTRAINTS



In a note this week after it hosted a dinner with T-Mobile US's investor relations team, brokerage firm Jefferies said criteria for potential partners included a spectrum line in the United States and a U.S. customers base, on top of favorable financial terms.



Such a constraint would rule out Iliad as an acquirer, although this could also be part of Deutsche Telekom's tactics to get a better deal from Iliad, said some of the sources who are close to Iliad.



Deutsche Telekom would still prefer to exit the U.S market but is under no pressure to sell T-Mobile US at the moment or to start negotiations with Iliad, said the source close the German company's management, who did not rule out that Deutsche Telekom might still be active in the United States in two to three years.



Deutsche Telekom expressed scepticism last month about estimates by Iliad's boss Xavier Niel that the merger would result in $10 billion in benefits from cost cuts.



That pledge has also been met with scepticism by some analysts who say T-Mobile is already run in quite a lean manner.



Earlier this month, Iliad's Reynaud said the French group had not yet won access to a so-called "data room", which is usually set up to give bidders access to information that is not public about a company it wants to buy.



Even without access to detailed information on T-Mobile, Iliad believes it can generate $2 billion in savings per year, or 7 percent of T-Mobile's estimated cost base, by running the operator in a more cost efficient way.



Deutsche Telekom, which makes about a third of its sales and a fifth of core profits in the United States, has tried to sell T-Mobile twice since late 2011 because it sees it as too small to compete with market leaders Verizon Communications Inc and AT&T.



The German company spent about a year negotiating with Sprint Corp., the third-place U.S. mobile carrier, over a potential sale, only to see it withdraw in early August over worries U.S. regulators would bar the deal on competition grounds.



(Additional reporting by Pamela Barbaglia, Freya Berry in London, Leila Abboud in Paris and Harro Ten Wolde in Frankfurt and Liana Baker and Marina Lopes in New York)




FILED UNDER:
































Breaking News: Netflix's Hastings makes the case for Net neutrality


Industry voice: The dangers of mobility: how to provide a secure platform for work collaboration

Industry voice: The dangers of mobility: how to provide a secure platform for work collaboration

The advent of mobility is radically affecting the way organisations conduct business. Financial services, healthcare organisations, pharmaceutical companies, education institutions, publishing houses, government agencies and others, are all embracing enterprise mobility.


But while mobility can bring tremendous benefits, it also presents significant challenges for the IT department. To name a few:


1. How can enterprise IT provide a secure method to enable anytime, anywhere access to content on the organisation's servers, NAS or SharePoint and the individual's desktop laptop content across all their devices (laptop, desktop, smartphone, and tablet)?


2. How do organisations deliver a secure solution that allows users to share content with internal and external constituents across their desktop, laptop, tablet or smartphone?


3. Can the IT department offer a viable alternative to users to access, sync and share their corporate content over insecure and unauthorised cloud services such as Dropbox?


4. How do organisations ensure IT has visibility into access, sync and share activities for auditing purposes?


5. Is IT deploying a Mobile Device Management (MDM) solution that meets the secure content access needs of enterprises?


Giving employees what they want


Enterprise IT has to maintain control over security and compliance but it also has to serve employees seeking to access, sync and share corporate content across any and all of their devices. They want:


To securely access, edit and create content – residing on file servers, NAS or SharePoint, on their mobile devices.


Anytime, anywhere access to their individual content regardless of the device – phone, tablet, desktop/laptop, whichever they choose to use.


To share business content securely with colleagues, customers, partners and other external constituents.


How IT departments should respond


To manage this new environment and maintain control, security and visibility, the IT department needs to set policies, properties, and permissions for individuals, groups and entire organisations. The organisation should also define what resources can be accessed, "who can do what with whom" securely based on their business needs, and ensure it has everything on record for auditing purposes.


To guarantee more effective corporate control, the IT department should look for:


• Integration with Active Directory for seamless authentication, provisioning, user management and resource allocation.


• Enterprise class logging and tracking to give IT the visibility to track all activities, in all details, all the time, what documents are accessed, who are they share with.


• Integration with key Mobile Device Management vendors, such as Absolute, Citrix Worx, Good Technology and MobileIron.


• The ability to securely create and edit Office documents and annotate PDFs within the app itself. Documents should never leave the secure sandbox, eliminating the risk of data leakage.


• Seamless integration with Enterprise level Reverse Proxies, including credential and certificate authentication.


• Maximum data protection and confidentiality via secure end-to-end encryption (over-the-air and on-device).


• The challenges presented by mobility should not be allowed to act as a barrier to the many advantages it delivers. IT can take back control and give employees the access they crave by implementing the appropriate access, sync and share solutions that meet their requirements.


Organisations that square the circle of providing greater flexibility for employees through a mobile strategy that also delivers more effective control, security and compliance will be well positioned to realise significant productivity gains.



  • Anders Lofgren is Acronis' Director of Mobility Solutions.


Reuters News: Alibaba surges 38 percent on massive demand in market debut



Alibaba surges 38 percent on massive demand in market debut




NEW YORK Fri Sep 19, 2014 8:30pm EDT















1 of 17. Alibaba Group Holding Ltd founder Jack Ma (C) rings a ceremonial bell to start trading during his company's initial public offering (IPO) under the ticker 'BABA' at the New York Stock Exchange in New York September 19, 2014.


Credit: Reuters/Brendan McDermid















Related Topics

















NEW YORK (Reuters) - Alibaba Group Holding Ltd's (BABA.N) shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.



It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 percent of online sales in China.



About 100 people gathered outside the New York Stock Exchange at Wall and Broad Streets, many of them Chinese tourists with cameras, and they cheered and snapped photos when Ma exited the building with the kung fu star Jet Li.



The stock opened at $92.70 shortly before noon ET and quickly rose to a high of $99.70, before paring gains to close at $93.89. Some 271 million shares changed hands, more than double the turnover on Twitter Inc's (TWTR.N) first day last year, although still short of volume for the General Motors Co (GM.N) and Facebook Inc (FB.O) IPOs.



"This is the most anticipated event I’ve ever seen in my 20-year career on the floor of the NYSE," said Mark Otto, partner with J. Streicher & Co, who trades on the NYSE floor. "I think today’s move is sustainable: The company is profitable, unlike some of its competitors, and it is a way for traders to tap into the Chinese growth story."



The pricing of the IPO on Thursday initially raised $21.8 billion for Alibaba. Scott Cutler, head of the New York Stock Exchange's global listing business, told CNBC that underwriters would exercise their option for an additional 48 million shares, to bring the IPO's size to about $25 billion, making it the largest initial public offering in history.



But a source close to the matter said the underwriters would make a final decision on whether to exercise the option over the next week or two, based on how the shares trade over the next few sessions.



Alibaba is nearly unknown to most Americans but is ubiquitous in China. The company, which operates China's largest Internet shopping destination, Taobao, and retail site Tmall.com, earned $3.7 billion in the 12 months ended March 31, 2014, up about $2 billion from the prior 12-month period.



At its closing share price on Friday, Alibaba has a market value of $231 billion, exceeding the combined market capitalizations of Amazon (AMZN.O) and eBay (EBAY.O), the two leading U.S. e-commerce companies.



Alibaba is valued at 39 times its estimated earnings per share for its current fiscal year, which ends in March. That is right in line with Facebook's (FB.O) valuation of 39 times forward earnings but nowhere near the lofty valuation of Amazon.com's (AMZN.O) multiple of 264, according to Thomson Reuters Starmine data.



TRYING TO CHART THE STOCK'S FUTURE



The future path of Alibaba's shares is truly uncharted territory.



"It's very difficult to predict," said Stephen Massocca, managing director at Wedbush Equity Management LLC in San Francisco. "Is it going to trade based upon its true fundamental value, or is it going to become one of these cult stocks a la Tesla or Solar City, or some of these names where there really isn't a fundamental grounding to the valuation?



"And it's very difficult to see what bucket these guys are going to fall into," Massocca added. "My guess is there's a very high likelihood it does fall into this bucket, which would lead you to believe it does trade higher. But if you were to base it on a fundamental valuation, I would call it slightly overvalued at this price."



Morningstar analyst RJ Hottovy said that while he expected Alibaba to further grow revenues, it was entering an aggressive new investment stage that would likely pinch margins over the next couple of quarters.



Ma, a former English teacher who is now the company's executive chairman, boasts a personal fortune of more than $14 billion on paper, vaulting him into the ranks of such tech billionaires as Bill Gates and Jeff Bezos. The deal is also expected to make millionaires out of a substantial chunk of Alibaba's managers, software engineers and other staff.



The rise in the stock exceeds the average gain by new IPOs on U.S. exchanges of late. In the second quarter, the average first-day gain was 9.2 percent, according to Renaissance Capital IPO Intelligence. Underwriters usually aim for a gain of 10 percent to 15 percent on the first day.



Twitter last year saw its shares surge 73 percent on their first trading day



Demand was intense among retail investors. J.J. Kinahan, chief market strategist at retail brokerage TD Ameritrade Holding Corp (AMTD.N), said the company received customer orders amounting to about 70 percent of what it saw for Facebook and about three times the customer orders it had for Twitter's IPO.



Assuming underwriters elect to sell additional shares, the company's initial public offering will become the largest in history, surpassing listings by Agricultural Bank of China Ltd's (601288.SS) in 2010 and by ICBC (601398.SS), another Chinese lender, in 2006.



WHAT HAPPENED IN HONG KONG



Alibaba Group's orange banners were festooned around the exchange, with its logo on NYSE computer screens. Ma watched several long-time cust







Breaking News: Mom tries to Facebook-shame daughter, gets pizza on face


IN DEPTH: See the massive iPhone 6 Plus line in a Hyperlapse video

IN DEPTH: See the massive iPhone 6 Plus line in a Hyperlapse video

The iPhone 6 launch is underway with customers forming long lines at Apple Stores around the world, most notably in New York City, where we caught up with fans waiting as many as 19 days.


"We were actually the first in line, but these guys came after us and bought our spots," said Staten Island resistant Joseph Cruz. "They paid us each $1,250 (about £757, AU$1,395) just to shift down to three and four."


Cruz, his cousin Brian Ceballo and just about everyone else we talked to are betting the popular iPhone 6 Plus will be in stock when the Apple Store in Manhattan opens its door at 8 a.m.


YouTube : https://www.youtube.com/watch?v=js6nlA2dyUU

They're really attracted to the big screen. "You can do so much more with it. Instead of having a little phone trying to look at videos, you can actually have a mini tablet," Ceballo told TechRadar.


iPhone 6 Plus is the big, big want


Not everyone may be lucky, as the 5.5-inch phone was in short supply. In fact, from all of the Apple diehards we talked to, almost everyone was itching for the phablet. It's this year's gold iPhone 5S.


"It's a bigger phone," said East Harlem's Balde Agdnelaze "If you have it, you don't need an iPad. It's just an iPad replacement."


iPhone 6 Plus lines in stock


Not only does iPhone 6 Plus have a larger screen next to the 4.7-inch iPhone 6 display, it has a higher resolution, larger battery life and an 8-megapixel camera with an optical image stabilization.


You can find out more about the iPhone 6 vs the iPhone 6 Plus in our in-depth comparison coverage.


Lines twice as long in California


Sitting outside the landmark Apple Store in Santa Monica, we found the iPhone 6 launch line to be twice as long as last year when the iPhone 5S came out.


That's despite the fact that Apple took pre-orders a week in advance, something that wasn't done in 2013. iPhone 6 and 6 Plus are thinner, but the lines certainly aren't.


iPhone 6 launch Santa Monica Apple Store


This year's #1 spot in Santa Monica was claimed by vlogger iJustine who, along with sister and friends, waited in line for two days. It paid off. She claimed her 128GB iPhone 6 Plus in the store.


iPhone 6 hopefuls further back that we talked to had flown in from as far as Hong Kong, Brazil and Belize, where the Apple smartphone can cost as much as three times as much in their home countries.


To them, camping in line is a better alternative to ordering it from Apple's online store. It's three to four weeks out from shipping if you order it today.


YouTube : https://www.youtube.com/watch?v=cFjO-uGRjlM

Be sure to check out everything you need to know about iOS 8 for all the new software features.

















Reuters News: Alibaba surges 38 percent on massive demand in market debut



Alibaba surges 38 percent on massive demand in market debut




NEW YORK Fri Sep 19, 2014 8:30pm EDT















1 of 17. Alibaba Group Holding Ltd founder Jack Ma (C) rings a ceremonial bell to start trading during his company's initial public offering (IPO) under the ticker 'BABA' at the New York Stock Exchange in New York September 19, 2014.


Credit: Reuters/Brendan McDermid















Related Topics

















NEW YORK (Reuters) - Alibaba Group Holding Ltd's (BABA.N) shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.



It was an auspicious debut for the Chinese e-commerce company, which was founded by Jack Ma in his apartment in 1999 and now accounts for 80 percent of online sales in China.



About 100 people gathered outside the New York Stock Exchange at Wall and Broad Streets, many of them Chinese tourists with cameras, and they cheered and snapped photos when Ma exited the building with the kung fu star Jet Li.



The stock opened at $92.70 shortly before noon ET and quickly rose to a high of $99.70, before paring gains to close at $93.89. Some 271 million shares changed hands, more than double the turnover on Twitter Inc's (TWTR.N) first day last year, although still short of volume for the General Motors Co (GM.N) and Facebook Inc (FB.O) IPOs.



"This is the most anticipated event I’ve ever seen in my 20-year career on the floor of the NYSE," said Mark Otto, partner with J. Streicher & Co, who trades on the NYSE floor. "I think today’s move is sustainable: The company is profitable, unlike some of its competitors, and it is a way for traders to tap into the Chinese growth story."



The pricing of the IPO on Thursday initially raised $21.8 billion for Alibaba. Scott Cutler, head of the New York Stock Exchange's global listing business, told CNBC that underwriters would exercise their option for an additional 48 million shares, to bring the IPO's size to about $25 billion, making it the largest initial public offering in history.



But a source close to the matter said the underwriters would make a final decision on whether to exercise the option over the next week or two, based on how the shares trade over the next few sessions.



Alibaba is nearly unknown to most Americans but is ubiquitous in China. The company, which operates China's largest Internet shopping destination, Taobao, and retail site Tmall.com, earned $3.7 billion in the 12 months ended March 31, 2014, up about $2 billion from the prior 12-month period.



At its closing share price on Friday, Alibaba has a market value of $231 billion, exceeding the combined market capitalizations of Amazon (AMZN.O) and eBay (EBAY.O), the two leading U.S. e-commerce companies.



Alibaba is valued at 39 times its estimated earnings per share for its current fiscal year, which ends in March. That is right in line with Facebook's (FB.O) valuation of 39 times forward earnings but nowhere near the lofty valuation of Amazon.com's (AMZN.O) multiple of 264, according to Thomson Reuters Starmine data.



TRYING TO CHART THE STOCK'S FUTURE



The future path of Alibaba's shares is truly uncharted territory.



"It's very difficult to predict," said Stephen Massocca, managing director at Wedbush Equity Management LLC in San Francisco. "Is it going to trade based upon its true fundamental value, or is it going to become one of these cult stocks a la Tesla or Solar City, or some of these names where there really isn't a fundamental grounding to the valuation?



"And it's very difficult to see what bucket these guys are going to fall into," Massocca added. "My guess is there's a very high likelihood it does fall into this bucket, which would lead you to believe it does trade higher. But if you were to base it on a fundamental valuation, I would call it slightly overvalued at this price."



Morningstar analyst RJ Hottovy said that while he expected Alibaba to further grow revenues, it was entering an aggressive new investment stage that would likely pinch margins over the next couple of quarters.



Ma, a former English teacher who is now the company's executive chairman, boasts a personal fortune of more than $14 billion on paper, vaulting him into the ranks of such tech billionaires as Bill Gates and Jeff Bezos. The deal is also expected to make millionaires out of a substantial chunk of Alibaba's managers, software engineers and other staff.



The rise in the stock exceeds the average gain by new IPOs on U.S. exchanges of late. In the second quarter, the average first-day gain was 9.2 percent, according to Renaissance Capital IPO Intelligence. Underwriters usually aim for a gain of 10 percent to 15 percent on the first day.



Twitter last year saw its shares surge 73 percent on their first trading day



Demand was intense among retail investors. J.J. Kinahan, chief market strategist at retail brokerage TD Ameritrade Holding Corp (AMTD.N), said the company received customer orders amounting to about 70 percent of what it saw for Facebook and about three times the customer orders it had for Twitter's IPO.



Assuming underwriters elect to sell additional shares, the company's initial public offering will become the largest in history, surpassing listings by Agricultural Bank of China Ltd's (601288.SS) in 2010 and by ICBC (601398.SS), another Chinese lender, in 2006.



WHAT HAPPENED IN HONG KONG



Alibaba Group's orange banners were festooned around the exchange, with its logo on NYSE computer screens. Ma watched several long-time customers ring the o







Breaking News: Mom tries to Facebook-shame daughter, gets pizza on face