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Will Credit Crunch Help Or Hurt Tech Cos?

August 8th, 2007 at 1:34 am

Source:GigaOM
This just in - Hearst Corp. has snapped up Kaboodle for an undisclosed amount of money, the WSJ reports. Full report to follow.
Source:GigaOM
Stocks may be rebounding but the credit crunch isn’t finished. The mortgage market is hungover from a subprime binge. Senseless lending in odd investments like ninja loans have hurt banks. Hedge funds betting on complex, risky derivatives are closing up shop. And it’s only likely to get worse.

The fallout is hurting almost everyone, but […]

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