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May 18, 2012

Marketplace for Friday, May 18, 2012

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So what happened in the first day of trading of Facebook's stocks? We cover the details in this week's Weekly Wrap. Meanwhile, Hewlett-Packard is laying off 30,000 of its employees, and Walmart shares are on the rise. Kai Ryssdal talks…

Segments From this episode

GM passes on Super Bowl advertising

May 18, 2012
General Motors recently announced it was going to stop advertising on Facebook, and now it's bowing out of doing an expensive ad during the Super Bowl next year.

Silicon Valley's new underground millionaires

May 18, 2012
Conspicuous consumption is so last tech boom. The new rich are all about meaning and making a difference and getting in on the ground floor of the next Facebook.

Walmart expands its bribery investigation

May 18, 2012
Walmart said it is looking beyond Mexico for possible bribery in its foreign operations. Will the widening probe affect Walmart’s business?

Nick Hanauer on the TED talk, income inequality controversy

May 18, 2012
The venture capitalist discusses his controversial TED talk, why income and inequality has become political and what happens next.

Hewlett-Packard reportedly will lay off 30,000

May 18, 2012
Hewlett-Packard reportedly will announce it is laying off nearly one out of every 10 employees, as Meg Whitman tries to transform one-time pioneer.
The entrance to the Hewlett-Packard headquarters in Palo Alto, Calif. Hewlett-Packard reportedly will announce it is laying off nearly one out of every 10 employees, as Meg Whitman tries to transform one-time pioneer.
Justin Sullivan/Getty Images

Obama to announce food initiative for world poor

May 18, 2012
President Obama has enlisted the help of 45 private sector companies in a $3 billion food security drive to fight hunger and poverty in Africa. But not everyone is onboard.

Weekly Wrap: What happened to Facebook's stock?

May 18, 2012
Reviewing this week's headlines on Wall Street and beyond. This week: The first day of trading for the highly anticipated Facebook stock.

Letters: Brogrammers and older workers

May 18, 2012
Going over listeners' responses to past broadcasts. This week: Defending the male work culture at tech companies, and wanting to know more about the older workers who are long-term unemployed.

So what happened in the first day of trading of Facebook’s stocks? We cover the details in this week’s Weekly Wrap. Meanwhile, Hewlett-Packard is laying off 30,000 of its employees, and Walmart shares are on the rise. Kai Ryssdal talks to millionaire venture capitalist Nick Hanauer about his TED talk on wealth inequality. And reporter Krissy Clark looks into whether private companies are well-suited to providing public aid.

Music from the episode