CASHING IN ON FACEBOOK
A bevy of newly minted billionaires and millionaires are expected to emerge since Facebook’s IPO filing. It is a given that the 1,000 workers at FB are all to become instant millionaires and those that were instrumental in the creation of FB are already billionaires (Zuckerberg, Moskovitz, Parker, Saverin…). However Bono of U2 via his VC firm, Elevation Partners, bought 1% of Facebook in 2009 for $90 million, according to The Telegraph. And, if “Facebook is eventually valued at $100 billion… that will make Bono’s one per cent worth a cool billion.” Although the best story so far is California graffiti artist David Choe who forfeited immediate payment of a […]
GIANTS WIN, SO DOES WALL STREET…
Apparently that may be the case except perhaps if they beat the Patriots because in 2008 the indicator didn’t actually hold up and the S&P fell 38.49% and the financial crisis happened. In addition to range of stock market indicators that includes the length of a skirt, there is the Super Bowl Stock Market Indicator — defined as an indicator based on the belief that a Super Bowl win for a team from the old AFL (AFC division) foretells a decline in the stock market for the coming year, and that a win for a team from the old NFL (NFC division) means the stock market will be up for […]