SeaWorld Entertainment, the business behind Shamu the killer whale, wants to make waves in the public market. The company says it will try for a $540 million initial public offering, in what would be among the largest offerings this year. SeaWorld plans to sell 20 million shares at between $24 and $27 apiece. Half the [...]
Facebook’s Mark Zuckerberg Now Worth $20 Billion
May 19, 2012 | Posted by
Based on the number of shares of Facebook stock he owned, company founder Mark Zuckerberg is now worth about $20.3 billion, according to calculations done by CNN.com. Zuckerberg owns 534 million shares of company stock, which opened at $42.05 on the first day of trading on Friday, rising to $45 at one point and then [...]
Jay-Z Launches New “Empire” Game on Facebook
May 17, 2012 | Posted by
Some unexpected news on the gaming front: Hip-Hop mogul Jay-Z has launched a beta of his own Facebook game called “Empire,” meant to emulate his own rise from the streets of Brooklyn. Outside of advertising, Facebook makes about 15 percent of its revenue from apps and games that run on the site. Zygna, the publisher [...]
Facebook’s Number One Product Is You
May 16, 2012 | Posted by
Facebook is quickly nearing its initial public offering at the end of the week, and investors are becoming more and more interested in the inner workings of the social media giant. With approximately 900 million users, Facebook holds one of the largest platforms for marketing in the world. The site’s ability to target ads at [...]
