Mouse House be rollin' in the green!!
With its fountain of magic constantly splashing the world with drops of greatness, the Walt Disney Co. has hit an all-time high in the stock department.
It's like going all the way to the top of Tower of Terror!!
Or as Reese Witherspoon and her family have experienced (above), the top of the crazy Splash Mountain hill!
Reaching an astounding $51.13 on Wednesday, the company has lifted shares 36% for 2012. This comes on the heels of last month's enormous 24% increase in its fiscal third-quarter profit.
With The Avengers leading
Tags: andrew garfield, disney, disneyland, emma stone, reese witherspoon, stephen moyer, stock, true blood
Maybe taking Facebook public wasn't the best idea after all.
Since the initial public offering, the price of the company's stock has dropped dramatically. What started out as $38 a share is now just $27.24 (as of right now) and the company's worth has dropped by at least $25 billion!
Since Mark Zuckerberg's fortune is dependent on the stock's performance on the market, his worth has decreased by $5 billion. In fact, he's actually been knocked off of Bloomberg's list of top 40 billionaires worldwide.
As of May 18, the young entrepreneur was worth
Tags: billionaire, bloomberg, company, facebook, ipo, mark zuckerberg, stock, stock market, worth
Facebook's stock has taken a dive since it's initial public offering and investors are pissed! Some are so pissed that they've filed a lawsuit against the social network, CEO Mark Zuckerberg, and the stock's underwriters at Morgan Stanley.
Three investors are accusing the defendants of withholding negative information about the IPO, as one lawyer working for the plaintiffs explains:
Tags: facebook, initial public offering, investors, ipo, lawsuit, mark zuckerberg, stock, the social network
Did U invest in Facebook when it hit the stock market on Friday?
If so, you're probably more than a little disappointed that the stock value immediately plunged by over 11%!
Stock in the social network debuted at $38-per-share, but is now at $33.64 (and fluctuating as we speak).
What a bummer!
This probably isn't the best news for Mark Zuckerberg to wake up to on the Monday after his surprise wedding over the weekend. Hopefully he doesn't let business bring his mood down from one of the most joyous occasions of his life.
[Image via WENN.]
Tags: business, facebook, mark zuckerberg, marriage, nasdaq, share, stock, stock market, wedding, weekend, wife
A New York judge tossed Howard Stern's lawsuit against SiriusXM Radio out of court last week, but the shock jock isn't backing down.
He has appealed the ruling and maintains the company screwed him out of "promised" stock awards after exceeding target subscribers.
Howard's team felt they were owed $300 million, but the judge said his contract's language “is inconsistent with any reading that the parties intended subscribers acquired by merger with XM to be considered” in awarding stock.
Lawyers for the infamous radio host
Tags: contract, dispute, howard stern, judge, lawsuit, radio, siriusxm, stock, subscribers
TWO BILLION DOLLARS IN TAXES?!?!?! WTF?!
When Facebook goes public, Mark Zuckerberg will be a billionaire, hands down.
But due to the fact that stock options are heavily taxed, the government will come down on Zuckerberg HARD!
Accountants state that
Tags: business, economy, facebook, government, ipo, mark zuckerberg, sell, stock, taxes
Netflix will reveal its fourth quarter results and one prognosticator thinks its going to be BAD!
After the debacle of the July 2011 "revamp," Netflix's costs have continued to rise as their profits decrease.
The company lost a whopping 67.8% percent of its value since
Tags: business, company, investors, money, netflix, shares, stock, stockholders
/ Comments Off