Shake Shack raised #x0024;105 million in its initial public offering Thursday, selling 5 million shares at #x0024;21 per share. It had initially forecast that its shares would fetch #x0024;14 to #x0024;16 per share from investors, and raised that prediction to #x0024;17 to #x0024;19 per share on Wednesday as demand grew. Shares of Shake Shack, a burger chain that started as a New York City hot dog cart, more than doubled in their first day of trading. Shake Shack is known for its burgers, milk
It’s all over for Rita Ora and Rob Kardashian . Describing the split as “really sad,” a source tells The Sun that the reality star and singer “really liked each other, but with him living in LA and her over in London, it was becoming impossible to maintain a relationship.” And if an anonymous quote isn’t enough confirmation for you, there’s this: Rob has unfollowed Rita on Twitter!!! The couple had been dating for over a year, but it never sounded like Ora received full approval for E!’s most famous family. In August, well aware of her brother’s status, Kim Kardashian Tweeted: “When out to dinner w my brother Rob Kardashian every gorgeous persian/armenian girl stares at Rob! I think that’s what he needs in his life!” Consider yourself lucky, Rita. You could have actually been a part of this publicity-generating nonsense. UPDATE : Rob has seemingly made the basis for their split clear, Tweeting this morning: “She cheated on me with nearly 20 dudes while we were together, I wonder how many she will sleep with now that we apart… How can a woman who is so busy trying to start her own career have time to be with so many dudes all while in a relationship?” Poor guy.
Safe to say November was a relatively good month for Facebook CEO Mark Zuckerberg. The social network’s stock shot up from $21.08 a share on the first day of trading to $28 a share this past Friday, reaching its highest price since July. Zuckerberg, who owns about 504 million shares of Facebook stock (give or take), saw his net worth increase $3.48 billion as a result. Not bad for 30 days’ work. Long story short, his critics can Zuck on that! Sorry. During Facebook’s botched IPO , of course, the 28-year-old Zuckerberg’s shares were worth a lot more – around $19.1 billion at the price of $38 per. In the following months, the stock plummeted to less than half that IPO price to $17.55 in late August, pushing Mark’s net worth down to $8.84 billion. Wah wah . Since then, however, Facebook stock has chipped away at some of those losses, regaining some traction and posting its best month to date in November. A strong earnings report in late October, which showed that Facebook was making progress in monetizing mobile traffic, was a major catalyst for the gains. As of Friday, Zuckerberg’s net worth was $14.1 billion and climbing. On the downside, Priscilla Chan is going to expect some REALLY nice holiday gifts now.
Looks like Serena will be keeping her day job after all Recently, a snippet of a rap song that she recorded leaked to the web with news that she had been working on tracks in a Miami studio. When asked about the song during a press conference earlier this week, she revealed that one of her triflin’ azz friends leaked the song and the next time she sees them, someone might be catching fade: “Well, I was in the studio with friends and I wanted to do something and so they said – do this and it was for me. The next thing I know — that was one or two years ago and then I read online that I was a rapper and so my backstabbing friends did that to me and so if I see them, I will act like a rapper — if you can get my drift.” Damn!!! Common and Drake should be happy to know their is one less emotional rapper in the world now. We’d be mad if we recorded a wack azz song and it got leaked too. At least, Serena knows it was a double fault and not an ace. Stick to tennis boo! Source
Cot-DAMN!! Facebook Founder Mark Zuckerberg To Make $20 Billion From IPO According to TMZ reports : Mark Zuckerberg just rang the NASDAQ bell … opening a trading day in which the 28-year-old is expected to make more than 20 BILLION DOLLARS. In case you haven’t heard, the Facebook stock officially begins trading today — the largest Internet IPO in history. Zuckerberg performed the bell-ringing via satellite … from the Facebook offices in Menlo Park, CA. Of course, he was wearing his signature hoodie and the kind of smile you’d have on your face if you were in his flip-flops. The stock price debuted at $38 dollars per share, quickly rose to $42, and then began leveling off. According to CNBC, 82 million shares were traded in the first 30 seconds. It’s not just Mark who’s set to rake in a fortune today — according to reports, more than 1,000 people will become overnight millionaires due to the initial public offering. It’s a damn good day to be a Facebook employee! Image via AP Hit TMZ to read more about Money Makin’ Mark’s big day
Yes, you read both parts of the above headline correctly. 50 Cent made a fortune from rapping, but that doesn’t mean he’s content to rest on his laurels and Tweet photos of himself with stacks of cash all day. Okay, well he does do that a fair amount But our point is that 50, a.k.a. Curtis Jackson, is proving quite the businessman in addition to entertainer. MAKIN’ BANK: Chelsea Handler must be attracted to more than his rap skills. 50 Cent recently Tweeted about a penny stock company he’s invested in … one that’s up 290 percent since he pitched the stock tip to 3.8 million followers. “You can double your money right now. Just get what you can afford,” 50 tweeted about a Florida company, H&H Imports. “They are no joke get in now.” He received 30 million shares of H&H in a private placement last October, buying portions of his stake at 15 cents, 25 cents and – no kidding – 50 cents. H&H closed up 29 cents the other day, boosting Jackson’s 30 million-share stake by $8.7 million . Might he have a second career as a financial advisor? This wasn’t his first foray into the investment world either. Earlier this month, Jackson also “personally endorsed” a line of mobile audio products that are made by another Florida company, Sleek Audio, H&H said. Jackson talked up the headphones when he appeared on TV last week from the Consumer Electronics Show in Las Vegas. We eagerly await that Tweet.
Photo: Wikipedia , CC Might Not Be Able to Afford a Tesla Electric Car, But You Can Buy a Share It’s official, Tesla Motors will have its initial public offering (IPO) on June 29th, 2010. The electric car maker is planning to sell 11.1 million shares between $14 and $16 per share, for a total of about $178 million. It has applied to list on the Nasdaq exchange under the symbol “TSLA.”… Read the full story on TreeHugger