Gaming IPOs

Gaming IPOs

I normally do not write about consumer Internet stocks, but the recent news that Alibaba invested in Kabam ( a game-maker) at a valuation of $1 billion and that Machine Zone (a top-grossing game on the Apple App store) is apparently raising money at a rumored $3...

Did Nasdaq’s drop last week scare you?

Nasdaq’s 2.6 percent loss on Friday followed a nearly 1 percent slide on Thursday and put the index more than 5 percent below its closing high for the year, which was set on March 5.  If this caused you to freak out, I have two words for you:  greedy bastard. 😉 Were...

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