In The News:
Facebook World Domination…
On Tuesday, Facebook (FB) announced that it will purchase the virtual reality firm Oculus VR for $2 billion (400 million cash and 1.6 billion worth of Facebook stock) as part of the company’s quest for world domination. Oculus makes the Rife headset, which covers your eyes and immerses you in a virtual environment that responds to head movements. Facebook plans to help the company first develop an immersive gaming platform before expanding into other fields like education and live media. Oculus, according to Facebook, fits into the company’s long-term goals of “building the knowledge economy” and “connecting everyone.” Oculus will maintain its headquarters in Irvine, CA, and will continue to operate independently.
King Digital Entertainment PLC, the mobile – game maker, will test investor’s faith the company can continue to produce additive games like its hit “Candy Crush Saga” when it starts trading on Wednesday under the ticker KING. Priced at $22.50 a share the deal will raise $350 million for King and another $150 million for early investors such as private- equity groups. Candy Crush Saga has become a household name as it attracted more than 97 million daily active users last month. The game is a variation of match-three games with each level of the game board filled with different colored candies and obstacles.
In The Markets:
Asian shares closed mixed on Wednesday as investors still hold out hope the PBOC (People’s Bank of China) will cut the reserve requirement ratio (RRR) cut soon following Monday’s disappointing economic news.
European markets closed up on better-than-expected US consumer-confidence data.
US markets rallied on Tuesday closing higher despite a mixed bag of economic news. On Tuesday Consumer Confidence for March was announced reaching a six year high while home sales figures reached a five month low. DJIA: +91.19 16367.88 S&P: +8.18 1865.62 Nasdaq: +7.88 4234.27
In Dinner or Drink:
2 oz Malibu® coconut rum
2 oz grenadine syrup
pina colada mix
Combine ingredients with ice in a blender. Blend well, pour into a cocktail glass and serve.
If you do what you’ve always done, you’ll get what you’ve always gotten. – Tony Robbins