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Category Archives: Finance

Yahoo buys Tumblr for $1.1 Billion

Posted on May 19, 2013 by Scream •

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Looks like the deal that has been talked about all weekend is finally going through. Yahoo’s financial board has approved the $1.1 billion acquisition of Tumblr which will officially be announced on Monday. Yahoo was really the only company going after the blogging platform and still offered such a large amount. Tumblr CEO David Karp will stay at Yahoo for four more years and make sure everything flows the right way. Click HERE for the full story.

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Filed Under: Business, Finance, Social Media, Technology

40 Glocc suing The Game over Fight for $4.5 Million

Posted on March 11, 2013 by Scream •

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Sounds like 40 Glocc is pretty upset about what resulted from the fight that him and The Game had a while back and is coming after his money. Supposedly the YouTube video of the fight that went viral lost him some potential earnings and caused pain & suffering. Here’s the breakdown of what 40 Glocc is asking for. Wonder how far this case will go, if anywhere.

– $500,000 in pain and suffering
– $500,000 in emotional distress
– $750,000 in lost earnings
– $2 million for punitive damages
– $25,000 in medical expenses
– Various other stuff

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Filed Under: Finance, Music

Infographic: 50 Cent over the last 10 Years

Posted on February 6, 2013 by Scream •

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It’s crazy to think what 50 Cent has done in the past 10 years. His album “Get Rich or Die Trying” was an instant success and can be put up there with all the classic hip-hop albums. The Vitamin Water deal also helped 50 Cent as he now has a net worth of $250 million. Click on the image and zoom in on the numbers listed above, you’ll be blown away. His social media presence is out of this world too!

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Filed Under: Finance, Music

Facebook stock back at IPO Levels

Posted on January 9, 2013 by Scream •

It’s been a rough Summer and Fall for Facebook on the stock market, but today it finally closed above $30, which is the same level the company IPO’d at. This might be because of Facebook’s announcement of a “Mystery Press Event” coming soon. Click HERE for more info.

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Filed Under: Business, Finance

Fat Joe admits Tax Evasion ($3 Million)

Posted on December 20, 2012 by Scream •

Why are rappers so bad with their money? Another day another rapper with tax problems, at least this time he admitted it. Fat Joe pleased guilty to failing to pay taxes on nearly $3 million in income he earned for performances and music royalties. Click HERE for more info.

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Filed Under: Finance, Music

Instagram will be using YOU as an Advertiser… Without Paying

Posted on December 17, 2012 by Scream •

Looks like all these cool apps we have on our phone are really getting greedy. Now that Facebook has acquired Instagram, they’re planning on using what you do on the app for ad revenue, without paying you. Here are the new guidelines pretty much stating that anything you do on Instagram can be used to generate ad revenue without stating which content is being used. Click HERE for more info.

1. Some or all of the Service may be supported by advertising revenue. To help us deliver interesting paid or sponsored content or promotions, you agree that a business or other entity may pay us to display your username, likeness, photos (along with any associated metadata), and/or actions you take, in connection with paid or sponsored content or promotions, without any compensation to you. If you are under the age of eighteen (18), or under any other applicable age of majority, you represent that at least one of your parents or legal guardians has also agreed to this provision (and the use of your name, likeness, username, and/or photos (along with any associated metadata)) on your behalf.

2. You acknowledge that we may not always identify paid services, sponsored content, or commercial communications as such.

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Lil’ Wayne pays $7 Million in Back Taxes

Posted on December 17, 2012 by Scream •

We always hear reports of how much money rappers owe in back taxes, but rarely do we hear about them paying up. That’s not the case with Lil’ Wayne. Hit recently dipped into his bank account and paid up $7.7 million in back taxes stemming all the way back from 2002. Good to see him taking responsibility and paying what he owes. Tunechi! Click HERE for more info.

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Filed Under: Finance, Music

Mark Zuckerberg made $3.5 Billion in November

Posted on December 2, 2012 by Scream •

“Rich isn’t what you have, it’s who you have beside you”, but this is just ridiculous so we had to report. Mark Zuckerberg made some serious money last month since Facebook’s stock did much better than before. Here’s the official statement…

“Facebook‘s stock shot up from $21.08 a share on the first day of trading in November to $28 a share at the end of the day Friday, its highest price since July. Zuckerberg, who owns about 504 million shares of Facebook stock, gained about $3.48 billion as a result.”_ SOURCE 

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Filed Under: Business, Finance, Technology

Lil’ Wayne loses major Law Suit

Posted on November 5, 2012 by Scream •

Lil’ Wayne sued Quincy Jones III for using the songs “A Milli” and “Lollipop” without permission in his documentary “The Carter”. Well Wayne lost that lawsuit after the judge saw his deposition tape also lost the counter suit Quincy Jones III filed stating that Lil’ Wayne ruined the potential success of the documentary by speaking out against it. The judge ordered Lil’ Wayne to pay Quincy Jones III $2,195,000. For more info click HERE.

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Filed Under: Finance, Music, News

Nike sells Umbro affiliate to Iconix Brand Group for $225 Million

Posted on October 24, 2012 by Scream •

A big brand transaction went down today. Nike has officially announced that they reached an agreement to sell affiliate Umbro to Iconix Brand Group, Inc. for $225 million USD with the deal expected to be complete by the end of 2012. Click HERE for more info.

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Filed Under: Business, Finance, Sports
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