Tuesday, April 14, 2009

INVESTMENT: The latest news

Cool Iris get 15 million ( I recently wrote about how I love the app and I see great things happening for them)

Social Cast $1 million, could turn out to be a dead donkey....but we shall see

E-toro Series b $6.3 million, its a game, a fun easy to use currency trading game, however you can do it for real and you can make money doing it.

This shows how excited the world is about MMO's and Virtual currency, this probably has a lot to do with the fact that the Asian market is worth billions.

Today Chinese online gaming company Changyou opened trading on the NASDAQ market after a successful $16 million public offering of 7.5 million shares priced at $16 each. Share price rose 40% to $22 in initial trading, with 3 million Changyou shares traded in the first ten minutes of the day. Changyou operates two MMORPGs in mainland China that monetize through virtual goods sales, netting a $201.8 million revenue and $108 million net profit for 2008. Changyou is the first new company to be listed on the NASDAQ since last November and the first Chinese company added renewable energy firm GT Solar International in August 2008.

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