MARK CUBAN BLASTS SPORTS MEDIA OVER NBA FINALS COVERAGE

I always had a lot of respect for Mark Cuban. He is a great businessman and unselfish sports team owner. The athletes on his basketball will die for him on the basketball court.

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Mark Cuban, billionaire owner of the Dallas Mavericks, was a guest on ESPNs First Take on Friday morning and took a number of shots at the media for the way they cover sports, and specifically singled out Skip Bayless, who hosts the show with Stephen A. Smith and Jay Crawford:

“It’s not just Skip, it’s sports writers, sports media in general where everything is generalities, ‘excruciating pressure,’ what the hell is that?”

“You guys like to talk in complete generalities, where nobody can question you, right? You don’t ever use facts, you don’t ever use substance. [Y]ou have the presumption that people care what you say. They don’t.”

Cuban went on to say that it’s ridiculous for Bayless to say that the Miami Heat won the championship because they wanted it more than the Oklahoma City Thunder, and said that ultimately it comes down to execution.

When Bayless told Cuban that LeBron James played harder than Kevin Durant in the NBA Finals, Cuban said:

“That is the most ridiculous thing any sports writer has ever said.”

Cuban went on First Take after his tweets on June 19 prompted Bayless to invite him to come on the show; Cuban had tweeted that his two-year-old son knows more about the NBA than Bayless.

MARK WOLFORD, SNAKE-HANDLIING PASTOR DIES FROM RATTLE SNAKE BITE

If you play with fore you’re going to get burnt. If you play with snake, you are going to get bitten.

West Virginia Pentecostal Pastor Mark Randall “Mack” Wolford, who handled snakes, was fatally bitten by a rattlesnake, which he owned for years, at the Panther Wildlife Management Area, 80 miles west of Bluefield, West Virginia during a Sunday snake-handling service, reports the Washington Post.

Pastor Wolford had posted several statements on his Facebook page on May 22: “I am looking for a great time this Sunday. It is going to be a homecoming like the old days. Good ’ole raised in the holler or mountain ridge running, Holy Ghost-filled speaking-in-tongues sign believers.”

“Praise the Lord and pass the rattlesnakes, brother” he wrote on May 23.

About 30 minutes into the service, Wolford was bitten on the thigh by his yellow timber rattlesnake.

Pastor Wolford was taken to a relative’s house to recover, as he always had when suffering from snake bites, but this time he passed away.

Pastor Wolford claimed that the bible required that Christians handle snakes to test their faith per the verses in Mark 16:17-18: “And these signs will follow those who believe: in My name they will cast out demons; they will speak with new tongues; they will take up serpents; and if they drink anything deadly, it will by no means hurt them; they will lay their hands on the sick, and they will recover.”

Ironically, Pastor Wolford’s father also died of a snake bite in 1983.

Here are some videos of Pastor Wolford and his congregation in action.

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Ngo Okafor

The most downloaded black male model

Nigerian American black male model photo gallery and blog

www.getingo.com

BREAKING NEWS: INVESTORS SUE MARK ZUCKERBERG, FACEBOOK AND MORGAN STANLEY

Damn Mark!! Mark Zuckerberg has gone from his best week ever to the worst week ever in less than 72 hours. Read more

Three investors sued Facebook and chief executive Mark Zuckerberg on Wednesday, along with lead underwriter Morgan Stanley and a host of other underwriters, accusing them of withholding negative information about the social network’s initial public offering.

“It appears as though material information was not disclosed,” said Robert Weiser, one of the plaintiff lawyers in the class action suit. “We believe that the offering was conducted unfairly and it harmed public stockholders.”

The suit was filed in the U.S. District Court for the Southern District of New York in Manhattan.

According to a report published by Reuters, Morgan Stanley (MS, Fortune 500) shared a negative assessment of the social network with major clients ahead of Facebook’s (FB) IPO, which debuted last week.

The lawsuit states that “certain of the underwriter defendants” estimates for how Facebook would perform in the second quarter and for the full year.

The “revisions were material information which was not shared with all Facebook investors, but rather, was selectively disclosed by defendants to certain preferred investors and omitted from the registration statement and/or prospectus,” the plaintiffs claim.

MARK ZUCKERBERG’S WEEKEND CHECK LIST: MAKE $19 BILLION…CHECK…GET MARRIED…CHECK

It does not take several lines of code to see that Mark Zuckerberg just had the best week ever. First of all, he kicked the weekend off with his company, Facebook, going public and making him over $19 Billion. Then he quickly followed that up by marrying his long time girlfriend, Priscilla Chan, 27, at a small ceremony at his home in Palo Alto, California, yesterday Saturday May 19th. Can somebody say WINNING!!!!!!!

The couple met at Harvard and have been together for more than nine years.

By

Ngo okafor

The most downloaded black male model

Nigerian American black male model photo gallery and blog

www.getingo.com 

WHAT THE HELL IS AN I.P.O.? WHAT DOES IT ALL MEAN?

All over the world, we kept hearing news about Facebook going public. We heard about stocks, shares, markets, public this and public that,… and we heard about… IPO’s. What the hell is an IPO? What does all this jargon mean? Ohhhhh….Mark Zuckerberg is now worth $19.18 Billion after selling 503.6 shares at Facebook’s asking price of $38. Whaaaaaaaat!!! Well i got to the bottom of it! I did a lot of research on this and I will break it all down for you.

What is an IPO?

An IPO is the Initial Public Offering is the first time that a company’s shares are traded on a public market

Privately Owned companies have full control over their shares and are not required to disclose key financial information to the public. On the other hand, shares of publicly traded companies can be owned by anyone. Companies must answer to their shareholders and face increased regulatory scrutiny.

Why Would a company go public?

A company goes public because there is only so much money a company can raise on its own. The company therefore will go public in order to raise money that it needs to grow and  achieve it future goals. The company decides how much money it needs to achieve its future goals, their team of underwriters then helps them determine a realistic amount they can charge for each individual stock in order to reach the amount of money they need to reach their growth goal.

Why have an IPO?

An IPO brings profits to initial investors and employees and raises capital for the company.
  • Investors: Initial investors can make large profits while selling the shares they obtained early on at much cheaper prices
  • Employees: In the early stages of most companies, employees are compensated with equity (shares of the company). Founders and employees can now cash in on their shares
  • Company: The company raises capital to continue growing and expanding.It also opens doors to new investors.

How does an IPO work?

A company follows several steps in order to have an IPO.
  1. File S-1: The company must first file an S-1 form with the US Securities and Exchange Commission (SEC), which includes basic business and financial records
  2. Underwriters (The Team): A group of investment bankers are selected to act as underwriters (people who vouch for the company), who help in raising capital from investors.
  3. Exchange: A public stock exchange such as the NASDAQ or NYSE (New York Stock Exchange) is selected, and a ticker symbol is chosen such as FB for Facebook and MSFT for Microsoft.
  4. Roadshow: The company and its underwriters make presentations to investors in major cities, seeking buyers for large blocks of shares.
  5. Preparation: Once the SEC has approved filing, the company and its underwriters set the opening price and numbers of shares that will be sold.
  6. Go Public: The investment capital is transferred to the company and investors get their shares. The next day, they begin selling those shares on the public market.

So, there you have it my friends. That is a little business blogging for you. I hope that this helped shed more light on all the news hitting all of us lately about our beloved Facebook. I know I learned a lot while doing the research for this post.

By

Ngo Okafor

The most downloaded black male model

Nigerian American Black male model photo gallery and blog

www.getingo.com