Off to the races!
That’s how much funding was raised by anonymous social networking app Secret. It’ll now return some of that money after the company folded this week. Secret failed for some fairly standard reasons – tough competition, users losing interest, losing key employees and so on – but it’s unusual because of just how much money they had. Most failed start-ups only raise $1 million or less before they go belly-up.
That’s how many episodes were made of a little sitcom named “Seinfeld.” Heard of it? You’re about to hear a lot more: it was announced this week that Hulu has bought the streaming rights for all 180 of those episodes. But you already knew that, didn’t you? So why not head over to Silicon Tally, our weekly quiz on the week in tech, and prove your news savvy.
That’s the portion of one Manhattan restaurant’s business that goes to Seamless and Grubhub, the owner says. Those delivery apps dominate New York City and many other markets, but smartphone takeout is fertile territory, and many companies are lining up – and investing tons – to try and take a bite out of their business.
By some estimates, that’s how much could be generated in Nevada via bets placed on the Mayweather—Pacquiao fight taking place on Saturday Night. It’s a big weekend for betting, what with the Kentucky Derby taking place that same afternoon. Some betting experts are anticipating it could be a record-breaking weekend for money brought in through bets placed on sporting events.
Speaking of the Kentucky Derby, $60,000 is the average price of a racehorse. Talk about an investment that could literally kick you in the gut, especially when you consider that 80 percent of horses do not earn money for their owners. But for some, buying a racehorse is a status symbol; more like buying a luxury yacht, or joining a country club. And these days, more women are joining the ranks of horse owners.
The global box office gross of movies in the Marvel Cinematic Universe, not including “Avengers: Age of Ultron,” which opens Friday. The “shared universe” – a collection of film franchises that share characters and storylines – is the new model major studios are taking on. Bloomberg breaks down the business logic behind these connected films, and how studios are scouring their intellectual property – Lego, Transformers, “Star Wars,” Ghostbusters, DC Comics, etc. – to try and catch up with Marvel Studios.
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