Congratulations, person holding the ticket with 5-16-22-23-29, PB-6 on it! You just won the $550 million Powerball. That's right, you proved the naysayers wrong, and you're rich. But now what? As the haters will rush to remind you, winning the lottery is not always the best thing that could happen, but you'll prove them wrong. But first, how are you going to spend that half a billion and change? And if, for some reason, you didn't win tonight (impossible, I know), how will you spend your hard-earned fortune once your lucky numbers come up in a few months, which will definitely happen?
Facebook will file to go public tomorrow, in case you missed the rolling thunder bombardment of news articles this week, or in the months preceding. There won't be the faintest reason for the average person to care about this IPO until shares actually start selling months from now, but in the meantime you should steel yourself for endless breathless hype pandemonium. Oh, it's going to be awful.
Chalk one up for middle-aged mundanity over the edgy glamour of youth. Disney will pay around $40 million for Babble Media, the oft-maligned blogging hub for hipster parents, sources tell Business Insider. Disney will also onboard Babble's founders, whose hyperliterate porn mag Nerve was a critical smash but never very financially successful.
Groupon goes public tomorrow, and the financially frightful coupon startup should be a stock market hit: With about 10 times more prospective buyer than shares, the stock priced today at $20, up from an expected $16 - $18. So it looks like the tech bubble, inflated heretofore by private investment deals, is going public. How exciting.