Is me being a sugar addict justify the $500M IPO?

Per the WSJ article, King Digital Entertainment who is responsible for my sugar addiction a la “Candy Crush” filed today for an IPO up to $500M.  All my friends and I are sadly addicts.  I just can not get enough of the game.  I could not be more thankful that they have a limit of 5 free turns at a time or it would be sadly a complete time waster.

The real question, is King Digital Entertainment a one hit wonder?  I would think that a $500M IPO filing they definitely do not think they are.  Unfortunately per the WSJ article 78% of King’s total gross bookings is from Candy Crush with only 4% of their 128M daily users being paying customers.  I can raise my hand as one that has never paid to play but most (if not all) of my friends admitted to paying for helps to just get past that board giving them headaches for the last month.

I can not wait to see how this plays out but the best part will be what they have coming.  Hopefully a new game where I can move my obsession.

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Valentine’s Day….the cost of it.

Not to take away the lovey dovey-ness of Valentine’s Day but I’m always curious how much people spend on this day.  I’m happily married to my Valentine of 14 yrs and we’ve never been hung up on expensive signs of affection.  Not that I’m against spending money on gifts or flowers or fancy dinners.  We’re just in a different stage of our lives where we appreciate just spending time together, even if it’s just sharing a meal at home.

In my curiosity of the holiday I looked up some of that stats.  According to About.com’s article: Happy Valentine’s Day? Retailers not feeling the love, Valentine’s Day 2014 will contribute $17.3 B to the economy which is down from $18.6 B from 2013 and $17.6 B from 2012.  We’ll have to see if this tricky weather in the eastern part of the US will have a further effect on the actuals.  If you’re snowed in for the last week you can’t get out to eat a fancy meal nor be able to buy a gift.  The added bonus of items ordered on-line getting delayed in transit also pose a problem.  However I was curious to see how much do people spend.  Per the article the average is $133.91.  Being a New Yorker, that’s lower than I thought it would be but it is an average.

I guess the real question is how much you’re spending?  All I know is I got some beautiful flowers from my Valentine this morning. Happy Valentine’s Day folks.  Hope it’s all you hoped and dreamed.

flowers

What does $51 Billion buy you?

As we’re at the start of the Winter Olympics in Sochi I can’t help but think about the costs involved with putting on such an extravaganza. The original London 2012 estimate was 4 Billion GBP but came in at 8.92 Billion GBP.  However apparently they set aside 9.3 B so they came in under. Sochi is apparently coming in now at $51 Billion.  We know what happened to Greece.  Is it really worth the “prestige” of putting on the event?  With all the issues Sochi is having around rooms not being done and slopestyle being fixed due to dangerous conditions what does $51 Billion buy you?

I have no idea why countries fight to put these on.  If NY won the bid for 2012 I would have made sure to be on vacation during the month of the games.  After Super Bowl having its own issues for only a couple of days that pales in comparison to the Olympics.

We’ll have to wait until the Sochi Olympics comes to a close to get the full costs vs. benefit view.  I don’t predict it being balanced.