If watching the Los Angeles Dodgers catch, and then pass, the San Francisco Giants in the standings wasn’t insulting enough, now comes word that the LA team is quite a bit more valuable than the Giants, according to Forbes Magazine’s list of “The World’s 50 Most Valuable Sports Teams.
Forbes is out with its list of “The World’s 50 Most Valuable Sports Franchises,” including such perennial NFL bottom-dwellers as the Browns, Vikings, Dolphins and Bills. Heck, pretty much every team in the league made the list, but not the Raiders.
As property values skyrocket in the Bay Area, mobile home parks are being left in the dust, and landlords in an East Bay city might have to pay the price for pushing those low-rent tenants out.
The San Francisco Giants have surged in value more than any other Major League Baseball team over the last twelve months, according to a new report from Forbes.
Apple’s stock fell Wednesday along with a sharp sell-off in the broader market as investors, with the election behind them, dumped stocks and turned their focus to a world of problems – tax increases and spending cuts that could stall the nation’s economic recovery and a deepening recession in Europe.
Apple’s surging stock propelled the company’s value to $624 billion, the world’s highest, ever, beating the record for market capitalization set by Microsoft Corp. in the heady days of the Internet boom.
The stock fell $1.03, or 3.8 percent, to close Tuesday at $25.87. It’s 32 percent below its initial public offering price of $38. It’s the stock’s lowest closing price to date. Earlier Tuesday, it went as low as $25.75.
Facebook says it has 843 million monthly active users, but getting a read on how many people actually visit Facebook’s site every day is considerably more complicated. Ultimately, some experts have said that that could mean the company is over-valued.
Apple briefly surpassed Exxon as the most valuable U.S. company after an excellent quarter, though the oil company has regained the lead at the market’s close.