Listen in to my weekly business and economy report on "America Now with Andy Dean." Last Friday, Andy was kind enough to introduce me as the business-lovin' liberal, which he figures is a paradox, an oxymoron, an enigma wrapped in a riddle. All very good, as I felt like an riddle-wrapped-enigma on Friday afternoon.
Much talk of Facebook, of course, as the IPO and a big tax payout for the budget-challenged state of California looms (it's this week, May 18). But also a revisitation of the wild life of Eduardo Saverin, the jilted Facebook co-founder who is now living large in Asia and, much to Andy's dismay, giving up his American citizenship so he can collect more of his nearly $4-billion payout from the Facebook offering.
But we also discussed President Obama's boffo, $15-million Hollywood fundraiser last Thursday, at the house of George Clooney, and we did a little run-through of what the Next Big Tech Startup could be. My personal favorite is Quora, but we also talked about Square, which is one of Twitter co-founder Jack Dorsey's companies. It's a potentially big player in the mobile-payments space. You use, for example, the iPhone app and get a small, square (naturally) card-reader that plugs into the audio jack of an iPhone. Valuation: $1 billion.