Welcome back to Baby Breakerdom! This week, we find venture capitalists (VCs) diving into the deep waters of Medicare reform, a slice of Tokyo here in the U.S., and quite possibly the largest multibagger we've ever witnessed here at the Fool.
Let's start with Medicare. According to the U.S. Department of Health and Human Services, the system's fee-for-service program recorded $20.8 billion in overpayments last year. It's unclear if that total is at all related to accusations of fraud facing hospital operator Tenet Healthcare
Next, we turn east. Far East. Foolish colleague Nate Parmelee, a former resident of Tokyo, has sometimes regaled us with stories of how the Japanese -- especially Japanese teens -- use their cell phones as fashion accessories and gaming platforms. Privately held Blue Frog Mobile believes that experience could be replicated here on our shores and is developing custom mobile entertainment content to start the movement. VCs agree. They've handed $16 million to the firm, according to VentureWire. Will Nokia
Finally, we have to touch on telecom rebel Skype and its $2.6 billion-plus buyout by eBay
Once again, there's nothing new to report in public offerings. But, as always, we'll keep looking. See you back here next week.
For more Rule-Breaking Foolishness:
- Value vs. growth. It's still the ultimate investing question.
- Would you go "all in" with your portfolio? Maybe you should.
- Is JetBlue
(NASDAQ:JBLU)still among the Rule-Breaking jet set? You tell us.
eBay and JetBlue are Motley Fool Stock Advisor picks.