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Strange Business: Is There a Steve Jobs Biopic Bubble Forming?

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Plus, Jeff Bezos's hobbies include recovering spacecraft from the bottom of the ocean.

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Everybody Loves Steve Jobs
Source: Funny or Die

Biopics about the life of Apple (NASDAQ:AAPL) co-founder Steve Jobs may have entered bubble territory.

The comedy site Funny or Die announced that it will release a 60-minute to 75-minute parody-style biopic called iSteve on April 15. Justin Long (of "Hello, I'm a Mac" fame) will have the honor of being the first person to portray Apple's co-founder. The film's writer Ryan Perez told reporters: "In true Internet fashion, it's not based on very thorough research - essentially a cursory look at the Steve Jobs Wikipedia page."

Meanwhile, the release date for jOBS, starring Ashton Kutcher as the tech leader, has been pushed back. Though the film had been scheduled to open April 19, the producers now say an issue with marketing materials has caused a delay. According to rumors, the real problem may be that Kutcher's acting is not making the grade, at least according to the New York Post.

True film fans are perhaps most eagerly awaiting Aaron Sorkin's Steve Jobs biopic, however. Last fall, the screenwriter behind The Social Network announced a few details about the film's structure. "This entire movie is going to be three scenes and three scenes only. That all take place in real time," Sorkin told the press. "There will be no time cuts and each will take place before a product launch. Backstage before a product launch. The first one being the Mac, the second one being NeXT, after he had left Apple. And the third one being the iPod."

(Also see: 8 Bubble Markets Investors Are Watching Now and
The Apple iWatch Is a Stunning, Beautiful, and Revolutionary Figment of Your Imagination)


Spacecraft Collector

Jeff Bezos has a hobby that only a billionaire could fund. The CEO of Amazon (NASDAQ:AMZN) financed a team aboard the Seabed Worker and reported yesterday that his team retrieved the engines of the Apollo 11 from three miles underwater in the Atlantic Ocean off the coast of Cape Canaveral. Bezos traveled with the team but remained busy most of the time maintaining his Internet retail empire on his computer.

It's All About the Label

Is Coca-Cola (NYSE:KO) playing an April Fool's joke with its new Fruitwater beverage line? The fizzy flavored drink will contain zero calories, but its black raspberry won't have any raspberries and its orange mango will have no oranges, as the drinks contain no fruit. Instead the water will contain Splenda and "enhanced nutrients" like Vitamin B and magnesium. When launched on April 1, the drinks will be branded as part of the Glaceau family, which includes Vitaminwater and Smartwater.

Lonely Techies

Wouldn't you think that a daughter's parents would approve of an aspiring Bill Gates or Mark Zuckerberg trying to build an Microsoft (NASDAQ:MSFT) or Facebook (NASDAQ:FB)? In the risk-averse culture of India, they might not.

According to the World Startup Report, Indian parents typically expect the man in a marriage to be the main breadwinner, and Indian parents view creating a tech company as an enterprise burdened with many "high social risks." India has many entrepreneurs, but individuals feel more comfortable with businesses that generate immediate cash flow. In fact, when a startup owner wishes to hire a new male employee, he or she must often convince the candidate's entire family that it's safe to take an offer; families worry that their son or brother will be shunned by potential brides, according to the report's authors. In a country with poor Internet infrastructure and only 125 million Internet users out of a population of over 1.2 billion, being a startup founder is "like being a struggling artist (without the glamour)," they say.

Eating Kelp

Bren Smith, owner of the Thimble Island Oyster Co. of Long Island Sound, is betting on sugar kelp. The seaweed industry is worth $7.1 billion and sells seaweed for sushi and salads, as dried snacks, and as a fertilizer ingredient. Asian companies dominate the market, and small US companies sell only wild kelp. Smith hopes to distinguish Thimble Island Oyster by being the first company to sell farmed seaweed from the Long Island Sound during the winter months when not harvesting shellfish. Smith's fisherman think he's "crazy," though, and he admitted in a Wall Street Journal profile that he is unsure whether or not he will find chefs and other customers who will buy the green stuff.
Twitter: @ChrisWitrak
No positions in stocks mentioned.
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