I was a day trader for many years, and it almost killed me.
I made money by making profits on my own money and also taking a percentage of the profits for the people I traded for. I traded up to $40 million or $50 million a day at my peak. I did Read More
More Money More Problems
On Friday, Reddit made an announcement that it would be donating ten percent of its 2014 ad revenue to charity.
According to a blog post by Reddit CEO Yishan Wong, Reddit will calculate its ad revenue at the end of the year, and then let Redditors nominate and vote on the non-profits they’d most like to support. Once the community has determined its top ten non-profits — and yes, Reddit reserves the right to ignore all suggestions from trolls, the post says — the site will distribute the funds proportionally among the winning charities, based on how many votes each one received.
Mo Money Mo Problems
In a crazy twist of fate worthy of a Steven King novel or a Bachelor Pad finale, PayPal president David Marcus recently became the victim of credit card skimming and a bunch of fraudulent transactions in the UK.
International Men of Mystery
Applying for a loan is annoying–the paperwork, the waiting, the vague fear that the financial institution where you’re sending your social security number, address, bank statements and tax returns could definitely steal your identity at the drop of a hat.
Now, as it turns out, some companies are going even farther than scrutinizing every dime you’ve spent over the last year: they’re combing your social networks to find out if you fraternize with lowlives so that they can deny you for a loan.
IP Uh Oh
Got a massive pile of stolen money lying around? Happens to us all. You just need the right people to help launder it. And that, of course, is where the Internet comes in.
Security blogger Brian Krebs points to the advertisement above, which is making the rounds on Russian forums for cyber criminals. He Read More
In 2011, Wall Street caught friending fever. It was a hell of a year for social media IPOs, as investment banks welcomed themselves into the money-hungry arms of Computer Nerds, Many Of Whom Should Have But Didn’t Know Better. Of course, there were a few winners that weren’t said banks, as well as a few you’ve never heard of. In 2012, Facebook will lead one of the largest tech IPOs pretty much ever, and the largest year of tech IPOs since 1999. What did we learn? Mostly, that for every bet, there’s a sucker who’s as desperate for money as most people apparently are for friends. So:
Who won, who lost, and who debuted on the market without anyone really knowing?
SOPA, short for the Stop Online Piracy Act, is a bill making its way through Congress, fueled by Hollywood’s lobbying dollars. Essentially, it would give the American government the opportunity to hit the kill switch on any domain accused of hosting violations of copyright, sight-unseen and without due process. That would be bad. The Internet knows this, Important People On The Internet know this, and they seem to be working very hard to make people aware of it.
Unfortunately, their efforts—at least as far as money is concerned—might not be enough to match the power of Hollywood’s lobbying cash.