Facebook made two pennies per user per month.
A billion people offer their two cents every month to Facebook, literally. That’s about how much income Facebook generated per user each month over the last quarter.
Continue reading… “Facebook generated 2 cents per user last month in income”
American families can expect to spend about $250,000 to raise a child for the next 17 years.
With Laura Sowa’s husband working strictly on sales commission in a down economy, money has been tight for several years now. Laura lives in Nashville and she works hard to keep things as normal as possible for her two daughters. But “normal” these days is being redefined. This hit home for her recently as she listened to the girls playing “shopping trip” in the next room.
Continue reading… “The cost of raising a child today”
We now have real data to accompany all the anecdotal stories about the ongoing “Series A crunch” for tech startups. CB Insights, a venture capital analysis firm, has released a new seed financing report that digs into some real numbers about the situation.
Continue reading… “More that 1,000 startups are destined to be abandoned at the Series A stage”
Christmas in America seems to be getting more extravagant.
With just a few days until Christmas day, many shoppers are feverishly trying to find the perfect meaningful gifts for everyone on their list. commercialization of the American Christmas plays a very big part in how much the average American pays for all of his or her holiday expenses. Between gifts, holiday parties and decorations, Christmas in America seems to be getting more and more extravagant. Here is a look at the average cost of an American Christmas and a glance at why the cost of the holidays is steadily rising.
Continue reading… “The average cost of Christmas in America”
Many studies have found that women tend to be more averse to risks and losses than men.
The world of business can be brutal and competitive. People often need to take high risks with big payoffs in order to succeed. Attitudes that are risk-taking attitudes are often seen as masculine. The language used to describe such behavior is riddled with phrases like “testosterone-charged” and “cowboys”. Women are seen as being more risk averse. And then there are articles that have asked if the financial crisis might have unfolded differently had women been in charge.
The number of offshore banks where savers can keep their money and receive good rates is dwindling.
People trying to save are having a tough time at the moment. It is very difficult to get a real return on savings because of low interest rates and relatively high inflation. And there’s still the question of safety: the banking crisis which left millions of savers worrying about the security of their banks was only a few years ago.
“Present bias,” a phenomenon that makes us crave immediate gratification at the expense of even greater rewards later on.
People tend to spend more money when they are blue, whether it’s treating yourself to an elegant dinner after a tough day or picking up a new outfit during a nasty breakup. Harvard University researchers looked in the the anecdotal evidence and found that feeling down can take a serious toll on your wallet.
Continue reading… “Unhappiness leads to bad financial decisions: Study”
The point of a “capitalist” economy is to minimize the trade-off between meaning and money.
Why is an average investment banker worth much more than an average teacher? And why does a top hedge fund manager “earn” enough to pay for thousands of teachers? Is there a trade-off between meaning and money? And if there is, how does one master — and perhaps — resolve it? Can it be resolved?
Continue reading… “The trade-off between meaning and money in today’s economy”
If you start a business, odds are that your company will fail.
It may look easy from the outside. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. But now there is evidence that venture-backed start-ups fail at far higher numbers than the rate the industry usually cites.
Continue reading… “Three out of four startups fail – a venture capital secret”
There are other ways to generate a return on capital—and help move the economic recovery.
Over the past 24 months It is well known that America’s largest companies have been stockpiling cash over at alarming rates. It has been estimated from $1.5 trillion to $2.8 trillion. And at first blush, who can blame them? With interest rates at historic lows, market volatility, political uncertainty, the European crisis, severe commodity price fluctuations, and other unpredictable market conditions, corporate brands and executives have been understandably inclined to sit on the sidelines.
Continue reading… “Putting sidelined cash to work to help move the economic recovery”
Many workers who have lost their jobs have defaulted on 401(k) loans.
The number of displaced workers has risen dramatically since the start of the Great Recession, and this year a third of them had to raid retirement savings to make ends meet.
Continue reading… “35% of laid-off workers have raided their retirement savings”
[youtube]http://www.youtube.com/watch?v=plSAxo3YWdo&hd=1[/youtube]
After more than a decade, PayPal — the coaster of the Internet that has had a downhill ride with the wind at its back pretty much since acquisition — is finally under serious threat.
Continue reading… “3 big reasons Paypal is screwed”
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