money Archive

'Clock is ticking' on companies exploiting 'gig economy' says Labour MP

Influential Labour MP Frank Field has said the “clock is ticking” against companies who exploit workers trapped in the gig economy. On Thursday ministers ordered a crackdown on companies using large numbers of self-employed or agency workers following an investigation by the Guardian into low pay at the delivery company Hermes. Field warned that other firms could now face scrutiny, revealing his office had been …

Online VC FundersClub launches Network Search to better connect its 17,000 members

Network effects in venture capital are no joke. Sure, people want to close rounds with brand name funds like Sequoia and Andreessen Horowitz because they validate startups. But perhaps more importantly, companies become more likely to succeed after closing high profile rounds because of their newfound access to the friends and connections of prominent investors. Alex Mittal, CEO of FundersClub, has spent a lot of …

Prepaid card users will finally be protected from fraud and crazy fees

If you’ve been out of touch with the FinTech market recently you may have missed how popular prepaid cards have become. This is especially true when it comes to “open-loop” cards, which are prepaid cards powered by a processor like Visa or MasterCard that can be used anywhere a credit or debit card is accepted. These accounts now look and feel increasingly similar to an actual …

Kickstarter is breaking down assumptions about where innovation can occur

The few who still think Kickstarter can replace venture capital need not look further than a new report from Polygraph to see just how separate the world of crowdfunding is from traditional early-stage finance. While it’s easy to point to products like the Pebble Smart Watch as a sign that crowdfunding sites like Kickstarter are gaining ground against traditional institutional financiers and angels, the reality is that …

7 MORE Douchey Questions I Wish People Would Stop Rudely Asking

I recently compiled a list of questions I just want to go away, and it was brought to my attention that I didn’t include some of the most frequent ones. That was intentional, as I would hope that these biggies are established as verboten. But let’s go over them anyway, if only for you to share … Continue reading Source link

Apple’s cash on hand decreased for the first time in nearly two years

Apple just reported earnings for Q3 2016, and the company soundly beat analyst’s expectations. However, there was one number that we’re not used to seeing. Apple’s cash on hand actually decreased for the first time in seven quarters. Cash on hand this quarter amounted to $231.5 billion, which is down $1.4 billion from the $233 billion on hand at the end of Q2. As a refresher, …