money

Sam Biddle · 01/02/14 04:49PM

Workers in Silicon Valley "bring almost double the amount of money that their counterparts nationwide earn each week," according to new federal data.

The Weekend Uber Tried To Rip Everyone Off

Sam Biddle · 12/16/13 11:01AM

For several hours on Saturday, Uber was maybe the most hated company in America. Some of the year's most atrocious weather dumped across the Northeast, and the transit company of the future hit customers with the worst price gouging we've ever seen—it would cost over a hundred bucks just to drive down the block. Get used to it.

Hot New Startup No One Needs: A Credit Card for Your Credit Cards

Sam Biddle · 11/15/13 11:50AM

One downside of Silicon Valley's ultra-insular groupthink fiesta is that it produces things like "Coin." Coin is a company that sells a product that will solve a fake problem, and soothe a tiny cohort of techie whiners. But when that's all you know, it feels like The Next Big Thing. It's not.

A List of People Praising Snapchat for Turning Down $3 Billion

Sam Biddle · 11/14/13 01:12PM

As the internet shit its collective denim pants yesterday upon news of Snapchat's Facebook refusal, there were some outliers—very prominent outliers. You might think two 23-year-olds refusing three billion dollars is lunacy, but these tech insiders think you're the crazy one.

Sam Biddle · 11/12/13 05:01PM

Quora says it has "no near term plans" of attempting to make any money at all, likely because it was founded by two extremely rich people and doesn't need to ever make money. We need to rethink what's considered a "business."

The $4 Billion Secret: Don't Bother Making Any Money

Sam Biddle · 10/31/13 03:39PM

Pinterest and Snapchat have two very important things in common: they were both recently, insanely valued by investors at around $4 billion, and neither of them has made a single dime in the entirety of their existence. How is this not a bubble, and why aren't more people saying this is crazy?

Twitter: Still Losing Even More Money

Sam Biddle · 10/15/13 05:38PM

Twitter tossed out a little update to its pre-IPO disclosures, and the soon-to-be-public company is still far, far away from profitable.

"Invest In My Startup" Spam Coming to Your Inbox

Sam Biddle · 09/26/13 11:04AM

Thanks to the JOBS Act signed into law this past spring, you don't have to be a Silicon Valley insider to get played by a persuasive Stanford dropout. Now you can legally beg anyone for investment cash, anytime, anywhere. This will be fun for everyone.