by Simon Black, Sovereign Man:
Like so many other high-flying Silicon Valley startups, Clinkle was supposed to ‘make the world a better place’.
Founded in 2011 by a guy barely out of his teens, the company picked up early buzz after proclaiming they would disrupt mobile payments. Or something.
Silicon Valley venture capital firms […]
by Michael Snyder, The Economic Collapse Blog:
Have you ever wondered how tech companies that have been losing hundreds of millions of dollars year after year can somehow be worth billions of dollars according to the stock market? Because I run a website called “The Economic Collapse“, there are naysayers out there that take […]
by Wolf Richter, Wolf Street:
US ad revenues collapse. Twitter cuts costs to manage its decline.
Twitter reported its first quarter “earnings” this morning – “earnings” in quotes because, as always, it’s actually a loss, this time of $61 million for the quarter. That’s according to Generally Accepted Accounting Principles (GAAP). Under its own […]
by Joe Jarvis, The Daily Bell:
There is an old saying that one should never talk about politics or religion. I think that is just a way to make sure people don’t talk about anything productive or eye opening.
And I think it is basically the same attitude that makes the New York Times […]