Posts Tagged Money

Mark Zuckerberg Made $3.5 Billion Last Month

Mark Zuckerberg, founder and CEO of Facebook

Mark Zuckerberg,  (Photo credit: Wikipedia)

November was a good month for Facebook and its CEO Mark Zuckerberg.

Facebook‘s stock shot up from $21.08 a share on the first day of trading in November to $28 a share at the end of the day Friday, its highest price since July. Zuckerberg, who owns about 504 million shares of Facebook stock, gained about $3.48 billion as a result!

When Facebook first went public at $38 a share in May, Zuckerberg’s shares were worth $19.1 billion. In the following months, the stock dropped to less than half that IPO price to $17.55 in late August, pushing Zuckerberg’s net worth down to $8.84 billion.

As of Friday, Zuckerberg’s net worth was $14.1 billion and will likely only continue to grow in December.

Via: Mashable

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10 Simple Steps To Save Money On Mobile Phones

In this generation of new gadgets and innovation in technology one cannot leave the things which are useful and beneficial in their daily life. One among them is a mobile phone and it is an essential part of everyone’s life. Through a mobile phone you can make a call to your near and dear ones how far you can be and even you can text, mail and also browse internet. It will make your work effortless and help you to stay connected with your loved one always.

You can do multiple tasks on this device as they are smartphones. They are fully loaded with different amazing applications which can make your work better and in your daily life. There are different types of mobile phones available on the market with different price tags. It is a bit difficult to spend cash for purchasing your desired phone as the prices are increasing every day so there are fewer possibilities of having a smartphone for the common man.

Below are some of the steps which can make you buy the best mobile phone within a desired price and can save some bucks.

  1. Purchase a phone and unlock it: If you are going to buy a mobile phone then you need to look for the best phone which suites your budget. If you buy on contracts then it will cost you more so you can go for SIM-free device and unlock it as will be carried with the less amounts.
  2. Go for Online deals: Instead of going and searching in the market you can search online as there are numerous online deals for everything. If you purchase your device through online then you can get in fewer amounts and save your money & time as well.
  3. Mobile Phone Insurance: If you purchase your favourite smartphone then you need to secure that device with insurance; go for mobile phone insurance. These things should be done when you are purchasing a phone. It can cost you some extra cash but your device will be secured. If your device gets theft or lost somewhere then you can avail this benefit of insurance.
  4. Go for Less Tariff: If you buy a phone which is of high price then you can’t save anything on that so you can opt for the less tariff rates. If your tariff rates are high then you can switch to the fewer tariff rates and can save some bucks on this plan. It will be a good experience.
  5. Avoid Expensive downloads: Your mobile eat a lot of your money but you need to control the expenses with fewer packages and downloads. Try to avoid expensive downloads from websites that costs you much, search for the same applications on the other sites where you can find the same application with less amounts which can save your money.
  6. PAYG: If you need to call your dear ones and you are on long time speaking then you can ultimately go for the pay-as-you-go phone, which will cost you less compared to other packages. This package can be helpful for the students and they can save some bucks by this package.
  7. Check for Roaming Packages: If you are moving somewhere from your native then you need to carry the phone with you so it’s better to check with the roaming packages with your operator and go for it instead of balance reductions and troubles you can go for this package this can save some bucks for you.
  8. Get for Free services: These days there are fewer operators who give free calls to emergency numbers. You can go for the free services like Free411 or Google’s goog-411. This number can be used or call from anywhere by the given code. It is free of cost and very reliable.
  9. Business related packages: If you are a business entrepreneur then you come across lot of work with calls, text and mails. Try to ask for fewer packages which do not cost you much which is common with the every mobile user.
  10. Get free from old devices: If you want to purchase the new handset then you can get rid of your old one. Try selling at the online shopping markets or you can auction it to your friends and can save some bucks which can use to buy a new mobile phone.

About the Author:
My name is Maria, a content writer from Manchester.  I am into Health, Travel, Technology, and Finance.  I am researching on PPI claims and its impact on personal finances.  Catch me @financeport

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How Cloud Software Can Cut Down Your Business Costs

In a troubled economy businesses are trying to minimize their spending and cloud software offers an excellent way to achieve that. But the problem is not many businesses are aware of the advantages offered by cloud software. So if you are one of the first to embrace these technologies you can gain a significant advantage over your competitors. Mentioned below are some ways web based software can save you money.

Subscription Model

Most web based software provides you with a pay as you go option. So you don’t have to spend a huge amount upfront to make use of the software. This also enables you to test the software without making a long term commitment. Additionally cloud based solutions are much cheaper compared to traditional desktop software. For example a web based Visio alternative like Creately costs 5$ per month compared to a 300-400$ Visio license.

Reduced Maintenance/Installation Costs

Because cloud software resides in vendor servers they are platform independent. Only thing you need to access them is a modern browser which can be easily downloaded for free. This means you don’t have to worry about downloads, installing the software, doing compatibility test before installing and upgrading, creating disk space for installations and a whole lot more. Basically you let the vendor handle the maintenance and upgrading while you use the software.

Collaboration Features to Improve Productivity

The collaboration features including real-time collaboration makes it very easy for teams to work together. Additionally they help people working from remote locations and independent contractors to easily share and edit documents. In real-time collaboration you can share a document with multiple persons and edit them simultaneously. You can instantly see the changes made by each other so there is little chance of someone getting confused. A good example of this is working with your accountants using a web based accounting tool like Freshbooks. Because both parties can see the changes instantly you can suggest modification, give explanations for some expenses etc. Another example is discussing your website layout with a web design company. You can share a UI mock-up and collaboratively edit it until both parties are satisfied about the design. These are just two examples, the possibilities are limitless.

Anywhere Access to Quickly Retrieve Data

Another big benefit of cloud software is you can access them from anywhere in the world as long as you have an Internet connection. Instant access to data makes it very easy to take decisions and act faster according to the data. It is important to note that some cloud based vendors provide offline access as well, so you’re not handicapped when working in remote areas that don’t have Internet access. HTML5, On-premise installations are some of the things vendors provide to give offline access.

Other Ways Cloud Software Saves You Money

Mentioned above are some of the main ways cloud software helps your business save money. But there are plenty more. Because of online collaboration you dramatically reduce the number of meetings and the time spend on meetings. You cut down travel costs because now you no longer need to go to the client or vendor to discuss your plans. There are plenty of other little benefits that add up to make a significant difference.

With all these benefits it would be foolish not to give cloud software a try. Most of them offer a free trial so you have nothing to lose.

Nishadha Silva is a tech evangelist working for Creately, a web based diagram software to draw business process diagrams, flowcharts, organization charts, network diagrams and much more. Give it a try and feel the difference.

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Now, you can pay real money on Facebook to buy goods

SAN FRANCISCO: It knows who you are. It knows what you like. Now it wants to make it easier for you to buy things, in your own currency.

Facebook on Tuesday signaled its ambitions to grow as a payment platform, with changes to how its users can buy goods and services without leaving its site. It was also a clear indication to Wall Street that the company was pushing to make more money. Concerns about the company’s revenue prospects have held its shares back since its disappointing public offering last month.

Until now, Facebook has had its own virtual currency, called Facebook Credits, which is used mainly to buy virtual goods in games like FarmVille. Facebook took a 30 percent cut from those sales, bringing in a hefty 15 percent of total revenue last year.

The changes announced on Tuesday are meant to encourage companies beyond game developers to sell their wares on the Facebook platform itself. They could also keep Facebook users on the site longer and harness more data about what they buy.

The changes announced are twofold. First, Facebook users will be able to subscribe to services that require monthly payments. In the past, the service allowed one-time payments only. Second, users will be able to pay for things on Facebook in their own currency, rather than credits, which is vital for Facebook because it is a global network.

“By supporting pricing in local currency, we hope to simplify the purchase experience, give you more flexibility and make it easier to reach a global audience of Facebook users who want a way to pay for your apps and games in their local currency,” Facebook said in a blog post for app developers.

The new system will allow users to plug in their credit card information once and store it on Facebook, just as they could to buy Facebook Credits. But now, with one click, they will be able to buy whatever is on offer, priced in their own currency: a magazine subscription in euros, say, or games in Indian rupees.

Currently, there isn’t much to buy on Facebook, though companies such as Spotify will be able to take immediate advantage of the monthly subscriptions and seamless payments.

The changes will begin next month, the company said, and are meant to work on mobile devices as well. They are a nod to the Apple iTunes model, where users pay in dollars and cents, not a whimsical currency. And they show how Facebook is seeking more revenue from sources other than advertising.

“They are showing us we care about driving revenue, and I think that’s great,” said Michael Pachter, an equities analyst with Wedbush Securities. “That’s what investors want to see.”

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Making money in mobile to be Facebook’s challenge

NEW YORK: With Internet users increasingly going mobile, a major challenge for Facebook will be trying to make money from its massive global presence in a more complex mobile space.

Facebook, which makes most of its money from advertising, says more than half, 488 million, of its 901 million members access the service from a mobile phone or tablet. Of these, 83 million use only mobile devices instead of computers.

But while 82 percent of Facebook revenue comes from ads, the company acknowledges that it gets little income from the mobile space. “We have historically not shown ads to users accessing Facebook through mobile apps or our mobile website,” the California firm said in a filing for its initial public offering.

“In March 2012, we began to include sponsored stories in users’ mobile news feeds. However, we do not currently directly generate any meaningful revenue from the use of Facebook mobile products, and our ability to do so successfully is unproven.”

Facebook says a big issue looking ahead is being able to get mobile revenue and that its revenue “may be negatively affected unless and until we are successful with monetization strategies for mobile usage of Facebook.”

Most analysts note that advertising has not yet become adapted to mobile devices in the same way it has on computers. “Last time I checked, mobile phones had really small screens,” said Michael Pachter of Wedbush Securities.

Van Baker, an analyst with the Gartner consultancy, said so-called monetization will be critical for Facebook, which has “some catching up to do” with firms like Google and Apple.

Baker said Facebook needs to find mobile ads that are “not intrusive” and pointed to Google and Apple as using a type of mobile banner ad that “takes up a very small amount of screen real estate.”

Google is seen as having a strong mobile platform, and recently decided to integrate its mobile, search and other services in an effort to offer more targeted ads, a move that drew criticism from privacy advocates.

London-based Hargreaves Lansdown Stockbrokers said in a client note that converting Facebook’s mobile traffic into income “is perhaps one of the company’s largest, and currently perplexing, challenges.”

“Facebook was not conceived in the smartphone era and therefore did not have it in mind as a platform. It has catching up to do and, if possible, without cannibalizing its own current income from the PC space,” the brokerage said.

The company could address the issue by purchasing apps that may offer other revenue sources such as the photo app Instagram, Tagtile, for tracking customer loyalty, and Glancee, an app for locating nearby friends.

Forrester Research analyst Melissa Parrish said, however, that the solution for Facebook in the mobile space “is probably something that we all haven’t been thinking of yet.”

“What’s really compelling is the possibility that they will either figure out a way to monetize mobile that is not sponsored or advertising-based.”

Parrish said Facebook could choose to offer marketers “a richer insight about the customers,” or improve the “connection” between users and marketers. “It isn’t just about sticking ads in the news feed. If anybody is going to innovate around a product like that, I think that Facebook is a contender.”

But Baker said that for Facebook, there is no sense of urgency in finding a mobile strategy. “The company has a reasonable revenue stream, they’ve got an enormous base to monetize this, and then they’re going to reap a huge amount of money with the IPO,” he said.

“I think they’re going to be very cautious about it. They can take as much time as they want.”

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