All Posts Tagged With: "cash"
Social networking site Facebook finally sees some profits.
Jennifer McClelland | RSS | Wed, Sep 16 2009 | 6 Comments
Facebook has been operating in the red since the beginning of the company just a handful of years ago. Today it was reported that the company is finally beginning to have profitable operations and that according to CEO Mark Zuckerberg, the company is now cash flow positive and has been since the second quarter.
From the Facebook Blog as posted by Zuckerberg:
“We’re also succeeding at building Facebook in a sustainable way. Earlier this year, we said we expected to be cash flow positive sometime in 2010, and I’m pleased to share that we achieved this milestone last quarter. This is important to us because it sets Facebook up to be a strong independent service for the long term.
Over time, Facebook will continue to be as strong as all of the connections you make. We’ll continue building new and better things to make connecting with the people you care about as easy and rewarding as possible. We thank all of you for helping us reach the point where we are connecting 300 million people, and we hope to serve you and many more people in increasingly deep and innovative ways in the months and years ahead.”
In a previous release from Facebook, the company was not expected to be cash flow positive until sometime in 2010, so seeing profits in the second quarter 2009 is a welcomed surprise.
Facebook also boasts more than 300 million users all across the world.
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Tags: cash, facebook, social networking
Today’s Ebook – Taking Control of Your Finances
Chris McClelland | RSS | Tue, Jul 28 2009 | 0 CommentsToday’s featured e-book download is Taking Control of Your Finances (1.3 MB, 12 pg) – Contains some common and not so common knowledge from the FDIC about managing your money. Even though some of the information is somewhat dated, it still contains advice that holds true to this day.
What you can learn from this booklet
Another handy guide from the FDIC that’s geared toward young adults from those still in school to just starting a career or a family. Learn the right ways to save and manage money, and how to avoid some common mistakes people make with their cash flow.
To download this e-book, or any of our current e-books, please visit the ebook page where you may choose the e-book(s) you wish to download. *Download an e-book by clicking on it’s title.*
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Tags: managing your money, download book, information
NBC sells out Superbowl ads
Jennifer McClelland | RSS | Sat, Jan 31 2009 | 0 CommentsThe Superbowl this year will feature ads from fan favorites like Budweiser as well as questionable newcomers like Cash4Gold (yea, the same that advertises on late night cable).
Today, NBC said that it had sold all 69 ad spots for tomorrow’s “big game” for a record $206 million. The ads this year sold for between $2.4 and $3 million for a 30 second spot.
If you are more interested in the ads than you are the game and you’d rather not spend the 4 hours in front of the TV waiting for commercials, you can catch them online at NBC.com and Hulu.com after the game.
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Tags: commercials, superbowl, cash
Congress clears 2nd half of bailout
Jennifer McClelland | RSS | Fri, Jan 16 2009 | 0 CommentsIn a show of solidarity behind the President-elect, Congress voted for infusing the financial system with the remaining $350 billion just two days after Obama asked them to.
From the AP:
Congress laid the foundation for President-elect Barack Obama’s economic recovery plan on Thursday with remarkable speed, clearing the way for a new infusion of bailout cash for the financial industry while majority Democrats proposed spending increases and tax cuts totaling a whopping $825 billion.
Obama has said that he wants the rest of the bailout money to go to troubled mortgages and “main street” like he promised in his campaign.
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Tags: msnbc, obama, spending
Bailed out bank executives are getting away with your money: $1.6 billion of it.
Jennifer McClelland | RSS | Sun, Dec 21 2008 | 0 CommentsIt turns out that some of the executives for bailed out financial companies are still getting those “oh so coveted” bonuses. $1.6 billion dollars in bonuses that not only include cash compensation, but also stock options, personal use of company jets and chauffeurs, home security, country club memberships and professional money management. If only we could all have professional money management services, perhaps the economic problem we’re having now wouldn’t exist.
When I was reading about this on other blogs, a comment said that you shouldn’t blame someone for working hard and being rewarded well for it…not to criticize the executives for compensating themselves with such lavish rewards. I think that is a giant load of hooey. These executives should only be rewarded if they have actually done well, and in my opinion, having to take tax payer dollars to keep their business afloat is NOT doing well.
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Tags: stock options, company, blog
