Category: money

Facebook Made $1 Billion profit in 2011

In 2004 at the advent of Facebook Mark Zuckerberg refused to monetize the site. As Facebook started raising money they began to advertise in their own style. Still, the most popular site in the world was the subject of concern over whether it could really make money. They did. They made $3.7 billion which led to a 2011 profit of $1 billion. It’s not...

Obama 2012 To Take Payments Using iphones

Jack Dorsey, the founder and Chairman of Twitter must feel pretty good today. His next creation, Square, of which he is now the CEO has been adopted by Obama For America. For those of you who don’t know Square, Square is a mobile payment company with an unusual business model. Square gives out tiny white “Squares” that attach to the iphone/ipad/Android device through the headphone jack,...