Posts Tagged ‘money’
Facebook Co-Founder Renounces Citizenship, Will Avoid Massive IPO Tax Bill
Uncle Sam was all set to collect around $600 million from Brazilian Eduardo Saverin, the other co-founder of Facebook who will make another fortune off of the world’s most popular social playground when it makes its initial public offering (IPO) on Friday. But rather than fork over all that money, Saverin decided to renounce his U.S. citizenship, a process he began back in September 2011.
According to a BBC News report, Saverin has been living in Singapore since 2009, and that’s where he’ll become an official citizen. As his spokesman succinctly put it, Saverin “found it more practical to become a resident of Singapore since he plans to live there for an indefinite period of time.” The allure of not having to pay $600 million in taxes undoubtedly played a role in that decision as well, as it’s been long known that Mark Zuckerberg and Co. planned to take Facebook public.
When Facebook does file an IPO, it will attempt to raise $10.6 billion, which would be the most ever for a technology firm. It would also value the site at almost $100 billion. Saverin currently holds a 4 percent stake in Facebook, according to BBC News.
Adobe launches Photoshop CS6 at 17.58
Without doubt, Photoshop is the most popular pixel manipulation tool for anyone who makes (or aspires to make) money from images. Today, Adobe opens its street stall and lays out the latest version for download and purchase – but with a difference.
Tecnobitsdodges and burns its way to the front.
Alongside a range of under-the-bonnet changes that no one will ever really notice – and a bunch of user interface changes that we will all complain about – Adobe has actually packed some powerful, noticeable changes into its latest version, CS6.
Video editing is given more of a welcome in CS6 and retouching has been enhanced in several ways (by making the software itself more ‘content aware’).
Looking at the success of 3rd party tools, Adobe has also included a more powerful correction system for lenses etc in CS6 – which will be welcomed by Nikon and Canon lovers everywhere.
More importantly, the Mercury Graphics Engine that lies at the heart of CS6 will now have a much more open approach to GPGPU – using AMD Radeon cards as well as the existing support for CUDA-enabled GeForce products.
Last, but by no means least, Adobe has decided to give people a different way of buying.
With CS6, you can buy the product for use ‘one month at a time’ for just £17.58 – which is an incredibly useful feature, especially if you’re running projects that – from time to time – need more personnel.
We tried the purchase system just before hitting ‘Go’ on this article, but while the sales pages were all full of love and ‘£’ for the UK customer, as soon as you actually tried to make a purchase – you were directed to a US site in dollars that did not want UK customers. Maybe someone in the Adobe web team needs to apply the ‘heal’ tool to the store.
Looking at CS6 compared to CS5.5 might not seem such a leap, but if you're using an older version – the arguments for upgrading are compelling. Especially if you use a Radeon graphic card.
Comment below or in the Tecnobitsforums.
Zuckerberg turns 28: half the age of the average CEO
Mark Zuckerberg, one of the world’s youngest multi billionaires has turned 28 today. He is exactly half the age of the average S&P 500 CEO, according to reports from executive search firm Spencer Stuart.
Even though he is only 28 years old, he has been the leader for Facebook now for the last 8 years, which is a year longer than the ‘average’ CEO, according to the same report.
Facebook are expected to start selling stock to the public for the first time and then being trading on the Nasdaq Stock Market on Friday. The company could be valued at close to $100 billion, meaning it would already be worth more than Ford, Disney and Kraft Foods. Some of the largest companies in the world.
Zuckerberg has been hugely successful since forming the company in 2004. It was known as “Thefacebook.com” back then and helped college students connect connect with each other online. A new concept at the time. It has grown in the last 9 years to support 900 million people worldwide. It is the leading social networking site.
Mark Zuckerberg: a very wealthy young man
Zuckerberg may be young, but he has proven good under pressure and has refused takeover deals from the likes of Yahoo Inc and Google Inc. He wrote a letter to prospective shareholders saying “Simply put: we don’t build services to make money; we make money to build better services, and we think this is a good way to build something. These days I think more and more people want to use services from companies that believe in something beyond simply maximizing profits.”
Chip sales rocket
One of the smartest things anyone can do is work less for more money. Conversely, one of the dumbest things we can do is work harder/faster for less and less. Unfortunately, this is the situation that the major producers are finding themselves in. Tecnobitsheads down to the local takeaway to check on the price and availability of chips.
Established in 1959, IHS is one of the more important research organisations into the energy, product lifecycle, environment, security and Technology/ Media/Telecoms industries. Its iSuppli acquisition produces key data about market sizes, directions and shares. The latest copy indicates some significant growth, but it might not be growth that many companies want to service.
2011 saw the dregs of the global recession dragging the world back. Even though products like the iPad penetrated harder and deeper than expectation, the overall market only grew 1% for chip revenues.
iSuppli is predicting that 2012 will see a rise of around 4.3% in 2012 and a whopping 9.3% in 2013. That is in line with predictions about overall system market growth that we have seen from experts like IDC’s Eszter Morvay.
The problem is that the underlying increase in product shipment is so fast, that almost no one finds this expansion interesting.
Comment below or in the Tecnobitsforums.



Buying Electronics is All About Timing
http://thewirecutter.com/2012/04/do…tuff-right-now/
This article talks about the timing of purchasing electronics – there’s always a cycle, and timing the cycle will get you the best products for your dollar. Sometimes that means buying at the end of a cycle, to save money, and other times it means holding off purchasing until the start of a new cycle so you can get the newest technology. Myself, I’m waiting for the release of the Panasonic VT50, a TV that was announced at CES to rave reviews. I’ve set aside money to make the purchase, and am patiently waiting for it to be released (should be any time now).
On the other hand, I per-ordered an HP Envy Spectre 14 the first week it was announced, knowing full well that Ivy Bridge would be coming out soon – I just wasn’t expecting it to happen within 60 days of me getting my new laptop (HP just announced two new Envy laptops). Ultimately the new Envy laptops don’t have the same screen resolution or features as mine, so my laptop wasn’t replaced, but at the back of my mind I do wonder if I mis-timed the purchase…