Thursday, March 20, 2014

Candy Crush company founder left $1 billion on the table

          The game, candy crush, has become very popular in the past few years. In 2003 co-founder of the game, Toby Rowland, did not believe the game would be a success. In 2011 he then cashed out his stake in the company for just under $3.1 million dollars. Since that time the game has rapidly increased in value. It is among the most well know games world-wide. Today, the game is worth $7.6 billion, which would've made his share in the company worth over $966 million. The game averages 93 million players a day. It is very popular among social media sites such as Facebook. When Rowland was questioned about why he did not think the game would succeed, he did not reply.


http://money.cnn.com/2014/03/17/technology/social/candy-crush-ipo/index.html?iid=SF_T_Lead

Thursday, March 13, 2014

The Hidden Costs of a Minimum Wage Hike

In the future as states, cities, and the government raise their minimum wage, workers taxes increase. "The minimum wage increase is not just the dollar an hour, but it's also a raise in our taxes," said Jason Lerner of Little Learner Academy. In New Jersey the minimum wage rose from $7.25 to $8.25 on Jan. 1. This adds an extra 10.5% of taxes from the pay of workers and local businesses. Although this will affect workers and their pay, businesses say that it will not have a large affect on them.


http://money.cnn.com/2014/01/22/smallbusiness/minimum-wage-taxes/index.html?iid=SF_E_River

Thursday, March 6, 2014

Apple's CarPlay draws safety criticism

"Apple is making it easier than ever to use your iPhone in the car. Some auto safety experts think that's not such a good idea." The new CarPlay system from Apple allows drivers to make hands-free calls, dictate text messages and many other iPhone functions. This can very useful, but it also serves as a large distraction to drivers. David Teater, senior director at the nonprofit National Safety Council, says they are very concerned about the auto industry and the consumer electronics industry overlapping and allowing drivers to do many things other then driving. Although it is a hands free operating system, research has shown that it can be just as dangerous as holding a phone while driving. "The idea that people want to be on their phones, and therefore let's give them a way to do that -- that's not putting safety first, that's putting convenience and the desire to be in touch first," says Bruce Hamilton, manager of research and communications at the AAA Foundation for Traffic Safety. I agree that both can be dangerous but I also think it can benefit many people if you are responsible and use it for the right reasons.

http://money.cnn.com/2014/03/05/technology/mobile/apple-carplay/index.html?iid=H_T_News