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Showing posts with the label A Social Network

"Apple Declares Death To All The Ports"

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Apple just announced its latest MacBook. It’s tiny. It makes the Macbook Air look like a Dell Inspiron circa 2002. But hopefully you’re not one of those jerks that actually uses the ports on the side of your computer. This MacBook only has a single USB-C and it does everything from charging, to sending video out and transporting data. It’s the only port on the computer meaning owners cannot charge the computer and an iPhone at the same time. It’s not possible to output video to a monitor and input data from an external drive — at least not without a hub. This single port was likely the byproduct of Apple’s quest to make the thinnest MacBook possible. Ports take a lot of room. Thanks to their physical structure, the female jack cannot be made that much smaller. This isn’t the first time Apple threw out industry standards. In 1998 Apple shocked the industry and didn’t include a floppy drive or serial ports in the iMac G3. Instead Apple included a CD-ROM an...

"A Social Network With No Members, but a $6 Billion Valuation"

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A screenshot of Introbiz.com, run by CNYK Technology. How can a social network that no one has ever heard of suddenly be valued at more than $6 billion? That’s what is happening with the one-time penny stock, Cynk Technology, which is up more than 100-fold since mid-June, bringing its market capitalization to more than $6 billion on Thursday. Yet the self-proclaimed social network has  no revenue, no product, no assets and one employee. If it’s true that there’s a sucker is born every minute, then many of them trade on the penny-stock market. As The Wall Street Journal  wrote this week , the world of penny stocks is “a historical haven for con men and hustlers that the FBI says is ‘rife with fraud.’” Cynk’s various securities filings from 2012 to 2013 read like a satirical article from The Onion. Let us count the red flags: – The company’s business plan is vague and poorly written , containing gems like: “Instead of paying for a lunch that neither party wa...