Snapchat Lost a Ton of Money Last Year

In 2013, teenage attention-pit Snapchat turned down a $3 billion buyout offer from Facebook, which is only not an insane and arrogant decision if you’re going to reap so much profit that you’re eventually worth more than that. Internal financial documents obtained by Gawker show Snapchat was very far from profitable… »8/19/15 12:50pm8/19/15 12:50pm

Watch a $50 bill get rubbed off to reveal a $10 bill

If all the numbers say it’s a 50 dollar bill and it feels like a 50 dollar bill... it still might not be a 50 dollar bill. This counterfeit $50 is actually hiding its true self: a 10 dollar bill. And it’s doing a good job too! Since it’s likely that most people’s over trusting eyes would just see the 50 and assume… »8/18/15 11:00pm8/18/15 11:00pm

Here Are the Internal Documents that Prove Uber Is a Money Loser

Uber, Silicon Valley’s prized amoral unicorn, is presumed to be a financial titan and a sure-thing IPO in the near future. Which may be true. But one thing that’s frequently missing from the conversation about its inevitable dominance over virtually every facet of our lives is the answer to a fundamental question:… »8/05/15 1:43pm8/05/15 1:43pm