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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 12:50pm 8/19/15 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 11:00pm 8/18/15 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 1:43pm 8/05/15 1:43pm

The Fed's Cold War Bunker Had $4 Billion Cash For After The Apocalypse

New York and DC are piles of ash, but at least your checks are clearing. That was the idea behind the Culpeper Switch, a sprawling bunker built by the Federal Reserve to keep the banks running after nuclear apocalypse. But even some Cold War-era politicians thought it was silly. » 4/24/15 11:56am 4/24/15 11:56am

Neat animation shows what European coins looked like before the Euro

The German Mark. Lithuanian Litas. Estonian Kroon. Irish Pound. Slovenian Tolar. Portuguese Escudo. Greek Drachma. Slovak Koruna. Maltese Lira. Finnish Markka. Dutch Guilder. Spanish Peseta. Luxembourgish Franc. Belgian Franc. Italian Lira. Cypriot Pound. Austrian Schilling. French Franc. Latvian Lats. All got… » 4/08/15 9:36pm 4/08/15 9:36pm

Withdrawing Cash With a Smartphone Could Beat The Card Skimmers

The U.S. loses more money to card fraud than the rest of the world combined — something that's mostly down to the magnetic stripes that make our cards incredibly hackable. Although more secure technologies are coming, they'll require time and money to adopt. But one kindly Canadian bank has a secure system that only… » 3/15/15 11:00pm 3/15/15 11:00pm