Covestor , a social investing site where people share the performance of their real stock portfolios, came out of private beta this morning. Now anyone can join, and it is welcoming voyeurs who only want to watch other’s performance but not share their own. This should broaden the appeal of the site and provide a no-commitment entry point for people who may be uncomfortable with sharing their personal financial data on the Web (i.e., most of the population). President and co-founder Perry Blacher explains the company’s approach:
It was always in our plans. We had a Catch 22 up front where we had to create liquidity of leaders and so couldn’t start off by saying “Come and track the best investors you have never heard of,” because there would have been no one in the room.
We decided to start off by creating a high-barrier-to-entry community where you had to share to participate to build the base. The long term objective is really about bu...
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This has been a brutal month or so for tech layoffs. According to our Layoff Tracker, there have been 19,683 job eliminations at tech companies announced since mid-September, and we’re not even counting the 24,600 people at Hewlett-Packard who are being eliminated as a result of its merger with EDS.
But only five big companies make up more than 90 percent of the layoffs: Xerox (3,000), Dell (8,900), Yahoo (1,500), eBay (1,500), and German chipmaker Qimonda (3,000). The other 3... more
401k Match From: beta.dailymotion.com Post Date: 2008-11-06 00:09:17
http://www.cakefinancial.com You may not be the only one contributing to your 401(k) plan, thanks to employer matches. What does that mean? Simply that your employer might match part or all of your 401(k) plan contributions. For example, your employer might match 100% of the first 4% you contribute and 50% of the second 2% you contribute. That can really add up. Let’s say you make $100,000 pear year and contribute 10% to your 401(k) plan. That makes your annual contribution is $10,... more
401k Regulations From: preprod.dailymotion.com Post Date: 2008-11-11 23:52:40
http://www.cakefinancial.com Congress authorized the creation of 401(k) plans in 1981, and today they’re governed by the U.S. Department of Labor. Although the government sets general regulations for 401(k) plans, plan administrators and employers may follow these regulations in a variety of ways. For example, regulations allow 401(k) plans to permit hardship withdrawals, but 401(k) plans don’t have to do so. Employers can also match your plan contributions in varying amounts,... more
Yahoo, in the midst of a fight to remain independent, is granting “golden handcuff” stock options to key employees. The stock options are given to “key contributors” among the rank and file - senior executives are not eligible.
These stock option grants are on top of the previously announced changes to Yahoo’s severance plans. That provided for accelerated vesting of employee stock options and severance pay following a change in control (an acquisition b... more
Advertising network Glam is putting an end to at least some of its guaranteed payments to publishers, just a month after raising an $85 million round of financing.
Scott Swanson, Glam’s GM and Vice President, told publishers in an email (full text below) that “house ads” that were served for unsold inventory were being discontinued as of March 25, except to fulfill “minimum commitments that Glam has contractually agreed to.”
The email says the ch... more
As we noted two days ago , Google is taking its home page black in support of Earth Hour .
We criticized Google when we first posted about this because, it turns out, black web pages actually may use more power than white ones (based on a study that Google itself cited last year). So Google is, ironically, causing people who visit their site to use more power to celebrate Earth Hour than they would on a normal day.
Google changed its message to users to note the disparity ... more
FriendFeed released their API just a few days ago, but third party developers are already scrambling to build on top of the service.
We just heard that Howard Baines will be releasing an Adobe AIR application for FriendFeed in the next week or so. So far all we have is the screen shot and a confirmation from Baines that his team is working on it. The application will be called Alert Thingy (I assume the site will be here ).
If this is anything like Twhirl , an AIR applicat... more
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