It looks like the brouhaha surrounding social-app moneymaker Offerpal Media is bigger than founder Anu Shukla's "sh*t, double sh*t, and bullsh*t" response to the accusation that its business is built on scamming consumers. It's got upcoming developments in two lawsuits, one in which it's the plaintiff and one in which Shukla is a defendant.VentureBeat's Dean Takahashi reported Thursday that a lawsuit was filed in an Alameda County, Calif., superior court against Shukla and co-founder Michael Liu on behalf of Kevin Halpern, who alleges that he helped found the company and … Read more
BS1 Enterprise Accounting provides a simple way to view many aspects of small business accounting. While the program was easy to use and effective, it lacks added accounting tools its free cousin provides.
We were initially surprised to find this program's interface consisted primarily of a desktop toolbar. However, the Help file's tutorial showed us that this was actually a benefit to keep things simple, and we agreed. With this toolbar we cycled through various accounting departments like Accounts Payable and Receivable, Accounts, Sales, and Inventory. Each was organized in a pop-up window with a grid outlining each … Read more
Real Time Desktop Currency Converter is a basic currency conversion program that allows users to convert between numerous different currencies. The program is short on features but is great for quick, real-time conversions.
The program's interface is attractive, uncluttered, and couldn't be simpler. Using drop-down menus, users select the two currencies they wish to convert from among 51 choices. Users enter the amount of the original currency, click Convert, and the program shows the conversion. The program also shows the conversion rate and the change from the previous day. And that's it. This converter is pretty bare … Read more
Euro Calculator is a fast currency calculator that doesn't really separate itself from the myriad free online calculators. The program does its job well, but we were left wondering why users should choose it.
The program's interface will be fairly familiar to anyone who's used a computer calculator before. The program is organized the same, but with two data lines. Changing currencies takes a little experimentation or a brief trip to the Help file, but not too much work. Users simply input an amount of euros in the main data line or enter a math equation, then … Read more
Facebook posted a set of small announcements on its developer blog Wednesday, most notably a call for alpha testers for the virtual currency platform that it's finally launching after much speculation.
"We are currently conducting an alpha test in which select applications can accept Facebook Credits from users," the post wrote. "Our 250 million users can now buy Facebook Credits in 15 currencies and we believe that, as Facebook Credits become more broadly available on Platform, they will meaningfully improve developer monetization and provide a great experience for users."
Interested developers are encouraged to contact … Read more
China has unveiled the first official rule on the use of virtual currency in the trade of real goods and services to limit possible impact on the real financial system. The Chinese government also spelled out the definition of "virtual currency" for the first time, which includes prepaid cards of cybergames, according to a joint announcement from the Ministry of Culture and the Ministry of Commerce Friday. It said:
The virtual currency, which is converted into real money at a certain exchange rate, will only be allowed to trade in virtual goods and services provided by its issuer, not real goods and services.
The ban is primarily aimed at "gold farming," an Internet-age phenomenon in which players in less developed countries collect and sell virtual gold (common to games like World of Warcraft) to wealthier gamers in the developed world. This enables gamers who have the means to buy virtual gold to get ahead in the games without actually having to accomplish the grunt work.
The trading of virtual currency for real cash generates between $200 million and $1 billion annually, according to a 2008 survey conducted by Richard Heeks at the University of Manchester. … Read more
It might be Facebook's worst-kept secret.
It's become increasingly clear in recent weeks that Facebook is finally inching toward the launch of a micropayment platform. The social site has been expanding the presence of its virtual currency, which Facebook debuted last November when it changed the monetary units for its "Gifts" product into "credits" rather than U.S. dollars.
Credits are now bundled with some promotional items in the Gifts app. And soon, select developers on the Facebook Platform will be able to start working "credits" into their own applications, in a … Read more
9-Toolbox is a collection of ten calculators, converters, and other mini-tools (nine tools plus one bonus) that can help you with everything from divvying up a restaurant bill to measuring an incline while you're rappelling down an icy precipice.
9-Toolbox provides a utilitarian but surprisingly friendly interface for each of its tools, which include a Currency Converter (straightforward and automatically updating), Date Calc (to help you track the distance between dates), Days Until (a simple countdown tool), Holidays (major holidays by year for seven countries), Inclinometer (a flexible leveling tool with results in degrees, slope, and pitch), Loan (lets … Read more
You'd think, based on what the blogosphere is saying about dual sets of numbers in Advertising Age and VentureBeat, that Facebook has a new reason to freak out about revenues. Namely, signs point to the fact that the third-party developer platform that Facebook launched two years ago now collectively makes more money than the social network itself.
Well, of course it does.
From some of the headlines, you'd think that it were some sort of Silicon Valley equivalent of humans creating robots that eventually outstrip them in intelligence. While it's sort of amusing to think about Facebook … Read more
On Tuesday night, a Los Angeles Times blog post pointed to an soundbite that Facebook "gaming guru" Gareth Davis produced at the GamesBeat conference in San Francisco: that the company is "looking at" offering a virtual currency to developers. The virtual goods industry, the article notes, is a $1.5 billion behemoth.
This would mean that games and other apps with a presence on Facebook could use a universal "Facebook currency" that would not only be interoperable between apps, it could also line Facebook's pockets with some extra cash. But Davis' language ("… Read more