Reddit – a popular social media and discussion board – has created significant waves after announcing an intention to charge for access to its API. The Reddit API is used by other developers to create automation, programs, and, most importantly, 3rd party clients. This announcement has led to widespread outrage on Reddit. In this post, I’ll review why Reddit is charging for their API what it’s doing especially ahead of it’s upcoming IPO.
Non profits using QuickBooks Online (QBO) face setting up a chart of accounts as one of their first tasks. While QBO provides a chart of accounts (CoA) target out of the box for non-profits, it needs […]
Non Profits are usually funded through individual donations or grants. Grants are usually larger sized funds and require grant budgeting and careful accounting to show how the granted funds were planned for and used. With QuickBooks […]
Nonprofits are required by the IRS to provide a breakdown of their functional expenses in their yearly 990. Learn how to create this breakdown in QuickBooks Online.
Many people routinely show gratitude by saying “thank you” or “good work” or “nice job” to a colleague or staff member who has completed a task. After all, it’s good to be polite. While that’s a good start, saying “Thanks” doesn’t go far enough.
I regularly read or listen to business books as assigned reading at work and for personal development. As my time has been limited recently, I’ve been reaching for the cheating method – reading an online abstract […]
Our previous article on the banking crisis looked at Silicon Valley Bank’s (SVB) 2022 10-K to determine the reason for their failure. Our analysis revealed that the bank’s customers had fewer deposits, and its debt portfolio […]
Silicon Valley Bank has entered into FDIC receivership and has for all intents and purposes failed. Here, I argue that SVB failed due to a failure to respond to rising interest rates that impacted both their […]
Vulnerabilities in DeFi contracts led to 44 separate incidents of eye watering losses in 2022. Read about the top four classes of vulnerabilities.
The crypto winter is upon us again. The prices of the primary DeFi building blocks, Bitcoin and Ethereum, have dropped by 70% and 78% respectively since highs in November of 2021. Moreover, we’ve witnessed the spectacular implosion of Luna – a ‘stable’ coin that was pegged to the US Dollar via financial and algorithmic trickery. While much of the rise in 2020 and subsequent fall in crypto prices track with the massive cash injections into the world economy, crypto has shown little resilience in the face of the downward pressure. Investors in crypto/DeFi startups are realizing that crypto still has three fundamental problems that make it unattractive. Until these problems are solved, the crypto winter will continue.