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Social Lending
Wall Street Journal:
Ukraine's president approved an increase in social spending that will balloon the government deficit, a move that will likely lead to a suspension of IMF lending to the country. (Read More)
TechCrunch:
[Germany] Every financial crisis has its loosers, but it also has its winners. In Germany it is the “social lending” online platform Smava. Not only has Germany’s leading consumer safety group Stiftung Warentest recommended t (Read More)
readwriteweb:
When Facebook first welcomed 3rd party applications, Lending Club caused a stir with its peer-to-peer money exchange. While others like Prosper had paved the way for small online loans, only Lending Club dared to integrate it (Read More)
paidContent.org:
Lending more credence to reports that Facebook has a universal virtual payment platform in the works, is news that coin-counting machine company Coinstar will start selling prepaid online game cards this summer— including car (Read More)
paidContent.org:
That's according to a report on WSJ that just came out. Rumors of Facebook taking in more money have been circulating for a while now, and now seems it may happen: Digital Sky Technologies, a Russian online investment group, (Read More)
paidContent.org:
Facebook is in the process of wrapping up a $150 million financing as it seeks to buy back stock from hundreds of its employees, Venturebeat reports, citing unidentified sources. This latest round comes a year after the soci (Read More)
CenterNetworks:
Social lending company Prosper has announced that they have resumed lending beginning today. Prosper CEO Chris Larsen has a blog post explaining the changes that are part of the updated offering.From the release, “The Califor (Read More)
ReadWriteWeb:
Facebook is a phenomenal success (at growing its network of users) and a miserable failure (at making money). Its attempts to make money have been mired in the Madison Avenue school of selling mass market stuff to consumers. (Read More)
paidContent.org:
Facebook has raised $500 million so far, but with costs mounting and ad-revenue growth slowing, that's not enough. BusinessWeek reports that the social-networking site is looking for credit lines of up to $100 million to fina (Read More)
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