Ever wonder how your favorite tech companies, apps, services or social networks like Facebook and Twitter actually make money? Do they even make a profit? This cool HTML5 optimized page by RCS See Interactive answers that very question. It gathers up all of that info and breaks it down into categories in a cool interactive way. It lets you know which companies make money from advertising, subscriptions, lead generation, selling your data (yep, that happens a lot!), freemium models, and royalties. Go check it out! Tap any circle and what you find may surprise you.
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While browsing through Quora yesterday, I came across a question titled "Why did Steve Jobs choose not to effectively treat his cancer?" As someone who was deeply saddened by the death of Steve Jobs, I stopped and clicked to give it a read. If you're unfamiliar, Quora is a site that lets anyone ask a question, and anyone else can answer those questions. It works pretty well. The best answers get voted up by the community. As of this writing, there's an answer that has over 500 votes, written by Ramzi Amri, a surgical oncologist and Harvard medical faculty member. And it's chilling to read.
In a nutshell, Amri states that in his expert opinion, had Steve Jobs chosen to treat his pancreatic cancer using traditional methods from the get-go, he would likely have made a full recovery due to the type of cancer he had. Instead, Steve decided to undergo all sorts of alternative treatment options before opting for conventional medicine, and "it seems sound to assume that Mr. Jobs' choice for alternative medicine could have led to an unnecessary early death."
The post goes on to explain, in remarkably undertandable detail, the type of cancer that Jobs had, how it could have been treated, and why it would likely have been a success. It also talks about what happened instead due to Steve waiting and putting off traditional treatment.
Now, we aren't doctors (nor do we play them on TV,) but if true, we can say that it's a damn shame that the reason for the loss of Steve Jobs at the early age of 56 may have been avoided simply by making the decision to go with the traditional (highly successful) treatment for his condition. Of course, how we are all taken care of is our own personal choice, a choice that Steve himself had as well, but that makes it no less difficult to fathom.
Over the last few years, Apple has stockpiled cash in such huge amounts that investors often question Apple about its strategy of keeping so much money around. When asked about it, Steve Jobs and team always points out that the market is unstable and they need to have cash in place for good times and bad, as well as have money available for major acquisitions, as part of its growth strategy.
And even though this answer normally keeps its investors at bay, as Apple continues to grow its cash reserves, which currently sits somewhere around $70 billion, investors and media alike continue to tell Apple that perhaps it's time to release a dividend to shareholders. But Apple is steadfast about its position. An interesting post from an anonymous writer on Quora recently shared a fascinating view of why Apple keeps so much cash around.