Donald Trump Explains Apple’s Stock Dip

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Noted Apple analyst and Birther Movement enthusiast Donald Trump has taken to Twitter, voicing his concerns over Apple’s lack of “vision” and “momentum”. On the heels of yesterday’s earnings report, which included record iPhone and iPad sales, Apple’s stock dropped about 8 percent in after-hours trading.

Why? According to Trump, because the iPhone needs a large-screen option.

This is coming from the same guy who plastered his face all over a Trump-infused version of the Monopoly board game, featuring now bankrupt Trump properties on every square, and somehow failed to sell such a gem to children.

This is the same guy who has failed at 19 businesses in almost as many years, many of which have been given debt relief on the grounds that Trump can no longer be in charge of running them.

Despite selling a record number of iPhones (51 million), Apple missed expectations by a few million units. The iPhone 5c, meanwhile, didn’t perform the way the company had expected.

In short, growth has slowed but Apple, as a hardware manufacturer, is still blowing it out of the water. iPhone sales are still up almost 7 percent from last year. And $13.1 billion in profit in one quarter isn’t something to sneeze at.

Remember, Apple’s stock has dropped the day after quarterly earnings for every earnings report, ever. This happens for a number of reasons — analyst concern over certain markets being saturated, analyst concern over competition in emerging markets, analyst concern over generally slowed growth.

Donald Trump, an analyst in his own right, explained with Tarzanian eloquence his own reasoning for the stock dip.

The good news, for Don, is that Apple is rumored to be working on two larger screen iPhones, at 4.5-inches and 5-inches

TWITTER:  “Apple’s iPhone sales fell way short-they must go to a larger screen, as alternative, fast (as I said long ago)! Samsung’s size much better.” @realDonaldTrump

TWITTER:  “I predicted Apple’s stock fall based on their dumb refusal to give the option of a larger iPhone screen like Samsung. I sold my Apple stock” @realDonaldTrump

Fast Facts on Bitcoin

14 items and a few actions to help you understand this important digital shift

In the spring of 2011, I read a story on Slashdot about Bitcoin, described as an “untraceable, un-hackable” digital currency predicted to be outlawed by the world’s governments. My interest piqued, I tried Bitcoin, investigated its mechanics, and was convinced that we were on the cusp of a major digital shift.

Like most ideas which emerge from the internet’s long tail of innovation, Bitcoin was originally fetishized by a number of digital/crypto/techno enthusiasts (like me). Inevitably as its various utilities became more clearly understood, speculators have driven the value of the currency through the roof (although its been a bumpy ride.) Bitcoin is no longer in the fringes of society, it — or the concepts underpinning it — are here to stay.

Related to my work at Undercurrent helping large organizations cope with digital change — adopting a Responsive O/S —  I’ve written the following to build an understanding what Bitcoin is, why it matters, and where it — and related concepts — may be heading.

What is Bitcoin?

1. Bitcoin is a digital bearer instrument: a way to exchange value between untrusted parties over an insecure network.

2. Bitcoin has no central bank or clearing house, instead parties transact Bitcoins using a decentralized ledger. When you purchase Bitcoins using an exchange — say, trading dollars for Bitcoins — you are purchasing entries on the ledger.

3. Parties store Bitcoins in a Bitcoin wallet. Wallets generate their own identity, a string of numbers similar to an account number. Parties may create any number of wallets. Since wallets can be self-created and parties exchange value using only a wallet’s identification number, transactions are essentially anonymous. A wallet may be provided by an application or on-line service.

4. New Bitcoins are created by miners, a process where new entries on the Bitcoin ledger are “discovered” by solving difficult cryptographic problems. The reward for solving these problems decreases with time in accordance with Moore’s Law (a assertion that computing power roughly doubles every two years) and thus governs the rate of inflation in the network. Mining also maintains the integrity of the decentralized ledger. The Bitcoin ledger is designed not to exceed 21 million coins.

5. Nobody knows who created Bitcoin. The concept for Bitcoin was first described by Wei Dai on the cypherpunks mailing list. The first implementation was published in 2009 by Satoshi Nakamoto — a pseudonym — on a cryptography mailing list.

Why is it Significant?

  1. Bitcoin represents a tremendous societal shift: it enables a near anonymous exchange of value over the internet, a purely digital currency, without a central bank or governing authority. As a society, we are only just beginning to understand its ramifications.

It speaks to the power of digital ideas to re-write the rules beyond how consumers interact, but how they can change the fundamental shape of things like money.

2. Bitcoin renders certain kinds of payment fraud obsolete. Since the receiver of a Bitcoin payment does not get any information from the sender that can be used to steal Bitcoins from the sender in the future; stealing 70 million items of personal credit information from Target’s retail operations would be impossible. There wouldn’t be any information to steal.

3. No payment fees when compared to traditional transaction processing make Bitcoin attractive to online retailers. Chris Dixon, partner at Andreessen Horowitz, illustrates:

Let’s say you sell electronics online. Profit margins in those businesses are usually under 5 percent, which means conventional 2.5 percent payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers or taxed by the government. Of all of those choices, handing 2.5 percent to banks to move bits around the Internet is the worst possible choice.

Future Trends to Watch

1. Increasing adoption by both on-line and traditional vendors: Marc Andreessen makes a powerful case for Bitcoin in the physical world:

You fill your cart and go to the checkout station like you do now. But instead of handing over your credit card to pay, you pull out your smartphone and take a snapshot of a QR code displayed by the cash register. The QR code contains all the information required for you to send Bitcoin to Target, including the amount. You click “Confirm” on your phone and the transaction is done (including converting dollars from your account into Bitcoin, if you did not own any Bitcoin).

2. Increasing pace of innovation surrounding Bitcoin: new incubators housing inventive new start-ups such as CoinLab in Seattle, BitcoinEAST in Japan, and Seedcoin — a virtual incubator backed by Havelock investments.

3. Increasing public adoption: Congressman Steve Stockman (R-TX) carried a giant QR code with his Bitcoin wallet id accepting donations for his 2014 campaign at the opening of the BitcoinNYC community

4. Increasing speculation of alternative currencies: adoption, innovation, and understanding surrounding alternative digital currencies such as Namecoin, Litecoin, PPCoin, Mastercoin, and others.

5. New vocabulary: as BitCoin’s value skyrockets, BTC$0.001 is colloquially referred to as “1 millibit,” worth about USD$1 at the time of writing.

6. Risks: BitCoin’s value rests upon the volume and velocity of payments running through its ledger and speculation on its future value. Its value could be undermined by flaw discovered in its underlying algorithms, complexities in scaling its distributed ledger, disruptive leaps in computing power (such as Quantum computing), or the effects of scarcity when all 21 million BitCoins have been mined into existence.

In Conclusion

Bitcoin points directly at the underlying need and demand for the anonymity of transactions, the desire for a digital equivalent of cash. It also illustrates how quickly a technology can become a speculative market.

Most importantly it speaks to the power of digital ideas to re-write the rules beyond how consumers interact, but how they can change the fundamental shape of things like money.

There is no substitute for the knowledge gained by doing: try Bitcoin. Open an account on an exchange such as Mt. Gox. Use a wallet service or like Coinbase or download a wallet application. Spend some coin; maybe it’s time for a new shirt from

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Challenges keep me interested in college

There are many things in life which can influence a person. My college life was boring until the event. It was the first event organized by me.

Six months ago, I was back in college after a long year of drop. I had no interest to be in the college. I wanted to do something — something which can keep me interested in college— challenging.

Challenges are what make life interesting and overcoming them is what makes life meaningful — Joshua J. Marine

In drop’s year, I came to know about ACM-ICPC competition. Its one of the most popular programming competition. I thought of having such kind of competition in college. I discussed this idea with my friend and he become my partner for organizing competition.

We were two programmers who had no experience of organizing an event before. Also in my college — even though its an engineering college — this was the first time of having such kind of a programming competition.

We two geeks discussed this idea with the head of our computer department. He was a nice HOD, who was willing to welcome new ideas. Then we met the principal of the college and he also welcomed our idea.

Once getting support from our teacher, we guys started working on our plan — Building a team to prepare for and organize the competition. But it was not an easy thing to get sponsors, create questions with many test cases, do publicity and get participants — not only from our college but from outside as well.

Do One Thing A Day That Scares You

We were doing marketing, programming and management. It is tough task to manage people. The only form of marketing we were familiar with was — online social media marketing. And that too only on facebook.

I created an online registration facility on my website (not active now). We used to post on facebook and hoped to have hundreds of registrations.

Even though we were good at programming and OK at marketing, we had zero experience in getting sponsorship. Luckily, one guy asked about being title sponsor of the event on our facebook page. I did not even know what ‘title sponsor’ meant.

“Luck?” Drizzt replied. “Perhaps. But more often, I dare to say, luck is simply the advantage a true warrior gains in executing the correct course of action.” ― R.A. Salvatore, The Halfling’s Gem

The correct course of action in this case was those random posts on facebook. Even though doing random posting on social media is not correct way of marketing, we were doing it through out the day, every day.

Before three days of programming competition, we were doing good at marketing and publicity. But we had prepared only two questions. Our aim was to make 8 questions with at least 15 test cases each.

The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed. — Eminem

On the day of event, my friend and I were ready with one sponsor cum speaker and 5 questions with 5 test cases each.

Event was not as per plan but successful enough to have a mark in history of my college. We guys created a history in college. That was the moment where I was feeling proud of doing something unique and unforgettable.

we are here to make a dent in the universe

Now we are going from an event to a committee. Taking the next step of the challenge, this will keep me interested in college for next semester.

This was my first post on medium. if you enjoyed it, please share and ‘recommend’.

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Twitter Mobile Update Bubbles Trending Events To The Top Of The Timeline, Adds Photo Editing

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Twitter has just released an update to its Android client (coming soon to iOS) that brings new photo editing tools to the service, which are likely meant to make it easier to share photos direct and keep people out of competitive apps like Instagram. The second change adds a significant element of event discovery and real-time trend monitoring to user timelines.

The event surfacing is the more interesting element, since it marks a considerable attempt by Twitter to meddle with the straightforward chronological nature of that part of its service (besides promoted content). In case a user doesn’t have any new tweets to load when you manually update it, it now brings up recommended posts from people you don’t follow, as well as trending topics and suggestions about new people to follow. In the U.S. only, it surfaces event updates for things unfolding on TV, in sports and on the news.

Each content update features a link to click through for more tweets centered on that conversation. It’s an extension of some of the other work Twitter has been doing around surfacing events and breaking news, including the Eventparrot experiment and a feature that was tested back in August to highlight nearby events via proximity-based alerts.

A couple of things to flag about this change: It only happens when there’s no other new content for a user to view, and when they express a desire for more content, which is very clever; and it represents a way for Twitter to secure its place as the source of live, real-time information about things unfolding on the ground, a reputation that Facebook clearly covets.

Others are already capitalizing on Twitter’s ability to identify and follow events as they unfold, including Banjo, but Twitter adding this as a native feature in its mobile clients could change the nature of the service at a basic level. Should it roll out globally, and expand its scope, mobile users could be using Twitter a lot more for things like local discovery than they had been previously.