Business, Enterprise, , News

Facebook Bank: Introduces Micro Payments up to $10,000

If we remove the borders on this planet, the number of Facebook netizens would place it as the largest country in the world. With over 1.44 billion users, it is larger than China (1.39 billion) or India (1.25 billion). As the Facebook platform matured over time, the company added more and more features which are akin to living in a country. You have ability to communicate with your neighbors through all (digital) means – text, voice, video; attend sport events, watch movies (currently relying on link sharing) and voice out your opinions. The next step of maturing the platform was somewhat easy to predict, but hard

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Business, Cloud Computing, Enterprise, Software Programs

IRS Denying Open Source Projects Non-Profit Status

IRS Open Source

Apparently the IRS has taken the stance that Open Source projects, that are either created through the collaborations of individuals or corporations (which the government increasingly considers people) are not eligible for non-profit status. This news comes as the OpenStack foundation and Yorba foundation have both recently been denied by the IRS for non-profit status. While it may be true that some open source projects may not necessarily be deserving of non-profit status, most of these projects are run by a community of people and/or companies that come together for a common cause. They also make most of their software free and open to the public

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