Tag: Finance

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Pump-and-Dump Scammer is still at it.

Pump-and-Dump-Spam.jpg

Within the last 150 minutes, our spam filter caught more than 40 Pump-and-Dump email spam; the same ones from April 11, 2017.

Pump-and-Dump email spam typically comes in waves with randomly generated sender names. It is really easy to spot as it promises the potential collaborating-victim a quick scheme to make money. Based on our statistics, the scammer sends the email spam with two different subject lines and contents each day. If you happened to receive this kind of email spam, you would see multiple emails from different senders with the same exact subject line and content. They are really easy to spot.

You can help fighting the spammer by using services such as SpamCop.net.

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Amazon Register to be Discontinued

Amazon Local Register Card Reader

Amazon:

Effective October 30, 2015, we are no longer accepting new customers. Existing customers can continue to use Amazon Register until February 1, 2016, when we will discontinue to service.

Amazon Register (formerly Amazon Local Register) was launched back in August, 2014 with promotional offer of 1.75% on swiped transactions until 12/31/2015. Amazon promised to deliver EMV Card Reader later in 2015. Alas, that day will never come.

Amazon-Local-Register-Discontinued

Payment processing business has been proven to be challenging even for Square, which reported of $131.5 million loss on $892.2 million in sales in the first nine month of 2015.

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Notes:

37prime uses both Square and Amazon Register. The later is the currently preferred payment processor thanks to its promotional offer of 1.75% transaction fee.

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Apple Pay Setup

Apple Pay (stylized as Pay) comes with iOS 8.1

Currently in the U.S., Apple Pay is supported by:

  • American Express
  • Bank of America
  • Capital One Bank
  • Chase (Visa only)
  • Citi
  • Merrill Lynch (credit only)
  • U.S. Trust
  • Wells Fargo

Apple Pay Setup 3

Apple Pay Setup 1

Apple Pay Setup 2

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Apple Seven-for-One Stock Split

Apple-7-for-one-Stock-Split

June 9, 2014 is the first trading day for Apple stock (AAPL) following the Seven-for-One split.

AAPL closed at $645.57 ($92.22 on post-split adjustment) on Friday, June 6, 2014. After the Seven-for-One split, AAPL closes at $93.70 on Monday, June 9, 2014.

Surprisingly, Forbes, a huge business/financial publications does not really understand how stock split works.

According to Forbes, AAPL plummeted by $551.87. Not sure if Forbes is either incompetent or lying.

Forbes is either incompetent or lying

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Apple: Earnings and Stock Split

Apple-Logo-splash

From Apple PR:

CUPERTINO, California—April 23, 2014—Apple® today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

Notable numbers:

  • iPhone sales increase 17% Year Over Year from 37 million to 43 million units
  • iPad sales decrease 16% Year Over Year from 19 million to 16 million units
  • Mac Sales increase 5% Year Over Year from 3.9 million to 4.1 million units

Also from Apple PR:

The Board of Directors has also announced a seven-for-one stock split.  Each Apple shareholder of record at the close of business on June 2, 2014 will receive six additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on June 9, 2014. 

Does that mean I could finally buy 10 Apple Stocks instead of none?