How Snapchat, Airbnb, and Uber prove that just having an idea is worth more money than you think

Businessam StaffMay 25, 2017

In the pre-Internet 1900s, people protected business ideas because the opportunity to be “first” was a realistic possibility. Being first-to-market was a huge competitive advantage. To entrepreneurs like Thomas Edison and George Westinghouse and even the early dot-com boomers, ideas were hugely valuable and worth protecting. In the 2000s, business ideas are now a dime […]

What is bitcoin? A look at the digital currency

Businessam StaffMay 16, 2017

It’s worth more than an ounce of gold right now, it’s completely digital and it’s the currency of choice for the cyberattackers who crippled computer networks around the world in recent days. When the attackers’ “ransomware” sprang into action, it held victims hostage by encrypting their data and demanding they send payments in bitcoins to […]

In Nigeria bust, 33-Cent/Hour job doesn’t guarantee getting pay

Businessam StaffMay 11, 2017

On days when Dayo Fabajo’s bosses can’t afford to pay the 1,250 naira ($4) wage she earns for a 12-hour shift packing biscuits, they send her home early. Sometimes on her way out, she walks past pockets of stragglers lingering at the factory gates, a glaring reminder she’s easily replaceable. “Nobody complains,” Fabajo, 25, said […]