SEC warns against public companies adding blockchain to their name

 Everyone knows that both Main Street and Wall Street investors are going gangbusters for cryptocurrency and blockchain-related technology. But here’s the thing. It’s currently nearly impossible to invest directly in cryptocurrency or in legitimate cryptocurrency companies if you want to limit your investments to SEC-sanctioned ETFs or stocks that are listed on NASDAQ or NYSE. So… Read More

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The big con: How tech companies made a killing by fudging their numbers

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In May 2015, Snapchat cofounder Evan Spiegel sat onstage at a tech event and said his app was “approaching” 100 million daily active users in developed markets. 

He was wrong — or, well, he exaggerated. In June 2015, Snapchat averaged 89 million daily active users overall, per Snap’s S-1 filingHeadlines at that time said otherwise. 

Spiegel, in the midst of getting grilled by reporters Walt Mossberg and Kara Swisher, was answering the same question posed to every tech company: How are your numbers? 

Silicon Valley was built on metrics: users, time spent, pictures uploaded, etc. These numbers made even young startups look like they could conquer the world and make billions of dollars along the way. Read more…

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Stitch Fix’s IPO was… fine. It was fine.

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Stitch Fix debuted on the stock market on Friday, and while things didn’t go quite as well as expected, they still went pretty smoothly. 

The clothing and personal styling subscription service raised $120 million in its initial public offering—making the transition from venture-funded startup to publicly traded on Wall Street—with an opening price of $16.90 a share. In its filing with the Securities and Exchange Commission in October, Stitch Fix expected a price between $18 and $20. Then Thursday night, the company downgraded expectations to $15 a share before opening a little higher Friday. The company sold 8 million shares, another downsizing from its previous 10 million target.  Read more…

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Coinbase’s Custody service wants to store bitcoin for institutional investors

 Safely investing in and storing digital currency isn’t exactly easy, especially if you’re a large institutional firm. So to help Coinbase just announced that they’re launching a service called Coinbase Custody, which will securely hold digital assets for institutional investors. The service will only be available to funds willing to store $10M or more of digital currency… Read More

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Let the pros teach you how to invest with this online course

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Just to let you know, if you buy something featured here, Mashable might earn an affiliate commission.

When you know your way around the stock market, you can turn even a little bit of rainy-day cash into some serious savings. The problem is actually learning your way around the stock market though — without burning through all of your money in the process.

The solution? Practice on the real-time stock market, with fake money. The Investing 101: Market Trading for Beginners course from Stock-Trak helps you do just that. They use the real-time stock market to teach anyone how to invest — risk-free. Their stock market simulator will teach you all about the different investment options out there (so yes, you can go into it completely clueless), help you build a $100,000 practice portfolio, help you make your first trade, and teach you exit strategies and stop loss orders. Read more…

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