Herding Cats: Groupon IPO, CDMA iPhone and States with Worst Unemployment Rates


Image Courtesy of ICanHasCheezburger

This week we finally saw the Verizon iPhone, Amex credit card policies, Groupon readying for an IPO–and we confirmed that the states we don’t want to live in already are losing jobs quick. Consumerist: American Express Offers Credit Card To 3-Year-Old  – Although we recently saw the laws changed that control credit card rates and policies, it seems that Amex is up to the same old stuff still. They sent a 3 year-old a credit card application, claiming that they did not know the child’s age. Still, you have to be at least 18 years old to get a credit card–or possibly 13 years old with a co-signer. If sending a three year-old an application doesn’t show the greed our system breeds, what does?

NY Times: Groupon Readies for an I.P.O. – It seems Groupon will go be going public in the next couple months, an event more anticipated than Twitter or even Facebook’s IPO. Groupon turned down a $6 billion buyout from Google, which was probably smart considering they’re being valued at around $15 billion. That seems pretty reasonable when you consider Groupon rakes in over $1 billion in revenue each year.

BusinessWeek: iPhone Battle: Verizon vs. AT&T – If you’ve been living under a rock this week you probably missed Verizon announcing that it will be offering a CDMA version of the coveted iPhone 4 for use on its networks. That means you get the Verizon network instead of AT&T, which may save you a couple ulcers. Unsurprisingly, it’s rumored Verizon will offer an unlimited data plan with all other price points essentially matching AT&T. 

CNN Money: Five Worst States for Rising Unemployment – Uh oh, looks like five states are in big trouble as they’re losing jobs the fastest. This is not to say that the unemployment rate is highest in Nevada, Louisiana, Colorado, Utah, and Montana compared to the rest of the United States, but it would seem unwise to relocate to these states until they can straighten themselves out.

Gawker: Student Sues College for Having Her Committed Over Hidden Cam – Some poor foreign student attending Brooklyn College went to her school administrators for help because she thought she was being defamed on the internet and that her landlord had installed a camera to spy on her. Unfortunately, Brooklyn College’s counselors thought she was crazy and forced her into a mental health home–causing her to miss her final exams, which in turn resulted in her being dropped from school. She’s already won a six figure settlement against the City of New York, so it will be interesting to see what Brooklyn College will have to cough up in their likely settlement. 

Wisebread: 5 One-Size-Fits-All Spending Tips That Don’t Really Fit Everyone – Chances are you’ve made a New Year’s resolution to spend less or be financially wise. You’ve been told to throw out the credit cards, cut every cost, and never indulge in anything. That works if you’re a shopaholic with no sense of self control. For the rest of us, let’s just try to be wiser in our spending and more rigid in our budgeting. Keep your coffee and your vacation, but make up for it elsewhere. And for heaven’s sake, do not throw out your credit cards unless you have a problem!

That’s it for this week. For those lucky enough to be in L.A., enjoy the warmth!

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