` Russia’s Biggest Billionaire has bought shares in `Alibaba ‘ after selling them in Apple and Facebook ‘

#AceFinanceNews Russia’s biggest billionaire has bought shares in big Chinese internet retailer Alibaba, after selling his stakes in US tech giants Apple and Facebook.

The deal comes as the West imposes sanctions on Russia, that could spread from politics to business.

Usmanov, 60, a founder of Russia’s iron ore Metalloinvest Holding Company, has an estimated fortune of $18.6 billion as of March 2014 and is increasing his bet on China, while selling American assets.

“Chinese companies account for about 70 percent to 80 percent of the portfolio of our foreign internet investments,” Ivan Streshinskiy, head of Usmanov’s asset-management company USM Advisors LLC, told Bloomberg in an interview in Moscow.


#alibaba, #american, #apple, #bloomberg, #china, #chinese, #facebook, #metalloinvest-holding-company, #moscow, #russia, #russias, #us, #usmanov

Would You Trust Your – Social Media Page – And Your Type Of Friends – To Be Your Credit Checker?

According to a post on allfacebook this maybe one way of companies agreeing you can have a loan, or not!



Loans (Photo credit: zingbot)


How you socialize on-line, who with, and how often can make or break your loan application: True or false? It is true, surprisingly. And it is likely to become more so, in the very near future according to a number of lenders!


With banks still reluctant to lend and a rapid rise in sub-prime customers, it is more essential than ever to be realistic about the responsibility of lending money to finance big-ticket items with long-term repayment schedules. This is in the best interests of both parties.


Contrary to the picture painted by some commentators, who are keen to insist that finance companies are ruthless operators, luring unsuspecting and  non-credit-worthy clients into their snares, those of us who are in the business actually take our applicants very seriously, indeed. We would never want to put anybody into an untenable, unrealistic, and unaffordable position, whereby they were compromising their entire lifestyle for the sake of, say, a new car.


Likewise, we do not want to take on customers who are not going to pay us back. So where does this leave us, morally, in the unprecedented access to individual data now available thanks to the information-gathering properties of the Internet?


Lenddo is not alone in adopting this investigative stance. Movenbank assesses numbers of followers on Facebook, Twitter, and LinkedIn to evaluate prospective customers’ influence and social standing. Payment information can also be sourced from sites like eBay, PayPal, and Amazon.


Other online habits are unwitting traps. Many users are guilty of being slapdash with spelling, punctuation, and grammar in email and text messaging, often because those communications are sent in haste or on the move and without much attention to detail. Such traits — using all capitals or no capitals, for example — are taken as dubious signs by German lender Kreditech, which will not lend to anyone who fills out one of its forms in this careless way.


Another habit to be aware of is that the amount of time you spend browsing and investigating a site can be closely monitored and assessed. Payday loan outfit Wonga likes to see that a person has gone through various options before they submit. Someone who goes straight to click for the highest loan possible without due consideration is high-risk to Wonga.


We are, each and every one of us, leaving a digital footprint that cannot and will not ever be erased and that speaks volumes about us. Should we be surprised when this evidence is examined? Kreditech is branching out by selling its technology to online lenders in the Czech Republic and in Russia, andKabbage, another online cash-advance service, has plans to do the same. It would appear that this model is about to go mainstream.




Whereas it could be choosing your friends wisely on your Facebook page, as being friends with some one who defaults on a company’s loan, from a lender to whom you applied ,may not allow that lender to consider, you  a good credit risk!


Choose your Facebook friends wisely; they could help you get approved — or rejected — for a loan.


A handful of tech start-ups are using social data to determine the risk of lending to people who have a difficult time accessing credit. Traditional lenders rely heavily on credit scores like FICO, which look at payments history. They typically steer clear of the millions of people who don’t have credit scores.


But some financial lending companies have found that social connections can be a good indicator of a person’s creditworthiness.


One such company, Lenddo, determines if your friends on Facebook (FB) with someone who was late paying back a loan to Lenddo. If so, that’s bad news for you. It’s even worse news if the delinquent friend is someone you frequently interact with.


“It turns out humans are really good at knowing who is trustworthy and reliable in their community,” said Jeff Stewart, a co-founder and CEO of Lenddo. “What’s new is that we’re now able to measure through massive computing power.”




Traditional lenders are still sticking to the traditional modes of enquiry, using credit scores like FICO or agencies like Experian to assess lending suitability, but many of the newer and more tech-savvy startups are taking a different approach. They scrutinize social data and online behavioral patterns to make their decisions and determine credit risk.


For example, one company, Lenddo, in what it is calling a “trust-based model,” will not lend money to someone who is friends on Facebook with another person who has been late, or defaulted on a loan from it in the past. If the friend is someone with whom you have frequent interactions, the decision is even more likely to go against you.


So what is the best way to apply for a loan well first ask someone who you trust in finance, or you can even ask me, as l do not lend myself and will recommend a reliable lender and even help you complete the paperwork!  But most of all be honest ,do not cover up other lending and above else, only borrow what you need and not what you want!






#acefinancenews, #advertising, #amazon, #big-ticket-items, #business, #commentators, #czech-republic, #ebay, #ebay-paypal, #facebook, #fico, #finance-companies, #haste, #information-gathering, #internet, #jeff-stewart, #kabbage, #lending-money, #linkedin, #loan-application, #marketing, #online-banking, #paypal, #photo-credit, #prime-customers, #prospective-customers, #punctuation, #rapid-rise, #repayment-schedules, #slapdash, #snares, #technology, #twitter

Protecting People From Scams – Sweepstakes

Seal of the United States Federal Trade Commis...

Seal of the United States Federal Trade Commission. (Photo credit: Wikipedia)

The Federal Trade Commission mailed 503 refund checks to consumers who were allegedly tricked into paying a fee to collect a fake multi-million-dollar sweepstakes prize. The FTC alleged that operators of the scam, collectively known as Prize Information Bureau, sent personalized mailers, some with fictitious government agency names and official-looking seals, to hundreds of thousands of consumers.

The refund checks were mailed by an administrator working for the FTC. More than $183,000 was returned to consumers. The amount varied based upon the amount of each consumer’s loss. Those who receive the checks from the FTC’s refund administrator should cash them within 60 days of the date they were issued. The FTC never requires consumers to pay money or provide information before redress checks can be cashed. Consumers with questions should call the refund administrator, Gilardi & Co., LLC, at 1-888-251-6826, or visit www.FTC.gov/refunds.

To learn how to avoid these kinds of scams, read the FTC’s Prize Offers: You Don’t Have to Pay to Play.

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to give information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics.  Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

#consumer, #consumer-topics, #facebook, #federal-trade-commission, #ftc, #limited-liability-company, #twitter, #unfair-business-practices

Can LOCOG Uphold The Ruling On Photos


As everyone is now aware the latest ” LOCOG” ruling relates to anyone taking photos on their mobile phones while they are attending the games, cannot upload them to Twitter or Facebook!

Firstly this in my personal opinion takes away our so-called ” Free Rights ” as any photograph on your phone is yours by the fact of ownership or as it is written ” The new legislation would effectively shift ownership of photos, videos and messages to users, granting them the “right to be forgotten.”

Meaning simply –

That sites like Facebook would not only be required to close an account when requested, but also to package and return photos and messages to the user before deleting any trace of them from their own servers.

Victoria Reding EU Commission says the reforms would harmonize 27 national laws across the Euro zone and give social media users control over how their data is being used, but players in the social media industry are incredulous, objecting both in principle and practice.

So it is still wide open to who really owns your photographs on any social media site.

The question is can LOCOG uphold this ruling if no law has been passed to say who really owns the social media, you ” freely without payment” upload to your social media site?

I would like to thank a fellow

European Commission and EIROforum pledge to ex...

European Commission and EIROforum pledge to extend collaboration (Photo credit: European Southern Observatory)

WordPress website for their information that was utilised at http://lexpertblog.com should you like to read more on this subject.


#facebook, #locog, #london, #london-organising-committee-of-the-olympic-games-and-paralympic-games, #olympic-games, #social-media, #twitter, #wordpress

” Want Your Old Facebook Page Back”

facebook engancha

facebook engancha (Photo credit: Wikipedia)

FB:Purity that allows you to have your Facebook page your way has had their pages blocked with no reason why? http://see.sc/Dvc8n4

#apps, #facebook, #facebook-features, #like-button, #online-communities, #social-media, #social-network, #wii-u