Search TekSocial
Stay Connected

Enter your email address:

(We respect your privacy!)

Or subscribe with your favorite RSS Reader

  

Entries in PayPal (2)

10:34PM

Apple Charges Customer 122 Times for Lion

John Christman purchased OS X Lion on July 23, 2011 and paid $30.00. Then he was charged through PayPal $30.00 about 121 times, for a total of $3,878.40. Clearly John Christman did not need 122 copies of Lion, and something has gone wrong between Apple and PayPal. John got in touch with both PayPal and Apple customer support and both of the sides were pointed fingers at each other. “Apple blames PayPal, PayPal blames Apple. They both are claiming to investigate, but I am stuck broke for three days now.”

1:18PM

$100,000 to Not Go to University

University is expensive and with the coalition government's new plans (in the UK), it's going to get much, much more costly. But, what are the alternatives? You need a degree to be successful, right? Wrong. Here is a list of billionaires who never attended university, or dropped out before finishing their degree:

Bill Gates - Co-founder and ex-chairman of Microsoft. Net worth: $54billion.

Michael Dell - Founder of Dell inc. Net worth: $14billion.

Mark Zuckerberg - CEO of Facebook. Net worth: $6.9billion.

Steve Jobs - CEO of Apple. Net worth: $6.1billion.

Sir Richard Branson - Founder of the 'Virgin Group'. Net worth: $5billion.

Ralph Lauren - Founder of Polo Ralph Lauren. Net worth: $4.6billion.

A longer list can be seen here. 

Great. Now, Tell Me About the $100k.

Peter Thiel, the co-founder of PayPal, is supporting young entrepreneurs with his new Thiel Fellowship.

What Is The Thiel Fellowship?

The Thiel Fellowship is a program where 20 people, under the age of 20, are given $100,000 to dedicate their time to creating and implementing a brilliant idea. Thiel talks about how,

some of the world's most transformational technologies were created by people who stopped out of school because they had ideas that couldn't wait until graduation.

His whole idea is that people should not let education get in the way of a fantastic idea. It's a really great premise, and I totally agree; for many great solutions, spending 3+ years and thousands of dollars/pounds at university is just a complete waste of time. The problem, up until now, is giving potential students a reason to risk their future (if their plan goes belly-up) by missing out on higher education. Although this program is only available to 20 lucky entrepreneurs, it should bring hope to thousands more.

I'd like to end this post with a quote from the aforementioned Bill Gates:

I failed in some subjects at school, but my friend passed in all. Now he is an engineer in Microsoft and I am the owner of Microsoft.

If you like my work, please check out my personal blog.