Zero-Commission Stock Trading App RobinHood Kicks Off Private Beta

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RobinHood is about to let anyone buy and sell stocks for free instead of having to pay E*Trade or Scottrade $7 per transaction. Today RobinHood begins inviting its 160,000 waitlisters who’ve signed up to download its glossy new app where you can efficiently track and trade stocks. “It’s by far the most beautiful brokerage app, though that’s not saying much” co-founder Vlad Tenev jokes.

But while RobinHood makes Wall Street look stylish in your pocket, what’s special is what it does, and does for free. That’s letting you trade stocks with zero commission. You might assume it would cost RobinHood money to execute trades, but in fact it can make money by moving yours around. We’ve just been conditioned to assume its something you have to pay a fee for after decades of investors handing Scottrade, E*Trade and others brokerages $7 to $10 for each buy or sell.

Those who…

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Scientists to Combine DNA of Three People to Create Disease-Free Babies

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A new technology aimed at eliminating genetic disease in newborns would combine the DNA of three people, instead of just two, to create a child, potentially redrawing ethical lines for designer babies…”

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SOURCE:  Bloomberg

Blacks Should Set Up Their Own Courts, According to Louis Farrakhan

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*Minister Louis Farrakhan has seen enough of the U.S. legal system in light of the acquittals of George Zimmerman and Michael Dunn.

So much so that he’s calling for black Americans to create and establish their own court system based on the Bible and Quran. In Farrakhan’s eyes, the current legal system is one that practices racial bias…”

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SOURCE:  Eurweb

Monster Acquires Recruiting Startups TalentBin And Gozaik

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Monster Worldwide announced today that it has acquired TalentBin and Gozaik, two startups offering tools for recruiting on social networks.

“The acquisition of TalentBin and Gozaik completes one key component of a larger strategy designed to help our business grow,” said Monster CEO Sal Iannuzzi in the acquisition release.

The company says that both deals closed during the first quarter of this year, and that it will be sharing more details at its investor briefing on May 14.

TalentBin describes itself as a “talent search engine” that aggregates data about potential job candidates from Facebook, Twitter, Quora, and elsewhere, while also giving tools to recruiters so they reach out to those candidates. It’s actually the latest version of a company that began as Honestly, a site where professionals could anonymously review their peers.

In its various forms, TalentBin raised $3.2 million in total funding from investors…

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LinkedIn Goes East For Growth, Opens Its First Official Site In China

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Big international news today for LinkedIn, the social media site for professionals to network with each other: the company is launching its first official site in China — in Simplified Chinese, in beta.

For a company of 277 milion users that has been criticised of late for slowing growth, the move is significant: China represents an opportunity of some 140 million professionals, or one in five of all knowledge workers globally, according to LinkedIn CEO Jeff Weiner. And given how strong the GDP is growing in China — currently the world’s second-fastest — the number of potential users is sure to go up.

“Given the rapid acceleration and development of China’s economy, the expansion of our offering in China marks a significant step forward in our mission to connect the world’s professionals to make them more productive and successful,” Weiner writes in a blog post.

LinkedIn is not starting…

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Approaching The Frontier: How One Entrepreneur Is Building The Future In Myanmar

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myanmarsquar2 It can be hard for even the strongest entrepreneurs to succeed in cutthroat Silicon Valley. But throw in simmering civil conflict , an almost non-existent Internet infrastructure , a military junta that is still in the early phases of transitioning to democratic rule , and developers more familiar with ColdFusion than Ruby on Rails, and one might reasonably think that it would be nearly impossible for any company, let alone an Internet startup, to succeed in such an environment.

For Rita Nguyen, though, this is the everyday life of building the first social network in Myanmar. Nguyen is no stranger to the region or its conflict, born in Vietnam during the war and eventually fleeing to Canada with her family after the Republic of Vietnam fell. Nguyen would eventually study at the University of British Columbia, and worked in a variety of marketing roles early in her career including Electronic…

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