Pages

Friday, August 24, 2012

Growth of Mobile Apps


The growth of mobile apps was almost like an overnight sensation.  Well to the public that is always how it seems.  The developers’ feel like it takes forever for the concept to catch on, but for the rest of the world, it comes around unexpectedly.  This growth is helped by the percentage of smartphone users.  Over 50% of the U.S population owns a smartphone (Cocotas, 2012)

An example in the fast growth of mobile apps is the overnight sensation of the app Draw Something.  Draw something was released to users in early February, and after 9 days had already acquired about 1 million downloads (Cocotas, 2012).  The growth did not stop there, because after six weeks, the game had approximately 35 million downloads (Cocotas, 2012)

Sunday, August 12, 2012

Opportunity Finance Network


Opportunity Finance Network (OFN) is a network that helps provide investment opportunities to community development financial institutions (CDFI’s) benefiting “low-income, low wealth, and other disadvantaged communities across America” (Opportunity Finance Network, 2012).  Within this Network the CDFI’s deliver “responsible, affordable lending to help low-income, low wealth, and other disadvantaged people and communities join the economic mainstream” (Opportunity Finance Network, 2012).