The Rundown: The London Olympic Games and the Best Personal Finance Apps

July 27, 2012  |  

The Olympic flame makes its way through London. Photo: London2012.com

-Facebook released its first earnings report as a public company and it wasn’t all they’d hoped. The social network posted a net loss of $157 million on income of $240 million. Revenue was $1.2 billion, up about a third from last year. “Advertising” is the key word and the company’s ad impressions have dropped because users are increasingly accessing the site on their mobile devices. “Mobile users are 20 percent more likely to use Facebook on any given day,” CEO Mark Zuckerberg said on the earnings call. As of June 30, 2012, monthly active users of the site reached 955 million.

-The 2012 London Olympics’ opening ceremony is today! Are you excited? Creative director Danny Boyle (usually a film director of such movies as Slumdog Millionaire) had a £27 million budget (about $42.5 million) for the performance, which is expected to reach 1 billion viewers. If you want a preview, some footage has leaked on YouTube, although now it might be hard to find. Even if you’re not watching the Games on TV, you’ll be inundated with details online, where news outlets and sponsors will be giving minute-by-minute updates. (#Openingceremony for tonight.) In related news, Mitt Romney went to London and insulted all the Brits.

-The U.S. economy slowed over the spring as consumers kept their spending to a minimum, fears continue over the fate of Europe’s collective economy, and unemployment remains high.

Business Insider has got a math lesson for you, breaking down the personal finance equations that you should know.

PC Magazine shares its choices for the best personal finance apps. Get your money matters sorted!

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