There may be a new big player in the mobile phone industry. FreedomPop, a company that aims to give away free mobile subscriptions, just closed a round of funding that netted the company $30 million in funding. While other companies charge for mobile data and calls, FreedomPop is giving these services away, while they purchase the data at wholesale from larger wireless companies. For now, the service is free to attract customers. If customers go over specific allotments, they will be charged.
Although many think that this is not a profitable model, many customers are paying. There is an a-la-carte menu of extra services one can pay for if they do not like the small allotments in the free plan. In a funding round lead by Partech Ventures, FreedomPop brought its total funding to $49.3 million in the past three years. FreedomPop, while profiting significantly less than other wireless companies, saves money by buying services from other wireless companies. FreedomPop does not own its own wireless infrastructure. The overall goal is to attract as many customers as possible.
Right now, about half of FreedomPop customers are paying, so the more people signed up to the service means more revenue for the young company.
In the modern world, people have found that it is very important to stay connected with others. The ability to communicate directly with people is incredibly helpful. A commuter can call his wife to tell her he’s stuck in traffic and will be slightly late getting home. A mom can call her husband to tell him she’s food shopping and ask him what he would prefer to have dinner. Parents can stay in touch with their kids at school at all times. Someone may not always need to have connections every single second of every day but may it highly useful in the event of an emergency of some kind such as flat tire. All this because of wifi and cell phone services.
There are many ways of having the kind of mobile service and internet connections that people want and need. The kind of service that any one person needs will greatly vary. Someone may spend a great deal of time on the road each day and thus need to be able to maintain contact with others at all times. This person will have vastly different data, internet access and mobile needs that someone who spends more time at home and may have fewer commitments and less need for such services.
Many companies have rushed to help their customers be able to get the kind of plan that is best for their highly specific and individualized needs. One such company is FreedomPop. Every FreedomPop review I’ve ever read has said amazing things about this service. This company was founded in Los Angeles, California in 2011 to help fill in the gaps between the kinds of plans that are are available and the with varied budgetary needs. Those who sign up with this company have been pleasantly pleased to find that the company offers a wide range of products and services for nearly any kind of budget and data plan need their customers may have.
FreedomPop offers all of their customers many kinds of data plans. Each particular plan includes a wide range of options that the user can pick from to find one that is right for their needs. Some of the users of this company’s services have found that they are able to get access to a data provide provider at very minimal cost. This can be ideal for the light user in need of only some access each month. Others who need more access to mobile data have been able to take advantage of the company’s notable low cost service plans.
The Golden Nugget in Atlantic City is trying to get some money back from gamblers that realized a card deck wasn’t shuffled when they played mini-baccarat back in 2012. It seems an outside vendor was paid to pre-shuffle decks of cards, but the Kansas City manufacturer missed some decks. The casino didn’t realize the error until it was too late. The gamblers at the table walked away with $1.5 million.
A judge recently ruled that the money should be returned to the casino because the game didn’t conform to gaming regulations. That ruling meant the games played that night were illegal under state law, and the money had to be returned to the casino. Obviously the gamblers thought differently. They appealed the ruling, and they are still waiting for a decision.
People at Anastasia Date have learned that the casino did sue the Kansas City manufacturer, and that company settled with the casino. So the Golden Nugget has recouped some of the money from the manufacturer, but The Nugget still wants the gamblers to return their winnings. The question, in this case, is, did the gamblers cheat? Or was the casino negligent? The gamblers say they played the game the way they always played, but they did up their bets when they realized they knew what card would come next. The casino says that’s illegal. A new judge will make the final decision.