Ant Financial is potentially the world’s most valuable Unicorn and the next big IPO. Uber on the other hand end up as just a foot note in the history books or worse a bad joke. The future of Fintech and fantastic amounts of profit might just belong to Ant Financial and China.Read more
Both nuclear weapons and totalitarianism might be economically unsustainable in today’s world. That development is obviously a welcome one but it might make the world less peaceful, by making war both affordable and sustainable.Read more
Uber Technologies Inc. may have become the most scandal plagued company in history. There are so many scandals at Uber that a checklist is needed to keep score.Read more
Both entertainment models work but they each have serious drawbacks. Netflix has not figured out how to make its model pay; while Disney is unable to protect its market share. The data suggests that a combination of new and old models would work best.Read more
The motivation of the average bitcoin buyer is also very different than that of the American ETF investor. Most bitcoin owners are either using it as a hedge against inflation of unstable currencies such as the Chinese yuan or the Venezuelan bolivar, or to do an end run around monetary controls or the banking system.
A great many bitcoin owners live in nations where governments have a long history of confiscating bank accounts and demonetizing currencies. They view bitcoin as a means of keeping their money out of bureaucrats’ greedy hands.Read more
General Motors has not made money off vehicle sales in Europe since the 20th Century; an analysis by Karain indicates, yet it waited until March 5 to sell its European Division. That division includes two storied brands Germany’s Opel and Britain’s Vauxhall, a European financing division, 11 manufacturing plants and an engineering center.Read more
This means that bitcoin and not gold is now the world’s hedging mechanism of choice. Mr. Market has spoken the people prefer the more versatile and easier hedging technology to the yellow metal.Read more
Value investors will be happy to know that Allstate is still making money despite the decrease in customer retention. Revenues and income are growing at the company.Read more
No matter what the cause, it looks as if bitcoin is on a roller coaster rider that is not going to end anytime soon.Read more
The world’s richest man wants robots to pay income tax – if they take humans’ jobs.
Bill Gates endorsed the idea of a “robot tax;” on automations that replace human workers, in video interview with Quartz editor in chief Kevin Delaney.Read more