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7 Jul, 6 tweets, 2 min read
"How are you going to monetize Finshots?"

"What are you going to do for money?"

"Finshots, tell us what is your business model?"

A thread...
We've received so many questions about this that we feel compelled to address this bit now.

For the longest while, we've wanted to keep Finshots free. No ads. No subscriptions.
And it isn't because we are a not-for-profit. (We aren't). But, because we wanted to try a different approach. An approach that involves building an active community of like-minded people.
We don't want to just simplify news. We want to simplify a lot more. And a few months ago, we took the first baby steps in achieving this objective and putting together a clear business model.

We introduced Ditto ( bit.ly/2TzRPAv ) - A product that simplifies Insurance
It's still rough around the edges. But it has so many cool things that will help you understand term and health insurance policies. So if you haven't yet checked it out do so right now at @joinditto
Also, if you have any questions about insurance, you can book a free call on our hotline or directly ping us on Whatsapp- bit.ly/2Tb2twI

Maybe we can even discuss that business model, eh?

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More from @finshots

Finshots Profile picture
6 Jul
Thread.

#India is the world's third-biggest e-waste generator, producing over 3.23 million metric tonnes of e-waste per year, behind the US and China.

What's e-waste?
💡Simply put, it's the accumulation of old phones, cameras, TVs, computers — discarded products made of plastic and toxic compounds.

Folks handling this waste (usually women and kids) are routinely exposed to toxic heavy metals, which is a big health hazard.
👉In fact, between 2018 and 2020 our e-waste generation rose by ~ 43%.

And given that the pandemic has induced an increase in the use of electronic devices and there's a smartphone revolution brewing in the country, the problem is bound to accentuate in the near future.
Read 10 tweets
Finshots Profile picture
2 Jul
If you're looking for some entertaining Friday movie watches, we've got you covered.

Here's a thread on some of the best business/finance movies you must watch 🍿...
1. The Big Short (2015)

The Big Short is by far the most entertaining take on the 2008 financial crisis.

Written in a humorous and quick-witted way, it explains obtuse financial terminologies as well as the absurd and borderline criminal ways of the financial sector.
It is packed with a star-studded cast along with celebrity cameos of Margot Robbie, Selena Gomez, and Anthony Bourdain who explain some really complex financial concepts using a very un-Wall Street style.

👉Where to watch - Amazon Prime Video
Read 14 tweets
Finshots Profile picture
30 Jun
Sugar #stocks have been rallying heavily over the past few weeks. And it seems like this has a whole lot to do with a chemical compound that's been all over the news lately.

We're talking about ethanol.

(thread...)
👉Ethanol is a complex derivative that can be extracted while processing sugarcane. It can be extracted from sugarcane juice and even from the likes of corn, bamboo, & rotten potatoes.
💡But what is really unique about #Ethanol is- it has high levels of oxygen, it burns cleaner than your everyday fuels like petrol or diesel. And thankfully for us, India has consistently had a surplus sugar production.
Read 9 tweets
Finshots Profile picture
29 Jun
What happens to your cryptocurrency when you die??

A thread...
Did you know it’s illegal to log into a dead person’s crypto account?

So if you're a crypto investor and you died today, who reaps your fortune?
No one, technically, unless you name a beneficiary in your will. And it's a big deal as ~3.7M bitcoins, $140B is unrecoverable (excluding the 10k+ other cryptocurrencies) since the investor either lost their password or died intestate.
Read 10 tweets
Finshots Profile picture
28 Jun
Some of the weirdest tax rules around the world.

A thread...
1. Pro-cigarette smoking tax revenue : Smokers around the world are used to paying high taxes on cigarettes that are levied by governments to dissuade smoking.
However, in 2009, China was facing a tough economic crisis, and the majority of local taxes were derived from cigarette sales.

So the citizens of the central-Chinese Hubei province were given a weird choice - to either smoke cigarettes or face a fine.
Read 9 tweets
Finshots Profile picture
24 Jun
Reliance AGM!! Here we go. Stay tuned with us for live updates & key announcements!
Here's what Reliance has been doing to fight COVID-19:

1. Reliance is producing 11% of India’s total liquid oxygen, the highest by any Indian company

2. Gave away 7.5 Cr free meals to marginalised communities, daily wage earners and front line workers
3. Set up 116 Vaccination centres in 109 cities

4. Conducted the largest corporate vaccination drive for its employees across the country
Read 11 tweets

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