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16 Aug, 4 tweets, 2 min read
Happy Birthday 2 us :)

(1/4) Image
Just 2 years ago, if someone told us that Finshots would receive the Google Play Best of 2020 Award, establish a podcast with 2M+ listens, and become one of the most widely-read financial newsletters with 350k+ readers- we'd have laughed.

(2/4)
But due to the support from all of you readers and well-wishers, we didn't only evolve as a brand, but also as a community. And we don't want to stop at just simplifying financial news. We want to simplify all things finance.

(3/4)
Which is why we've been working around the clock on our latest initiative- @joinditto

Ditto allows you to not only compare insurance, but also understand it. So if you want to learn more about your existing policy, or perhaps buy a new one, make sure #AskDitto :)

(4/4)

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More from @finshots

Finshots Profile picture
16 Sep
Sri Lanka's forex reserves have dropped precipitously, from $7.5B in Nov '19 to just $2.8B in July.

And now a lot of people are worried about Sri Lanka's worsening economic crisis.

So what's the deal? 👇(1/9)
Sri Lanka’s problem seems to stem from the fact that the country is quickly running out of foreign exchange reserves — Things like gold, dollars, and other dollar-like assets.

But how did it get here? (2/9)
Well, Sri Lanka is what you call a “Frontier Economy” — it’s neither underdeveloped nor big enough to be branded an emerging economy. Countries like these are usually dependent on a few specialized sectors.
(3/9)
Read 9 tweets
Finshots Profile picture
14 Sep
#Google Maps has a near-monopoly in online navigational services.

Think about it- when was the last time you used any other digital mapping app?

And yet, Google offers this for free.

So, what gives?

A thread 👇(1/7)
Well, the majority of their revenue comes from advertising. When you search for a #business on Google, it lists the local businesses as map results.

Advertisers pay to have their listings featured more prominently in this map result. (2/7)
For eg, if Starbucks wants to show up at the top of search results in "coffee shops near me", it can pay Google Maps for this listing.

Google also earns income through its Google Maps Platform from companies and industries that need navigation, tracking, and mapping. (3/7)
Read 8 tweets
Finshots Profile picture
10 Sep
Some of the most unusual economic indicators you've probably never heard of- Part 2!

A thread👇 (1/11)
1.) The Bike Fatality Index - Evidence from the UK suggests that bike fatalities increase during recessions.

During periods of financial uncertainty, commuters avoid trains & cars in favor of bicycles.

More cyclists out on the roads raise the probability of mishaps. (2/11)
2.) Romance Novels Indicator - A bad economy can be heartbreaking. And what can be a good escape from heartbreak? A larger-than-life, cheesy romance novel! (3/11)
Read 12 tweets
Finshots Profile picture
7 Sep
The brilliant psychological ploy #businesses use to trick YOU into overspending.

A thread.👇
A decade ago, behavioral economist Dan Ariely noticed something strange about the subscription option of the international weekly magazine, The Economist.

The options were:
1. Web-only subscription - $59.
2. Print-only subscription - $125.
3. Web + print subscription - $125.
Dan thought what you’re thinking right now - "why would anyone buy the print-only subscription?"

On conducting a #study among MIT students, he found out that 84% chose the web and print option while only 16% of the students chose the web-only option.
Read 9 tweets
Finshots Profile picture
1 Sep
Ever wondered how buffet restaurants like Barbeque Nation offer unlimited food at such low prices?

A thread👇 (1/10)
Let’s start with their first offering - drinks. Soft drinks are one of the cheapest supplies for any restaurant, and these are offered in many ways - either as a complementary option or as a bottomless option where you pay for a glass but get unlimited refills. (2/10)
The idea is to make you drink them as much as possible so that you’re eating less food. (3/10)
Read 11 tweets
Finshots Profile picture
30 Aug
If you are a regular shopper, you might have noticed that women’s products cost more than the male equivalent or generic products.

Is this a fluke, or are #women paying more for products made for them?

Turns out, yes, women pay an invisible cost in the form of “The Pink Tax”👇
But the catch is - it’s not really a legitimate #tax imposed by the govt. It’s a cost added on products that are marketed towards women. The packaging on these products is often pink, ergo the name.
For eg, a study in the US found that the ingredients in shampoos & deodorants are almost identical for men & women, but prices for female-targeted items were nearly twice as much. Reports suggest that this pink tax costs women $2135 a year.
Read 7 tweets

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