China has warned investing in Metaverse stating its still infancy and could likely end in tears for investors

Meanwhile ByteDance has bought VR gear maker Pico for $1.4 billion

#China #Bytedanc #Metaverse #Pico #VR #VRChat #Pico was valued by PE investors in March 2021 at nearly $155 Million and now #Bytedance has purchased Pico at $1.4 Billion… a very aggressive valuation for a VR gear manufacturer

#Huawei CFO #WanzhouMeng has admitted to Misleading Global Financial Institution

Meng made multiple material misrepresentations to a senior executive of a financial institution regarding Huawei’s business operations in #Iran … … in an effort to preserve Huawei’s banking relationship with the financial institution
Huawei owned #Skycom Tech. Co. a Hong Kong company that primarily operated in Iran. As of February 2007, Skycom was wholly owned by a subsidiary of #Huawei

European Commission proposes a common charger for electronic devices , smartphones, tablets, cameras, headphones, portable speakers and handheld videogame consoles.

#EU #MargretheVestager #Smartphone #electronic #ThierryBreton Also the Commission proposes to unbundle the sale of chargers from the sale of electronic devices. This will improve consumers' convenience & reduce environmental footprint associated with the production & disposal of chargers, thereby supporting the green & digital transitions

At Google, a seemingly innocuous action can earn an employee the attention of the company’s corporate security department
when #Google wants to find out who has been accessing or leaking sensitive corporate info, it often homes in on employees who are thinking about leaving it In the past, its security teams have flagged employees who search an internal website listing the cost of COBRA health insurance which gives workers a way to continue their coverage after leaving their employer—for further investigation,

#Google #Alphabet

How Digitization & E-Stamping Make Documentation Easy?

Paying stamp duty has become an integral part of any transaction you do in India

E-stamp online papers are easily available with the banks and other distributor vendors that have been licensed to sell e-stamps. Top 4 Benefits of taking stamp paper online
1) Fast documentation
2) No Fraud
3) No shortages in paper
4) Going Paperless

But do you know why India decided to go E Stamping in a large way back in 2004 , it’s because of Abdul Karim Telgi
Who was Abdul Karim Telgi ?

@tiktok_us @BytedanceTalk #TikTok #Bytedance #ZhangYiming

One of the mysteries of the TikTok ban saga is why Zhang Yiming, CEO of Tiktok’s owner ByteDance, wasn’t better prepared for the Trump administration’s onslaught Zhang was not focused on international politics. And the company didn’t staff up to meet the potential challenges.

As of 2018, ByteDance executives in China were managing TikTok’s global expansion.

#Instakart @gopuff @DoorDash #Gopuff #Doordash

Instacart and GoPuff each announced new fundraisings this week , a sign that food-delivery services are arming themselves with plenty of cash for what looks to be a winter of intense competition. Instacart, which became the market leader during the pandemic, raised $200 million at a valuation of $17.7 billion. That’s a sizable increase from just four months ago, when Instacart raised $225 million at a valuation of $13.5 billion.

#MarkZuckerberg in an interview with #MarquesBrownlee said the following

1. Facebook’s investment in AR and VR
“Our company is probably investing the most in virtual and augmented reality of anyone else in the world,” Zuckerberg told Brownlee. They went on to discuss a lot about AR as opposed to VR, and the ways in which Facebook are working toward the eventual goal of producing AR glasses. “We have thousands of people working on [AR]  at Facebook,” said Zuckerberg. “Because I just do think this is going to be the ...

@BytedanceTalk #ByteDance hopes of getting #PresidentTrump approval for its proposed deal with @Oracle #oracle appear to be dwindling by the day, judging by the blizzard of media reports about the debate going on inside the Trump administration. That raises the prospect that ByteDance will have to accept a less favorable deal by yielding control of the app to some conglomeration of @Walmart #Walmart , Oracle, ByteDance’s U.S. #VentureCapital shareholders and maybe public investors in the U.S. through an #IPO

#DowJones #NASDAQ #SP500

Leadership has changed in the markets

Since the March lows, tech, specifically cloud-based tech has lead the markets higher. Companies like #Square #SQ have more than tripled in share price while the S&P 500 is up 40% However, in the last few weeks this has changed. Former market leaders like #SQ or #Shopify #SHOP have been trading sideways

Meanwhile, industrial plays like @FM_FCX #FreeportMcmoran #FCX and #JohnDeere #DE have barely corrected at all, soaring to new highs.

@Oracle may not have been one of the biggest beneficiaries of the tech stocks rally in 2020 year of the pandemic
But @Oracle is certainly on its way to create a Billion-Dollar Cloud Customers in @zoom_us and @tiktok_us Customers are picking #OracleCloud Infrastructure and the #Oracle Autonomous Database for very basic and very obvious reasons: much better security, much better reliability, much better performance and dramatically lower cost than @awscloud

Thanks to #MartinPeers and @Jessicalessin for their original contribution of this article

@Apple Gets into new ServiceS

#Apple unveiled its latest foray into the subscription business with a new fitness service that will begin offering studio-style workouts later this year You might think it would worry @onepeloton #peloton whose business has lately been thriving, particularly as the new service, #Fitness+, will be included in a new discounted bundle of Apple services.

@SEBI_India latest move to ask multi caps funds to invest mandatory 25 % of allocation to Small caps has been receiving lots of praise and criticism
But investors need to remember Small caps have their own significance with associated risks Small caps generally offer higher growth potential , but these stocks also experience volatility and are prone to more risks in terms of management and are vulnerable as compared to Large caps or Mid caps

What’s happening to #Tech stocks and the markets in September 2020 and what is #FED really worried about - is the #Equities or #Bonds ?

Markets never work in a straight line up or straight line down , every market has to go through a period of correction/consolidation to resume its journey

NASDAQ was a overbought market in June to August 2020 , but we are not in any serious trouble to disturb the long term bullish trend and why ?

Because Credit Market hasn’t broken down yet , while the media and investors are focused in the Equity markets ,

#Google #QuantumComputing #sycamore #supercomputers #classicalcomputer
#JohnMartinis #UCSB

What is Quantum Computer ?
It performs calculations based on the probability of an object's state before it is measured - instead of just 1s or 0s - which means they have the potential to process exponentially more data compared to classical computers

Classical computers carry out logical operations using the definite position of a physical state. These are usually binary, meaning its operations are based on one of two positions.

The #FED and all major Central Bankers in the world believe that relentless credit expansion fosters greater economic growth and full employment

The fact is Lower interest rates fosters more debt issuance What #FED , #SNB , #Euro and #BOJ are been doing is that when economic growth falters for any reason the first action is to push rates lower

But the fact is that there is a limit to how much debt the household, business, and government sectors of the economy can tolerate

#Cashflow is a very important for anyone’s life
Cashflow means passive income that comes through business or investments
Cashflow is the money you don’t have to work for by trading your time. Cash flow is not a salary Cash flow is money that flows into your pocket, automatically, on a regular basis

Today, many people are in financial trouble because they have too much cash flowing out of their pockets and not enough money flowing into their pockets

Negative Interest Rates #NIRP do more harm to #Centralbanks than they do good

Times are changing with hard cash to online digital payments
The world has been forced to adapt to new methods of online payment like #Debitcards , #creditcard and #mobilewallet payments Few use cash and the global elites are using negative interest rates to do the same thing as inflation make money disappear
The U.S. discontinued the use of large-denomination bills in the late 1960s. Until 1969, $500, $1,000, $5,000 and even $10,000 bills were issued and today

Since the start of the worldwide #pandemic the U.S. government has poured trillions of dollars into the battered economy, hoping to avoid another #depression , While this has kept many businesses across the country alive, it has sparked on what the impact would be on the world’s financial markets. For years, bankers and #hedgefund managers had been piling on more increasingly risky financial products that the markets were deeming as #safehavens
On a level of the entire U.S. equities market, the sustained lowering of the risk-free interest rate brings

One of the largest #loans #restructuring exercises in Indian banking history will kick off in Sept 2020 till March 2021
Let’s see how Modern banking system actually works
#Banking is all about lending activities, if they practise good lending via various advances methods as approved by the #Regulators they are good businesses or else they can go bust
modern banking system is based on the fractional reserve system
What does fractional reserve means
1) People deposit their savings in the bank in the hopes of earning #interest rates

The #Fed wants #inflation

The single biggest issue for the world today is that there is too much debt in the financial system
Globally the debt to GDP ratio is 322%
Amongst G-7 nations, the numbers are striking
The U.S.’s Debt to GDP is 106%
Germany’s Debt to GDP is 61% Japan’s Debt to GDP is 236 %
The United Kingdom’s Debt to GDP is 85%
Canada’s Debt to GDP is 89%
France’s Debt to GDP is 98%
Germany is the only country that has been aggressively paying down its debt
Germany’s debt to GDP skyrocketed to 82% as its economy collapsed