CEO – Spress

The biggest blind box of a new car continues to brew: the CEO of a company with a market value of 2 billion US dollars joins Apple

editor — Thu, 24 Jun 2021 17:55:15 +0000

In 2021, Xiaomi and Baidu are determined to build cars, and OPPO, Byte, and Kuaishou outside the field are eager to try, but the biggest unknown is still – Apple car . The whole world is looking forward to Apple Cars, and the status quo of Apple Cars is: the core team changes frequently and the personnel flow is huge. At the end of last year, the top leader of Apple’s special project group SPG was replaced, and Apple’s head of AI and machine learning, John Giannandrea, took over. After entering 2021, another group of core personnel of SPG will leave. such as: Dave Scott, who originally led the automotive-related robotics team, went to Hyperfine, a medical device company; Jaime Waydo, who leads the self-driving car safety and supervision team, went to Cavnue, a car-road collaboration company; Benjamin Lyon, who helped Apple build an early car team, went to aerospace startup Astra. So far, Apple has not had any public product prototypes or clear product release plans. Recently, Apple Cars has recruited an industry superstar, the former CEO of the listed company Canoo, the hero of the original BMW i-series electric car, and the 30-year BMW veteran Ulrich Kranz. Apple officials have confirmed that Ulrich Kranz has joined the SPG project team as the core executive of Apple Cars. Ulrich Kranz’s last job was to co-found the American electric car startup Canoo, and led Canoo to go public in SPAC (Special Purpose Acquisition) at the end of 2020. Canoo currently has a market value of more than $2 billion, and Kranz chose to leave after the company went public 4 months. Apple chose Ulrich Kranz because of his experience and abilities in at least two aspects: One is that Kranz is better than Vehicle chassis related technology He has worked in BMW for 30 years and has leadership experience in vehicle projects such as X5, Mini, and i series. During the development of the i series, Kranz led the team to do a lot of cutting-edge exploration in the lightweight of electric vehicles, especially BMW’s carbon fiber body technology, which was also highly praised by Apple CEO Cook. The second is that during the establishment of Canoo, Ulrich Kranz led the development of key electric vehicles. Modular vehicle platform and vehicle architecture . The model platform is the support for the series of products launched by the model. Volkswagen’s MEB and Geely’s SEA are both basic platforms built with heavy money. Apple clearly knows this. One of the purposes of introducing Ulrich Kranz is to build a model platform. Before this, there was an episode. In early 2020, there were media reports that Apple intends to acquire Canoo, but Canoo hopes to maintain independent development and can accept investment but refuse to be acquired. Until Canoo completed its listing at the end of last year, Apple naturally gave up the idea of acquisition. But it still has an obsession with Canoo’s vehicle architecture technology, and now it seems that it is poaching away the leaders of Canoo who know the most about technology. Ulrich Kranz, who has extensive experience in vehicle platform, chassis technology, and vehicle research and development, comes to Apple, where smart systems, application ecology, and chip technology are very prosperous, and it is bound to have a wonderful chemical reaction. After entering Apple, Kranz will report to Doug Field, vice president of Apple SPG. Doug Field is a veteran from Apple. He used to be the vice president of hardware engineering for Mac. Later, he went to Tesla to develop the star model Model 3. He went around and went back to Apple SPG. Doug Field currently reports to John Giannandrea, the general manager of Apple’s SPG project. As one of the core technology leaders of Apple cars in the future, Ulrich Kranz’s experience is bound to be imprinted on Apple cars. Therefore, it is necessary for us to get to know Kranz and see what he can bring to Apple cars? 1 30 Years of BMW Merit: Who is Ulrich Kranz? Ulrich Kranz joined BMW’s chassis development department in 1986. In 1995, he went to BMW’s company in Spartanburg as the head of the chassis development department, and then became the project manager of the BMW X5. In 2002, he became the head of BMW Mini product series. In November 2007, he was appointed to lead the team of Project i. This series of experiences can be described as glamorous. After the establishment of the Project i plan, Ulrich Kranz led the team and pulled out a single team to officially start the development of pure electric vehicles. The team initially consisted of 24 people, and in 2010 it had grown to 180 people, mainly composed of people from the BMW Group’s structure, design, and marketing departments. The first electric car of the BMW i series is the i3, which was developed in 2007. At that time, there were very few players on the track, and Tesla was only three years old, and the first car had not yet been handed over. BMW was considered a very forward-looking electric vehicle research and development company. Ulrich Kranz took advantage of the opportunity to become the core person in charge of the BMW i3, known as the “father of i3.” He is also involved in the development of i8. The father of i8 is Bi Fukang, and is now the CEO of Faraday Future. The most prominent aspect of BMW’s electric vehicles is the lightweight design. The body structure of the BMW i3 uses a module called “LifeDrive”. The Life module is mainly the passenger compartment and is made of carbon fiber reinforced composite materials. The most obvious advantage of this lightweight material is to reduce the weight of the car, improve the anti-impact ability of the car body, and increase the luxury of the model. The disadvantage is that it is expensive. The cost of 1 kg of traditional steel is US$1, and the cost of 1 kg of carbon fiber is US$20. In addition to the carbon fiber reinforced composite material used on the roof, the i3’s outer periphery is all made of resin plastic. The Drive module includes batteries, motors, electric drive systems, and suspension, and is mounted on an all-aluminum chassis structure. Due to the addition of carbon fiber materials, the BMW i3 is 250-350 kg lighter than at the beginning of the design, and the curb weight is only 1224 kg. BMW has twice invested a total of US$300 million to build a carbon fiber factory, and mass-produced carbon fiber reinforced plastics and all-aluminum chassis on the i brand models. BMW’s lightweight design concept on electric vehicles has been widely continued. Tesla Model 3 and Weilai ES8 later began to adopt all-aluminum bodies. In fact, BMW’s electric cars are closely related to Apple: In 2014, Apple CEO Cook took a test drive of the BMW i8 outside Apple’s headquarters in Cupertino, California. In August 2015, Cook visited BMW’s Leipzig plant, praised BMW’s innovation in carbon fiber bodywork, and explored the possibility of co-manufacturing Apple-branded cars. However, the two parties only had some cooperation on the car-machine system and CarPlay. Today, Apple Motors has brought Ulrich Kranz under his command, which can be said to bring his rich experience in the development of electric models such as i3 and i8 to Apple. In addition, Ulrich Kranz also has deep development and accumulation of the very key lightweight technology for electric vehicles. It remains to be seen whether these technical capabilities will be reflected in Apple cars in the future. Although BMW is playing high in electrification, it is actually very advanced and forward-looking in many technologies, but it does not have a particularly eye-catching performance on the consumer side. It is a typical representative of early and late events. The main reason is that the price of i3 is not cheap, and there is no bright spot in battery life and intelligence. The other is that the charging infrastructure was not perfect at that time, which led to a bad car experience. Data shows that from 2013 to 2018, the sales of BMW i3 have been flat, with global sales of 311, 16025, 24057, 25528, 31482 and 36829 respectively. At the same time, Tesla, which started in the same period, continued to introduce classic models such as Model S, Model X and Model 3. By 2019, the global sales of all Tesla models will exceed 360,000. At the time when the old and the new changed in 2016, the core team of the BMW i series left one after another. Ulrich Kranz and a group of BMW i R&D and design executives left BMW and invested in the embrace of new car forces. In addition to Ulrich Kranz, the former BMW i-series executives include: Benoit Jacob, former vice president of design of BMW Group and chief designer of i series, Henrik Wenders, former product management manager of BMW i series, and Bi Fukang, former vice president of BMW engineering all went to Byton; Former BMW CFO Stefan Krause, later joined Faraday Future as CFO, founded Canoo, and later ran away; Richard Kim, the original designer of BMW i3 and i8, later joined Faraday Future as the chief designer, and currently serves as Canoo’s vice president of design. Dirk Abendroth, former head of BMW’s i-Powertrain department, later joined Byton to be responsible for the powertrain and automated driving business. He is currently the CTO of Continental’s automotive business. The BMW i-series electric vehicle team can be called the “Whampoa Military Academy” in the early days of the global new car field. Counting from Ulrich Kranz leaving BMW at the end of 2016, he has worked at BMW for 30 years and is an experienced luxury car brand technical expert. After leaving BMW, Ulrich Kranz briefly joined FF founded by Jia Yueting as the CTO. He left 4 months later and founded EVELOZCITY with his former BMW colleague Stefan Krause. Kranz was the CTO. This company changed its name to Canoo in March 2019. It is worth noting that Canoo also had a team in China before. At that time, it also recruited SAIC veteran and former SAIC chief engineer Cheng Jinglei as its next chairman of China. In October 2019, Cheng Jinglei left Canoo. 2 Canoo’s car-making concept: The ultimate electric chassis, the ultimate space EVELOZCITY was established in December 2017 and the company changed its name to Canoo in March 2019. Canoo’s innovation in automobile development is to use electrified technology to carry out a new design of vehicles. It no longer strictly follows the “three compartment” concept-engine compartment, passenger compartment and luggage compartment, but flexibly designs the vehicle shape according to its functions. Canoo pays great attention to the space of the vehicle, so it does not pursue the streamline and the sense of technology when styling, but to maximize the interior space of the vehicle, so the vehicle as a whole looks “fat”. In addition, consumers can freely customize the exterior painting and internal equipment of Canoo vehicles, giving consumers the greatest sense of participation. As the CTO of Canoo, Ulrich Kranz’s greatest masterpiece is the “Patent for Skateboard Electric Vehicle Chassis Technology.” Canoo claims that this chassis is the first true steer-by-wire chassis on the market, and it is the flattest and lowest chassis in the industry-not only can it leave a room for the car Maximized space , Can also make The vehicle is highly modular , Increase the speed of new car development Meanwhile Reduce development costs . According to related reports, Canoo can develop a new car within 18 to 24 months based on their general-purpose chassis, while the traditional car manufacturer’s development cycle for a car is 3 to 5 years. Relying on this core technology, Canoo has also planned a series of model products for itself, including passenger cars, minibuses, freight models, pickup trucks and so on. Canoo initially planned two business models for itself: One is B2B market In addition to selling freight vehicles, Canoo also develops engineering contracting business. Based on Canoo’s R&D technology, it provides design, new car manufacturing, vehicle sales services, and most importantly, vehicle chassis technology authorization services for technology companies, OEMs and suppliers in the field of autonomous driving. For example, in early 2020, Canoo cooperated with Hyundai Motors of South Korea. The plan of the two parties is to create an electric vehicle chassis “suitable for autonomous driving and mass production” based on Canoo’s chassis technology, which will be provided to Hyundai and Kia under the group. Brand use. We later learned that this cooperation was stranded and did not continue. The second is B2C market , Canoo proposed a “subscription” business model. Consumers can apply for a subscription on Canoo’s APP, and after approval, they can pick up the car. After that, they can use the car normally only by paying a monthly fee, and can cancel the subscription at any time without deposit and other complicated procedures. This model was later cut off inside Canoo because it was too difficult to actually operate. There is also an episode in between, that is, in July and August 2019, Canoo’s founder and CEO Stefan Krause stepped down as CEO due to personal issues and left Canoo, while Ulrich Kranz was promoted from the position of CTO to CEO. On Christmas Eve of 2020, Canoo completed a reverse acquisition of Hennessy Capital Acquisition Corp. IV, a SPAC company, and landed on Nasdaq. Before going public, Canoo investor Tony Aquila joined the company as executive chairman. Perhaps it was the intervention of management forces that made Kranz lose power, while Apple was poaching. In the end, Kranz chose to leave and join the Apple car team. As we mentioned earlier, Apple had contacted Canoo in the first half of 2020, because it was interested in its chassis-related technology and hoped to acquire it as a whole, but Canoo refused. On the other hand, Canoo and Hyundai reached a cooperation in February 2020, hoping to use Canoo’s chassis technology to build electric vehicle chassis for Hyundai and Kia. By 2021, some media revealed that Apple is negotiating with Hyundai Motors to co-produce Apple cars. Apple hopes to use Hyundai’s E-GMP modular platform to build electric models. But then there is no more. Judging from these rumors of cooperation and true and false, the tripartite relationship between Canoo, Hyundai Motor and Apple has become very complicated. But the end result is: Apple did not invest in Canoo, which went public on its own. The cooperation between Canoo and Hyundai Motor has gone bad. Apple Cars poached Canoo CEO Ulrich Kranz. We know that Apple has a lot of accumulation in intelligent systems, application ecology, chip design and other fields, and is also investing heavily in the research and development of autonomous driving systems. Now in Apple’s puzzle, there is still a gap in the most basic vehicle technology itself-vehicle architecture and Chassis technology. And now, the ending of the story is pointing in one direction: Apple cars are filling the most missing Vehicle architecture with Chassis technology . 3 The last jigsaw of Apple cars: Vehicle architecture and chassis technology Building a model platform is the basis for car building. The definition of the platform determines the upper limit of the model. At the same time, building a model platform requires a lot of time and a lot of money. Take the Geely SEA architecture as an example. The development of this architecture took about 4 years and an investment of 18 billion yuan (equivalent to US$2-30 billion); top platforms, such as Volkswagen’s MEB architecture, have an investment of up to US$7 billion. Apple cars have the same pursuit of efficiency. Apple urgently needs to create an excellent vehicle architecture and chassis for its own car products. With the addition of chassis expert Ulrich Kranz, it is very likely that Apple will develop its own architecture and chassis instead of using the existing mature platform. For Apple Cars, time is really tight. Next, let’s see how Ulrich Kranz leads the Apple car team to come up with a reliable vehicle architecture and chassis system in the shortest time. Of course, the quickest way is for Apple to acquire a platform architecture and then conduct secondary development, which will be more efficient. On the market, Foxconn is also building MIH, an electric vehicle platform. Zheng Xiancong, who was the executive vice president of Weilai Automobile, joined Foxconn last year as the CEO of the electric vehicle platform. His main task is to promote MIH to a larger market. And Apple Motors is also a very important potential customer for them. After all, the relationship between Foxconn and Apple is inseparable, so it is not ruled out that they will also cooperate in the automotive field. 4 Apple car is on the string Apple set up the “Project Titan” project internally in 2014, and it has been nearly 7 years, and now it is displayed as an SPG (Special Project Group) externally. Although Apple has never officially admitted that it will build a car, the outside world has already assumed that Apple will launch its own car products, because no matter from the scale of investment or the composition of the team, Apple SPG will not be limited to the autonomous driving system. Apple has hired a large number of executives from Tesla, Ford, FCA, GM and other car companies; it has also hired a large number of people from luxury car companies such as Bentley, Porsche, and Aston Martin, including Doug Field, the current executive vice president of Apple Cars. A meritorious figure of Tesla. Now Ulrich Kranz, a hero of BMW, has been recruited. In the past 7 years, Apple’s automotive business line has gradually gathered all-round talents in product definition and design, vehicle engineering, quality management, power battery technology, autonomous driving technology, in-vehicle infotainment and operating systems. At the same time, Apple is recruiting talents at high prices in the fields of AI and autonomous driving, and has deployed a fleet of hundreds of vehicles in California to conduct autonomous driving road tests. The current Apple SPG, with an annual investment of several billion US dollars and a core project team of more than 2,000 people, is ambitious. For the car-building team, this configuration is luxurious. In addition, Apple has successively announced a lot of patented technologies in the automotive field, and there are more than a thousand of them in rough statistics. These patents involve many software and hardware technologies such as autonomous driving, map navigation, positioning services, in-vehicle AR/VR, human-vehicle interaction, virtual rearview mirrors, smart doors, smart anti-collision beams, and smart seats. In addition, in terms of battery technology, Apple has accumulated many patents in the past few years, from the selection of anode, cathode, and electrode liquid materials, to battery production and manufacturing, to the thermal management system of the overall battery pack, and even iron-lithium batteries and solid-state batteries. Technology is all involved. In December 2020, according to Reuters, Apple developed a self-developed Single cell design (Monocell), all the cells can be directly integrated, thereby eliminating the waste of space between the cells of the traditional battery pack. In this way, in the same space, the battery capacity is increased, and a higher endurance can be achieved. Recently, news broke that Apple is discussing battery supply with CATL and BYD, but these are still inconclusive. These true and false news, to a certain extent, reflect that Apple is accelerating the pace of development, and a lot of substantive work has already begun, so it also leaves more clues to the outside world. Apple cars are already on the line. Of course, an Ulrich Kranz cannot decide the direction of Apple Cars, but his participation is definitely an important step in accelerating productization for Apple Cars. Trailer of “The Heart of Cars-Experts” On Thursday, June 24, Japan, 20:00-21:00, Li Lele, general manager of Desay SV Intelligent Driving Assistance Business Unit, will be a guest at the heart of the car

Lufthansa rescue package repayments before the election? The low point of the crisis has been overcome for Lufthansa, said CEO Spohr a few days ago. He hopes to be able to repay the state aid quickly – if possible, before the general election.

editor — Tue, 22 Jun 2021 16:10:10 +0000

Lufthansa rescue package Paybacks before the election?

Status: 06/18/2021 12:37 p.m.

The low point of the crisis has been overcome for Lufthansa, said CEO Spohr a few days ago. He hopes to be able to repay the state aid quickly – if possible, before the general election. According to CEO Carsten Spohr, Lufthansa wants to repay the billions in financial aid from the state in the corona crisis in a few months. “We were one of the first companies that was saved by the federal government. We also want to be one of the first companies to pay back the rescue funds – hopefully before the federal election,” he said in an interview with Chancellor Angela Merkel at the National Aviation Conference. The election date is September 26th. Germany, Austria, Belgium and Switzerland had pledged nine billion euros in government aid to the group last year due to the collapse in business caused by the pandemic, thus saving it from ruin.

June 15, 2021

Airline in crisis Lufthansa wants to get rid of state influence

The largest German airline wants to raise additional money on the capital market for its realignment.

“Low point is behind us”

The group had started preparations this week for a capital increase with which the aid could be paid. “We are switching from crisis mode to transformation mode,” said Spohr. The planned capital increase is an important step towards withdrawing from state financial aid.

Since April, the booking situation has improved significantly due to falling Covid infection numbers, progress in vaccination and the introduction of the digital vaccination pass in the EU. “The low point of the crisis is behind us,” said Spohr. “We’re not back to normal, but now is the time to look ahead with confidence.”

Original Xiabuxiabu share price fell by 70%: executive director was removed, Coucou CEO left; half a year to complete one-fifth of the full-year store opening goal

editor — Sun, 20 Jun 2021 09:40:15 +0000

Produced | Sohu Finance

Author | Gu Zitong

On the evening of June 14, Xiabuxiabu issued an announcement stating that its board of directors had held an extraordinary general meeting to remove Zhao Yi as an executive director.

In terms of the reasons for the recall, the Xiabuxiabu Board of Directors believes that Zhao Yi’s management methods and concepts are significantly different from those of other members of the board of directors, and that allowing Zhao Yi to continue to participate in the management of the company will not be in the overall best interests of the company and its shareholders. The board of directors believes that if the recall takes effect, it will not have a material adverse effect on the group’s operations.

It is worth mentioning that on May 20 this year, Zhao Yigang was dismissed from the post of chief executive officer of Xiabuxiabu.

Within two months, there have been three personnel changes in the senior management of Xiabuxiabu.

In terms of stock price, as of the close of trading on June 15, Xiabuxiabu’s share price has fallen 68.5% from the high in February this year to 8.5 Hong Kong dollars per share. The market value has evaporated by more than 20 billion Hong Kong dollars (about 16.5 billion yuan) in four months.

Three high-level personnel changes during the year, the stock price fell by nearly 70%

On May 20 this year, Xiabuxiabu issued an announcement stating that Zhao Yi was dismissed from the post of Xiabuxiabu’s chief executive officer because the performance of some of the group’s sub-brands failed to meet the expectations of the board of directors.

On May 21, He Guangqi, the founder and chairman of the board of directors of Xiabuxiabu, told the media including Sohu Finance that the appropriate flow of company personnel is a good thing for the group, because Xiabuxiabu’s previous performance in East China and South China was not good. It’s too ideal, so I consider taking over the surgeon’s adjustment and promotion personally.

According to Wind data, Zhao Yi joined Xiabuxiabu on November 12, 2012, and is mainly responsible for group auditing, accounting, financial management and IT-related affairs. From November 2012 to August 2019, Zhao Yi was the chief financial officer of Xiabuxiabu; from August 2019 to May 2021, Zhao Yi was the executive director and chief executive officer of Xiabuxiabu.

Before joining Xiabuxiabu, Zhao Yi served as the Commercial Manager of Unilever Services Co., Ltd., the Director of Retail Operations of Sony Ericsson, and the Chief Financial Officer of McDonald’s North.

As early as October 2019, Xiabuxiabu launched a young sub-brand “in xiabuxiabu”. Zhao Yi once publicly stated that the brand was launched by him personally, optimistic about the high-end development of small hot pot, and hoped to make the “one person, one pot” small hot pot to the extreme.

It is reported that the unit price of “in xiabuxiabu” is around 110 yuan, which is between Xiabuxiabu and Coucuo. So far, the brand has only opened two stores in Shanghai and Beijing.

As of last night’s announcement, Zhao Yi has been removed from the position of executive director of Xiabuxiabu, and currently has no current position in Xiabuxiabu.

It is worth noting that this is also the third change in Xiabuxiabu’s senior personnel in the past two months.

In April of this year, Zhang Zhenwei, the COO of the Coucou brand under Xiabuxiabu, confirmed to Sohu Finance that he would no longer serve as the COO of Coucou Catering from April 15th, and at the same time step down from all other positions related to Xiabu Xiabu Group and Coucou Catering.

Zhang Zhenwei revealed that he left Coucou for his current new catering business project.

Goldman Sachs previously issued a report stating that Zhang Zhenwei, CEO of Coucou, under Xiabuxiabu, has strong execution and investors need to pay attention to the risks associated with the departure of Coucou’s CEO. On the day Zhang Zhenwei announced his resignation, Xiabuxiabu’s share price fell nearly 15%.

The executives have left their posts successively, and the current major operations of the various brands of Xiabuxiabu are under the unified responsibility of the chairman He Guangqi.

It is reported that He Guangqi is the founder of Xiabuxiabu and serves as the chairman of the board of directors, chief executive officer and executive director of Xiabuxiabu. He is mainly responsible for formulating the group’s overall development strategy and business plan. He has more than 20 years of experience in the catering industry. Up to now, He Guangqi holds 41.46% of the shares of Xiabuxiabu.

One-fifth of the goal of opening stores in 2021 will be completed in half a year, and the number of new stores will be lowered

As of the close on June 15, the share price of Xiabuxiabu was reported at 8.5 Hong Kong dollars per share, a drop of nearly 70% from the February high. The market value had evaporated by more than 20 billion Hong Kong dollars (about 16.5 billion yuan) in four months.

Except for frequent high-level turmoil, Xiabuxiabu’s financial data has been bleak in recent years, and there has been no significant improvement in the later stages of the epidemic.

The financial report shows that Xiabuxiabu will achieve revenue of 5.455 billion yuan in 2020, a year-on-year decrease of 9.5%; net profit attributable to shareholders is 1.837 million yuan, a year-on-year decrease of 99.4%; net loss after non-deduction is 180 million yuan, a year-on-year decrease of 176.36%.

Sohu Finance found that Xiabuxiabu’s net profit growth rate has shown a downward trend for five consecutive years. From 2016 to 2020, Xiabuxiabu’s net profit growth rate was 39.74%, 14.17%, 10.07%, -37.71% and -99.36%, respectively.

In addition, the Taiwan turnover rate of Xiabuxiabu has also been declining year by year. From 2017 to 2020, the Taiwan turnover rate was 3.3, 2.8, 2.6 and 2.3 respectively.

As the main growth engine of Xiabuxiabu in recent years, Cocoa Hotpot will contribute 31% of total revenue in 2020. However, the turnover rate in 2020 will also drop from 2.9 in 2019 to 2.5.

In 2020, Xiabuxiabu will add 77 stores, including 39 Xiabuxiabu restaurants and 38 Coucuo restaurants, bringing the total number of restaurants to 1,201.

Previously, Xiabuxiabu had expected to open 100 new stores in 2021, but as of May 21 this year, it only opened 20 new stores, which is far below the target.

Xiabuxiabu Group CFO Yu Xiaofang previously stated that in order to solve the current development bottleneck, the group has made a series of adjustments. Previously, the vice president of development in charge of Cou Cou has also been transferred to the group level while managing Cou Cou and Xiabuxia. Bu, the speed of opening stores will also accelerate in the future.

He Guangqi told Sohu Finance that he would lower the target number of stores this year.

“Coucuo’s business will continue to focus on opening stores and the continued growth of the old store business in the short term. Before this, the tea and beverages part has declined, mainly due to the unavailability of imported raw materials due to the epidemic.” He Guangqi said.

Tesla will continue to allow bitcoin transactions with conditions

H.Thủy (Theo Reuters) — Fri, 18 Jun 2021 23:28:12 +0000

Tesla Inc CEO Elon Musk expressed his belief that digital currency has a promising future, but it cannot come at a hefty price tag for the environment.

Billionaire Elon Musk speaks at an event. Photo: AFP/VNA Tesla Inc CEO, billionaire Elon Musk, on June 13 posted on his personal Twitter page that the electric vehicle maker will accept bitcoin transactions when miners use a lot of energy. more renewable in the operation of “mining” this digital currency. The post of the head of Tesla states: “Once there is confirmation of a reasonable (about 50%) use of clean energy by miners with an upward trend in the future, Tesla will continue to allow bitcoin transactions”. Bitcoin jumped 5.1% to 37,360.63 USD/bitcoin on June 13 following the post of billionaire Elon Musk. The above post comes after the scientific journal Nature recently published a study that found China’s bitcoin “mines” pose a threat to the country’s climate goals. These mines account for nearly 80% of the world’s cryptocurrency transactions and partly use the energy of coal-fired power plants. Billionaire Tesla expressed his belief that digital currency has a promising future, but it cannot come at a hefty price for the environment. In addition, Mr. Musk also reacted to the article raising the possibility that billionaire Elon Musk regularly affects the value of bitcoin in one direction or another for his business benefit. The Tesla chief said that the company sold about 10% of its bitcoin holdings to confirm that the digital currency has easy liquidity without volatility to the market. Earlier in February 2021, Tesla revealed that it had purchased $1.5 billion in bitcoin and would accept it as a form of payment for cars. But in May, billionaire Musk reversed the decision, citing long-standing environmental concerns around mining this coin. Bitcoin dropped more than 10% in value shortly thereafter.

Tesla only accepts Bitcoin payments if it uses clean energy

editor — Fri, 18 Jun 2021 15:34:11 +0000

Elon Musk said that electric car company Tesla will restore payments in Bitcoin if the trader can prove it uses renewable and cleaner energy.

On June 13, Tesla CEO tweeted that he will accept Bitcoin electric vehicle payments again. However, this only happens when Bitcoin miners can prove that about 50% of the energy they use is clean energy. According to Reuters, Bitcoin price increased 5% to 37,360.63 USD at 1:10 am on June 14 (Vietnam time) after Mr. Musk’s tweet. Musk also said that Tesla will sell about 10% of its Bitcoin holdings to show that Bitcoin can be easily liquidated. During the first quarter of the year, Tesla sold about $272 million in “virtual assets,” which reduced its operating loss by $101 million. Tesla CEO comments about cryptocurrencies often cause price fluctuations. As a result, he was criticized by CEO Magda Wierzycka of asset management company Sygnia as a “market manipulator” and that the US Securities and Exchange Commission (SEC) should investigate. In February, Tesla revealed in an SEC filing that it had purchased $1.5 billion in Bitcoin and would accept Bitcoin as payment for its products. However, then the electric car company paused due to concerns about the method of mining virtual currency, which requires huge electricity consumption, affecting climate change. “We are concerned about the rapidly increasing use of fossil fuels to mine and trade Bitcoin, especially coal, which is the worst emitter,” Musk tweeted in May. Du Lam (According to Reuters)

Apple hires former BMW CEO to develop electric cars

Thanh Thư — Wed, 16 Jun 2021 19:15:09 +0000

Apple Inc has hired Ulrich Kranz, former senior CEO at BMW AG’s electric vehicle division, to help with its vehicle initiatives, according to Reuters.
Mr. Kranz will work with Doug Field, the man who runs Apple’s electric vehicle business, which has previously made Tesla’s development what it is today.

Apple hires former BMW CEO for electric car project. The iPhone maker’s car-making efforts, known as Project Titan, have progressed unsatisfactorily since 2014. At this point, Apple began designing its own vehicles for the first time. In December 2020, Reuters reports that Apple is working on self-driving car technology and aims to produce a passenger vehicle, including breakthrough PIN technology, by 2024. Previously, in 2018, the tech giant Apple hired former Tesla design chief Andrew Kim, sparking speculation that Apple was once again trying to develop its own car. The timing of Apple’s hire of Andrew Kim seems to coincide with Doug Field’s return to Apple as well. Looking at the profile of Andrew Kim, this designer has contributed to Tesla’s hit models Model 3, Model S, Model X, Model Y as well as Roadster V2 and Semi. Before taking on a major role at Tesla, Kim spent three and a half years at Microsoft, where he developed user interfaces and Windows 10 products such as HoloLens and Xbox One S.

Business owner with 500 trillion capital: ‘Money is not available, but gray matter is abundant’

Thy Huệ — Wed, 16 Jun 2021 19:11:07 +0000

During an online “press conference” on his YouTube channel, Nguyen Vu Quoc Anh repeatedly affirmed that the number of VND 500,000 billion is nothing for the reason that he has too much brainpower.
On the morning of June 15, as promised, Mr. Nguyen Vu Quoc Anh, General Director of the Global Auto Technology Investment Group Joint Stock Company (Auto Investment Group) held a “press conference” to answer related questions. information to register the company’s charter capital of VND 500,000 billion.

Like how he surprised, this press conference was no exception. Accordingly, from June 14, many people “fall back” when they received the notice of the CEO of this tens of billions of dollars in the status line on their personal Facebook: “Press conference will be held tomorrow Tuesday, June 15, 2021 on YouTube broadcast at 9:00 AM – 11:30 AM “. Mr. Nguyen Vu Quoc Anh, General Director of Auto Investment Group in an online “press conference”. The CEO’s online “press conference” attracted hundreds of views at the same time with the same number of comments. Most of them are people out of curiosity, want to see how. The content of the comments were all encapsulated in the advice of Nguyen Vu Quoc Anh “to be confused, less explosive, less delusional”. Some people also think that the CEO of Auto Investment Group is “crazy” when holding a press conference but only monologues with the computer. At the beginning of the story, Nguyen Vu Quoc Anh shared the company’s “great” ambition with the desire to digitally transform businesses and state agencies as well as individual business households; oriented to become a technology corporation representing Vietnam to the world to compete with other illustrious corporations to bring foreign currency to Vietnam. “This year’s revenue is expected to be about 10,000 billion from July to December. Since we have not been able to promote the markets of India, the US and China, I have not been able to open it yet, at the end of this June I will open the markets. this to bring in revenue for our market.Of course people think the number is huge but to me it is nothing. In 2022, I have to bring in 1 billion USD, don’t say our corporation is a startup, I am not a statup, if you think I am a startup, you are wrong. We go 500 times faster than the startup, next year’s revenue of 1 billion USD is not big for me, only approximately 25,000 billion VND. By 2023 – 2025 trying to bring in 30 billion USD, this number is formidable. We will cover 250 countries… In 2025-2027, the revenue is 50 billion USD, this number is really not small but also not big with our vision. In 2025, we will build a financial business center and automatic replication in Vietnam, if it is favorable, we will build 17 buildings representing 17 of our companies. Investment capital is about 30 billion USD, I said I will make it. CEO Auto Investment Group promises. The online “press conference” of the “big CEO” attracted hundreds of views at the same time with the same number of comments. With these huge numbers, it seems that everyone will pay special attention, but most followers just want to know how much money Anh’s huge corporation has “stored” in the account. However, his answer was once again shocking: “I have a lot of gray matter, I don’t have money right now, but if I have gray matter, I will have it all” . To make the argument convincing, Mr. Nguyen Vu Quoc Anh mentioned potential investment sources that can be easily mobilized: “Please Mr. Hai, Mr. Ba, Mr. Tu, Mr. Nam (big businesses in Vietnam) to support his brother, each person contributing a few billion dollars to the youngest brother is also an ok number… I want you alone. youngest brother, I wish my parents were the State. My brother and I are the big men of Vietnam who have the support of the youngest, of course we go out and play with them. It’s as simple as that.” For more than 1 hour “hosting the online press conference”, the information “remains” in the followers that this is an 8X CEO with “superior talent”. Because, through the information shared, it can be confirmed that at the moment, Nguyen Vu Quoc Anh does not have much. According to the research of PV VTC News, the Global Auto Technology Investment Group Joint Stock Company has its head office located on the 46th floor, Bitexco Financial Tower building (2 Hai Trieu Street, Ben Nghe, District 1, Ho Chi Minh City). .HCM). This company has 3 founding shareholders, in which Mr. Nguyen Vu Quoc Anh contributed VND 499,998 billion and 2 other individuals contributed VND 1 billion each, Nguyen Thi Diem Hang and Luu Huu Thien. The comments are all encapsulated in the advice of Nguyen Vu Quoc Anh to “be less confused, less explosive, less delusional”. Immediately after the announcement, this information immediately attracted the attention of many people. Because with the above charter capital, this enterprise is far ahead of the leading economic groups in Vietnam at the moment. However, according to the actual research of PV VTC News, the office address on the 46th floor, Bitexco Financial Tower building that Mr. Nguyen Vu Quoc Anh registered the company’s headquarters in is a virtual office. This office is currently operated by Compass Office (an enterprise specializing in providing virtual and serviced office rental services). Currently, the group’s only location is the private house of the CEO of 8X himself, an old grade 4 house on 3rd Street (Neighborhood 2, Phuoc Binh Ward, Thu Duc City, Ho Chi Minh City).

Shell announces Zuo Hui as “Eternal Honorary Chairman” and Peng Yongdong as Chairman and CEO | Titanium News

editor — Wed, 16 Jun 2021 04:15:07 +0000

Titanium Media News | May 24 News : After Zuo Hui passed away on May 20 due to a worsening condition, who will take over Zuo Hui’s management of shell house finding has become the focus of attention from the outside world. This evening, Shell Search announced that the company’s co-founder, CEO and executive director Peng Yongdong replaced Mr. Zuo Hui as the chairman of Shell, and appointed Shell’s chief operating officer, Mr. Xu Wangang, as the executive director of Shell. At the same time, Shell announced that Mr. Zuo Hui was the “eternal honorary chairman” of the company to commemorate his great contribution and precious spiritual heritage. At the same time, Shell’s announcement also revealed that, from now on, the audit committee of Shell House Search Company is composed of Ms. Chen Xiaohong (Chairman), Mr. Xu Wangang and Ms. Chen Yu; the company’s remuneration committee is composed of Ms. Chen Yu (Chairman), Mr. Peng Yongdong and Ms. Chen Xiaohong; The Company Nomination and Corporate Governance Committee consists of Mr. Dan Gang (Chairman), Ms. Chen Xiaohong and Ms. Chen Yu. The appointment of the chairman and management team of Shell Search Regarding Zuo Hui’s long and sudden death, Peng Yongdong said: “It is very sad that we have lost a founder who laid our business and mission, and the residential industry has lost a leader who has always been exploring and innovating.” Peng Yongdong believes that from the chain home to Shell, Zuo Hui has spent 20 years setting up road signs one after another for China’s housing transaction and residential service industry. These valuable legacy will guide the company to continue to move forward. At the same time, Zuo Hui’s beliefs and values are deeply integrated into the company’s DNA, allowing the management team to be stable and orderly and the organization to grow and grow sustainably and healthily. “As the founder of Shell, in the past, Mr. Zuo Hui was the chairman of Shell; after today, Mr. Zuo Hui is the “forever honorary chairman” of Shell. In this way, we hope to always remember Mr. Zuo Hui and his spirit. I even hope that all shellers can walk on the slow and long snow road of the residential service industry with the spirit of doing the’difficult and right things’,” said Peng Yongdong. According to public information, Peng Yongdong graduated from Zhejiang University in 2001 with a major in electrical engineering. From 2006 to 2010, he served as a senior consultant for IBM strategy and change, providing strategic consulting services for China Mobile, China Telecom, and Lianjia. Judging from Peng Yongdong’s resume at Lianjia, he has been entrusted by Zuo Hui with important responsibilities, which can be said to be an important promoter of Lianjia’s development from a purely offline brand to an online platform. After joining Lianjia in 2010, Peng Yongdong founded the real estate service platform “Lianjia.com” in 2014 and served as the CEO. In 2017, he promoted an open strategy to promote the interconnection of the industry. In 2018, Peng Yongdong, as the co-founder, launched the technology-driven new residential digital service provider “Shell Finding Housing” and became the CEO. A year later, Peng Yongdong announced the creation of the industry’s first school to help store owners achieve professionalism-Huaqiao Academy and served as the principal, starting the professionalization of store owners. On August 13, 2020, Zuo Hui and Peng Yongdong led Shell to officially land on the New York Stock Exchange. Judging from Peng Yongdong’s historical speeches, Peng Yongdong and Zuo Hui’s strategic vision for the residential industry is very similar. In Peng Yongdong’s view, the essence of the residential service industry is the information service industry, behind the information is data, and behind the service are people. The service industry is an industry that relies on “people”. In terms of “people” standards, Peng Yongdong proposed to build new standards with professionalism. For example, Shell House is trained independently by recruiting college students, and with strict professional standards, professional division of labor and integrated services, a stable commission mechanism, and a professional environment conducive to cooperation, so that industry service providers can obtain professional growth and respect. and While affirming the value of the service provider and the digital value, Peng Yongdong, who is a technical background, has a deeper understanding of the digitalization of the industry. “I firmly believe that with the trust and support of consumers, employees, shareholders and partners, the Shell management team will unite and unswervingly complete the legacy of Mr. Zuo Hui, which is also our common mission:’Dignified Servants, better living’.” Peng Yongdong of Shell concluded. At present, although Zuo Hui’s death is a major loss to Shell, the management team he built for Shell has in-depth insights and practices for the residential industry Internet. Under the guidance and encouragement of the core business values of Zuo Hui, the founder of Shell, the Shell management team has been working together for many years, working in a coordinated, stable and orderly manner along the way, continuously improving the basic service quality of the residential industry, and constantly creating long-term value. Shell’s latest financial report shows that Shell’s operating income in the first quarter of 2021 reached 20.7 billion yuan, a year-on-year increase of 190.7%, which exceeded Shell’s previous performance guidance ceiling and market consensus. (This article first published Titanium Media App, author｜Gao Mengyang)

Frontline | Shell CEO Peng Yongdong appointed Chairman Zuo Hui as “Eternal Honorary Chairman”

editor — Tue, 15 Jun 2021 19:20:08 +0000

Tencent News “First Line” Tang Yuanyuan On May 24th, Beijing time, Shell Search (KE.NYSE) issued an announcement stating that Shell CEO Peng Yongdong was appointed as Shell’s chairman and Shell’s chief operating officer Mr. Xu Wangang was Shell’s executive director. At the same time, Shell announced that Mr. Zuo Hui was the “eternal honorary chairman” of the company to commemorate his great contribution and precious spiritual legacy. On May 20, Shell officially issued an obituary stating that the founder and chairman of Shell Zuo Hui passed away due to an unexpected deterioration of illness.Zuo Hui, the founder of Shell Company, passed away At that time, Shell officials stated that the company’s board of directors will make appropriate arrangements for corporate governance and related matters, and will issue an announcement in due course within two weeks. Peng Yongdong joined Lianjia in 2010 and served as the deputy general manager. Since 2014, he has served as the CEO of Lianjia.com, and since 2018, he has served as the CEO of Shell House Search. It is understood that when Peng Yongdong was serving as the senior consultant of IBM strategy and change, Zuo Hui was favored by Zuo Hui during the service of Lianjia and invited him to be an executive of Lianjia. Regarding Zuo Hui’s death, Peng Yongdong issued an internal letter “Bye Lao Zuo” on May 20. Peng Yongdong said that Shell has lost a founder who established our career and mission, and the housing industry has lost a leader who is always exploring and innovating. He said, “The spirit of the old left will always inspire us, unswervingly insist on long-termism, and unite as one to do the difficult and right things for the development of the new residential industry!” Shell’s results for the first quarter ending March 31, 2021 show that Shell’s operating income in the first quarter of 2021 reached 20.7 billion yuan, a year-on-year increase of 190.7%; net profit was 1.059 billion yuan, and adjusted net profit was 1.502 billion yuan. . Shell said in the announcement that the company’s executive directors, senior management and Propitious Global Holdings Limited (and the family trust that manages its equity interests) promised that within 365 days from now, they will not sell, transfer or otherwise dispose of their current holdings. There are common stocks or American depositary shares of any company. The following is the announcement of the shell house finding: Shell announces Zuo Hui as “Eternal Honorary Chairman” and Peng Yongdong as Chairman and CEO On May 24, the company’s board of directors decided to appoint Peng Yongdong (S) as the chairman of Shell, and Xu Wangang (A-Gump) as executive director of Shell. At the same time, the company announced Zuo Hui as the company’s “eternal honorary chairman” to commemorate his great contribution and precious spiritual legacy. The following is S speech: It is very sad that we have lost a founder who established our career and mission, and the housing industry has lost a leader who is always exploring and innovating. From Lianjia to Shell, Mr. Zuo Hui has spent 20 years setting up road signs one after another for China’s housing transaction and residential service industry. These valuable legacy will guide the company to continue to move forward. At the same time, Mr. Zuo Hui’s beliefs and values are also deeply integrated into the company’s DNA, so that the management team is stable and orderly, and the organization’s growth is sustained and healthy. As the founder of Shell, in the past, Mr. Zuo Hui was the chairman of Shell; after today, Mr. Zuo Hui is the “eternal honorary chairman” of Shell. We hope that in this way, we will always remember Zuo Hui and his spirit. I also hope that all shellers can persevere on the slow and long snow road of the residential service industry with the spirit of “doing the hard and right things”. I also firmly believe that with the trust and support of customers (consumers), employees, shareholders and partners, the Shell management team will unite and unswervingly complete the legacy of Mr. Zuo Hui, which is also our common mission: ” A dignified service provider, a better residence.” ――Peng Yongdong (S)

The richest town in the United States: an average of $500,000 per year is the bottom “poor”, known as the CEO town

editor — Thu, 10 Jun 2021 02:55:08 +0000

Atherton, located in San Francisco, USA, is a suburban town about 40 minutes away from the city center.

However, such a small town has been ranked as the richest town in the United States for many years, and its wealth will definitely refresh your new understanding.

Although it is more than 40 minutes away from the city center, it is only a dozen minutes away from the world’s most influential headquarters of Google, Tesla, and Facebook.

However, the people who live in suburban towns are not employees of these high-tech groups, but a large group of presidents.

More than a hundred years ago, Atherton was originally the most common agricultural town in the southern suburbs of San Francisco.

Later, with the rapid development of San Francisco, Silicon Valley gave birth to many high-tech companies that affected the world. Atherton, far away from the city center, had a quiet life and became a place where many CEOs bought real estate.

In just a few decades, Atherton’s housing prices soared like a rocket.

The most common house today is as high as 7 million U.S. dollars, and some large-scale luxury houses require more than 30 million U.S. dollars.

If it is some well-built manor, the price of more than 100 million US dollars is not surprising.

The reason why it is loved by these wealthy people is that Atherton is not far or near in distance, it can avoid the hustle and bustle of the city center, it can also provide a certain degree of privacy for the wealthy, and it can also facilitate work.

In addition, it is also a small town with investment value.

Over the past ten years, Atherton’s housing prices have risen by a minimum of about three times. If it was purchased 10 years ago, the price of a villa today is comparable to a huge windfall.

Of course, for those listed CEOs, Atherton’s real estate is just one year’s income. Living in Atherton is more of an identity in the circle.

Imagine that your neighbor is either the CEO or the chairman of a world-class company. This kind of high-level social interaction is itself a resource.

Children in public elementary schools are still descendants of high elites. In such an elite-to-elite atmosphere, the descendants educated by them will not be bad.

For example, there is an equestrian club in the town, and its membership costs hundreds of thousands of dollars a year.

In daily life, rich people can take their families to ride horses, and horse races and other activities are held every year.

But most of the time, its existence is dedicated to the social services of the rich.

In fact, Atherton’s package is not perfect.

When we buy a house, we will consider supermarkets, commercial districts, subways, hospitals, parks, schools and other facilities. But except for a park and three public elementary schools, Atherton’s daily life is not convenient.

For example, if you have to drive to the city center for shopping, you have to drive more than ten minutes to a big town for meals.

Of course, the lives that we ordinary people consider are trivial matters to the rich, and naturally someone will handle such trivial matters.

For the residents of Atherton, being clean and undisturbed is what people want.

In Atherton during the day, people are often not visible on the sidewalk.

The manor houses and villas of every house are tightly fenced to avoid being snooped by strangers.

The exquisite and luxurious mansions are like small worlds. People do not disturb each other. This is the life circle of the rich.

There are about 7,000 residents living in Atherton.

Except for the aboriginals, all those luxury houses were purchased by the rich in Silicon Valley, so Atherton was also dubbed the CEO town by outsiders.

Here, meeting a CEO with tens of millions of dollars in assets is not unusual.

The gathering of the rich has made Atherton’s per capita income far ahead every year.

According to the latest calculations, Atherton’s family has an average annual income of more than 520,000 U.S. dollars, and an annual income of 500,000 U.S. dollars (approximately RMB 3.4 million) is still the “poor” at the bottom of the town.

And this is still an average. What is the annual income of those top families?

Mr. Nguyen Tu Quang: ‘Bkav uses salt water to rinse his mouth to test for Covid-19’

Trọng Đạt — Wed, 09 Jun 2021 05:25:10 +0000

According to CEO Nguyen Tu Quang, testers only need to gargle with salt water, then take this solution to be tested to be able to identify the virus infection.
This is the statement made by Mr. Nguyen Tu Quang at the event “How AI, Blockchain contribute to the fight against the epidemic”. Accordingly, the head of Bkav affirmed that the company is developing technology to help find people infected with Covid-19 through physiological saline solution.

Explaining the mechanism of action of this method, Mr. Quang said, test participants will be gargling with salt water. This solution is then put into a test tube and placed in the test device. If in other methods, the time to return the results will take from half an hour to several hours. Meanwhile, with this method, it only takes 10 seconds to produce results, Mr. Quang shared. Bkav CEO Nguyen Tu Quang. Photo: Trong Dat To do this, Bkav uses a frequency band of light shining into the test tube containing the patient’s saline solution, which is collected by the sensor at the output. Bkav’s artificial intelligence technology will help measure how much frequency is absorbed. Different frequencies of absorption produce different types of disease, in this case Covid-19. Mr. Quang said: “The naked eye can’t recognize the difference of those absorption frequencies. We have to train the AI to know which is the specimen of the Covid patient and which is the human sample. not infected with Covid-19”. According to Quang, Bkav’s method of testing for Covid-19 with saline mouthwash solution will give faster results than conventional methods. The founder of Bkav company said that compared to the method of testing Covid-19 by breath, the salt water test technology is simpler, with the investment money for a testing unit much cheaper, even almost no cost. This test method has been tested by Bkav since the end of 2020 at the Central Hospital for Tropical Diseases. “Initial results were recorded as positive with a recognition rate of over 90%,” Mr. Quang said. According to CEO of Bkav, this business is the second company in the world to develop saline testing technology. Previously, a company in Israel had developed this technology.

CEO Jan Koum- The creator of the app with 2 billion users

Đức Giang — Mon, 07 Jun 2021 07:38:21 +0000

Billionaire Jan Koum is one of the few billionaires with a ‘poor’ start, living on pensions. But he rose to build the popular messaging app WhatsApp, which was later acquired by Facebook for $19 billion.

Rejected by Facebook Jan Koum is of Jewish descent, born in 1976 into a poor family on the outskirts of Kiev, the capital of Ukraine. Koum’s father worked as a hospital and school construction manager, and his mother worked as a housewife. At the age of 16, Koum followed his mother and grandmother to the US to settle first, intending to settle down to welcome his father. They live off social welfare, from food stamps for those who cannot afford food. Koum’s mother takes care of the kids to earn extra money, while Koum cleans a grocery store. Koum still uses notebooks and pens brought from Ukraine because he lacks money to buy them. In 1997, when Koum was 21 years old, his father died in his hometown. Three years later, Koum’s mother also died in the US from cancer. In high school, Jan Koum didn’t have many friends and was seen as an outcast. He almost failed to graduate because of his lack of education. Jan Koum finds joy in his old computer. This time, Koum joins a hacker group called woowoo. With the experience gained from this hacker group, he applied for the exam and entered the University of San Jose. During his studies, he worked for Ernst and Young Auditing Company in the position of security vulnerability tester. In 1997, he ran into Yahoo employee Brian Acton. With the help of Acton, Koum got a job in cybersecurity six months later at Yahoo. Koum decided to leave school to focus on working for Yahoo. After 9 years at Yahoo, Koum rose to the position of infrastructure manager. In 2007, Koum and Acton both quit their jobs at Yahoo, spending time traveling South America in search of new inspirations. When they returned, the two applied to Facebook together, but were rejected. During his unemployment, Koum mulled over his next job. Buying an iPhone, Koum realized he could succeed with apps from the App Store. Koum came up with the idea to let people set up status updates on their phones. He said: “I am annoyed because I miss a lot of calls when I am at the gym. So I came up with the idea of an app that lets friends know if the person on the other end of the line is ready to take a call, with a feature called “status”. We didn’t originally plan to start a company, we just wanted to make a product that people could use.” In February 2009, Koum and Acton co-founded WhatsApp, turning the product into a messaging app. At first, the cost to verify SMS for users cost about 500,000 USD/month, making Koum’s bank account almost exhausted. By December 2009, they updated a new version for WhatsApp on iPhone, making it possible for this application to send images, immediately the number of users increased. To ensure coverage, WhatsApp charged about $1 a month to use, which brought in about $5,000 in revenue in early 2010, enough to cover expenses later. By February 2013, when the number of WhatsApp users reached about 200 million and the number of employees was 50, Acton and Koum decided to organize a fundraiser and was invested 50 million USD by Sequoia Investment Fund, increasing the value of WhatsApp to 1 , 5 billion USD. The founding duo is very concerned about security for users. “We want to know as little of the user’s information as possible. We don’t run ads, so we don’t need personal data,” Koum said. WhatsApp quickly grew without any marketing or PR campaigns, especially in less developed countries where users rely heavily on SMS messages. Return to conquer the big man WhatsApp’s growth caught the attention of Facebook’s CEO. In 2012, Mark Zuckerberg phoned Koum to express his interest in WhatsApp. The two then kept in touch, often climbing mountains and chatting about the topic of world connection. In February 2014, Zuckerberg met Koum and offered to buy WhatsApp for $19 billion (including $4 billion in cash, the rest in Facebook stock). At the time Facebook acquired WhatsApp, the app had 450 million monthly active users. In 2019, this number has reached 1.5 billion. By February 2021, the application has surpassed 2 billion users in 180 countries, is the world’s most popular free messaging application over the internet today. However, the sale of WhatsApp by co-founders Jan Koum and Brian Acton is said to be a bad decision. The biggest split between WhatsApp and Facebook is the messaging app’s monetization policy. Koum and Acton have resisted the adoption of Facebook’s widespread advertising model, which uses personal data to allow marketers to show ads to specific sets of customers on the social network. Those disagreements have led to tensions with Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg. Acton left WhatsApp in 2017, 8 months later Jan Koum also left. “I sold my company. For great personal gain I sold my users’ privacy to Facebook. I made a decision and compromised with that and I regret it” – Jan Koum shared with Forbes. After the two founders left, Facebook persisted with the policy given to WhatsApp. In early January 2021, WhatsApp made a controversial decision, when it changed its policy and terms of use, requiring WhatsApp users to agree to the sharing of their personal information with the parent company Facebook. and Facebook affiliated companies. According to WhatsApp, sharing information will help this application better understand users, in order to improve and enhance the quality of the service. However, this move of WhatsApp has angered many users and called for a boycott of the application, because they do not want to share their information with Facebook. Many WhatsApp users have switched to other free internet messaging apps and services, like Telegram and Signal. In 2014, Jan Koum entered Forbes’ list of the 400 richest Americans at number 62, with an estimated net worth of $7.5 billion. As of August 2020, his net worth is estimated at $10 billion.

Share price related to ‘Baby Shark’ song soars after Elon Musk’s tweet

Đức Anh - — Sun, 06 Jun 2021 13:33:08 +0000

Once again, billionaire Elon Musk, CEO of electric car company Tesla, showed his ability to “manipulate” the market through his tweets…

Billionaire Elon Musk – Photo: Bloomberg Recently, Elon Musk’s tweet about the popular children’s song on YouTube “Baby Shark” helped the stock price of a related company increase sharply, according to Bloomberg. Specifically, on the morning of June 2 (Asia time), Musk tweeted: “Baby Shark crushes them all! Views are more than the population of the earth.” Immediately, the share price of Samsung Publishing Co., a shareholder of the “Baby Shark” manufacturer, increased by 10% to the highest level since May 7. Since 2018, when the song became popular, the stock price has quadrupled. The song “Baby Shark” (Doo Doo Doo Doo Doo Doo) started to hit the headlines in 2018, charting on the Billboard Hot 100 for weeks and now has nearly 8.7 billion views on YouTube. Even last month, a virtual currency named Baby Shark. The influence that turned the financial markets around from Elon Musk’s tweets made many investors concerned and called for authorities to step in. Many losers angrily urged him to stop using Twitter. Earlier this year, the move to change the personal description on Twitter to #bitcoin led many investors to speculate that the world’s richest billionaire bought into Bitcoin, pushing the price of this virtual currency up 20% to $ 38,566 – a record level. record that time. Less than 24 hours later, Elon Musk sent the stock price of CD Projekt, the company behind Cyberpunk 2077, up more than 12% after announcing on Twitter that Tesla’s new Model S Plaid electric car version would allow the guests play this game in the car. Not long after, the Tesla boss sparked a wild rally in GameStop stock after tweeting: “Gamestonk!!” with a link to WallStreetBets – a subpage of the Reddit information aggregator website. “Gamestonk” is a combination of GameStop and “stonks” – a slang word for stocks. “He knows he has great influence and has shown he enjoys playing with it, even if it hurts his followers,” said Heidi Chakos of Portugal, a Bitcoin investor. since 2014, told the Wall Street Journal. Meanwhile, Freetrade analyst Dan Lane said: “It’s ironic that Elon Musk has the ability to shake the market. Maybe it’s time to discuss the legality of this.” While waiting for the authorities to step in (if any), many investors still look to Musk’s tweets for investment direction, even considering him as a “hero”. Although later, when they lost, they turned to criticize him. However, it should be clear that, while the Tesla boss makes a point on everything from cryptocurrency Dogecoin to GameStop stock, he is actually an entrepreneur, not a portfolio manager. fourth. Musk isn’t the only one influencing the market through social media. Over the past year or so, many celebrities, from hedge fund managers to CEOs and entertainment stars, have taken advantage of platforms like Twitter, Reddit, Clubhouse, and more to express their views on everything from cryptocurrencies to stocks.

DAC CEO shares the secret of cheap domestic travel

Trà Linh — Sat, 05 Jun 2021 11:21:16 +0000

As the CEO of a travel agency and a passion for discovery, Huyen Bui always takes the time to share with customers the secrets of a perfect trip.
Entrepreneur Huyen Bui is currently the CEO at DAC Trading and Service Co., Ltd – a unit specializing in providing travel services such as transportation, accommodation, food services and full tours.

With many years of experience in the field of tourism and tour organization, CEO Huyen Bui shared that in order for every cheap travel trip to be complete, customers need to choose a destination, learn about that destination and know how to go about it. Find accommodation that fits your budget. Select destination Before choosing a favorite destination, customers need to thoroughly research about tourist destinations, and consult people who have been here to get an overview of the culture, people and landscape. . Taking the time to research, customers will save a considerable amount of money, and at the same time anticipate the factors that adversely affect the trip. Phu Quoc is one of the ideal destinations for those who love to explore. Choose a place to stay The choice of accommodation will depend on the ability to pay as well as the utility requirements of each individual. CEO Huyen Bui shared that cheap places to stay will not provide too many amenities like in luxury resorts. These locations will only include some basic utilities such as self-contained bedrooms, air conditioners, and electric fans, with an average price of 300,000-600,000 VND/single room. If chosen at the right time, customers can find convenient, airy and reasonably priced places to stay. If there is no high demand for accommodation, customers can refer to local homestays. Although not too prominent in terms of utilities, this will be an opportunity for each person to have closer contact with the local culture, better understand the land and local people. Choose where to eat Regarding places to eat, the female CEO encourages each person to consult the restaurants in the destination in advance to have an overview, to avoid being passive when they arrive. On the other hand, careful reference will give customers many culinary options, as well as estimate the cost to pay for each meal, thereby making a realistic spending plan before going. Actively researching and researching before each trip is the secret to getting quality cheap travel. As a professional travel service provider, DAC always tries to bring customers interesting travel experiences at a reasonable cost. DAC always tries to build cheap tours to serve the needs of customers, directing customers to the form of community tourism with many spiritual values. DAC Trading and Service Co., Ltd provides professional cheap travel services. This is also how DAC supports visitors who do not want to spend too much time to learn, as well as minimize the cost of each trip, thereby keeping in themselves beautiful and unforgettable memories of the land they once set foot in.

Apple CEO: ‘We don’t want to put users in danger’

Nguyễn Hiếu — Mon, 31 May 2021 08:09:09 +0000

Apple CEO said that if the iPhone supports 3rd party app stores, users can often face malware and cybercriminals.
In a court appearance on May 21, Tim Cook explained why the App Store is the only app store on the iPhone.

According to this leader, he never intended to experiment with opening 3rd-party app stores for its devices, because that would push users closer to the risk of malware exposure. Tim Cook appeared in court on May 21. Photo: Yahoo Finance. The view of Apple CEO received approval from Professor Justin Cappos, working at Tandon School of Engineering , belonging to New York University . “Clearly it is not possible for users to arbitrarily install software from their own application store,” Professor Justin Cappos stated on the website. Yahoo Finance . “Even if it’s a familiar app, there’s still the potential for increased malware and phishing on the iPhone.” Of course, Apple’s blocking of 3rd party app stores on iPhones is not simply about protecting consumers. The company also collects a 30% fee on transactions made through the App Store. In other words, while Apple is right when it comes to consumer protection, the dominance of the App Store still gets it in trouble with antitrust regulation. Tim Cook’s stance In an antitrust lawsuit being considered by the court, Epic claims Apple abused the position of the App Store, forcing developers to use a payment system it managed and paying a 30% fee. From summer 2020, Epic kicks things off with a Fortnite update, adding the option to pay for in-game currency through its own channel at a cheaper price than the App Store. Apple responded by removing Fortnite from the app store and locking down Epic’s developer account. The game company quickly filed a lawsuit against Apple for monopoly behavior, demanding a reduction in transaction fees through the App Store or allowing 3rd party app stores to operate on the iPhone. CEO Epic appeared in court on May 20. Photo: Yahoo Finance. The trial took place in May with many fierce arguments, and Judge Yvonne Gonzalez Rogers is expected to announce the ruling next week. Here, Epic argues that if a 3rd-party app store appeared on the iPhone, developers could reduce the price of the app because it wouldn’t cost Apple 30% of the fee. Present in court, Tim Cook defended its stance on not allowing external app stores to appear on the iPhone. By comparing the amount of malware on iOS with platforms that allow the installation of 3rd party applications – Cook asserts that the iPhone accounts for only 1-2% of malware infections, while this rate on Android, Windows up to 30-40%. “If you look at the malware on iOS compared to Android and Windows, it’s really insignificant.” The numbers are on Apple’s side Cook’s view is reinforced by Report on smart device threats in 2020 published by Nokia. Accordingly, 26.64% of malware infections come from Android devices. This number is down from 47.15% in 2019. Nokia believes that security on Android has improved compared to before, in addition, hackers are gradually shifting attacks to IoT devices. Meanwhile, 38.92% of all malware infections originate from Windows PCs. The corresponding rate on Apple’s iPhone is only 1.72%. The rest belongs to other IoT devices. The rate of malware infection on iPhone is much lower than on other platforms. Photo: Yahoo Finance. Why the difference between the 3 operating systems? Professor Cappos says there are several factors at play, including iOS being updated more frequently than Android and Windows. Operating system updates will patch bugs that hackers can exploit with malware, making devices harder to jailbreak. In addition, Android and Windows are two of the most used platforms in the world, which makes them attractive targets for cybercriminals. Both the App Store and Play Store have automated malware detection processes, but Google has trouble allowing users to access 3rd-party app stores. Most security experts recommend not downloading it. download applications from these places due to the risk of malicious code insertion. Meanwhile, Windows allows users to install apps through the Windows Store or download them from anywhere on the web. Can’t “Security Flag” protect Apple? Apple does not disclose revenue from the App Store, instead, it bundles it with Services. This business, which includes Apple TV+, Apple Music+, and iCloud, will bring in $53.7 billion in 2020, or 20 percent of Apple’s $274 billion in total revenue. That proves the App Store is generating a lot of money for the company. With huge profits and strict controls on the app store, Apple may face accusations of unfair competition. According to Professor Shubha Ghosh of Syracuse University of Law , Apple needs to demonstrate that this business is up to the level of security it offers. Sometimes in the eyes of Judge Gonzalez Rogers, the 30% commission per transaction and the security of the platform don’t go together. Even security may not be the judge’s concern. “Antitrust courts don’t care so much about safety – they care about competition,” says Professor Sam Weinstein of Cardozo Law School explain. Why does Apple want to repair the iPhone itself? Apple wants to repair iPhones themselves instead of empowering 3rd parties or users.

What does the current CEO of Microsoft say about Bill Gates’ affair?

Hiệp Phan — Mon, 24 May 2021 19:25:08 +0000

ng Satya Nadella asserts that the Microsoft of 2021 is not the same as the Microsoft of 2000, when Bill Gates was said to have an inappropriate relationship with a female employee.
Mr. Satya Nadella, CEO of Microsoft, recently had the first response to the investigation of the relationship with the female employee of the company founder Bill Gates. This incident has previously raised many concerns related to the company’s working environment, CNN reported.

Mr. Satya Nadella, current CEO of Microsoft. Photo: CNN Specifically, Mr. Satya Nadella talked about the investigation that Microsoft started 2 years ago related to the relationship of Bill Gates and a female employee that took place in 2000. This case was announced after Bill Gates officially announced. Officially announced his divorce from his wife, Melinda Gates. At the time of the incident, Bill Gates was the chairman and head of software architecture at Microsoft. In early May, the news that Bill Gates officially broke up with his wife of 27 years surprised many people. Photo: Bloomberg “The Microsoft of 2021 is very different from the Microsoft of 2000,” Satya Nadella said in an interview with CNBC. “For me and everyone at Microsoft, our focus has always been on culture, respecting diversity, inclusivity, and especially people’s everyday experiences. It is a huge priority,” he added. Down Jones said that the panel investigating Bill Gates’ affair with a female employee came to the conclusion that he had to leave the board, but Bill Gates left the company before a decision was made. Photo: NYPost Bill Gates officially left the Microsoft board in early 2020, although a representative of Bill Gates said that the decision was not related to the investigation. At the time, Microsoft said that Bill Gates would continue to be a technology advisor to leaders at Microsoft. CNN reported that Microsoft declined to share whether at the present time Bill Gates still holds this role or not.

Elon Musk Says Something Surprising About Cryptocurrency

Hiệp Phan — Mon, 24 May 2021 12:15:07 +0000

The head of Tesla car company confirmed that he will support cryptocurrencies in the battle with fiat money.
Elon Musk, CEO of Tesla, recently shared on his Twitter that in the battle between fiat and crypto, he will support cryptocurrencies, according to Reuters. Elon Musk shared this when asked about his thoughts on people who are angry at the head of Tesla regarding cryptocurrencies.

Photo: Forbes In the past, Elon Musk has repeatedly compared bitcoin and fiat money. He also often shares about cryptocurrencies that make the value of coins like bitcoin or dogecoin fluctuate greatly. Photo: INC In February, the value of bitcoin skyrocketed after Tesla revealed it had bought $1.5 billion worth of the coin. Besides, the electric car company also confirmed that it will soon accept bitcoin as a means of payment when buying a car. Photo: Forbes Even so, the bitcoin price plummeted after the billionaire announced in May that Tesla would not accept bitcoin for car purchases due to environmental concerns. Earlier this month, he also called dogecoin “a rush” while appearing on “Saturday Night Live.” The price of the coin bearing this dog symbol then also plummeted. Photo: CBN However, a few days ago, Elon Musk made the market “crazy” when he emphasized that he had never and will not sell dogecoin.

Cryptocurrency Created Against Elon Musk

An Khang — Sat, 22 May 2021 14:29:07 +0000

Investors are creating a new cryptocurrency to ‘revenge’ the CEO of Tesla, when witnessing many market manipulation actions of the US billionaire.
After Tesla refused to pay in Bitcoin and Elon Musk repeatedly manipulated the market, the Bitcoin price plummeted. Many investors are angry, creating a new cryptocurrency to oppose Elon Musk. STOPELON was born as a movement to call on this billionaire to stop manipulating the cryptocurrency market.

This coin is developed based on the Binance Smart Chain platform and is tradable similar to Bitcoin or Dogecoin. Currently, STOPELON is priced at about 0.0000537493 USD/VND. However, buying and selling this coin is quite complicated. The issuer only allows users to trade on the PancakeSwapv2 exchange. The symbol of the coin STOPELON. Photo: ManOfMany. Even so, the developers have some policies to make STOPELON attractive to investors such as 6% refund of transaction fees. The destruction rate of this coin is 40% of the total 1 trillion coins to fight inflation. STOPELON shows the anger of investors with billionaire Tesla when this coin once had a strong growth of more than 4,000% in just 1 day. In addition to STOPELON, the market also has available cryptocurrencies created to oppose Elon Musk such as FuckMusk, FElon… According to the InputMag , Elon Musk has made a lot of profit after the crypto craze. However, investors believe that the market volatility created by Musk will soon come to an end.

Some people suddenly received 701 Bitcoins

Phúc Thịnh — Sat, 22 May 2021 09:10:06 +0000

Cryptocurrency lending startup BlockFi mistakenly sent large amounts of Bitcoin to some customers, turning them into millionaires. However, this exchange recovered the Bitcoins.
The incident occurred a few days ago when BlockFi rewarded customers for participating in a promotion in March for trading a certain amount of USD. Zac Prince, co-founder and CEO of BlockFi, said that the amount of Bitcoin was mistakenly transferred to dozens of customers. Some people voluntarily returned the funds, while BlockFi took the initiative to reverse transactions from those accounts that had not yet withdrawn to cold wallets.

“BlockFi has always had provisions for loss in accordance with its accounting policy. This is part of the provision so it doesn’t have a big impact on the equity or operation of the platform,” Prince said that the mis-transfer problem has been fixed dress. BlockFi also developed additional measures to prevent a similar situation from happening in the future. A BlockFi user received 701 Bitcoins due to the crash. Screenshots. BlockFi’s Twitter page states that some participants in the promotion may “see incorrect bonuses in transaction history”. Those withdrawing to cold wallets were emailed by BlockFi asking to send their funds back. Share with CoinDesk , a BlockFi user said he withdrew a large amount of Bitcoin received from BlockFi to a cold wallet, claiming that this was a reward of a promotion. After realizing the problem amount, he requested to cancel the withdrawal. However, it is not clear why the Bitcoins are still withdrawn to cold wallets. The next day, this user received emails and calls from BlockFi, threatening to get legal intervention if the money was not returned. On the Internet, many BlockFi users have shared images of receiving large Bitcoins from “falling from the sky”. “I thought BlockFi was going to transfer 701 USD but mistaken it for 701 Bitcoin”, Twitter user Ric Burton share. Another said that he received 5 Bitcoins but was also asked to return it by BlockFi. “I got to be a millionaire in 3 hours”, account nebrijo comment, with a picture of an account balance of more than $1.5 million before transferring the mistakenly sent Bitcoin to BlockFi. According to the Bloomberg , BlockFi is a platform that provides lending and trading services for cryptocurrencies. Despite having just experienced a sharp price crash, the world’s most valuable cryptocurrency is trading at around $40,000, as of May 21. BlockFi’s large Bitcoin transfer by mistake is reminiscent of last year’s incident, when Citibank mistakenly transferred $900 million to several creditors of cosmetics firm Revlon, instead of just paying $8 million in interest. Expensive price for Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity required for mining has increased significantly. This leads experts to believe that cryptocurrency mining is not environmentally friendly.

Apple CEO has to appear in court for the first time

Ngọc Khánh — Sat, 22 May 2021 02:25:12 +0000

Tim Cook once had to answer questions from Congress about Apple’s market power, and now he faces litigation related to that issue in court.
The iPhone maker’s CEO is due to appear on Friday morning as the company’s high-profile antitrust trial with Epic Games draws to a close.

At the center of this long-running lawsuit is Fortnite, a popular video game produced by Epic that was removed from Apple’s App Store last summer for violating Apple’s rules on technical billing. due to have arbitrarily established a payment system of their own. Apple takes 30% of the value of in-app purchases on iOS devices and does not allow the use of alternative payment systems. Fortnite’s removal from the App Store prompted Epic to file a lawsuit against Apple. Squeeze the developer Epic accuses Apple of having monopolistic control over the “ecosystem” of the iOS operating system, with app makers forced to abide by its strict restrictions if they want access to hundreds of thousands of users. million iPhone and iPad users, Apple also countered that there are several other places where users can buy apps and their commissions help the company make its devices better and more secure. The CEO has his first court appearance since taking power at Apple. Photo: Getty. Several executives from both sides also testified, including Craig Federighi, Apple’s senior vice president of software engineering, and Phil Schiller, Apple’s former chief marketing officer, now serving as Apple’s senior vice president of software engineering. new role as Apple Fellow. Both were subpoenaed by the court earlier this week. Epic Games CEO Tim Sweeney is the first witness in the nearly three-week trial and is expected to end on Monday. Tim Cook and Apple are facing many dangers, not only this cult lawsuit. Cook’s testimony on Friday is likely to spark a battle against the growing antitrust pressure it is facing. Other “Frenemy” (meaning both friends and enemies) like Spotify and Match Group, the owner of Tinder, have all accused Apple of anti-competitive behavior. Even legal authorities in some countries including the US and UK have launched investigations into Apple’s regulations. Despite numerous defenses before Congress and numerous public appearances and interviews, Mr Cook appears to be preparing for his day in court. According to a report from Wall Street Journal , he spent many hours mock interrogation with former prosecutors to simulate what he might face during the trial. “The scary thing for Epic is that Tim Cook is such a compelling witness,” said Herbert Hovenkap, professor of legal studies and business ethics at the Wharton School of Business at the University of Pennsylvania. He’s doing what he’s been paid to do, which is bringing Apple’s lawsuit to the public.” According to the list of witnesses presented to the court, Mr. Cook will speak about “Corporate Values; Apple’s business operations and the development and launch of the App Store; the competition that Apple faces.” An Apple representative said Mr. Cook is likely to share more from his personal perspective on security and privacy issues – issues he has often criticized companies in the past – and the importance of them to Apple’s product philosophy. Roses come with quality Mr. Cook is expected to synthesize and strengthen the arguments that other Apple lawyers, experts and executives have made during the trial – that the iPhone’s App Store is not a proprietary trademark. The company argues that the 30% commission it receives through in-app purchases is not an illegal gain, but rather to make Apple devices better, more secure like their strict management of applications on Apple devices. In his testimony, Schiller highlighted the amount of money Apple has spent on research and development — an estimated $100 billion over the past 15 years — to make product improvements that developers are benefiting from. it. He also sought to counter Epic’s efforts to accuse Apple of being a monopolist. The lawsuit between Apple and Epic will determine the future of the relationship between app developers and Apple. Photo: Cnet. Epic Games company says Apple is forcing developers to play by its draconian rules such as only using the App Store and means of paying for in-app purchases if it wants to gain access to a market of more than a billion dollars. iPhone and iPad users. (Michael Schmid, Apple’s head of game business development for the App Store, revealed during the trial that Apple made more than $100 million in commissions from Fortnite.) Schiller also listed a range of Apple competitors: Google, Samsung, Motorola, Huawei and even game consoles like Sony’s PlayStation, Microsoft’s Xbox and Nintendo’s Switch. Apple claims that many of these companies also take 30% commissions and have similar restrictions on outside apps. “There are still a lot of other competitors in the distribution of applications, not just Apple,” he added. Federighi, the company’s chief software officer, further emphasized the importance of Apple’s security measures for the iOS operating system on its mobile devices. He even heavily criticized the company’s MacOS computer operating system during the trial. Unlike iPhones, Macbook laptops allow the use and download of applications from outside, a process known as “side-loading”. Epic has repeatedly pointed out and called on Apple to emulate this approach with its mobile devices. However, Apple’s lawyers and executives argue that the iPhone needs to be more secure because the risk of the device being exposed to security holes and exploitation is great, especially when smartphones are used. often contain more sensitive personal data of users than other devices such as computers, laptops… “If you take Mac security techniques and apply them to the iOS ecosystem, with so many devices and value for it, things are going to be a lot worse than they already are. on Mac,” said Mr. Federighi. “We now have a bunch of malware on Mac, which is much worse than iOS. It’s not acceptable!”. Florian Ederer, an economics professor at the Yale School of Management, thinks Cook will stick to his earlier arguments. “It is very difficult to get any new information or arguments from this CEO’s testimony that have not yet been brought to the attention of the judge,” he said. “Basically, having Cook in court is Apple’s best move to show the judge that they are taking this matter completely seriously. If there is any other purpose, perhaps it is the respect of Cook in particular and Apple in general for this lengthy litigation process,” Ederer added.

Snapchat hits 500 million users in the midst of the COVID-19 pandemic

Bích Liên (TTXVN/Vietnam+) — Fri, 21 May 2021 23:07:06 +0000

In the US, France, UK, Australia and the Netherlands, Snapchat is becoming an integral part of daily life and the percentage of users is up to 90% among 13-24 year olds, 75% at 13-year-olds. 34.

Snapchat icon on tablet screen. (Photo: AFP/VNA) On May 21, Snapchat – a popular social network for young people using smartphones, announced that it has reached 500 million monthly users around the world. Speaking at the opening of Snap’s parent company’s partner leadership conference, Snapchat CEO Evan Spiegel said: “We’ve now reached over 500 million monthly users, which is Nearly one in two smartphone users in the US uses Snapchat.” According to him, in the US, France, UK, Australia and the Netherlands, Snapchat is becoming an indispensable part of daily life. The percentage of users is up to 90% in the 13-24 year old age group, and 75% in the 13-34 year old age group. Snapchat has seen hot growth over the past year, as many customers have to stay indoors due to the pandemic. Spiegel said the Snapchat community outside of North America and Europe is growing rapidly. About 40% of the users of this social network are now outside the two regions. The aforementioned 500 million users are higher than any previous estimate, indicating a sharp increase in usage Social Network in the context of a pandemic COVID-19 , and at the same time shows the racing effort of Snapchat against opponents like TikTok and Facebook’s Instagram.

$22 billion in Dogecoin capitalization blown away bị

Nhật Minh — Fri, 21 May 2021 15:50:12 +0000

The Tesla CEO’s appearance on television has caused the value of the cryptocurrency he has always advocated to depreciate by nearly 30%.
On the morning of May 9 (Vietnam time), Tesla CEO Elon Musk was the main guest of Saturday Night Live. Many investors hope that Musk’s arrival will cause the price of the Dogecoin he always advocates to skyrocket.

The price of Dogecoin plummeted right after the show featuring Elon Musk started. Photo: Coindesk. However, when Musk didn’t show up, the price of Dogecoin plummeted. According to the data of Coinmarketcap , from nearly 0.7 USD, Dogecoin dropped to more than 0.5 USD after more than 30 minutes of the program. The market capitalization of this coin dropped from $90 billion to just $68 billion after 1 hour, more than $150 million of leveraged investors was blown away. As expected by many, Elon Musk mentioned Dogecoin in the middle of the show. “Recently, the prices of many cryptocurrencies have increased, such as Bitcoin, Ethereum, and especially Dogecoin,” replied Elon Musk when asked “what is cryptocurrency”. Elon Musk’s mention of Dogecoin only made the coin rise slightly from the bottom. By 12 o’clock, the price of Dogecoin was still at $ 0.55, a sharp decrease compared to before Saturday Night Live aired. “People seem to be starting to realize that you shouldn’t invest based on a guest on a comedy show mentioning that asset,” said Wall Street Journal financial writer Paul Vigna. Elon Musk appeared on Saturday Night Live, mentioning Dogecoin. Earlier, the news that Elon Musk led Saturday Night Live caused the price of Dogecoin to increase sharply. According to the data of Coinmarketcap , the value of each Dogecoin has increased from $0.34 on May 1 to $0.69 as of the morning of May 8. Many fans of Musk and Dogecoin even plan to invite friends over to watch and celebrate if the coin’s price skyrockets. On the morning of May 8, Elon Musk posted on his personal Twitter a picture of him and two other guests of Saturday Night Live. Musk also inserted a picture of the dog Shibu, the symbol of Dogecoin, into the frame. Soon after, the Dogecoin price increased rapidly and reached an all-time high of $0.72 before cooling off.

CEO publishes poetry in Tang Dynasty, Chinese corporation stock price plunges

Hương Giang — Wed, 19 May 2021 23:30:06 +0000

Share price of Meituan – China’s largest food delivery company – plunged 7.1% to a 7-month low after CEO Wang Xing posted an ancient poem on social media.
According to the Bloomberg , after the trading session on May 10, the market capitalization of China’s number one food delivery company lost 16 billion USD. The plunge came after CEO Wang Xing posted a Tang Dynasty poem on Fanfou. Many people believe that the 42-year-old billionaire implied criticism of the management apparatus of the Chinese government.

A poem by a poet of the Tang Dynasty, about the phenomenon of burning books in the Qin Dynasty. “What CEO Wang posted is an anti-government poem. It shows that he is under a lot of pressure because of the investigations,” said Hao Hong, an analyst at Bocom International in Hong Kong. CEO Wang deleted the post on May 9 and denied the above rumor. He claimed to only use the verse to refer to the company’s competitors. A spokesperson for Meituan made a similar comment. Mr. Wang Xing, CEO of Meituan. Photo: China Daily. In October 2020, billionaire Jack Ma publicly criticized the Chinese banking system. As a result, Jack Ma’s startup Ant Group was forced to stop its $35 billion listing, Alibaba was investigated and fined $2.8 billion for violating antitrust laws. “Many people think that the poem posted by Wang Xing is a criticism similar to what Jack Ma said. This is not the time for Chinese businessmen to raise their voices.” Bloomberg quoted Kerry Goh, Investment Director of Kamet Capital Partners as saying. In recent years, the Chinese government has tightened supervision of technology companies. The Hang Seng Technology Index is down a record 30% from its peak in February. Meituan is also the subject of investigation by Chinese authorities for monopolistic behavior. Meituan is accused of forcing merchants to sign exclusive business contracts on its platform. On May 10, the Shanghai Consumer Council criticized Meituan for infringing on the rights of consumers.

US urges Facebook to cancel plans to release Instagram Kids

Hải Vân/TTXVN — Wed, 19 May 2021 16:11:08 +0000

The attorney generals of 44 US states and territories called on Facebook to cancel plans to release a version of Instagram Kids for children due to concerns about risks on social networks affecting children.

Instagram icon. Illustration According to the Vietnam News Agency correspondent in New York, in a letter to Facebook CEO Mark Zuckerberg, the attorney generals of the states and territories pointed out that the results of many studies have shown the harmful effects of children using use social networks. There are many issues affecting children’s mental and physical health and many cases related to cyberbullying at a time when children are not yet able to face the challenges when they have an account. private social network. They argue that there are more secure ways for children to connect with family and friends than by connecting on social media. For her part, New York State Attorney General Letitia James raised concerns around online harassment, the potential for children to become victims of adult “predators”, mental health issues as well as Facebook’s gaps in data protection and privacy. According to Ms. Letitia, there are too many concerns around allowing Facebook to continue pursuing this idea, so the heads of judicial agencies in 44 US states and territories called on Facebook to abandon plans to release a version. Instagram Kids. This is the new pressure that Facebook has to face when it announced its intention to release a version of Instagram Kids for children under 12 years old from March this year. The very next April, Democratic congressmen sent a letter to CEO Zuckerberg criticizing the plan. In the latest response on May 10, Facebook spokeswoman Stephanie Otway emphasized that parents know their children are on social networks, so Facebook wants to improve the situation by offering solutions. giving them control over what their kids are doing online. The company is working with child psychologists to prioritize the safety and privacy of children, said Stephanie. In addition, Facebook will also work with authorities and parliamentarians on these concerns. For his part, CEO Zuckerberg said that if supervised, the use of social networks can help children more connected with friends. Meanwhile, talking to the Wall Street Journal, Adam Mosseri, in charge of Instagram, said that the plan to create an online playground for children is in its infancy at an early stage and if it is born, it will certainly be a tool to help fathers. Parents manage their children’s activities better and this playground will be completely ad-free. Facebook currently bans children under 13 from using this social network, but according to CEO M.Zuckerberg, many children still lie about their age to create their own login accounts.

CEO Meituan’s assets evaporated 1.5 billion USD because of the poem Tang

Linh Đỗ — Wed, 19 May 2021 05:56:09 +0000

After CEO Wang Xing posted the poem “Tang” on social media, the share price of Meituan – China’s number one food delivery company – plunged more than 15% in two days.
According to the Bloomberg , in the trading session on May 10, Meituan’s share price plunged 7.1%. To date, the price has decreased by 8.6%. The single drop on May 10 wiped out $1.5 billion in assets of CEO Wang Xin. Bloomberg Billionaires Index statistics show that Mr. Wang now owns $19.4 billion, down $2.38 billion since the beginning of the year.

Mr. Wang holds an 11% stake in China’s largest food delivery group. Meituan’s share price has fallen since last month when the State Administration of Market Regulations of China (SAMR) announced it was opening an investigation into Meituan for anticompetitive practices. Meituan stock price received a new shock on May 10 when CEO Wang posted on social media a poem Tang about the phenomenon of book burning in the Qin Dynasty. Many people think this is Mr. Wang’s way of criticizing the Chinese government for its campaign to tighten control of Internet corporations. Meituan’s stock price plummeted because CEO Wang Xing posted the ancient poem online. Photo: Xinhua. Billionaire Wang deleted the post shortly after, explaining that he used the poem to criticize Meituan’s competitors. However, it was all too late. The hashtag #MeituanSharePriceSlump (Meituan stock price plummeted) attracted 32 million followers on the social networking platform Weibo. At the same time, the Shanghai Consumer Council also heavily criticized Meituan for inappropriate business practices. Recently, the Chinese technology industry has been struggling because of the repressive measures of the Beijing government. The Hang Seng Technology Index is down about 30% from February. “The Chinese tech industry is going through a lot of ups and downs. Technology regulations are constantly being applied, leading to regulatory risks, making it difficult to forecast industry growth,” said Jackson Wong, head of asset management at Amber Hill Capital.

Disparaged by customers, CEO Pinduoduo and Meituan lost nearly 7 billion USD

Ngọc Trang - — Tue, 18 May 2021 04:30:13 +0000

Meituan’s stock price plummeted after CEO Wang Xing posted a Tang poem that was meant to criticize the Chinese government…

Huang Zheng, founder of Pinduoduo (left) and Wang Xing, founder of Meituan – Photo: Bloomberg/Getty Images. Huang Zheng, founder and CEO of e-commerce firm Pinduoduo, and Wang Xing, founder and CEO of food delivery platform Meituan, have seen their fortunes plummet after being criticized by an activist group for consumers. According to Forbes, the share price of this Pinduoduo 11/5 fell more than 9%, “blowing” $ 4.3 billion from Huang Zheng’s assets. The founder of Pinduoduo is currently worth $42.9 billion according to Forbes’ real-time statistics, making him the 4th richest person in China. Meanwhile, Wang Xing’s fortune fell by $2.5 billion as investors continued to sell off Meituan shares in the May 11 session. The share price fell another 5.3% after falling 7.1% in the previous session. Wang is currently worth $19.5 billion. A day earlier, the Shanghai Consumer Council said it had convened both Pinduoduo and Meituan. The organization criticized Pinduoduo for its poor quality goods, rampant counterfeiting on the company’s e-commerce platform, and poor after-sales service. The organization also condemned Meituan for issues with refunds, failed food deliveries and misleading content on the company’s platform. The statement of the Shanghai Consumer Council comes as the Chinese government is tightening control of the country’s largest technology firms. Last week, Wang was also criticized after posting a poem of a Tang poem allegedly intended to criticize the Chinese government on the social network Fanfou. The poem titled The Book of the Dead (Book Burning Pit) by poet Zhang Jie, written at the end of the Tang Dynasty, condemns Qin Shi Huang’s act of burning books to control people’s thoughts and suppress the mind. awake. The poem is meant to mock Qin Shi Huang for seeing academia as the greatest threat, but his reign was eventually overthrown by non-intellectuals. A few days later, Wang deleted the post, explaining that the poem was just a reminder that “the most dangerous enemies are often the ones we least expect”. The 42-year-old CEO also added that Meituan’s biggest rival appears to be Ele.me but is in fact “unnoticed companies and business models that are disrupting the food delivery industry”. Late last month, Beijing’s anti-trust authority officially launched an investigation into Meituan’s alleged request for sellers to be allowed only the Meituan platform or another competitor. Since then, the company’s stock price has fallen by nearly 18 percent. On Weibo, many Chinese netizens compared Wang’s posting of the poem to Jack Ma’s speech criticizing the financial management system in October 2020. The co-founder of Alibaba at the time even said bluntly that Chinese banks operate like “pawn shops”. Jack Ma’s speech is said to spark a series of strong moves by Chinese authorities against Alibaba as well as its subsidiary Ant Group. Ant’s “big” IPO was suspended a few days later. And Alibaba was fined a record $2.8 billion for monopolies last month.

US officials urge Facebook not to release Instagram for children

Trần Anh — Mon, 17 May 2021 22:45:07 +0000

A letter from the Union of American Attorneys General sent to the Facebook CEO gives full reasons why Facebook should not release a version of Instagram for children.
Back in March, Buzzfeed reported that Facebook was planning to release an “Instagram for kids” app for children under 13 in a way that was deemed safe.

Recently, however, a coalition of 44 US attorneys general signed a letter to Facebook CEO Mark Zuckerberg, listing reasons and citing research suggesting Facebook should not continue with the plan. develop the Instagram app for kids. One of the reasons listed in the letter is: Facebook has had many controversies in the past related to protecting children’s privacy; other research also shows that social media can harm children both physically and mentally; children do not have a complete understanding of privacy and can easily become targets of anonymous criminals; especially the large percentage of young Instagram users surveyed have experienced cyberbullying on this app. It seems that with the development of Instagram for Kids, Facebook not only failed to meet the need, but even created another need, as the platform mainly appeals to children with or without Instagram accounts. In short, an Instagram platform for young children will be harmful for a multitude of reasons. The attorney general urged Facebook to drop its plans to launch this new platform. In a statement released by Attorney General Maura Healey, the head of the coalition, she cited Zuckerberg’s rejection of the idea that social media is harmful to children. The statement points out that there is much evidence and research that contradicts Zuckerberg’s denial. Currently, children under the age of 13 are not allowed to own an Instagram account unless the description of the profile clearly states that the account is being managed by a parent or guardian. Back in March, Instagram released a blog post showing their efforts to protect minors under the age of 18 on the platform. The AG Alliance believes that this is not enough, especially for those under 13 years old. According to Gsmarena

Elon Musk suddenly ‘turned around’, causing the price of Bitcoin to drop rapidly

Điệp Vũ - — Sun, 16 May 2021 04:45:11 +0000

Elon Musk suddenly announced that Tesla stopped accepting Bitcoin as a means of payment when customers buy a car…

Illustration – Photo: Reuters. In a status line (tweet) on the social network Twitter on May 12, Tesla CEO (CEO) Elon Musk suddenly announced that this electric car company stopped accepting Bitcoin as a means of payment when customers buy a car. . This statement by Mr. Musk – who has expressed a pro-crypto stance – shocked investors and caused a sell-off. The reason the world’s second-richest billionaire gave for the reversal is the risks that virtual currencies pose to the global environment. Bitcoin price immediately dropped after Mr. Musk’s tweet was posted. At more than 7:00 am on May 13, Vietnam time, Bitcoin price according to data on Coinmarketcap.com page slipped below $ 50,000, down more than 13% compared to the time 24 hours ago. Many other “hot” virtual currencies also dropped sharply, such as Ethereum down more than 6%, Dogecoin sliding 14%… In February, Musk revealed that Tesla had poured $1.5 billion into Bitcoin and said the company would soon accept Bitcoin as a means of payment when customers buy a car. That information immediately pushed the Bitcoin price up 20%. By March, he said Tesla customers were able to pay with Bitcoin. In a tweet on May 12, Musk said Tesla will not sell a single Bitcoin, but instead intends to use Bitcoin for transactions as soon as Bitcoin mining moves to using other energy sources. more sustainable quantity. “We are also looking at other cryptocurrencies that use less than 1% of electricity like Bitcoin,” Musk wrote. Bitcoins are “mined” by competing high-performance computers solving complex math problems, and the process consumes enormous amounts of power. The source of electricity for Bitcoin mining is usually thermal power, especially coal-fired power plants, posing a great concern about environmental pollution. At current rates, Bitcoin mining pools used as much energy as the entire Netherlands in 2019, according to data from the University of Cambridge and the International Energy Agency (IEA). Musk himself is a supporter of virtual currencies, and his statements often cause cryptocurrency prices to fluctuate wildly. However, he is also an advocate of clean technology. “Cryptocurrency is a good idea in many ways, and we believe it has a promising future. But that can’t come with a huge loss to the environment,” Musk said. Bitcoin price movement in the last 7 days – Source: Trading View. According to blockchain analysis companies, Bitcoin could in theory be traceable, raising the possibility of “green” Bitcoins having a higher price tag. Stronger climate change policies by countries around the world can also help in this. However, some Bitcoin advocates say that the current financial system – with millions of employees and computers in air-conditioned offices – also uses an overwhelming amount of electricity.

Tesla stops trading in bitcoin due to environmental concerns

Phương Hoa (TTXVN/Vietnam+) — Sat, 15 May 2021 05:54:06 +0000

Tesla CEO, US billionaire Elon Musk is concerned about the increasing use of fossil fuels to mine and trade bitcoin, especially coal – the fuel with the worst emissions.

Tesla stops trading in bitcoin. (Source: Forbes) On May 12, the world’s largest electric vehicle maker Tesla (USA) announced that it would stop using bitcoin in its car sales due to concerns about environmental issues. On his personal Twitter page, Tesla’s CEO, US billionaire Elon Musk wrote: “Tesla stopped using bitcoin to buy and sell cars. We are concerned about the use of bitcoins. fossil fuel for bitcoin mining and trading is increasing, especially coal – the worst emission fuel.” Tesla suggested that cryptocurrencies are a “good idea” with a “promising future” but “that cannot be achieved at a huge cost to the environment. Tesla emphasized that it will not sell “any bitcoin” but intends to use it for trading as soon as “bitcoin mining” transitions to more sustainable energies. This can be considered as a move to reverse the view of Elon Musk and Tesla, after facing criticism from environmentalists and investors. In the first quarter of this year, Tesla spent $1.5 billion buying bitcoin, then selling about 10% to bring in more than $100 million in profit. Immediately after the above announcement, the world’s largest digital currency lost more than 7% of its value and is trading at $52,669. In the Asian market, at one point bitcoin fell 17% to $45,700, its lowest level since March 1. Currently, this virtual currency has partially recovered to over $50,000. Bitcoin has a high level of security, appears and is distributed completely automatically based on algorithms and anyone can own it through deciphering mathematical equations and giving answers. dig.” To be able to earn bitcoins, “miners” will have to solve complex computational problems through a “miner” that consumes a lot of electricity. Researchers from the University of Cambridge (UK) believe that the total energy consumption of bitcoin mining in 2021 could reach 128 billion kWhm, accounting for 0.6% of the world’s total electricity production and high than electricity usage in Norway.

From an ancient poem to the fear of Chinese tech CEOs

editor — Sat, 15 May 2021 00:59:08 +0000

A thousand-year-old poem has cost the giant Meituan tens of billions of dollars in market capitalization.

Meituan is China’s largest food delivery app. (Photo: QZ) A big storm hit after Meituan founder and CEO Wang Xing posted a poem from the Tang Dynasty on social media last week. The article on the Fanfou website has since been deleted, but Meituan confirmed it contains the poem “The Book Burning Pit” by author Zhang Jie written more than 1,100 years ago to satirize Qin Shi Huang. According to historical records, Qin Shi Huang quelled dissent in the country by digging huge holes, burning books not approved by the government, and burying scholars to prevent people from condemning him. Some comments on social media suggested that Wang may have posted the poem to implicitly criticize the Chinese government, which is holding back the country’s largest technology firms. Others compared the post to Alibaba founder Jack Ma’s speech last year, when he smacked China’s central banks and financial regulators for using outdated methods. Jack Ma’s speech seems to have angered the authorities. Ant Group’s historic IPO was also suspended at the last minute. Meituan and many other “big players” such as Alibaba and Tencent have been fined or investigated and monitored for several months now for violating monopoly or affecting consumer rights. The poem, which is more than 1,100 years old, further reveals the predicament that awaits companies like Meituan. Meituan stock fell 13% from May 6 to May 11, wiping out nearly $30 billion in market capitalization. Currently, the stock recovered slightly, gaining 2.5% at the close of the session on May 12. CEO Wang later posted an explanation, saying that the poem was about Meituan’s competitors. “The Qin Dynasty was afraid of scholars, but Liu Bang and Xiang Yu – the people who overthrew the Qin Dynasty – were not educated. That reminds me that the most dangerous enemies are not the people expected. Alibaba focused on JD.com and then Pinduoduo surpassed in terms of users. Similarly, Ele.me is seen as Meituan’s biggest competitor, but what really shocks the entire industry might be a certain business, business model that hasn’t caught our eye yet.” In April, Meituan and dozens of other companies were warned when Alibaba received a record $2.8 billion fine. Chinese authorities said Alibaba was fined for behaving like a monopolist. They also tell businesses that if they don’t address monopolistic behavior, they will be similarly punished. Later, China’s State Market Regulation Authority opened an antitrust investigation against Meituan for “exclusive trading arrangements”. The company was summoned by many agencies, including the Shanghai authorities, about the interests of customers. According to analysts Fitch Ratings, regulatory risks with China’s internet sector tend to escalate. The agency has not ruled out any fines with other companies after what happened to Alibaba. One netizen commented: “The poem is very suggestive. Wang Xing posted it at a critical period of the Big Tech crackdown. This is clearly inappropriate action. Wang may mean his rivals, but investors don’t think so. This is a very sensitive moment.” Du Lam (According to CNN)

Elon Musk ‘breaks the bet’, stops accepting Bitcoin as a payment method

Duy Huỳnh — Fri, 14 May 2021 21:11:06 +0000

Elon Musk has just made an announcement, Tesla will ‘pause the purchase of cars with Bitcoin’.
In a recent announcement on Twitter, billionaire Elon Musk and Tesla CEO said that Tesla has stopped accepting users to buy its electric cars with Bitcoin.

Explaining his decision, Elon Musk expressed concern that “the use of fossil fuels for Bitcoin mining is rapidly increasing.” Elon Musk has just announced, Tesla will “pause buying cars with Bitcoin”, because of concerns that the use of fossil fuels to mine Bitcoin is increasing rapidly. (Photo: Canva) “Tesla has stopped accepting car purchases with Bitcoin. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and trading, especially coal. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but that cannot come at a cost to the environment. Tesla will not sell any Bitcoin and we plan to use it for transactions as soon as we transition mining to more sustainable energy,” Elon Musk wrote on Twitter. The recent announcement of billionaire Elon Musk on Twitter. (Screenshots) After Elon Musk’s announcement, the cryptocurrency market quickly “red” when the price of Bitcoin plunged below the $50,000 mark, losing more than 12% in the last 24 hours. Bitcoin price this morning, this coin previously dropped below $47,000 after Elon Musk’s announcement. (Photo: CoinMarketCap) Elon Musk’s decision is completely opposite to what this billionaire has previously stated. In early February, Tesla announced that it had spent $1.5 billion to buy Bitcoin, as well as saying that it could invest in a number of other digital currencies in the future. (Photo: Daniel Oberhaus (2018) / Protocol) In addition, Tesla also announced that it will soon let users use Bitcoin to buy its cars. By the end of March, Elon Musk announced that users in the US could buy Tesla cars with Bitcoin.

Japanese Investment Billionaire: ‘I’m Not Sure About Bitcoin’

Bùi Ngọc — Fri, 14 May 2021 20:08:06 +0000

SoftBank CEO Masayoshi Son expressed a less-than-optimistic attitude about the future of the world’s most popular cryptocurrency.
According to the Bloomberg , when asked about the increasing number of companies investing in Bitcoin, billionaire Masayoshi Son – founder of SoftBank Group – expressed hesitation.

“There’s been a lot of discussion around whether investing in Bitcoin is ultimately good or bad, what is the real value of Bitcoin, or is it actually just a bubble. Honestly, I don’t know,” Mr. Son said. said at SoftBank’s earnings press conference. Even so, the Japanese investment billionaire said that adding the popularity of cryptocurrencies has made Bitcoin an “unforgettable” platform, like diamonds or bonds. “It’s not necessarily anti-crypto. We’ve had such internal discussions,” he added. Billionaire Masayoshi Son – founder of SoftBank. Photo: Bloomberg. Over time, more and more big companies like Tesla, Square and Nexon are turning to buying Bitcoin. Many firms started accepting cryptocurrencies as a form of payment to promote the development of cryptocurrencies. However, recently, billionaire Elon Musk’s electric car company Tesla suddenly “turned away” from Bitcoin when it announced that it would stop accepting Bitcoin payments when buying cars. Immediately, the price of the world’s largest cryptocurrency by market capitalization plunged 5% just minutes after Musk’s announcement. According to the Coindesk , Bitcoin price currently fluctuates at 49,976 USD/dong, down 12.61% compared to 24 hours ago. The market capitalization of Bitcoin also dropped to $937 billion. Also in the press conference, SoftBank CEO revealed that he is holding many stocks with high liquidity such as Amazon, Microsoft and Facebook. He said such an investment decision will help the company hold the edge, ready for future investment opportunities.

Billionaire Elon Musk ‘overturned’, Bitcoin plunged

Minh Anh — Fri, 14 May 2021 12:50:12 +0000

For reasons of environmental protection, Tesla will suspend plans to accept Bitcoin as a means of payment when customers buy its cars.
Elon Musk wants to protect the environment

According to CNN, billionaire Elon Musk said that Tesla will suspend plans to accept Bitcoin as a means of payment when customers buy its cars. The reason Musk gave is that using Bitcoin costs the environment. This is a completely opposite move after a few months Musk launched Bitcoin “to the cloud”. According to the billionaire: “We are concerned about using more and more fossil fuels to mine and trade Bitcoin, especially coal. Cryptocurrency is a good idea on many levels and we believe in it.” “That is a promising future, but accepting and using digital money cannot come with a hefty price tag on the environment.” Immediately after that, the Bitcoin price fell 5% just minutes after Elon Musk’s announcement. A few hours later, Bitcoin price even bottomed to just over $ 46,000 / 1 Bitcoin and then recovered slightly. The fact that Elon Musk publicly supports Bitcoin while claiming Tesla is a “green” company when it comes to making electric, eco-friendly cars has always been controversial. Photo: TL. Everyone knows that mining Bitcoin takes a lot of energy and pollutes the environment. Bitcoin miners consume a lot of power to solve mathematical equations, validate transaction codes to receive back a certain amount of money worked. Some calculations show that the total electricity consumption of Bitcoin miners in the world is equivalent to the total electricity consumption of Finland. The fact that billionaire Elon Musk publicly supports Bitcoin while claiming Tesla is a “green” company when making electric cars, environmentally friendly has always been controversial. However, the CEO also left open plans that Tesla will still use Bitcoin when it finds a cleaner source of energy. “Tesla won’t sell any Bitcoin and we intend to accept Bitcoin for transactions as soon as mining converts to more sustainable energy. We are also looking at other cryptocurrencies that use less. 1% of energy / transactions that Bitcoin uses “. This new statement by Elon Musk surprised many people because earlier in a statement on the social audio application Clubhouse, the billionaire said “Bitcoin is a good thing”, adding that he is “late” and perhaps out bought cryptocurrency 8 years ago. The richest billionaire in the world added that he should have bought Bitcoin eight years ago. “I have been quite slow. But at this point, I think Bitcoin is a good thing,” billionaire Elon Musk said. Is the “pump blow”? Bitcoin is not the only cryptocurrency Musk has pumped in in recent weeks. He has repeatedly praised Dogecoin through his Twitter account with 54 million followers. Dogecoin even dropped when Musk joined Saturday Night Live and said: “Recently, the prices of many cryptocurrencies like Bitcoin, Ethereum and especially Dogecoin have increased”. Musk’s last tweet before the Bitcoin-related surprise announcement was also a question to poll his followers to see if they wanted “Tesla to accept Doge as a means of payment”. Photo: TL. Earlier in February, Tesla publicly stated that it had spent $ 1.5 billion on Bitcoin investments. Later in April, records showed they sold 10% of their Bitcoin holdings, making a profit of $ 101 million. The move caused a few rumors to emerge, suspecting that there was some kind of fraud when Tesla bought Bitcoin, Elon Musk said like it and then Tesla sold it. Twitter user Dave Portnoy had a post that would have tagged Elon Musk on this. Dave used the word “pump” to describe Tesla’s actions on Twitter. He wrote: “As I understand it: Elon Musk bought Bitcoin then he blew up, praised Bitcoin. Bitcoin price increased. Then Elon Musk sold out and pocketed a lot of money.” Elon Musk then responded under this post, “Oh no, I don’t. Tesla selling 10% of its Bitcoin holdings is necessary to demonstrate Bitcoin’s liquidity as an alternative channel to hold money. face”.

Billionaire Elon Musk ‘turned around’, Bitcoin and the cryptocurrency market fell flat

T.L — Fri, 14 May 2021 11:49:09 +0000

After Tesla CEO Elon Musk announced to stop accepting Bitcoin as a payment method, Bitcoin this morning fell by nearly $ 10,000 / BTC compared to yesterday, the virtual currency market plunged.

Bitcoin plunged sharply on the morning of May 13 At 7 a.m. this morning, Bitcoin’s price on Coindesk was just over $ 47,000 / BTC, down $ 10,000 / BTC compared to last night. Meanwhile, on Coinmarketcap, Bitcoin also fell at a similar rate, to close to $ 49,000 / BTC. Thus, after peaking at $ 64,000 in mid-April 2021, Bitcoin never stopped going down and repeatedly broke the $ 50,000 / BTC mark. Along with Bitcoin, a series of other virtual currencies also turned red, the market capitalization decreased by more than 10%. Ethereum decreased by nearly 5%, BNB decreased 8.2%, XRP decreased 10%, BCH decreased 16%, LTC decreased nearly 15% … Some other virtual currencies even decreased 15-40%. Notably, Shiba Inu, a virtual currency “junk” is crazy about investors because the hot rise recently fell by nearly 35% in just half a day. The virtual money market fell vertically because yesterday, billionaire Elon Musk, CEO of Tesla announced “suspending the purchase of cars with Bitcoin” due to environmental concerns. Earlier in March, Elon Musk revealed that US customers can use bitcoin to pay for Tesla cars. “Tesla has suspended the purchase of cars with Bitcoin. We are concerned about the rapid increase in the use of fossil fuels to mine and trade Bitcoin, especially coal, the most polluting fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future. However, that cannot come at an environmental cost, “the billionaire explained. This billionaire unlike anyone has repeatedly made headlines in the virtual currency market by sudden decisions. However, he also asserted that Tesla did not sell any Bitcoin and intends to use it for trading as Bitcoin mining uses more sustainable energy. Yesterday, this tricky billionaire also gave a consultation on his personal Twitter page about whether Tesla should accept payments in dogecoin. The survey received millions of responses, of which the majority approved. The event comes just days after the billionaire revealed that SpaceX has accepted Dogecoin to pay for his lunar trips. Dogecoin virtual currency was “born” as a joke in 2013 by computer engineer Billy Markus and Adobe marketing expert Jackson Palmer suddenly got waves when billionaire Elon Musk invested and praised many times. on the personal page. However, the billionaire himself has repeatedly made statements to make this virtual currency “on elephants, down dogs”. Over the past 24 hours, Dogecoin has decreased in price by nearly 14%. From the beginning of the year until now, many banks, investment funds, and financial institutions announced to invest in bitcoin or accept payments in Bitcoin. However, with only a few individuals’ moves, this market still plunged without braking, this shows the great risk of this market. Even billionaire Elon Musk, while initiating and pioneering large corporations to invest in virtual money, said that people should not invest life savings in digital money because it is “not wise. good “. According to billionaire Musk, there is a possibility that digital money will become the main currency on earth, but no one knows what kind of currency it will be. Therefore, the investment in that time should be considered.

What’s special about the electric bicycle project that Shark Phu committed to invest in?

Yến Chi — Thu, 13 May 2021 23:50:13 +0000

Shark Phu invested 1.5 billion VND in the Wiibike electric bicycle project and committed to payback this year to increase its investment 10 times.

Wiibike electric bicycles can quickly turn an ordinary bicycle into an electric bike by installing a kit made by the company itself. In the recent broadcast of “Silver billion deal”, the Wiibike electric bicycle project brought by CEO Nguyen Thi Thu Hang has received the investment of Shark Phu with 1.5 billion VND for 10% of the stock. part. And committed if the payback this year will increase the investment by 10 times. Wiibike is a science and technology startup in the green transport sector with the main product of complete electric bicycle, using lithium batteries. Notably, Wiibike’s chassis is made from a variety of materials, including one that uses bamboo, an environmentally friendly renewable material. In addition, Wiibike also offers a Wiibike kit to turn a regular bike into an electric power bike within 15 minutes. According to Mr. Lai Thai Phong – product development specialist of Wiibike, these are Make in Vietnam kits manufactured by the company. This kit comes with a sizing mechanism that can be mounted on any bike, including models with different wheel sizes. “The most important thing about the kit is how the battery is in it. To achieve high performance, the kit must use high capacity cells and good connectivity. This idea is researched and learned from technologies available in the world. ”, Mr. Phong shared. However, this enterprise is only in the consulting process to register for invention copyrights. The Wiibike electric power bicycle project received an investment of 1.5 billion VND for a 10% stake from Shark Phu According to Ms. Nguyen Thi Thu Hang – co-founder and operator of Wiibike, this start-up has a trial product since 2017. Currently, Wiibike is at 51% gross profit with revenue of 2.3 billion VND in 9 months, starting from July last year. “Although not yet implemented any traditional promotional campaigns, the project has attracted 300 customers to buy this car”, the project’s CEO shared. However, according to Shark Hung, this is not a new business model, it is difficult to approve that this is an invention that only stops at industrial designs or useful solutions. Vehicle design is not beautiful, does not show style, the numbers are not convincing. Therefore, the “real estate shark” has decided to ignore this deal. However, CEO Nguyen Thi Thu Hang maintains her stance when asserting that what she does will contribute to the value and make a great impact on the lifestyle and living environment of the Vietnamese people. Whether or not the capital is successfully raised, Thu Hang affirms that she will continue to fulfill this dream. “Wiibike’s orientation is not only at the product, but also to offer green transport solutions to really contribute to the transport system in Vietnam”, said founder of Wiibike. Finally, this start-up successfully raised capital from Shark Phu with an investment of 1.5 billion VND for a 10% stake.

The goat money increased in price by 5 times thanks to Mark Zuckerberg’s post

Phúc Thịnh — Wed, 12 May 2021 18:11:08 +0000

The value of the AquaGoat cryptocurrency rose 500% in less than 24 hours after the Facebook CEO posted a photo of his two goats.
Figures from CoinMarketCap shows that in the past 24 hours, the value of AquaGoat increased by more than 500%, trading volume increased by more than 3,300%, to 12.5 million USD.

AquaGoat’s transaction value and volume suddenly increased sharply after Facebook CEO Mark Zuckerberg posted a picture of two goats raised on his own farm with the content “My goats: Max and Bitcoin”. Internet users claim that Max and Bitcoin are Zuckerberg’s two goats, implying that the Facebook co-founder is also interested in Bitcoin and the crypto market. AquaGoat’s value soared after Mark Zuckerberg’s two goats. Photo: CoinMarketCap. AquaGoat was launched by an Australian programmer on April 7 and appeared on CoinMarketCap from April 21. This is a decentralized token on the Binance exchange that emphasizes transparency and community contribution. According to AquaGoat’s website, transactions will be partly deducted and donated to organizations that conserve marine life and clean the ocean. AquaGoat’s Twitter page also repeatedly mentioned Mark Zuckerberg, referring to the image of his two goats contributing to the price increase of more than 500%. This is not the first time cryptocurrencies “animals” have increased in value thanks to technology billionaires. Recently, the crypto value Dogecoin with the image of Shiba dog has continuously fluctuated after the posts of billionaire Elon Musk. On April 17, a post with the content “Doge barking at the moon” of the billionaire made the Dogecoin price more than doubled. Earlier in February, the coin also appreciated more than 50% after Musk’s survey of the future currency in the world. Zuckerberg’s post shared the names of two goats, Max and Bitcoin. Screenshots. On May 8, Musk uploaded a photo of Musk’s personal announcement to join the program on Twitter Saturday Night Live , insert the Shiba dog image, the Dogecoin symbol in the frame. Soon after, the Dogecoin price surged and reached a historic high of $ 0.72. However, before the time Elon Musk aired the program, the price of Dogecoin fell sharply. On May 10, Musk’s aerospace company SpaceX announced a mission called “DOGE-1 Mission to the Moon”. This is a delivery program to the Moon in which SpaceX accepts payments in Dogecoin. While attracting attention, crypto experts recommend that Dogecoin, or “animal” currencies, have many drawbacks compared to other decentralized assets like Bitcoin. Therefore, investors should be cautious before deciding to enter the market. The high cost of Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity needed for mining has increased significantly. This leads experts to believe that mining cryptocurrency is not environmentally friendly.

The US has pressured to cancel plans to launch Instagram’s ‘kid’ by Facebook

editor — Wed, 12 May 2021 09:16:08 +0000

A group of 40 US state attorneys urged Facebook CEO Mark Zuckerberg to cancel plans to launch a version of Instagram for children under 13.

In a letter to Facebook CEO on May 10, the attorneys wrote: “Using social networks can harm the health and spirit of children, who are not equipped to overcome the challenges of owning. social network account. Furthermore, Facebook has a history of failing to protect the well-being of children on its platform ”. A Facebook spokesperson said the company has just researched Instagram ideas for children and is committed to not showing any ads in the version for children under 13. Facebook agrees that every version of Instagram must prioritize safety and privacy first. The social network consults with experts in the areas of child development, child safety and mental health. On Twitter, Massachusetts attorney Maura Healey criticized Instagram for children as “a shameful attempt to exploit and profit from vulnerable people”. The letter citing articles from 2019 indicates that the Messenger Kids app, intended for 6-12 year olds, “contains serious design flaws, allowing children to overcome restrictions on online interaction and join groups. Chat with strangers, not approved by parents ”. Last month, the Ad-Free Childhood Campaign also urged Zuckerberg not to create a child version because it would put children at “great risk.” Du Lam (Reuters)

Internet users explain the names of the two goats of the Facebook CEO

Phúc Thịnh — Wed, 12 May 2021 03:28:07 +0000

In a Facebook post, CEO Mark Zuckerberg revealed the names of his two goats are Max and Bitcoin.
Specifically, Zuckerberg shared a photo of two goats raised on a private farm. What attracts attention is the names of 2 goats: Max and Bitcoin. After more than 2 hours, Zuckerberg’s post has garnered more than 290,000 likes and 64,000 comments.

Unlike Elon Musk, the co-founder of Facebook doesn’t usually share his investments on his personal page. According to the Livecoins This is the first time Facebook CEO has posted content publicly, specifically referring to the name Bitcoin, the most expensive cryptocurrency in the world today. The latest post implies that Zuckerberg is interested in Bitcoin. Some have suggested that Mark wants to reverse the price of Bitcoin like Elon Musk is doing with Dogecoin and some cryptocurrencies, even though the billionaire has never confirmed an investment or bought Bitcoin. Zuckerberg’s post shared the names of two goats, Max and Bitcoin. Screenshots. In addition, combining the two words Max and Bitcoin in the name of Zuckerberg’s 2 goats to create Max Bitcoin. This is a term for a person who buys Bitcoins to increase their distribution in a portfolio (maximize Bitcoin). Zuckerberg seemed intentional by naming the goats Max and Bitcoin, but it could also be a coincidence. Another interesting thing is that the word GOAT (goat) in English stands for Greatest of All Time (greatest of all time). Originally Zuckerberg’s post was “My goats: Max and Bitcoin”, which could mean Max and Bitcoin are the names of two goats, or Max and Bitcoin are the two “greatest of all time” for Zuckerberg. Member kylelock8788 on the Reddit forum also pointed out Max in the name of journalist Max Keiser, who always made a statement in favor of Bitcoin. More and more companies are investing in Bitcoin. At the end of April, Korean gaming company Nexon said it bought 1,717 BTC with an average price of $ 58,226 / VND. Previously, Meitu, a popular photo-editing app developer in China, revealed that it spent $ 100 million on Bitcoin and Ethereum. In February, billionaire Elon Musk’s Tesla electric car bought $ 1.5 billion in Bitcoin. The company then sells 10% of the Bitcoin to prove the cryptocurrency’s liquidity. In 2020, the price of Bitcoin increases by nearly 300%. From the beginning of 2021 until now, the price of the largest cryptocurrency in the world has continued to increase by 95%. In early April, Bitcoin peaked at $ 63,000 but then dropped below $ 60,000. According to the Coindesk Bitcoin price as of May 11 is over $ 56,000. The high cost of Bitcoin mining Since the advent of cryptocurrencies, the amount of electricity needed for mining has increased significantly. This leads experts to believe that mining cryptocurrency is not environmentally friendly.

CEO Nguyen Thanh Hang: Core value lies in the mind

PHA LÊ — Tue, 11 May 2021 19:27:08 +0000

CEO Nguyen Thanh Hang, founder of Dai Phuc Land Real Estate (Real Estate) brand, has spent more than 20 years in the real estate industry putting a lot of effort into creating impressive product values for the real estate market.

CEO Nguyen Thanh Hang – United businessman “Sac with talent” in 2019 CEO Nguyen Thanh Hang is the founder of the real estate brand Dai Phuc Land with 20 years of experience in the real estate industry. Thoughtful about the real estate market together with her passion for business since she was 18, she has steered Dai Phuc Land boat more and more and develops sustainably. She is also known as the “Excellent and talented” businessman in 2019. Over the past time, her brand name but her reputation has been confirmed with more than 20 projects in important locations in Thu Duc city (Ho Chi Minh City). Currently, she is cherishing and turning her dream into reality in order to change her face to create a beautiful and romantic Villas on Doc Let beach – Ninh Hoa (Khanh Hoa province). ” Doc Let Beach has a beauty like very poetic angels – so beautiful that I could stop eating and sleeping just to come up with a detailed design idea for my baby “King Palace Villa” worthy of this place. “Ms. Hang said. CEO Nguyen Thanh Hang She said, this is my enthusiasm in the past time. Although there are times when I intend to let go of my hands when the difficulties piled up continuously, however, not giving up the difficulties and challenges, I am determined to implement and perfect the resort Villas near the sea, bearing style. European way – Even the smallest subtle lines. CEO Nguyen Thanh Hang – The beauty of the “Sac with a Talent” Entrepreneur in 2019 is a woman who is very dedicated to her spiritual children. “To implement this dream, I want to bring to the real estate market a 100% legal completed product to absolute safety. Only 60% of the total value – notarize the transfer. Buying and selling, and holding the name of the owner at the location of the land will build a Villa with many uses. The remaining 40% is divided into 5 payment installments, with the time each time is 3 months apart – number The payment per installment is only slightly more than 100 million VND, with the interest rate of 0 VND. Thus, is the best condition for those who want to own a resort here without being too concerned about finance “- Sister Nguyen Thanh Hang shared. Perspective of ground floor villa in King Palace Villa garden “The Villas are designed elaborately in every detail, cherishing each level of emotions, when customers take the first step to explore Doc Let beach, which is rated as one of the 10 most beautiful beaches in Vietnam. Man, then they could not help but remember the resort was built up from the morality and enthusiasm of the female general, day and night without concern, along with a team of young architects with full experience. an overall block of form. From a distance, “King palace villa” is shown splendidly but also very poetic. ” Ceo Nguyen Thanh Hang said. Perspective of living room King Palace Villa The reason why “King palace villa” is European style with closed space and the cost to build this model is very good and bad? She said that the majority of the resort real estate market is always following a modern style in open spaces. However, she wants to make a difference, a quiet but warm space for her family when she has the opportunity to travel together. Ms. Nguyen Thanh Hang confided that since childhood, after the family incident, the two sisters had to follow their parents to make real prayers in the guest land. When she is a little older and enters the loving age, she conceives that space will create emotions, which is indispensable to create a taste of life. According to her, the bedroom space needs to be refined in favor of softness, flexibility and romance. Therefore, she has devoted herself to building King Palace Villa into a small happy home for each family. For her, a warm and happy family together is an invaluable asset that cannot be exchanged. Perspective of King palace villa bedroom With the design concept of each villa from royal yellow to cool blue sky, priority is given to the background of the room space, accompanied by soft yellow light, light from chandeliers, with pictures The shape of candles is sparkling, the highlight is the wall panels decorated with wallpaper, wall paintings, European-style, the curtains are selected in tones matching the background color of the room. A special thing, the bedroom space enjoys the full green of the garden from the back, bringing cool and airy air. According to Ceo Nguyen Thanh Hang, the difference of “King palace villa” is that: “Each Villa is built on an area of 130m2 – 150m2 – Gardening on residential land 100%.” These are not only attractive, safe and effective investment solutions. It also brings lasting value to many generations. Especially, customers are committed to operate and manage by the investor, and at the same time, they are paid 50% of profit for the whole year from the exploitation of the purchased real estate. Perspective of King palace villa kitchen Located about 30km from Nha Trang, Ninh Hoa town is surrounded by mountains and sea. Specifically, the South of Ninh Hoa town borders Nha Trang city, the North borders the special economic zone of Bac Van Phong, the West borders Dak Lak province, the East stretches along the East Sea. Thanks to its special location, this place has a cool climate all year round, convenient traffic location, so it is very suitable for the development of marine tourism. In which, the highlight that makes up Ninh Hoa tourism is Doc Let beach, an attractive and attractive place for tourists. This place possesses beautiful scenery with ocean hills surrounding the coast. The coconut palms radiate shade, smooth white sand, flat, nearly 10 km long. Ninh Hoa promises to be a booming real estate market in Khanh Hoa Currently, the accommodation system serving tourists here is also developing strongly. Especially during holidays and summer, the luxury resort systems such as TTC Doc Let, Six Senses Ninh Van Bay, White Sand Doc Let Resort & Spa … are always in full room. Ninh Hoa also owns a special position in traffic as it is located on the main axis of many national highways and railways connecting the North – South and the Central Highlands provinces. Especially, Van Phong Bay international seaport. According to real estate experts, with such huge potential, Ninh Hoa promises to be a booming real estate market in Khanh Hoa. Currently, many businesses have poured into the development of real estate projects here.

The CEO of a Bitcoin exchange hugs over $ 500 million in hiding

Nhật Minh — Fri, 07 May 2021 20:30:08 +0000

Turkey’s hundreds of millions of dollars in crypto exchange closed down, less than a week after the country tightened regulations.
Thodex, a cryptocurrency exchange in Turkey, ceased operations on April 22. According to the Coindesk Thodex CEO Faruk Fatih Özer is disappearing, and many users fear that Mr. Ozer will carry hundreds of millions of dollars on the floor.

On April 22, many Thodex users were surprised by the inability to access the exchange. On the official website, Thodex announced to stop all transactions to re-evaluate the offers from partners. The broker also says the process will take 4-5 business days. Thodex exchange closed, many reports suggest that the CEO has run away with money. Photo: AA. According to data from CoinMarketCap , before stopping trading assets on Thodex about 585 million USD. Thodex has about 400,000 users, 390,000 of whom are active traders, according to the national news outlet Anadolu . Although Thodex’s announcement promises to return soon, the social media accounts of many of the exchange’s managers have been locked. The exchange’s user support team is also inaccessible. CEO and founder Faruk Fatih Özer closed his Twitter account on April 21. According to the Anadolu A lawyer filed a lawsuit against Ozer on allegations of fraud. Oğuz Evren Kılıç, chief financial law officer of the Ankara Bar Association, said zer fled Turkey on the evening of January 20. This information was revealed to Mr. Kılıç by the police. According to the CNN Turk , the Istanbul police also began investigating Thodex with allegations of fraud. Bloomberg Thodex’s bank account was blocked, and police searched the company’s office. The number of cryptocurrency investors in Turkey has increased rapidly in recent years, as many believe that this can be an inflation hedge. On April 16, Turkey’s Central Bank announced that cryptocurrencies would not be allowed to be used directly or indirectly for payments, and the regulation went into effect on April 30. However, trading cryptocurrencies is not prohibited under the new regulations. Therefore, Thodex’s suspension of operations makes many investors concerned. Thodex CEO Faruk Fatih Özer has yet to reappear. Photo: DW. Mehmet, a Turkish investor, said he noticed suspicious signs when Dogecoin traded on Thodex at a much lower price than other exchanges. On April 17, the price of Dogecoin on this exchange was up to 30% lower. As of April 19, Thodex announced a brief shutdown for maintenance related Dogecoin trading. This cryptocurrency, often considered a joke because of its origin, accounts for 53% of transaction value on Thodex. The amount of Bitcoin held on this exchange is only equivalent to about $ 10 million. As announced by Thodex, the exchange stopped trading to consider partnering with an unnamed partner. Blockchain professor Ismail Hakki Polat at Kadir Has University in Istanbul said the announcement could mean the exchange is looking for new investors. Attorney Kılıç is giving legal advice to many Thodex users. Mr. Kılıç argued that these users cannot withdraw money from the exchange, whether in the form of fiat money or cryptocurrency. On April 22, the Thodex website updated with more information that the allegations of fraud against this exchange were not true. The announcement also said that the exchange detected about 30,000 suspicious accounts. According to the Coindesk This announcement may have been written by CEO Özer of Thodex himself. He also confirmed that there is a smear campaign aimed at him.

The reason Mark Zuckerberg wears a lot of sunscreen

Giai Kỳ — Tue, 04 May 2021 13:59:08 +0000

‘If someone wants to use my sunscreen photo as a meme, that’s pretty cool. I am very happy to bring laughter to everyone, ” said the Facebook CEO.
BuzzFeed News reported on April 27, through an online chat with Adam Mosseri, Mark Zuckerberg explained about the sunscreen incident.

He said he is a person who likes to use sunscreen to keep his skin healthy when swimming or playing water sports. Besides, Mark Zuckerberg revealed the reason why he wears so much sunscreen that his face is white. Apply sunscreen to avoid paparazzi The Facebook CEO shared that he found himself being watched by a photographer while surfing. Therefore, he thinks he can disguise and avoid the lens by adding sunscreen. Mark Zuckerberg said he likes to wear sunscreen to protect his skin. Photo: Mega. Zuckerberg admitted his thinking was unsuccessful. This isn’t the first time Zuckerberg has spoken out about the sunscreen incident. Before that, he said: “I will not apologize for applying too much sunscreen. I think this cream is good”. In July 2020, the image of the CEO of Facebook flooded social networking sites. White face due to sunscreen taken by Mega. The photo immediately became the subject of photo preparation for netizens. His white face has been compared to cartoon objects like No-Face, Aayang defending the Fire Nation. In addition, the surfing photo of Mark Zuckerberg is paired with Michael Myers and Moreau in the movie The Island of Dr. Moreau , the villain Joker. Common mistake when applying sunscreen Mark Zuckerberg’s act of applying too much sunscreen can cause pore clogging. This phenomenon leads to acne, oily, dull skin … Insider recommend everyone to apply an appropriate amount, not too much or too little. Besides that, Insider mentioned 12 mistakes that many people often make when wearing sunscreen. Among them, using incorrect dosage is the most common mistake. Applying too much sunscreen can lead to pore clogging. Photo: Travelandleisure. Not wearing sunscreen every day is one of the bad habits. Skin is still affected by UV rays. Sun damage can occur in all weather conditions. Meanwhile, most sunscreen products have a shelf. Dermatologist Paul Jarrod Frank shared with Refinery29 : “You cannot determine the SPF when the sunscreen expires.” People must stop using expired skin care products. Some other factors to note such as reapplying sunscreen during the day, not applying makeup on makeup, using cream from home …

CEO Do Thuy Hang shares how to protect teeth from natural materials

Quỳnh Chi — Tue, 04 May 2021 08:15:10 +0000

CEO Do Thuy Hang of Charm Dental Cosmetic Dentistry will help people grasp the safe and easy oral care methods at home.
Ms. Do Thuy Hang is currently the CEO of Charm Dental Aesthetic Dental, a prestigious dental care address in Hanoi. Although still quite young, CEO Do Thuy Hang has been very successful as a manager and operator of Charm Dental dental operations.

With many years of experience in the field of dentistry, Thuy Hang understands the needs of many people in beauty and oral care and their love for nature, no chemicals and less toxicity. Therefore, the young female CEO has the secret to help customers protect their teeth from natural, easy-to-find materials to help people own bright and healthy teeth. Salt – Simple whitening of teeth One ingredient that you can use to whiten teeth is salt. Just mix a few grains of salt into the toothpaste and use it normally and the stain will disappear. Over time, your teeth are not well cared for, and food sticking together will make yellow stains on your teeth very poorly. Not to mention that the stain also makes your breath a bit “coriander”. Salt is not only used for cooking, but also for good dental hygiene. Mix salt water rinse every day to help freshen breath, prevent tooth decay. Mixing into the toothpaste a few grains of salt can be safe to whiten teeth at home. Protect tooth enamel with apples Science has shown that eating a lot of apples can protect tooth enamel very well. When you chew the pieces of apple, they produce amino acids and fiber that make the stains on your teeth go away quickly, so the enamel is also completely protected. The method of protecting natural enamel that Charm Dental Dental CEO Do Thuy Hang shares can be implemented. Eating apples is both good for health, digestion and beauty for teeth, why not try it? You will certainly not be disappointed with the results. Relieve toothache with guava leaves Tannic acids, quercetin and flavonoids are the ingredients in guava leaves, providing rapid pain relief. In addition, guava leaves also have antibiotic, antiseptic and anti-inflammatory effects, so they are also listed in the list of natural ingredients that reduce toothache at home. Want to relieve toothache, you chew young guava leaves thoroughly with a few grains of salt until the pain is lessened. If you can’t chew, let the water cool, use them to rinse your mouth and suck in pain. Although it takes a few times to get the best results, it is quite safe for us. However, Ms. Do Thuy Hang also advises everyone when they have a toothache to go to the dentist for the best care. Relief of toothache thanks to clove oil Of all the home dental pain relief options, clove oil is best. With its antibacterial, anti-inflammatory, and analgesic properties, just a little clove oil is enough to make you feel better when the pain begins to torture. Use a clean cotton ball to soak some clove oil and place the cotton ball on the affected tooth. For the clove oil to work, let it sit for about 20 minutes. This natural pain relief is quick, safe and easy to do. Ms. Thuy Hang together with Charm Dental provide perfect solutions for those who are having dental problems. Although each person can take care of their teeth at home, but coming to the clinic, the time for dental treatment, dental care and beauty will be minimized. Currently, Charm Dental has all modern facilities to serve customers. The services are not only diversified but also extremely quality thanks to the golden hands of all experienced and professional doctors. The dentistry has a beautiful, airy and professional space that is ready to welcome any customer. In the future, Thuy Hang still wants to expand more clinics to care for more people.

American miners face challenges from China

editor — Fri, 30 Apr 2021 01:19:15 +0000

The crypto mining industry started to explode in the US and Canada, offering competition to Chinese mines that control more than half of the world’s hashing power.
In March, Neptune Digital Assets and Link Global announced the construction of a 5 MW Bitcoin mine in Alberta, Canada. CEO Cale Moodie of Neptune Digital Assets at the time emphasized the importance of global pressure in building Bitcoin mining pools spread around the world.

Recently, an investment of over $ 200 million has been made to build a mine in the US. This trend is increasing rapidly in North America, according to CoinShares chief strategy officer Meltem Demirors. In March, the US state of Kentucky also passed two bills to reduce taxes for cryptocurrency miners, in order to attract more local workers. With capital released, the construction of a large-scale Bitcoin mining industry in North America has never been so explosive. What happened? China now accounts for 65% of the global Bitcoin mining size, compared with just 7.24% for the US. The exact number may not be the same according to reports from the US and China, but the fact is that the US is far behind on this front. China accounts for 65% of the total global Bitcoin mining capacity (source: Cambridge University) In the early days of cryptocurrencies, American miners were still wondering if their hashrate was paid when contributing to the mining pool. In many cases, miners are paid less than their efforts. Since Bitcoin uses proof of work (PoW), the hash rate becomes what determines what percentage of the miner’s effort is paid off. Proof-of-Work ̣ (PoW) is a consensus algorithm created in the blockchain network, used to validate transactions and produce new blocks in the chain. Meanwhile, hash rate is a measure of the algorithmic ability of a cryptocurrency miner like Bitcoin. Because bitcoin mining involves solving algorithms to confirm transactions, it requires powerful equipment to help find the required hash in the shortest amount of time. But China started to exploit very quickly thanks to cheap labor and electricity prices without having to worry too much about external problems. The country currently leads the world, accounting for about 30% of hydroelectricity and 50% of its coal-fired power generation capacity. The problem of the environment In North America, any act of harmful to the environment is put on the radar of the activists. When the virtual currency craze exploded, Bitcoin mining, which consumes electricity and emits greenhouse gases, quickly became the focus of criticism. Meanwhile, electricity consumption for Bitcoin mining in China will peak at 296.59 TWh by 2024, according to Nature Communications. This exceeds total energy consumption in 2016 by Italy and Saudi Arabia combined. In March, the Bank of America criticized the consumption of one Bitcoin at a price of $ 50,000 for carbon emissions equivalent to 270 tons, equivalent to the internal combustion engines of 60 cars. The PoW mechanism causes Bitcoin transactions to require miners to compete for an algorithm to validate the block on the chain. In return, they are rewarded with Bitcoins for completing difficult problems. So, machines like the ASIC are specifically designed to do this, and they consume tremendous amounts of power. This is actually a security enhancement of PoW, not a bug. If the answers called hashes are too easy to solve, the blockchain network is vulnerable to attack by hackers. However, using a lot of energy isn’t necessarily a bad thing. A company called Crusoe Energy has developed technology to “capture” gas in the central atmosphere at oil wells and use it to power on-site data centers. The company deployed projects in Colorado, Montana, Wyoming, and North Dakota and resulted in a 72% reduction in CO2 emissions compared to burning it. Bitcoin mining is essentially power consuming because it runs 24/7 and needs stable and constant energy sources. Another advantage of Bitcoin is that it uses energy in places far from residential, like mining mines located in remote areas in Xinjiang, China. The big problem today is that Bitcoin is still using fossil fuels and enrich these companies. Only 39% of total energy consumption comes from renewable sources such as wind, water, and solar, according to research from Cambridge University. But even if Bitcoin mining runs entirely on renewable energy, it will create increasing demand for ASICs and disrupt the global supply chain of semiconductors. The end result is a pile of electronic waste that no single green energy source can deal with. The problem could be under control if the industry’s focus was shifted from China to the US, where environmental activists play an active role in curbing energy consumption and carbon emissions. school. Security risks? Aside from the environment, another danger lies in Bitcoin’s consensus mechanism with more than half of the network hashes located in China. That makes it possible for China to control the protocol and reverse transactions. This is a disgrace to Americans when the Internet revolution was initiated in the country of chess, but in the age of cryptocurrencies, China is in control of the game. Cryptocurrency attacks, known as 51% attacks, target a weakness in PoW’s consensus mechanism when a group of people has more than 50% of their hash power. In such attacks, the attacker does not actually steal the virtual currency, but just spends twice the amount he has by executing two transactions simultaneously to two different wallets and defrauding the system. But any exchange with good liquidity can prevent such an attack by setting a withdrawal limit. In the future, the competition of semiconductor chip factories creating more 4.0 shovels is expected to help this industry have global coverage. The end of PoW? Will the PoW mechanism be out of date? After all, Ethereum is emerging with the second largest market cap, preparing to move to a Proof-of-Stake mechanism that significantly reduces energy consumption and speeds up transactions. This mechanism makes it possible for one person to mine or validate block transactions by depositing virtual money into the network. This deposit is locked and returned to its owner after a set period of time, to prevent fraud. Even so, PoW in the 12 years of its existence has demonstrated its ability to prevent any cyberattacks. Meanwhile, PoS still needs time to experiment. Ethereum’s PoS transition phase, which is known as ETH 2.0, was planned 2 years ago and is expected to begin rolling out next July. The new hub of Bitcoin? Neither the US nor China, other emerging countries could soon outperform both thanks to more renewable energy and cheaper operating costs like India. America is thriving, but the gold mines in China cannot disappear overnight unless there are special government regulations. Experts expect that China can drop to 40-50% of the total hash rate within the next three years, and then North America could account for 30%, 20% from Europe and the remaining 10%. scattered in other areas. The problem with the US is that the federal government does not interfere and needs its own policies in states to attract and retain blockchain companies, as is the case with the state of Zug in Switzerland, which is known as the Valley. virtual money of the world thanks to specific policies of the state government. A miner is cleaning the ASIC Several states like Kentucky, Texas, and US cities like Miami are slowly recognizing blockchain as the technology of the future, and experts expect North America to win 10% of the global hashrate next year. Even so, as Bitcoin continues to receive investment, environmental issues will continue to be a major hurdle preventing the explosion of mining pools in North America, said the Hashrate Index expert Ethan Vera. The power failure in Xinjiang on April 16 affected the mines there and indirectly caused Bitcoin to lose 21% of its value from the peak of $ 64,000, possibly the strongest warning to the United States. in the war of cryptocurrencies, the future of humanity. Phuong Nguyen (according to CoinTelegraph)

Volkswagen warned of a shortage of chips

(Nguồn: Báo Tin tức ) — Thu, 29 Apr 2021 20:35:08 +0000

Car maker Volkswagen AG warned managers to prepare to ‘deal’ with production operations being affected by the global shortage of chips.
In an interview with the Financial Times, Mr. Wayne Griffiths, President of Seat brand in Spain, Volkswagen said that the unit has received notifications from suppliers as well as from Volkswagen Group about significant challenges in the quarter. II and possibly even more difficult than the first quarter.

The shortage of chips is the biggest challenge that this business is facing, Griffiths said. Volkswagen logo at a dealership of this company in Hamm, Germany. (Photo: AFP / VNA) Seat’s Martorell factory, located on the outskirts of Barcelona, only makes models that receive chips from suppliers, Griffiths said. Volkswagen expects chip supplies to remain tight in the coming months. Last month, Volkswagen Chief Executive Officer Herbert Diess said it was unable to produce 100,000 cars due to a shortage of chips and it would be difficult to make up for the shortage in 2021. According to Volkswagen, the shortage of chips is exacerbated by a snowstorm in Texas (USA), and major chip manufacturers based in the region have to stop production or reduce production. Therefore, this company cannot rule out the possibility of further adjustments to production activities.

Volkswagen warned of a shortage of chips

Trà My/TTXVN (Theo Reuters) — Thu, 29 Apr 2021 18:48:08 +0000

According to the Financial Times, car manufacturer Volkswagen AG has warned managers need to prepare to ‘deal’ with the more impacted production activities in the second quarter of 2021 compared to the first quarter. 2021 due to a global shortage of chips.

Volkswagen logo at a dealership of this company in Hamm, Germany. Photo: AFP / VNA In an interview with the Financial Times, Mr. Wayne Griffiths, President of Seat brand in Spain, Volkswagen said he had received notification from suppliers as well as from Volkswagen Group about the significant challenges in the second quarter. could be even more difficult than the first quarter. Mr. Griffiths said that the shortage of chips is the biggest challenge that this business is facing. Seat’s Martorell factory, located on the outskirts of Barcelona, only makes models that have received chips from suppliers, Griffiths said. Volkswagen expects chip supplies to remain tight in the coming months. Last month, Volkswagen CEO Herbert Diess said the company was unable to produce 100,000 vehicles due to chip shortages and it would be difficult to make up for the shortage in 2021. According to Volkswagen, the shortage of chips is exacerbated by a snowstorm in Texas (USA), and major chip manufacturers based in the region have to stop production or reduce production. Therefore, the firm cannot rule out the possibility of having to make further adjustments to production activities.

New CEO’s Panasonic revival plan

editor — Wed, 28 Apr 2021 19:25:11 +0000

Home Appliances Director Masahiro Shinada sees a pivotal part of Panasonic’s future located in a town in the country.

At its 5,000-worker factory located in Shiga prefecture, Pansonic manufactures high-tech air conditioners with new features. It produces microscopic water droplets that fight against corona viruses and other viruses, bacteria and pollutants in the air. The technology that produces hydroxyl radicals, or atmospheric cleaners, is being used in cars, elevators, buses, and trains in Japan. Panasonic’s Ziaino air purifier sales tripled to more than $ 100 million during the Covid-19 period. The company sets a target of nearly $ 500 million in sales over the next five years. Ziaino has a high ability to disinfect and deodorize by creating hypochlorous acid. In an interview with Nikkei Asia, Mr. Shinada said that the company wants to leave the image of a disgraced television maker behind to focus on health-related products. The increase in sales is a sign of a happy revival for Panasonic’s 103-year-old home division. He does not hide his ambitions to become No. 1 globally or regionally in some areas. “We may not be as big as LG, but we can compete on profit margins. We want the rest of the world to know that Panasonic has been reborn, ”he told Nikkei Asia. This is the message Panasonic hopes investors will listen to. From April 1, Mr. Yuki Kusumi will replace Kazuhiro Tsuga as the company’s CEO after 9 years in office. During his tenure, Mr. Tsuga had to “clean up” the aftermath of the costly 2009 acquisition of Sanyo Electric, withdrew from the semiconductor industry, LCD panels, solar panels, and turned to components car, aviation. Panasonic wants to begin a new journey under the new CEO after he led a restructuring of the company’s auto division. Optimism is gradually spreading. Shares have risen more than 35% since the announcement of a leadership change in November 2020. On February 2, Panasonic raised its annual profit forecast for fiscal year 2020. The electric vehicle battery joint venture with Tesla is expected to be profitable for the first time since it opened in 2017. At the annual shareholder meeting in June 2020, Mr. Kusumi pointed out that many parts of Panasonic have low revenue. From the founder’s point of view, it means that Panasonic is not contributing as much to the community as it used to be. Konosuke Matsushita was the founder of Panasonic in 1918 without formal training. Mr. Matsushita once said that profit is the reward of giving to society, the mission of a manufacturer is to make products “cheap and plentiful like tap water”. Panasonic is the resurgent symbol of Japan in the post-war era. They manufacture and export household products like many other country companies. Although initially considered a second-class product, Panasonic has gradually gained international recognition for its quality. In the 1990s, Panasonic was a rival of Sony and Phillips in the global television market. In the mobile phone market, Panasonic also balances Motorola, Nokia and Ericsson. During the 12 months ending March 1991, they were the second most profitable company in Japan, behind only Toyota Motor and Asia’s leading consumer brand. But this giant did not adapt to the times and turned from a hero to the representative of Japan’s troubled industry. Over time, Panasonic lost its lead to Korean and Chinese rivals such as Samsung, LG, and TCL. The past two decades have been a battle that has turned the firm’s destiny. During most of that period, Panasonic’s operating profit margin remained below 5%. As of the end of December 2020, the rate was 4%, lower than 11% for Sony, 6.3% for Hitachi, and 5.1% for LG, according to data from Quick FactSet. Market value is only half of its 2006 peak and a quarter of Sony. Panasonic did not have a product that had great success on the world stage. While some are quite powerful, such as DVDs and video players with 17% market share, they are too small to support businesses that feed 250,000 people. In 2020, in Japan, Panasonic accounts for nearly 30% market share of household appliances, but globally only 2.5%, down from 2.8% in 2015. The company ranks 7, after Midea, Phillips, Haier, according to research firm Euromonitor. Even the market share of air conditioners, a strong product of Panasonic, in the past 5 years, only 4.1%, ranked 5th in the world, still according to Euromonitor data. Atul Goyal, director of research management at investment bank Jefferies, rated Panasonic “too diversified” and “too many products.” “I wish they focused first and reduced to a smaller scale, winning in 3 or 4 fields and developing them without looking anywhere else.” Other experts argue that the problem is more with marketing than with technology. In the global marketplace, marketing is important. Others commented that Panasonic in particular and Japanese electronics in general paid too much attention to technology without paying attention to convenience, ease of use, electronic features, and cost efficiency of the product. Panasonic is not alone in the transformation. Hitachi abandoned home appliances to focus on transportation and infrastructure. Sony re-formed an entertainment, image sensor and game consortium. Sharp sells itself to Taiwan’s Foxconn. New media reported that Panasonic is looking to acquire Blue Yonder, an AI company that monitors real-time supply chains and predicts demand, allowing for the optimization of inventory and logistics operations. Acquisition ambitions show that business services still play an important role in Panasonic’s bottom line, but once again questioned whether they are “overwhelmed”. After the news was released in March, the company’s shares fell 6%. Even Panasonic’s strategic partnership with Tesla hasn’t been smooth. Back in 2010, when Panasonic decided to invest $ 30 million in a startup, the electric car market was small and uncertain. In 2014, the company agreed to participate in the development of Tesla’s electric vehicle “big factory”. However, Panasonic hesitated at the idea of expanding in 2018. It was not until August 2020 that they decided to step forward. The hesitation angered investors as Tesla turned the offer to other suppliers such as CATL in China, LG Chem in Korea and began to develop batteries on its own. According to analyst Goyal, Panasonic cannot even focus on a “good food” business. They should have invested more heavily, took risks, and actively expanded. In the context of a change in leadership, Panasonic adjusted and put the household division at the center. The department head believes they are regaining their “fighting spirit”. He admits that Panasonic needs to focus on areas of strength. “Working for people is this company’s original mission. That is what we want to focus on. Mr. Shinada emphasized that Panasonic must cut costs to make their prices more affordable to many foreign users. The decision to move the global home appliances division to China is an example. In China, Panasonic QR code-operated smart lockers are available at convenience stores and cafes in major cities, including the HeyTea tea chain, to serve customers without need. contact. These cabinets were installed at 98 HeyTea stores last year and are expected to grow to more than 500 this year, according to Tetsuro Homma, CEO of Panasonic China and Northeast Asia. Panasonic accounts for 30% of the Chinese frozen food display market with sales of around $ 500 million. Mr. Homma believes that the scale can be tripled, equivalent to the US market, which Panasonic is serving through the Hussmann branch. However, Panasonic’s business in China has never been easy. Its sales still stand at $ 7 billion, equivalent to 2% market share in the home appliance market, even though it was the first Japanese company to enter the country in 1987. According to Mr. Shinada, Southeast Asia is where Panasonic has a larger market share and a more solid foothold. He pledged to spend a lot of effort revitalizing the home appliances business in Southeast Asia like China. Panasonic still has to improve many things. Some analysts say that the recent rally in stock prices was purely due to the overall economy going up, not on the efforts of the company itself. CEO Tsuga admitted that when he revealed his retirement plan in November 2020. “It is very difficult to achieve growth with profits.” He places his hopes on Kusumi’s successor because “he can make harsh decisions even when others are reluctant to accept it”.

There are still hard days!Intel CEO: “Lack of core” crisis may continue for two more years

editor — Mon, 26 Apr 2021 12:29:07 +0000

There are still hard days to endure!Intel CEO: “Lack of core” crisis may continue for two more years

News from the Financial Association (Shanghai, edited by Xiaoxiang), Intel Corp. CEO Pat Gelsinger (Pat Gelsinger) said on Thursday that global chip supply shortages may continue for another two years. Prior to this, the US semiconductor giant’s latest earnings performance was unsatisfactory.

Kissinger said, The tight supply that has affected certain areas of the global economy for several months will continue until more production capacity comes online to meet the chip demand for all kinds of commodities, from automobiles to electronic products.

“It will take a while before more production capacity is invested, just like building a new factory,” he said in an interview.

The new CEO of Intel, who took office only in February of this year, proposed an ambitious strategy this month: In addition to manufacturing semiconductors to meet its own needs, Intel will also become a major chip foundry. The plan includes spending commitments to spend $20 billion to build two new semiconductor factories in Arizona.

Kissinger said, “This year is a crucial year for Intel.”

Earlier this month, the White House met with executives from the chip and other industries to negotiate what actions should be taken to solve the core shortage problem and strengthen the US chip manufacturing industry. US President Biden had previously promised to solve the problem of chip shortages. In his huge infrastructure spending plan, 50 billion US dollars will be used in the semiconductor industry.

Intel may benefit from bipartisan support for American chip companies, for example, it is bidding for a Pentagon contract.

Of course, Intel’s desire to become a chip foundry is obviously not completely barrier-free. The company has tried to enter this market before, but it did not go smoothly. Intel’s main competitors in the chip industry, TSMC and Samsung, are preparing to expand their business through tens of billions of dollars in spending plans. TSMC last week increased its capital expenditure plan for this year to US$30 billion, while Samsung plans to invest US$116 billion by 2030 to diversify its chip production.

Intel’s traditional position is also currently facing challenges. Nvidia surpassed Intel last year to become the most valuable chip company in the United States. Nvidia also said this month that it will start selling CPUs for data centers. For a long time, this market has been dominated by Intel.

Intel’s financial report data released on Thursday showed that revenue in the first quarter fell 1% to US$19.7 billion, and net profit fell 41% to US$3.4 billion, dragged down by a legal settlement fee. Excluding the memory business and other items to be sold, revenue for the quarter was US$18.6 billion and net profit was US$5.7 billion. Intel shares fell 2.11% in after-hours trading.

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Zhang Yiming: CEO always wants to hire some cheap people, this is the most expensive

editor — Sun, 25 Apr 2021 00:20:20 +0000

On August 20, 2012, the two major oligarchs in China’s video industry, Youku and Tudou, shook hands at the Putian Building in Zhongguancun and announced the formal merger. And just after Youku Tudou completed the integration period of about half a year, Tudou.com founder Wang Wei announced his resignation. Since then, almost all Tudou executives have resigned, with the once deeply rooted slogan-“Everyone is the director of life.” “, gradually fade out of people’s field of vision.

This is a typical Chinese-style disintegration-when a startup company is acquired by a large company, the founders of the team often choose to sit temporarily to stabilize the military. As for when to leave, it seems only a matter of time.

It is not uncommon for the founders to run away in the history of high-light mergers and acquisitions in the Chinese Internet circle. Compared with the limited space of a large platform, for the founders of the entrepreneurial team, the value and significance of continuing to stay is of little value. It is better to put it down and start all over again with a free and easy attitude.

However, in the new giant Bytedance, we seem to see a different style of painting-Zhang Nan, Yang Luyu, Zhu Jun and other outstanding founders of the acquired team are still on the front line of Bytedance today. Become a new hero of the byte empire to open up its borders and expand its territory.

How does ByteDance achieve a low churn rate of core talents in the Internet? Today, we want to turn our perspective to the inside, and talk about the super-high person imitation principle of byte beating, and how they get along with awesome talents.

I have heard many people complain to me that it’s too difficult to keep good people. Really awesome people won’t work for you. These people would rather start your own business than stay in a big company. Restricted everywhere.

Indeed, we have indeed seen too many such cases, and such complaints will surely resonate with many people. But before making the final conclusion, we might as well take a look at the case of byte bounce.

Zhang Nan, the current CEO of ByteDance China, was a product entrepreneur of social graph bar in his early years. After being acquired by Byte, he entered the headline and was responsible for the earliest product “intension”. In 2018, due to his outstanding contributions to Douyin, Zhang Nan was quickly promoted to President of Douyin. In 2019, he developed products such as Qingyan and Clipping. In 2020, he became the CEO of Bytedance China.

Yang Luyu and Zhu Jun, the founders and co-founders of Musical.ly, joined the company after being acquired by Bytedance in 2017. Currently Yang Luyu is in charge of an educational hardware product, and Zhu Jun Alex is the deputy of the Bytedance product strategy. President.

If ByteDance has an attractive magic, then what is this magic? With such questions, I started a case study for more than a year.

1. The company is also a product

In 2015, Zhang Yiming once had such a short Weibo: Develop a company as a product.

Zhang Yiming believes that when entrepreneurs start a business, they are actually working on two products at the same time.

One is the product provided to users, and the other is the product provided to employees, which is the company itself.

The CEO of the company is the product manager of these two products. He is responsible for linking the two ends, one is the business, and the other is the employee.

Some people may have questions. The company pays its employees wages and bonuses. How can employees be the company’s customers?

In fact, under the principles of economics, “employees contribute production factors to the company, and the company pays wages and bonuses to employees”. This matter is essentially the same as “the company provides products and services to customers, and customers pay for goods and services to the company.” They are almost the same, and they are all equivalent exchanges under the maximization of the interests of both parties.

“Benefit maximization” is a key indicator for all our decisions. Here we introduce a concept in economics-ROI (Return on Investment) to help us understand.

ROI, generally translated as “return on investment”, refers to the total economic return we can obtain from an investment.

Zhang Yiming once said: Many companies regard people as their company’s wastage cost, especially some CEOs are very economical and always want to hire some cheap people.

But this concept is clearly wrong in economics.

Although this person is very cheap, but can bring you very little return, or is lower than the salary you pay him, then the ROI that this person brings to you is negative. Although this person is very expensive, it will bring you greater rewards. Maybe this person is really cheap.

The same is true for employees, why is he willing to join your company, because joining your company has the greatest return on personal investment.

For the CEO, how to design the “company” product is to allow the company and employees to have the highest ROI at the same time, so that each other is satisfied with the return on investment.

So what factors determine the ROI of the company and its employees? I have listed the following formula.

Its size is mainly determined by four elements, which are the functional input (the time and money invested) at the denominator of the formula plus the psychological input (inner fatigue, mental anxiety); the functional return at the molecular end (long-term and short-term income) Plus psychological rewards (happiness, sense of accomplishment, growth).

If we want to maximize ROI, we actually have to do only two things, lower the denominator and increase the numerator.

How to maximize the ROI of employees?

Zhang Yiming disassembled byte’s talent mechanism into three points:

First, return, including long-term and short-term economic returns;
Second, growth, how much growth can be obtained on this platform;
Third, the mood, whether you can work happily with the team and leaders, whether the cost of commuting affects your mood, and so on.

For example, how to reduce the functional investment at the denominator end. For example, HR suggested to provide employees with shuttle buses. Zhang Yiming said no, and directly gave employees a monthly rent subsidy of 1,500, allowing employees to rent houses near the company, saving transportation costs.

For another example, we know that many companies nowadays are all in the world, which reduces the efficiency of the company’s operations. We found that the general situation is that the person in the meeting took a long, long time to prepare the PPT. During the meeting, he was given 20 minutes to explain the content of the PPT to everyone. This time utilization is very, very low.

There is a department in ByteDance that specializes in improving the efficiency of conferences-Feiyuehui.

The first step in the meeting is not for everyone to talk about the PPT, but to send the materials you prepared to everyone in advance. After everyone has read it, directly insert their questions and suggestions through the Feishu (byte internal communication software). After 10 minutes, everyone began to discuss the inserted questions and suggestions, which effectively improved the efficiency of the meeting.

Another improvement is “space-time asynchronous”. In a meeting, not everyone will speak. Many people will come over with their computers and listen to them while dealing with their own affairs. Therefore, the Flying Reading Conference has also established a mechanism. If a person is only related to a certain topic in the meeting, then he does not need to come to the meeting. When the discussion reaches this link, he can be connected.

Second, reduce the psychological input on the denominator end.

One of the corporate culture of ByteDance is to create a “frank and clear” corporate culture, which can be understood as “dare to express real ideas face to face, oppose upward management, and be honest and direct.”

The “lack of honesty” here refers not only to malicious fraud, but also the inability to express ideas truthfully. In other words, although you did not lie, you did not express your opinions frankly. This is also a manifestation of inefficient communication.

For this, I am deeply impressed. A year ago, I went to ByteDance to talk about a consulting and cooperation project, and the teacher in charge of the reception gave me two points for attention.

First, when communicating with colleagues in our company, just call them by their first names, and don’t call them anything or something.

Secondly, our meeting room is only booked until 10 o’clock. One minute more will not work. You must go out at 10 o’clock.

Sure enough, when it was 9:59, someone knocked on the door outside, please end the meeting as soon as possible. The colleagues who were waiting outside also came in directly to start the meeting, and there was no extra polite thank you.

To work in such a work culture, our mood is very simple and pure, without any psychological pressure.

Sometimes, the key thing for employees is not only whether your salary is high or not, but also whether you have a fair evaluation of the work contribution of everyone in the company, and be fair and reasonable in all aspects of the process.

Third, increase the material return of molecular employees.

In terms of salary fairness, Zhang Yiming also raised many questions.

He said that by comparing salaries and performance, we found that salaries often exhibit various forms of premiums.

Such as premium for newcomers. This person jumps over, so how can we get a certain increase from his original salary? However, the high salary is likely to produce an unfair contrast to the fast-growing people in the original team.

How to deal with it? Zhang Yiming believes that the company should set a monthly salary according to the job level. The job level represents a stable monthly salary. If you make outstanding contributions, the company can use bonuses to reflect it. Secondly, let HR rather than the business director set the salary, and HR also does not refer to the person’s historical salary when determining the salary. HR will give a final offer based on the job level and comprehensive supply and demand in the talent market.

There is also an option issue.

When a startup company recruits people, because it is not attractive enough, it often gives some options. But the problem is that the larger the company is, the smaller the option pool is. At this time, we find that it is difficult for the diluted options to attract top talent.

Zhang Yiming also discovered this problem during the interview, because good candidates often tell him that today’s headlines are very good, but the best time to join you has passed.

The person who received option awards in the early stage, even if his contribution is relatively small later, but because his options are particularly large, he will get a lot of rewards. In other words, the identity of the employee who gets the reward is no longer an employee, but The identity of the investor.

how to solve this problem? The method given by Zhang Yiming is very simple. For early people, pay more bonuses and replace options with higher salaries.

Zhang Yiming said that an option is essentially a financial tool, and employees want financial returns. So we only need to give outstanding employees an excess financial return. He and HR said that as long as this person makes outstanding contributions, the employee can get a year-end bonus of up to 100 months of monthly salary at the end of the year.

So we can see why ByteDance can retain the core personnel of those excellent entrepreneurial teams. The reason behind it is that they have truly achieved Pay for Performance and treat your contributions fairly.

Every CEO and HR understand the two words fair, but it is very difficult to achieve it.

Fourth, improve the psychological returns of molecular employees.

Can employees grow when they come to this company? Are you happy at work? Can you give him a sense of accomplishment?

When I visited Netflix 4 years ago, I was deeply impressed by the concepts they advocated. Netflix said that the best benefits for a company to give employees are not cool team building activities or good coffee in the pantry, but recruiting even better employees than him, so that employees can interact with the best in the industry. Work together, this is the best employee benefits.

In a sense, Bytedance also practices this culture.

3. How to maximize the company’s ROI?

How to reduce the company’s total investment? Zhang Yiming also gave three criteria for their recruitment.

Super learning ability;
Unobscured;
Mature in mind.

For Zhang Yiming, he wants to recruit the top people in the market. These people must use the highest salary level in the market to get them, including salary, bonuses and options to employees. The cost is relatively high. .

But at the same time, we found that after recruiting such people:

The cost of company management has been reduced. Excellent employees are quick to speak and learn quickly. The training time and money the company spends on each employee has been reduced;
The psychological investment that leaders spend on employees has also decreased. Everyone has a clear goal and performs their duties without losing the chain, and there is no need to worry that employees can’t stand the pressure, and our psychological investment will be greatly reduced.

Looking back, Zhang Yiming’s super learning ability, broad vision, and mature mind are actually using these three key characteristics to accurately hit the cost reduction of all elements except money to effectively maintain the company’s total investment.

At the same time, we also found that companies’ perceptions of outstanding talents are almost the same.

In 2016, I visited the headquarters of Didi Chuxing. At that time, I saw a value poster called the “Xiaoju Eyesight Chart” in their office, which wrote a few:

Achieve others, recruit people who can become your boss after 5 years, with a broad vision and a big pattern;
Putting down the glass heart and replacing it with a steel one is to recruit mature adults;
Always accept challenges and regard growth as the most important thing.

Translated, these three indicators are almost identical to the three key indicators mentioned by Zhang Yiming. It can be seen that, from the perspective of economic principles, the logic of the outstanding talents pursued by the company is actually the same.

Secondly, increase the employee’s return to the company on the molecular side.

Zhang Yiming’s approach is to open up the boundaries of business without setting limits, allowing the entire company to grow rapidly. Because only in this way, these top talents can continuously create top returns.

Regarding talent recruitment, Zhang Yiming has a famous imitation of Munger.

Never lose talent;
Never forget the first one.

In Zhang Yiming’s view, this talent must come to me, and after he comes to me, he must also avoid being poached by competitors.

In fact, this is another abnormal thinking.

When we usually fancy a talent, if he is not the person I need in my business section, or he is unwilling to come over as a backup force, in the end I can only reluctantly give up and choose to let go.

But Zhang Yiming believes that what this person did before is not important, what is important is what you can bring to my company in the future? If my company does not have this business for the time being, as long as you are good enough and I prepare this business for you, why not?

As long as you can help me bring a higher ROI, we can do it. This is why we see why ByteDance now has so many APP products.

Fourth, through economic principles, create the optimal allocation of internal production factors

Finally, we can see that, in fact, the way Zhang Yiming gets along with awesome talents is to be able to use economic principles to create an optimal allocation of internal production factors.

Zhang Yiming has configured top company treatments, fair and transparent working mechanism, top talents in the industry, perfect administrative support, huge product flow, and high degree of freedom for excellent talents. All aspects make top talents unable to refuse and stay here. For themselves, ROI is already the greatest, so what reason do they have to go out and start their own business?

If a talent comes to you, the salary is average, the heart is very tired, and the space for exertion is small, this person should not work here.

You have no reason to keep this person, you are wasting social resources. Because the invisible hand of the market is here, the factors of production will flow to the optimal level, and they will flow to a more suitable position.

As Didi Chengwei said, the cognitive boundary of the founder is the true boundary of an enterprise. If others leave you, you may be the boundary.

5. Self-inspection checklist for startups

Finally, after talking about so many principles, how can we copy these methods into my company? I think there are two points that require special attention.

First, the byte method cannot be copied entirely.

Business growth and talent density must match each other. If the company’s business growth is slow now, we really cannot give employees the highest level of salary in the market in one step.

Therefore, we can’t copy all the byte practices. Rather than getting it in place in one step, it is better to move forward gradually.

Second, employees need to be viewed hierarchically.

For example, many senior executives are no longer so sensitive to money, but we are still giving them money in the wrong direction, or that many young people are at a time when their economic strength is very poor, and our company is constantly instilling a sense of mission and Corporate vision, in fact, the ROI we can obtain in the end is very low.

Finally, I have compiled two self-examination lists for you, and I hope it will be helpful to you.

Perspective 1: Self-check list for maximizing ROI of employees

What is the percentage of the employee’s effective and efficient working time in his total work-related time? Can it be improved?
Is there room for employees to reduce their own money investment in work? How to lower it? Such as canteens, gymnasiums, rental subsidies and so on.
Is there room for reduction in the internal distortion and internal friction of employees at work? How to reduce it? As a leader, do you respond to the needs raised by employees soon, or do you respond after a long time? Do you often have random meetings and assign tasks, disrupt the pace of other people’s work, and finally make employees have to work overtime to complete their work?
Does the company’s remuneration policy and option policy have any problems with acquaintance premium, newcomer premium, and seniority premium? How to pay fair based on performance and market level?
How to make employees grow rapidly at work? Do company leaders have coaching leadership?
How to let employees find a sense of accomplishment and work meaning in their work?

Angle 2: The company’s ROI maximization self-check list
Does the company have a clear talent strategy? Are our talent recruitment standards clear?
Is there room for improvement in the effectiveness of the time spent on employees by leaders at all levels of the company? How to improve?

Are leaders at all levels of the company exhausted and exhausted because their employees are immature and cannot improve their performance? How to improve?

There are actually two logics.

The first one is the ByteDance style, which recruits the best people with the highest wages.

The second is Foxconn’s style of play. My average labor is very cheap, but I have established various standardized SOP processes, as long as people come to do it, and this method can also be successful. There is no standard answer to this question.
Are the leaders at all levels of the company exhausted and exhausted because their employees are immature and cannot improve their performance? How to improve?
Does the company have any problems with internal organization and inter-departmental cooperation? How to improve?
What is the company’s strategic growth rate? Can it match or even exceed the rate of talent growth? How to find more room for growth?
Do leaders at all levels of the company effectively coach employees and help them create the greatest contribution to the company?

I hope that the above questions can help you improve your human efficiency and find some ways to improve gradually.

Author丨Chaos University

Source丨Official Account: Chaos University (ID: hundun-university)

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The IEA warns that CO2 emissions will increase by 5% because of economic recovery

TRÀ LAM (Theo Reuters) — Sat, 24 Apr 2021 21:02:08 +0000

On April 20, the International Energy Agency said that global CO2 emissions from electricity use will increase by nearly 5% this year. This suggests that an economic recovery from Covid-19 could bring many benefits, except for climate sustainability.

An image of polluted air was taken on February 13, following the outbreak of the Covid-19 pandemic, in Beijing, China. Photo: Reuters. On April 20, the International Energy Agency said that global CO2 emissions from electricity use will increase by nearly 5% this year. This suggests that an economic recovery from Covid-19 could bring many benefits, except for climate sustainability. The IEA’s 2021 Global Energy Assessment predicts that carbon dioxide emissions will rise to 33 billion tons this year, 1.5 billion tons higher than in 2020, the highest increase in more than a decade. IEA Executive Director Fatih Birol said this year’s increase in emissions this year could be increased by the recovery of coal use in the power sector, which is forecast to be particularly strong in Asia. It will also put pressure on governments to take action on climate change. US President Joe Biden will hold an online summit involving dozens of world leaders this week to discuss climate change ahead of global negotiations in Scotland at the end. this year. Last year, as electricity usage fell due to the Covid-19 pandemic, energy-related CO2 emissions fell 5.8% to 31.5 billion tons, after reaching a peak in 2019 of 33, 4 billion tons. The IEA’s annual review analyzed the latest country data from around the world, economic growth trends and new energy projects. Global energy demand is expected to grow 4.6 percent by 2021, led by developing economies, pushing it above 2019 levels, the report says. Demand for fossil fuels is on the rise in 2021, with both coal and gas rising above 2019 levels. IEA said more than 80% of its forecast for coal demand growth by 2021 will come from Asia, led by China. Coal use in the US and the European Union is also on the rise but will remain below pre-crisis levels.

Turkish virtual currency floor owner fled, investors lost billions of dollars

Bình Minh — Fri, 23 Apr 2021 09:29:11 +0000

In the midst of the virtual currency fever, a virtual currency exchange in Turkey suddenly collapsed …

Faruk Fatih Ozer, founder of cryptocurrency exchange Thodex. One of the largest cryptocurrency exchanges in Turkey declared that they no longer had enough financial capacity to continue operating, causing hundreds of thousands of investors to fear that they would have lost all their money poured into this exchange. Meanwhile, Turkish authorities are trying to locate the 27-year-old founder of the cryptocurrency exchange, who has fled overseas, Bloomberg reported. It is not clear how many customers of the cryptocurrency exchange called Thodex lost money in this case, and how much the total damage. In a statement sent from a secret location, Thodex founder and CEO, Faruk Fatih Ozer, promised to return the money to the investor and return to Turkey to face the public. refund after refund. However, the Turkish government has launched a blockade on Thodex’s accounts, and its headquarters in Istabul has been ransacked by police. According to Turkish media, the damage in this virtual currency exchange crash could reach $ 2 billion. A lawyer representing the victims said that the investment capital of about 390,000 investors had fallen into a “irreversible” state. However, through a statement posted on the company’s website, Ozer denied both numbers, saying that only about 30,000 investors were affected. Some Turkish officials see the incident as another reason to increase control of the cryptocurrency market. Over the past years, the rapid rise of virtual currency prices globally has been paralleled with many frauds and frauds related to exchanges. Mr. Cemil Ertem, a senior economic adviser to President Tayyip Erdogan, said that the Turkish government needs to act as soon as possible. “Patterns of pyramid fraud are emerging. Turkey needs to implement surveillance regulations that are both suitable to the domestic economic situation and in accordance with global developments”. Thodex is part of the virtual currency fever that attracts a large number of Turkish investors who want to find a “shelter” for their savings in the context of dizzying inflation and a lack of local currency rates. stability. In March, inflation in Turkey was 16.2%, 3 times higher than the 5% inflation target set by the Central Bank of this country. This year, the Lira rate has dropped 10% against the dollar, marking the 9th consecutive year of decline. On Wednesday, Mr. Erdogan revealed that the Turkish government has “burned” $ 165 billion of foreign exchange reserves in the past two years to protect the local currency rate, but has not brought the desired results. Concerns about inflation and exchange rate motivate the Turkish people to look for alternative investment channels, including virtual currency. On Friday last week, the value of virtual currency transactions in Turkey reached more than 1.2 billion USD, up 3 times compared to a week earlier, according to data from coingecko.com. Meanwhile, the average daily trading value of the Turkish stock market is only about $ 3.1 billion.