Share to Twitter Share to Linkedin Alex Konanykhin is a brave soul. He started a cryptocurrency project at the start of a war in Ukraine, decades-high inflation in the U.S. and Europe, Fed monetary tightening, and the potential for food shortages driving up commodity prices. He seems to have anticipated the meltdown of the traditional coins as his February 23 press release touts Unicoin as the “solution to the high volatility of cryptocoins.” His idea stems from a notion popularized by Warren Buffet, a famous Bitcoin BTC bear, who said that cryptocurrency has no value because it isn’t backed by anything. Cryptocurrencies are not backed by the good faith and credit of a nation, let alone the start-up founders or their venture capitalist investors. It isn’t backed by hard assets either. It’s not like Dogecoin DOGE is backed by Shiba Inu SHIB dog breeders or anything – less dogs, higher Doge. It’s literally a joke coin worth tens of billions … [Read more...] about Brave Souls: ‘Unicorn’ Crypto Project Ties Value To Equity In Emerging Growth Companies
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After US$5 tril rout, emerging markets seek turnaround signal
- A + A (May 23): The wreckage of a US$5 trillion rout in emerging markets is starting to look like a buying opportunity to some intrepid investors. The pain points are all too obvious: Stocks have fallen below their average valuations of the past 17 years. Local-currency bond yields have soared through a range that’s held since the 2008 crisis. Spreads on dollar bonds are close to thresholds seen only during times of distress. After 15 months of capital outflows, emerging markets are at an advanced stage of pricing in the risks. For some money managers, that means it’s time to start buying again — not in a bullish outburst, but in gradual, cautious steps. Still, the risk of deeper losses remains, especially if China’s economy slows further or the Federal Reserve turns more hawkish. “We have reduced our bearishness on the emerging-market asset class,” said Paul Greer, a money manager at Fidelity International in London. “While fundamentals remain very … [Read more...] about After US$5 tril rout, emerging markets seek turnaround signal
How Female Creators Can Encourage More Women To Invest In NFTs
Share to Twitter Share to Linkedin Just over a year ago, back in March 2021, graphic designer Beeple (real name Mike Winklemann) sold his Everydays: The First 5000 Days NFT in a single lot sale at Christie’s for over $69 million . Just a month later, the pre-sale for the Bored Ape Yacht Club - a collection of 10,000 cartoon apes created by an algorithm - launched and sold out within 12 hours . At the time, a single Bored Ape would have set you back 0.08ETH (valued at roughly $120). As of April 2022, the cheapest one available to purchase had a list price of 129ETH - roughly $429,000 - meaning the value has increased by 332,458%. Whilst this is down to the fact that both the value of Ethereum and Bored Apes have increased, no one needs me to tell them that there’s money to be made in NFTs. That’s an understatement. What cannot be overstated, however, is how much of that money is being made by men. According to a report published by ArtTactic in … [Read more...] about How Female Creators Can Encourage More Women To Invest In NFTs
How ESG Went From PR Fad To Mission Critical
Share to Twitter Share to Linkedin With the planet at stake, business leaders need to drive ESG strategy across the enterprise ecosystem. ESG is everywhere these days—but even with its meteoric rise into the C-suite's psyche, there’s still a lot of ambiguity around what a successful ESG strategy looks like. To get some answers, we talked with Edua Dickerson, VP of ESG and finance strategy at ServiceNow. Dickerson is responsible for developing, activating, and overseeing the company’s ESG strategy. She also leads financial, talent, and reskilling initiatives. Her holistic insights into enterprise-wide environmental, social, and governance (ESG) efforts put her in a unique position to explain why right now is an inflection point for ESG programs around the world. Q: Everyone's talking about ESG. Why now? A: People are recognizing that the sustainability of the planet is at stake. If the world becomes unlivable, we all lose—even the best-run … [Read more...] about How ESG Went From PR Fad To Mission Critical
Time To Take Positions In Vail Resorts Stock?
Share to Twitter Share to Linkedin The shares of Vail Resorts (NYSE: MTN) have observed a sizable sell-off in recent months as rising inflation, countermeasures by the Fed, and the Russia-Ukraine war have lowered long-term investor sentiments. The company provides mountaineering-related services including ski school, mountain biking, hiking, and lodging in the U.S. and Canada. Per their investor presentation, the company is projecting 20% growth in lift pass revenues in FY 2022 – indicating high demand for Vail’s ski passes for the quarter ending April (Q3 FY2022). Trefis highlights the historical trends in Vail Resort’s revenues across different quarters over the last two years in an interactive dashboard analysis. How did Vail Resorts perform in 2021? In 2021, Vail Resorts reported $1.9 billion of total revenues – just 16% lower than pre-pandemic levels. The company’s top line observed strong growth before the pandemic, largely assisted by … [Read more...] about Time To Take Positions In Vail Resorts Stock?
Zilingo ex-CEO Ankiti Bose says receiving threats, calls sacking ‘witch-hunt’
Ankiti Bose said she and her family were receiving constant threats online. (Image: @ankitibose/Instagram) Ankiti Bose, the Indian-origin founder of Singapore based B2B startup Zilingo has been fired on grounds of “insubordination” after a 51-day suspension. Bose, 30, shared a note on Instagram vowing to act against the “witch-hunt”. "I was suspended on the basis that the company had instructed Kroll to investigate the complaint. I have neither seen the Kroll nor Deloitte reports and not been given sufficient time to produce any documents requested by them,” Bose wrote. "Any report that comes out post my termination would be vitiated as it seems to be instructed by conflicted parties and we will pursue our rights against this witch-hunt to the full extent of the law. I will be speaking on record shortly with more details about the conflicts of interest in the manner this process was run,” she added. Also read: Who is Ankiti Bose, the suspended Zilingo CEO who … [Read more...] about Zilingo ex-CEO Ankiti Bose says receiving threats, calls sacking ‘witch-hunt’
Healing Space | Bull or Bear, the markets swing and pull you along. How to ride the wave
Why do markets affect us personally, deeply? It’s not just money, it’s trust. We understand volatility as essentially a wave, an inevitable up and down movement. (Illustration by Suneesh K.) Note to readers: Healing Space is a weekly series that helps you dive into your mental health and take charge of your wellbeing through practical DIY self-care methods. Elon Musk recently predicted America is sliding into a recession , the markets have been volatile , margins are reducing, and life savings have received a setback. Crypto, that was supposed to be a safe harbour, has fallen through the floor , and nothing seems a sure bet anymore. If you have been taking a financial hit recently, it is likely the hit to your confidence and mental health has been far more detrimental. The collapse of structures we take for granted leave us shaken. While we expect some slides and swings, we expect them within a framework in which we are comfortable. We set a bottom line and a … [Read more...] about Healing Space | Bull or Bear, the markets swing and pull you along. How to ride the wave
Nasscom launches next phase of 10,000 Startups programme
The software services industry body National Association of Software and Services Companies (Nasscom) on September 18 introduced the second phase of its 10,000 Startups initiative, Accelerate 10X. The Accelerate 10X programme, that aims to catapult the nation's deep tech startup ecosystem onto the next level, will focus on emerging technologies that will catalyse business and economic growth in the future. The artificial intelligence (AI) startup sector saw an increase in funding of over 70 percent in 2017 with natural language processing being one of the major focus areas for investors. Estimates suggest 50 percent of firms in India are implementing AI in their products, Nasscom said. Artificial intelligence has the potential to add $957 billion, or 15 percent of current gross value added to India’s economy in 2035 and deep tech startups will drive this transformation and the broad structural transformation of the economy, it said. In the last five years since its … [Read more...] about Nasscom launches next phase of 10,000 Startups programme
Peloton Stock Is Cheap Given Its Solid Subscription Business
Share to Twitter Share to Linkedin Peloton’s stock has seen another sell-off, falling by around 40% over the last month, as surging inflation, rising interest rates, and the prospect of a recession continued to turn investors away from growth stocks and pandemic favorites. Moreover, Peloton’s Q3 FY’22 earnings were weaker than expected, with revenue declining to $964.3 million from $1.26 billion a year ago, as demand for at-home fitness equipment cooled considerably. This marked Peloton’s first year-over-year revenue decline since it went public. Peloton’s poor planning didn’t help either, as inventory has piled up, eating into the company’s cash just as sales fell. Net losses also widened to $2.27 per share, from about $0.03 a year earlier. Things are expected to remain tough over Q4 FY’22 as well, with the company projecting revenue of between $675 million and $700 million, well below consensus estimates, marking a decline of as much as 29% from the same quarter … [Read more...] about Peloton Stock Is Cheap Given Its Solid Subscription Business
A Palo Alto Networks Exec Emerges With Her Own Cybersecurity Startup, Just As The Wartime Stakes Are Rising
Share to Twitter Share to Linkedin The fact that the name of Liat Hayun’s company is “Eureka” says something both about her confidence and the problem the company is tackling. Eureka is the word the famous Greek scientist Archimedes is said to have uttered as he ran down the street in Syracuse (naked), having discovered the principle of buoyancy. The king had asked Archimedes for a way to test whether a crown provided him by a vendor was as full of gold as had been promised. Cybersecurity is weighty these days, too. Amid the war in Ukraine and growing concerns about Russian attacks on U.S. infrastructure, the constant evolution in the sector is more critical than ever – and the question of which governments and companies have access to the latest technology is critical, too. Shortly after Russia’s armies attacked Ukraine, three cybersecurity firms offered free protection to U.S. hospitals, for instance. Tel Aviv-based Eureka says it helps security … [Read more...] about A Palo Alto Networks Exec Emerges With Her Own Cybersecurity Startup, Just As The Wartime Stakes Are Rising