What jeff bezos could do with his money

Authorities arrested a man Wednesday whom federal prosecutors accuse of running a US$45mil (RM198mil) scam that netted him 39 Teslas and allegedly included false claims that a billionaire electric car company founder — likely Tesla CEO Elon Musk — was involved in the investment scheme. In a federal grand jury indictment unsealed Wednesday, Neil Suresh Chandran, 50, is alleged to have defrauded more than 10,000 victims since June 2018 by claiming that at least one of his five cryptocurrency and virtual-reality companies “was about to be purchased by a consortium of wealthy buyers and thereby yield his investors extremely high returns.” The indictment cites an alleged email from Chandran claiming an US$88,000 (RM388,080) investment would deliver a US$2 trillion (RM8.82 trillion) return. The alleged fraud seemingly involved claims about Musk, whom the indictment describes as “Billionaire 2” and “founder and CEO of an electric car company,” and also apparently about Amazon executive … [Read more...] about Man accused of buying 39 Teslas via US$45 million scam with apparent false ties to Elon Musk

Sahil Barua, Managing Director & CEO, Delhivery Delhivery, an e-commerce logistics and supply chain startup, floated its maiden public issue on May 11. It will be the first new-age technology company to get listed in 2022. The IPO marks a lucrative exit for many of its investors, makes some employees rich and serves as a barometer to measure India's startup and tech sector's success. The company’s initial public offering (IPO) is significant as it comes at a time when global financial markets have turned volatile due to high inflation, rising interest rates, and geo-political tensions. It also comes on the back of the hammering that new-age technology companies have received after getting listed last year. Delhivery’s IPO response could potentially determine the outcome for startups such as Oyo, Snapdeal and Pharmeasy, who have filed draft papers with Sebi but have delayed their listing plans due to uncertainty in the market. Delhivery, too, had delayed its listing plans … [Read more...] about MC Interview | Good companies find a way to go public at any time, whatever market says: Delhivery’s Sahil Barua

Absurdly Driven looks at the world of business with a skeptical eye and a firmly rooted tongue in cheek. Can pizza really make a significant difference in our lives? Other than to make us bigger, that is? Domino's believes it can. The company's marketing department has taken a look at America's infrastructure and said to itself: "Who can do something about this? Why, we're used to filling holes in our customers' entrails. It should clearly be us." And so it's launched something called Paving for Pizza . No, the idea isn't to get prisoners to pave roads and pay them in pizza. Thankfully. Instead, Domino's insists that imperfect infrastructure is affecting its business, and it has a solution: Potholes, cracks, and bumps in the road can cause irreversible damage to your pizza during the drive home from Domino's. We can't stand by and let your cheese slide to one side, your toppings get un-topped, or your boxes get flipped. So we're … [Read more...] about Want the Potholes on Your Street Fixed? Call Domino’s

Absurdly Driven looks at the world of business with a skeptical eye and a firmly rooted tongue in cheek. Several industries have already been devastated by the uncontrolled onrush of the coronavirus Covid-19 . The restaurant industry has been decimated. Many restaurants will never reopen. I've spoken to several long-time servers in restaurants who simply don't know what they'll do if something doesn't change in a matter of weeks. Some restaurants are focusing on takeout, in order to at least pay a couple of salaries and at least give customers some ready-made food. That seems to be the sole focus of many. But, despite the disaster, is there something more a small restaurant can do? Many restaurants email customers, display their new takeout menus, and describe how the system works. One such restaurant is Valenti and Co . It's a small Italian place in San Anselmo, California. I've been there quite a few times for carefully prepared, … [Read more...] about A Small Italian Restaurant Decided to Offer Takeout. Then It Did Something Truly, Unexpectedly Thoughtful

Just think for a moment. Where does progress in your business stem from? Among possible answers, in my experience, there has been one overwhelming insight that has propelled our team forward more dramatically, positively, and consistently than any other high-level strategy. I call it, thinking. A novel idea, I know. Defining (and measuring) thinking time So what is it? In my view, it is the opposite of doing. It is the moments spent engaged in mental exercises that are not as simple as checking off a task from a list. It is focused on strategy, operations, analysis, and growth. It improves morale, reduces burnout, and results in a dramatic improvement in long-term financial growth and business resilience. And there's a simple way to measure how effective your company is at doing it. Assume that you and your team's salaries should be directly correlated to thinking time, (i.e., the lower your salary, the less amount of time you should spend … [Read more...] about How Many Hours per Week Should You Spend Thinking?

Share to Twitter Share to Linkedin Topline Ohio’s six-week ban on abortion will remain in effect for now, the state Supreme Court ruled Friday, as abortion providers file a string of lawsuits aiming to block state-level bans that took effect following the U.S. Supreme Court overturning Roe v. Wade—and have been successful in other state courts. Key Facts The Ohio Supreme Court rejected a request by abortion providers to block the law as a lawsuit against it moved forward, after courts let the six-week ban take effect hours after Roe v. Wade was overturned June 24. Four states— Louisiana , Kentucky , Utah and Texas —have now had statewide abortion bans blocked in state court after abortion providers challenged them under state law, which have allowed abortions to resume in those states. Louisiana was the first state to have its abortion trigger laws blocked on Monday—at least until a hearing on July 8—after abortion providers … [Read more...] about Ohio Supreme Court Lets Abortion Ban Stand—Here’s Where State Lawsuits Stand Now

Share to Twitter Share to Linkedin Tesla’s deliveries of new battery-powered cars and crossovers cooled down in the second quarter from the year’s first three months as a prolonged slowdown of production in China due to strict Covid-related protocols lasted longer than CEO Elon Musk anticipated and as the company worked through startup headaches at new plants in Germany and Texas. The Austin-based carmaker said it delivered 254,695 vehicles to customers worldwide in the three months that ended on June 30, up 26% from a year ago but down 18% from a record 310,048 in the first quarter. The figure was also below an expected 258,000 deliveries, the average of analysts surveyed by Forbes . In its quarterly release, Tesla cited “ongoing supply chain challenges and factory shutdowns beyond our control.” “While the year started out with 1.5 million to 1.6 million units as the bogey for 2022 deliveries (with a stretch goal of 1.7 million), now the … [Read more...] about Tesla Delivery Pace Drops In Second Quarter On China Slowdown

One morning in June, Brenda Rivas’ two children scampered through the towering playground at Paco Sanchez Park in northwest Denver. It was only the second time the mother and her boys had visited the sprawling structure of slides, swings, and things to climb, and which looks like it was crafted for The Jetsons cartoon with its odd mix of retro and out-of-this-world design. But Rivas, 31, could see them coming more often, especially as she wants her children to experience the Denver she grew up in. That’s why she also takes the kids to Sloan’s Lake, which Rivas used to bike to with her father when she was growing up even though there’s another park closer to their home. It’s why she drives at least 30 minutes, sometimes 45 minutes, to take them to Colfax Elementary School. “I want them to have the same experience of coming to the neighborhood school,” Rivas said. The playground wasn’t there when she was younger. It didn’t open until 2020, years after soaring rent prices … [Read more...] about “Gentrification on steroids” squeezes out Latino students, raising fears of Denver school closures

Regardless of whether you believe that cryptocurrencies will play a role in the future of finance, the recent collapse in price for some crypto assets offers important lessons for investors. This is particularly true for younger investors who, according to media reports, may have borne the brunt of these losses. Diversify. You’ve likely heard this time and time again, but the foundation of any prudent investment portfolio is proper risk management. One aspect of risk management is diversification. Another element of risk management is proper sizing of positions – don’t put a material percentage of your investable assets in any one investment. While some crypto assets may have become worthless, if you had capped the size of the investment and were properly diversified, the collapse of one holding shouldn’t create a big challenge. For instance, if you had 1% of your assets in a crypto lending platform that evaporated, it would be disappointing but should not be life-altering. With … [Read more...] about Road to Retirement: Crypto crash offers lessons for investors