Abraham had other ideas. When he met with Glasgow, he thought Milo would partner with eBay, helping the company to power its offline inventory. At the time, Abraham and his team had been able to land major retailers for its inventory network, but they were still a small player. Abraham and the precocious Glasgow (he sold his first company to Microsoft while still in college) immediately discovered a kinship, and Abraham became tempted by all the things eBay could offer his startup. EBay had armies of designers and developers who could help Milo crack its technical challenges. EBay also had more than 30 million sellers and merchants in its marketplace, many of whom presumably had offline inventory that Milo could tap. He began to believe that becoming part of eBay was the fastest way to achieve most of his vision. “It just became apparent how much more could be done together versus separate,” says Abraham. … [Read more...] about How Jack Abraham Is Reinventing EBay [Update]
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9. “It’s not fake news, it’s on video” Words cannot express how gratifying it is for the gaslit masses to see Trump downplay the excessive force authorities have used against protesters as “fake news,” only for Swan to insist, to his face, that “It’s not fake news, it’s on video.” … [Read more...] about 11 jaw-dropping moments from Trump’s flabbergasting ‘Axios’ interview
For instance, if I keep it at Rs 100, it is going to be difficult for the firm to raise working capital and even operate. Promoters are going to lose interest. If I keep that loan at Rs 100, it will give me back Rs 50 when I sell off the plant and equipment. On the other hand, if I write it down to Rs 80 and the promoter has the ability to borrow and invest working capital, may be that Rs 80 loan will be worth Rs 80. So, restructuring can be beneficial even to lenders if it makes an asset, which is deteriorating in value, a better asset. That is really what banks have to think about. … [Read more...] about Q&A: Raghuram Rajan warns against extending loan moratorium, recalls Andhra Pradesh microfinance crisis
Pure air and healthy living By the time the wife of painter Abbott Thayer succumbed to the disease in 1891, germ theory was widely accepted and would have been familiar to the artist, who was the son of a physician and public health expert. Fearing his three young children would be next, he sought out a “healthy” environment – a place with plenty of fresh air and surrounded by nature, where the family could eat nutritious meals, roam freely outdoors and get plenty of rest. … [Read more...] about How creativity can help us navigate COVID-19: Lessons from the 19th century
"The sector was already reeling under pressure during pre-COVID and current demand is very low. In the near-term, the trend will be volatile due to uncertainty and over-optimism recently. In a medium to long-term basis, the commercial vehicle sector will turn out as a dark horse and auto as a good candidate of contra-bet," said Nair of Geojit Financial Services. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?