Thursday, September 30, 2021

Top 10 Richest Families In The World

Bernard Arnault, Jeff Bezos, Elon Musk or Mark Zuckerberg are the richest people in the world. However, this ranking does not take into account the wealth accumulated by the world's richest families, whose tradition goes back more than a century, and who can even make more money than today's top entrepreneurs.

Wednesday, September 29, 2021

TikTok Moves Forward In E-commerce and Now Lets You Sell Products from its Platform

TikTok is growing meteorically. The short-form video platform has announced that it now has 1 billion monthly active users worldwide. The Chinese platform, which has caused Youtube and Instagram to imitate it by launching similar functions (Youtube Shots and Instagram Reels), wants to take advantage of this success and yesterday announced new solutions linked to marketing and e-commerce to attract more brands that want to take advantage of the audience that comes to TikTok to be entertained, inspired or discover something new.

Monday, September 27, 2021

What Is Dropshipping And What Are Its Advantages?

If something is clear is that today we only need a computer in front of us to buy practically anything and in an endless number of stores of all possible types. Many of these stores use the dropshipping technique, which is a form of triangulation of orders and shipments, something that is very fashionable lately. Let's see what it is and what advantages this way of selling has.

Sunday, September 26, 2021

Businesses In Sectors That Will Always Do Well...

Regardless of whether the general economic situation is good or bad, these businesses will always do well. Why not start them?

Saturday, September 25, 2021

Five Habits of Successful People to be More Productive in Their Day-to-Day Lives

Entrepreneurs and other employees alike try to make the most of their working day and get all their tasks done efficiently. Although there are hundreds of techniques and systems, not all of them are effective for everyone.

Friday, September 24, 2021

Bad News For Those Who Want To Make Millions in the NFT Market... It's Not That Easy

As co-founder of a website that tracks the growing spectrum of digital collectibles, Gauthier Zuppinger has seen it all. Drawings of toads, apes, abstract blobs, octopuses with human heads, fire-breathing demons and more. Since NFTs or non-fungible tokens (unique digital files whose exclusivity is guaranteed by blockchain technology) have taken over from meme stocks and second-tier cryptocurrencies as the target of daring speculators, collections on the market have skyrocketed.

Wednesday, September 22, 2021

Most Common Mistakes in Job Interviews, According to an Amazon Top Recruiter

An Amazon recruiter has detailed the most common mistakes candidates make in the selection process that can cause them to miss out on a job opportunity.

Tuesday, September 21, 2021

Ben Francis, the Man Who Created Gymshark, a $130 million Sports Brand at the Age of 19

It's hard to understand how Ben Francis, then a 19-year-old boy, had the time or energy to found his own sports brand, Gymshark.

Monday, September 20, 2021

Discord: The Meteoric Rise of a Messaging App Created by "Accident"

Becoming the communication application par excellence of the gamer world is not something simple, but Discord has given us a master class on how to make it possible from scratch. And we are talking about an application that in May 2019 reported 250 million registered users, of which 56 million use it every month to send 25 billion messages (850 million per day), and a capacity to support peaks of up to 9 million users at the same time.

Sunday, September 19, 2021

Wizz Air CEO: The Kid who Became An Entrepreneur To Have A Ball

The now classic low-cost flight duo of Ryanair and EasyJet has been joined by a third player from Hungary. It is Wizz Air, founded 15 years ago, which has even been able to launch a takeover bid, rejected, for EasyJet. Its architect is József Váradi (Debrecen, Hungary, 1965), CEO since 2003.

Friday, September 17, 2021

Mailchimp's Miracle: How to Sell a Startup for $12 Billion Without A Penny from Investors

It is very likely that, if you do not work in the world of communication or advertising, Mailchimp will not ring a bell. It is an extremely popular platform in these trades. It began as a service for creating email marketing campaigns that allowed you to design them easily and track their effectiveness, and over time it has grown with dozens of additional functions and services. According to the company's figures, its success means that its 13 million active users send 1,000 million e-mails a day through its platform, which gains an average of 14,000 customers a day.

Thursday, September 16, 2021

Evergrande Stock Free Falling: Plunges 82% and its Subsidiary Suspends Its Bonds From Trading

The fall into the abyss of the Chinese real estate giant Evergrande is not giving investors a single day of respite. The company, which has dropped another 7.47% on the Hong Kong Stock Exchange this Thursday, has already plunged more than 82% so far this year. The situation is such that one of its main subsidiaries, Hengda Real Estate Group, has been forced to request this Thursday the suspension of trading of its corporate bonds listed on the Chinese domestic market after a new downgrade.

Wednesday, September 15, 2021

Internet, Education, And Now Casinos... Chinese Pressure Sinks The Gambling Industry In The Stock Market

Technology, education sector and now... casinos. Regulatory pressure from the Chinese government has set its sights on a new sector and its movement has resulted in an unmitigated collapse of the companies that own these gambling establishments on the Hong Kong Stock Exchange, which is dragging the index into negative territory (it is down around 1.5% and is among the worst-hit markets in Asia this morning). 

Tuesday, September 14, 2021

Apple May Skip Epic Games' Court Slap In the Face

In the court battle against Fortnite creator Epic Games, Apple is getting off with minor blows. A judge ruled that it must ease its App Store restrictions. But habits are hard to break.

Monday, September 13, 2021

China Plans to Split Alipay and Create a Separate Lending Application

Beijing continues its siege of the country's technology sector. Xi Jinping's executive intends to split Alipay, the popular payment app owned by Ant Group, a subsidiary of e-commerce giant Alibaba. 

Sunday, September 12, 2021

The Cost of Investing In A Free Brokerage Firm...

The advertising of online brokers with zero commissions hooks has increased in the last year and even more so if what they offer the investor is to bet on cryptocurrencies. These assets, which generated mistrust when bitcoin emerged, have proliferated and offer investors high returns, although in exchange for high volatility. Behind both issues is, like practically everything that has happened in this year and a half, the pandemic.

"When sports betting was limited, there were many people who saw in the financial markets an opportunity to move money or maintain the regular activity they were doing through sports betting, but linked to the evolution of the stock market," explains Darío García, analyst at XTB. To this factor, Tali Salomon, eToro's regional director for Iberia and Latin America, adds the confluence of other circumstances, "such as zero or negative interest rates or the acceleration of the adoption of digital technologies". This is where we see the Reddit phenomenon and the role that social networks have played, leading hedge funds to lose billions of dollars to try to compensate for the operations of numerous retail investors who shot up the shares of companies that were practically bankrupt in the stock market in just one day.

However, these investments, which may seem very juicy and offer very high short-term profits, also have their risks, which lie in two fundamental issues: by facilitating these operations with technology, anyone with a minimum of capital - and even asking for loans, explain eToro - can invest, without having knowledge of the financial market and therefore risking heavy losses. On the other hand, not all platforms offer investors the security they should guarantee, nor is trading on them as commission-free as they promote.

When opting for one broker or another, it is necessary to observe the fees linked to the operations, which tend to vary if they are for shares in the Spanish market, European or U.S. stock exchanges; those relating to custody - maintenance of the shares - and those applied to the collection of dividends. The most aggressive platforms, such as eToro, Robinhood or Ninety Nine, among others, exempt the client from all these expenses. The first two also offer the possibility of buying fractional shares, which allows you to invest without making a large outlay, another attraction for these retail investors.

Meanwhile, brokers have disassociated themselves from the banking business: "As they have a much more complex and therefore more expensive cost structure, they are less profitable when it comes to operating because they have associated costs which, in order to begin to obtain personal profitability, you first have to cover costs - commissions - which the banks cannot afford not to charge," explains García.

Thus, the banks' fees are mainly aimed at large investors, with fixed prices for capital of up to 15,000 or 20,000 euros, and variable prices depending on the amount invested for higher amounts. Thus, an investor who decides to bet less than 2,000 euros using one of their platforms will face costs of between 3 and 10 euros - if the shares are listed on the Spanish market, otherwise it becomes more expensive - to which must be added the custody fee, which can amount to a minimum of 20 euros per year, and the dividend collection fees, of between one and two euros.

The question then arises as to where the income from free brokers comes from to make them profitable businesses. And the answer is that their use is not 100% free. The CEO of Ninety Nine, Javier Sanz, explained in an interview with CincoDías that their income comes from the cost of currency exchange. eToro, for its part, although it exempts clients from essential commissions, does not exempt them from others such as currency exchange, as well as charging the client for withdrawing funds. In addition, for special assets, such as CFDs, it includes a charge for spreads, i.e. the difference between the bid and ask price of an asset, as well as commissions for positions that remain open overnight.

Totally different is Robinhood's business model, the nature of which makes it unfeasible in Europe due to Mifid 2 regulations. And the fact is that this platform acts as an intermediary: it sends user orders to market makers in exchange for payments, a practice known as payment for order flow, and in the case of cryptocurrency trading, transaction rebates. This causes Robinhood to charge a commission and the final share price paid by the investor is not the market price, but higher by including this extra fee.

Friday, September 10, 2021

888 Holdings Buys William Hill's European Business For $2.6 Billion

888 Holding, the Gibraltar-based gaming group, closed on Thursday the purchase of the international business of William Hill, one of the oldest betting operators in the United Kingdom, in a deal in which it will pay 2.6 billion euros to Caesars Entertainment.

Thursday, September 9, 2021

Jeff Bezos May Be Investing in Altos Labs, a Rejuvenation and Biological Reprogramming Start-Up

After traveling into space aboard the New Shephard suborbital rocket with his company Blue Origin, it seems that Jeff Bezos' new frontier is the conquest of youth. Along with other billionaires, the Amazon founder may be earmarking part of his fortune to finance a start-up company dedicated to discovering how to reverse the aging process called Altos Labs.

Wednesday, September 8, 2021

Cardano Cryptocurrency Could Become More Valuable Than Bitcoin

The little-known cryptocurrency ADA, from the Cardano platform, could become the most valuable in the digital world, even surpassing bitcoin or Ethereum, but why? ADA could become the largest digital currency in the cyberworld due to the fact that it has increased 1000 percent in value during 2021.

Tuesday, September 7, 2021

According to Elon Musk, Starlink Will Be 40% Faster Than Fiber Optics

The billionaire owner of Starlink and also of Tesla and SpaceX, we are talking about Elon Musk, has come out to reveal details of one of his favorite projects. It is precisely Starlink, which consists of a constellation of satellites that will provide broadband Internet.

Monday, September 6, 2021

The 'Zuckerberg Illusion' Theory: Your Business Ideas Are Worthless

The "Zuckerberg illusion" theory is one of the greatest dangers for people who are about to become entrepreneurs. Often, we tend to think that our business ideas are much better than they really are, and that it will take just a few months of work to turn our company into the next Facebook. Of course, in the vast majority of cases, this is nothing more than self-deception.

Sunday, September 5, 2021

What Digital Business Can You Set Up In Traditional Sectors?

The trend towards online shopping in retail and fashion was already growing and unstoppable. Traditional sectors in which you can set up a digital business...

Friday, September 3, 2021

Amazon Plans to Launch a TV Under Its Own Brand, According to Sources.

Within the wide range of services and products that Amazon has in its commercial portfolio, a new category will soon be integrated. A report recently published by Business Insider indicated that Amazon is working on a TV under its own brand, which is expected to be launched in October.

Wednesday, September 1, 2021

12-Year-Old Boy Earns Thousands of Euros In A Matter Of Hours Selling Digital Images Of Whales...

You've probably heard before about NFTs, digital assets representing files, images, videos and virtually any digital item understood as an art form that are bought and sold online through a network of cryptocurrencies and act as a certificate dictating digital ownership. Details such as who owns them are stored in a kind of blockchain digital ledger.

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