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The Red Planet is in the process of getting a little crowded. The United States, China and the United Arab Emirates (UAE) have launched three different Mars missions, all of which will reach their destination this month after flying within 11 days of each other in 2020.
Uncrewed missions promise to provide Earth-bound scientists with new observations to uncover the mysteries of the solar system and search Mars for evidence of extraterrestrial existence, as well as to enhance our mutual understanding of the cosmos.
But the Mars projects are also the latest milestone of the current geopolitical space race, analysts claim, as once again the world’s most strong nations battle with each other for supremacy beyond the surface of Earth.
“Competition in space is heating up,” Christopher Impey, a professor of astronomy and associate dean in the College of Science at the United-States based University of Arizona, told Al Jazeera. “Three missions arriving at Mars in one month is unprecedented.”
“Collectively, they will add a lot to our knowledge of the Red Planet,” Impey added.
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In short, investors in large firms sold stock, hoping it would sell less, and the firm would make a large gain, this term is referred to as ‘short-selling’. Instead, a group of Reddit users banned together to buy stock in GameStop causing the price of the stock to skyrocket, forcing the firm to buy stock at the higher price to cover what they owned before, causing them to lose big money.
”A combination of events that happened perfectly,” said Goodbread describing what it took for this to happen.
Firms on Wall Street have backed out, and some users on Reddit have hit it big, but now danger looms for some looking to buy into the craze late.
”It’s going to create a scuttle bug, a hubbub, or some sort of fury behind ‘hey, we can get rich quick’, and there are a few times it has, but the stock market isn’t used as a get rich quick tool,” Goodbread added.
While all of this is completely legal, there is some expectation that there could, somewhere down the line, come a rule, or procedure in place to keep this from happening again.
”I think we’re going to see some protections come out to keep people from hurting themselves,” said Goodbread.
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It’s 8 pm. After a tough time at work, all you want to do is sit down, relax, and open YouTube. You bring up that video you've been dying to watch all day. But what’s this? Before you can dive in, 20-year-old guru Tristan interrupts you with an infomercial. It looks like he’s doing well for himself. He’s got the Maserati, the private jet, and the Russian model girlfriend — surely not hired for the day.
“Why on earth are you still working that 9-to-5 when you could be sitting in your Pyjamas, selling crap on autopilot?”, he says. While you have been arguing with your manager on endless Zoom calls, he’s been generating leads, he’s been making millions selling knockoff watches on Amazon, he’s had his trading bots scalping millions from the Forex markets. Tristan has become a badass, passive income machine.
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We’ve all seen examples of unstoppable companies that suddenly hit the wall. Growth slows down, stock prices start to decline, shareholders get nervous, and the press starts to speculate that something is wrong. In some cases, like P&G and Starbucks, the board brings back a former CEO who can presumably return the firm to its previous glory. In other cases, like with Apple, GE, or Cisco, the board holds its breath and hopes that things will change.
But the reality behind many of these cases is that periodic slowdowns are inevitable, even if the company is fundamentally solid. That doesn’t mean that CEOs (old or new), and other managers, can’t do anything to slow the decline or reverse it more quickly. Taking action, however, requires an understanding of the three forces that always drag high-flying companies back to earth.
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In the world around us real-or are we living in a simulation, like characters trapped inside some space alien's video games?
Scott Aaronson, a computer scientist at the University of Texas at Austin, is more expressive about what such experiments could mean. “If there were bugs in the program running our universe, like in the Matrix movies, those could clearly have observable effects,” he says. “Just like God appearing in a thundercloud could be pretty good empirical evidence in favor of religion.”
Any such bugs in our Matrix world would have to be extremely subtle, or else we would have noticed them by now. Silas Beane, a nuclear physicist at the University of Washington in Seattle, proposes that we may be able to ferret out previously overlooked flaws by uncovering the mathematical structure used to build our simulated reality.
Do you need an AudioBook Narration, or do you want someone to Narrate your YouTube/podcast script, then please do check out: https://www.linktr.ee/unitynarrator
Do you need an AudioBook Narration, or do you want someone to Narrate your YouTube/podcast script, then please do check out: https://www.linktr.ee/unitynarrator
Obviously, the world’s largest auto market is a critical part of Tesla's global sales strategy, and the recent launch of Model Y on the Chinese market is a major milestone. However, the California carmaker may find the competitive landscape in the Middle Kingdom more challenging than in other markets.
Chinese car buyers love SUVs, especially models from global prestige brands such as Mercedes, BMW and Audi—these have all done very well in the Chinese market, and are casting a wary eye on Tesla now that it has an electric crossover on offer at a tempting price (the Long Range Dual Motor version of Model Y now starts at 339,900 yuan, the equivalent of about $52,000).
Tesla and its fossilized rivals both face a daunting challenge in the form of what Chinese media are calling a “new force”—domestic EV startups including NIO, XPeng and Li Auto, all of which have small electric SUVs for sale.
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The management of German startup incubator Rocket Internet SE are creating a special-purpose acquisition vehicle that will look for a technology deal outside of the U.S.
Rocket’s Chief Executive Officer and co-founder Oliver Samwer, board member Soheil Mirpour, and Donald Stalter, who managed North American investments for private equity firm GFC Global Founders Capital GmbH, will run the blank-check company, which will sell shares on the New York Stock Exchange, the group said in a regulatory filing on Tuesday.
Rocket Internet Growth Opportunities Corp. will look for targets in enterprise software, artificial intelligence, health and financial technology, e-commerce and other marketplaces.
Rocket is joining a boom in SPAC filings that investors are using to take advantage of soaring valuations, particularly for technology shares. These vehicles use funds raised from their initial public offerings to buy a private company, which then takes over the stock market listing.
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The plight of e-cig-maker Juul, once a high-flying startup valued at $38 billion, intensified on Friday after Altria cut the value of its Juul investment by more than half since last year, valuing the firm at roughly $4.5 billion–just one day after reports that Juul's CEO said the firm was worth twice as much.
Altria also noted that it cut the value of its stake by $2.6 billion as a result of Juul downsizing international expansion plans and tailwinds in the U.S. e-cig industry–all of which Altria said would lower Juul's projected revenues and delay its ability to meet forecasted profitability.
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