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The German government's proposal to monitor and record email usage in their country has Google threatening to stop Gmail service to the country, according to a SlashDot report today.
Gmail had to rename itself in Germany recently as Google Mail, similar to events in the UK.
Seems Europe is not the friend of the Mountain View behemoth. The German legal changes would not take effect until 2008, reports stated.
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Ace Hardware is rolling out a “Buy Online, Deliver from Store” program at participating locations across the country. The new delivery option is a key feature of the enhanced e-commerce site, AceHardware.com.
Ace locations participating will offer same day, next day and standard delivery options with purchases delivered by a local store. Ace Reward members can receive next day and standard delivery for free on in-stock orders totaling $50 or more. Each independently owned and operated store determines its own delivery radius and delivery pricing.
In addition to delivery, Acehardware.com has several other features to optimize customers’ online shopping experience including in-store pick-up and product assembly at participating retailers. Ace Rewards members can earn and redeem points online and receive instant online savings. Customers can also check product availability as well as services offered at participating local Ace stores.
“There has been a tremendous consumer shift toward free and fast delivery in the marketplace,” said Bill Kiss, head of digital, retail strategy and innovation for Ace Hardware Corp. “With 72% of U.S. households within 15 minutes of an Ace store, we are uniquely positioned to leverage that proximity to meet our customers’ home improvement needs. The introduction of delivery is another way Ace can bring our unique brand of helpfulness and convenience to customers.”

domain: news


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Along with the successes of cannabis companies such as GreenStar Biosciences Corp. (CSE: GSTR), there is a demand for more industry specific ETFs.
The legal marijuana market has triggered a real revolution, and companies have sprung up everywhere to capitalise on cannabis fever. The markets in Canada and parts of the US are open and cannabis companies can sell their goods. Investors and companies are looking to capitalize on renewed interest.
One such company is GreenStar Biosciences Corp. (CSE: GSTR) that trades in Canada and capitalizes on the success of their partner company Cowlitz County Cannabis Cultivation Inc. Cowlitz is a Washington State-based licensed producer of high quality cannabis products at affordable prices. They are generating revenue of $3 million per quarter which is continuously growing. At the end of 2018 Cowlitz recorded revenue of $14.6 million which is a tremendous increase from $600,000 in just five years of operations.
Despite the popularity of cannabis stocks, there is surprisingly little choice for investors who prefer blending – the kind of blending that exchange-traded funds offer. Most investor money went early to the ETFMG Alternative Harvest ETF (WKN:972339), which recently broke the USD 1 billion barrier. Given the enormous returns that cannabis stocks have generated so far in 2019, this should change soon – and fund managers want to remove a major obstacle that poses a challenge to new and “pure” cannabis ETFs.
Who is involved in the cannabis hype?
Several fund companies have already tried to launch ETFs that follow the cannabis industry. Last November, Innovation Shares applied to offer the Innovation Shares Cannabis ETF. It should focus on an index of Canadian and US companies involved in either legal marijuana or similar products such as hemp or cannabis derived oils. The minimum market capitalisation for cannabis stocks in the ETF would be USD 100 million and the weighting would be by market capitalisation but with a maximum allocation of 7%.
Then, at the end of January, AdvisorShares added with its own application. The ETF management company created the Pure Cannabis ETF AdvisorShares. The investment objective for the AdvisorShares fund would be similar to other pure cannabis ETFs, with at least 80% of assets invested in companies that generate at least half their turnover from marijuana or hemp or are registered with the U.S. Drug Enforcement Agency to develop marijuana, cannabis or related products for research and development purposes. The Fund would be actively involved in the selection of cannabis stocks.
Earlier this month, Amplify ETFs submitted its Amplify Seymour Alternative Plant Economy ETF. The fund seeks active management, with companies falling into one of three categories. The first includes cannabis and hemp plant specialists, including growers and growers as well as pharmaceutical and biotech companies. The ETF would also include companies in secondary sectors such as agriculture, real estate and commercial services. Finally, suppliers could also be included if they are active in areas such as the production of consumer goods and mechanisms, the provision of investment and financial services to the industry.
The problem for marijuana ETFs
Given the popularity of Alternative Harvest, all this could seem child’s play for new marijuana ETFs. But the big problem facing potential ETF providers is finding a financial institution that would be willing to act as a custodian bank for the cannabis investments. US federal banking laws create risks for financial institutions engaged in illegal drug trafficking, and since cannabis is still illegal at the US federal level, banks have preferred to keep their hands off it.
Recently, however, there have been developments that promise to reduce these risks. There has been a change in leadership in the US Department of Justice, and the new department head is willing to look at federal law regarding cannabis more loosely.
However, the issue remains controversial. Alternative Harvest once had a similar problem and initially had U.S. Bancorp (WKN:917523) as custodian, administrator and transfer partner. But last September the fund switched to Wedbush Securities and transferred other responsibilities to specialised institutions. It is likely that future marijuana ETFs will follow a similar path and try to use institutions that are not traditional banks but can still act as custodians under the rules of the U.S. Securities and Exchange Commission.
New Cannabis ETFs in Focus
Fund companies want to take advantage of every new investment trend, and that is also the driving force behind cannabis ETFs. Challenges remain, but these and other new funds in the cannabis industry are likely to go through the SEC approval process. Then it will be important to know the differences between the marijuana ETFs and decide which one offers the best long-term opportunity.


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Last year saw Tesla bagging all the profits and this has led many investors to park their money on the automotive firm. Well, things are not looking to good now as Tesla’s stocks have fallen sharply.
It was only last November when Tesla stocks were valued at $260 a share and January saw the value dipping to a new low of $185. For this month however, things have slightly recovered as the shares are valued at $220 each.
It seems that the value drop is caused by the plummeting oil prices and consumers are now shifting back to average cars instead of electrical cars. If the pattern is to continue, the Tesla stocks will continue to drop in the future to come.
This is very bad news for those that have purchased Tesla’s stocks in recent years. Even so, Wall Street analysts are tipping for the stocks to gradually recover when fuel prices starts rising again.


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Where Whatsapp received a lot of backlashes, its rivals were the true gainers. Telegram was one of Whatsapp’s rivals that gained a lot of popularity during that time. People started uninstalling Whatsapp and moving towards other apps like Telegram & Signal.
Since then, Telegram has been in the news more frequent. However, a recent statement by the company’s CEO has brought it back into the limelight.
Recently, Pavel Durov, the founder of the Telegram app has slammed Apple‘s relationship with China. Durov accused Apple of providing complete control to the Chinese Communist Party (CPC) over the data of its citizens who use iPhone handsets.
Further, Durov stated that Android phones are way superior to the iPhones as it is still stuck in the “middle ages”. He even criticized the people who use them as well and called them a “digital slave of apple” because the company allowed users to download apps only from its App Store.
Durov shared the link on Telegram about the New York Times article that uncovers Apple’s relationship with China and its involvement in “large-scale surveillance and censorship at the behest of China”.
The founder even commented on iPhone’s hardware and called it ‘Clunkier & Outdated’. He said that whenever he had to use an iPhone to test the Telegram app on iOS, “I feel like I’m thrown back into the Middle Ages.” The iPhone’s 60Hz displays can’t compete with the 120Hz displays of modern Android phones, he added.
Apple and Telegram have had their share of controversy over the years. And it seems that Pavel Durov’s recent comments are only going to deepen the tension between the two companies.


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(NEW YORK) — Late Late Show host James Corden’s popular “Carpool Karaoke” is a huge hit, attracting A-list musical talents to appear. Now it’s going global.
Apple has made a deal to distribute an unscripted series version of the segment to 100 countries via its Apple Music platform. The Late Late Show segment is “a perfect fit” for the platform, said Eddy Cue, Apple’s senior vice president of Internet software and services, Variety reports.
“Carpool Karaoke,” in which celebrities hitch a ride with the affable CBS host, has seen the likes of Adele, Elton John, Mariah Carey, and recently first lady Michelle Obama rocking along with the chat show host. More telling for Apple and it’s iTunes music retail out, it’s also spiked sales for songs featured on the segment.
Copyright © 2016, ABC Radio. All rights reserved.


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The Olympic Council of Asia (OCA) have signed an agreement with world-renowned French flooring company Gerflor.
Gerflor are one of the world's leading sport flooring suppliers and own three brands called Taraflex, Sport Court and Connor Sports.
Taraflex supply flooring to several international governing bodies including the International Table Tennis Federation, the International Handball Federation and the Asian Football Confederation.
Sport Court and Connor Sports both supply flooring to some of the world’s leading basketball competitions, sanctioned by the International Basketball Federation.
Gerflor claim to be the world's most used surface for international sporting events and are said to be recognised for their emphasis on innovation and development.
The deal between Gerflor and the OCA, which will run until 2020, will see the two organisations share their expertise.
Gerflor will support the OCA by providing sport floors to emerging nations and promoting sports participation, while the OCA will help Gerflor by enabling them to strengthen their brand in Asian markets.
The OCA's Asian Games department director Haider Farman expressed his delight at the agreement.
"Gerflor's innovative and state-of-the-art flooring provides the OCA's competitions with the best surfaces for the world's top athletes to compete on at the highest level," he said.
"The OCA is proud to become a partner with Gerflor, which will play a key role in the development of the Asian sport events and looks ahead to important milestones including the Asian Games in Indonesia in August 2018."
Gerflor's sport federations and events manager Lionel Arlin added: "Gerflor is proud to become the official OCA partner and to provide to all Asian players, from beginners to seasoned professionals, the highest standards in safety and performance.
"Our teams are fully committed to assisting the OCA in its endeavour to promote the values of sport in general.
"We look forward to a fruitful partnership with a shared vision, and innovative products solutions."


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SMMT reports first used car market growth since 2017
14 November 2019
Author: Sean Keywood
Used car sales in the UK rose year-on-year in the third quarter of 2019, following nine straight quarters of decline, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
It says there were 2,076,382 transactions between July and September, 18,925 more than during the same period in 2018, meaning a 0.9% increase.
According to the SMMT, demand for diesel cars rose by 1.4% - in contrast to continued steep falls in sales of new diesel cars - while used petrol car sales were down by 0.2%.
Sales of used plug-in electric and hybrid cars were up by 13%, though still only took a 1.8% share of the overall market.
For the whole year to date, the used car market is now down by 0.8%, with 51,785 fewer transactions than in 2018.
Referring to the latest figures, SMMT chief executive Mike Hawes said: "This growth, following a prolonged period of decline, is encouraging and it's great to see a growing appetite for plug-in and hybrid models as they start to filter down to the used market.
"However, ongoing economic uncertainty and growing confusion over local clean air zones make it difficult to predict the future.
"To make meaningful environmental gains, we need to get more of the latest, lowest emitting cars on to our roads replacing older ones quickly - and that means delivering the right conditions and policies to give new and used buyers confidence to invest in the vehicles that best suit their driving needs and budgets."


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Hormel Foods Corporation (HRL) is Bristol Gate Capital Partners Inc.’s 9th Largest Position
Bristol Gate Capital Partners Inc. raised its holdings in Hormel Foods Corporation (NYSE:HRL) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 982,887 shares of the company’s stock after acquiring an additional 122,188 shares during the quarter. Hormel Foods Corporation makes up about 4.8% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 9th largest holding. Bristol Gate Capital Partners Inc. owned about 0.19% of Hormel Foods Corporation worth $31,590,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HRL. Fairpointe Capital LLC acquired a new position in Hormel Foods Corporation in the 2nd quarter valued at approximately $113,723,000. Capital International Investors increased its position in Hormel Foods Corporation by 16.8% in the 2nd quarter. Capital International Investors now owns 8,284,975 shares of the company’s stock valued at $282,600,000 after acquiring an additional 1,191,000 shares during the period. Principal Financial Group Inc. increased its position in Hormel Foods Corporation by 264.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,505,505 shares of the company’s stock valued at $48,387,000 after acquiring an additional 1,092,714 shares during the period. American Century Companies Inc. increased its position in shares of Hormel Foods Corporation by 44.2% during the third quarter. American Century Companies Inc. now owns 3,051,908 shares of the company’s stock worth $98,088,000 after buying an additional 936,053 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Hormel Foods Corporation by 2.6% during the second quarter. Vanguard Group Inc. now owns 31,046,698 shares of the company’s stock worth $1,059,004,000 after buying an additional 777,942 shares during the period. Hedge funds and other institutional investors own 38.33% of the company’s stock.
Several research firms have recently weighed in on HRL. BMO Capital Markets reiterated a “buy” rating and set a $38.00 price objective on shares of Hormel Foods Corporation in a research report on Monday, November 6th. Mizuho reiterated a “hold” rating and set a $33.00 price objective on shares of Hormel Foods Corporation in a research report on Wednesday, October 4th. Barclays PLC decreased their price objective on shares of Hormel Foods Corporation from $38.00 to $35.00 and set an “overweight” rating for the company in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research report on Monday, September 11th. Finally, BidaskClub upgraded shares of Hormel Foods Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.44.
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Hormel Foods Corporation (HRL) traded up $0.12 during trading hours on Tuesday, reaching $32.45. 1,882,200 shares of the company’s stock were exchanged, compared to its average volume of 2,342,833. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.53 and a quick ratio of 1.37. The firm has a market capitalization of $17,064.69, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.12 and a beta of 0.58. Hormel Foods Corporation has a 1-year low of $29.75 and a 1-year high of $37.97.
Hormel Foods Corporation (NYSE:HRL) last posted its quarterly earnings results on Thursday, August 24th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.24 billion. Hormel Foods Corporation had a return on equity of 18.90% and a net margin of 9.38%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 earnings per share. research analysts forecast that Hormel Foods Corporation will post 1.57 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Friday, October 20th. Hormel Foods Corporation’s payout ratio is 41.98%.
In other Hormel Foods Corporation news, Director John L. Morrison sold 24,814 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $31.81, for a total value of $789,333.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven G. Binder sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $31.23, for a total transaction of $468,450.00. Following the completion of the sale, the insider now owns 26,838 shares of the company’s stock, valued at $838,150.74. The disclosure for this sale can be found here. Insiders sold 194,518 shares of company stock valued at $6,132,366 over the last 90 days. Corporate insiders own 3.54% of the company’s stock.
About Hormel Foods Corporation
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Sept 25 (Reuters) - Citigroup Inc has hired two investment bankers focused on giving advice to retail companies from Credit Suisse, people familiar with the matter said on Friday.
Managing director Brian Anton and director Hugh Paisley join former colleague Douglas Trauber who left Credit Suisse to join Citigroup as global co-head of retail in August, the people said, asking not to be named because the moves have not been announced.
Representatives from Citigroup and Credit Suisse declined to comment. Anton and Paisley could not be reached for comment.
Anton joined Credit Suisse in 2005, where he worked with food retail, deep discount stores and healthy living companies, according to his LinkedIn page.
Paisley joined Credit Suisse in 2009, according to his LinkedIn page.
Deal volume for announced deals in the consumer and retail sectors rose 13% in 2014, according to PwC. The biggest leveraged buyout of the year was the sale of pet retailer PetSmart Inc. to a BC Partners led consortium for $8.7 billion, including debt.
Reporting by Lauren Hirsch; Editing by Andrew Hay


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A local gas supplier recently reminded the public against a thriving market of fake and copycat liquefied petroleum gas tanks.
“While the government is doing its best to cut this activity with regulations against unlawful trade and illegal refilling of tanks, consumers need to stay vigilant against those dealers who deliberately confuse unsuspecting customers with similar-looking products,” Solane said.
LPG is a volatile, high performance fuel with a low limit for flammability, which means even small leaks from unnoticed holes in dilapidated cylinders could ignite the gas that can pose serious threats.
The brand, carried by the LPG solutions company, Isla LPG Corp., said distinguishing knock-off LPG products can be tricky but it said there are indicators to ensure the safety of consumers.It cited that one sign of illegal LPG tanks is the cylinder which is shabby, tarnished and old-looking.
“Used, scrapped tanks with broken seals are a sure sign that the store is dealing with illegal products. More than the unsightly appearance of the tanks, these kinds of cylinders pose a bigger concern in exposing buyers to potential gas leakage and explosion,” the gas supplier said.
Solane added that non-compliant containers also usually bear fake seals, incorrect labels and expired cylinder dates.
“Important markers customers can look for are the mandatory markings such as the Bureau of Philippine Standards, the required weight of the tank, and the brand of the company. Important markings as these point to the tank being thoroughly inspected and without these, it is a giveaway that the LPG is unauthorized and unsafe,” it explained.
Aside from the markings and appearance of the LPG tanks, the brand said an LPG tank’s authenticity can be determined by its weight.
“A standard Solane LPG cylinder, for example, has 11 kilograms LPG content and an empty cylinder weight should be around 13-15kgs for AS or de salpak and 11.5-14kgs for POL or de roskas,” the group said.
It explained that the weight of the empty cylinder is referred to as tare weight and this varies per cylinder as indicated in the tank’s shoulder.
The total weight of a filled cylinder should then be LPG content + tare weight. Anything under this, even a fraction, Solane said, is a sign that it is not a genuine product.
To ensure the quality of its products, the company said it performs the “Timbang Challenge” or the weighing challenge as well as a seven-point safety check free of charge when delivery LPG tanks to their consumers nationwide.
Gas leaks are still a leading cause of fire in the country, according to Solane.
The 2019 data from the Association of Safety Practitioners of the Philippines and the Bureau of Fire and Protection (BFP) showed that exploding LPGs remains to be one of the top five causes of fires across the country.
The Central Visayas BFP 7 has reportedly recorded 130 fire incidents that were caused by explosions of LPG tanks or gas stoves last year. These figures contributed to the 1,893 fires that destroyed P257 million worth of properties in 2019. —Rosette Adel


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Google Phone "Nexus One": $530 without contract
First, the meat. According to the pages, the phone will be available in two ways: as a $529.99 unsubsidized and unlocked device, and as a $179.99 T-Mobile device locked to a two year contract. Sound familiar? It should, because it's exactly the same story as every other phone available on the market right now.
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- SideQuest Studios CEO Marcus Pukropski
confirmed today alongside a video trailer that Rainbow Skies is coming to both PS3 and PS Vita platforms in 2014.
Below are the details, to quote: Hi RPG and indie fans! We're excited to announce that Rainbow Skies is coming exclusively to PS3 and PS Vita in 2014.
Rainbow Skies is an indirect sequel to our RPG from last year, Rainbow Moon, which was nominated as the "Best Indie...


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WE ARE ILLINOIS
Illinois Republicans Set Up 'Fire Madigan' Web Store
From Huffington Post:
Turns out Gov. Pat Quinn might not be the only Illinois Democrat who'd prefer to forget a markedly less-than-stellar showing at the State Fair earlier this month.
One day after Quinn made a pair of bizarre gaffes on Governor's Day at the Springfield, Ill. event, the Illinois GOP debuted a new "Save Illinois. Fire Madigan." sign to accompany their consistent skewering of the veteran state House Speaker and Chicago Democrat Michael Madigan's political record, the Chicago Sun-Times reported.
The sign apparently proved so popular that state GOP leaders on Monday unveiled a CafePress web store offering up bumper stickers, buttons, yard signs, magnets, hats, coffee mugs, golf balls, t-shirts (for both humans and dogs) and more emblazoned with the slogan.
Items available through the "Fire Madigan" shop are being sold "at cost" and at no financial profit or less, according to the shop.
"They'll be the hottest, trendiest thing in the state of Illinois in the next four years," state GOP chairman Pat Brady told the Chicago Sun-Times' of the store in Clearwater Beach, Fla., where the state's delegates are staying during the Republican National Convention in Tampa.
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NEW TRIPOLI, Pa. - Inside Eight Oaks Farm Distillery's barn, it's clear the business is fueled by grain.
"How good does it feel to be back selling again?" WFMZ's Bo Koltnow asked owner Chad Butters, in front of a product shelf.
"It feels great to be back at this, it's what we are all about," he said.
But as COVID-19 hit in March, the New Tripoli company's business model went from ingesting alcohol, to applying it. Butters says they've produced 30,000 gallons of hand sanitizer.
The company "had to register our product and spell out exactly how it's made," he said.
Alcohol, hydrogen peroxide, water and a denaturant are the strict FDA-safe ingredients Butters said he had to use.
However, the FDA has released a growing list of more than a dozen brands that are going against that grain, including five added this week from Mexico.
The highly toxic substance methonal is being found in some hand sanitizers, even though it doesn't show on the listed ingredients.
It's "used in brake fluid and other commercial-grade automotive products," said LVHN medical toxicologist Dr. Kenneth Katz.
Although it can be absorbed into the skin, the real danger is if someone drank it, which Katz says alcoholics are prone to do.
"Very life-threatening and can cause permanent blindness," Katz said.
The FDA is warning people to not use the brands that may be found in stores and online. The agency has put an import ban on those products.
A full list is posted on their website.
As for Butters, he's now back to his roots, but with the same careful eye on his ingredients.
"This week we are harvesting wheat and turning that into vodka, gin, and dry whiskey," he said.


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Kia Named Best Car Manufacturer By Which?
Presenting the award, Which? Chief Executive, Peter Vicary-Smith, said, "This is the first time Kia has made the short-list and to walk off with the title is a significant achievement."
He went on to praise Kia for being one of the top ranked brands in the 2012 Which? Car survey for both customer satisfaction and reliability. Kia beat off competition from BMW, Hyundai, Skoda and Toyota to take the prize.


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New Honda HRV 2020
New Honda HRV 2020 – The 2020 Honda HR-V makes an ideal around the local area buddy with its open, adaptable inside and great ride quality. Having recently been shocked by the Honda BR-V which sold just a single unit, now we get the most recent data refreshes about SUVs from Honda which additionally possess the most astounding position in the offer of minimized SUVs in Indonesia, particularly if it’s not the Honda HR-V.
Indeed, the Honda HR-V has been changed into an item that is exceptionally well known with Indonesian individuals, and it is progressively bolstered by deals that pass different SUVs in a similar section. Honda is updating the little Honda HRV 2020 hybrid with a lot of updates for 2019. To go with its visual changes, the huge news is that it’s at long last accessible with Honda’s suite of dynamic wellbeing advancements; it recently was the main Honda nameplate that didn’t offer these highlights.
We’re likewise just excited to report that its infotainment framework currently consolidates a volume handle, despite the fact that it’s with bitterness that we report that its manual transmission is no more.
Also read: 2020 Honda HRV Redesign
New Honda HRV 2020 Preview
Not all hybrid SUV purchasers need a major, ambling 4×4 fan. Also, not all conservative vehicle purchasers look for a low seating position. For those searching for something in the center, there’s the 2020 Honda HR-V.
Amid the primary quarter of the year, the Honda HR-V has enrolled 24,659 deals and is as of now the third top rated show in its portion. While this outcome is solid as such, the Japanese maker needs the crown back and is setting up a facelifted adaptation of the subcompact hybrid. Joined underneath is an exhibition of government operative photographs demonstrating the invigorated model in model appearance experiencing testing in Southern Europe, and this is likely an Euro-spec rendition.
Truth be told, on the off chance that we look once more, the Honda HR-V isn’t an item that has quite recently been propelled, even the facelift adaptation is going to swing in 2019. Be that as it may, in fact a portion of the benefits of the 2020 Honda HR-V can answer purchaser needs, for example, the saucy model, extensive space and a few different highlights. All things considered, the most recent news appears about the eventual fate of the Honda HR-V, which depends on the news we cited from Japanese media, the new Honda HR-V will get the most recent age in the following 2020 otherwise known as 4 years.
New Honda HRV 2020 Price
Honda is moving the 2020 Honda HR-V for at any rate $20,510 in America, $105 more than the 2019 model. At the point when the new facelifted variation achieves dealerships, likely in the spring of one year from now, it will most likely wear a beginning value which is near the present passage whole. In Europe, the hybrid is required to touch base before the year’s end.


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DETROIT–General Motors Corp. Chief Operating Officer Fritz Henderson says the U.S. auto industry is in a recession.
The automaker's No. 2 executive said Tuesday GM is selling below trends for the third straight year.
He blames the sales drop on the troubled housing market, tight credit and higher gasoline prices that are sending consumers from trucks to cars at a rate much faster than the company has ever seen.
But Henderson tells a conference of banking and insurance industry officials in Warren that it has cut costs and rolled out new products. It also is seeing sales growth in emerging markets.


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“While demand will still likely be driven out of necessity over the next few years, we may start to see a shift away from price-minded to value-minded purchases in 2011. Consumers purchasing commercial mowers in 2011 will notice that a lot of technology advancements have been realized since they purchased their last mower. Mowers are greener, addressing fuel line and tank emissions. Engines are more efficient, operating smoother and offering better fuel economy. Mowers are designed smarter, reducing vibration points and enhancing user comfort.”
Qualifying the Customer
As the market demand for commercial riding mowers increases in 2011, dealers can improve their chances of getting the sale by taking the time to talk with customers and pair them with the right mower that can satisfy their needs regardless of cost.”
“The market is price-driven but also value-driven,” explains Stucky. “Dealers can capitalize on this by knowing their customers’ needs and offering equipment that provides the best value for each application. Dealers should make themselves an ally to the customer by helping them be more successful, saving them time and labor with the equipment they purchase.”
An influential part of qualifying the customer and getting closer to the sale is learning their financial parameters. They are going to want a machine that is affordable and credit that is easily obtainable.
“Affordability and cost of ownership is one of the last pieces to the puzzle, along with finance options that are affordable, which seems to be as compelling as all the features,” says Weber. “We work directly with finance companies to offer our customers an assortment of financing options to fit their unique needs, many with no dealer fees to get passed on to the customer.”
Dealers should be patient with customers and the market going into the 2011 sales season. They should recognize that the increase in commercial rider sales will be gradual.
“The landscape contractor market appears to be improving from 2009 as indicated by industry shipment and retail estimates,” says Walters. “Although hard pressed to find dealers or landscape contractors who believe the economy is in full recovery, most do believe that things have moderated and that 2011 will be another step forward.”


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US: Coke and Nestlé hit further trouble over Enviga
A US advocacy group has demanded the Federal Trade Commission take action against Coca-Cola and Nestlé for unlawful deceptive advertising for Enviga.
The Center for Science in the Public Interest (CSPI) says the companies' claim that the green-tea-flavoured diet soda burns more calories than it delivers implies weight loss, which the companies refute, marketing it rather as a way to promote better health and a drink that "allows you to burn calories."
CSPI is also suing Coke and Nestlé in federal court on the issue, saying there's no basis for weight-loss claims, adding the commission has ruled such claims not mentioning the need for increased physical activity or decreasing caloric consumption are inherently deceptive.
Coca-Cola North America has unveiled a new television advert aimed at family audiences across the US....
Coca-Cola India is reportedly in talks to create a joint venture in the country with Tata Tea....
Soft drinks giant Coca-Cola has endowed a professorship of consumer insight and marketing at the IMD business school in Lausanne....
Athens-based soft drinks bottler Coca-Cola Hellenic Bottling Company (CCHBC) is to form a joint venture partnership with Coca-Cola and the Italian coffee company Illycaffè to market ready-to-drink cof...
Coca-Cola Drycker Sverige AB has invested in its bottling facility, the company said today....
The Coca-Cola Co. has been asked by national campaigners to reveal the source of its Dasani brand bottled water in the US....
Japanese Coke bottler Coca-Cola Central Japan Co. has posted a 39.1% increase in net profit for the first nine months of the year to JPY2.57bn (US$22.4m)....
Investment bank Citigroup has raised its rating of Coca-Cola Enterprises to "buy" from "hold"....
- Review of the Year 2014 - Part IV: Spirits
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part V: Wine
- just Five Years Ago - Belvedere Group's Bumpy Ride
- just the Ten - Editor's Viewpoints of 2014
- Belvédère to sell assets, streamline portfolio
- Campari to bag EUR19m with "non-core" assets sale
- Pernod agrees Caribe Cooler sale to Grupo Bepensa
- Pernod wins consent for Glenlivet upgrade
- Thailand pulls back from New Year alcohol ban


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AGENDA: Pre-registration and lodging specials for Vegas show, Aug. 17-19.
SIA: Cooling down NYC with annual Summer Snowdown media event.
Details on Industry Insight.
The big focus this year for the Fox-owned unit is pushing into international markets and pushing content onto additional platforms, CJ said.
Fuel can focus on new projects because so far, the slowing economy hasn't impacted its revenues. Fuel is just wrapping up its fiscal year - revenues are expected to be up 10 percent and profits were 50 percent ahead of plan.
International: CJ said the international division is starting to pick up steam. Currently, FuelTV is available in Australia and at the end of next week, it will launch in Portugal. South Africa is next. After that, CJ will work on deals for continental Europe and then Asia.
Because Fuel is owned by Fox, it can work with Fox's infrastructure on the technical side to create an international feed and tap into relationships that Fox has in those markets with cable operators or other companies expanding into digital cable.
Content will be somewhat tailored to different markets. In South Africa, for example, content will focus on surfing and skateboarding with less snowboarding since there's not a lot of snow in South Africa. In Europe, kite boarding is popular so that sport may get more exposure on the channel.
New platforms: Fuel is working on getting its content onto different platforms its audience uses. In addition to its Website, Fuel also has a big presence on iTunes. Fuel sells entire shows on iTunes and also offers shorter, free podcasts. In the past five months, 3.5 million podcasts have been downloaded, CJ said.
CJ said Fuel's advantage is offering podcasts with good-quality video with a beginning, middle and end. Fuel puts 15 to 20 new clips on iTunes every week.
Advertising is just starting to be added to the podcasts with 10 to 15 second prerolls. Nike is one of the first advertisers.
Advertisers outside the action sports industry began pushing Fuel about two years ago to think about putting more content on different platforms, CJ said.
More on advertising: The first advertisers on Fuel were not action sports companies, CJ said. When the channel started five years ago, CJ's strategy was to build a quality product first and build a working content relationship before asking for advertising dollars. In the beginning, CJ licensed a lot of content from action sports brands, using their in-house films showcasing their professional athletes on the channel.
About two years ago, CJ started talking to the companies about spending advertising dollars with Fuel, saying "I think we've done a good job of representing the industry in a good way, would you consider spending with us," CJ said.
Now, about 20 action sports brands advertise on Fuel, including Quiksilver, Volcom, Sole Technology, Reef and Globe.
Action sports companies account for only 10 percent of total advertisers, however. The rest are companies that want to reach Fuel's audience - males 12 to 24 - including Toyota, Boost Mobile, Mountain Dew, Snickers, gaming companies and movie studios.
Increasingly, Fuel is working with advertisers to integrate their products into programming to "safeguard against getting Tivo zapped" during traditional commercials. "If you do it correctly, everybody wins," CJ said. "If there is some value to the consumer, everybody wins."
Fuel's revenue stream breaks down this way: 75 percent from cable fees, 25 percent from advertising and international combined.
"We had a great year," CJ said. " A lot of that is attributable to what we put on the air. ...We've hit a nice awareness point. Now when I walk in (to a potential advertiser) and say FuelTV, they've heard of us. Or they say, ‘My kid is addicted.' I love hearing that."


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Rocket aficionado Steve Jurvetson and his DFJ partners have agreed lead a major investment in space transportation provider SpaceX, PE Week (peHUB’s sister publication) has learned. The round could be worth upwards of $60 million, and would include existing SpaceX backer Founders Fund.
Jurvetson declined to discuss the specifics of SpaceX’s financing. Regulatory filings show the company had raised $15 million toward a proposed $60 million round as recently as March. Jurvetson says that the round has either closed already or will close within the next 14 days.
Executives at SpaceX were not available for comment.
The Hawthorne, Calif.-based company has raised $112 million in funding since 2002, according to regulatory filings. Most of that financing has come directly from SpaceX CEO Elon Musk, who holds the title of CEO, CTO and founder of the company. Musk was an early investor in Tesla Motors, where he currently serves as CEO, and he was an early investor in PayPal, whose co-founders launched the Founders Fund.
SpaceX is profitable, despite having only successfully launched one rocket into orbit, says Jurvetson. Customers pay the company for rocket missions 24 months before liftoff. The prices of the operations are based on the weight of the shipments sent into orbit. The company has four flights scheduled for 2009, including launches for Malaysian satellite maker ATSB and U.K.-based satellite broadband provider Avanti Communications. SpaceX has seven launches planned for 2010.
The company is able to attract customers by offering more affordable launches than the competition, says Jurvetson, who adds that SpaceX manufactures most of its own parts rather than relying on third-party suppliers, which helps to reduce costs. He also says that the company uses electronics and materials advances that government-sponsored spaceships have yet to fully incorporate.
Though Jurvetson has a penchant for model rockets, the investment is a bit of a departure for DFJ, which focuses on early stage companies.
“SpaceX is a lower-risk business than our usual investments,” says Jurvetson. “And, yes, it is a later stage company, but it still had that unique, change-the-world idea, and the potential is huge.”
One potentially large customer is NASA, for which SpaceX is currently demonstrating that it can help provide crew and cargo supply missions to the International Space Station. SpaceX may receive up to $278 million if it meets NASA milestones.
Jurvetson is known for building 15-foot-tall rockets and launching them in Nevada’s Black Rock Desert during the weekends. He says he initially avoided pursuing SpaceX, since he views rocketry as more of a personal passion. “I’ve been holding back when it comes to anything too close to my interest,” he says.
DFJ Associate Joshua Raffaelli recently floated the idea for an investment by the Founders Fund and Musk, who were both receptive, says Jurvetson. “There were three [DFJ] partners who were eager to do the deal and take the board seat, but the confluence of interest and knowledge was all too great to ignore the obvious choice,” says Jurvetson, who has joined the board.
Although Jurvetson believes SpaceX is poised to take off, thanks in part to its NASA connections, its CEO is finding himself busy with his duties at Tesla. When Musk took over as CEO of Tesla in 2008, he became the latest in a string of four CEOs. Tesla has been busy trying to ramp up production and gain a toehold in the electric car manufacturing business. The company received a $50 million investment from Daimler in May that valued the company at $550 million, according to reports. DFJ is also an investor in Tesla.
Jurvetson and SpaceX’s other investors are not concerned that Musk is running two companies at the same time.
“Steve Jobs has blazed a role model trail in how to do that [operate two companies at once] when you have good teams in place,” Jurvetson says. “My suspicion is that over time, Musk will tend to focus on one [company] over the other.”
As a financier of Tesla Motors, Jurvetson was one of the first people to line up for an electric sports car. He owns the 12th Tesla Roadster that came off of the production line. Jurvetson has not, however, secured a spot on any upcoming spaceflight.
“We thought about inserting a special clause in the [SpaceX funding deal] when we put the term sheet together,” Jurvetson says.
Also, space tourism may still be too risky for adventures, Jurvetson says. SpaceX is eventually planning to help send people to space, but they will likely be professional astronauts, he says.
Earlier: Three SpaceX Questions for Luke Nosek of Founders Fund


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According to a report from Business Insider, Walmart will start limiting the number of customers allowed in its stores this weekend.
The measures, which will limit stores to five customers per 1,000 square feet of shopping space, will be used to reinforce safe social distancing practices.
These restrictions will keep the stores at roughly 20 percent of their normal operating capacity.
Walmart employees will be stationed at store entrances and exits to count customers and enforce the limits.
Walmart has designated a single entrance and a single exit for each of its stores. Once capacity is hit, customers will be admitted on a 1-out-1-in basis.


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Google’s Indexing Bug Is Back – New Content Not being Indexed (#GotBitcoin?)
This morning, Google fixed a bug that affected its ability to index new content. Well, right now, that bug is back. Google’s Indexing Bug Is Back – New Content Not being Indexed (#GotBitcoin?)
New content not being indexed. Try finding content from large news publishers that are always pushing out content, and you won’t be able to find anything if you filter by results within the past hour.
Here Is An Example For The Wall Street Journal:
Fix coming? We have notified Google of the issue and expect this to be resolved soon. Last time this took Google several hours to resolve.
Bug unrelated. Google posted an update that they are investigating this issue well after we wrote about it here. Google said this issue is unrelated from the previous indexing issue. Hopefully Google will share more details soon.
Google is experiencing a major issue at the moment which is preventing new content from being indexed in search results.
The bug was spotted earlier this morning, and is especially evident when using the ‘Past hour’ search filter.
UPDATE: Google says the issue has been fixed. Read more in: Google Index Issues Resolved – What Happened?
Google has now confirmed it’s experiencing indexing issues and provide more information when it’s available.
Here’s Google’s Statement:
“We’re currently experiencing indexing issues that may cause stale search results in some cases.
We’ll update this thread when we can provide more information.”
So this is about as big as indexing issues can get, save for the entire index vanishing.
Not to mention its far from Google’s only indexing issue as of late. Just last month there was an ongoing indexing error which caused a significant number of pages to be deindexed.
Around the same time that error was resolved, another issue was found that affected the indexed pages report. It took over two weeks for that error to be fixed, and data during the time the error occurred is now unusable.
With all these errors happening around the same time, one can’t help but wonder if these might be signs of a much larger issue.
My colleague Roger Montti suggests all these errors might be the painful side effects of an infrastructure update.
Another concern is the length of time it’s taking Google to fix these errors. With a problem as serious as new content not being indexed it would be nice to know we could rely on Google to fix it in a timely manner.
Unfortunately, if Google’s recent track record is anything to go by, this problem may linger for several days.
I will certainly be watching this closely and will update this post when the issue is either resolved or more information is available.
CCN Casts Doubt On Shutdown Plans As Google Appears To Correct Visibility
Researcher Discovers Serious Vulnerability In Paper Crypto Wallet Site (#GotBitcoin?)
First American Financial Leaks Hundreds Of Millions Of Title Insurance Records (#GotBitcoin?)
Ex-Intelligence Analyst Charged With Leaking Classified Information
Google To Launch New Privacy Tools To Limit Cookies
Google Vs Duckduckgo | Search Engine Manipulation, Censorship And Why You Should Switch (#GotBitcoin?)
Alert! 540 Million Facebook Users’ Data Exposed On Amazon Servers (#GotBitcoin?)
Facebook Bug Potentially Exposed Unshared Photos of Up 6.8 Million Users (#GotBitcoin?)
Facebook Says Millions of Users’ Passwords Were Improperly Stored in Internal Systems (#GotBitcoin?)
Advertisers Allege Facebook Failed to Disclose Key Metric Error For More Than A Year (#GotBitcoin?)
Ad Agency CEO Calls On Marketers To Take Collective Stand Against Facebook (#GotBitcoin?)
Thieves Can Now Nab Your Data In A Few Minutes For A Few Bucks (#GotBitcoin?)
New Crypto Mining Malware Beapy Uses Leaked NSA Hacking Tools: Symantec Research (#GotBitcoin?)
Equifax, FICO Team Up To Sell Your Financial Data To Banks (#GotBitcoin?)
Cyber-Security Alert!: FEMA Leaked Data Of 2.3 Million Disaster Survivors (#GotBitcoin?)
DMV Hacked! Your Personal Records Are Now Being Transmitted To Croatia (#GotBitcoin?)
Lithuanian Man Pleads Guilty In $100 Million Fraud Against Google, Facebook (#GotBitcoin?)
Hack Alert! Buca Di Beppo, Owned By Earl Enterprises Suffers Data Breach Of 2M Cards (#GotBitcoin?)
SEC Hack Proves Bitcoin Has Better Data Security (#GotBitcoin?)
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In an announcement released earlier this week, Hyundai revealed that it is building a production version of the Santa Cruz pickup, and will be adding the model as part of a massive expansion for the company’s Montgomery, Alabama assembly plant.
When the Santa Cruz eventually enters production, it will be built alongside the Santa Fe SUV, as well as the Elantra and Sonata sedans at the plant, with Hyundai planning to formally start Santa Cruz production in 2021. To help achieve this, the company is embarking on a $410 million dollar expansion of the plant to help prepare it for Santa Cruz production. This includes extra space in the stamping, welding, and paint departments, along with additional space in the parts processing department. All told, these improvements will help create 200 new jobs at the plant, while local suppliers and other entities that work with HMNA are projected to add an additional 1,000 jobs both in Montgomery, as well as the broader River Region. This would help add some economic muscle to the area, and allow Alabama to enhance its manufacturing credentials.
“Bringing the Santa Cruz to HMMA demonstrates that Hyundai Motor Company is confident our more than 3,000 Team Members are ready to build a quality crossover for the U.S. market,” said Byungjin Jin, president and CEO, Hyundai Motor Manufacturing Alabama.
Hyundai for its part is not calling the Santa Cruz a pickup and instead refers to it as a “compact utility vehicle.” While we are still processing that in our collective minds, Hyundai elaborated further explaining that the Santa Cruz is designed for buyers that want all the traditional benefits of a compact utility vehicle, but also need the benefits provided by an open bed. The company did not release images of the new Santa Cruz in its release (preferring instead to focus the spotlight on the assembly plant) but with the Santa Cruz concept making its debut back in 2015, look for a significant chunk of the concept’s core DNA to carryover intact. We suspect that the Santa Cruz could borrow some tricks and the platform of the Hyundai Palisade to help give the truck the size it needs to be able to hit some of Hyundai’s targets in regards to functionality and ergonomics. The platform could also allow the Santa Cruz to bring over a few of its novel features to production including its novel extendable rear bed.
Look for the production Santa Cruz to make its appearance in time for the 2022 model year, with Hyundai most likely releasing more information on the model in late 2020.
I can’t wait to see it in person.


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Delhaize Closing Harveys DC
Delhaize America LLC plans to discontinue operations at a Harveys distribution center in Green Cove Springs, Fla., when the deal under which the grocery chain is being sold to Bi-Lo Holdings LLC closes, according to Delhaize America.
Delhaize America spokeswoman Christy Phillips-Brown told Progressive Grocer that the Salisbury, N.C.-based company informed associates on Dec. 5 that the facility would shut down when the sale to Bi-Lo Holdings went through.
One hundred and sixteen employees will be affected by the closure, according to a state filing.
Harveys currently operates 73 locations in Florida, Georgia and South Carolina, noted Phillips-Brown, who added that the distribution center services all of these stores.
Bi-Lo Holdings has said it will convert the Sweetbay and Reid’s stores to the Winn-Dixie and Bi-Lo banners, respectively, while most Harveys stores are expected to retain their name.
The Green Cove Springs facility was originally built to service Delhaize's Food Lion banner, which exited Florida in 2012.
Bi-Lo Holdings, owner of the Winn-Dixie and Bi-Lo grocery chains, agreed in May to purchase from Delhaize all of the Harveys supermarkets, as well as 72 Sweetbay stores in Florida and 11 Reid’s stores in South Carolina. The deal is expected to close in early 2014.


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You don’t have to be part of the media to realise that you are an unwitting member of the media circus. The next best thing is just around the corner and you have your eyes glued to every screen your disposal. And all of this is for another couple of screen-based devices that seemingly hold the power to change mankind’s destiny and bring about world peace. No, they cannot but with all the hype you would have thought that the two variants of the iPhone 6 should do a lot more than they do.
But that isn’t all. The announcement happened and we all saw that the iPhone (in plural) had now grown bigger, had new software and … well and actually did nothing new over a whole host of phones that have launched over the past couple of years. So are we missing something here? The world’s best brand has brought out a couple of me-too products that don’t do anything to change the game. That’s so unlike them!
As if to make up for the lack of punch the new Apple Watch came out as well – the only item that seems to take a genre and move it ahead in true Apple style. But it is months away from a formal launch and may change even now.
As if to add to the mire, the phones that were launched were received with quite a bit of bad press. You cannot have phones bending the way these did – and certainly not when they are iPhones! It may have been a mixture of production teething issues and bad luck, but Apple could have done without this.
Remember, Apple is now the world’s richest company by market capitalisation, most recalled brand and earn most of their revenue from the iPhone. If you looked at it in automotive terms it would be as if Aston Martin was the largest selling brand with just two models (DB9 and Vantage anyone?) priced at a premium over everyone else and with record profits for the company. Oh yes, and the cars are made at vendor’s factories in China by overworked labour and we never question the quality. Somehow it doesn’t translate as well to automotive terms.
And it never will, because we have a different scale of measurement. Imagine buying your car and hearing about doors falling off on the model elsewhere in the world. Or engines leaking; Or electrical circuits failing, as they do. Yes, we accept that a car as delivered to a customer is on a best effort basis. Six sigma tells us that most of the cars will not have an issue – it can never guarantee that 100%. So what’s the issue when an iPhone bends? Or your software hits a glitch. One over the air update later and your phone’s as good as new. In a faulty car, you will have to take it to the dealer and get it attended to and you feel as if the newness has gone away, even if you’ve already done a few thousand celebratory kilometres already in it.
It is that difference in the way we measure our purchases that allows us to forgive one manufacturer and harangue another. Of course when endemic issues crop up then manufacturers all seem to have a common recourse – the recall!
And this never-ending story will go on. A new gadget will launch every month, a new car at almost the same frequency. We’re never going to be able to upgrade our cars at the same pace as our phones so we all know which will interest us more.


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OpenSea betrayed Web3.0.
Recently, the news of the upcoming IPO of OpenSea, the world’s largest NFT trading platform, has spread like wildfire, attracting a large number of airdrop users on the platform:
“I thought I could squeeze the wool, but it turned into revenue.”
“I expected it to be airdropped before, but now I can only take stocks? It’s like a dream, and I am still very moved when I wake up.”
“Their venture capital did not get them to where they are today, we did it.”
“It’s terrible to hear that OpenSea is selling and doing an IPO.”
The news of OpenSea’s upcoming IPO is not groundless. According to Bloomberg News, OpenSea has hired Brian Roberts, the former CFO of the leading U.S. ride-hailing platform, as the company’s chief financial officer, and Roberts also hinted that the IPO will be promoted soon, saying: “When you have When a company grows as fast as OpenSea, it would be foolish if you don’t consider it to go public.”
In addition to Roberts’s explicit mention of the listing plan, its founder and CEO Devin Finzer also said euphemistically that although Roberts is not short of money (just recently raised $100 million at a valuation of $1.5 billion), OpenSea raised More funds received can be used to acquire companies, establish partnerships and establish joint ventures to further expand the use of NFTs to new industries. The company is currently working with investors including a16z, Founders Fund, Coinbase and Blockchain Capital Discuss new financing issues. (Supplement: At present, no company has issued its own token after IPO)
However, it should be noted that OpenSea has not yet clearly stated that it will not issue tokens. Some optimists believe that OpenSea may concoct a hybrid model that combines traditional IPOs with certain types of community tokens. However, with the continuous emergence of IPO news, even the community believes that OpenSea has betrayed Web3.0. .
OpenSea: A company that was “lifted” to the top of NFT
What kind of company is OpenSea?
First of all, OpenSea is an NFT trading platform that makes a profit by charging a 2.5% transaction fee for seller transactions. However, OpenSea is the world’s largest NFT trading platform. Since its launch, its historical sales have exceeded 10 billion U.S. dollars. It is reported that the monthly transaction volume of the OpenSea platform reached 3.4 billion U.S. dollars at the peak of the transaction in August. It is currently in November’s NFT In the transaction, OpenSea monopolized 92.5% of the market share.
Data source: Dune Analytics
In fact, OpenSea is a tens of billions of unicorns that have been “lifted” to the top of the NFT industry. However, it is not what the airdrop users said in the previous article. It was only lifted by them. Those who lifted OpenSea to the top of the throne are also the wind and capital. Hand.
Just as it is said that pigs can fly when standing on the tuyere, the advent of the NFT tuyere allows OpenSea to fly successfully. According to OpenSea founders Devin Finzer and Alex Atallah, they launched a platform that can create, buy and sell various irreplaceable NFTs-at the beginning of OpenSea, It was a miserable life. After 26 months of going online, they only had 4,000 active users making 1.1 million USD monthly transactions, which is equivalent to (based on OpenSea 2.5% sales commission) platform monthly revenue of only 28,000 USD.
This situation took a turn for the better in February 2021. The NFT market began to wake up. A large number of users poured into the platform to trade NFT on the platform. Since then, almost every phenomenon-level explosive NFT has been released or KOLs such as Beanie and Gary Vaynerchuk promoted it at the same time. In a certain NFT series, the OpenSea website will collapse due to the surge in the number of visitors.
The rapid expansion of OpenSea is like a butterfly flapping its wings in the Amazon rainforest, which will cause a series of reactions. First of all, investors have seen the wealth portal. They look forward to OpenSea issuing their own native tokens and believe that if OpenSea issues tokens, they will definitely issue airdrops to users (in fact, OpenSea has indeed issued and governed tokens), so some people do not hesitate to spend human and financial resources. Hundreds of accounts interact with OpenSea one by one, hoping to make a lot of money when sending airdrops.
Then when the airdrop users helped OpenSea to scan the data, the capital again saw the wealth value behind it, and they put aside the olive branch of capital on OpenSea (although Redshirt Capital did not invest, it recently expressed that it wants to be all in the blockchain). The final result we saw is that OpenSea has become the world’s largest NFT trading platform, and in 2021 it has also received investment from a number of head funds including a16z and Coinbase (in 2021, it received US$23 million in Series A and US$100 million, respectively. Series B financing. Currently, multiple rounds of financing of US$1 billion in Series C financing are underway.
OpenSea: A company that thrives on
OpenSea, which has been promoted to the leading position, is still a company that has been growing up and has an unstable foundation.
The development of OpenSea is very rapid. From 4,000 monthly active users to 200,000 monthly active users, the 50-fold growth of OpenSea in half a year is a miracle, but it has also plunged OpenSea into crisis many times. For example, the server crash problem mentioned in the previous article. According to statistics, OpenSea crashes caused by NFT transactions in 2021. There were more than 11 large and small crashes, and there were countless times of congestion. The problem of pending orders), caught in a series of problems that OpenSea is not ready to meet the rapid growth.
Another example is the shocking “mouse warehouse” incident not long ago. OpenSea employees took advantage of their positions and used several small accounts to buy NFTs in advance, and then advertised them on the front page to make their value soar. , And finally transfer it to the main account to complete the transaction. The mouse warehouse incident caused strong resistance from users after Twitter was shaken. OpenSea had to take emergency measures, namely, prohibiting OpenSea employees from buying their NFTs when the company advertises collectors or artists, and prohibiting OpenSea employees from buying and selling through inside information. NFT (not limited to the OpenSea platform) in order to calm the anger of the public, but from the perspective of God, OpenSea is undoubtedly helping.
At the same time, the foundation of OpenSea is unstable. Although OpenSea certainly has an overwhelming advantage over the industry’s second-ranked Rarible (other platforms add up to not have as much transaction volume as OpenSea), but strong enemies are coming. Recently, exchanges including Coinbase and FTX.us have announced plans to launch the NFT market. , And as Sequoia Capital and other institutions join the war to cheer, the threat of latecomers will become greater and greater in the future. And if OpenSea really can’t apply for airdrops, presumably this part of the profit-driven core users don’t mind changing places to apply for airdrops, and their departure will also counteract its valuation.
Harvard Business School Associate Professor Scott Duke Kominers also said, “Early leaders in the encryption field face great risks. The first participants in an industry are not necessarily the most successful. Your network must be strong enough to overcome subsequent borrowings. The successful part of your business model does not target competitors with slightly different audiences.”
Finally, back to the beginning question, what kind of company is OpenSea? I think my answer is: OpenSea is a more influential NFT trading platform, nothing more.
Posted by:CoinYuppie，Reprinted with attribution to:https://coinyuppie.com/the-red-shirt-capital-of-the-front-foot-allin-blockchain-the-back-foot-opensea-is-planning-an-ipo-who-betrayed-web3-0/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.


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YottaMark Inc., Redwood City, Calif., has released the newest version of its free HarvestMark food traceability app is available in the Android Market and the iTunes app store.
The new version supports quick-response code.
According to YottaMark’s news release, it’s the first time the app is available for Android phones.
The app lets shoppers get information about the food they see in markets, like where, when and how it was grown.
HarvestMark has labels on more than 3 billion packages of fresh food in the U.S. and Canada. Del Campo, Driscoll’s, Fresh Selections by Kroger, Sun Fed and others use HarvestMark on their packaging, according to the release.


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- Shaktikanta Das said that MPC unanimously decided to hike repo rate with a view to contain inflation
- Commercial banks are likely to hike interest rate on all types of retail & institutional loans soon
- Notably, inflation in India has remained above the targeted 6 per cent since January
RBI Rate Hike: Treating inflation is like treating cancer! Therefore, it is important to remember that the war against price hikes can never be over. In such a scenario, it becomes prudent to take steps to check the rising prices of services and goods and also maintain a balance between the demand and supply chain. The Reserve Bank of India (RBI) in a surprise move on Wednesday (May 4, 2022) announced to hike the repo rate by 40 basis points to 4.40 per cent, the first hike since August 2018. The decision was taken amid inflationary pressures and calls for policy tightening.
The repo rate is the rate at which the central bank lends funds to commercial banks to do business. The RBI has cut the repo rate by 250 basis points since February 2019 to help revive the demand. The six-member Monetary Policy Committee led by RBI Governor Shaktikanta Das during an unscheduled review meeting on Wednesday also hiked the cash reserve ratio by 50 basis points to 4.5 per cent which will suck out Rs 87,000 crore of liquidity from the banking system.
Das said that the decision was taken in order to contain inflation that has remained stubbornly above the central bank's target of 6 per cent for the last three months. India's retail inflation jumped to a 17-month high of 6.9 per cent in March from 6.7 per cent in February. The retail inflation in January 2022 was 6.1 per cent.
Russia-Ukraine War Effect
Here, it is important to understand that the present inflationary pressure is because of the global phenomena due to the Russia-Ukraine conflict that has affected the whole world. Das in his briefing too said that geopolitical tensions are pushing inflation higher in major economies besides the crude oil price also being volatile and above USD 100 per barrel, adding that the "global economic recovery is losing momentum". "Shortages, volatility in commodities and financial markets are becoming more acute," he said.
According to Das, the inflation print in April is also likely to be high. Experts say that it may touch 7.5 per cent in April, prompting the RBI to further tighten the policy rates. The next meeting of the MPC is scheduled during June 6-8.
Why Inflation Occurs
In a progressive economy, a balance between demand and supply of essential goods and services is very much essential to control prices. When demand exceeds supply, people willfully pay extra for goods and services they can't delay, ignore, or don't have an easy substitute. On the other hand, inflation between 3 to 4 per cent (YoY) is considered ideal, but when inflation goes beyond 4.5 per cent, it affects the masses and people with low purchasing power suffer the most.
Due to the rise in inflation, the government’s key focus shifts to controlling the price rise and it becomes inevitable to increase the repo rate and reduce the money supply in the market. In other words, inflation in an economy occurs due to increased spending by individuals and businesses and not a substantial increase in production or supply. When this happens, prices of goods and services are bound to rise.
"Inflation can be increased in several ways which are mainly divided into two parts: demand pull and cash push. Demand factors arise from an increase in the demand for goods and services, whereas a price increase factor apparently arises from an increase in the price or a decrease in the supply of goods and services," Ravi Singh, vice president and head of Research, Share India, said.
How Will Rate Hike Stabilize Inflation
People hit with higher prices might wonder how rate hikes will tame inflation. But increasing the repo rate is one of the most effective tools to battle inflation. Central banks increase the short-term borrowing rate for commercial banks and then these banks pass it to consumers and institutions.
Notably, rate hike influences everything from interest on all types of loans (home, car, personal), credit cards, mortgages, thus making borrowing more expensive. The motto behind the rate hike is exactly this. When borrowing becomes expensive, eventually, consumers and businesses hold off their demands. This ultimately helps in cooling off the demand and bringing the prices of goods and services under control.
Ravi Singh said that post-pandemic, the government announced several fiscal reforms and kept the interest rate lower for the revival of the economy. This led to an increase in the liquidity and the purchasing power of the consumer. "Implementing the rate hikes is an effort to stabilize inflation. By increasing borrowing costs, rising interest rates discourage consumer and business spending and help in curbing inflation."
"Repo rate is an instrument to check and control the liquidity of the money in the economy. The Repo rate is indirectly proportional to liquidity. When the repo rate increases, liquidity decreases and vice-versa. On the other hand, high liquidity sometimes leads to an increase in retail inflation, especially when the demand for essential goods exceeds more than their supply," Rachit Chawla, founder and CEO of Finway FSC, said. "This influences or solves the supply chain problems that are pushing the prices up."
Impact on equity market
But there is another aspect as well, he said, adding that this boosts rates on high-yield savings. "An increased repo rate makes business loans costlier for companies and they take a back step in their expansion strategies. This discouraging behaviour sometimes compels companies to postpone their growth plans, which negatively affects the prices of their shares in the stock market," he said.
"The surprise mid-cycle rate hike by the RBI is driven by factors such as inflation concern. The impact on the equity market is likely to be negative in the short term," Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares and Stock Brokers, said.
"Investors are likely to feel the heat in the short term as central banks across the globe try to curb inflation by hiking interest rates," Prashanth Tapse, Vice President (Research), Mehta Equities, said.
Manoj Dalmia, founder and director, Proficient Equities, said that an increase in interest rate leads to a higher exchange rate. This helps in checking the inflationary pressure as imports become cheap and exports demand declines.
"Inflation can have a major impact on the value of a country’s currency and the rates of foreign exchanges. Lower interest rates increase consumer spending and economic growth having a positive effect on the rupee, but they do not attract foreign investment. A higher interest environment increases the value of a country's currency. A rising level of imports and a growing trade deficit can affect the country's currency. Usually, a weaker rupee will promote exports raising the demand and a stronger rupee will promote imports reducing the demand thus helping in controlling inflation," he explained.
Impact on real estate
CREDAI's president Harsh Vardhan Patodia said that the low repo rates had given a boost to the real estate sector during the course of the pandemic.
"Raising of repo rate by RBI is a surprise for real estate industry given the inflationary trends. We are witnessing trends of growth momentum in the realty sector and developers have largely stayed resilient in the midst of challenges from the pandemic. Though this escalation will impact the buying power of consumers, we feel the impact will be taken in stride by the home buyers," he said.
LC Mittal, Director, Motia Group, said that the RBI's surprise rate hike suggests that the central bank wants to act quickly before inflation derails the growth recovery. He said there is no denying that the decision will impact the growth of the real estate industry. "But it will soon be balanced as the market is strong and resilient."
Anarock's Chairman Anuj Puri said this hike signals an imminent end to the all-time low interest regime. "Rising interest rates and inflationary trends in basic raw materials in construction including cement, steel, labour cost etc will add to the burden of the residential sector," he said, adding that this will ultimately impact overall acquisition cost for homebuyers and may dampen residential sales to some extent.
Amit Goyal, CEO, India Sotheby's International Realty, said this signals an end to the historical-low interest rates regime, as lending institutions will soon follow with increase in rates on deposits and loans.
"A rate hike of 25-50 bps may not make a dent in the demand, but over a period if rates move from 5% to 9%, it will definitely have an adverse impact on overall demand and hence inflation. Central bankers do not increase rates at one go, as it does not allow economic agents to adjust their expectations and actions," Sandeep Bagla, CEO, TRUST Mutual Fund, said.
Will Rate Hike Result in Economic Slowdown?
But there could be a secondary effect of this. A sudden hike in the rates could create an imbalance between demand and supply and could quickly dampen the demand, therefore slowing down the economy. This could even lead to unemployment as businesses will stop hiring to keep themselves running. If the rate hike is overshoot, it could even make the situation worse and put the economy back into recession.


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Tesla’s latest electric car has become the first EV in the UK to be featured in the top 10 most popular new cars list.
The Model 3, which has only recently been introduced to the UK, shot up the sales charts in August to overtake traditional best-sellers, such as the Ford Focus and Vauxhall Corsa. The Model 3 took up third position – sitting behind only the Ford Fiesta and Volkswagen Golf.
In the first full month of deliveries, Tesla registered 2,082 examples of the Model 3 in August – accounting for nearly two-thirds of all EV sales, with 3,147 electric cars being registered.
The Model 3 helped electric car sales to record an impressive 377.5 per cent increase in registrations – rising from just 659 EVs being registered this time last year. EVs also now have a market share of 3.4 per cent.
The figures come from the Society of Motor Manufacturers and Traders (SMMT) though the trade body lists Tesla products as ‘other imports’.
However, a Tesla spokeswoman was able to confirm that the figure of the third best-selling car last month was the Model 3, though the American manufacturer – headed by Elon Musk – would not comment further on the figures, such is their policy.
The Model 3 was one of 2019’s most anticipated models, with some buyers waiting nearly three years for their car, as pre-orders opened back in March 2016. US buyers received their first cars in 2017, though production complications led to a delay with UK models.
And it seems many buyers did not want to wait until the popular September plate change to receive their first cars – instead choosing to pick them up in August – traditionally one of the quietest months for new car registrations.


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Staff from Ipswich Tesco self-isolating after contracting coronavirus
- Credit: Archant
Tesco has confirmed that members of staff from one of its Ipswich stores are self-isolating after contracting coronavirus.
The cases relate to the Tesco Extra site near the Copdock roundabout.
The supermarket giant would not confirm exactly how many staff members were self isolating but said that it was taking all necessary precautions.
A Tesco spokesperson said: “Some colleagues at our Ipswich Extra store are self-isolating after a small number of colleagues tested positive for Covid-19.
"The safety of our colleagues, customers and suppliers remains our number one priority and we are following all Government guidance and working with local public health authorities.
"We have extensive measures across all of our stores to help keep everyone safe, including a traffic light system at the front of store, protective screens at every checkout, social distancing signage and regular cleaning.”
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After mailing a Christmas gift Friday, Mendenhall Valley resident Bruce Bowler said he was trying to do things right this year.
"I figured I'd get it there on time for a change," he said.
Bowler and others didn't have to wait long to be served at the valley branch of the U.S. Postal Service.
The crowds will start showing up soon, said Ruth Vincent, manager of customer services at the valley office. "Monday will be a busy day."
"They're buying things today," Juneau Postmaster Kent Eriksen said. The Christmas season is the busiest time of the year at the post office "by far."
More people will be working, and the lines will get longer, Eriksen said. As far as moving the mail in and out and getting it delivered, "we're really expecting a good Christmas," he said. Juneau's priority mail has been meeting the national standard, currently two to three days. "Flights come in more frequently than they used to."
Whether all postal customers agree with the assessment may depend on when they get to the post office.
While people mailing early can avoid the holiday mail rush, they also can avoid having to pay for more premium postal services to assure they get things in by Christmas, Eriksen said.
Deadlines have long passed for people wanting to get Christmas parcels to people in other countries under the cheapest global rate. The deadline to get Christmas packages to military APO and FPO addresses overseas by parcel airlift mail is Saturday.
For most APO and FPO addresses, the Postal Service is looking at a Dec. 10 deadline for first-class letters and cards and priority-mail parcels.
Eriksen said mailing holiday packages early can mean the difference between sending a package priority mail and sending it express mail.
Even the global express guaranteed-by-Christmas delivery dates aren't so far away. For most of the world the deadline is Dec. 19. People sending packages global express to Canada have one more day.
For domestic mail, postal authorities nationally are encouraging priority mail until Dec. 22. Express mail is encouraged beginning Dec. 23. Postal officials in Juneau said, however, that people should consider the unique characteristics of Southeast Alaska.
"We do have some overnight locations (for delivery from Juneau)," Vincent said. Generally, it's only in the Anchorage and Seattle areas, she said.
While the Postal Service encourages people to use domestic parcel post no later than the second week of December, Eriksen said Southeast Alaska is in a special situation. Parcel post in and out of Juneau travels by barge, which can add about a week to the transportation.
People in Juneau may want to tell friends and family living in other states that letters and packages sent first class, priority or express travel by air, Eriksen said.
People in Juneau generally know that, he said. "People in other places used to (using) surface mail don't," he added. For Juneau mail, he said, "it's not like they put it on a truck."
"Our mail does take a little longer here," Eriksen said.
And for many, a visit to the post office in the coming weeks won't be a one-time thing. Bowler said that while he was mailing early on Friday, he expects he will have to take more packages to the post office.
"My wife was up at 4:30 a.m. hitting Fred Meyer and the rest of the stores," he said.
Tony Carroll can be reached at email@example.com.
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WASHINGTON — The economy gained strength at the end of last year as Americans spent at the fastest pace in four years and U.S. companies sold more overseas.
The growth is boosting hopes for a stronger 2011. But it remains too weak to ease high unemployment.
The Commerce Department reported Friday that growth rose by an annual rate of 3.2 percent in the October-December quarter. That’s better than the 2.6 percent growth in the previous quarter. And it was the best quarterly showing since the start of last year.
The economy has now consistently picked up speed since hitting a rough path in the spring.
For all of last year, the economy grew 2.9 percent, the most since 2005. It was an improvement from 2009 when the economy suffered its worst decline in more than 60 years.
All told, the economy produced $13.38 trillion worth of goods and services last year, a new record. It surpassed the pre-recession peak reached in the fourth quarter of 2007.
Still, the economy isn’t growing fast enough to drive down unemployment, which was 9.4 percent in December. It takes about 3 percent growth just to create enough jobs to keep pace with the population increase. By some estimates, growth would have to be closer to 5 percent for a full year to drive down the unemployment rate by 1 percentage point.
Increased consumer spending was a key reason the economy grew more strongly. Americans boosted their spending at a 4.4 percent pace, the most since 2006. They spent more on furnishings, appliances, cars and clothes.
That’s largely why economists are more optimistic about the economy’s performance this year.


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- 1 min read
Railways may set up cyber crime cell to prevent misuse of ticket-booking software
The Indian Railways may soon set up a cyber crime cell to prevent the misuse of the automation software on its ticket booking website, sources said on Monday.
The Indian Railways may soon set up a cyber crime cell to prevent the misuse of the automation software on its ticket booking website, sources said on Monday. A committee has been constituted to explore the feasibility of setting up such a cell in the Railway Board, sources in the Indian Railways said.
The six-member panel consisting of senior officials from various directorates-- engineers from CRIS, computerisation and information systems, signalling and telecom, vigilance officer and security officials-- will submit its report to the board within three months.
"The committee has to basically prepare a blueprint for the board to set up the cyber crime cell. They have to recommend ways to induct persons with experience in handling such cases either on deputation or permanent absorbtion so as to eliminate scope of manipulation," the source said.
Last year, the railways had informed Parliament that it had asked the Ministry of Electronics and Information Technology to block 19 websites over concerns of misuse of the automation software on www.irctc.co.in.
The complaint came close on the heels of a Central Bureau of Investigation (CBI) staffer's arrest for running an unauthorised IRCTC ticket racket with travel agents.
The accused used an illegal software to simultaneously book more than a thousand tickets through one portal.


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In April, League City officials had a grim view of how much sales tax revenue the city would collect throughout the rest of the year, but actual dollars coming into the city are better than what was originally budgeted in September 2019, according to data from the state comptroller.
According to data released July 8, League City collected $2.5 million in sales tax revenue in May—about $700,000 more than the $1.8 million city officials projected as of May 1 to collect for the month of May.
The $2.5 million is even better than officials expected before the coronavirus pandemic hit. In September 2019, sales tax revenue for May was budgeted at $2.2 million, about $300,000 less than what the city actually collected.
After the COVID-19 pandemic hit, League City officials expected residents to spend less, resulting in lower sales tax revenue. For at least a couple months, they were right: Sales tax revenue was $2.5 million in March as compared to a budgeted $2.7 million, and sales tax revenue for April was about $15,000 short of the $2.1 million budgeted.
According to city projections, the city was expected to bring in less sales tax revenue each month than budgeted up until September.
The city released two projections in April that were more optimistic than the May projection: One forecasted $2 million in sales tax revenue for May, and the other, $1.9 million.


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When the city Planning Commission meets Thursday afternoon, members will be taking on some work they’d rather not deal with, at least right now.
Although John Rahaim, the city planning director, has asked the Board of Supervisors to hold back any proposals to change the rules regarding chain stores until a citywide study can be completed later this year, that’s unlikely to happen.
Supervisor London Breed already has refused to delay her effort, which is on the commission’s agenda, to bar even more retail stores from the Hayes Valley shopping area in her district, with an aide arguing that she’s proposing a very specific measure applying only to that one city neighborhood.
And that’s the problem. City supervisors and commissions already have about nine separate measures circulating that would change the city’s “formula retail” rules for business districts across San Francisco, with most designed to preserve an individual neighborhood’s unique character.
But Rahaim’s concern it that a mishmash of rules and definitions, each pertaining only to one small part of the city, would be an enforcement nightmare and make it harder for merchants wanting to move their businesses into the city to know exactly what rules they have to obey — and where. For a broader look at the concerns, click here.


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Xiaomi already confirmed that it will introduce Xiaomi MIX Fold 2, Xiaomi Pad 5 Pro 12.4″ and Xiaomi Buds 4 Pro at the Lei Jun’s annual speech tomorrow, August 11th. Today, the company has confirmed that it will also introduce the Redmi K50 Extreme Edition powered by Snapdragon 8+ Gen 1 at the event.
The company has posted the official images of the phone that confirms 108MP rear camera, even though some rumours said that it will feature a 200MP camera. It is said to be Samsung ISOCELL HM6 sensor.
The phone will have an improved cooling solution, offering the best performance in the K series, and has a deep-curved AG glass back offering a premium look.
The company also confirmed 120Hz screen and 120W fast charging for the phone. This should be a FHD+ AMOLED screen. Earlier rumours revealed 8GB+128GB, 12GB+256GB and 12GB+512GB variants, and a 5000mAh battery.
We should know all the details including the price of the phone when it goes official tomorrow.


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Canada Goose is trading today on the TSX for the first time.
Shares in the Canadian company, known for its $900 parkas, are currently trading at $15.00 a piece. The company had projected the shares would trade from $14-$16 a piece.
The outerwear manufacturer is trading under the symbol GOOS in Toronto and New York.
Peta to buy shares
Animal Rights group PETA announced on Tuesday it would be buying shares in the company. PETA and other activists protest the coat manufacturer for its use of coyote fur and goose feathers.
PETA plans to buy “the minimum amount [of shares] required,” to speak at the company’s annual meetings and to submit shareholder resolutions to ask the company to stop using animal products in the jackets.
The Oakville Sun has contacted PETA to confirm if it has purchased the shares, but at time of publication had yet to hear back.
Canada Goose was founded in Toronto 60 years ago by Sam Tick. It was originally known as Metro Sportswear Ltd. and specialized in woollen vests, raincoats and snowmobile suits, according to the company’s website.
History of The Canada Goose Parka
The famous down parkas originated in the 1980s. They were originally manufactured for scientists in the Arctic.
In recent years, the down coats have hit the streets of major cities.
They have been made internationally famous sported by Kate Upton on the cover of Sports Illustrated and worn by James Bond, played by Daniel Craig, in the the 2015 film Spectre.


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Mobile shopping service Sift has closed on $2 million in seed funding, the company is announcing today, alongside its launch on iPhone. The startup first emerged almost exactly a year ago as a way to leverage shopping data found in users’ inboxes, including daily deals emails, retailer promotions, and messages from flash sale sites, then turn those into a “shoppable” experience on the iPad. Since then, the company has expanded beyond email data, to allow users to shop products from roughly 3,000 retailers, too. And today, Sift is expanding again. In the new mobile app, Sift is introducing a social shopping feature called Shopping Circles.
The funding round of $2 million is a total raise to date, which includes an additional $1.5 million closed last week, led by DN Capital. This new funding also sees participation from previous investors Tandem Capital, Unity Ventures, Sand Hill Angels from its $540,000 angel round, and new investors Social Internet Fund, Future Perfect Ventures, Grey Corp, the CEO of NQ Mobile, Omar Khan, and others.
Saurin Shah, Sift co-founder and CEO, says he had the idea for the service from watching the way the women in his family shopped and used their iPads. Browsing was a form of entertainment for them, he found, observing how they would migrate from social apps like Facebook and Pinterest to retailer websites and elsewhere. But unlike on the desktop, shopping on iPad was not then an ideal experience, which is why they first began to work on Sift.
Today, Sift is hitting the demographic Shah had targeted – around 65% of users are women, ages 25 to 45. The users may or may not be married, but what they have in common is disposable income and a good-sized list of favorite brands. On average, Sift’s users shop between 30 to 50 stores. “It was really eye-opening…we didn’t expect that,” says Shah. “That’s a pretty surprising number.”
Now Sift, whose name derives from the fact that it “sifts” through user emails, has shoppers looking at five times more promotions and sales than they do in their email inboxes, claims Shah. That’s 70 to 100 promos per week, he says. He declined to talk about the number of users on Sift, or conversions, however saying it’s still early days for the product.
With the iPhone release out today (the iPad update is still a couple of months out), the company is introducing a social layer with Shopping Circles.
Here, users can add close family and friends, children, and others to the app, and receive instant recommendations about what those users might like. If their friends are also Sift users, those recommendations come from Sift’s understanding of a user’s taste, based on its analysis of their shopping patterns. But if they’re not users, it will instead make suggestions based on what other people are buying for people like them, more broadly speaking.
“In our early testing, this has been doing phenomenally well,” says Shah, of the new feature. “And with the holiday shopping season upon us, it just made a lot of sense,” he adds. In the future, an option to import wish list data from Amazon could also arrive, to improve the shopping suggestions. But more immediately, a feature which will let you browse through your purchase data to see suggestions of other items you might like based on what people who bought those items have also purchased, will arrive after the holidays.
Longer-term, the plan for Sift, which competes with PeeqPeeq and others, is to help retailers and other consumer and media companies connect with users based on their demographics and shopping behaviors. The company is already talking to some of these businesses now, but has nothing to announce on that front at this time.
The new version of Sift – now for iPhone, too – is here.
[Images: Getty, Sift]


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Clark County Vying For New Amazon Headquarters
Clark County officials are vying for Southern Nevada to be one of the top contenders for Amazon to name its new headquarters location.
The tech giant announced last week it is looking to make a $5 billion investment in construction and produce as many as 50,000 new full-time jobs.
The Las Vegas Review-Journal reports Clark County Commission Chairman Steve Sisolak is proposing to up the ante by forming a coalition with the Governor’s Office of Economic Development and others to persuade the Seattle-based retailer to land here.
The proposed coalition is scheduled to be considered at Tuesday’s commission meeting. Sisolak said the county is scouting for potential sites that would fulfill Amazon’s needs of building with at least 500,000 square feet and undeveloped sites of about 100 acres.