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The slump in prices of shrimp has resulted in farmers make no profit, many of them have to empty their ponds and wait for price to increase.
After just one week, the price of shrimp decreased by 50%, according to local farmers. Once 300,000 dong/kg for black tiger shrimp size 30 pcs/kg in the Tet run-up, it is now paid 130,000-150,000 dong/kg by traders, down 50%. If compared to the same period last year, the price of black tiger shrimps (depending on sizes) fell from 100,000 to 150,000 dong/kg. Prices of white leg shrimp on pond liner (size 100 pcs/kg) are ranging at 75,000-80,000 dong/kg (down nearly 25,000 dong/kg).
As of late Mar., 2020, provincial farmers stocked shrimps in 115,572ha with more than 1,800ha being damaged.
As forecasted, the price of shrimp will inch up since sales contracts signed by exporting companies and their foreign partners will be fulfilled as normal. The provincial Agriculture and Rural Development department will cooperate with relevant units to understand the situation and give recommendations of the stocking time and stocking density.
General Director of the Directorate of Fisheries Trần Đình Luân said that to help farmers overcome challenges, the provincial government must consider the ongoing demand, supply and prices of shrimp in markets so that a suitable plan can be produced. Distribution channels must be developed to boost the domestic shrimp market. Trade promotion must be carried out to introduce shrimp products in traditional markets and potential markets to boost consumption. Supply value and monopoly sales must be developed for sustainable shrimp industry and enhancement of Vietnamese shrimp trademark.


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The new look of Funny Girl features Lea Michelle, and viewers want to see the show. Funny Girl is the long-awaited game. It was only this year that it was supposed to arrive. Casting with current changes. Leah Michelle’s new look arouses curiosity from viewers. So when can we see Funny Girl?
Read ahead to learn more about the new look of Lea Michelle from Funny Girl.
Funny Girl with Lea Michelle
The story of Fanny Brice was one of the most popular stories in history. Therefore, the show Funny Girl received a lot of expectations from viewers. However, fans were very excited to find out that Lea Michelle will get the role in her drama. A new look has also been posted recently. There he could see Leah.
So, it raises the question of when will we be able to have a live stage with Leah’s appearance. So you can find details about your tickets and where to watch the show right here. Don’t miss out, Lea Michelle will be playing the role of Fanny Brice on the show.
Where can I buy tickets to Lea Michelle’s Funny Girl Show?
If you plan to watch the Funny Girl show live. Then you will need a show ticket. So you can have a ticket because it is already on sale. You can purchase tickets on the Seat Geek website. Ticket prices may vary depending on the selected date.
Another thing they look for, according to the website, is the selected dates and reserved seats. Tickets start at $49. Running time is 2 hours 40 minutes. A 15-minute intermission is included.
Beanie Feldstein left the show.
So far, the role of Fanny Brice has come to life on stage by Beanie Feldstein. However, after her performance was published on July 31, sad news spread through her social media. She revealed via her own Instagram that she was leaving her program.
But it’s always been special for Beanie to play Fanny. Her fans also loved her role so far. However, it was the production of the show that took her in a different direction when she decided to drop out.

domain: news


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A day after
touted its strong position at its analyst meeting, and in the wake of a three-month drop in its stock, an analyst upgraded the chipmaker's shares Thursday.
Deutsche Bank analyst Ben Lynch raised his rating on TI to hold from sell, noting that the stock has dropped 17% in the past three months to his $26 price target.
After trading as high as $26.10 earlier, shares of Texas Instruments were recently down 26 cents, or 1%, at $25.72.
Texas Instruments is now trading at "less egregious" multiples of 24 times his 2005 earnings estimates and 3.4 times his sales estimates, Lynch wrote. Based on the consensus estimate -- which he disagrees with -- the stock is trading at 19 times forward earnings and 3.1 times sales. (Lynch's firm has done investment banking with TI.)
"We believe continued healthy wireless demand, strength in DLP
digital light processors as well as continued pricing improvements, bode well for the company's 2Q and 3Q," Lynch wrote.
But he tempered those positive comments with a bleaker view of the chip cycle -- the subject of much
debate lately. "In the near term, we believe the market has discounted the risk of an imminent deceleration of the semi cycle," Lynch wrote.
Despite that outlook, Lynch praised TI for once again using its two-day analyst meeting to successfully showcase its management team, products, technology and strategy. On Wednesday, TI executives gave an optimistic outlook for the current quarter, citing strong demand for consumer and entertainment products. Lynch also highlighted the company's comments about its digital light processing and applications processor businesses.
However, the analyst believes the company's code division multiple access ramp is progressing only slowly. The company indicated that non-
CDMA sales will still represent a small minority of the company's CDMA revenue in 2005, while Nokia's CDMA share is expected to stagnate around the current 20% level, limiting upside potential, Lynch wrote.
Lynch is also skeptical of TI's ability to exceed former peak operating margins -- having achieved 22.8% in 2000 -- in this cycle. He is forecasting 2005 costs to rise $427 million above those in 2000, and 2005 revenue to climb $1.47 billion higher than 2000 levels. "While TXN may be delivering on the top-line, the company is lacking the leverage most investors assign to the company, in our opinion," he wrote.
Not all analysts shared Lynch's views of TI and the semiconductor cycle, however.
"While we have seen component inventory levels increasing, we believe they are only lifting off of an unhealthy base, which would have simply resulted in continued shortages if buffers are not rebuilt," Legg Mason analyst Cody Acree wrote in a note Thursday. "We see no evidence that inventories have now grown to unhealthy levels." (At Wednesday's meeting, TI Chief Financial Officer Kevin March said the company had increased its inventory to meet future demand for its chips.)
Acree reiterated his buy rating, saying he believes TI is the best-positioned large-cap chip stock for the remainder of the growth cycle. Contrary to Lynch, he expects revenue upside from growing market share and greater dollar content per system, as well as profitability beyond current forecasts, driven in part by a richer mix of products. (Legg Mason hasn't done banking with TI.)


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Pakistan allows Afghan trucks up to Wagah border
KABUL (Pajhwok): Pakistan’s Commerce Minister Khurram Dastgir Khan said that Islamabad would construct state of the art land ports at Torkham and Chaman border to facilitate movement of goods and bilateral trade with Afghanistan.
Inaugurating “Made in Pakistan” exhibition organized by Rawalpindi Chamber of Commerce and Industries here in Kabul on Wednesday, the minister said his country was seriously working on infrastructure development and road connectivity with Afghanistan which would help promote economic integration between the two countries.
He reiterated Pakistan’s resolve to intensify bilateral cooperation with Afghanistan in the areas of trade, culture and defense, a statement released by the Pakistani Embassy in Kabul quoted the minister as saying.
The government of Pakistan, he said under the leadership of Prime Minister Muhammad Nawaz Sharif was keen to enhance trade relations with Afghanistan.
The prime minister was encouraging Pakistani investors to invest in Afghanistan which would bring economic prosperity to both countries. The minister stated that Pak-Afghan Chambers of Commerce and Industries needed to take joint ventures by organizing such exhibitions in central Asian as well as other countries.
He offered his ministry’s all out support to Afghan traders to facilitate them in organizing such exhibition in major cities of Pakistan. He informed a separate Desk, for the facilitation of Afghan and Central Asian traders, had been set up in the Ministry of Commerce for Afghanistan and Central Region countries to resolve disputes related to trade.
The statement said that Khurram Dastgir khan, in his meeting with President Ashraf Ghani underscored that Prime Minister Muhammad Nawaz Sharif attaches great significance to Pakistan’s economic and trade ties with Afghanistan.
Dastgir apprised that since the visit of President Ghani to Islamabad, Pakistan has implemented the following main decisions to facilitate transit trade, allowing system based partial shipment of Afghan transit goods instead of manual processing, reduction in scanning of Afghan transit cargo from 100% to 20%.
Afghan trucks have been allowed to carry goods up to Wagah and on their way back, they can carry Pakistani goods for exports to Afghanistan, he said, adding that Pakistan Railways would carry 400 containers of Afghan transit cargo to Torkham and Chaman per week which shall be made operational later this year.
During his meeting with the Afghan President, the Minister for Commerce sought implementation of the following steps by the Afghan government.
He urged removal of financial guarantees on Pakistani goods in transit to Central Asia which are being charged at 110% of the customs duty.
The removal of tonnage fee at rate of $100 per 25 ton on goods which are in transit to Central Asia, expedite signing of a bilateral treaty to avoid double taxation that would facilitate investment in both countries.
He also stressed for issuance of Afghan multiple entry visas for Pakistan businessmen and skilled workers, lift of ban on transit of LPG via Afghanistan to Pakistan and initiation of talks on Preferential Trade Agreement between Pakistan and Afghanistan, providing enhanced market access to Afghan goods in Pakistani market and addressing the issue of smuggling.
The Afghan president promised multiple entry visas for businessmen on reciprocal basis and ensured to address other issues at the earliest.
The Minister reiterated that economic cooperation between Pakistan and Afghanistan has gained momentum during the recent months with enhanced dialogue, high level visits and confidence building measures taken by the governments of Pakistan and Afghanistan.
Afghan Acting Minister of Commerce Muzammil Shinwari, Pakistan’s Ambassador to Afghanistan Syed Abrar Hussain, President of Pak-Afghan’s Joint Chamber of Commerce and Industries, Khan Jan Alkozay, former President of Rawalpindi Chamber of Commerce and Industries, Dr. Shumail Daud Arian, and organizer of the exhibition, Khurshid Barlas also spoke the occasion.
Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.


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Amidst all the major announcements at its biggest event, the one that caught the eye was related to the Apple Watch . While the new Apple Watch Series 7 was the headline-grabbing act, it was the Watch Series 3 that made you sit up and take note. Why so? Because it's a four-year-old smartwatch and Apple will continue to sell it. It's an anomaly because Apple rarely keeps such an old product in its lineup.
Interestingly, Apple hasn't reduced the price of Watch Series 3. It is still selling for Rs 20,990 in India. Generally, Apple reduces the price of older models of its products when the newer ones come. Even last year when a lot of people were expecting the Watch Series 3 to be discontinued, Apple didn't do so.
Why the Apple Watch Series 3 matters?
Simply because it's the most affordable Apple Watch you can buy. It gives Apple a chance to get people into its ecosystem — more so to get them to buy an Apple Watch. Apple knows that once people get into its Watch ecosystem, it's incredibly hard to leave. Watch Series 3 is that product that is the ideal entry point for most buyers.
The next Apple Watch which is available is the Watch SE — a toned-down variant of Watch Series 6. The Watch Series 6, by the way, has been officially discontinued.
The Watch Series 7 meanwhile will be available in five aluminium case colours, including midnight, starlight, green, and a new blue and (PRODUCT)RED.
|Features||Waterproof, Call Function|
|Design||Rectangular, Curved Dial Design|
|Display||1.5 Inch (3.81 cm) OLED Display|
|Battery||Upto 1 Day battery life|
|Features||Call Function, Fitness Tracking|
|Design||Rectangular Dial Design|
|Display||1.5 Inch (3.81 cm) Display|
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Chas. A. Stevens would retain its current identity if Goldring Inc. succeeds in its bid to acquire the 102-year-old chain, executives of the companies said Thursday.
Stevens President John W. Lee II confirmed that Goldring`s had signed a letter of intent to purchase Stevens, but Lee would not disclose the offered price.
A sale would have to be approved by a bankruptcy judge. Stevens filed for Chapter 11 bankruptcy reorganization in June.
Goldring`s, based in New York, owns and operates 20 retail stores, including two Goldring`s stores in Louisiana and chains in mid-Atlantic and New England states. Sales are reportedly about $40 million. Most of its business is in moderate to higher-priced women`s wear.
''Chas. A. Stevens would fit exactly into the type of operation that we`re successful at,'' said Goldring`s Chairman Ivan L. Freidman. ''We would operate Stevens under the same trade style as it currently has.''
Lee said another small specialty retailer from the East Coast also has expressed an interest in a possible purchase of Stevens.
''We hope to have them in (to visit Stevens) by Friday,'' said Lee.''This next group is the final one unless there`s someone else I don`t know about.'' In addition, Stevens employees are continuing to negotiate to buy Stevens` Chas specialty stores, he said.
Reports that Goldring`s would offer $22 million for Stevens are incorrect, said Lee.
''They are not going to pay $22 million,'' he said. ''I had said that the offered price would compare favorably with the liquidation value. I said some time ago that if we sold all the assets I would like to get $22 million as a maximum amount, but that isn`t necessarily what the real liquidation value would be.''
Stevens submitted a proposed reorganization plan in bankruptcy court Oct. 19. Beginning in January, creditors and other parties will be allowed to submit alternative proposals.
''I`m in pretty close communication with everyone-the unsecured creditors, the bank, the judge,'' said Lee. ''I believe they would find this
(the Goldring`s offer) a favorable alternative. If it works out the way it sounds, I think it would be acceptable.''
Unsecured debts are ''in the $8 million to $13 million range,'' said Lee. He emphasized that the ''real value'' for potential purchasers such as Goldring`s is ''the franchise, the name.''
Said Lee: ''I have 120,000 to 150,000 active charge customers. That`s worth something. That`s a significant customer base that wants Stevens to continue. These people (potential buyers) have an interest in the strength of the franchise. They`re not buying Stevens for rent. They`re buying it for the name.''
Under Stevens` operating plan, the 9 remaining Stevens stores and 2 Chas specialty stores were projected to have sales of $39 million next year, said Lee. With a new operator, ''that sales plan would be different,'' he said.
''My motivation is to get the most money for the estate and to save the company,'' said Lee. ''I think I can do both.''


text: Signicat, a digital identity company, today revealed new analysis by P.A.ID Strategies that shows financial institutions are wasting at least €5.7 billion every year due to poor customer onboarding and abandonment. The analysis follows the release of Signicat's regular report into the state of financial services onboarding, The Battle to Onboard 2020. This year's report was the worst for the industry since it debuted in 2016, with 63% of consumers in Europe abandoning financial applications in the past year. This is a sharp increase of 23 percentage points from the abandonment rate in 2019. To understand the financial implications of such a high abandonment rate on institutions' cost of acquisition, Signicat commissioned specialist research firm P.A.ID Strategies to build a model using primary data from European banks and the abandonment rate uncovered by the Battle to Onboard survey. According to the model, around 120 million new accounts will be opened across Europe this year. Signicat's Battle to Onboard research shows that 63% of people abandon an application. By making conservative estimates of the cost of customer acquisition including advertising, sponsorship and promotion, personnel wages, and customer support-and allowing for multiple applications by the same person, P.A.ID Strategies conservatively estimates that at least €5.7 billion is wasted each year. “Customer acquisition is a hot button issue right now-some new banks are especially keen to reference their figures to prove to the market how well they are doing,” said John Devlin, founder, P.A.ID Strategies. “But much of that spend is wasted. Consumers will simply abandon processes that they see as too challenging, problematic or intrusive. Without dealing with this last hurdle in customer acquisition, the financial services market is squandering billions every year.” “As a result of the pandemic, onboarding customers digitally, securely and seamlessly is vital for organizations to continue doing business,” said Asger Hattel, CEO, Signicat. “Billions are spent on clever marketing and compelling products every year by the smartest people in the business-and it works, with millions of potential customers starting applications for financial products. Yet it is vital that the industry takes note of where they can improve the onboarding experience, in order to turn these applicants into actual customers.” For fully digital customer onboarding in the financial services industry, the following steps are usually required: identity verification, validation of identity information (such as screening against sanctions lists to comply with KYC and AML regulations) and electronic signing for terms and agreements or contracts. Digital onboarding is possible in all European countries also in the regulated industries by leveraging verified digital identities – also known as eIDs – or solutions that combine biometrics – selfies or video interviews – with reading of physical ID documents. This can be combined with legally-binding electronic signing, meaning there is no need to print and scan or send any documents, or visit a branch to open the account. Banks that provide onboarding in a single workflow enjoy higher conversions and better return for their marketing investment.


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Elon Musk, the new owner of Twitter, is critical of Apple’s App Store guidelines and tax regulations. Elon Musk, the CEO of Tesla, said that Apple had halted advertising on Twitter and had removed it from the App Store without providing any explanation. Musk alleges that Twitter was under pressure from Apple over its content moderation standards. Many of Musk’s supporters and followers started a Twitter campaign in support of “free speech” in response to his remarks.
Twitter’s new moderation policy to safeguard “free speech” may be the reason Apple purportedly threatened to “remove” the social media platform from the App Store, according to tweets and Elon Musk’s remarks. Apple has threatened to delete a software from the App Store in the past, however it has not yet confirmed these reports.
For instance, it delisted Parler, a Twitter substitute, from its App Store after the unrest at the US Capitol Building at the beginning of last year. The app was reinstated in May 2021 when Parler revised its content and moderation procedures. Similar claims are made by Lbry, who asserts that Apple instructed the business to “limit some search phrases.” The business claimed, “Apple may make good products, but they have been opposed to free speech for some time.”


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Job Simulator and Rick and Morty Simulator: Virtual Rick-ality developer Owlchemy Labs was acquired by Google for an undisclosed amount, the company announced today.
The Austin-based startup shared the news via its blog, calling it a “a REAAAALLY BIG day for Owlchemy.”
“Since we began our explorations in VR, one of our main goals was to push the medium forward as a whole,” Owlchemy co-found Alex Schwartz told Polygon. “Building killer content for everyone is a great way to push VR forward and Google shares this vision. With Google, we feel like we can advance the industry and solve tough problems together.
The blog post was light on the practical details, including the timeline of incorporating Owlchemy’s 23 employees into Google. But we did learn Owlchemy won’t be forced to just create VR experiences for Google’s own Daydream mobile VR platform.
“We’re free to build multiplatform because that’s what Owlchemy is at its heart,” Schwartz said. “It’s part of our core strategy to be everywhere and we won’t be changing that.”
Owlchemy’s first VR title, Job Simulator, was a launch title for the HTC Vive and PlayStation VR headsets, and came to Oculus Rift when the headset added its Touch controllers. Virtual Rick-ality, a VR game based on the twisted world of cartoon Rick and Morty, came to Oculus Rift and the HTC Vive last month.


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Tesla CEO Elon Musk announced today via
Tesla CEO Elon Musk made the announcement as he flew to China to break ground on the Tesla Shanghai Gigafactory.
According to the CEO, Tesla will be “aiming to finish initial construction this summer, start Model 3 production end of
Tesla China on Mad Max Mode
Tesla’s plan to start local production in China accelerated after Elon Musk’s stealth visit to China on April 25, 2017. Things slowly gathered pace in 2018 after the Chinese government announced early last year that it will lift ownership restrictions that forced foreign manufacturers into Joint Ventures.
During his three day visit in July 2018, Musk signed a preliminary agreement with the Shanghai government to build Tesla Gigafactory in China. But things went into overdrive in the last three months, culminating with today’s groundbreaking ceremony.
April 2014: Tesla starts selling Model S in China. China’s high import duty and related tariffs increase imported Tesla Model S price by more than 40%.
April 2017: Elon Musk meets Chinese Vice Premier Wang Yang,
second-in-command to president Xi Jinping, in Beijing.
April 2018: China removes a key restriction that forced auto manufacturing companies into joint ventures with local partners.
July 2018: Elon Musk meets with Chinese Vice-President Wang Qishan.
Signs preliminary agreement with the Shanghai government to build Tesla Gigafactory in China.
August 2018: Shanghai government acts as a middle-man in negotiations with at least four state-owned banks to secure funding for Tesla’s manufacturing plan. Reuters reports that Tesla has started hiring in China, and the company was looking to fill 14 roles, including architectural designer and senior finance manager for its Shanghai Gigafactory
September 2018: Tesla Shanghai’s registered capital increased from 100 million yuan to 4.67 billion yuan, an equivalent of $680 million.
October 2018: Tesla signs an agreement with the Shanghai government to buy 864,885 square meter plot in Shanghai’s Lingang area, 47 miles from Shanghai.
December 2018: The Mayor of Shanghai visits Tesla site in Shanghai, says Tesla has completed leveling the land and construction of Gigafactory 3 is all set to begin soon. G3 is “expected to be partially put into operation in the second half of next year.” he said.
January 2018: Elon Musk joins Chinese officials for G3 Groundbreaking ceremony in Shanghai, China. Announces production of affordable Model 3 to begin later this year and volume production next year.
Tesla Gigafactory in China: Impact of Trade War
The United States and China, the world’s two largest economies are locked in a bitter trade war. Though the game of one-upmanship is in suspended animation, no one in either administration knows where things are headed over the long term.
China’s decision to increase import tariffs wreaked havoc on Tesla’s sales in China which declined by nearly 27% in the third quarter of 2018.
Though Tesla managed to get closer to its sales guidance of 100,000 units of Model S and Model X in 2018, the electric car maker cannot afford to risk the future of its high volume sedan, Model 3, in the world’s fastest growing electric market.
The only way to insulate its products from import duty is to build them locally and the on-going trade war accelerated Tesla’s China plan from ‘lets start building in few years’ to ‘let’s start building something this year.
Why build higher cost Models in United States?
Though Tesla wants to start building cars in China as early as possible, the company will need plenty of time before it can crank up the production volume.
Tesla took nearly 18 months to increase Model 3 production from a
The decision to hold back production of higher-end versions in the United States allows the company some wiggle room to play with its margins.
Tesla will be in a better position to absorb import tariffs and transportation costs on high margin (higher-end) models compared to low margin (lower-end) models.
This allows Tesla to balance its production capacity with demand and more importantly it will help Tesla save some money without sacrificing volume.


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Continental, one of the world’s largest producers of components for passenger and commercial vehicles, is under increasing pressure from auto manufacturers to increase operational efficiency and visibility.
For more than 20 years, the Business Roundtable, a lobbying group consisting entirely of chief executive officers, has maintained that the primary mission of corporations is to serve the interests of their shareholders. Now the group wants the world to believe that it values other fundamentals as well.
Political turmoil in the United Kingdom over the terms of the country’s withdrawal from the European Union — Brexit — has injected great uncertainty into the plans of companies doing business there. U.S. retailers distributing throughout the EU from the U.K. are especially affected.


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According to websummit.com, Kyiv is ahead of many European cities, including Dublin, Milan, Zurich, and Copenhagen.
The Startup Ecosystem 2021 report called Kyiv a solid hub for startups in software and data, marketing and sales, and food technology. More than 250 companies are already working in these three sectors in the capital of Ukraine.
The data of the National Bank of Ukraine also testify to outstanding prospects: in 2020, the export of information technologies of the country increased by 20%. This increase of US $853 million over the same period last year brought total annual exports of software and other IT products to the top of the US $5 billion mark for the first time.
According to the Ukrainian Technological Ecosystem, its IT sector is growing five times faster than the global average (4-6%). There are 5.000 IT companies here, employing 250.000 developers.
If we talk about the start-up sector, then according to the 360 Tech Ecosystem Overview, about 1.700 companies produce technology products and 533 service companies in Ukraine. Most of them are located in Kyiv.
According to AVentures Capital's annual Ukrainian technology investment industry survey, a record high US $571 million was invested in Ukrainian or Ukrainian-based technology companies. It was a combination of venture capital and private equity combined.
World giants open their offices in Kyiv: Google, Apple, Reddit. In October 2021, an office was also opened by the developer of logistics solutions from Tel Aviv — the company Bringg. And on November 30, the top management of Apple came to Ukraine for the first time. These facts testify to the enormous potential of Kyiv in the field of IT.


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As Tech Billionaires Back African Startups, A Novel Push Taps Local HNIs
Barely a week has passed since the world got to know that the richest man on the planet, Jeff Bezos, has thrown the weight of his personal VC fund, Bezos Expeditions, behind an African startup.
The recent development sees Bezos take a spot on the cap table of an African startup, having participated in Chipper Cash’s USD 30 Mn Series B round. Founded in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, Chipper Cash is enabling P2P payment services in seven African countries.
And by backing the startup, Bezos became the latest entrant into what has quickly become a high-profile list of high-level tech billionaires and CEO who, through their actions, have portrayed some form of interest in African tech, and some of whom have demonstrated intent by going as far as backing African startups.
That list has big tech names like Facebook’s Mark Zuckerberg, Microsoft’s Satya Nadella, Alibaba’s Jack Ma, Google’s Sundar Pichai, Twitter’s Jack Dorsey, and most recently, Amazon chief, Jeff Bezos. Better late than never, eh?
Big tech courts the big continent
On one hand, the interest and investment from these global tech leaders, who also happen to be some of the world’s wealthiest people, bodes well for the African tech scene.
In many ways, it’s an endorsement that spotlights the potential of the continent not only as a market but as a repository for innovation, talent, and vision-driven startups with the chops to become world-beaters.
But on the other hand, the growing list of global tech billionaires that are betting on African startups also amplifies a contrasting situation on the local front: the apparent apathy and indifference of Africa’s richest people towards local tech ventures.
Simply put, it’s the foreign billionaires who seem sold on African tech while locals who fit the high net-worth individuals (HNIs) profile seem to not be as enthusiastic.
Old money looks the other way
Besides the fact that much of the capital that fuels African tech is foreign-sourced due to insufficient local funding sources, African billionaires and HNIs largely continue to display a very small appetite for tech startups.
In fact, significant investments in the local scene from global tech titans like Facebook CEO, Mark Zuckerberg, have done little to get “old money” flowing into the ecosystem.
Time and again, this sort of foreign investment has given a ringing endorsement to the African tech scene. But it has done little to loosen the purse strings of Africa’s super-rich class who command a deep but yet-untapped funding source. And the reason for this may not be far-fetched.
Unlike the global trend where six out of the world’s ten richest people amassed their fortunes through tech — and also have significant equities in several tech businesses — Africa’s wealthiest individuals are holders of the so-called old money.
The continent’s richest people are mostly industrialists and tycoons who built their fortune from traditional asset classes like the oil industry, banking, real estate, and other commodities.
Indeed, only one out of the ten richest people on the continent grew rich from a business that is not exactly tech but is perhaps the closest thing to a technology service business owned by an African billionaire. That would be Egypt’s Naguib Sawiris’ who’s cut it in the telecommunications industry.
As such, the unfamiliarity and uncertainty of African billionaires with the asset class that is tech startups might be keeping them away from tech.
However, sparing a moment to look past the problem and propose possible panaceas for both the funding gaps in African tech and local HNI disillusionment, it turns out an elegant solution may already be taking shape in Africa.
Reimagining venture funding
Thanks to a new crop of African startup funding conduits that are democratising venture funding by unlocking previously out-of-the-equation funding segments, African startups are now able to get the sort of backing that was unavailable in the past.
Such new funding conduits as rolling funds and are making micro-limited partners (micro-LPs) out of individuals in the high net-worth, upper-class, and upper-middle-class segments of the economy.
Although the continent’s super-rich class made up of dollar billionaires in the elite category may still hard to reach, enabling other HNIs and reasonably wealthy persons to participate in profitable venture funding while solving some of the continent’s biggest problems is certainly a win for everyone.
One such novel funding initiative is the effort from Future Africa which recently announced investments in 9 African startups in the third quarter of 2020. The fund invested USD 1 Mn across these startups.
Co-founded by tech entrepreneurs Iyinoluwa Aboyeji, Olabinjo Adeniran, Adenike Sheriff, and Chuba Ezekwesili in 2019, Future Africa’s latest investments include fresh and follow-on funding for startups across fintech, health, service, and remittances subsectors. Future Africa says its portfolio now holds a total of 35 startups.
The firm also says it is pioneering new venture models in Africa by pooling funds from Future Africa Collective; a syndicate for angel investors, Future Africa Rolling Fund; an investment subscription product, and the Future Africa Fund; its own fund.
Switching up the model
Currently, Future Africa Collective boasts an existing syndicate of 125 angel investors. To simplify, the Collective is its community of co-investors who fund African startups.
That is, the initiative gives members the opportunity to invest in African startups alongside Future Africa on a deal-by-deal basis through investment syndicates. It’s like funding startups through a pool of capable, willing, and vetted persons.
Basically, such new initiatives collectivize the process of funding startups, up to the point where people with the pocket depth and the background can invest as individuals with the firm coordinating the process.
And the reception has been quite impressive since inception as deals from these sorts of initiatives are typically oversubscribed within minutes. In fact, just two days ago, on November 23, Future Africa Collective announced a new record: deal closed in 20 minutes and oversubscribed.
Another similar initiative, a rolling investment fund christened Nkali Fund, which was unveiled in August by Nigerian tech veteran, Victor Asemota, saw a similar rush.
This speaks to the availability of individual-borne pro-startup capital that has stayed latent for far too long. And this reimagined cum reinvented model might be the best shot at getting more African HNIs into venture funding.
Also, as high-profile exits begin to manifest (as in the much-celebrated recent deal that saw Silicon Valley’s Stripe acquire Nigeria-based Paystack), the scene appears to be getting more attractive. And it can be expected that this will encourage the increased participation of historically latent funding sources.
Update: A comment previously attributed to Olabinjo Adeniran of Future Africa in an earlier version of this article has been withdrawn to avert misunderstanding and misinterpretation.
Featured Image Courtesy: Joe Cummings/Financial Times


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My boss, WCIT President Eric Schinfeld, was in DC this week…coincidentally (?) at the exact same time that the federal government shut down. I’m not assigning blame or anything, but strange that he arrives and Congress immediately stops working. I mean, I know he likes to have people’s undivided attention, but that is a little too far…even for him.
The government shutdown is impacting a lot of people in a lot of ways, but as trade nerds (I say that in the most loving way) I’m sure the most burning question you have is “how will the government shutdown affect TTIP & TPP negotiations?” Luckily for you, your favorite State of Trade Blog has the answers!
Timing-wise, TPP is working to wrap up negotiations, while TTIP is just gearing up, so the shutdown comes at a vital time for both negotiations. The good news is that, even though USTR’s staff is reduced to only 25%, chief negotiators are still attending the TPP meetings in Bali this week and plan to attend the TTIP negotiations in Brussels next week. Breaking news UPDATE: USTR has canceled their trip to Brussels.
As loyal State of Trade readers know, these two trade deals are immensely important to Washington’s trade economy – and if they pass, it would mean free trade with many of Washington’s top trading partners. TPP and TTIP would considerably expand the market for Washington products and services, in turn creating jobs and growing our economy. The trade deals would also enable manufacturers and retailers to improve the efficiency of their global supply chains, creating jobs here at home and empowering consumers with a wider variety of choice in the marketplace and lower cost of living. Finally, TPP and TTIP would benefit Washington’s tourism industry by making it easier for foreign tourists from these countries to visit our state.
So what’s going on with the negotiations?
The meeting of TPP chief negotiators and trade ministers began October 1 in Bali, ahead of the APEC forum that begins today (October 5th). While U.S. Trade Representative Michael Froman is encouraging negotiators to near conclusion, last month Chilean officials announced that only six of the over two dozen chapters in the agreement have been closed, with the more controversial chapters still unresolved. For example, intellectual property rights (IPR), environmental commitments and rules for state-owned enterprises (SOEs), among many others, have apparently not been resolved. However, House Ways and Means Chief International Trade Counsel Jason Kearns stated in a recent interview that negotiators are thinking about tradeoffs on the difficult issues, meaning the end of the negotiations could be nearing. That said, it’s still looking less and less likely that a TPP deal will be officially concluded by the end of the year, especially if Korea – who has announced their intention of joining TPP – ends up entering the negotiations at this late date.
As for TTIP,
the second round of negotiations will take place October 7 – 11 in Brussels. Negotiators are expected to work on finalizing the scope of the trade deal and begin delving into some complex issues, particularly regulatory cooperation for the priority sectors of chemicals, pharmaceuticals, medical devices and automobiles. UPDATE: As for now, TTIP negotiations have been put on hold due to the shutdown. Ambassador Froman and EU Trade Commissioner Karel De Gucht met earlier this week to discuss the upcoming negotiations and both announced their commitment to creating horizontal (cross-sectoral) rules for regulatory cooperation. Froman suggested that the three basic principles of transparency, participation and accountability could apply across all business sectors and improve cooperation between the U.S. and EU.
Since the news is frequently changing with regards to the shutdown and its implications for trade policy, we will keep you updated. Which reminds me, State of Trade readers: make sure you follow us on Twitter for the most up-to-date announcements and breaking trade news! That way you’ll never miss out on WCIT’s insights or important trade policy news, especially as important negotiations like TPP and TTIP (and TPA, but that’s another story…) are heating up.


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Ever wondered how much water your shower uses? Or the impact of throwing away your food?
Google launched a new tool on Friday with the California Academy of Sciences, called Your Plan, Your Planet, which hopes to help you answer precisely those questions.
The interactive tool covers three areas: energy, water, and food usage. It asks questions about your usage on everything, from the length of your shower to how many hours a day you keep lights on in your home. It then uses that information to determine your annual use and provide tips for more efficient use.
For example, washing your clothes in hot water uses ten times the energy of washing in cold. A person who does three loads of laundry per week in hot water uses 708 kilowatt hours of energy annually, creating the carbon dioxide equivalent to driving a car for 18 hours. The same number of loads washed in cold uses just 62 kilowatt hours of energy annually, equivalent to driving a car for two hours.
The average American family uses 300 gallons of water each day—enough water to fill three swimming pools in a year. And showers are one of the big culprits: a 10 minute shower uses over 9,000 gallons of water in a year. That could fill 31 hot tubs.
Food waste is also a major problem. Food production uses more than two-thirds of the world’s water and accounts for almost one-fourth of carbon dioxide equivalent use. To offset this, the tool outlines a number of food storage tips that will help maximize the lifespan of the items you have in your fridge.


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Wilton Drive, the heartbeat of South Florida’s LGBT community, will be alive this weekend as “Shop & Play Wilton” takes place, offering patrons and customers a Saturday Sidewalk Sale amidst five days of great deals and discounts on everything from food and clothing to professional services and alcohol.
Many businesses have announced extended hours. Parking is free until 8 p.m. on Saturday, thanks to the City of Wilton Manors. (City lots offer free parking daily until 6 p.m.)
The “Shop & Play Wilton” initiative is a collaborative effort by Hotspots Media, the Greater Fort Lauderdale Gay & Lesbian Chamber of Commerce (GFLGLCC), and Wilton Manors Business Association (WMBA), aimed at helping the LGBT businesses adversely impacted by a slow summer and Hurricane Irma.
“We are urging South Florida’s gay community to come out and enjoy the festivities — and the deals — being offered by the bars, stores, restaurants and all the other businesses who help to make Wilton Drive the unique place that it is,” said Tim Moffitt, president of the WMBA. “They need our support and this is a great opportunity for us to come together in the spirit of community and solidarity,” he continued.
During the five-day event, there will be a special Happy Hour each afternoon at 5:30 at a different establishment (visit ShopPlayWilton.com for schedule). Patrons will be encouraged to stay on the Drive to enjoy great deals on dinner, shopping, cocktails and more. The main event will be a Sidewalk Sale on Saturday, Oct. 28.
“We’re thrilled to partner with other businesses and organizations along Wilton Drive to help encourage our community to come out and support this thriving area,” said Chris Rudisill, Executive Director of Stonewall National Museum & Archives. “Local businesses and organizations need your business now more than ever. Our museum space on the Drive provides us the opportunity to share LGBTQ history and culture with generations of people, and Shop & Play Wilton celebrates our community’s strength and commitment to support each other.”
Stonewall Gallery on Wilton Drive will be offering free T-shirts (while supplies last) and 30% off memberships in recognition of Shop & Play Wilton.
The community initiative, conceptualized by Hotspots Media Vice President Peter Jackson, came to life after he took the idea to Publisher Peter Clark, then to Tim Moffitt and Keith Blackburn, presidents of the WMBA and GFLGLCC, respectively. City Manager Leigh Ann Henderson soon supported the program.
Clark presented the idea to Mayor Gary Resnick and the Wilton Manors City Council who embraced the idea and agreed to extended free parking at city lots on Saturday until 8 p.m.
Shop & Play Wilton continues through Oct. 30. Visit ShopPlayWilton to get the latest updates.


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Is It Too Late to Buy Bitcoin in 2020? That’s Right, This Question Again
Is it too late to buy Bitcoin? This is perhaps the most frequently asked question every veteran member of the crypto community hears from people outside the industry. No matter if the price is on the rise or falling rapidly, people are still worried. Is it too late?
One thing is clear. If you wonder whether it is “too late” to buy Bitcoin, you treat it not as a currency, not as a technology, but as an investment. It can only be “too late” to buy Bitcoin if you want to make a profit on the purchase.
So is it too late to invest in Bitcoin? The short answer is “no.” The long answer is offered below, where we shall try to explain why Bitcoin can still be a lucrative investment.
There Are Not Enough Bitcoins for Everyone
Scarcity is one of the obvious price drivers. Unlike traditional currencies, Bitcoin has finite issuance. There will only ever be 21 million Bitcoins. Its scarcity will inevitably increase as more and more people use it.
Moreover, a 2018 study revealed that so far more than a third of Bitcoins were forever lost and beyond the possibility of recovering them and thus removed from the circulation. Thus we can surmise that scarcity will play a role not only as Bitcoin is being adopted en-masse but also as the network loses access to existing Bitcoins. To quote Satoshi Nakamoto: “Lost coins only make everyone else’s coins worth slightly more.”
“It is never too late to buy Bitcoin. It’s the ONLY asset in the world that is Unconfiscatable, Censorship Resistant Value Transfer and Store of Value due to its hard money property and less than 1% of the world is aware of this,” Tone Vays, derivatives trader and analyst, said to forklog.media.
Technology Underlying Bitcoin Is Evolving
The bitcoin blockchain is known for notoriously poor scalability. While traditional payment services can process thousands of transactions per second, the Bitcoin network can handle no more than several dozen. This was perhaps one of the more concrete gatekeeping factors for Bitcoin’s wider adoption as a means of payment and numerous initiatives were proposed within the community to mitigate it, including hard forks.
This long-standing issue was partially solved by Lightning Network, an off-chain solution on top of Bitcoin. While LN is still in early development stages and not without its own problems, it does allow users to send a near-infinite amount of payments per second.
Bitcoin Is a Protective Asset
Traditionally assets like gold were used as protective assets during periods of global financial instability. But it becomes increasingly clear that many investors have been using Bitcoin as another option for preserving value through tumultuous times and hedging their risks.
One could argue that Bitcoin and gold have much in common. Both are independent of governments, have a limited supply, and their price is formed solely by the market. There is undoubtedly some truth behind Bitcoin’s cheesy “digital gold” monicker coined by crypto journalists.
As people brace themselves for another global recession, to them Bitcoin increasingly looks like a much more reliable store of value.
“No, it’s not too late to sell fiat. Citizens are still on time to sell their colored papers and exchange them for hard money like Bitcoin. The fact that Bitcoin behaves like a safe haven asset when there is news that poses a threat or increased lack of trust toward the legacy economy, demonstrates the correlation between the value of Bitcoin and the loss of confidence in the current monetary system,” Alex Casas, social impact crypto-freak and CEO of Shelpin, said to forklog.media.
Breaking Down the Volatility Concerns
Volatility scares investors and so it should. But what’s interesting about Bitcoin is that its price grows in sharp bursts, after which a period of correction inevitably arrives.
Back in 2011, you could buy a Bitcoin for just $0.30. It’s price grew steadily over the next few years and reached $30 before dropping again to $5. This was the most rapid period of growth in Bitcoin’s history.
At the start of 2013 Bitcoin cost $15 but by December the price soared to almost $1,100. The very next month the price started falling sharply, eventually reaching $220 in 2015, after which the price started slowly climbing up once more. This could be the point of origination for “is it too late to buy Bitcoin?” questions as the price was getting steep enough to render Bitcoin no longer a casual purchase.
The most recent spike happened in late 2017 when the price quadrupled in a month and reached $20,000. After a sharp fall in 2018 Bitcoin was traded as low as $3,300 but once again shows growth dynamic today.
The main takeaways here are that examining the pattern may be more important than following the price. Like with any other asset, the rate of growth and growth potential are more important for an investor to consider than the current price.
Comparing to Bitcoin’s massive growth, the price drops during periods of correction are almost inconsequential. For instance, Bitcoin grew 2,000% in 2017, but even after it dropped during the ensuing correction the price was still 300% up, comparing to the start of the year. Throughout the entire history of Bitcoin, with every burst of price growth, those who bought it a few years prior benefited the most.
“Buying Bitcoin will be one of the hardest decisions you will ever make and within two years you will most likely be very upset that it took this long for you to make it, as you should have bought some yesterday,” says Tone Vays.
Every time the real winners in Bitcoin investment are those who did not sell their Bitcoins when it was expedient. This realization actually dawned upon the community early, spawning the famous Hodl meme.
Whether it is indeed too late to buy Bitcoin for you personally, depends heavily on which forecast you tend to believe. If your optimism is anywhere near that, showed by John McAfee or Tim Draper, it will not be too late to buy Bitcoin for a while.
Another important concern is “how to invest in Bitcoin.” Experts suggest that you make small but frequent deposits over time like you would with an actual piggy bank.
“Fiat money value is quite volatile against Bitcoin. Many people recommend selling small amounts of fiat every week/biweekly/monthly no matter the price. It is a good habit to hedge the risks imposed by this debt creation race,” says Alex Casas.
But perhaps the most on-point reply to the sacramental question was given by an anonymous Reddit user who said:
“Its 3:48 a.m. here so maybe wait a few more hours so it isn’t as late. But to be honest you can buy bitcoin at any time. The markets never close.”
Subscribe to our Newsletter<
- Bitcoin ATMs Operator Faces 30 Years in Prison for Money Laundering
- Chess Ex-Champion Garry Kasparov: Bitcoin is Natural Choice in Fight Against Human Rights Violations
- CipherTrace: Twitter Hackers Laundered Stolen Bitcoins Through Exchanges and Casinos
- Opinion: Trump’s Election Campaign to Trigger Bitcoin Pump
- Korea Imposes 20% Tax on Capital Gains From Crypto Transactions
- Former GlobalHell Hacker: The Attack on Twitter Is Way Bigger than Anticipated
- Antifa Threatened With Extremist Status: No Longer Thinks Bitcoin Is an Alt-Right Currency Antifa and BLM Will Make Bitcoin Edgy Again
- North Korean Hacker Group Lazarus Laundered Over 2,500 Stolen Bitcoins In May, Report


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By Charlie Loran •
Published: 12 Dec 2020 • 10:22
Amazon Created 5,000 Jobs In Spain During The Pandemic
RUMOURS E-commerce giants Amazon are set to build a new warehouse in Mallorca has sparked fear amongst already struggling independent business owners.
Afedeco Federation of Balearic Business Entrepreneurs president, Antoni Gaya claims, “This is something that has been talked about for a long time and if it happens it will make the situation even worse for local businesses.”
“Amazon doesn’t just sell to individuals, it also sells to professionals, such as electricians or plumbers,” explained Gayá, who is concerned that “local businesses will suffer if Amazon comes to Mallorca.”
Amazon currently has multiple warehouses on the Peninsula, however, the company refuses to confirm or deny whether it’s planning to open a base on the island of Mallorca.
The Government has not been made aware of any plans for Amazon to set up on the Island, according to a spokesperson who said the Government “will remain vigilant” and is prepared to oppose any efforts to open a branch of the online giant in Mallorca.
The Government’s main objective is to digitise local commerce, which is something Gayá proposed months ago and asked the Executive, the Consell de Mallorca and Palma City Council to create a platform of local products and services.
The proposal hopes to ‘get in there first’ and create a new digital platform to support and encourage local independent traders and fend off competition from companies such as Amazon.
As the pandemic continues and more small businesses are forced to close, additional competition and threat is un-wanted and un-needed on the island, with one local business owner describing the online giants as ‘vultures’.
During times of such uncertainty, the EWN is encouraging its readers to Buy Local and support their community, this is a prime example of how if you don’t use your local businesses, you lose them.
This story is brought to you by @globalconsultingmallorca
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Our team of multi-lingual professionals provides comprehensive consulting services in the language of your choice; English, Spanish, German, Dutch or Russian.
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The seventh-generation Volkswagen Golf has received some sleek modifications, which the carmaker hopes will help the model retain its position as the best-selling compact car and help the company with its goal of surpassing General Motors and Toyota in worldwide sales. In 2011, global results revealed that GM was the largest carmaker in terms of sales with 9.05 million units, followed by the VW Group with 8.27 million vehicles, and Toyota with 7.95 million.
The VW Group is aiming to achieve 10 million in global vehicle sales by 2018. As for the Golf, it is facing an uphill battle against cheaper and premium models, as carmakers continue to suffer from Europe’s economic crisis and China’s sluggish growth. VW, however, managed to post record deliveries and higher profits, in contrast to its rivals who are struggling to achieve higher sales.
Analysts, however, remarked that the Golf may not be enough to keep VW on posting sales success. According to Stefan Bratzel, head of the Center of Automotive Management, the success of the new Golf is absolutely critical to VW's expansion targets.
He noted that the new version of the Golf will be competing in a tough environment. The seventh-generation Volkswagen Golf is expected to be fitted with features aimed at tempting consumers away from cheaper rivals made by Hyundai, Skoda and Seat as well as from models produced by PSA/Peugeot-Citroen, Opel, Audi, Mercedes-Benz and BMW.
VW has yet to announce the pricing for the new Golf, which will be sleeker and over 100 kilograms lighter than its predecessor, mainly due to the increased use of ultra-strong steel. The seventh-generation Volkswagen Golf is powered by a 140-hp gasoline engine that emits 112 grams of CO2 per kilometer, in line with European Union emission targets.


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nest protect Stories December 9, 2020
nest protect Stories July 4, 2020
Back in November, the Nest to Google Account migration began to improve 2FA security, as well as provide “seamless product integration” between smart home and Assistant devices. The Nest Protect wast not included in that initial transition, but Google in recent months has promised that the oversight will be addressed.
nest protect Stories April 4, 2018
As I mentioned a couple weeks ago, I’ve been Nest-ifying my house lately. First came the Nest Thermostat E, then came the Nest Secure, then came a couple Nest Cam IQs (still working on installing the outdoor model…), and this week I’ve topped things off with a Nest Protect.
I’m going to dive deeper into my experiences with Nest Cam and Nest Secure in forthcoming episodes, but this morning I felt compelled to write about the most recent addition to the group: Protect. Actually, I haven’t even “used” it, and that’s part of the point I want to make here.
nest protect Stories January 3, 2017
Nest Protect now integrates with GE appliances to detect cooking fires and shut off
First released in 2014, with a second generation available a year later, the Nest Protect is a smart fire alarm that works well with an ecosystem of third-party smart home devices. At CES 2017, GE announced a new integration that allows Nest Protect to detect fires in appliances, take measures, and quickly alert homeowners.
nest protect Stories November 23, 2015
Nest announces Black Friday promos for its Thermostat, Cam, & Protect smoke + CO alarm
Starting later this week you can expect some notable Black Friday deals on Nest’s rarely discounted smart home accessories. Leaked ads and early sales from major retailers have given us a good idea of what types of deals to expect from Nest, but now we’ve received the full lowdown:
- $50 off if you buy a Nest Learning Thermostat and Nest Protect, at nest.com
- $30 off Nest Cam at Amazon, Best Buy, Sam’s Club, Nest.com, & other retailers
- $50 gift card if you buy a Nest Learning Thermostat or Nest Protect at Amazon, Best Buy, Sam’s Club, Nest.com, & other retailers
All of the discounts are set to go live starting Thanksgiving day at 5pm PT and run until November 30 at 11:59pm PT.
Follow 9to5Toys throughout Black Friday to get up-to-the-minute news on the best deals.
nest protect Stories July 20, 2015
Nest Protect (2nd gen) now available in 5 new countries via the Google Store
The 2nd generation Nest Protect has only been available in Canada and the United States since its launch, but Google today added five new countries to the product’s availability list on the Google Store. As of today, customers in Belgium, Canada, France, Ireland, Netherlands, United Kingdom, and the United States (except Puerto Rico) can purchase Nest’s new CO2 detector.
In case you missed it, Nest unveiled the new Nest Protect last month, and with it comes a new split spectrum sensor to detect different kinds of smoke, a new smoke chamber to prevent false positives, new software features, and the opportunity to get a discount on home insurance. It’s available on the Google Store and from Nest.com for $99 (although currently out of stock through the former).
nest protect Stories June 17, 2015
Following the Nest Cam outed by Best Buy earlier today, Nest did in fact take the stage this morning to announce its new lineup of products. Besides the Nest Cam, Tony Fadell and company showed off the 2nd generation Nest Protect smoke detector, a new mobile app for Android and iOS that brings all of the company’s new products together, and more. Unfortunately, the company’s flagship Nest Thermostat didn’t get any hardware upgrades today… expand full story
nest protect Stories May 21, 2015
Logitech, maker of the popular Harmony series of remotes, announced in a blog post today that it is partnering with Google-owned Nest for deeper integration between their respective products. Logitech says that owners of the latest Harmony remotes can now have all of their entertainment devices automatically power off when a Nest Protect alert begins to sound.
nest protect Stories September 4, 2014
Shortly after Google acquired Nest, Tony Fadell’s company behind the smart thermostat and smart smoke/carbon monoxide detector, the company ran into a patch of unrelated issues with its Nest Protect product launched months earlier with reports of false alarms from many users and an issue with the ‘wave to dismiss’ feature touted as a key benefit of the product. A soft recall later followed remotely disabling the dismiss feature after a safety bug was discovered followed by a reduced price once it went back on sale.
While the ability to motion to dismiss an alarm is still disabled as the company works toward better implementing it reliably, current and future Nest Protect owners will benefit from new features delivered through a software update for the product. Steam Check, a feature that takes advantage of the device’s humidity sensor and an advanced algorithm, now allows the Nest Protect to distinguish smoke from steam by determining the presence of moisture. Steam from hot water shouldn’t be a reason to panic, and the Nest Protect says this feature will reduce the number of false alarms for users. expand full story
nest protect Stories June 16, 2014
Earlier this year, 440,000 Nest Protect smoke and carbon monoxide detectors were recalled following the discovery of a critical safety flaw that could accidentally deactive the system. Today, Nest has put the Protect back on sale at a reduced price of $99—previously $129. However, the “wave” feature that allowed the user to disable the alarm with a hand gesture has been removed.
In the blog post announcing the return of the Protect, the company boasted some of its safety statistics and recounted the story of one Nest Protect user who was alerted to the presence of carbon monoxide in his home by the device, which saved his life. Nest’s Doug Sweeny writes:


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Asia’s internet dating person continue to faces daunting obstacles.
Leo is actually a technology and customers merchandise consultant who has got covered the crossroads of structure block and Silicon pit since 2012. Their wheelhouse contains cloud, IoT, analytics, telecommunications, and playing associated businesses. Accompany your on Twitter for even more improvements!
Momo (NASDAQ:MOMO) , the Chinese techie organization that keeps two of the state’s greatest online dating applications, not too long ago published the first-quarter pay. Their sales dipped 3.4per cent seasons over seasons to 3.47 billion yuan ($529.7 million), missing estimates by $3.1 million. The adjusted net gain declined 14percent to 634 million yuan ($96.7 million), or $0.44 per advertising, which however overcome anticipation by $0.11.
Momo needs their money to fall 4.3% to 6.9percent into the next coin. That dropped in short supply of analysts’ goals for a 4% fall, and maintenance don’t incorporate any bottom-line recommendations.
Image supply: Getty Pictures.
Momo’s improvement charges take a look weakened, but the stock-still state-of-the-art bash report, possibly due to its gains beat. The reduced forward P/E rate of 7.7 may be position a floor under the stock, especially after it’s drop 70% of its value within the last three-years.
But is Momo regular really worth buying as a potential recovery gamble? Or should investors nonetheless swipe lead the so-called “Tinder of Asia”?
Just how Momo missed the strength
An appearance back once again at Momo’s decelerating improvement in the last 5yrs reveals precisely why the inventory offers crashed.
As soon as Momo moved community at the end of 2014, it made over 60 percent of its income from agreement charges on their namesake application. The Momo app permitted customers to locate relatives centered on her pages and venues, and remunerated consumers could unlock a whole lot more properties and incentives. It wasn’t clearly promoted as a dating software, nevertheless would be trusted for this goal. www.datingmentor.org/escort/ann-arbor With the remainder of the earnings came from promotion and the smallest mobile-gaming organization.
That all transformed in 3rd quarter of 2015, when Momo introduced a live movie loading program for its center app. The brand new function drawn countless new registered users just who purchased digital presents to aid their preferred broadcasters, as well as revenue and profit gains expanded somewhat throughout 2016.
Momo made 79per cent of its profits from its alive streaming companies that 12 months, which continuing raising in 2017. But between 2018 and 2020, three key challenges derailed it.
Very first, China’s alive movie loading marketplace turned saturated with newer opponents, many of which attempted to entice top broadcasters with good revenue-sharing agreements. Minute, Chinese regulators, anxious that they cannot censor real time clip rivers quickly plenty of, cracked upon the thriving business and banished numerous broadcasters. That suppression eventually required Momo and Tantan, small romance app it gotten during the early 2018, to suspend their particular business for a lot of days in 2019.
Last, individuals spent less cash on virtual items and premium subscriptions through the epidemic last year. As well, Momo enhanced the consumer purchase costs for Tantan, which meticulously resembles accommodate’s Tinder and is also clearly presented as a dating application.
Can Momo make a comeback?
About bright back, Momo’s every month productive owners (MAUs) on their primary software increased 7% spring over 12 months and 1per cent sequentially to 115.3 million in the first quarter of 2021. While in the discussion ring, Chief Executive Officer Li Wang linked that gains to a “robust recuperation pattern” inside Lunar new-year.
But its absolute having to pay customers across Momo and Tantan, without counting any overlap, nevertheless decrease to 12.6 million, when compared to 12.8 million in both the previous and prior-year quarters. Within that full-blown, their paying consumers for Tantan decreased 17% spring over year and 8per cent sequentially to 3.5 million.
Wang accepted Tantan had been experiencing the “low efficiency” of their very own cellphone owner order efforts, and streamlining those advertising price throttled the general consumer growth. Put simply, Momo’s want to diversify further real time video clips with Tantan has never panned out and about.
Meanwhile, Momo’s real time streaming income dipped 16per cent during the first fourth because of aforementioned obstacles nevertheless taken into account 57percent of its finest line. That fighting businesses could consistently offset the growth and development of Momo’s more paying attributes for the long run.
Wang stated Momo obtained to a “decent begin” in 2021, however still deals with long-term headwinds. Tencent’s WeChat, the most notable cell phone texting software in China with 1.2 billion MAUs, keeps an indirect challenger in online dating. Tencent likewise just recently created several online dating and live streaming software. Tighter censorship specifications in Asia also can consistently influence Momo and Tantan.
The cheaper for obvious reasons
Momo inventory may seem like a bargain, but it is cheaper as it must defeat such complicated challenges. Experts anticipate its earnings to keep almost level this current year as the tweaked pay drop 18per cent, but those dim predictions could often be as well upbeat whenever it is constantly on the drop paying owners.


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Why new digital identity guidelines are needed now
The Government Accountability Office (GAO) recently issued a new report calling for federal agencies to strengthen their online identity verification processes. The report was written per a Congressional directive following the Equifax breach two years ago. The purpose of the study was to describe federal practices for remote identity proofing and the effectiveness and risks associated with those practices. The study was done from Nov. 2017 to May 2019 and the outcome has important implications not just for the U.S. Government, but the private sector as well.
While the Equifax breach was the impetus for the report, the number of data breaches before and after continues unabated. In fact, according to the Identity Theft Resource Center, while the total number of data breaches last year was down by 23 percent, the total number of consumer PII (personally identifiable information) records exposed was up by a whopping 126 percent!
What this means, and what the GAO report correctly points out, is that the legacy method of identity proofing, known as KBA or Knowledge-Based Authentication, which relies on asking applicants seeking benefits or wanting to open an online account questions derived from information found in their credit files, is completely outdated and ineffective. Given the data breaches, it is impossible to assume that only a legitimate person would know the answers. One of the most troubling findings of the report though, is that even though most government agencies are aware that KBA is not reliable, they still rely on this technique mainly because guidelines on the use of alternatives are not well-defined.
Beyond calling for NIST (National Institute of Standards and Technology) and OMB (Office of Management and Budget) to issue new guidelines, the GAO report discusses some available alternatives that that can provide stronger security, but acknowledges that they all have their limitations. For example, verification of location and device and sending SMS codes are mentioned as alternative options, but one well-established technique of fraudsters is to manipulate or “spoof” phone numbers and redirect phone calls and SMS confirmation codes. Fraudsters are also able to take over existing accounts and change the associated phone numbers and email address. So analyzing location or device data alone will not suffice, never mind that people change locations and devices often enough that they leave many blind spots in the determination of one’s identity. Other alternatives such as sending PIN codes by snail mail and verifying documents remotely also have their limitations.
Evidence from the private sector shows that leveraging emerging capabilities that analyze online user behavior can help fill in the gap. It turns out that user behavior is in fact an untapped goldmine that can reveal the use of stolen and synthetic identity in the online application process. Through the use of artificial intelligence, the technology analyzes various cognitive attributes associated with data familiarity, application fluency and computer proficiency. Fraudsters will go through the application quickly, suggesting they have gone through the process many times before, while making mistakes that suggest the information they are entering does not belong to them. Legitimate users tend to do the opposite. Beyond improving the rates of fraud detection, the technology has also shown the ability to reduce the amount of cases that get sent to manual review, important for operational efficiency and “customer satisfaction.”
Behavior of course does not stand alone. It is part of a redefined digital identity that includes location, device, online profiles, historical patterns of online activity, involving multiple perspectives on who you are, what you know and what you have, the main cornerstones to strong customer authentication and identity verification. Behavior becomes a key part of this updated digital identity framework, which incorporates all these elements into a risk-based, deep learning model that will evolve and get refined over time.
As the Identity Theft Center 2018 data breach report aptly states, “The time has come for all of us — advocates, decision makers, and industry — to develop and use technology to our advantage and create systemic change. Thieves upgrade, update, communicate and leverage technology to perpetrate their schemes — why aren’t we?”
Frances Zelazny is Chief Marketing & Strategy Officer of BioCatch, a cybersecurity company that delivers behavioral biometrics to protect users and data. She provided testimony to the New York State Assembly’s banking committee in 2017 on cybersecurity threats facing the U.S. financial industry.


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Award-Winning Fast Casual Chain Offers Lucky Tea Freaks Chance to Win Gift Cards, Trip to Atlanta and Dinner with Corporate Chef
McAlister’s Deli, a leading fast casual restaurant, is celebrating its 25th anniversary this summer. Through Aug. 15, the award-winning chain will offer new, limited-time tumblers at all participating locations across the country. In addition, guests can enter McAlister’s 25th Anniversary Sweepstakes for a chance to win $25 gift cards and the grand prize — a trip to Atlanta and dinner with McAlister’s executive chef, David Groll.*
With the purchase of each anniversary tumbler, guests will receive a 25th Anniversary scratch-off ticket.** Twenty five lucky Tea Freaks will instantly win a $25 McAlister’s gift card. Guests can also enter online at www.facebook.com/teafreaks, where an additional 25 random winners will be awarded. All 50 winners will be entered to win the grand prize weekend trip to Atlanta.
“We want to thank our loyal fans across the country for supporting McAlister’s over the past 25 years by rewarding one lucky Tea Freak with the ultimate grand prize — the chance to taste new menu items in our test kitchen in Atlanta as well as dinner with our chef,” said McAlister’s Deli Chief Marketing Officer Donna Josephson.
Technomic recognized McAlister’s twice in its Chain Restaurant Consumers’ Choice Awards — in 2014 as the top kid-friendly fast casual chain and in 2013 as the top fast casual chain for food and beverage. Nation’s Restaurant News named McAlister’s the top limited-service sandwich chain in its 2014 Consumer Picks Survey. FastCasual.com also recognized the brand on its “Top 100 Movers and Shakers” list of 2014 and named McAlister’s President and CEO Frank Paci one of the “Top 25 People” in the industry to watch.
Founded in 1989, McAlister’s Deli is a fast casual restaurant chain known for its sandwiches, spuds, soups, salads, desserts and McAlister’s Famous Sweet Tea. In addition to dine-in and take-out service, McAlister’s also offers catering with a selection of sandwich trays, box lunches, desserts, a hot spud bar and more. With numerous industry accolades, the McAlister’s brand has more than 325 restaurants in 24 states. The company has corporate offices in both Alpharetta, Ga., and Ridgeland, Miss. For more information, visit www.mcalistersdeli.com.
* NO PURCHASE NECESSARY TO PLAY OR WIN A PRIZE. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. OPEN TO LEGAL RESIDENTS OF THE FIFTY (50) UNITED STATES AND THE DISTRICT OF COLUMBIA (EXCLUDING RESIDENTS OF PUERTO RICO AND US TERRITORIES AND POSSESSIONS) WHO ARE AT LEAST 18 YEARS OF AGE. VOID WHERE PROHIBITED OR RESTRICTED BY LAW. PROMOTION STARTS JULY 25, 2014 AND ENDS AUGUST 15, 2014. CHECK WWW.MCALISTERSDELI.COM FOR OFFICIAL RULES. Sponsor: McAlister’s Corporation, 4501 North Point Parkway, Suite 100, Alpharetta, GA 30022.
** While supplies last.


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Toyota has unveiled its i-ROAD concept three-wheeler at this year’s Geneva Motor Show proving that the carmaker best known for making dependable cars, the gas-pedal dark period notwithstanding, that your mother might buy can also produce vehicles that are more interesting than they are practical.
The i-ROAD, if it ever makes it to production, will be perfect for the skinny-jeaned, skinny-legged urbanite who needs a motorized vehicle for little more than shopping for clove cigarettes and making Starbucks stops. The Japanese automaker’s three-wheeler will fit this bill just fine. It carries two humans sitting in tandem and can go 30 miles on a single charge. According to Toyota, drivers do not need any special training to drive it due to the vehicle’s stability system that keeps the trike upright. Furthermore, being no wider than a normal motorcycle, it can be parked in all sorts of spaces.
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Uber offering free rides in M'yunk on big drinking night
Uber is setting up a Breathalyzer kiosk in Manayunk Wednesday night — one of the booziest nights in the year — and will offer free rides home worth up to $20 to anyone who wants one, the company says.
The company says the UberSMART kiosk will be set up in a highly trafficked area of the neighborhood, known for its bars and restaurants.
Party makers can blow into the Breathalyzer to see their blood alcohol level and Uber in turn will provide a ride home, regardless of blood alcohol level, the company says.
In Pennsylvania, by the way, you're drunk in the eyes of the law with a blood-alcohol level of 0.08 percent.


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The US consumer price index (CPI), a broad-based measure of prices for goods and services, was released on Wednesday, showing that prices rose 8.3% in April.
Officials hope soaring inflation might be slowing down, even as households continue to feel the pain, The Washington Post reports.
Still, inflation has been the single biggest threat to economic recovery, according to CNBC, as rising prices spread beyond the pump and grocery stores into housing, auto sales and a host of other areas.
Those price jumps “make clear that there is still a long way to go before inflation returns to more acceptable levels,” said Eric Winograd, U.S. economist at asset manager AB.
Even if it moderates, inflation will likely remain high well into 2023, economists say, leaving many Americans burdened by price increases that have outpaced pay raises. Especially hurt are lower-income and Black and Hispanic families, who on average spend a greater proportion of their incomes on gas, food and rent.


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Global – Stainless scrap values are currently ‘on the high side relative to primary raw materials’ and so there is ‘a high probability of a less attractive price environment during the third and fourth quarters’, concludes Joost Van Kleef, chairman of the BIR world recycling organisation’s stainless steel & special alloys committee.
Writing in the committee’s latest Mirror market summary, he describes the first six months of this year as ‘challenging’ for the recycling industry, not least because of ‘significant price volatility’. The second half of 2017 is expected to be even more difficult, partly because China ‘is again exporting its oversupply of stainless’.
During the second quarter, stainless steel mills’ demand for scrap was on a general downtrend in China, Taiwan, South Korea and Japan. At the same time, many of Asia’s stainless scrap suppliers are facing high material costs ‘and are in no rush to sell at a loss’, it is reported.
In India, meanwhile, the GST tax reform triggered a slowdown in trade this June but the country’s stainless steel scrap imports showed signs of improvement in July, with further growth anticipated for August. That said, domestic mills are under pressure to lower prices for their finished products and therefore have been ‘conservative’ in their scrap purchasing activities.
Elsewhere, order books for US stainless mills are reported to be ‘good and holding’ while the nation’s imports of finished materials are continuing to fall, ‘leading to anticipation of increased US product demand come the end of the summer period and into the fourth quarter’. However, margins against current supply commitments are described as ‘limited at best’.
This article is based on the latest World Mirror on Stainless Steel & Special Alloys produced by the BIR world recycling organisation for the benefit of its members.


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Today the FCC has posted a listing as filed by Motorola for a tablet that should be on its way to USA markets inside the year. That’s generally what happens when a device from a big company such as Motorola hits the FCC in such a manner, and with what can only be described as a near blackout of details surrounding the tablet device in the FCC listing here, we must assume that its top secret nature was found to be important enough by Motorola and the FCC to keep it hidden. We know a piece of the FCC ID, that being IHDP56MJ3, the serial number KFLC140080, and that’s about it. Motorola was the first group to be chosen by Google to run the very first tablet-based Android system as a hero – are they up to some sweet designs once more?
Though the Motorola XOOMho, the original Honeycomb tablet that is, will now be tossed down into a pile of bones by your average Android super hater, it remains a powerful customer in our still-new-to-dual-core mobile landscape. By the end of the year though we’ll have quad (and penta) core devices thanks to NVIDIA and their Tegra 3 (Kal-El) project. What will Motorola do then? They need more tablets! Here’s a tablet right here, look like a more than 2-core processor toting possibility?
Again, we cannot say, but here it is nonetheless. Meanwhile since we’re speaking about Motorola and updates, note that Motorola today tweeted that they’d be “releasing devices for ICS [Ice Cream Sandwich] 6 weeks after Google releases the final version of it.” What does this mean? It means that they’ve been in communication with Google on the release date, they know it, and they’re keeping it all for themselves! I can’t believe the nerve! In all actuality though, this is good news, as generally it’s taken much longer for devices to be released with a new Android version after release in the past. They still release devices with Froyo, for goodness sake!
Ice Cream Sandwich penta-core tablet around the corner!


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Step towards better ‘beyond lithium’ batteries
Astep towards new ‘beyond lithium’ rechargeable batteries with superior performance has been made by researchers at the University of Bath, UK.
An approach to develop batteries that store more energy is to use “multivalent” metals instead of lithium. In multivalent batteries, lithium would be replaced by a different metal that transfers more than one electron per ion. For batteries of equal size, this would give multivalent batteries better energy storage capacity and performance.
The team showed that titanium dioxide can be modified to allow it to be used as an electrode in multivalent batteries, providing a valuable proof of concept in their development.
For the study published in Nature Materials, the scientists, an international team from the University of Bath, France, Germany, Holland, and the USA, introduced defects in titanium dioxide to form high concentrations of microscopic holes, and showed these can be reversibly occupied by magnesium and aluminium; which carry more than one electron per ion.
Dr Benjamin Morgan, from the Department of Chemistry at the University of Bath, said, “Multivalent batteries are a really exciting direction for battery technology, potentially offering higher charge densities and better performance. New battery technologies are going to be more and more important as we wean ourselves off fossil fuels and adopt greener energy sources.
“We’ve shown a way to modify titanium dioxide to turn it into a multivalent electrode.In the long term, this proof of concept is a possible step towards “beyond lithium” batteries with superior performance,” added Morgan.


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Tamlite Lighting has invested over £250,000 in four new lighting showrooms in 2016. Each aligned to a specific end user, the showrooms will prove how cutting-edge LED lighting applications should be matched with unique business need.
Over the last three years, the company has spent over £4 million on product research and development. The new showrooms recognise the company’s commitment to improving the customer journey in tandem with product advancements.
Tamlite’s four new showrooms cover: Amenity, Emergency & Fire, Industrial, and Xtreme, the goal being to help specific buyers specify the lighting they need. Customers can define their requirements simply by recognising their sector and then they can rapidly seek out the bespoke lighting solution that’s right for them.


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Amazon has a sale on the green iPod nano 8GB (6G, newest).
The Countdown to Amazon Black Friday Deals Week sale is under way. Amazon offers 19 days of deals across almost all major product category including electronics, computers, video games, toys, smartphones, fashion and more. We are constantly scanning the Amazon Countdown to Black Friday 2011 deals and highlight each day the best ones we can find. Here is a great early Amazon Black Friday 2011 deal we just spotted.
Apple deals are hard to come by and most of them are around 5% off or less. 8% off on an iPod nano is already worth talking about. Amazon sells the iPod nano 8GB for $118.79 instead of $129. This sales price only applies to the green model. All other colors have much lower discounts. Get this iPod nano deal now on Amazon.com.
Find more early Black Friday Apple deals in our Black Friday Apple Deals Guide.


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Yesterday, San Francisco City Attorney Dennis Herrera and Supervisor Shamann Walton announced that they are introducing an ordinance to the Board of Supervisors that would ban all electronic cigarettes until they are officially reviewed and approved by the Food and Drug Administration (FDA). Since there is not a single e-cigarette on the market that has undergone such an approval process, the ordinance does indeed ban the sale of all electronic cigarettes in the city of San Francisco.
The reasoning behind the proposal is as follows: "Today we are taking action to protect our kids. By law, before a new tobacco product goes to market, the Food and Drug Administration is supposed to conduct a review to evaluate its impact on public health. Inexplicably, the FDA has failed to do its job when it comes to e-cigarettes. Until the FDA does so, San Francisco has to step up. These products should not be on our shelves until the FDA has reviewed the threat they pose to public health."
The Rest of the Story
This has to be one of the most insane public health proposals I have ever seen. This legislation basically says: "We care so much about the health of our kids that we can't allow e-cigarettes to remain on the market until they have a complete safety review. However, we are perfectly happy allowing cigarettes--which have had extensive safety reviews and been found to be killing hundreds of thousands of Americans each year--to remain on the market. Let us be honest. We care enough about our kids to take the politically expedient step of making it look like we are truly protecting their health by banning e-cigarettes, but we don't care about our kids so much that we want to actually protect them by removing from the market a product that we know is going to kill half of those kids who become addicted to it."
This is truly a political maneuver under the guise of a desire to protect children's health. Let's be clear. If the Board of Supervisors were sincerely committed to protecting kids, they would immediately remove cigarettes--the most deadly consumer product--from the market. Cigarettes are addicting and eventually killing more than 400,000 Americans each year. Yet you mean to tell me that in light of that, the Board of Supervisors wants to conduct a safety review for the fake cigarettes?
And what's the point of such a safety review? We already have a safety review of cigarettes and know that they are deadly. And in light of that, the San Francisco Board of Supervisors nevertheless feels perfectly comfortable allowing those products to be sold. Do they think that electronic cigarettes are actually more hazardous than cigarettes? Of course not. They know full well that e-cigarettes are far safer than the real ones.
Clearly, the reason why they want to ban the fake cigarettes but not the real ones is because they don't have the political courage to take the step that would most substantially protect the public's health. This is an easy opportunity to make it look like they are totally committed to protecting kids when in fact, they are apparently perfectly content to allow the most dangerous consumer product in history to be sold on retail shelves in gas stations, convenience stores, and other places that are easily accessible to kids throughout the city.
This is an easy political victory because they know the vaping industry is not organized or centralized enough to fight it successfully. But if they are justified in banning e-cigarettes, then it is certainly imperative upon them - and actually much more justified - to ban real cigarettes. However, the tobacco industry is organized, centralized, and powerful.
The rest of the story is that what is really going on here is that the proponents of this ordinance simply do not have the political courage to take the real action that would protect the public's health: banning cigarettes. Removing e-cigarettes from the shelves is an easy political victory that may make it seem like they desire to protect kids, but the truth is that they are apparently perfectly content with allowing deadly cigarettes to be sold to the kids who they purport to be protecting.
Ultimately, this is politics, not public health.


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Shaving is a part of every guy’s grooming routine but the normal way of applying shaving cream by hand is messy. Legacy Shave aims to provide the “ultimate shaving experience” with its combination of a shaving foam can and a brush. Founder Mike Gutow appeared on season 14 of Shark Tank and got a deal with Lori Greiner. As of 2023, Legacy Shave is worth an estimated $1 million.
Mike Gutow’s Background
Mike Gutow hails from St. Clair Shores, Michigan and has a bachelor’s degree in business from Michigan State University. Only Mike appeared on television but he’s not the sole founder.
There’s also his brother, Dave Gutow, and their late father. However, not much is known about the two. On the other hand, Mike had a long career in business before becoming an entrepreneur.
The most significant venture he launched in his career was Gutow Management, a real estate firm. In 2014, he created a charitable organization called Save Lake St. Clair in an attempt to save the lake from more pollution.
Founding Legacy Show
While they were still college students, Dave and Mike had the idea of making a shaving brush with an attached shaving foam can. They told their old man about the concept, and he helped make a prototype.
Initially, the brothers didn’t launch the product because they got busy with work. When their father died from cancer, the Gustow brothers discovered that he secretly had around 3,000 brushes in his basement.
They took it as a sign to finally launch the product in 2016. They named it the Legacy Shave to honor their dad. In 2019, they made redesigns, launched a Kickstarter campaign, and surpassed their goal in less than a day.
Getting on Shark Tank
Over the years, the startup has received a lot of recognition from major media outlets. This includes The View, Good Morning America, and Today. However, the founders needed more than just exposure.
They were looking to raise capital to keep pace with growing demand and expand the business. Mike applied to appear on the show and got accepted by Shark Tank producers. Lori agreed to invest $700,000 for 95% of the business, Mike wanted to keep 5% as “schmuck insurance.”
After Shark Tank
The episode was a tearjerker and the exposure from Shark Tank should have helped them sell over 1,000 units. The show aired in November 2022 and they saw a big increase in orders in time for Christmas. Currently, they only ship to the United States excluding Hawaii and Alaska.
In April 2023, their products were out of stock but they’re available again. Fans of the shaving tool can purchase it on Amazon, Walmart, QVC.com, and their official website, LegacyShave.com. They also sell to wholesale partners who can buy a 24 case pack for $37.19.
The product has a strong track record on Amazon, averaging 4.3 stars from 217 customer reviews. This number is expected to grow along with their valuation. Legacy Shave is worth an estimated $1 million.
Bringing on Lori as a partner will be huge for the company but it’s a pity they gave away a huge chunk of equity, Lori will need to invest a lot of time and resources to make it a success. Despite this, it appears the deal with Greiner hasn’t closed yet. This is surprising considering how Lori was promoting the product on Twitter after it aired.


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Northwestern and Under Armour have unveiled the custom stars and stripes uniforms the team will wear vs. Michigan on November 16. The uniforms will be worn to help raise awareness of and support the Wounded Warrior Project.
The back of the jerseys will have Duty, Honor, Courage, Commitment, Integrity, Country and Service in place of last names.
Pictures courtesy of Under Armour.
Read more: bleachrreport.com


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India, Vietnam and $100 Million in Defense Credit
By Amruta Karambelkar
Stronger ties will give Hanoi a boost and strengthen New Delhi’s hand.
Indian Trade Seen Booming With ASEAN
By Luke Hunt
A new report highlights the growing economic ties ASEAN is enjoying with India.
India and ASEAN: Beyond ‘Looking East’
By Prashanth Parameswaran
Modi needs to move India beyond platitudes in its engagement with Southeast Asia.
India-Japan Relations: A Fillip on the Cards?
By Aniruddh Mohan
The two countries have been enjoying stronger ties. Will that get a boost under a new Indian government?
South Korea Calling India
By Sreeram Chaulia
Can India seize the opportunities offered by its growing engagement with South Korea and Japan?
What Abe's Return Means for India-Japan Ties
With the former Prime Minister once again at the helm of the LDP, relations with India could receive a further boost.