Category: Reddit Post

Ferrari is set to extend its acceptance of cryptocurrency payments to Europe from the end of July.

The Italian carmaker Ferrari stated that their decision to accept cryptocurrency transactions aims to better meet the “evolving needs of its clients.” After launching crypto transactions in the US last year, Ferrari announced plans to extend this option to other countries where cryptocurrency is legal tender by the end of 2024. In their statement, Ferrari mentioned that they are working with various companies specializing in cryptocurrency payments to ensure transaction security. “These solutions will enable dealers to accept payments without managing cryptocurrencies directly, as these will be instantly converted into traditional currency,” Ferrari explained. In the US, Ferrari uses the crypto payment platform Bitpay, which handles this conversion process. Ferrari emphasized that this method allows them to verify the source of funds and shield transactions from price volatility due to exchange rates. The high energy consumption of cryptocurrencies has discouraged other car manufacturers, such as Tesla, from accepting them as payment – although Tesla now accepts Dogecoin for merchandise purchases. Tesla initially began accepting Bitcoin in 2021, but its CEO, Elon Musk, suspended it due to “environmental concerns.” When Ferrari started accepting crypto payments in the US last year, their chief marketing and commercial officer, Enrico Galliera, informed Reuters that cryptocurrency providers have been striving to lessen their carbon footprint. submitted by /u/Lor1al [link] [comments]

Deep-frozen riches

Bloomberg published a funny article about rich people who participate in a program to freeze their carcasses immediately after death. The idea here is that in the future (perhaps) people will learn to defrost and revive such cadavers – and then the time will come to take the prepared semi-finished products out of the freezer. The only question that remains is: what to do with the bucks? Where should we put them so that they will definitely survive and have some value in 300 years? And will a defrosted corpse be legally considered the same person in order to inherit all this? It would be a great shame to unfreeze on the Beautiful Planet of the Future only to be the poorest person there. So, it turns out that there are already special finance advisors who specialize in precisely such problems. They advise, so to speak, those who have already bought a ticket to the freezer. Truly, there is no problem with money that a financier will not undertake to solve (for a corresponding commission, of course). Source: https://www.bloomberg.com/news/articles/2024-07-09/rich-people-freeze-themselves-and-fortunes-for-future-revival?embedded-checkout=true submitted by /u/XGramatik [link] [comments]

$GOOGL & $V earnings out

$V: – VISA 3Q ADJ EPS $2.51, EST. $2.43 – VISA 3Q NET REV. $8.90B, EST. $8.96B $TSLA: TESLA 2Q ADJ EPS 52C, EST. 60C TESLA 2Q REV. $25.50B, EST. $24.63B TESLA 2Q OPER INCOME $1.61B, EST. $1.81B submitted by /u/XGramatik [link] [comments]

Good Read: Delivering Happiness by Tony Hsieh. From Zero to a Billion. The First-Hand Story of Creating an Outstanding Company

First and foremost, this book is great because it’s written in a very lively and truthful manner. I read it in one sitting. The book is about the creation of Zappos.com, an online shoe store that was sold to Amazon for $1.2 billion. Before this, the author gained fame by creating LinkExchange and selling it to Microsoft, earning $40 million and turning down an additional $25 million for KPIs since he quit immediately afterward. Well, $40 million isn’t too shabby. The book dedicates a lot of attention to the magical corporate culture of Zappos – how they treat customers and suppliers with exceptional care, deliver a WOW-effect, develop employees, think creatively and unconventionally, and are all so passionate, determined, and at the same time humble. It’s hard to believe that this was the sole reason for the company’s success. For the first three years, they scraped by from one funding round to another, firing employees who often worked for food. And when sales reached $30 million a year, they suddenly realized that their wonderful corporate culture was what would take them to the next level. I won’t argue with that, but it’s unlikely to be very interesting to someone whose company makes less than $30 million a year (Anyone here? Raise your hand). However, Tony’s life story is incredibly interesting, especially his college years and early earnings. The author initially wasn’t focused on making big money but mostly did what interested him. This is what makes the book instructive. At the end, there’s a good chapter on happiness, quite accurate and without unnecessary theories. Here’s a profound thought: Many people spend their lives chasing happiness in the form of “pleasure,” thinking that once they achieve it, they’ll pursue their passion, and when they have it, they’ll seek a higher purpose. But research suggests that the correct strategy would be to first figure out your highest purpose and strive for it (as it provides the longest-lasting type of happiness), then add a layer of passion, and finally, pursue happiness in the form of “pleasure.” It should be noted that Tony died at the end of 2020 in a fire at one of his mansions, which he had bought for some girl, likely under the influence of substances. Well, that’s that. submitted by /u/XGramatik [link] [comments]

Earnings reports – it’s all damn interesting

SPOTIFY SHARES JUMP AS MUCH AS 7.2% AFTER REPORTING 2Q RESULTS UPS FALLS 4.3% AS 2Q ADJUSTED EPS MISSES ESTIMATES GM SHARES JUMP 6.9% AFTER BOOSTING FY ADJUSTED EPS OUTLOOK submitted by /u/XGramatik [link] [comments]