Rocket Internet wants to invest in fintechs and artificial intelligence

Rocket-InternetAfter setting up numerous start-ups from fashion to food delivery, Rocket Internet is targeting other business areas.

“We are now looking for fintechs, software, artificial intelligence, Proptechs,” chief executive Oliver Samwer outlined the goals on Friday. Gross, the start-up factory has therefore 2.6 billion euros in the box office to start up or develop companies. Proptechs provide technology for the real estate industry (Property Technology), Fintech’s financial services.

Samwer also announced at the annual general meeting in Berlin, after the strong growth of the cooking box supplier Hello Fresh in the US to take the US market further into focus. “We will continue to launch companies that will be number one in the US.” Shareholder representatives criticized the fact that the share price of the MDax company Rocket Internet SE is still well below the issue price, and demanded that Samwer formulate the goals more precisely.

The Bitcoin will be worth $ 50,000, according to a YouTube star

Nicholas MertenAccording to creator Nicholas Merten, the Bitcoin is expected to launch a price explosion later this year, citing four reasons why the “crypto-gold” will multiply its value and reach the $ 50,000 mark.

In 2017, the Bitcoin already experienced a veritable hype among private investors. Within a few months, its value was pushed from record to record – until the $ 20,000 mark was exceeded in December, followed by a rapid fall in prices. If it comes to YouTube star Nicholas Merten, the Bitcoin will soon outnumber this record by more than double. The Bitcoin is currently at about 7,600 US dollars, according to “CoinMarketCap”.

In his YouTube channel “DataDash” Nicholas Merten deals among other things with cryptocurrencies. The entrepreneur and crypto-investor, with close to 300,000 subscribers, recently announced via Twitter and YouTube his prediction that the Bitcoin will reach $ 50,000 per digital coin this year. His reasons seem to speak less for the Bitcoin, but rather against the classic financial world. Even from his own community, the influential creator reaps criticism for his assumptions, as some of the comments in his videos show.

Four reasons for the rapid increase in value

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The next big financial crisis is brewing according to George Soros

george soros

Star investor George Soros is worried and is now predicting the next big financial crisis. The current situation in Italy, a possible “Italexit” and EU punitive tariffs are causing concern for investors.

For Soros, there are many unresolved issues, a sharp rise in the dollar and capital flight from emerging markets, just a few reasons for a financial crisis. He warned the European Union in his speech on Tuesday of the imminent threat. According to him, the EU is already in an “existential crisis”.

Why the EU is in crisis?

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Turbulent Facebook Annual General Meeting after data scandal

facebook annual meeting 2018The aftermath of the Facebook data scandal has led to a more turbulent general meeting of the world’s largest online network this year.

A woman had to leave the hall because she demanded in interjections, founder and boss Mark Zuckerberg to refuse re-election to the Board.
Another shareholder called for the elimination of the more-voting shares that would secure Zuckerberg’s control of the company. With the current power situation threatens Facebook , to become an “entrepreneurial dictatorship”, he warned on Thursday.

There was also direct criticism of the outflow of information from millions of Facebook users to Cambridge Analytica, which had triggered the current data scandal. A representative of investor NorthStar Asset Management said it violated human rights. She argued that the data scandal had only become possible because the CEO could put together a board of directors to his liking. Boards of directors in US companies have even more far-reaching powers than the German supervisory boards and also determine the strategy in addition to the usual control functions.

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Euro price falls after strong US data – francs are also down

Euro-USD_1

The euro’s price fell against the US dollar on Friday, as did the Swiss franc. Better than expected economic data from the USA pushed the euro’s course in the afternoon business down to a daily low of 1.1617 US dollars. In comparison, the euro was recently traded slightly higher in New York at $ 1.1663. The European Central Bank (ECB) had set the reference rate at 1.1669 (Thursday: 1.1699) dollars.

For the franc, the dollar climbed above the threshold of 0.99 at times. Currently he is still around at 0.9889 francs. The euro has meanwhile set above 1.15 and costs 1.1534 francs.

In May, the number of employees in the United States had surged surprisingly high. The unemployment rate fell to its lowest level since the beginning of the millennium. “Partylaune on the job market,” commented expert Christiane von Berg of the BayernLB the data.

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Richemont acquires British watch platform Watchfinder

richemont

The luxury goods company Richemont buys the British watch platform Watchfinder.co.uk.

Founded in 2002, the company buys and sells used premium watches online as well as in seven boutiques. Richemont does not comment on the price of the transaction . However, the acquisition will not exert any “material” influence on the operating result for the financial year 2018/19, Richemont affirms.

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Who are Jeff Bezos’ role models?

amazon-jeff-bezosHe is now the richest person in the world, has a billion-dollar business and is a role model for many young entrepreneurs. But who has Jeff Bezos copied the success?

As part of a panel, the Amazon chief commented on this topic at the Southern Methodist University and named a number of well-known personalities. Continue reading “Who are Jeff Bezos’ role models?”

The Tesla share should not be worth more than a donut, according to an expert

tesla model 3

In the ranks of those who kill the carmaker Tesla dead, mixes a new voice: Chris Macintosh railed against the Tesla share and against Tesla boss Elon Musk. In particular, he focuses on the alleged hero status that Musk enjoys among his followers.

The number of Tesla supporters is large. But the recent adversities, production problems with the hopeful model 3, repeatedly postponed corporate goals and numerous departures from strategically important positions meanwhile provide for uncertainty among Tesla shareholders. Over the past six months, the Tesla share has lost more than 12 percent on the US stock exchange, even though the price has stabilized somewhat since its lows in early April. But the signs are increasing that even among Tesla’s most faithful followers patience is finally.

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Asian indices close in negative territory

Asian stock marketThe Asian stock market dropped significantly in the Tuesday trading.

In Japan, the Nikkei 225 fell 0.55 percent to 22,358.43 index points by the end of trading. The Shanghai Composite in mainland China also had to give up, closing 0.47 percent lower at 3,120.46 points. Meanwhile, the Hang Seng in Hong Kong had far more loss and gave the close 1.0 percent to 30’484.58 points.

Political developments were again seen as a burden, in particular the impending new elections in Italy. In addition, the relationship between the US and North Korea and the continuation of the trade conflict remained unclear.

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Review of Crypto Startup Circle Internet rises to $ 3 billion

circle internetGoldman Sachs’ startup of the digital currency called Circle Internet is valued at $ 3 billion in a new round of financing.

This makes Circle Internet Financial one of the most expensive fintech startups in the US. The increase in the valuation of the company from Boston is about seven times higher than a previous round of financing in 2016. The company owes this value explosion to its unbridled interest in bitcoins and other digital assets.

Despite a drop in value of 40 percent this year, the Bitcoins bring these companies a real money rain. In particular, it shows that service providers for trading and investing in cryptocurrencies are particularly benefiting. These include Coinbase, a Bitcoin exchange, or Bitmain, the Chinese chip maker for digital money transactions.

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