$2.8 Billion

That is the amount of fine slapped by the Chinese government on Alibaba after an antitrust investigation, for breaking the monopoly law.

Apr 20

$1.05 million

This NFT forming part of the CryptoPunks platform sold for a whopping $1.05 million!

Apr 20

42.5%

In the richest city in the world – New York, the top 1% of the richest residents paid $4.9 billion in local income taxes in 2018, forming 42.5% of the total income tax collected by the city.

Apr 20

Tiny Snips – 7 – Grab this super-app!

The Singaporean start-up Grab, started as a ride-hailing platform in 2011, thereafter underwent mutating transformations to become a “Super-app” providing everything from food delivery to third-party ecommerce logistics to financial services.It is set to go public at a valuation of $39.6 billion through a SPAC merger with Altimeter Growth Corp, making it the largest SPAC merger to... more

Apr 20

Tiny Snips – 6 – Massive Exits ft. Citi

Last week, Citigroup said it will exit its consumer franchises(retail banking segments) in 13 countries – India, Australia, Bahrain, China, Indonesia, Korea, Malaysia, Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam. Those resources would be “deployed against higher returning opportunities in wealth management and our institutional businesses in Asia.” according to Citi CEO.Why?Retail banking is more hectic compared to institutional banking(catering to businesses)... more

Apr 20

Tiny Snips – 5 – Meet Mr. “Bleep”

Intel is launching an AI solution to recognize and redact hate-speech real time called Bleep. Developed with game streamers in mind, the solution aims to provide an interface where they can customize how much of “Racism” or other kinds of hate speech they want to hear/see and even a toggle switch for the N-word! Intel said it will release it this year.TBH, it seems to be an interesting quickfix for hardcore e-sports players.

Apr 20

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Tiny Snips – 2 – Plaid Reborn
TS – 3 – Snap x Screenshop x KKW
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Snips in Numbers – 2 – 10%
Snips in Numbers – 4 – $500 billion
Snips in Numbers – 6 – 92%