Tag: Business For Sale

With just 7 COVID-19 deaths in Taiwan, even huge events are back in business

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It’s a Saturday afternoon at 3:00 in the afternoon, and Taipei Metro’s blue line is packed. Riders are standing shoulder to shoulder. Exiting passengers positioned in the interior kindly ask those in front of the doors to make way. All passengers are sporting compulsory masks—including those heading to the four-day Outdoor Show at the Nangang Exhibition Center. Right inside the exhibition center entrance, a young man is positioned off to the side behind a standup desk. On top sit a laptop and connected security camera. As attendees flow through the doors, the camera captures their body temperature and relays it to the laptop, where their respective temperatures pop up in front of their faces on the screen Read More …

Big Tech was already dominant. Has coronavirus made it unstoppable?

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People often ask me what stocks I own. My investing advice is simple: I only invest in unregulated monopolies. They aren’t supposed to exist, but our antitrust laws were written in the era of steam engines, and enforcement has been nonexistent. Big tech is the twenty-first century version of John D. Rockefeller and Andrew Carnegie, and there is no trust-busting Teddy Roosevelt on the horizon to rein them in. How have they done it? The algorithm is this: innovate, obfuscate, and exploit. Especially in a pandemic. Post Corona: From Crisis to Opportunity by Scott Galloway Put simply, COVID-19 has been an effective weapon of mass distraction from big tech’s bad behavior. No news story survives 12 hours while a pandemic coupled with a national display of incompetence renders everything else what it is, less important. But whether we are paying attention or not, unchecked growth and market dominance lead to a slew of problems. Inevitably, companies without serious competition become less innovative and capture more profits and share from exploiting their position, and less from creating real value. And to protect that position, they perform infanticide on other innovators. No wonder that Amazon, Apple, Google, and Facebook have added hundreds of billions in market value since March Read More …

The hottest new video game is . . . chess?

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As a global pandemic continues to determine a new normal, tens of thousands of viewers have been tuning in to watch people play chess on a live-streaming website called Twitch.tv . An American chess grandmaster, Hikaru Nakamura, along with a number of celebrities of the video game world, is leading a renaissance in the ancient game. While viewers eagerly wait for Nakamura’s streams to begin, they are treated to a slideshow of memes involving Nakamura’s face superimposed into scenes from pop culture. First a reference to a well-known Japanese animation, next a famous upside-down kiss with Spiderman, and finally, Nakamura’s characteristic grin is edited onto the Mona Lisa herself. From August 21 to September 6, Twitch and Chess.com are hosting a tournament, called Pogchamps, where some of the most popular gaming streamers in the world compete in a chess tournament with $50,000 on the line . The current renaissance in chess is happening at the confluence of live-streaming technology, video game culture, and one grandmaster’s exceptional skills as both a chess player and entertainer. What is emerging is an unexpectedly good pairing between chess and a digital generation that is showing how influential gamers can be. The game of kings is more popular than ever , with over 605 million players worldwide, and now, memes are involved. Chess explodes on Twitch.tv Twitch.tv is a live-video streaming website that was started in 2011 as a platform for users to watch other people play video games. In recent years, Twitch has grown to become the cultural hub of the gaming community. It now hosts tens of thousands of creators who broadcast live to a global audience of around 17.5 million viewers a day . Since 2015, chess viewership has experienced exponential growth on Twitch. Read More …

The Hims of sleep? DTC brand reimagines snooze supplements

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It’s no secret that Americans don’t sleep enough, with n early a third of adults getting less than six hours of shut-eye per night. The CDC declared sleep a public health epidemic, spurring Silicon Valley to create a host of gadgets, robots , and even luxe homes to lull the restless back to bed. But many still rely on sleep aids such as Ambien or Xanax, which often have problematic side effects and result in dependence issues. The more health-conscious opt for more natural remedies like melatonin supplements, although it doesn’t work for everyone. To that end, newly launched Remrise hopes to embody a fully holistic sleep company that combines personalized supplements with tech. The company sells $55-per month subscriptions, which include plant-based sleep aids accompanied by a suite of digital tools: an online educational platform and a meditation app that connects to Fitbit, Oura, and other tracking devices. The startup secured over $8 million in funding led by Founders Fund and cofounding investor Atomic, the incubator behind millennial-friendly supplement unicorn Hims Read More …