GIBBI, Today
In this newsletter I write the 5 most important news that I read in the day about businesses, finances and sports in México and in the World.
Stories:
Steelers Got To The Victory
How People Get Rich Now
Tom Brady’s Raiders Bid Faces Critical Vote By NFL Owners
SpaceX Catches Startship Booster In Crucial Test Flight
TikTok Is Aware Of Its Bad Effect On Teen Users
Steelers Got To The Victory (GIBBI)
Steelers defeated Raiders 32-13 at Las Vegas, and Steelers returned to the victory after back to back losses (Colts, Cowboys)
Steelers got its 4th victory of the season and Steelers are leading NFC North alongside Ravens
The MVP of Game was T.J. Watt that made two forced fumbles that later Offense scored touchdowns
GIBBI View: This is wasn’t a great victory where Steelers troubled in 1st half but in 2nd half Steelers played better and got the victory; the big differences were the impact plays where Steelers’ Defense made 3 takeaways (2 fumbles, 1 interception) and Offense scored 3 touchdowns
How People Get Rich Now (Paul Graham)
Every year since 1982, Forbes magazine has published a list of the richest Americans. If we compare the 100 richest people in 1982 to the 100 richest in 2020, we notice some big differences
How are people making these new fortunes? Roughly 3/4 by starting companies and 1/4 by investing. Of the 73 new fortunes in 2020, 56 derive from founders' or early employees' equity (52 founders, 2 early employees, and 2 wives of founders), and 17 from managing investment funds
But the main reason it's easier to start a startup now is that it's cheaper. Technology has driven down the cost of both building products and acquiring customers
GIBBI View: I need to be honest, one of the reasons why I want to start my own startup (GIBBI CarShare) is because I want to be rich, but also because I want to change/improve the world and show me myself that I can do something great and show it to the rest of the world
Tom Brady’s Raiders Bid Faces Critical Vote By NFL Owners (Sportico)
On Tuesday, at the NFL’s fall league meeting in Atlanta, the league’s finance committee is expected to present owners with the proposal for an investment group helmed by the seven-time Super Bowl champion to buy a minority stake in the Las Vegas Raiders
Knighthood Capital co-founder Tom Wagner, originally announced its agreement to purchase a 10% stake in the Raiders, of which rough 7% would be owned by Brady. Sportico currently values the Raiders at $6.7 billion, meaning that Brady’s proposed cut could be worth around $470 million
Currently, 47% of the Raiders is owned by Davis’ 69-year-old son, Mark, and his widow, Carol. The Davis family share would be reduced if the sale goes through, though they would remain principal owners of the franchise
GIBBI View: I understand that Brady was going to buy this minority stake in a discount, so less than the $470 million that need to pay to buy that stake, so for that reason some NFL Team Owners weren’t ok with that and they rejected that in the last year
SpaceX Catches Startship Booster In Crucial Test Flight (BNN Bloomberg)
SpaceX’s Starship rocket flew to space and landed in the ocean, completing a fifth major test flight that also included the first-ever “catch” of the craft’s booster back at the launch tower
Recovering Starship’s booster after launch is a crucial milestone for SpaceX as it readies the rocket for commercial operations
With Starship, SpaceX’s eventual aim is to fully recover the vehicle’s two main parts: the Starship spacecraft itself — which will carry satellites and eventually passengers — and the Super Heavy booster
GIBBI View: I think that most of people don’t understand and appreciate what this big advance represent to humanity to have the opportunity to make that humans can live in multiplanets (Earth, Mars); I think that the only thing that could stop this big advance would the politicians that hate Elon and don’t want that humans progress to a multiplanets world
TikTok Is Aware Of Its Bad Effect On Teen Users (Engadget)
TikTok's executives and employees were well aware that its features foster compulsive use of the app, as well as of its corresponding negative mental health effects
Apparently, TikTok's own research found that "compulsive usage correlates with a slew of negative mental health effects like loss of analytical skills, memory formation, contextual thinking, conversational depth, empathy, and increased anxiety"
While the tool sets the default limit for app use to 60 minutes a day, teens were still spending 107 minutes on the app even when it's switched on. That's only 1.5 minutes shorter than the average use of 108.5 minutes a day before the tool was launched
GIBBI View: I think that all people are awared of the bad effects that social media platforms have in teen users, but because adult users use these social media platform they don’t do anything to protect teen users; I think that the worst social media platforms are facebook, tiktok and instagram because their algoritms