Then they can reduce the purchasing power for certain stocks to just the money already transferred.
210 karma · joined October 8, 2010
Then they can reduce the purchasing power for certain stocks to just the money already transferred.
1 https://www.jenniferzengblog.com/home/2020/8/5/bytedance-hea...
[edit] added source.
1. I listened to Nikola founder Trevor's interview on Jason Calacanis's podcast, and was sold on the advantage of Hydrogen fuel cell over battery for long haul trucks. Such a huge market! And then Trevor said Nikola, a 400 people company, are also working on the an electric pickup called Badger to be more consumer facing. This makes no biz sense to me at all and I realized they are probably just chasing the trend.
2 At the time Nikola doing the first Earnings call ever, Trevor was on a 6-day vacation in the Bahamas, while bragging about having a $13 Million airplane. Trevor is no Elon. No matter how much you hate Elon, he works his butt off, and that gets my respect automatically.
3 I understand Nikola want to protect their trade secrets and go through SEC first, but in their press release [2] they have shown nothing to prove that Hindenburg Research's report is wrong.
[1] https://thisweekinstartups.com/e1090-nikola-founder-trevor-m...
[2] https://nikolamotor.com/press_releases/nikola-refutes-allega...
Probably you might be aware of this https://petitions.whitehouse.gov/petition/we-people-support-... Over 100k Chinese American petitioned to ban Wechat and TikTok in the US.
An former employee of Weibo (China's Twitter clone) who recently moved to the US did a great interview with VOA
Most of us here on HN are entrepreneurs. We wanna make something useful to the world and make tons of money in return. Just as we should look at what kind of impact our products have on our users' lives, in the discussion of whether Google should return to China, we shouldn't focus on the Chinese government and ignore the 1 billion Chinese people.
If Google launch a new Google.cn:
1. The Chinese government won't benefit much from this. Compared to these Chinese companies, Google will always be an outsider. It will have to work with the government, but won't be eager to do so, and might cause troubles to the government from time to time.
2. The Chinese people will benefit a lot! Without good competition, the dominant search engine Baidui has become such a bad actor over the years. If you are annoyed by Google ads, Baidu is 100 times worse, especially on mobile devices. For many search terms, the first a few pages are all ads. People are really fed up with this. In a recent survey by Sina (http://finance.sina.com.cn/stock/s/2018-08-07/doc-ihhkuskt26...) 72.8% the users surveied wanna use Google if it goes back to China.
If you were a farmer in the North right before the civil war, you probably would still have been willing to sell to the people living in the south that are against slavery, even if Southern government would benefit from tax.