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Zuckerberg Vs Musk’s Proposed Cage Match: A metaphor of Warfare in Business?

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Few weeks back, Meta boss, Mark Zuckerberg, had challenged Tesla and Twitter boss, Elon Musk, to a friendly cage fight. Despite being a neophyte in combat, Musk accepted the challenge and showed his willingness to train as much as it would require him to be able take-on Zuckerberg who on the contrary is well groomed and decorated in Jitsu.

The proposed faceoff between Zuckerberg and Musk picked a lot of people’s interest and raised positive reactions in the media. Many internet users across different social media platforms said they could not wait to see the duo get physical and exhibit their combat skills on stage to the amusement of their viewers.

But it appears the dynamic between the two entrepreneurs is currently taking a different turn. Twitter has recently made a law suit threat to Meta for alleged copyright infringement following Meta’s unveiling of its new social networking platform, Thread, which provides alternative services of the twitter’s. Daubed the copycat app, Thread has been alleged to have been crafted out of Twitter’s trade secret. Twitter’s team of lawyers claimed in a letter sent to Zuckerberg that Meta recruited former Twitter employees who used twitter trade secrets to develop thread.

In a tweet, Musk conveyed his dissatisfaction at the revelation, saying: ” competition is fine. But cheating is not.”

However, Twitter’s claim that Meta enlisted its former employees who championed the development of the thread app, regardless of its correctness and legal implication, underscores the importance of human resource in the survivability and sustainability of a business. Apparently, when people move from companies to companies within the same industry, they move along with knowledge and insights which they consciously or unconsciously use to help their new companies to have a competitive edge.

Could Zuckerberg’s combat challenge with Musk be interpreted as a metaphor foreshadowing what is to transpire between the two social media behemoths, Twitter and Meta? My answer is an emphatic Yes.

It is like picturing the earliest periods of the ancient Chinese and Japanese dynasties where two great generals of two great empires invite each other for a fun game in preparation for a battle or partnership between the two empires at an unknown time in the future.

Meanwhile, Musk’s SpaceX business continues to grow.

Twitter and Tesla have had their ups and downs, but it’s been smoother sailing at another Elon Musk-led firm: SpaceX. The company is effectively monopolizing the global space market thanks to “a proven fleet of reusable rockets that can fly at a pace that rivals can’t match,” The Wall Street Journal writes. It has led 21 launches for outside clients so far this year — almost two-thirds of the world’s commercial space flights — and Musk has estimated that SpaceX will account for 80% of the mass that makes it into orbit in 2023. SpaceX-owned Starlink internet satellites had to “swerve more than 25,000 times” from December 2022 through May 2023 to stay clear of potential collisions, according to a new regulatory report.

Tinubu Set Up Tax Policy Reform Committee, Appoints PwC’s Taiwo Oyedele As Head

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President Bola Tinubu has given his approval for the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. The committee will be led by Mr. Taiwo Oyedele, who holds the position of Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC).

The announcement of the committee was made by Dele Alake, the Special Adviser to the President on Special Duties, Communications, and Strategy, in a statement released on Friday.

According to the statement, the creation of this committee aligns with President Tinubu’s commitment to eliminating obstacles that hinder business growth in Nigeria. The committee will consist of experts from both the private and public sectors, and its primary responsibilities will encompass various aspects of tax law reform, fiscal policy design and coordination, tax harmonization, and revenue administration.

Further elaborating on the matter, Mr. Adelabu Zacch Adedeji, the Special Adviser to the President on Revenue, emphasized that President Tinubu acknowledges the significance of establishing a robust fiscal policy framework and an efficient taxation system for the proper functioning of the government and the economy.

“Nigeria ranks very low on the global ease of paying taxes while the country’s Tax to GDP ratio is one of the lowest in the world and well below the African average.

“This has led to an overreliance on borrowing to finance public spending which in turn limits the fiscal space as debt service costs consume a greater portion of government revenue, annually resulting in a vicious cycle of inadequate funding for socio-economic development.

“While some incremental progress has been recorded over the years, the outcomes have not been transformative enough to change the narrative,” he said.

Adedeji highlighted several key issues within Nigeria’s tax system, including the presence of multiple taxes and revenue collection agencies, a fragmented and complex tax structure, low tax morale, widespread tax evasion, high costs associated with revenue administration, lack of coordination between fiscal and economic policies, and inadequate accountability in the utilization of tax revenue.

He said the establishment of this committee exemplifies President Tinubu’s dedication to tackling these challenges and instigating transformative reforms in fiscal policy and taxation.

The committee’s primary objective is to enhance the efficiency of revenue collection, ensure transparent reporting, and promote the effective allocation of tax and other revenues. These endeavors aim to bolster citizens’ tax morale, cultivate a positive tax culture, and drive voluntary compliance.

These initiatives will not only improve Nigeria’s revenue profile but also create a more favorable and internationally competitive business environment.

“Our aim is to transform the tax system to support sustainable development and achieve a minimum of 18% Tax to GDP ratio within the next 3 years without stifling investment or economic growth.

“It should be noted that this committee will not only advise the government on necessary reforms, but will also drive the implementation of such recommendations in support of the comprehensive fiscal policy and tax reform agenda of the current administration,” the SA on Revenue added.

Oyedele, who has been critical of the tax initiatives of the federal government, is an exceptionally accomplished professional renowned for his extensive expertise in fiscal policy, taxation, and economic matters. Currently serving as the Africa Tax Leader at PWC, he holds several prominent positions within various organizations.

He assumes the role of Thematic Lead for the Fiscal Policy & Planning Commission and serves as the Chairman of the West Africa Debt Management Roundtable of the Nigerian Economic Summit Group (NESG). Furthermore, he chairs the Taxation & Fiscal Policy Faculty Board of the Institute of Chartered Accountants of Nigeria (ICAN) and is a member of the Nigerian Taxation Standards Board.

Oyedele also contributes as a member of the Ministerial Committee responsible for implementing Nigeria’s National Tax Policy. He is an active participant in the Global Tax Forum and has previously held a position on the Global Governing Council of the Association of Chartered Certified Accountants (ACCA).

Beyond his professional achievements, Oyedele is an educator and currently holds the position of Associate Professor at the Babcock University Business School. He has pursued higher education at prestigious institutions such as the London School of Economics & Political Science, Yale University, and Harvard Kennedy School Executive Education. Additionally, he serves as a guest lecturer at the Lagos Business School and is the Founder and President of the Impact Africa Foundation.

The federal government has been moving to expand the tax net in a bid to create an alternate source of income amid dwindling oil revenue and high public debt servicing.

However, the moves have been widely considered oppressive, especially for the informal sector – already grappling with harsh economic realities buoyed by depleting the spending power of the Nigerian people.

While commending initiatives such as the move to curb multiple taxation and tax revenue leakages, experts said the government needs to consider Nigeria’s economic realities before implementing some of its policies.

On Thursday, the government announced that Tinubu signed five executive orders, abolishing the 5% telecom Excise tax as well as Excise Duty taxes on locally manufactured goods and services. The executive orders also addressed other raging issues contained in the Finance Act.

However, experts said there is more need to align the tax initiatives with current economic realities so as not to squeeze businesses and households further.

Solana (SOL) is ‘Not a Security,’ Insists Solana Foundation Amid SEC Lawsuits

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Amidst the recent SEC lawsuits surrounding Solana (SOL), the Solana Foundation asserts that Solana (SOL) is not a security. This development has sparked widespread interest and debate within the cryptocurrency community.

Meanwhile, Uwerx investors are witnessing remarkable investment growth. Join us as we delve into the latest updates on Solana (SOL), explore the implications of the SEC lawsuits, and uncover the exciting progress of Uwerx investors.

Stay informed and stay ahead in the ever-evolving world of cryptocurrencies.

Solana (SOL): Thriving Growth and Unleashed Potential in the Crypto Space

Solana (SOL) has swiftly emerged as a prominent player within the cryptocurrency landscape, captivating the attention of both investors and enthusiasts alike.

With significant backing from renowned venture capitalists, Solana (SOL) has witnessed impressive growth, exemplified by its total solid value locked (TVL) of $268 million.

Solana (SOL) has established itself as a formidable force in the cryptocurrency industry by overcoming past obstacles with resilience. Analysts and experts express unwavering confidence in the project’s ability to navigate challenges, bolstering its prospects for a promising future.

Presently valued at $17.68, with a 24-hour trading volume of $415,720,178, Solana (SOL) holds the #9 position on CoinMarketCap, boasting a live market cap of $7,040,272,053.

While market volatility should always be considered, Solana (SOL) shows promising signs, with price predictions indicating a potential +500% surge by 2040, catapulting its value to $60.15.

Stay informed and keenly watch Solana (SOL) as it unleashes its potential within the crypto ecosystem.

Uwerx (WERX): Providing Innovations in Freelancing

Uwerx is revolutionizing the freelance industry with its cutting-edge platform that harnesses the power of blockchain technology. By prioritizing innovation, transparency, and user-centric features, Uwerx is set to disrupt traditional freelance platforms and create an ecosystem that is more efficient and rewarding ecosystem for freelancers and clients.

Uwerx has introduced a groundbreaking token lock mechanism to ensure the project’s long-term stability. With a nine-month lock on the team’s tokens and a 25-year liquidity lock for WERX tokens post-presale, Uwerx demonstrates its unwavering commitment to success.

Security is a top priority for Uwerx, as evidenced by thorough, intelligent contract audits conducted by renowned firms like SolidProof and InterFi Network. These audits provide users with an added layer of confidence and trust.

Uwerx is expanding its reach and enhancing liquidity for WERX tokens through its CoinSniper listings and the upcoming Uniswap listing by August 1st. These listings will provide increased trading opportunities, further strengthening the token’s value and market accessibility.

Setting itself apart, Uwerx offers a transaction fee of only 1%, making it a cost-effective alternative to industry giants such as Upwork and Fiverr, who charge 10-20%. This fee reduction enables freelancers to retain a more significant portion of their earnings, fostering greater participation on the platform.

The introduction of the Uwerx Vault introduces an exciting feature for freelancers. By securely storing WERX tokens in the vault, freelancers can take advantage of staking opportunities and earn rewards based on platform variables.

This week, there will be a release of a clickable prototype for the presale, which will include pages for freelancer registration and client registration. Furthermore, the unveiling of the Uwerx Vault feature is scheduled for next week, and a poll will be conducted to decide the date of the test airdrop.

The recent launch of the Alpha platform showcases Uwerx’s commitment to delivering a robust and user-friendly experience. The initial version offers features like signing up, logging in, job creation, talent sourcing, and activity monitoring. The team is actively working on the Beta version, which will introduce additional enhancements and further streamline the platform’s capabilities.

The success of Uwerx’s presale has surpassed expectations, with each stage witnessing remarkable results. In Stage 5, investors can secure WERX tokens for $0.047725 per token, enjoying an additional 15% bonus on every purchase. This overwhelming response highlights the market’s confidence in Uwerx’s vision and potential.

Following the conclusion of the presale on July 31st, token holders can anticipate a 6-week vesting period. Tokens will be gradually distributed according to a predetermined schedule, ensuring a balanced and controlled release.

Experience the transformative power of Uwerx as it reshapes the freelance industry with its innovative solutions and unwavering commitment to revolutionizing how freelancers and clients collaborate.

Make sure you don’t miss out on this incredible opportunity to become a part of this remarkable journey and play a crucial role in shaping the future of freelance work. Uwerx highly values your feedback. Share your thoughts and opinions with Uwerx at feedback@uwerx.network.

Stay ahead of the Uwerx presale by using the links below:

Presale:  invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

Chiliz (CHZ) Price Prediction: CHZ Holders Suffer Financial Pain As 95% Endure Negative Returns

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Over the years, crypto ecosystems served as platforms for investors to boost their portfolios and earnings. Altcoins like Chiliz (CHZ) have provided good market profit, but unfortunately, it no longer holds this record.

About 95% of Chiliz (CHZ) investors are experiencing a huge financial setback while hoping for a solution. Meanwhile, some investors are beginning to realize the recently launched project, Uwerx, may help them recover from their losses.

This article shows Chiliz’s (CHZ) performance, price prediction, and Uwerx’s market prospects in recent years.

Chiliz (CHZ): A Sports Project Empowering the Fan-Based Community

Chiliz (CHZ) operates on a blockchain platform (Socios), allowing sports fans to interact with their favorite teams through digital assets known as Fan Tokens.

These Fan Tokens represent ownership or access rights and enable fans to participate in various activities. Some activities include voting in club-related decisions, accessing exclusive content, and participating in fan-driven initiatives.

The primary purpose of Chiliz (CHZ) and Fan Tokens is to enhance fan engagement and create new revenue streams for sports organizations.

Thus, Chiliz (CHZ) was famous for its innovative approach to building relationships between sports clubs and their supporters.

Chiliz (CHZ): Persistent Drop in Market Growth

Even though Chiliz (CHZ)’s introduced famous football clubs like Juventus, Paris Saint-Germain, and FC Barcelona, its growth wasn’t sustainable.

Conversely, Chiliz (CHZ)’s market behavior has been unimpressive since the beginning of 2023. On the 13th of April, 2022, Socios announced its partnership deal with 13 American football franchises, which increased the market price by 18%.

However, the price began to drop drastically, hitting $0.1323 on the 13th of December, 2022, despite the ongoing World Cup. Research shows that some external factors may have caused this fall, including canceling withdrawals on the Celsius (CEL) leading network.

Chillz (CHZ)’s price is currently at $0.06726, with a market cap of $474,391,316 and 24h trading volume of $117,535,220.

Even though Chillz (CHZ)’s price is currently low, experts predict it may experience a slight increase in 2024, with about $0.1599 market value.

Can Uwerx (WERX) Truly Save Investors?

Even though the crypto market is highly volatile, Uwerx has been exhibiting some positive characteristics, which has caused investors to hope again.

Uwerx introduced a blockchain-based platform that charges freelancers just a 1% transaction fee, contrary to Fiverr’s 20% and Upwork’s 10%. Apart from the low transaction fee, investors also enjoy a 15% bonus for participating in the ongoing Stage 5 presale. The token is only being sold for $0.041, and since Stage 1 and 2 was completed in record time, this offer may wrap up soon. Hence, we encourage you to buy and invest now!

Uwerx’s listing on CoinSniper further proved its savior trait. Users are expecting Uniswap’s listing scheduled for the 1st of August, 2023. Uwerx’s audit pass from InterFi Network and SolidProof has also validated its authenticity.

In fact, Uwerx’s team will renounce the contract once taxes are zero and the token is ready for centralized exchanges. A test Airdrop is also scheduled to take place at the end of the presale 31st of July, 2023.

The Uwerx team announced its tokens would be locked for nine months to boost investors’ confidence that the project won’t be dumped. Investors may also participate in a 25-years liquidity lock after the presale. Tokens will be sent to holders after the presale ends in a 6-week vesting period scheduled as follow:

  • Week 1 – 8%
  • Week 2 – 10%
  • Week 3 – 14%
  • Week 4 – 18%
  • Week 5 – 22%
  • Week 6 – 28%

Uwerx has been introducing new features, including a PDF version of its Alpha platform. The PDF contains the following:

  • Signing up
  • Forgot password
  • Hiring dashboard page
  • Logging in
  • Job creation process page (s)
  • Freelancer or client initiation
  • My activity page

However, UWERX has completed the Alpha platform, while the transition from Alpha to Beta will occur very soon.

Further Action Points for Potential Uwerx (WERX)’s Investors

Uwerx released a vault where investors can store their tokens and get rewards based on the platform variables, similar to the popular staking method. Also, the Uwerx community is growing so fast that the Uwerx team modified token allocations due to presale speed.

This week, a clickable prototype will be launched during the presale, showcasing freelancer registration and client registration pages. Additionally, the upcoming week will witness the introduction of the Uwerx Vault feature, followed by a poll to determine the test airdrop date.

The Uwerx team has promised to release more content this week. You can share your suggestions or ideas via feedback@uwerx.network!

Join the revolutionary Uwerx across social media platforms for more updates!

Presale:  invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

Who Cares About Your Post

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In a fragmented social media world where new platforms are constantly being developed, the question of who really cares about what people and businesses post becomes complex. To provide a critical response, our analyst briefly considers the perspectives of different stakeholders involved.

Users: Users of social media platforms generally care about the content posted by others. Social media serves as a way for individuals to express themselves, connect with friends and family, discover new ideas, and stay informed about current events. Users actively engage with content that interests them, and they rely on social media as a means of communication and self-expression.

Businesses: For businesses, social media has become a vital tool for marketing and promoting their products or services. They carefully curate and craft content to attract and engage their target audience. In a fragmented social media landscape, businesses may need to adapt their strategies to cater to the specific features and demographics of different platforms. While this can create challenges in terms of resource allocation and audience reach, businesses still recognize the importance of utilizing social media to connect with their customers.

Platform Developers: Developers and companies behind social media platforms are highly invested in what people and businesses post. They rely on user-generated content to drive engagement, attract advertisers, and generate revenue. The competition among platform developers to create new and innovative platforms is driven by the belief that they can offer unique features or experiences that will captivate users and keep them engaged.

Advertisers: Advertisers are interested in the content posted by people and businesses because it provides valuable insights into consumer preferences and trends. By analyzing user-generated content and engagement patterns, advertisers can target their ads more effectively and personalize their messaging. Advertisers seek to leverage the vast amount of data generated by social media platforms to refine their marketing strategies and maximize their return on investment.

Researchers and Analysts: Social media content serves as a rich source of data for researchers and analysts studying various aspects of society, including sentiment analysis, public opinion, social trends, and more. They analyze the content posted on different platforms to gain insights into user behavior, cultural shifts, and emerging patterns, which can inform academic studies, market research, and policy-making.

While there are certainly concerns about the potential negative impacts of social media, such as privacy issues and information overload, it is clear that various stakeholders still care about what people and businesses post in this fragmented social media world. Users value social media as a means of self-expression and connection, businesses and advertisers recognize its marketing potential, platform developers depend on user-generated content for engagement and revenue, and researchers find value in analyzing social media data.

Our analyst further notes that the impact and relevance of individual posts may vary across platforms, but the overall significance of social media content remains substantial in today’s digital landscape.