As at 1937, exercising was seen as voodoo science on improving human health. When people reported to some doctors that they felt better after exercising, most doctors discounted the impacts. Also, just about 15 years ago, some people that ate exclusively organic food (no chemicals used in growing the food), in America, were seen as weird people. Today, those elements are now the mainstream: exercising is saving lives and eating organic is a pursuit for many as it is now a luxury. Never be afraid to push for change. Since Ancient Egypt, ordinary people have changed empires.

There is a growing body of evidence that shows some potential health benefits of organic foods when compared with conventionally grown foods. While these studies have shown differences in the food, there is limited information to draw conclusions about how these differences translate into overall health benefits. Potential benefits include the following:

• Nutrients. Studies have shown small to moderate increases in some nutrients in organic produce. The best evidence of a significant increase is in certain types of flavonoids, which have antioxidant properties.

• Omega-3 fatty acids. The feeding requirements for organic livestock farming, such as the primary use of grass and alfalfa for cattle, result in generally higher levels of omega-3 fatty acids, a kind of fat that is more heart healthy than other fats. These higher omega-3 fatty acids are found in organic meats, dairy and eggs.

Comment on LinkedIn Feed

COMMENT: That’s not true. Standing armies have had physical fitness regimes for centuries.

MY RESPONSE: Armies had fitness to fight, not necessarily to live well. The correlation of exercise to wellbeing while not new science was NOT universally accepted until about 80 years ago. The fact remains that exercise was not prescribed en mass until recently to manage diseases like diabetes, etc. “However, exercise was not prescribed for the noncureable form of diabetes known as mahu-meha (12).

As noted above, Susruta was of the opinion that participation in excessive exercise, interpreted to mean strenuous or heavy physical activity, would cause multiple diseases and potentially lead to death (46). Consequently, he discouraged patients from active participation” https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4056176/

Unlike now where it is universally accepted, exercise was not the norm until recently. Some used it but many did not. Doctors here with knowledge of medical history on exercise can add

Uber was $120 billion with the exclusive Wall Streeters. Today, as it trades in public market, it is less than $64 billion. Uber – welcome to the Main Street. You will be fine, but you need to understand how to manage with cola and not just champagne. All those $120 billion virtual wealth have come home for reality checks!

Morgan Stanley nabbed the biggest U.S. initial public offering of the past five years. Now it gets to field the second-guessing after Uber Technologies Inc.tumbled 18% in its first two days of trading.

Across Wall Street, questions are flying: Why did bankers including Morgan Stanley’s suggest a $120 billion valuation last year that Uber couldn’t deliver? Did the syndicate led by the firm set the IPO’s price too aggressively? And did they steer too much stock to big investors who made hollow pledges to hold it long term?

Apple Response

Today’s decision means plaintiffs can proceed with their case in District court. We’re confident we will prevail when the facts are presented and that the App Store is not a monopoly by any metric.

We’re proud to have created the safest, most secure and trusted platform for customers and a great business opportunity for all developers around the world. Developers set the price they want to charge for their app and Apple has no role in that. The vast majority of apps on the App Store are free and Apple gets nothing from them. The only instance where Apple shares in revenue is if the developer chooses to sell digital services through the App Store.

Developers have a number of platforms to choose from to deliver their software — from other apps stores, to Smart TVs to gaming consoles — and we work hard every day to make our store the best, safest and most competitive in the world.

Apple lost big yesterday – nothing to do with America-China trade war. The problem: the App Store is a modern day monopoly, says the United States Supreme Court.

Justice Brett Kavanaugh, in the majority opinion, said that when “retailers engage in unlawful anticompetitive conduct that harms consumers,” people buying those companies’ products have the right to hold the businesses to account.

“That is why we have antitrust law,” Kavanaugh wrote. The court’s four liberal justices joined Kavanaugh in the 5-4 decision.

The Supreme Court opinion notably does not accuse Apple of violating antitrust law: It holds that consumers have the right to sue the company for monopolistic behavior, because they purchase apps directly from Apple.

Yes, consumers can sue Apple for antitrust violations because the App Store constitutes a monopoly. The claim by Apple that it was just an intermediary was thrown out.

People, this ruling doesn’t just affect only Apple. Everything we know of Facebook, Amazon, Google Play Store and the whole nexus of platforms with the positive continuum of network effect will change. Simply, you cannot attain pure competitive advantage in markets only on the power of platforms. Yes, if you build one, you must make it wholly fair for other players to use same to serve market frictions. The era of walled-off virtual technology storefronts is largely over. I can see the trial lawyers sharpening their spears and swords with the ruling.

When you think of Apple App Store, you can refer to Standard Oil and how U.S. broke the empires of Rockefeller. I can tell you that the tech world has changed.

By 1880, Standard Oil owned or controlled 90 percent of the U.S. oil refining business, making it the first great industrial monopoly in the world. … Rockefeller and his associates decided to move Standard Oil from Cleveland to New York City and to form a new type of business organization called a “trust.”

Yet, the ruling is very narrow: this was a lawsuit from consumers to a company and not a company against a company. The way the justices looked at the issue may be different if a company had sued Apple. Of the three nexus in technology – making current use cases far improved, inventing new use cases, and pioneering new business models – platforms powers the last nexus, anchoring it on the unbounded distribution of the Internet, and in the process creating disruption through new basis of competition. Nothing has changed except that consumer rights are more enhanced now.

Jumia had a fair outing yesterday in its first quarterly earnings call: GMV grew by 58%, leading to a 102% increase in Marketplace revenue, but the company made a surprising decision –  it will not provide direct rebuttal to the Citron’s accusation.

In the wake of the report, a slew of American law firms said they were investigating possible disclosure violations and invited investors who may have lost money on the stock to contact them. In response, Jumia brought forward its first-quarter earnings announcement that was scheduled for Thursday to today.

• That release showed that Jumia’s first-quarter loss widened from a year earlier to $51m, and gave no indication of when it might become profitable.

That seems very strange as Citron has called it a “fraud“. We will see how it works for the business.

I agree with this summary by The Africa Report: “Failure to provide a detailed rebuttal of Citron’s claims will do little to reassure Jumia’s investors, who deserve to hear management’s side of the story. Other African companies may end up paying the penalty.” The Citi reaction is certainly not good enough; investors will like to hear from Jumia directly.

Personally, I do think Jumia showed a promise in its first call; expect recovery from the paralysis of the accusation.

Shares of Jumia Technologies (NYSE: JMIA) were bouncing up and down today after the African e-commerce specialist posted its first quarterly earnings report as a publicly traded company, showing sluggish top-line growth and a widening loss despite some promising signs. Shares fell as much as 17.8% in morning trading but recovered most of those losses and were down just 3.2% as of 12:46 p.m. EDT as investors tried to make sense of the report.

Jumia showed off some impressive figures as gross merchandise volume (GMV) increased 58% to 240 million euros, which drove a 102% increase in marketplace revenue to 16 million euros. However, first-party revenue fell 21% to 15.6 million euros, which was in part due to a strategic shift to focus on higher-margin third-party marketplace revenue. Therefore, overall revenue rose just 12.3% to 31.8 million euros, or $35.6 million, which was short of estimates at $39.8 million.

Active customers grew to 4.3 million from 4 million in the fourth quarter and 3 million in the quarter a year ago. On the bottom line, the company’s net loss widened from 34.1 million euros to 45.8 million. Jumia did not report results on a per-share basis.

Just after the quarter ended, Jumia also entered into a partnership with Mastercard (NYSE: MA), which made a 50-million-euro private placement concurrent with the IPO, to focus on the e-commerce company’s JumiaPay payment platform as well as co-branded products like credit cards

JUMIA FULL Financial Report

GMV grew by 58%, leading to a 102% increase in Marketplace revenue

Jumia continued to deliver cost efficiency improvements

JumiaPay entered into a strategic partnership with Mastercard who also made a €50 million investment in Jumia

LAGOS, Nigeria–(BUSINESS WIRE)–Jumia Technologies AG (NYSE:JMIA) (“Jumia” or the Company) announced today its financial results for the quarter ended March 31, 2019.

“Jumia delivered excellent results during the first quarter of 2019: strong GMV growth of 58% leading to 102% growth in marketplace revenue, year-on-year improvement of 356 basis points of Operating loss as a percentage of GMV and further development of JumiaPay, highlighted by the investment by and partnership with Mastercard,” said Sacha Poignonnec and Jeremy Hodara, co-CEOs of Jumia. “We believe that Jumia is increasingly relevant for consumers and sellers in Africa. Looking ahead, we remain focused on our core operations, driving consumer adoption and engagement on our marketplace, increasing the penetration of JumiaPay, while continuing to improve our financial profile and making a sustainable impact on the continent.”

Business highlights

• The €50 million investment by Mastercard into Jumia, in a concurrent private placement with our Initial Public Offering, marked another milestone in the development of JumiaPay and a validation of its potential. We are partnering with Mastercard on a number of initiatives, including the development and marketing of co-branded products (i.e., cards, virtual cards and quick response codes).
• In the first quarter of 2019, our marketplace continued to gain depth and diversity as we focused on attracting quality sellers to our platform and providing our consumers with an expanding range of products and services. An example of this strategy is the partnership we announced this quarter with the technology leader Xiaomi. As part of this partnership, we are opening the Mi official store on our platform with the ability to offer a number of Xiaomi products on an exclusive basis. This demonstrates the attractiveness of Jumia as a destination of choice for high profile international brands, giving them access to millions of potential consumers in Africa with one partnership.

Financial highlights

• Gross Merchandise Volume (“GMV”) grew this quarter by 58% on a yearly basis, on the back of strong marketplace growth, leading to a 102% increase this quarter in Marketplace revenue on a yearly basis. Our strong GMV growth combined with the attractive value proposition we offer both sellers and consumers are a key engine of monetization, which we derive from diversified revenue streams such as Commissions, Fulfillment, Value Added Services, Marketing and Advertising services.
• Gross Profit margin as a percentage of GMV increased from 5.6% in the first quarter of 2018 to 6.5% this quarter, as a result of the increased GMV monetization rate. Our Gross Profit also exceeded Fulfillment expense this quarter.
• We continue to have a strong focus on cost efficiency. Leveraging our strong brand awareness and highly localized marketing approach, we have been able to gain 205bps of marketing efficiency this quarter, bringing the Sales & Advertising expense from 7.2% of GMV in the first quarter of 2018 to 5.1% in the first quarter of 2019.
• Adjusted EBITDA loss as a percentage of GMV improved from negative 19.8% in the first quarter of 2018 to negative 16.4% in the first quarter of 2019.