#0 Hey
Stuck in Suez, Tesla with Bitcoins, Shhh that Netflix 🎥
Hey, welcome to Edition 0 of Business News for Kids (BNFK for short; genius isn’t it?). With a lot of interest coming in we’re being asked what exactly will you all be covering? What better way to answer that than to give you a first hand primer. So here goes Edition 0, think of it as our Alpha Release :)
Wait, what’s an Alpha Release?! Read more below in our.. “Wait, what” section 🙂
About BNFK
Knowledge is at the heart of Being. To be more, you must know more.
With this weekly we help distill the latest, most interesting, knowledge and information about Business; and most importantly - we make it so that kids find business, as easy as pie :)
Edited & co-authored by a 11 year old & his Dad 🥸. We bring 50+ years of collective wisdom to you (pls don’t do the math).
If you’re forwarding this to someone (please please do), they can hit this 👇 to subscribe. It’s Free, if you want it to be!
Busy business this week 💼
Buy a Tesla with Bitcoin - Yes you read that right. You can now buy a Tesla using the cryptocurrency Bitcoin.
Netflix, an online streaming service, is rolling out policies to block sharing their password - did you know as many as a THIRD (30%+) of Netflix users share their password with others :) How will this move impact the Netflix stock? Discuss with Mum or a big person at home.
Google has cut commissions it charges to developers for hosting paid apps on the Google Play Store. But they’ve reduced these to 15% only for developers with billings under $1 million; and exactly at the same level as Apple. Price Fixing? Collusion? Discuss with Dad or a big person at home.
Public, a location-based social network in India just raised ₹300 crores i.e. $41 million from a clutch of investors at a valuation of $250 million 🤑 ; What’s a raise? What’s Valuation? We’ll cover it in Edition #1.
The UK launched a new £50 note featuring Alan Turing, the noted London-born mathematician and cryptanalyst that helped crack the Enigma code; learn more about the Enigma machine, and read the fascinating story of how he cracked it’s code here.
NOTE: You might come across some repeat bits from this Newsletter in Edition #1.
Wait, what is.. 🤔
Alpha Release: An Alpha Release is when a product has been partially completed and is just a test or sample of what the full product will be like. This issue though is turning out to be rather complete :)
Stock: A Stock or Share allows you to own part of a company. For e.g. a company can issue 100 stocks or shares and if you buy, or get, 1 stock out of that, you own 1% of that company💰
Commissions: Commissions are a part % of any fee. Typically charged by a “middle” person or company to facilitate a transaction.
Developer: Developers are people who make apps and software.
Tesla: A car company that makes electric, and autonomous, cars. Autonomous cars are cars that can drive themselves, without a human driver.
Bitcoin: A digital currency created, and owned, by the people. Usually currencies, be they $ or £ or ₹, are created by the Government of a country; however, Bitcoins have been created by a person(s) rumoured to be known as Satoshi 🥷. They are not always considered to be a legal currency.
Cryptocurrency: A digital currency. We’ll cover crypto currencies in lot more detail in a future issue.
Cryptanalyst: A person who is an expert at deciphering secret codes.
NFT: NFT or Non Fungible Tokens are a way to own, and trace ownership of, a digital file. The word Fungible means interchangeable, hence ‘non-fungible’ is used to signify something that is unique and cannot be replaced by any another. This file can be a work of art, a song, a video or even just a sound 👇 😱
Weird business 🥴
💨 Eeks..
🗼A container ship “longer than the Eiffel Tower” got stuck in the Suez Canal. Container ships are ships that carry goods and products from one part of the world to another. They are essential to international trade.
Inspiring business people to know 🙏
So that it’s easy to interconnect information, we try and cover someone thats been in the news or connected to a story in this Newsletter. But because it’s our first edition we thought we’d dedicate it to none other than.. Steve Jobs
Steve Jobs is the iconic founder of Apple, the maker of iPhones, iPads, and MacBook computers. He passed away in 2011, but is remembered by millions everyday even today. Read more about him here.
Stocks, stonks and.. ⚡️
Roblox (I don’t need to explain that one), listed 🥳 (we’ll talk about listing and stock markets in a later edition), more than 30 million kids/people use Roblox everyday with users like us spending a whopping $1.88 billion on it. Watch their fist investor day here and see their growth snapshot below:
Deliveroo, a food delivery company in the UK (that we order from every week 😜), also announced its plans to list in the London Stock Exchange
Mental models.. whaaaat! 🤯
My dad insisted we put this section in here, even though I protested saying its going to be a while before kids need to apply mental models. But hey, who knows it might help someone.. I’ll make sure we keep this simple though.
Growth Mindset - simply put, a growth mindset, is a way of thinking that says “hey, I’m always happy to, and seek to, learn new things”.
Tech, products, toys ++ 🤖
University of California San Diego just made aqua robots that can repair themselves. Watch here.
Nasa just released a ‘first-person’ video of the Perseverance rover of it coming into land on the martian surface. Read about it and watch it here; get real techy here.
Pro Tip: The magic of learning is in curiosity. Don’t shy away from clicking those hyperlinked texts to read and learn more. We mostly hyperlink to text we have read ourselves to make sure it is safe, but please be aware that comments and ads shown on these pages are beyond our control. We recommend using a kids friendly browser to view the links.
Disclaimers: Please preview, review, and make sure to pass on only that content which you feel is appropriate for your kids. Stocks covered are in no way a recommendation. We have near zero expertise on investing :)
Thank you so much for reading - Arv 👾 & Dad 👽
P.S. Parents, don’t freakout, Dad did most of the work on this one. If you learnt something new, or had a little laugh, please do share it. 👆