Edition 16
28 Million for Nothing, Indian IPOs for Everything
Bore da (bor-eh-dah) or good morning as they say in Welsh! Welcome back to another edition of Business News for Kids (BNFK for short; genius isn’t it? 🤯). Just as we churn out our sweet 16 edition, our subscriber base is on 🔥🔥🔥 and we’re wondering if its the right time to add in a section for Advertising 🤔. Would you advertise with us? Tell us. But.. Wait whats Advertising?! Checkout “Wait, what” 👇.
About BNFK
Knowledge is at the heart of being. To be more, we must know more.
With this weekly we distill the latest, most interesting, Business News 📰 .. to an emoji filled, ultra informative, Newsletter for Kids. A dad 👽 & son 👾 experiment, delivered every Sunday.
Catch our previous editions here > Edition #0 , Edition #1, Edition #2, Edition #3, Edition #4, Edition #5, Edition #6, Edition #7, Edition #8, Edition #9, Edition #10, Edition #11, Edition #12, Edition #13 👻, Edition #14, Edition #15.
If you’re forwarding this to someone, they can hit this 👇 to subscribe for Free.
Busy business this week 💼
While the Virgin Galactic flight soared high, mysterious bidder of the $28 million Blue Origin seat seemingly backed out 😱; sighting “scheduling conflicts”. We’re wondering whats more important than going to Space 🤔! They are being replaced by 18 year old Oliver Daemen, a certified Pilot 👨✈️. Making this space flight rather unique. It will have both the youngest and oldest person to go to Space; the oldest being Flight Instructor & NASA Women In Space programme participant Wally Funk, 82. Wooo hoo. 🎉
Ford 🚗 and GM 🚙 have decided to remove the title Chairman to be replaced with the way more gender equal and diverse ‘Chair’ 🪑. Just last week I was asking mum why are there only Chairman’s and not a Chairwoman 🤯💪🎉.
Netflix that long considered gaming 🎮 as its arch competitor, is now adding them as a whole new service in their app, planned to be launched within next year. They sure were serious about that competition 🤺.
This 👆 move is surprising especially so given 👉 Marvel movie, Black Widow, out last weekend, charged customers $30 for just renting the movie 💰 and made a cool $60 million from streaming service Disney+ 🤯. That's more than a quarter of all the $215 million Disney expected to make on the opening weekend ⚡️.
Source: Jay Maidment/Marvel Studios via Endgaget.com Reserve Bank of India 🏦, India’s central bank, has banned MasterCard from adding new credit card users in the country 😱. They seem to have been banned them because they didn’t follow local data 💾 storage rules.
Wait, what is..
Advertising 🎫 : When a product or service owner tells us about them. Here ‘us’ is ideally their Target Audience. Companies use various mediums to advertise e.g. TV ads 📺, Print ads via newspapers 🗞 and magazines, Radio ads 📻, Outdoor ads via hoardings, Digital ads via websites and mobile apps📱.
Target Audience: Those lovely people 👩🧑👨 that are most likely to use your product or service. Like you all for us 🤗.
Central Bank: Every country has a central bank 🏦, which is the primary authority that controls the production and distribution of money 💵 in that country. It also makes all related monetary policy.
Monetary Policy: Monetary policy is the set of rules and regulations that govern the production 💰 and distribution 💸 of money. Discuss some examples of monetary policy with Mom or a big person at home.
Neo-banking (useful later): New age banks 🏦, that use Technology to their advantage and offer their service mostly virtually, i.e. they don’t have a physical branch you can visit, and everything is done online. All you need is a mobile or PC to get banking ⚡️.
Woah 😱 Weird 🥴
A Super Mario video game, first released in 1996, kept sealed for the past 25 years 🤯, sold last week for $1,500,000 - aka a cool 1.5 million dollars 🤑. In doing so it became the most expensive Video game ever sold 😱. Can you guess it’s original price?
$1.5 million seems out of reach? How about $2,150 instead 🤣. For a watch ⌚️. A Super Mario 🍄 watch. Super Mario collectibles are clearly something.. enthusiast anyone ⚡️?
Inspiring business people to know 🙏
Meet Wally Funk, our inspiring person of this week. Her story is as cool as her name.
Exception alert: We usually cover a business person, but Ms.Funk’s story was way too inspirational to let our readers miss out on. Ms. Funk is an American Aviator 👩✈️ that broke the glass ceiling for women in aviation 🛩. She was the first female flight instructor, the first female investigator for the National Transportation Safety Board, AND for the FAA, that investigate plane crashes 😱. She was the youngest Graduate of NASA’s Women in Space 🛰 program, and one of its best performers, but was never allowed to become an astronaut. This week she is likely to become the oldest person to travel to space 🚀. Read more about her in this Guardian story. Ask Dad or a big person at home what does “breaking the glass ceiling” mean?
Stocks, stonks and.. ⚡️
Erstwhile startup, and Walmart owned Indian e-commerce biggie, Flipkart raised a booming $3.6 billion, resulting in an eye popping 🤩 $37.4 billion 🤑 valuation. We’re left wondering what’ll happen to their valuation at IPO 😬. Meanwhile, a report estimated that the Indian e-commerce market will reach $125 billion by 2025 🚀.
Source: GlobalData via Forbes.com Neo-banking app Revolut raised $800 million from investment biggies Softbank & Tiger Global, valuing them at $33 billion 🤯 🤯🤯 . Would you believe they were valued at $5.5 billion just last year 😱😱😱. Thats some growth.
Food delivery company Zomato had it’s IPO subscribed 38 times over i.e. people offered to buy nearly 38x the number of shares that were available 😱. Keeping up the IPO hype, PayTM, another Indian payment behemoth filed for its IPO and plans to raise $2.2 billion, ~2x of what Zomato plans to raise.
Revise 🥸: Raised, Valued, IPO from the Wait, What Glossary 👈
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. Mental models are nothing but ways of thinking, you can use as a framework, to take decisions or solve problems. Who knows, they might just be useful!
Inversion as a Mental Model ⏳ - When faced with a decision or desire e.g. "I want to get rich"💰. We may tend to think of the solution in only one direction - e.g. How do I get rich? What 'inversion' tells us is to think of the solution starting from the Opposite, i.e. inverted, view e.g. How will I get poor? ⚡️
How does inverted thinking help you might wonder? Well say if you asked "How do I get rich?" you'd think of solutions like "Let me invest in some high risk stocks" 🤑 or "Lets try the lottery" 💸 - in the process you may end up making some big mistakes and actually end up becoming poorer than richer.
Whereas, if you ask the inverted question "How will I get Poor?" you will think of answers like "By spending more than I earn" 💵 or "By not working to earn" etc. - in the process you will have discovered some very important rules that you MUST avoid and hence by following these you'll probably end up becoming richer than poorer. 🤟
Read more at this Farnam Street Blog or better still buy these books.Tech, products, toys ++ 🤖
TV and many-other-things-maker LG, just launched a rollable TV for.. wait for it.. $100,000 😱 🤯
Aston Martin debuted the production variant of it’s plug-in hybrid supercar Valhala. It is quite something. 🏎
Remember the SpaceJam movie website story with Michael Jordan, well LeBron James is the new star in the 2021 remake titled ‘Space Jam: A New Legacy’ and he’s coming to Fortnite, or atleast his Avataar is.
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. Images are copyrights of respective owners, we place image sources in caption or link the source website in related texts. Stocks or cryptocurrencies covered are in no way a recommendation and shared only for news / information purposes. We have near zero expertise on investing, and it’s always good to know that Cryptocurrencies are a highly risky, and even illegal, investment in many markets :)
Thank you so much for reading - Arv 👾 & Dad 👽 - Pls hit share to make someone’s day. And please take care. 🙏