Non fungible token – another scam
Non fungible token (NFT) uses blockchain technology to create a unique record. A person can create a NFT to represent any asset and sell it to a buyer for a large sum of money. The buyer buys the NFT token and not the asset. Someone asked for my view about NFT. I said that it is another scam. The buyers think that the NFT will...
Abandon purchase of Twitter for $44 billion
When Elon Musk announced his offer to buy all of Twitter shares at $54.10, the stock price increased to $51.70. The market cap was $39.5 billion (based on 764 million outstanding shares). Since then, the stock price dropped 25% to $38.20. The market cap dropped by 24% to $29.2 billion. This followed the possible withdrawal of...
A new social media platform that provides quality posts
Here are my views about the new social media platform that Elon Musk can build, if he does not buy Twitter. 1. All users have to be authenticated (i.e. no fake users, duplicate users or bots are allowed). 2. Each user can follow other users - like Twitter and Facebook 3 Any user can create a post and tweet (send) it to its followers...
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