Big Money, Day Traders Both Love Japan Tech Darling Mercari

(Bloomberg) — Mercari Inc., the online flea-market operator that has become one of Japan’s most closely watched tech ventures, is closing in on new highs as the stock has drawn both big and small money.

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The company has already grown to command the largest weighting on Japan’s startup-focused Mothers index as individual investors buy in — of some 230 of the largest Japanese companies with market value of over $5 billion, Mercari has the third-highest percentage of individual shareholders. Then on Oct. 7, Los Angeles-based money manager Capital Group declared it had taken a 5% stake in Mercari.

That’s helping propel the stock to near the 6,000 yen mark it hit just once, on the day it listed to great fanfare in 2018. After a rapid decline, the stock has worked its way back up this year, fueled by its first quarterly operating profit. That’s been helped by the coronavirus pandemic, which has boosted usage of its online marketplace where users buy and sell items.



graphical user interface, chart, histogram: Mercari shares are nearly back to the post-IPO pop


© Bloomberg
Mercari shares are nearly back to the post-IPO pop

Mercari fell 0.2% in Tokyo on Tuesday. A gain of just 3.3% in the next trading session would see it match the 6,000 yen high.

Mercari is something of a rarity in Japan, which has few tech startups that have swelled to the size of the $8.6 billion company, according to Ikuo Mitsui, a fund manager at Aizawa Securities Co., who is still bullish on the firm after the share surge.

“In Japan there are very few companies like this, light on assets and not requiring large-scale capex,” he said. That’s why many are piling onto the stock, he added.

Video: Twilio CEO on the company’s stock jump and market opportunity (CNBC)

Twilio CEO on the company’s stock jump and market opportunity

Money Reimagined: Fixing the Internet’s Big Flaw

The Money Reimagined Podcast

After reading this newsletter, make sure you check out the latest edition of our podcast. 

This week, Sheila Warren and I talk to Hyperledger Executive Director Brian Behlendorf about self-sovereign identity, the topic of the column below. A developer whose three-decade career has seen him deeply involved in efforts to foster a more open internet, Brian grasps, like few others, the nuances of how human beings should live within a rapidly changing digital economy.

Getting internet identity right, 30 years on

We tend to think of governments, with the data they collect on births, drivers licenses, tax returns and passports, as humanity’s primary identity managers. 

Arguably, internet platforms have usurped that role. Some store more identifying records than China – Facebook has 2.7 billion active users; Google manages 1.5 billion email accounts. Just as important, they can tie those records to our online behavior and gather immense predictive power. Facebook’s algorithm even knows if you are going to break up with your partner – before you do.

This isn’t another Facebook-bashing column. It’s just that its all-knowing power highlights how the fundamental human question of identity has changed in the internet age. 

It also illustrates why we need a new “self-sovereign” model of identity to match our digital existence and why the latest moves toward that deserve widespread support.

Flawed from the start

An original sin was committed at the internet’s conception: its underlying, decentralized architecture was built without an identity layer.

The internet’s founders had good intentions. To ensure universal availability, the system controlled access by assigning addresses to computers but was agnostic about the identities of the people, companies and devices using them. As a famous New Yorker cartoon quipped in 1993, “On the internet, nobody knows you’re a dog.”

This became a problem

Illegal Money Flows From Africa Near $90 Billion, U.N. Study Says | World News

GENEVA (Reuters) – Africa is losing nearly $89 billion a year in illicit financial flows such as tax evasion and theft, amounting to more than it receives in development aid, a U.N. study showed on Monday.

The estimate, in the United Nations Conference on Trade and Development’s (UNCTAD) 248-page report, is its most comprehensive to date for Africa. It shows an increasing trend over time and is higher than most previous estimates.

The report calls Africa a “net creditor to the world,” echoing economists’ observations that the aid-reliant continent is actually a net exporter of capital because of these trends.

“Illicit financial flows rob Africa and its people of their prospects, undermining transparency and accountability and eroding trust in African institutions,” said UNCTAD Secretary-General Mukhisa Kituyi.

Junior Davis, head of policy and research at UNCTAD’s Africa division, told Reuters the figure was likely an underestimate, citing data limitations.

Nearly half of the total annual figure of $88.6 billion is accounted for by the export of commodities such as gold, diamonds and platinum, the report said. For example, gold accounted for 77 percent of total underinvoiced exports worth $40 billion in 2015, it showed.

Understating a commodity’s true value helps conceal trade profits abroad and deprives developing countries of foreign exchange and erodes their tax base, UNCTAD said.

Tackling illicit flows is a priority for the United Nations, whose General Assembly adopted a resolution on this in 2018, and the report urges African countries to draw on the report to present “renewed arguments” in international forums.

(Reporting by Emma Farge; Editing by Steve Orlofsky)

Copyright 2020 Thomson Reuters.

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10 Green Gadgets That Save The Planet And Your Money

The historical past of gadgets spans as far back as humanity itself – since hominids began creating instruments to make their lives easier. I pointed out to him, that our fax has been down earlier than, and I’ve written like that earlier than, and believe it or not lots of people will both not read or simply delete the e-mails (placed on the block listing). Within minutes of plugging the gadget into the USB port it is attainable to start making calls with it.

Now these are among the newest expertise gadgets and could be loved by anyone, although men and boys are inclined to favour these gadgets the most. That is about the only time it is excusable and people who do make the error like that would not write in all caps the remainder of the time.

I ordered one and I admit, I could not stand having to keep my laptop computer (MacBook) on on a regular basis simply to use the magicJack, but the quality and service was so good that I made a decision to switch my T-Cell service with it. So, what I did was go on eBay and buy on outdated Toshiba Tecra laptop computer with Windows ninety eight on it for $forty, improve it to Home windows XP and hook my magicJack up to it, then shut the lid and pop it in the closet and run a phone cord to my Uniden cordless phone.

If anybody reading right here is contemplating buying a second-hand MagicJack your downside is one they should be aware of. People always hope to maintain the most unforgettable and beautiful moments in their life without end and with a digital digicam, you may have no problem to record the moments that touch your temper at anytime.

There …

How To Wreck A Business Online If They Ripped You Off And Get Your Money

Internet research has develop into more and more necessary as a supply for info and ideas when writing research papers, time period papers, and essays. At the moment I must say that Google Chrome is my favorite browser not just because of the speed I get out of it, but in addition that the extensions and add-ons really swimsuit my needs. I’ve just up to date this hub on using pictures and photos legally on your web site – so there’s now a listing of internet sites the place you may get free images.

As an illustration, the scale of your homepage is 1 KB, every time people view this particular web page will value you 1 KB data switch. Internet Advertising means to do advertising and marketing on-line. I fairly like this one for generic net images representing business, cash, and so forth.

Advertising your services or products on the Internet could be very difficult especially when there are already a really massive variety of parallel businesses promoting similar services and products. Then linked to the Internet and set up Google Chrome with Adblock Professional.

Google is a very great tool and a lot of people rely on its services – the webmaster tools, analytics and adsense. I know that there are hundreds of thousands of people on the market, that in the event that they knew this, would not consciously waste the money of enterprise house owners by clicking a hyperlink when they are not a potential buyer.

Essentially the most fundamental ways you may make sure you’re Roku 2 player is receiving one of the best Internet signal doable from a wireless router is by position the player so it has a transparent line of sight with the wireless router and also disconnecting different wireless-enabled units which …