September 2020

BizTrailBlazer-Blog-The-Business-Model-of-Dream-11

How Dream 11 Makes Money – The Business Model of Dream 11

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Like many other Indians have you ever thought how Dream 11 makes money? What is the revenue model of Dream 11? Back in 2008, when India Premier League was launched, it was like a never seen before the event in the Indian Cricketing history. With the start of IPL, another fantasy sport named Dream 11 also started its journey in 2009. This fantasy sport was started by two childhood friends and avid cricket fans named, Bhavit Sheth and Harsh Jain. They started the company with a belief that the sports fantasy league can make it big in a country where cricket is considered a religion. In this article, we will look into the ways how Dream 11 makes money in India. The idea of starting Dream11 came in the year of 2008, which was the first year of IPL. At that point in time Harsh, who was familiar with the EPL fantasy football, started looking for a similar platform in order to play fantasy cricket in India. However, he was shocked after finding out that India lacked any such fantasy games, even after considering cricket as a religion. So, after finding a new niche, Harsh started his quest of building the fantasy league for India, which eventually laid the foundation stone of Dream 11 the fantasy league with Bhavit. Soon, the two started experimenting with Dream 11 and found a perfect product for the Indian market in 2012. Since then Dream 11 the fantasy league evolved into the biggest fantasy sports gaming platform in India. This fantasy sport currently offers Cricket, Football, Basketball, and Kabaddi. However, we will talk only about how the cricket fantasy league app Dream 11 makes money in India. This year itself Dream Sports, which is the parent company of Dream 11 raised a massive $225 million in its latest funding round. This new funding has also helped the firm, which loves to call itself as an ‘end to end tech company’ to achieve a valuation of $2.5 billion. Currently, the company has more than 10 crore fans, and investors, which makes it the largest fantasy game in India. However, with so much valuation and user base, people across the country were eager to know how dream 11 makes money for itself. How to Play Dream 11 Fantasy Cricket In order to know how Dream 11 makes money in India, at first you need to know that how to play Dream 11 fantasy cricket, you need to create a Dream 11 account on the app or on the website. the next step is creating a team. Every user gets 100 credit points to create a team, and a total of 11 players from both the playing 11 needs to be chosen. All 11 players should comprise the following categories; Wicket Keeper (1-2) Batsmen (3-5) Allrounders (1-3) Bowlers (3-5) In order to play Dream 11 Fantasy Cricket, one can easily see information regarding players, credit required, and total points in the app itself. One can add a player to his/her Dream team according to their statistics and the probability of winning. In order to make money from Dream 11, the user must choose a captain and a vice-captain for the team. Please note the captain scores 2x points for the user and the vice-captain scores 1.5x points. Users can also create multiple teams, which increases the chance of winning. Also, it is worth noting that, users can make changes to their squads until the deadline of the match is reached. Can We Earn Money from Dream11 Over time we have come across quite a common question like, ‘how to earn money from fantasy cricket?’ The answer would be, Yes! definitely, we can earn money from Dream11 or from any fantasy cricket app. It will completely depend on the players you have chosen. However, please keep one thing in mind, while playing this game you can lose money quickly, as it is quite an addictive game and lures you to invest more to earn more. Now with all these, you might ask how Dream 11 makes money in India? Or What is the revenue model of Dream 11 in India? The Revenue (Business) Model of Dream 11 / How Dream 11 Makes Money Now the question is how does dream11 make money? As already stated, when launched, Dream 11 was a completely new concept in the Indian cricketing world. There were no such Indian fantasy sports available before Dream 11. So, it helped the company to drive massive numbers of traffic to its website, which also helped people to earn money. However, for many, a major question is how Dream 11 makes money in India? The Dream 11 app charges an entry fee from the users when they join a contest. Now 20% of the fee gets deducted as the commission and the rest 80% gets distributed amongst the winners of a match. As an example, if there are 10 users and Dream 11 charges 100 from each, then the total amount is 1000. So, 20% of 1000 is 200, which adds to the revenue of the owners of Dream 11 and the rest 800 is distributed amongst the winners. This is the way how Dream 11 makes money in India. So, if you want to make some quick buck and you have some knowledge of Cricket, or Football, or Basketball, or in Kabaddi then you can start playing Dream 11. Even if you don’t have that much knowledge in these sports, you can then participate in free contests to hone your skills. And, don’t worry Dream 11 is completely legit, I myself have played multiple games and won over 5000 Indian rupees.

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7 Best Cybersecurity Tools To Use in 2020

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Cyber Security! One of the most fascinating, yet the most complicated part about the internet. Due to increased dependency on technology the world is seeing a high number of cyberattacks, which made cybersecurity one of the top priorities for many organizations. Successful attacks often result in devastating consequences for the victim, including financial losses, compromised data, damaged reputation, and others. Additionally, cyberattacks can also lead to litigations where regulations like GDPR can impose a massive fine. Realizing that building a 100% secured system is nearly next to impossible, due to the broad area of cybersecurity. Therefore, monitoring the IT environment in order to uncover various vulnerabilities before cybercriminals exploit them can result in optimum security. In this article, we will talk about ‘7 best cybersecurity tools to use in 2020.’ As cybersecurity leaders, we have to create our message of influence because security is a culture and you need the business to take place and be part of that security culture. Britney Hommertzheim Metasploit Metasploit consists of a great collection containing multiple tools for carrying out various penetration testing exercises. It is one of the most well-known software used for cybersecurity. Cybersecurity professionals across the planet use Metasploit in order to achieve different security objectives. These objectives can range from identifying vulnerabilities to managing the completed security evaluations. This tool can test the security of different systems, which may include web-based apps, servers, networks, etc. It identifies new security vulnerabilities, ensuring round-the-clock security. Wireshark Another tool in our list of ‘7 best cybersecurity tools to use in 2020’ is Wireshark. This is a console-based cybersecurity tool formerly known as Ethereal. Wireshark analyses network protocols in real-time to know the presence of vulnerabilities. When it comes to scrutinizing details related to network traffic at different levels, Wireshark is the most useful tool. The security professionals use this tool to investigate characteristics that individual data packets exhibit, which in return helps to identify the weaknesses of the network’s security. Netstumbler In our list of ‘7 best cybersecurity tools to use in 2020’, Netstumbler scores very high. It is a free tool designed for systems running on Windows OS. With this tool, security experts can now identify any open ports of a network. However, Netstumbler has no provisions for source codes as it was developed for only Windows systems. This tool is one of the most popular tools used for cybersecurity, mostly due to its ability to identify network vulnerabilities that may not be present in other tools. Snort Snort is a cybersecurity application mainly used for intrusion control, and it is also open source. Snort support several OS distributions including Fedora, Centos, Windows Platform, and FreeBSD. Thanks to the application’s easy to use nature, and flexibility when it comes to implementation of protocols and raw packet analysis, it is one of the most popular applications amongst ‘7 best cybersecurity tools to use in 2020.’ Nikto Nikto is one of the best cybersecurity tools in the list of ‘7 best cybersecurity tools to use in 2020.’ This is an open-source tool that can be used to scan various web-vulnerabilities and to manage them. The best part is, this tool also consists of a database consisting of more than 6400 types of threats. The inbuilt database provides threat data, that can be compared to the results of a web vulnerability scan. Developers frequently update the database with new data that can help to identify vulnerabilities a bit easier. Tor We have also listed Tor in our list of ‘7 best cybersecurity tools to use in 2020.’ Tor is a quite efficient tool when it comes to providing privacy to its users. This tool routes the user requests to different proxy servers, which makes it hard to trace their presence on the internet. POf Lastly on our list of ‘7 best cybersecurity tools to use in 2020’ is POF, a cybersecurity tool, which is being widely used to monitor networks. However, one of the biggest disadvantages of this tool is not releasing any updates for a long time. This tool is decently efficient and streamlined. It also doesn’t generate additional data traffic while monitoring networks. POf is quite fast and lightweight, which makes it one of the most widely used tools for network monitoring. So, here we have listed out the ‘7 best cybersecurity tools to use in 2020.’ If you have enjoyed reading this article, then don’t forget to go through our other cybersecurity-related articles.

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Top 5 IoT Trends that are Changing the World

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The Internet has come a long way, since the day it was invented. Thanks to the massive adaptation of the internet, it is gobbling up things at a massive rate. Other than your computer, laptop, phone, etc. things like light bulbs, refrigerators, air conditioners, and various wearables are also being connected to the internet at a very rapid pace. The trend to create an interconnected ecosystem is slowly becoming the fad in every industry. In order to realize how big the IoT industry has become in recent years, you must look at the forecast of the industry. According to predictions, there will be as much as 41.6 billion IoT devices by the end of 2025, and these devices will generate a massive 79.4 zettabytes of data. However, we still have five more years in order to reach this point. However, things are getting interesting slowly. So, we at BizTrailblazer have prepared a list of the top 5 IoT trends for you. IoT Based Vehicle Tracking With the massive acceleration of IoT, we can soon expect a surge in IoT based tracking and managing of vehicles. Thanks to IoT, organizations will be able to get much better insights regarding the driver’s behavior and also regarding the health of their fleet. Autonomous vehicles are on rage currently, and various companies that are working with autonomous tech are depending on the Internet of Things heavily. IoT Based Smart Homes These smart home systems are mainly designed to allow users to monitor various different parts of a household, that too remotely, and receive a notification whenever something changes. We all know, these features are widely being used in home security, but there’s also smart refrigerators, air conditioners, coffee makers, and even smart bulbs. Things like shower time limits or sensor-controlled lights are slowly becoming much more popular in houses nowadays, which in return saves water and electricity. IoT in Healthcare The Internet of Medical things is scaling up at a lightning pace. In the year of 2017, this was worth $41 billion, and in 2022 it is expected to reach as high as $158 billion. The Internet of Medical things can help with early warning systems, health monitoring systems, and with remote diagnostics by using intelligent devices. IoT and Smart Cities Each year, governments across the planet are investing more and more in IoT enabled traffic management systems. This kind of system gathers data and uses machine learning algorithms for quick and real-time analysis. With the growing adoption of cameras, sensors, alert systems, and thermal imaging systems IoT is becoming a part of our daily lives quite fast. This ecosystem of interconnected cameras and security objects and software will soon be used in much bigger numbers in order to prevent accidents, crimes and to keep residents safe. Smart Devices In the next few years, we will witness the mass adoption of smart devices including things like Apple Watch, Fitbit, and others. In return, these smart bands and devices help people to stay fit and reach their fitness goals by monitoring sleep patterns, weight, blood pressure, heart rate, daily activities, and workout. Conclusion Although the future seems exciting, this will bring some significant challenges for both the authorities and companies. We can’t even imagine the scale of this problem. During the first half of 2019, 105 million attacks were detected on IoT endpoints. Which eventually means, securing the connected devices should be the topmost priority for any organization or government agency. Imagine, if an autonomous vehicle or traffic management system gets hacked, how much problems it can create for other road users. Also, there’s a high chance of security breach in medical IoT devices, which can eventually leak sensitive information. So, currently, we need to stop using outdated products that no longer receive any kind of security updates. Also, we need to change the default password and keep updating the firmware on a regular basis, which will minimize the chances of attacks on your IoT endpoints.

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TikTok Ban has been Delayed

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A U.S federal court has delayed the ban on TikTok, and it will not go on effect from this Monday. This delay in banning TikTok will help American users to continue using this popular video app, while the court considers the legal aspect of the ban, and if the app poses a legitimate risk to the national security as claimed by the Trump Administration. Since the last few months, the U.S government has threatened to shut down the popular video app, due to the fears over data privacy. However, TikTok has denied any such claims. Currently, the U.S has more than 100 million TikTok users. Back on 18th September, TikTok filed a lawsuit against the Trump administration, and this Thursday also ByteDance owned TikTok filed a last-minute injunction to stop the ban, that was supposed to be effective from Sunday night. However, in a sealed motion the government asked the court to reject the injunction, which the government later refiled as a public motion. Later on, Sunday, the court gave its decision, with the formal opinion handed over privately to just two of the opposing parties. Mostly due to the nature of the sensitive materials that were included in the government’s motion. Both the parties have time till Monday in order to ask for any redactions before the publishing of the final opinion. This delay on TikTok ban is another episode in the continuing saga of this fight over the future of one of the fastest-growing social media apps in the U.S. Many thought that the deal between ByteDance and the U.S government has resolved the standoff between two parties, but due to the disputed deal between ByteDance and Oracle, the standoff is still ongoing. On the 6th of October, the Trump administration passed an executive order, stating that the app posed a threat to national security. The administration also passed a similar order on the same day on another Chinese company owned app WeChat.

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How Bitcoin is Mined – A Complete Guide

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There is a high chance that you’ve heard about the phrase “Bitcoin mining,” which is why you searched Google for a term like “how Bitcoin is mined,” leading you to our wonderful website. So, let me start by answering what’s Bitcoin mining? Bitcoin mining is a process that adds transaction records to Bitcoin’s public ledger, also named the blockchain. While this process is far less glamorous and equally uncertain, this mining process is often done by high-performance computers that can solve highly complex computational maths problems, which can not be done manually. However, the luck and work needed to solve such problems are enormous. Basically, the chance of a high-powered computer solving one of these problems is around 1 in 16 trillion. So, now you might ask why Bitcoin mining is needed. The answer to that is that it is needed so that each and every transaction can be confirmed and every one of the networks can access the ledger. It is also used to distinguish legitimate Bitcoin transactions from illegitimate transactions. And a miner gets a reward every time a new block is sealed off. So, instead of wasting any more time, let’s explore how Bitcoin is mined! Is Bitcoin Mining a Profitable Venture During its initial days, the Bitcoin miners or the early enthusiasts used to confirm transactions using their CPUs. However, things have changed drastically, with people starting to mine Bitcoins using industrial-level infrastructure. The easy money is not so easy anymore, and due to the growing nature of Bitcoin, it has become a lot more appealing for individuals and as well as for large corporations, which eventually has increased the competition by quite a few folds. So, now you may ask, is Bitcoin mining worth it? Err!! Yes! but currently, it is only profitable for those using high-powered machinery. If you are searching how Bitcoin is mined while planning for a smaller setup and smaller pools, you’ll spend more money on your electricity bill rather than generating some from mining. So, if you don’t have access to cheap electricity and high-powered machinery, getting a profit from Bitcoin mining is next to impossible. Additionally, if you stay in an area where the chances of power outages and network problems are high and you are still searching for the term how Bitcoin is mined, then you must abandon the search process immediately. However, as new mining software is developing and reaching new heights along with sustainable and cheap electricity coming into play, Bitcoin mining can be profitable for individuals in the near future. So, if you are searching for the term ‘how Bitcoin is mined’ with the intent of starting the mining process with a small setup, then this might not be the best time for you. However, if you want to invest in high-powered machinery, there are a few things you should remember!! Choosing the Right Hardware for Bitcoin Mining As Bitcoin mining involves a lot of complexity, it’s very important to invest in the right set of hardware. While answering how Bitcoin is mined? one can avoid hash rate. For Bitcoin mining hardware, the hash rate is a pretty big deal. It is basically the number of calculations that hardware can perform each second. And obviously, the higher the hash rate is, the higher the chance of solving the mathematical problem and collecting your reward. Hash rates are measured in mega-hashes per second, giga-hashes per second, and tera-hashes per second. Now comes electricity. It’s natural that the more powerful your hardware is, the more electricity you are going to need to run it. So, it’s always a great idea to consider the hardware’s electricity consumption in watts and to know how expensive your next electricity bill might be. Spending all your hard-earned money on electricity is never a good idea. To better understand your average energy consumption, you can look at the energy consumption number and hash rates. You’ll have to divide the hash counts by the number of watts to know that. So, you can now use an electricity price calculator or check your electricity bill to know how much it might cost you in cash. If you are searching for the term ‘how Bitcoin is mined’ with the intent of starting to mine Bitcoin, you must not overlook the electricity aspect, as it can cost you significantly. Additionally, you might need your computer to run the mining hardware in a few cases. It’s quite natural that your computer will draw power in addition to the mining hardware, which might reduce your profitability even further. Hardware for Bitcoin Mining During the initial days of Bitcoin mining, many people were drawn to it. At that point, Bitcoin’s value was nowhere near what it is today. This motivated many people to mine Bitcoin without the intention of extracting a lot of profit from it. At that point, miners used decently powerful computers and laptops to generate hash sequences and confirm transactions. Later, at some point, miners discovered the potential of high-end Graphics Cards to increase Bitcoin mining power. The Graphics card draws far less power, and results were much better than before. Later, dedicated mining hardware was introduced, which, in return, increased the mining capability by quite a few folds. The newly launched mining hardware eventually helped to start the Bitcoin mining industry. CPU for Bitcoin Mining While searching for the term ‘how Bitcoin is mined,’ the CPU is the least powerful part of the rig. During the initial days of Bitcoin mining, a computer and a decently powerful CPU were used to do all the jobs. However, with each passing day, miners started innovating, making CPU mining obsolete. GPU for Bitcoin Mining GPUs or Graphic Processing Units can’t be ignored while answering how Bitcoin is mined. These were specifically designed to calculate the complex polygons in video games, which made them great for solving complex transaction blocks. Even though they cost significantly more than CPUs, these GPUs gave miners an added advantage. Soon, the widespread

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Top Skills Every Salesperson Should Possess

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Do you know what are the Top sales associate skills, every salesperson should have to empower themselves in order to become a top performer? Here we have presented a detailed infographic (originally shared by XANT.AI) to find out more about the sales skills that set a salesman or saleswoman apart. To survive in this competitive environment, salespersons need a new set of skills. The best salespersons should have these qualities: 1. Understand the buyer’s needs 2. Sell in a buyer-responsive manner 3. Use psychology to engage the buyer 4. Establish trust with the buyer 5. Concise with their communication 6. Demonstrate subject matter expertise 7. Tell really compelling stories 8. Should be a good copywriter 9. Sell effectively over the phone 10. Socially active with target buyers 11. Personalize their interactions 12. Use a variety of marketing skills 13. Are more productive because of sales technology 14. Tie daily activities to quota achievement 15. Manage their pipeline like a portfolio “Before you sell/serve anyone, you must know every detail and history of your products,” said Dave Ramsey, author and sales trainer.

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How to Build a Strong Ecommerce Strategy – Beginners Guide

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Do you know how to build a strong ECommerce strategy for your business? The COVID-19 lockdowns have forced many businesses to consider their eCommerce options as an alternative to supplement their income. So what are you waiting for? Do you want to create a strong Ecommerce marketing strategy? Squarelovin share the stats you need you know in this infographic. This infographic outlines a range of key considerations for eCommerce processes, including the customer trends, customer preferences, their concerns and more other important points. They break things down as follows: Make it easy Make it personal Make it inspiring Make it fun The power of UGC

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How You can Avoid Ponzi Schemes?

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Are you someone, who would like to jump at any opportunity to put your money into such an investment, that promises you to give a market return that is too good to be true? However, if a broker tries to sell you any such deal, always use caution. You could be a victim of Ponzi Schemes, which is a type of fraud that has destroyed the lives of millions around the world for more than a century. In regular Ponzi Schemes, fraudsters will promise you to provide an incredibly good return amount, which is much more than a regular scheme. And you know what? They even deliver for a while. But the worst part is they aren’t investing anything. Instead, they are just using the new investor’s money to pay their obligations to the old investors, which also includes the returns that were promised. However, these operations are not viable enough and can’t bring in enough cash flow in order to sustain and eventually collapse. Although related, one should not get confused between Ponzi Schemes and Pyramid Schemes which often involve various fake multi-level marketing business opportunities. However, in both cases, money from new participants is used to pay those who joined earlier. Still, everything falls apart as the operations grow to an unsustainable level. So, below I’m sharing a few pointers to avoid Ponzi Schemes: Always Ask Question Don’t be afraid to ask questions. Even if you are approached by a relative, family friend or any financial institution, ask questions such as; What kind of returns I can expect to make and in what period of time? How much money do I need to put in the scheme? Is it even ‘guaranteed’ if that so how it is guaranteed and who guarantees the return? If the returns are not guaranteed, ask about the risks and potentials When and how can I get my money out? Continue to ask questions until you are completely satisfied with the information provided. And if you are not sure where your money is going, then you should drop the idea of investing. Always Verify if the Investment is Registered Ponzi Schemes mostly involve unregistered investments. So always start by asking the sales person if the investment is registered, and if he/she says that it is not registered, ask why. Even if the sales person says it is registered, then also you should verify that claim. Also, don’t forget to check your state securities regulator and FINRA’s market data. Bringing a Trusted Advisor is a Good Idea Always try to take your attorney or financial advisor while interviewing the firm. They might have a few questions that you never have thought of. If you don’t have an attorney or financial advisor, then you can take one of your most trusted friends, who can be your second set of ears. Always keep in mind, if you are told that it is not necessary to bring anyone along for the meeting or you don’t need to take any notes, even if you can’t take anything from the meeting then you should be wary regarding the company. The privacy part should come from you, not from the firm that you are interviewing to make an investment. Those who run the business of Ponzi Schemes, often try to hide the facts in order to get your investment. Try to Understand the Investment Don’t put your money into an investment that you don’t understand. You can find multiple resources online that will help you to learn how to evaluate opportunities for potential risks and gains. Don’t write a cheque or open an account in a firm that won’t fully answer your questions or who tries to discourage your questions by saying the investment is far too complex for laymen and you probably won’t be able to understand. So, here I’ve pointed out a few ways, through which you can avoid any Ponzi Schemes. Please keep in mind that you know who you are dealing with and you completely understand the investment before handing over your hard-earned money. People who are retired or those who are close to retirement are the most at risk of becoming prey to Ponzi Schemes. If you found something off, quickly report it to the concerned authorities and let them figure if the investment is authentic or not.

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Syfe, A Singapore Based Robo Advisor Raises $18.6 Million Funding

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Singapore based start-up Syfe, which wants to make investing more accessible in Asia, has announced that it has closed an $18.6 million Series A funding from a fintech-focused investment firm named Valar Ventures. This round was also participated by Presight Capital and Unbound, which is also a returning investor of Syfe and led the last year’s funding. The CEO of Syfe founded the company back in 2017. Like other firms, Syfe’s main goal is to make investing a more accessible affair. According to the firm, there’s no minimum amount required to start an investment and all the inclusive pricing structure ranges from .4% to .65% yearly. The firm currently serves customers based in 23 countries, but for the time being, it actively markets its services in Singapore, where the organization is licensed under the Monetary Authority of Singapore. A part of Syfe’s new funding would be used to expand its services in Singapore. However, the start-up hasn’t shared the actual number of its customers, it only says the number of customers and assets have grown by ten folds since the beginning of this year, and nearly half of its new customers were referred by its existing customers. Before founding the start-up Dhruv Arora was an investment banker at UBS Investment Bank, Hong Kong. He also served as a Vice President of Grofers, which is India’s one of the biggest grocery delivery services. In many Asian countries, people tend to put their hard-earned money in bank accounts or invest in real estate. However, due to the stagnation of property prices and interest rates consumers are looking for various other ways to invest. Currently, the start-up offers three investment products. The first one is a REIT portfolio that is based on the Singapore Exchange’s iEdge S-REIT Leaders Index. The second one is a diversified global portfolio with a mix of bonds, stocks, and ETFs, which can be managed automatically as per the investor’s risk level. And lastly, the Equity 100 Portfolio from Syfe consists of ETFs that include stocks from more than 1500 companies. The CEO of Syfe, Arora said, “We definitely want to be a tech-first platform, but we understand there is a value, especially as you deal with some of the older audiences who are in their 50s and 60s, who are still adapting to these technologies.” He also added, “They need to know that you know there is somebody out there to look after their products.” Currently, Syfe’s average user base is aged between 30-45. However, a growing bracket is people in their mid-50s, who are saving for their retirement. According to the company, people normally start with an initial investment of $7340 and around four out of five people regularly top up the amount. He also said, “I feel people have been rethinking their finances and the future.”

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China has No Reason to Approve the Oracle TikTok Deal- China Daily

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China’s state-backed English language newspaper China Daily, said on Wednesday, that China has no reason to approve the “dirty and unfair” deal that Oracle Corp and Walmart Inc. struck with ByteDance. According to the newspaper, this deal was based on “bullying and extortion.” The English daily said in an editorial, “What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair business deal on a legitimate company.” Since the deal, however, three companies are issuing various conflicting statements over the terms of the agreement. Although they hope, this deal will eventually allow the short-format video app from ByteDance to operate in the U.S, where the government planned to ban it on security grounds. ByteDance on one hand has said that it will establish a U.S subsidiary named TikTok Global, and it will own 80% of that. But on the other hand, Oracle and Walmart have said that complying with the executive order by U.S president Donald Trump, the majority of ownership will be on American hands. The editorial also added, “National security has become the weapon of choice for … Washington when it wants to curb the rise of any companies from foreign countries that are out-performing their U.S. peers.” According to the editorial piece, “ByteDance…. Stands to lose not only control of the company but also its core technology that it has created and owns.” It also added, “China has no reason to give the green light to such a deal.” Previously, another state-backed Chinese newspaper published a report by saying that “nor Microsoft, nor Oracle gets to buy TikTok.” Later there was speculation regarding a public offering from TikTok Global. However, after a sudden change of events, Oracle and Walmart struck a deal with the Chinese company. And soon after the deal, Oracle said in a statement, “Upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global.” This statement, on the other hand, differs from earlier reports, where Oracle and Wallmart had only a 20% stake in this new venture, while ByteDance had the control of 80%. Another Global Times editorial characterized this deal as “extortion.”

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How Dream 11 Makes Money – The Business Model of Dream 11

Top 5 IoT Trends that are Changing the World

TikTok Ban has been Delayed

How Bitcoin is Mined – A Complete Guide

Top Skills Every Salesperson Should Possess

How to Build a Strong Ecommerce Strategy – Beginners Guide

How You can Avoid Ponzi Schemes?

Syfe, A Singapore Based Robo Advisor Raises $18.6 Million Funding

China has No Reason to Approve the Oracle TikTok Deal- China Daily

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