Snapzu Business

Saturday, 12 September 2020

Electric-hydrogen truck startup Nikola is an 'intricate fraud,' report proclaims - Roadshow

Nikola isn't a new name in the automotive field. For years now, the startup has promised to change the world with fuel cell- and electric-powered semi trucks, and in recent months, investors bought in as the search for the next Tesla heats up. After years of it hyping proprietary technology such as "game-changing" battery tech, cheap hydrogen fuel and more, a new report alleges that the company has never had much at all.
Read more: https://www.cnet.com/google-amp/news/nikola-electric-hydrogen-truck-trevor-milton/?source=Snapzu

Friday, 11 September 2020

Data Shows 90 Percent of Streams Go to the Top 1 Percent of Artists

In its early days, streaming offered a glimmer of a utopian free-for-all: A music landscape where all artists had equal chances of making it big, where a $9.99-per-month endless buffet of music would drive listeners away from the mainstream and into the niche. Wired editor Chris Anderson was so optimistic in 2004 that he famously suggested that streaming would upend our notions of supply and demand, creating a “long tail” where the non-hits would get a bigger share than they ever had before.
Read more: https://www.rollingstone.com/pro/news/top-1-percent-streaming-1055005/?source=Snapzu

Amazon sold items at inflated prices during pandemic according to consumer watchdog

Amazon has been accused of price gouging on essential items like toilet paper and antibacterial soap in a report by consumer rights group Public Citizen. The report analyzed over a dozen products, including those sold by third-party sellers and items listed as “sold by Amazon.” It found that between the months of May and August, prices on some items more than quadrupled in price, seemingly breaking Amazon’s own Fair Pricing Policy.
Read more: https://www.theverge.com/2020/9/11/21431962/public-citizen-amazon-price-gouging-coronavirus-covid-19-hand-sanitizer-masks-soap-toilet-paper?source=Snapzu

Amazon Says It Was Not Price Gouging During the Pandemic When It Sold Toilet Paper for $36

Amazon and its third-party sellers saddled customers with astronomical price increases on essential products such as toilet paper, face masks, and hand sanitizer after the start of the COVID-19 pandemic earlier this year, according to a report published Thursday by consumer advocacy nonprofit Public Citizen.
Read more: https://www.vice.com/en_us/article/4ayevp/amazon-says-it-was-not-price-gouging-during-the-pandemic-when-it-sold-toilet-paper-for-dollar36?source=Snapzu