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Showing posts from January, 2020

Elon Musk charged with fraud:-SEC

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by calvin chirayath, Business student The technology giant Tesla  CEO Elon Musk been sued by the Securities and Exchange Commission for fraud, the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint Shares of the automaker ,rocketmaker ,hyperloopmaker fell more than 13% in extended trading. The stock is roughly 30 percent below its 52-week high of $387. The fraud case was alleged on the bases of Musk issueing false and misleading statements As a result Elon Musk had to step down as chairman of Tesla, but remained as CEO. Briefly speaking, In August , Musk took to Twitter to reveal that Tesla had enough support from investors to take the company at a premium of $420 per share.However such a misleading tweets caused significant market disruption and later fined Musk and Tesla a total of $40million.. As a settlement with SEC Musk had to step down as chairman, which took a huge toll on him.         ...

MLM Will Ruin Your Life

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by calvin chirayath, Business student Just imagine, a luxury bungalow with a river view, a vaulted ceilings, lavish furnishings, and a swimming pool - until you wake up with your face in the cow-dung. That's multilevel marketing (MLM). MLM's are just like a snare trap- waiting for you to be caught. MLMs are pyramid schemes. They are just like a Haunting ghost because in order to make more money they sign up more and more innocent people and that will only later ruin your social relationship. Here is how they mostly work:You sign up and buy the startup kit,and then you start begging your friends and family to join on your "journey to financial succcess" and then you become friends with you hate and love and then guilt them into buying stuff they don't want or need. After you subject them to that, you then try to recruit them to join your team As with all MLMs , the real money to be made isn't selling their product but in recruiti...