Buffet’s Million Dollar March Madness
It’s that time of year again when family and friends pit their luck to guess the winning bracket. This is the third year Warren Buffet has hosted his annual March Madness bracket contest for employees of Berkshire Hathaway. Employees have the chance to win a cash prize of $100,000 for whoever goes the furthest. If a lucky winner makes it through the sweet 16, he or she will receive a sweet $1 million a year for life. However, the odds are not in our favor. It’s a 1 in 282 trillion possibility of randomly guessing a perfect sweet 16. With the recent Loyola upset over Miami, and Buffalo over the Wildcats, Buffet can sleep easier tonight.
(Source: Forbes)
Lyft Tests Monthly Subscription
Lyft is “lyfting” a key component in Netflix’s business strategy. Currently, Lyft is venturing into a subscription-based model, trying to find the balance between profitability and how much users are willing to put down. With the subscription model in place, users may feel financially bound to utilizing Lyft and maximizing their subscription, creating a higher switching cost for users. We may see more users switch from similar ride-sharing apps like Uber to take advantage of bulk pricing.
(Source: TechCrunch)
Google Bans Cryptocurrency Adverts
Google is playing the role of “big brother,” by screening out Cryptocurrency adverts. Google puts its users first by protecting them from the lack of consumer protection that many of these advert’s services promote. What does this mean to the everyday user? We should soon see little to none advertisement pertaining to Cryptocurrencies spanning from YouTube to GoogleAds.
(Source: BBC)
