3 min.
Editorial Invest in Slovakia
Get information from a selection of articles from other media. Our summary of each of them will save you time. You'll find news from the worlds of finance, technology, and real estate.
Mark Zuckerberg: so far unsuccessfully building a metaverse. He's ruining not only the company, but also his own fortune - Shares in Meta, the company that covers Facebook, Instagram, WhatsApp and Messenger, fell by 30 % in a single week. While the CEO is drowning billions in building the metaverse, investors would love to see a return to advertising. His personal fortune has shrunk by more than $100 billion in the past 13 months. Meta's Reality Labs, which is responsible for developing virtual reality and related augmented reality technology, has spent over $9.4 billion this year on metaverse development. "Over time, these will be very important investments for the future of our business," said Zuckerberg. "This is some of the most important historical work we do. People will look back on this decade and talk about the importance of the work that has been done here. Although we face short-term challenges in terms of revenues, the foundations are there for a return to stronger growth."
They develop plants that absorb harmful substances. And fight climate change - After four years of development, the company has introduced its first bioengineered houseplant, Neo P1. It is claimed to have 30 times the effect of conventional plants. "We call them plants with a purpose," Neoplants CEO Lionel Mora told US Forbes. "I don't think one can spend money on anything more important than a sustainable future." The company plans to distribute the first plants in late 2023.
What is going on in China? Is a collapse imminent? - Today, it appears that China, as the main source of global economic growth, may become a drag on it. Why is this and is China's collapse imminent? There are several reasons for the current situation. One is the trade war with the USA, which began under former President D. Trump and has only deepened with the arrival of J. Biden. Another is the communist government and the overall direction of the country. Other complications are the zero tolerance policy towards Covid-19 and the property market in particular.
Cryptocurrency exchange Binance is already in Slovakia. It wants to support local startups and education - While several big cryptocurrency players have recently announced massive layoffs, Binance is expanding its staff ranks. It wants to set up a centre for developers in Slovakia. "We need to focus primarily on the IT sector, which has been developing dynamically in recent years," says D. Fekete. The company will also strive to strengthen relations with the general public. It also plans to implement education about cryptocurrencies.
Rescue for Czech crowdfunding: the European Commission postponed for a year the need to obtain a license - The decision was adopted by the commission on 22 October. According to Filip Murar, this literally saves the Czech platforms. The Czech Republic was said to be "realistically unable to grant permits" as it only started implementing the regulation of the increasingly popular type of financing into its own laws in April. Thanks to the so-called single European passport, the positions of Czech platforms could thus be occupied by foreign companies. The need to obtain permission from the CNB has thus been postponed until 10 November 2023
Pleasant reading!
