馃毇 Amazon Denies Bitcoin Rumors!

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Welcome to Roy Overload, the business, tech and finance newsletter. I'm Scott declary. This is what's making news today. Amazon says that acceptance of bitcoin payments is not happening anytime soon. Tesla registers ten times annual growth, with more than one billion dollars in net income, and Q to Two thousand and twenty one. The housing boom is over as home sales go below the sales figures registered in June of two thousand and twenty. And lastly, Jeff bezos offers a two billion dollar discount a NASA for the Lunar Lander contract. Let's jump right into it. So it Amazon. There was rumors about it accepting bitcoin. It's trying to quash those rumors. So, despite its introy interest in the crypto space, Amazon does not have any imminent plans to start accepting bitcoin is payment. The company categorically stated his position while responding to speculations around its specific, quote unquote, specific plan for cryptocurrencies. At the same time, the company refirmed its focus, focus, position on exploring what cryptocurrency payments...

...could look like for Amazon shopping customers. The speculations did not rise out of thin air. Recently, Amazon posted a recruitment note of seeking applicants for the digital currency and blockchain product league position. These speculations around Amazon's apparent adoption of crypto payments had an impact on the crypto market as well. After the job posting came into the public domain, city am, a London based financial paper, reported plans, obtained from a quote unquote company insider, of Amazon being ready to accept bitcoin is payment within this year. Prices of Bitcoin shot up by fourteen and a half percent after these reports were published. Tesla registers ten times annual growth, with more than one billion and net income in q two thousand and twenty one. So Tesla has announced its second quarter earnings and has all the right reasons to celebrate, to rejoice surpassing the mark of one billion dollars in revenue for the first time. The company is reported at one point one four billion in GAAP net income. This quarter, net income story, not not revenue. Q to Two thousand and twenty the gap net income of...

Tesla was a hundred four million. The revenue for the automotive sector came in at ten point two one billion, with a gross march of twenty eight point four percent. None of the earlier. Four quarters have ever seen this high margin. Apart from the automotive sector, the identity Tesla is most famous for. The company collected eight hundred one million dollars in revenue from its energy business and nine hundred and fifty one million from services and other revenues. That's crazy. So, besides the fact that it just makes a cool a cool billion dollars, services and other revenues are still pulling in almost just as much. The energy business witness quarter of the growth of sixty percent and the comprise of solar photo, of Sodo, photo Val taics and energy storage systems for homes, businesses and utilities. The housing boom is over, as home sales go below the sales figures registered in June two thousand and twenty. So June twenty, June twenty twenty. Report suggests that the housing boom is over. While in May two thousand and twenty, the market witnessed single family home sales of seven hundred twenty four thousand, in June of two thousand and twenty it was...

...six hundred and seventy six thousand, a six point six percent lower on a monthly basis national average on an annual scale. The drop was even further. In June, two thousand and twenty two sales figures were recorded at eight hundred thirty nine thousand. Following the supply demand and I'm dynamics of depleting sales, the inventory of new homes for sales reach to six point three months supply in June from a five point five months supply in May. During the last fall, the inventory was even much lower, at a mark of just three point five months. The drop in new home sales went against the expectations of various analysts. So again they were they were wrong. But in June they were expecting a sales to increase by three point four percent, although the price went up as expected. The price of newly built homes in June two thousand and twenty one was six percent higher than that that was recorded in June of two thousand and twenty despite being despite being significan annual growth, six percent was still low compared to the fifteen to twenty percent annual gains recorded in months previous. A Year of high purchase traffic has resulted in double digit price means. And...

...what that's what's led to lower sales, despite the demand still being there. Industry experts believe that there is another reason why prices have gone up, as construction costs have shot up significantly. To recover their investments, builders are catering to the higher end of the market, taking affordable homes away from potential buyers. And Jeff bezos is offering a two billion dollar discount to NASA for the Lunar Lander contract. So the fight for space is heating up. Last year, SPACEX, owned by Elon Musk, won the human lunar landing system contract. This time Jeff bezos desperately wants to win it. So bezos is made an enticing offer of a permanent waiver to the tune of two billion dollars in contract payments for the first two years if NASA incorporates Bezos has blue origins. Blue Moon Lunar Lander to a key phase of the agency's human landing system program it is the program that calls for landing the first humans on the lunar surface in decades. Moreover, Bezos has also announced plans of a self funding of self funding a blue moon test launch to low earth orbit. According to estimates,...

...this effort would cost hundreds of millions of dollars. All concerned parties are now looking forward to the government accountability offices emminent ruling on a formal protest of NASA's Awar to SPACEX, filed originally by blue origin this spring. According to a NASA spokesperson, the agency is aware of beazos is proposed proposal. However, he did not make any further comment, keeping the integrity of the ongoing process in mind, and a few other bits of information from around the web and Georgian A. Nfts are everywhere, tokens are everywhere, and a coming together of what is possibly the most classic form of art with some of the newest development in the world of art finances. NFT market places teamed up with the St Petersburg based State Hermitage Museum. They're tokenizing the masterpieces of various high profile artists, from Leonardo Da Vinci, Vincent Vango, Claude Monet Georgian Ay. It's an incredible collaboration. Tesla impaired by Bitcoin, as the company does not account for bitcoins as a market to market asset. Bitcoin related impairment caused...

...drags on Tesla's quarterly earnings to the tune of twenty three million. After the price of bitcoin slumped and nft drop. The NBA Chicago Bulls have teamed up with shopify, the e commerce platform, to have a recently integrated suits and FT market place to launch an nft drop. And lastly, social media giants are battling terrorism. Fighting against terrorism. A range of white supremacist groups and far right militias will now be formally recognized as terrorist organizations by facebook, twitter, Google and Microsoft. That's it for today. Hope you enjoyed. If you found any value, share with your friends, family, piers, Co workers. They can go subscribe at newsletter that are.

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