Who's flying the bluebird
Dorsey Out, India's first Neo-Bank for Teenagers, Vending Machines snitching humans.
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Dorsey resigned
There was immense pressure on Twitter to accelerate its product innovation. The engagement was going soft, the controversies were rising and many analysts agreed it was time for a change, given the attention Twitter needs to keep pace with its peers like Facebook/Meta and Tik-Tok. Jack Dorsey resigned this Monday as he was unable to juggle with both of the companies he founded- Twitter and Square (An American financial services and digital payments company founded in 2009 by Jack Dorsey and Jim McKelvey). His replacement is Parag Agrawal, Twitter's 37- year old Chief Technical Officer. An IIT and Standford alum who earlier worked with Microsoft, AT&T, and Yahoo before joining Twitter in 2011. In 2017, he was promoted to the role of Twitter CTO. The investors and stakeholders are betting high on him to raise Twitter's growth.
It's not the first time that a brown CEO is appointed to rescue an American-based Multinational company.
India’s first Neo-Bank for Teenagers
FamPay is India’s first Neo-Bank for teenagers which will revolutionize the idea of the pocket money concept in India and give financial freedom to those who are below 18 and could not use digital money to such an extent. Started by two IIT Roorkee alumni, Kush Taneja and Sambhav Jain. They have raised $38 Million in their initial rounds of funding. It offers numberless cards to teenagers which makes it easy for them to pay online as well as offline via FamPay card and mobile application. Teenagers can make these payments and transactions once their parents have allowed and agreed to the terms and conditions of FamPay without having a bank account.
FamPay is targeting the market segment which is still untapped and yet to be explored by many fintech companies. In the long-term, FamPay helps the younger generation and teenagers to the next step in their financial journey by making them somewhat financially free.
Vending Machines: A fun way to shop, hard way to lose a job
Vending Machines are the same ones that we have seen in malls, stations, and airports. We have been accustomed to vending machines for a very long time now, but what have you ever got anything more than a snack or a drink out of it??
Vending Machines are said to be taking over the retail sector with a bang. But, few economists are seeing them as major job eaters. After advancement in Automation and machines, the major chunk of the human population lost their jobs to them in the Agriculture sector (The biggest employer in the 1800s), to Industries (the 1980s and 1990’s), and in consumer retail and management service sectors to these automated task retail machines which vending machines are the prototype. Just these self-service machines have risen to a whopping 1.1 trillion USD Economy in 2015 which was around 700 billion in 2011. Countries with lower manpower have them as a boon but even relatively populous countries like the US have reduced almost 1 million jobs each year to these machines which were previously employing some humans in them. (Complete article)
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Team Rubric
Amazing issue, loved it!
Informative!