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WATCH: Twitter Removing Over 1 Million Spam Accounts EVERY SINGLE DAY!

So, Twitter recently revealed a plan to remove one million fake bot accounts every, single day.

The company announced Wednesday that it will begin removing millions of accounts:

  • Bots
  • Inactive accounts from users’ follower numbers
  • Fake accounts

in all, the update will remove “tens of millions” of accounts from users’ follower number and impact around 6 percent of all follows on Twitter.

WATCH:

 

All of which begs the question: what the hell are Twitter bots?

What the Hell are Twitter Bots Exactly?

So, I looked it up and it turns out that Twitter bots are automated accounts that can do the exact same things as human beings do on Twitter. Except I picture them singing “I can do everything you can do- better,” while doing it.

For Example:

They can send out tweets, follow users, and even like and retweet postings by others. Which on the surface doesn’t sound nefarious, however in practice, that’s exactly what they are.

 

So What Are Bots Being Used For?

Spam bots can be programmed to drive traffic to a website for a product or service using fake accounts and reviews.

They can be used to spread political lies and promote messages. Or event disperse links to fake giveaways or financial scams.

Why is Twitter Removing Tens of Millions of Accounts?

After announcing his recent plans to acquire Twitter, Elon Musk said one of his priorities was to force the company to crack down on bots that promote scams involving cryptocurrencies.

Musk has asked Twitter’s executives to share more details on the company’s claim that it keeps the number of automated bots under 5%. Unless it can prove that bots represent less than 5% of the accounts being served ads on the platform, the $44 billion deal might… fly away.

 

For more information visit tylerhayzlett.com

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Technology

All Business with Jeffrey Hayzlett Is Now on Amazon Music

All Business with Jeffrey Hayzlett, the leading business podcast on C-Suite Radio, is announcing that it has been added to the lineup of podcasts on Amazon Music. All Business with Jeffrey Hayzlett brings to light conversations with some of the brightest minds in business where nothing is off-limits – the good, the bad, and the ugly, from Main Street to Wall Street.

Amazon Music is one of the largest on-demand streaming music services with over 55 million customers and growing. It’s also integrated with Alexa, giving podcasters the opportunity to reach millions of listeners and target potential customers.

“This is a great opportunity for our show and for our network as a whole. At C-Suite Radio, we always refer to the hockey stick of growth – and while this time has been challenging for many, the network has been growing rapidly and steadily,” said host Jeffrey Hayzlett. “With over 200 shows on our network, this is a great opportunity and I encourage other podcasts hosts to follow in our footsteps. Content is king and the ability to monetize that content has increased significantly.”

 

All Business with Jeffrey Hayzlett features insightful conversations around the most compelling topics in business today. Guests offer an astute perspective in the form of personal narratives, challenges faced, setbacks overcome, innovations pioneered, objectives met, and lessons learned. Past guests have included Beth Comstock, Steve Forbes, Piers Morgan, Gene Simmons, Kevin Jonas, Bob Guccione, Jr., Christie Hefner, Arianna Huffington, Andrew Zimmern, and more.

If you would like to submit your podcast to Amazon Music, visit this link and follow the steps.

If you have a business show you’d like to see on C-Suite Radio, contact us here.

If you would like to be considered as a guest on C-Suite Radio, fill out this submission form.

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Technology

All Business with Jeffrey Hayzlett Is Now on Amazon Music

All Business with Jeffrey Hayzlett, the leading business podcast on C-Suite Radio, is announcing that it has been added to the lineup of podcasts on Amazon Music. All Business with Jeffrey Hayzlett brings to light conversations with some of the brightest minds in business where nothing is off-limits – the good, the bad, and the ugly, from Main Street to Wall Street.

Amazon Music is one of the largest on-demand streaming music services with over 55 million customers and growing. It’s also integrated with Alexa, giving podcasters the opportunity to reach millions of listeners and target potential customers.

“This is a great opportunity for our show and for our network as a whole. At C-Suite Radio, we always refer to the hockey stick of growth – and while this time has been challenging for many, the network has been growing rapidly and steadily,” said host Jeffrey Hayzlett. “With over 200 shows on our network, this is a great opportunity and I encourage other podcasts hosts to follow in our footsteps. Content is king and the ability to monetize that content has increased significantly.”

 

All Business with Jeffrey Hayzlett features insightful conversations around the most compelling topics in business today. Guests offer an astute perspective in the form of personal narratives, challenges faced, setbacks overcome, innovations pioneered, objectives met, and lessons learned. Past guests have included Beth Comstock, Steve Forbes, Piers Morgan, Gene Simmons, Kevin Jonas, Bob Guccione, Jr., Christie Hefner, Arianna Huffington, Andrew Zimmern, and more.

If you would like to submit your podcast to Amazon Music, visit this link and follow the steps.

If you have a business show you’d like to see on C-Suite Radio, contact us here.

If you would like to be considered as a guest on C-Suite Radio, fill out this submission form.

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Accounting Growth Human Resources Investing Management News and Politics Personal Development Technology

Is This the Beginning of the End for Wayfair?

It’s been a big week for retail…

Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees. This comes after the company announced a hiring freeze back in May.

The layoffs represent about 5% of the company’s global workforce and 10% of its corporate team. 400 jobs are being cut in Boston alone at the company’s HQ).

This announcement came as an alarm to investors, causing the stock to plummet…

Wayfair’s Stock is Crashing…

For the first two years of the COVID-19 pandemic, the company was profitable. According to The Wall Street Journal, Wayfair’s stock fell by over 17% Friday morning.

Wayfair has been struggling to keep customers after a spike at the start of the pandemic. Earlier in August, Wayfair said it lost 24% of active customers since last summer.

Recent regulatory filings revealed that the job cuts will help Wayfair “manage operating expenses and realign investment priorities.”

CEO Niraj Shah wrote in an letter to employees that the layoffs were a “difficult decision” resulting from Covid-19.

“We were seeing the tailwinds of the pandemic accelerate the adoption of e-commerce shopping, and I personally pushed hard to hire a strong team to support that growth,” Shah wrote. “This year, that growth has not materialized as we had anticipated. Our team is too large for the environment we are now in, and unfortunately we need to adjust.”

 

Is This the Beginning of the End for Wayfair?

Wayfair had flourished at the beginning of the pandemic, when demand for inexpensive furniture and other home decor upgrades that it broke global supply chains and caused lengthy shipment delays.

But fast forward to the present economy, inflation has killed discretionary spending for  middle-income shoppers, who have pulled back their purchases to focus on paying for necessities like groceries, gas and rent. Wealthier customers have shifted their spending from furniture and other goods to travel and services. Mortgage rates have climbed significantly, cutting into demand for new homes as well (a key demographic for the company).

Overall, Wayfair posted a net loss of $378 million during the quarter. Wayfair’s shares have lost about 70% of their value since the start of the year. The layoffs will cost Wayfair between $30 million to $40 million for employee severance and benefits.

 

WATCH:

For more information visit tylerhayzlett.com

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Best Practices Biography and History Economics Entrepreneurship Industries Investing Management Mergers & Acquisition News and Politics Personal Development Technology

Is This the End of Shopify? Shopify Lays Off 10% of Employees

Shopify Inc. SHOP 1.90%▲ is cutting roughly 1,000 workers, or 10% of its global workforce, rolling back a bet on e-commerce growth the technology company made during the pandemic, according to recently shared internal memo.

Leaving many people wondering why?

According to the Wallstreeet Journal reported today, Shopify CEO Tobi Lütke says company made wrong bet on pandemic-fueled boom in e-commerce growth.

The main reason for the layoffs was rapid hiring to accommodate increased ecommerce shopping trends.

Basically, Shopify was betting on that the rapid Covid-era lock downs would increase in ecommerce shopping would continue as a trend, hastening a greater adoption of online shopping.

That didn’t happen…At least not for Shopify.

 

What is Shopify?

Based in Ottawa, Canada, Shopify is an e-commerce service that allows merchants to quickly build and customize websites for selling products online. In addition to plan fees, Shopify makes its money in part by taking a percentage of customer transactions. In short, they are a platform that enables users to create drop shipping sites.

 

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For more information visit tylerhayzlett.com

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Best Practices Culture Economics Growth Health and Wellness News and Politics Taxes Technology

WATCH: Will Electric Cars Save the Planet? Or Just Propaganda?

In a recent episode Valutainment’s Patrick Bet-David breaks down the myths surrounding the electric vehicle debate.

Which is timely considering Biden just announced that by 2030 50% of American cars need to be electric or EV’s.

WATCH:

 

But it’s obviously a  little bit more complicated than that.

Here’s why…

Patrick Bet David Breaks Down the Argument For & Against Having EV’s:

In a recent post the Valutainment team investigates and breaks down the argument for and against the environmental impact of the electric vehicle industry. Patrick breaks down;

  • Which industry will benefit the most from EVPS?
  • Who is hurt by EVs?
  • Are EV’s the new Diesel Scandal?

WATCH:

What is Valuetainment?

Valutainment is an entrepreneur channel created by Serial Entrepreneur, Patrick Bet-David. Valuetainment is referred to as the best channel for entrepreneurs with weekly How To’s, Motivation and interviews with unique individuals. About PBD: During the Iranian Revolution of 1978, Patrick’s family had to escape to survive and ended up living at a refugee camp in Erlangen, Germany. At 12 years old Patrick found himself collecting cans & beer bottles to raise money that could help his family and get him a Nintendo.
Thinking of buying an electric vehicle? Read this first…
For more information visit tylerhayzlett.com
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Best Practices Entrepreneurship Human Resources Industries Management News and Politics Personal Development Technology

Amazon Prepares to Launch Delivery Drones. Again…

13 years after Jeff Bezos promised the world drone delivery, it appears they might be making good on that promise soon. The company is planning to roll out its first city this year.

Which feels like something out of a sci fi movie. While it still seems logistically impossible for drones delivery to actually work, I wouldn’t bet against Bezos’ ability to pull it off…

If you haven’t heard of their drone delivery network yet, it’s called Prime Air.

So what the hell is Prime Air exactly?

 

What is Prime Air Anyway?

Prime Air, is a drone delivery service currently in development by Amazon that will deploy delivery drones to autonomously fly individual packages to customers within 30 minutes of ordering.

In order to qualify for 30-minute delivery, your order must be less than 5 lbs. The products also have to be small enough to fit in the cargo box that the aircraft will carry… and have an Amazon delivery location within a 10-mile radius of a participating Amazon fulfillment center.

 

Is This Actually Happening?

In late 2020 Amazon, along with Zipline, Wingcopter and 7 others were selected by FAA to participate in a type certification program for delivery drones. Operations are expected to begin in the town of Lockeford, California later in 2022.

After years of testing and delays, the company is finally set to launch. At least for products 5 pounds or less…

Watch this video to learn more.

 

WATCH:

 

How will Prime Air Actually Work Though?

When a customer places an order eligible for Prime Air, they’ll receive an estimated arrival time and status tracker for their package.

The drone uses a sense-and-avoid system to safely fly packages while also dodging obstacles such as other objects and aircraft.

“As our drone descends to deliver the package into a customer’s backyard, the drone ensures that there’s a small area around the delivery location that’s clear of any people, animals, or other obstacles,” said an Amazon representative.

Once it gets low enough, the drone will release the package and just fly off.

Is Anyone Else Doing Drone Delivery?

Walmart said their drone network could reach up to 4 million households in six states: Arizona, Arkansas, Florida, Texas, Utah and Virginia. Items including Tylenol, diapers and hot dog buns could be delivered in as little as 30 minutes…

Similarly, drone company Wing, owned by Google parent company Alphabet, announced in April plans to launch a commercial drone delivery service in Dallas. Walgreens is among the retailers partnering with Wing to offer items delivered by drone.

For more information visit tylerhayzlett.com

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Best Practices Biography and History Culture Entrepreneurship Industries Investing Management Marketing Mergers & Acquisition Negotiations News and Politics Technology

The Ukrainian Immigrant Who Sold WhatsApp to Facebook for $19.3B

Jan Koum is a Ukrainian-American billionaire businessman and computer engineer. He’s the co-founder and former CEO of WhatsApp, a mobile messaging app that was acquired by Facebook in 2014 for an absolutely mind boggling $19.3 billion.

Facebook paid $12 billion in stock and the rest in cash. What’s even more badass than the exit was the fact that Koum arranged for the $19 billion deal to be signed at the same welfare center he used to collect his welfare checks in his teens. Only this time, he drove there in his Porsche.

Jan moved to California from Ukraine when he was 16. As a young immigrant, Koum and his mother had to rely on food stamps. Koum became interested in programming and eventually landed a job at Yahoo! Where he worked for 9 years.

Then in January 2009, Koum bought an iPhone and realized that the then seven-month-old App Store was about to spawn a whole new industry for app creators.

WhatsApp was initially unpopular, but it quickly became one of the fastest growing apps on the market.  WhatsApp allows user to send messages, images, audio or video at a cost significantly less than texting.

The app gained a large user base. So large Facebook was monitoring the app for years obsessively. They were paranoid WhatsApp could eventually be a Facebook killer.

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Case Studies Personal Development Technology Wealth

Where’s My S@#&? Why Shipping Takes Soo Long Now…

90% of the world’s trade goods are transported by international shipping. Let that sink it.

When countries went into lockdown in early 2020, restrictions on peoples’ movements resulted in significant changes in consumption patterns.

An industry with an estimated 5,500 container vessels was caught off gaurd by the  COVID-19 lockdowns. Then, when Americans flush with stimulus checks embarked on a drunk binge spending spree a year later, there simple weren’t enough ships to meet the explosive demand.

Every able container ship was pulled into service in a scramble to reach U.S. consumers.

But with 40% of US imports going through southern Californian in LA, it had become common to see up to 70 ships just floating nearby waiting to offload the products we’ve been waiting for.

According to Peter Sands, chief analyst at Xeneta, a Norwegian analytics firm for the freight industry; “Everything is so out of its normal balance it will take more than a year for global logistics to unwind.”

As if things weren’t shitty enough, there’s also a container for Asian exporters. Those big ass steel boxes are returning to Asia at a rate of only one for every four arriving in the U.S.

The global supply chain network is on its knees. After a fall in shipping demand during the early days of the pandemic in 2020, a surge at the end of that year led to delays, port traffic jams, and blockages across the world. Now, containers are jammed up in ports due to rising demand and a continuing shortage of dockworkers and truckers.

Don’t look for any solutions coming soon, supply chain experts predict the to remain a backlog in shipping to American ports that could last into early 2023.

The logjam has sent shipping costs to record highs up 449%.

So what’s the solution?

The shipping industry is lobbying for local governments to increase spending on critical parts of the supply chain. Specifically ports, railways, warehouses, and roads in order to increase capacity and cope with ongoing demand.

 

WATCH:

For more information visit tylerhayzlett.com

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Best Practices Case Studies Personal Development Technology

How Amazon Quietly Built the Biggest Shipping Company on the Planet

When the world took a pause during the pandemic, Amazon quietly hired an extra 400,000 workers to deliver goods from its warehouses across the country, pushing its total employee count to 1.1 million people.

People hit the buy button on Amazon.com about 13 million times a day. That’s over 66 thousand orders per hour or 18.5 per second. Then like magic, the same day or 3 days later, those 13 million orders get delivered like clockwork.

Which begs the question, how the hell does Amazon fulfill that many orders?

As it turns out, Amazon’s fulfillment system is more complicated and convoluted that any logistics company on the planet. Operationally the company competes more with FedX and UPS than they do with retailers like Walmart or Target.

So there are definitely a few factors in Amazon’s business structure that allow the company to ship and deliver customer orders so damn effectively.

Compared to it’s competitors, Amazon’s supply chain and logistics operations are far more advanced. Amazon strategically builds fulfillment centers in or near urban cities to best reach as many customers as possible. They have over 180 fulfillment centers and continues to expand every year…

The reason Amazon’s can keeps their shipping cost low in comparison to competitors by taking over the entire supply chain including delivery.

This way, Amazon doesn’t have to pay third-party companies to manage their fulfillment.

WATCH:

For more information visit tylerhayzlett.com