Friday, January 28

Technology

Squid Game Token Cryptocurrency Scam: What Went Wrong?
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Squid Game Token Cryptocurrency Scam: What Went Wrong?

By: Neelesh Raj As a result of the popularity of the South Korean Netflix series Squid Game, the developers of a cryptocurrency named after the Squid Game token made off with nearly $7 million. According to its website, which has now been deleted, the coin marketed itself as a "play-to-earn cryptocurrency," which encouraged investors to risk their hard-earned money into a currency which they actually could not sell. Many investors put in lots of money, in which one of them would exit as the winner of the contest, starting with 456 squid coins (roughly $6.3k) to play in the first game and up to $210,000 to play in the final round.  The term used to describe such a scam is known as a “rug pull,” which happens when the promoter of a digital token draws in buyers, abruptly halts tr...
Avoiding Surveillance Capitalism: Corporate Social Responsibility in Tech Companies
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Avoiding Surveillance Capitalism: Corporate Social Responsibility in Tech Companies

By: Eric Wang With advancements in internet technology, mass distribution of information has become accessible to people worldwide. Accompanying these improvements, information technology corporations also developed marketing and promotion tools to attract more growth in user rates and page views. However, customers are impacted dramatically due to their disadvantages in protecting themselves from the overwhelming information flow's harm. One study conducted by researchers at Yale University shows that the spread of biased news and information is altering the public's perspectives on large-scale civic issues, including climate change and environmental protection. Hence, the independent organizations formed by expertise in the IT field should be established to monitor Silicon Valley com...
Pulling the Rug on Squid Game
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Pulling the Rug on Squid Game

By: Lexi Blakes This past September, Netflix’s hit series Squid Game debuted at No. 1 with over 3 billion minutes viewed in its first week of streaming, easily gaining the title of “most popular show in 2021”. Squid Game is a Korean television series that acts as an allegory to greed, capitalism, and the prison of debt. The show explores the extent to which money has power in our lives and how shamelessly society’s wealthiest exploit others. Viewed in more than 142 million households globally, its viewership made it 7-times more popular than the most-watched episode of “Game of Thrones”, breaking boundaries of achievement for entertainment.  In recent weeks, Squid Game’s message of how money corrupts is clearer than ever. The creators of a new cryptocurrency scam, called the “S...
Can Lucid Be the Next Tesla?
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Can Lucid Be the Next Tesla?

By: Ke Tang Competitions in the electric vehicle industry are intense. Multiple electric vehicle startups are making promises to transform the automobile industry and beat Tesla, but only a few of themare performing well. Lucid Motors, a startup founded in Newark, California, is one of the playersin the EV industry with an ambitious game plan to come up with “the best car in the world.” Lucid’s mission is to inspire the adoption of sustainable transportation by creating themost captivating luxury electric vehicles centered around the human experience. On July 23,2021, Lucid Motors completed the previously announced merger with CCIV (Churchill CapitalCorp IV) through a SPAC deal. Bank of America served as the financial advisor of Lucid Motorsand Citigroup served as the M&A adviso...
Tesla Relocating to Texas
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Tesla Relocating to Texas

By: Mi Nguyen Tesla, the multimillion automotive giant, is moving to Austin, Texas. The announcement was made by Elon Musk at a shareholder meeting on October 7th, after months of speculation and clashing between Elon Musk and California government officials. So, what is the motive behind this transfer - the COVID mandates enforced in California, or the benefits provided by Texas government? Elon Musk had made his opinion no secret on the COVID pandemic and COVID mandates that are being enforced throughout the United States. At the beginning of the pandemic in March, Musk had tweeted “The coronavirus is dumb” followed by his prediction that the cases will be zero by April. Both of his statements had been soon proven to be wrong as the pandemic still had not ended today in October...
The Reboot of Nintendo
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The Reboot of Nintendo

By: Lexi Blakes If you were on TikTok during the first month of quarantine, then you were probably an onlooker to the peak of the Nintendo Switch craze. Although the console was released 3 years ago in 2017, quarantine proved to be advantageous for Nintendo, as the $300 devices were sold out for weeks at the peak of demand. Families were Target hopping in hopes of scoring one as stores sold out all over the country. As of May 6th, 2021, Nintendo had sold a total of 84.59 million switches, alongside an additional 587.12 million software sales, outselling both the first-generation Xbox and the Nintendo 3DS. The minds behind Nintendo's rebirth seemed to have unlocked the secret to "the historic comeback" and have carved out a space in console history. Three variables may have contributed ...
A Chinese Company Who Appears to Be the Winner of World’s Micromobility
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A Chinese Company Who Appears to Be the Winner of World’s Micromobility

By: Iris An It is quite common in Nashville to see people on scooters everywhere, a lot of whom are Vandy students riding to their classes, parties, or a movie. In front of Stevenson, Kissam, and the Central Library, white BIRD and black LYFT are parked together, waiting for someone’s phone to scan their codes.  In October 29, 2020, a most uncommon yet adorable scene appeared on the Shanghai Stock Exchange listing ceremony: a small delivery robot wobbled to the front of the bell, pulled out a mallet from the storage box, stopped and measured for a few seconds, and then, without hesitation, it aimed at the center of the bell, and rang.  The little robot is S2, a Segway DeliveryBot who was ringing the bell for his creator: Ninebot, China’s sought-after startup in the ...
The Return of Mercedes-Benz
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The Return of Mercedes-Benz

By: Anton Kozyrev Throughout the 20th century, Mercedes-Benz established itself as a principal leader in the automotive industry -- excelling in various developments and innovations. It began, of course, with Carl Benz’s Patent No. 37435 for a “three-wheeled, self-propelled vehicle with a rear-mounted single-cylinder engine.” This patent from 1886 serves as a “birth certificate” of sorts of the modern-day, gas-powered automobile. Many other innovations followed suit in following years, from the honeycomb radiator in 1901 and the Antilock Braking System (ABS) in 1978. With this brand ethic and work mentality of striving for continual improvement and development, Mercedes-Benz was able to thoroughly position itself as a leader of its respective industry.  However, Mercedes-Benz -...
The Growing International Concern of Digital Tax
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The Growing International Concern of Digital Tax

By: Luci Lyu If any winner emerged out of COVID-19, it would be the rapidly growing digital economy. In 2020, Zoom’s revenue spiked 369% from a year ago, Amazon’s sales grew by 37%, and Netflix’s stock price saw a 64% increase. Digital companies are not the ones affected. The pandemic has changed the way people work, socialize, and shop. As a result, many traditional companies must digitalize to stay competitive. This digitalization trend amongst corporations would likely persist, making the long-debated digital tax an eminent concern.  In 2019, France announced its decision to implement a 3% revenue tax on digital services (DST). This spurred huge opposition from the U.S. as most companies subjected to the Digital service tax were U.S. firms. However, despite the United States...