Many customers in Bangladesh are still waiting for refunds from MLM-based eCommerce companies like eValy and Orange, which had once created a frenzy. Unfortunately, there is no clear answer on when they will receive their money back.
Even the Supreme Court raised the same question today, with a hearing scheduled for February 6th. But does anyone expect a resolution soon?
The outlook is bleak. Consider the case of Destiny, another MLM scam that happened 10 years ago—its legal proceedings are still ongoing. This casts doubt on the possibility of a swift resolution for eValy and other similar cases.
India Becomes the World’s 4th Largest Stock Market
India has made a significant leap, overtaking Hong Kong to become the 4th largest stock market in the world, with a total value of $4.3 trillion. This milestone highlights India’s growing influence in the global economy.
Experts predict that India will be a dominant player in the world economy within the next decade or even sooner, underscoring the country’s rapid growth and market expansion.
BTC Price Drops 15% Since ETF Launch
Since the launch of BTC ETFs, the price of Bitcoin (BTC) has dropped by 15%, with the broader cryptocurrency market also following suit. While this may alarm some traders, it’s important to maintain a long-term view.
At Mozooz, we don’t advocate for day-trading. Instead, we believe in holding quality assets for the long haul—be it stocks or Bitcoin. Historical data suggests that investing with a 10-year horizon is far more likely to yield positive returns than short-term speculation.
WWE Coming Soon to Netflix
Fans of WWE are in for a treat! Netflix made a massive $5 billion bid to acquire the streaming rights to WWE Raw. Soon, you’ll be able to watch WWE on Netflix, starting in the USA and UK.
Netflix is aggressively expanding its entertainment offerings, including games, TV shows, and even discussions around live news broadcasts. It’s clear that the streaming giant is aiming to become a one-stop platform for all forms of entertainment.
Interesting News We Found Today
- BYD, a Chinese electric vehicle company, has overtaken Tesla to become the biggest EV seller in China.
- TikTok laid off about 1% of its workforce this week.
- ElevenLabs, a fast-growing AI company, became a unicorn last week, reaching a valuation of over $1 billion.