145 CEOs speak out on gun violence, urging Congress to act

The chief executives of 145 companies — including Airbnb, Uber, DoorDash, Gap and Twitter — sent a letter to the U.S. Senate on Thursday seeking …

Big companies have been dipping their toes into America’s gun debate for a few years. Now, some are diving in.

The chief executives of 145 companies — including Airbnb, Uber, DoorDash, Gap and Twitter — sent a letter to the U.S. Senate on Thursday seeking expanded background checks and “red flag” laws, which would let courts remove guns from people who might threaten themselves or others.

Also on Thursday, Publix — Florida’s largest grocery chain — asked customers not to openly carry firearms in its stores. That followed similar moves by Kroger, CVS and Walgreens. This month, Walmart quit selling certain ammunition and asked customers to refrain from carrying firearms in its stores. That company was shaken after a gunman killed 22 people in one of its stores in El Paso last month.

Signing a letter with other CEOs isn’t exactly a bold move, marketing experts say. Polls have shown the majority of Americans favor more restrictions on guns; those who don’t aren’t likely to quit using Twitter or Uber because the CEO signed a letter.

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“I don’t think there is anything risky about trying to stem gun violence,” said Paul Argenti, a Dartmouth College professor of corporate communication. “The majority of people in this country agree with this.”

It’s unclear how much impact the letter will have. Many heavyweights — such as Amazon, Google, Facebook, Starbucks, Tesla and General Motors — did not sign. Those companies didn’t respond Thursday to messages asking about the letter. And the House, Senate and President Trump have yet to come to an agreement on the various gun policies they’re debating.

Even some CEOs who did sign — such as Airbnb’s Brian Chesky and Lyft’s Logan Green — declined to comment further Thursday on the reasons they did.

“Companies feel trapped,” said Allen Adamson, co-founder of marketing firm Metaforce. “Because the country is so polarized on this issue, if they take a stronger stand than the letter, they will alienate customers and employees.”

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The letter was organized by Levi Strauss and Co. CEO Chip Bergh and Everytown for Gun Safety, an advocacy group. Bergh, a former U.S. Army officer, has been an outspoken gun control advocate. Levi Strauss has been asking people not to bring guns into its stores since 2016, when a customer shot and injured himself accidentally while trying on jeans.

“Doing nothing about America’s gun violence crisis is simply unacceptable and it is time to stand with the American public on gun safety,” the letter says. “Gun violence in America is not inevitable; it’s preventable. There are steps Congress can, and must, take to prevent and reduce gun violence.”

Pace University marketing professor Larry Chiagouris called the letter a “no-cost, low-risk, low-impact PR move” that’s not likely to affect the gun debate because the companies didn’t specify any consequences if the laws don’t change.

“Does it get them good vibes with the anti-gun world? Yes. Does it give them bad vibes to people who belong to the NRA? No,” he said. “Gun supporters will be oblivious.”

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Dogecoin Inclines Below the Baseline; Trades Within the Range of $0.0023 to $0.0026

The coin continues to range-bound trade within $0.0023 to $0.0026. DOGE/USD by Bittrex has candle formation, which is more inclined towards the …
  • The coin continues to range-bound trade within $0.0023 to $0.0026.
  • DOGE/USD by Bittrex has candle formation, which is more inclined towards the lower side of the said range.
  • With a few trading instances upwards, Dogecoin price went as high as $0.0026.

Dogecoin is ranked at 29th position in the crypto market, which rightly points out the potential of the coin. DOGE/USD has strict range-bound trading since past 12 days now. With Bitcoin consolidating gains above $10,000 but below $10,500; Dogecoin is trading within the said range only. Although the week was quite a gainful one for most of the coins in the crypto market, this did not seem to have affected the price of Dogecoin.

DOGE to USD Price Chart by TradingView:

Dogecoin Price Dogecoin Price

Tracing the 30 minutes movement of the coin on Bittrex over the past 1-day, we see that the coin’s trend is much more inclined towards the lower range. Dogecoin was trading around $0.002594 in the initial hours of the day. Around midday, DOGE rose to $0.002615 corrected from $0.002354 by 11.08% within no time.

Today, Dogecoin price is more inclined in the lower range below $0.002498 for the major extent, until the time of penning down. However, the situation is no better and the coin is still encircled by the solid selling pressure just as the fore altcoin. Nevertheless, it is slightly rooted in the short-term moving averages.

DOGE Technical Indicators:

The current trading price of Dogecoin is supported by the 5-day SMA ($0.002477), 10-day EMA ($0.002478), and is notably below the 50-day SMA ($0.00272).

The MACD of the coin appears flat at present but, with a slight bullish crossover, while, RSI seems to have taken a flat route around 50.

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CNBC Trader Shades Bitcoin With Sarcastic ‘Beanie Baby’ Slam

Naturally, the point Mr. Brown is making here is that just because bitcoin’s supply is algorithmically limited at 21 million BTC doesn’t mean that it’s …
bitcoin, beanie babybitcoin, beanie baby

CNBC’s Joshua Brown sarcastically compared bitcoin to the Beanie Babies bubble and completely missed the point about cryptocurrency. | Source: Shutterstock; Edited by CCN

By CCN Markets: On this day in 1999, TY inc. abruptly ended the sale of Beanie Babies. It marked the end of a wild toy craze that sent the value of some of these toys soaring and made collectors willing to pay thousands of dollars for a single bear. CNBC author and analyst Joshua Brown took the anniversary of the end of this historic bubble as an opportunity to take a swing at another scarce commodity, bitcoin.

There will only ever be 21 million Beanie Babies, which is why have to own some. Everything that’s scarce is automatically valuable. https://t.co/51zzfcSwLc

— Downtown Josh Brown (@ReformedBroker) September 1, 2019

Bitcoin vs. Beanie Babies

Naturally, the point Mr. Brown is making here is that just because bitcoin’s supply is algorithmically limited at 21 million BTC doesn’t mean that it’s inherently valuable. Ty Warner is not making any more Beanie Babies, and the comparison is drawn to infer that bitcoin will prove to be a temporary craze like the famous toys whose supply is also limited.

Without putting too fine a point on it, this is a frivolous statement whether you believe in cryptocurrency or not.

Toy Bubbles Are Perfectly Normal

Firstly, toy trends are always temporary. They come and go multiple times within each new generation. In a sense, every successful toy is a bubble, as technology and culture change. Just because no one is selling Beanie Babies doesn’t mean no one is buying toy bears which provide functionally the same service. If TY inc. wanted to start up the presses and make more beanie babies, they could.

No-one is making any more bitcoin.

Perhaps the most powerful difference between a toy craze and bitcoin’s rise is that BTC is a ground-breaking technological advancement with multiple real-world usage cases. The creation of a digitized asset inside a deflationary model remains one of the great disruptive technologies of the last decade.

One Rare Beanie Baby Is Worth 50 Times One Bitcoin

Taking a second to defend (my wife’s beloved) Beanie Babies as well, it’s not like they are worthless. Many bears still command whopping price tags and are worth more than 50 times the bitcoin price. Large Wallace and his squad apparently commands a $600,000 price tag, while some Princess the Bears (created as a memorial to Princess Diana) can be worth $500,000.

Bitcoin Price, Beanie BabyBitcoin Price, Beanie Baby
Bitcoin currently trades at a 50x discount to some of the most valuable Beanie Babies. | Source: Yahoo Finance

Bear with Me Joshua Brown

Mr. Brown probably doesn’t know that because if he did, he would realize that his sarcastic tweet inadvertently states a truth. Rare Beanie Babies ARE valuable because they are scarce, and people want them. Most of the bears were never worth much more than their $5 price tag anyway.

Every bitcoin is worth $9,600 because they are scarce and people want them. Imagine what the price would be if they get scarcer and people don’t just want them, they need them.

I’d warrant more than Large Wallace and his squad.

This article is protected by copyright laws and is owned by CCN Markets.

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Litecoin {LTC} succeeds in rising beyond $65; investors hope that coin will reach $70 by next week

Litecoin is ranked at #5 below Bitcoin Cash on coinmarketcap. The price ascended at a rate of 1.13% in the course of the past 24-hours. The trading …

Litecoin is ranked at #5 below Bitcoin Cash on coinmarketcap. The price ascended at a rate of 1.13% in the course of the past 24-hours. The trading volume recorded is $2.344 billion, while the supply has 63,157,474 LTC coins in play. As of this moment, LTC is priced at $65.01. The total market cap of Litecoin, which is advertised as “Silver” in the world of cryptocurrencies, it $4.106 billion.

I am definitely using @travalacom for my hotel stays in the future. If you book any room by the end of August and pay via Cryptos they are giving 5% back in multiple different Cryptos!! Take advantage of it and #PayWithLitecoin or #PayWithCryptopic.twitter.com/6yOL4IdCuJ

— Jon Moore (@jonnylitecoin) August 31, 2019

According to the data obtained from the LTC/USD chart on tradingview, the daily RSI has reached 29 and maybe on the verge to recovery. Thus, Litecoin may soon exit the oversold zone, when it has remained for the last 5 days. The Awesome Oscillator peaks have also been consistently brown and beneath the zero line [they’re quite large in size, indicating that selling pressure is high]. The MACD line might rise above the signal line after 2-3 days.

However, the Ichimoku Cloud is crimson which points to active bears dominating the flow in the market. The halving event didn’t aid LTC, rather it caused the price to fall till it stabilized near the $63 mark a day ago.

#LTC USD

Here is a quick update on Litecoin against USD Our target was $63 and now it is $64 probably we are going to see further price dropping but now we have to fix the profit by algorithm rules. Congrats those who sold LTC at $77, we got around 16% profit.#Signalpic.twitter.com/vfFfcpHDmG

— Exrates.me (@Exrates_Me_) August 29, 2019


The Litecoin Foundation is planning to roll out a new debit card: this is a result of a joint venture involving Bibox [a growing exchange platform with over 22k followers on Twitter] and Ternio.

About Post Author

Aditya Chatterjee

A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.

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11 billionaires who dropped out of college before making their fortunes

Uber cofounder and former CEO Travis Kalanick studied computer engineering at UCLA before dropping out to work on now-defunct search engine …

Warner went on to sell encyclopedias, work as a valet, and sell stuffed animals for now-defunct toy company Dakin before founding Ty Inc. and creating the iconic Beanie Baby, according to HuffPost. Forbes reports that Warner also owns several hotels, including the Four Seasons in New York.

But Warner’s career wasn’t without controversy. He pled guilty to charges of tax evasion in 2017 for hiding income in a Swiss bank, according to HuffPost.

The 74-year-old now has a net worth of $2.6 billion, Forbes estimates.

Source: Chicago Tribune

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