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Taco🌮
10.1K posts
Taco🌮
@Thetacomaneth
Artist/Founder of @ElementalEllies & @HonorableRhinos! HODL NFTs & ETH- Thetacoman.eth (\IN THE LAB/)
Katılım Eylül 2022
1.3K Takip Edilen1K Takipçiler
we’re seeing serious exponential growth on execution speed
need to put together a skilled squad that moves fast
otherwise you will be part of the 95% that will be owned/controlled by the top within the next 10 years
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A contract address live on spaces
Good luck have fun 🫡
twitter.com/i/spaces/1kvJp…
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Last year when I launched my first NFT project @ElementalEllies I made the promise I’d donate 10% of profits back to real life elephants after a fiscal year and to be continued! 🐘🌟
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@petedoteth & @FelineSithLord
Will always be in my Web3 inter-circle 🤝 ⭕️ 🤞
Thankful for y’all and the rest of the crew!🐘🌿
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🔺Crypto Price Update 7 Day%🔻
🔸 $BTC 🔻1.08% 💲25,692.37
🔸 $ETH 🔻3.25% 💲1,586.50
🔸 $XRP 🔻 4.34% 💲0.48
🔸 $SOL 🔻 9.69% 💲17.92
🔸 $MATIC 🔻5.97% 💲 0.51
🔸 $TLOS 🔻 7.07% 💲0.07
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The "curse of dimensionality" has turned out to be a misnomer, as neural networks are trainable only due to the counterintuitive behavior of billion-dimensional spaces. Maybe time to be renamed to "gift of dimensionality".
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Taco🌮 retweetledi
Taco🌮 retweetledi
VW Group has Debts of 400 Billion Euros ($428bn)
If you look at Volkswagen's half-year report, you will find that total assets as of June 30 amounted to 581.3 billion euros or 622 Billion Dollars. Of this, 181 billion euros is reported as equity. Everything else is debt, i.e. financial debt and other liabilities amounting to just over 400 billion euros.
The German carmaker's debt ratio is somewhere between the gross domestic product of Portugal and Belgium.
Financial Services accounts for the largest share at 280bn euros. VW is traditionally big in the business when it comes to car loans and leasing deals. The debts there should be well secured with hundreds of thousands of credit agreements worldwide, especially since the still highly profitable division has equity capital of over 43 billion euros.
But this could change very quickly if demand for ICE vehicles decreases as a result of the shift to BEVs and as a result, the value of the leased vehicles falls. That can and likely will happen rapidly once a certain inflection point has been reached.
Almost 86 billion euros of long-term debt lies dormant in the Automotive Division, which also includes the truck and power engineering businesses.
VW is indirectly financed and supported by bond purchases from the German government, the EU, and the EZB. In view of the declining sales and the declining profitability outlook, and a not profitable BEV business is a political measure that does not follow any economically rational action because new build jobs in renewable energy are more valuable than keeping old jobs in the ICE business.
While many claim VW Group is too big to fail and politicians do not dare to question the future of the company they lag the required rational and boldness to tell their voters that as of today taxpayer money is used to finance a dying business that even accelerates climate change.
Every delay in acting and cut subsidiaries increases the danger for the VW Group of falling apart into several separate brands. We've seen that process starting with the Porsche IPO, the merger of Seat and Cupra, and the reduction in models and I predict there is much more to come.
In contrast to what many believe the financial support for VW Group makes the company weaker and not stronger.
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I took a break from Web3 to focus on IRL career and things have picked up more then I would’ve imagined. This still feels like only the beginning. I want to distribute my Elephants for free to sophisticated folk with a vast network, people with good vibes, smart folk.
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