⛽ Fossil fuel consumption down in America! Why_

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Welcome to Roy Overload, the business, tech and growth newsletter podcast. I'm Scott declary. This is what's making news today. The United States, fuel consumption in two thousand and twenty has been the lowest ever in three decades. Twitter is proposing new privacy features. The certified collectibles group, C CG, a POKEMON card grading company, is valued at five hundred million dollars. The index and GRUB hub join hands to launch food delivery bots across two hundred and fifty US colleges, and finance is putting a stop on euro deposits. All right, let's get into the first story. So fuel consumption in the US lowest it's ever been in three decades, thirty years in two thousand and twenty. What is prompting this? Well, it's a little bit bitter sweet. So when it comes to fuel consumption in the US, the US is amongst the is among the top three countries globally terms of fuel consumption. Yet in two thousand and twenty, the consumption of fossil fuels remains the lowest it has ever been in the past three decades. There was a drop of nine percent...

...of petroleum, natural gas and coal. Coal consumption in two thousand and twenty compared to two thousand and nineteen. Now, what drove that drop? Well, it was covid nineteen. So due to the rising number of covacases in the country. May seem like common sense, but yes, Americans had to remain in their homes. This led to a decrease in gas consumption in the US. In fact, oil prices in April of two thousand and twenty were below zero. We in a million years probably didn't expect that to happen. The United States transportation sector consumed fifteen percent less energy than it consumed in two thousand and twenty. Another factor that led to the decrease in fuel consumption in the United States was hotter winters than in previous year's. Due to the decrease in fossil fuel consumption, the United States recorded the lowest ever greenhouse gas emissions in almost forty years, and just a correction, on that date previous the United States transportation sector consumed fifteen percent less energy than it consumed in two thousand...

...and nineteen versus two thousand and twenty. So second story. Twitter is proposing a new privacy feature. So Conversation Health on Social Media and privacy are hot topics. Recently, twitter proposed some new ideas regarding privacy and conversation health, the first of which is twitter's privacy check in feature. So this gives the user more control over conversations. It puts the power into the hands of the individual twitter users and it's just it's just right now being explored word, but this idea will hopefully allow you to have some control over what you see, what you don't see and what you also share with the rest of the world. Twitter also put forward ideas about features that will allow what it's users to opt for more privacy. With this feature, twitter users will be able to toggle between public and private tweets. These new features, if implemented, will also allow twitter users to easily move in and out of public or private accounts.

Thinking over the usefulness of all the features that twitter is trying to release, it's pretty obvious that privacy and conversation health is of utmost important, especially on twitter. backtoback innovation by the twitter team is made the twitter platform even more complicated, and a lot of people don't understand the applications of what they're putting out into the world on the platform. If this feature gains popularity and is successfully implemented. Fingers crossed, twitter may go the way of Google and facebook and give full privacy to the users, give full privacy control to the users, and right now that's not something that users who use twitter have. Next Story. Certified collectibles group, CCG, a Pokemon card grading company, just received a five hundred million dollar evaluation. So pokemon is an awesome brand. I grew up with it, I love it. So it's one of the most talk consumed video games and animated television shows worldwide. So it makes sense that any business that is in the pokemon ecosystem would be, you know,...

...worth its weight in gold. But if you need proof, go and ask blackstone groups. A blackstone is a private equity firm. Now, blackstone is not known for Dabbling and Pokemon or collectibles, but they just bought a majority share in the certified collectibles group, one of the oldest memorabilia authenticating and grading companies. The acquisition valued the POKEMON card grading company at five hundred million dollars. In the pandemic, the certified collectibles group received a huge number of POKEMON card grading submission. This is becoming a very attractive market. What makes the apposition even more interesting or bizarre is that blackstone group is not known for for collectibles. They're known for buying and renting real estate and homes in the US, amongst other things. So this is a little bit novel for them. But that being said, maybe it's something to be said for the pokemon brand. Is there is a lure a little bit too strong for a private equity firm that's traditionally focused on real estate and development. Because blackstone is not...

...the only person to invest in the certified collectibles group. Jay Z's rock nation also has invested. There's something to be said there. The founder and CEO of CCG, Steven ECKMBAMB, wrote a letter to their customers to let them know about the deal with the black stone group. This is what he wrote. We have always thought that we would never sell this incredible company, but when we were approached by blackstone, we quickly realize that we shared the same vision for a larger, more vibrant and more trusted collectibles market. So interesting where that's going to go and what they see for the future of collectibles and Pokemon, amongst other things. All right, Yandex and GRUB HUB are joining forces to launch food delivery bots across two hundred and fifty US colleges. So Yan X is a Russian search engine giant. It's like the Russian Google. They've partnered with GRUB hub. They're working on a self driving system. Just like Google and Uber and many more. They are all working on these self...

...driving autonomous systems. Under the partnership they will deploy food delivery robots to around two hundred and fifty colleges in the United States. If you are wondering about the financial terms of the deal, it has not been disclosed publicly yet, so we'll have to wait on that. But just like Google, yandex is dabbling into multiple things. That include search engine. It's quite popular in the Russian speaking part of the world, food delivery and ride hailing. So as of now, Y and X is food delivery operations are limited to Moscow, Tel Aviv and Ann Arbor, Michigan. Strangely enough, those are the three hot locations. When it comes to logged autonomous miles by robot fleets, he index is second only to Waymo, which is part of Alphabet, the parent company of Google. The robot fleets of the index have logged over seven million hours, and I then we can all agree that college campus is can be a nightmare for cars to deliver food too, but the same cannot be said for food delivery robots. And the ANDEX is vice president of corporate and campus partnerships, a hundred percent agrees that grub up is the partner. He said...

...this in a statement. We chose a partner with GRUBHUB for campus delivery because GRUB ups unparalleled to reach into college campuses across the United States, as well as the flexibility and the strength of their ordering platform. And then last story. Finance puts a stop on euro deposits. So Wednesday finance, one of the largest cryptocurrency exchanges globally, has become the target of another regulatory action. The company has been under regulatory pressure in a lot of different countries, but they finally yielded to somebody in Europe, in the EU, and as of Eight am UTC on Wednesday, finance no longer supports your roa deposit, specifically single Europe payment areas or SEPA, via banks. The only way for European users to deposit Europe to their bindings account is with debit cards or credit cards. So in an email finance wrote to their users. Due to events beyond our control, we are temporarily suspending you are you know, euro deposits via...

Sepa Bank transfers from eight am UTC on July seven, two thousand and twenty one. And how you know? How am I concluding that it was because of regulatory pressure? It's because of all the regulatory action that has been really pushing on finance in variety and in a variety of different countries. They face regulatory setbacks in United Kingdom, Japan, Canada, Thailand, even the US. So, despite all these challenges, obviously the trying to navigate a new market, finance still remains a de facto leader in the cryptocurrency market or the exchange market. As per Massari, finance process over fourteen and a half billion dollars worth of transactions so far, just on Wednesday alone, so that gives you an idea of how enormous they are. anyways, that's it for today. I hope you enjoyed if you find any of this useful, please share it with your friends, families, peers coworkers. If you want to subscribe, please go to newsletter dot Roi overloadcom see you next time.

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