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From course rocket to deadlock

Rocket Internet before the stock market retreat from course rocket to deadlock I’m off! More and more companies are disappearing from the Frankfurt Stock Exchange. So just six years after the IPO, the startup forge Rocket Internet wants to say goodbye – to the chagrin of many shareholders. From Notker Blechner, The Samwer brothers had big plans. Following the example of Google, Amazon and Alibaba, Rocket Internet was to become the first German Internet company to be successful worldwide. Aside from the competition from Silicon Valley and Alibaba, Rocket was to become the leading Internet platform outside of the USA and China. Course has halved
Oliver Samwer in front of the Frankfurt Stock Exchange gallery Oliver Samwer in front of the Frankfurt Stock Exchange
In October 2014, the Berlin company started with a big tam-tam on the Frankfurt Stock Exchange – at an issue price of 42.50 euros per share. “We rock the internet” was emblazoned on the flags in front of the stock exchange building. After initial losses, the course rocket ignited with delay. The share soared up to 53 euros. But then it went steadily downwards, the course rocket turned out to be a dead bullet. Today, at 18.65 euros, the paper is only worth half as much as it was when it went public. The dream of the “German Amazon” on the stock exchange has burst. Company founder Oliver Samwer did not manage to make Rocket Internet profitable in the long term. In the first half of the year, the Internet incubator posted a loss of twelve million euros – after a profit of 548 million euros a year ago. Major holdings and joint ventures of Rocket Internet remained in the red in the second quarter. Founding startups and going public
Rocket Internet founds or invests in Internet and technology companies that later take it public and cash in on it. The business model works like this: With high losses, rapid growth is initially financed. Only when the companies have achieved a certain market dominance does profitability come to the fore. According to earlier information from Samwer, an internet company has to generate profits after seven to ten years. Rocket founder Samwer has been annoyed again and again that his company is mainly measured by profitability. At road shows and conferences he always pointed out the high growth rates of the startup forge. While American media are reporting on leaps in sales, the German press would only see the losses, he complained. Delisting: No longer wanting quarterly reports
Now Samwer has had enough. The startup investor wants to withdraw from the stock market . Rocket expects lower costs and an increased degree of entrepreneurial freedom from the delisting in order to be able to exploit the potential of the company and its resources, said company founder Samwer. The absence of the stock market with its reporting obligations and the large number of owners should enable the owners around the Samwer brothers to pursue a longer-term company course, it said. In plain language: The Rocket managers are fed up with having to justify themselves to investors and shareholders every quarter. The Rocket shareholders are to receive 18.57 euros per share as compensation. At today’s Annual General Meeting, the offer is likely to cause a lot of displeasure. Shareholder advocates are outraged. “That is a bottomless cheek “, complains the protection community of capital investors (SdK). “Samwer leaves scorched earth in Germany,” complains Michael Kunert, representative of the SdK. Shareholders’ shares would, so to speak, flow into Mr. Samwer’s pockets. The Rocket shareholders would be ripped off one last time, criticized e-commerce expert Jochen Krisch on Twitter. Shareholder advocates see “fraud”
The German Association for the Protection of Securities Holdings (DSW) even complains of “legal fraud”. Previously, an appraisal had decided the amount of compensation for free shareholders. Now the severance pay is based solely on the average price of the last six months before the announcement of the delisting. “That is fatal”, criticizes the managing director Marc Tüngler. The shareholder advocates speak of a new low blow after the Wirecard disaster and see the stock culture in Germany damaged once again. Three digital success stories
What remains of Rocket Internet after the failed stock market excursion? A good 20 investments, a few of which are quite successful. The online fashion retailer Zalando, the cooker box dispatcher Hellofresh and the food delivery service Delivery Hero have achieved the breakthrough. They are considered digital success stories. Delivery Hero, which is still in the red, recently made the leap into the Dax . Zalando has a similarly high stock market valuation as Delivery Hero and could soon climb into the top German stock market league. The online fashion retailer is now highly profitable and has also benefited from the Corona crisis . Hellofresh is also a corona winner. In the meantime, however, Rocket Internet no longer holds any shares in the Kochboxen sender. The last remainder of the stake was sold before the Corona crisis in May 2019. The online fashion retailer Global Fashion Group , which is to become a kind of Zalando in the emerging markets, is also making progress . The shares have recently recovered and jumped above the issue price. The Global Fashion Group has reduced its losses. Some holdings disappoint (so far)
It doesn’t look as good with the other Samwer creations. The shares of the online furniture stores Home24 and Westwing are quoted below their issue price. After all, Home24 has recently recovered vigorously in the Corona crisis. For the first time in the first half of 2020, the Rocket holding was operating in the black. Home24 attracted new buyers, especially during the lockdown , because many furniture stores were closed. It remains to be seen whether this trend will continue. Home24 promises to be sustainably profitable “in the not too distant future”. Jumia, the “Amazon of Africa”, is having a hard time. The online platform is piling up high losses and has withdrawn from parts of Africa. The stock listed on the New York Stock Exchange has crashed. At the turn of the year Rocket parted ways with Jumia. Other companies in the Rocket portfolio are the cleaning aid broker Helpling, the real estate broker Bluenest from Singapore, the logistics company Everstox and the coffee chain Flash Coffee. You are not yet on the stock exchange. Which Rocket holdings have what it takes to become the next Zalando or Delivery Hero will be the most exciting question after Rocket’s withdrawal from the stock market.

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New OnePlus 9RT: Specs, launch date, colors revealed

OnePlus hasn’t said how much RAM the 9 RT will feature, however Geekbench has shown that it will sport 12GB of RAM. However, an 8GB variant will almost certainly be available.

Shenzhen [China]: The OnePlus 9 RT’s launch date and specifications have been revealed by OnePlus ahead of its official announcement.

According to GSM Arena, the OnePlus 9 RT will go on sale in China on October 13, or next week.
Although the new OnePlus smartphone will be unveiled in China first, it is expected to make its way to India as well. In India, the OnePlus 9 RT has yet to be announced.

The Snapdragon 888 SoC will power the OnePlus 9 RT, which will be paired with LPDDR5 RAM and UFS 3.1 storage. It will have a 120Hz E4 screen and a 4,500mAh battery that will charge at 65W. The primary camera on the 9 RT will be 50 megapixels.

OnePlus hasn’t said how much RAM the 9 RT will feature, however Geekbench has shown that it will sport 12GB of RAM. However, an 8GB variant will almost certainly be available.

The phone maker also revealed that the 9 RT will be available in two colour options: black and grey, and that pre-orders will begin on October 13 in China, with the first sale on October 19.

We’re still four days away from the launch, so expect more information regarding the OnePlus 9 RT in the days leading up to it.

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Meaning of CEO, COO, CFO, CIO, CTO and CMO: Calling each executive by name

The adoption of business terms and technicalities from English-speaking organizations is increasingly widespread, and acronyms that describe executive positions are often favorites when used by those responsible for the areas of the company. The use of acronyms such as CEO, COO, CIO, CTO and CMO has become widespread, both in more traditional organizations such as startups and other technology-based companies.

But what is the meaning of these acronyms?

If we pay careful attention to its definition, we will see that the meaning of CEO and the rest of the management figures of companies are much simpler than you thought.

What is the CEO of a company?

The CEO of a company is the acronym corresponding to the acronym for Chief Executive Officer, which in Spain we usually know as CEO or Executive Director. He is the head of administrative management and direction in the company.

Who is the COO?

It comes from the Chief Operating Officer and can be translated as Director of Operations or Chief of Operations, responsible for the daily operations of the company such as production, logistics, etc.

What does CFO stand for in English?

CFO is the abbreviation for Ch IEF Financial Officer. In our business culture it corresponds to the Chief Financial Officer and his responsibility is the economic and financial planning of the company based on the objectives established by the board of directors, generally made up of those responsible for each area that we are analyzing in this post.

What is the CIO of a company?

It comes from the acronym for Chief Information Officer. Their role is attributed to the person responsible for the company’s information technology systems and usually falls into different professional profiles depending on the organization’s structure. Thus, the position of CIO may be the counterpart of the systems manager, although there is ambiguity in its implementation and it is often confused with the CTO, which we explain below.

What does the acronym CTO stand for?

It is the abbreviation of Chief Technology Officer and it is usual to give it the same treatment as the system manager in an erroneous way by many companies. The main difference is that while the CIO is responsible for the company’s information services at the process level and from the planning point of view, the CTO is the technical person in charge of the development and correct operation of the information systems from the point of view of execution.

What is a CMO in a company?

It corresponds to the acronym of Chief Marketing Officer and its translation in our business language is that of Marketing Director as the head of sales and product development, among other functions.

Its application in practice is different according to the structure of each organization, and there may be various combinations in the hierarchy of these executive positions. In general, the meaning of CEO of the company falls on the highest part of the organization and has as subordinates the executives responsible for each area, who report directly to this CEO to make his decisions. However, in other organizational models, the position of CEO held by its president as the visible image in communication and public relations of the company, delegating the highest decision-making authority to the COO.

The meaning of CEO extends

This definition nomenclature of executive positions in companies does not end here. Many of these terms did not exist a few years ago, and the increasing specialization of departments in large organizations gives rise to new positions, which after the meaning of CEO and the other positions that we have seen evolve into new figures such as the CSO (Chief Science Officer), CCO (Chief Commercial Officer), CLO (Chief Legal Officer) among many other definitions of executive positions.

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Coworking: Need or Opportunity?

Many times when it comes to undertaking we see that there are a great multitude of impediments that stop our initiative.

One of the most obvious, especially in times of crisis, is financing. That is why a work modality called coworking has proliferated in Spain for a few years. But what is coworking?

The foundation of coworking is to bring together professionals from different fields in the same space where they can develop their activity, which means significant cost savings. In other words, it’s like having roommates with whom you share expenses.

Surely, you have heard a friend talk about a coworking space, collaborative work, cost savings, … So far great, but the philosophy that underlies this type of work is even broader. The work tends to be increasingly multidisciplinary and many times, as entrepreneurs , we cannot cover the requests of a potential client.

We are going to put an example. Let’s imagine that we are a freelance professional specialized in Online Marketing and we have several accounts as a Community Manager.

As you are self-employed, but you are not motivated either by being in your pajamas all day locked at home listening to music, or worse, some gossip program that they give in the morning on TV – not to mention going to work in a library where the WIFI is slower than on your first Smartphone – you decide to try a coworking space where you have all the comforts for a small price and from which you can always “run away” if things don’t go well for you.

One fine day comes the opportunity to create a Social Media plan for a company. Within this Plan the creation of a corporate blog, the creation of videos,… to which you obviously answer: “no problem!” Is contemplated, since it is an opportunity that you cannot miss.

Once you dismiss the client, you sit in your chair and a cold sweat starts to run down your forehead thinking “now how do I do all this?”

From its programming, database creation, corporate identity creation … to the creation of promotional videos and a long etcetera.

Suddenly you raise your head like a meerkat in the African savannah and you see Nika, that nice girl who is a web designer and a little further on you see Alfon, that “compi” with whom you go out for beer on Fridays when you finish ” currar ”and it turns out that in addition to working as an illustrator, he has a hobby which is making videos, especially for his friends, and on top of that, it’s really good!

Et voilá! You already have a fully qualified team to carry out your project… and who knows if a future company. This idea is what underlies the coworking philosophy : Being able to create flexible collaborative environments that adapt to the needs of projects or clients.

Obviously, cooperative work has its advantages and disadvantages. Creating a multidisciplinary team for a project can be complicated, since managing the team is not an easy task when the participants do not share a mutual philosophy or common goals. Therefore, it is important to create a team that complements each other both on a human and professional level, and above all that wants to move the project forward.

From my own experience, if you want to develop your own project and do not have funding , it is better to make it very clear to the participants the delivery times and what their role in the team is. Otherwise, you will end up spending more time trying to coordinate people than working directly on your project.
“Luck is what happens when preparation and opportunity meet and merge.” Voltaire

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