BLOOMING INSIGHTS

Apple’s iPhone update, iOS 14.5, brings a lot of new features. One of these features called App Tracking Transparency,  pops up the privacy notification. It prompts users to give apps the permission to track their activity across other apps. This new feature has been in controversies lately and has caused a huge rift between Apple and Facebook. Let’s discuss why Facebook doesn’t seem to like the update. What’s it about? Every iPhone or iPad has IDFA (Identifiers for Advertisers) that are used by companies, like Facebook, which sell mobile ads. They target ads based on your preferences and data, and can even be paired with Facebook’s tracking pixels / cookies to learn more about you. However, Apple’s new update regarding privacy pop-up notification, will force app developers to ask permission from users to use IDFA. Why was Facebook against it? This iPhone update could directly affect the annual earnings of approximately $86 billion that Facebook earns using targeted advertis...

Background Adani group is an Indian multinational conglomerate. It was founded by Gautam Adani and is headquartered in Ahmedabad, Gujrat. Initially it was engaged in the commodity trading business but subsequently expanded in many other businesses like logistics, defense, aerospace, financial services, real estate, agriculture, etc. and came up with many subsidiaries.   Performance Records Adani Group maintained consistently rising revenues since 2009. As it can be seen in the chart given below, they earned whooping profit over the years, except for a huge downfall in the year 2017. This was because in August 2017, Indian Custom alleged that Adani groups have diverted funds from the company's book to Adani family tax havens overseas.    Source: Business Standard In the below graph, we can see the rising slope of the market performance of the firm in the preceding financial year.  The Downfall of 2021 The group was receiving a positive response in the share market ...

June is Pride Month! It is a time dedicated to supporting and celebrating the LGBTQ+ community and its history. Whether you identify as Queer yourself or are an ally, everyone can join this celebration of love. Pride is about fight for rights, acceptance, love, and expression. It's a moment, not just a parade. It reminds us of painful history queer people have had and it gives hope for the future. It unites such a diverse community and makes it a family, with a bond so strong no law can push down. Why is Pride Month celebrated? Pride is celebrated every year in June in honour of the Stonewall Uprising, which took place in 1969 in Manhattan. Pride month actually started as a riot. It was a riot against the police brutality! A riot against unjust society! A riot for equal rights! On 27th June, 1969, police went violent against the queer people outside Stonewall, a gay bar in New York City. They were beating and hurling them in police car to throw them behind the bars. But Marsha P Jo...

In ancient times, people followed barter system in which goods were exchanged for goods. They started facing difficulties in the barter trade and thus gold coins were introduced to facilitate trade. As time passed, difficulty was faced in transporting coins which led to issuance of currency notes by the government backed by precious metals. Various reasons like countries wanting to print more currencies during wars to pay war cost, led to use of fiat money. Today these currencies are not pegged; rather their demand and supply determine the variable exchange rates.  You must be then wondering why the world felt the need for cryptocurrency after the introduction of fiat money! The reason is that the fiat money faces two major issues. These are centralization of power of issue of currency and no capping on amount of issue of currency. This leads to high inflation in cases when proper regulation is not there. Hence, to tackle this issue cryptocurrency came into the picture. Not only is...