Tesla will be added to the S&P 500, a milestone that will expand its investor base and put the electric automaker in the same company as heavyweights like Apple, Berkshire Hathaway and Microsoft.
The announcement, made Monday afternoon by the S&P Dow Jones Indices, sent shares 13.7% higher in after-market trading. Tesla will officially join the benchmark index prior to trading December 21, the S&P Dow Jones Indices said in a statement.
When Tesla joins the S&P 500, it will be among the most valuable companies on the benchmark. Its weighting will be so influential that the S&P DJI is mulling whether to add the stock at the full float-adjusted market capitalization weight all at once or in two tranches.
“Tesla will be one of the largest weight additions to the S&P 500 in the last decade, and consequently will generate one of the largest funding trades in S&P 500 history,” S&P DJI said in a statement. “However, Tesla itself is very liquid, and adding the stock at the upcoming December quarterly rebalancing coincides with the expiration of stock options, stock futures, stock-index options, and stock-index futures, which may help facilitate the funding trade.”
Joining the S&P 500 has its benefits, as investors that have index-tracked funds will be forced to buy shares. With share prices already popping, that will mean investors will have to sell other stocks to make room for Tesla. Existing investors may, in turn, want to take advantage of that demand and sell. The upshot: The traditionally volatile stock might get a bit more volatile.
The inclusion on the benchmark follows Tesla’s decision in August to split its shares 5 for 1.
Who is the Founder of Wikipedia?
Wikipedia provides vast information of all sorts to millions of internet users on daily basis. Have you ever wondered how it came into existence or per harps the person(s) behind the web’s largest source of information to the public? Well keep reading as we unveil to you the founder of wikipedia and more.
Wikipedia a free online encyclopedia, created and edited by volunteers around the world and hosted by the Wikimedia Foundation.
According to the history of wikipedia, It began with its first edit on 15 January 2001, two days after the domain was registered by Jimmy Wales and Larry Sanger.
As of 2020, Wikipedia receives a monthly readership of 1.5 billion
Who is the Founder of Wikipedia?
About Jimmy Wales
Jimmy Donal Wales is an American-British Internet entrepreneur. He is also a co-founder of the online non-profit encyclopedia Wikipedia, and the for-profit web hosting company Wikia later renamed Fandom
Founder of Wikipedia
Wales was born in Huntsville, Alabama, where he attended Randolph School, a university-preparatory school.
He earned bachelor’s and master’s degrees in finance from Auburn University and the University of Alabama respectively.
In graduate school, Wales taught at two universities; however, he departed before completing a PhD to take a job in finance and later worked as the research director of a Chicago futures and options firm.
In 1996, he and two partners founded Bomis, a web portal featuring entertainment and adult content. Bomis provided the initial funding for the free peer-reviewed encyclopedia, Nupedia (2000–2003), and its successor, Wikipedia. On January 15, 2001, with Larry Sanger and others, Wales launched Wikipediaa free, open-content encyclopedia that enjoyed rapid growth and popularity. As Wikipedia’s public profile grew, he became its promoter and spokesman. Though he is historically credited as co-founder, he has disputed this, declaring himself the sole founder.
Wales serves on the Wikimedia Foundation Board of Trustees, the charity that he helped establish to operate Wikipedia, holding its board-appointed “community founder” seat. For his role in creating Wikipedia, which has become the world’s largest encyclopedia, Time named him one of “The 100 Most Influential People in the World” in 2006.
About Larry Sanger
Lawrence Mark Sanger is an American internet project developer and co-founder of the internet encyclopedia Wikipedia, for which he coined the name and wrote much of its original governing policy. Sanger has worked on other online educational websites such as Nupedia, Citizendium, and Everipedia.
While studying at college, Sanger developed an interest in using the internet for educational purposes and joined the online encyclopedia Nupedia as editor-in-chief in 2000. Disappointed with the slow progress of Nupedia, Sanger proposed using a wiki to solicit and receive articles to put through Nupedia’s peer-review process; this change led to the development and launch of Wikipedia in 2001. Sanger served as Wikipedia’s community leader in Wikipedia’s early stages but became increasingly disillusioned with the project and left it in 2002.
Since Sanger’s departure from Wikipedia, he has been critical of the project, describing it in 2007 as being “broken beyond repair”.
He has argued that despite its merits, Wikipedia lacks credibility due to a lack of respect for expertise and authority. He founded Citizendium in 2006 to compete with Wikipedia. Sanger’s status as a co-founder of Wikipedia has been questioned by fellow co-founder Jimmy Wales but is generally accepted.
Besides the Internet, Sanger’s interests have been focused mainly on philosophy—in particular epistemology, early modern philosophy, and ethics. He taught philosophy at his alma mater Ohio State University.
The idea of using a wiki came when Sanger met up with his friend Ben Kovitz on January 2, 2001, when Sanger was first introduced to wiki software.
Kovitz, whom Sanger had known from philosophy mailing lists, was a computer programmer who had come across Ward Cunningham’s Wiki.
Sanger was impressed with the possibilities offered by wikis and called Wales, who agreed to try it. Sanger originated the name “Wikipedia”, which he later said was “a silly name for what was at first a very silly project”.
Within a few days of its launch, Wikipedia had outgrown Nupedia and a small community of editors had gathered. Sanger served as Wikipedia’s “chief organizer”, running the project and formulating much of the original policy, including “Ignore all rules”, “Neutral point of view”, “No original research”, and “Verifiability”. He embraced Wikipedia’s encouragement of boldness among its editors, telling users to “not worry about messing up”. He also created the concept of “Brilliant prose”, which evolved into featured articles as a way to showcase Wikipedia’s highest-quality articles
How This Millennial Became a Millionaire in Five years
It is the desire of every person to make money and live their dream life. Most people spend most part of their lives searching for the best way to make money.
If you are in this group of people seeking the right way to make money and live your dream life, this article by Grant will give you some tips.
After graduating from the University of Chicago, Grant of Millennial Money found himself unemployed, living at home with his parents, and with a bank account balance of $2.26.
“That was a huge wake-up call for me,” the now 31-year-old, who goes by his first name exclusively, tells CNBC. “I remember thinking, ‘I never want to feel like this again in my life.’ I took a screenshot of my bank account as motivation and made it my personal goal to have $1 million in assets in five years.”
He landed a digital marketing job that paid $50,000 a year, but “quickly realized this just wasn’t going to be enough money. I wasn’t going to be able to get ahead making this and saving 5% to 10% of my income.”
Grant’s solution was to start a side hustle building websites. “The first website I built was a $300 one for a law firm,” he tells CNBC. “That law firm ended up recommending me to another law firm, and in six months, I went from charging $300 per engagement to $5,000.”
Within a year, he sold his first $100,000 project and decided to quit his full-time job to focus on growing his consulting business. Five years after taking the screenshot of his $2.26 balance, Grant hit seven-figures.
“I can’t guarantee that you will have the same results, but if you follow even just a few of these steps, you are likely going to be much better off financially than you are today,” he writes.
1. Get paid what you’re worth
“The number one thing that will dictate your future earning potential and get you to $1 million the fastest is how much money you are being paid today,” Grant writes. “Unfortunately, you probably aren’t being paid what you are worth.”
The simplest way to boost your earning potential is to ask for a raise. Grant recommends looking at the salary range for someone with your level of experience in your industry, which will help you understand what you’re worth.
2. Save a ton of money … and put it to work
“In order to build wealth you need to be making as much money as possible on your money,” Grant writes. “Because you can only make so much money at any career, investing is truly the key to wealth.”
During his five-year journey to seven figures, Grant saved 50% of his income. Today, despite his financial success, he still focuses on living simply and sets aside 40% to 50%.
The key, Grant says, is to make things automatic: “Talk to your HR company and have them start depositing at least 20% of your income directly into an investment account before you even see it. This is 20% of your income AFTER contributing to your 401(k). I have mine automatically deposited directly into my Vanguard investment account and the money then gets automatically invested into a mixture of index funds.”
3. Develop multiple streams of income
After you’ve maximized your earning potential and are saving a good chunk of your salary, focus on increasing your revenue streams, by finding a part-time job, starting a side hustle or establishing passive income.
“If your goal to build wealth you need to master the side hustle and make money other ways than just your full-time job,” Grant writes. “This can really be anything, including driving for Uber, consulting, or building websites on the side.”
Once you start making money from your side gig, invest 100% of the profits, says Grant: “Once you find a great side gig, you will be tempted to spend that money in your everyday life as your bank account grows — but I strongly recommend you think of your side hustle as a key to building wealth (over the long term) instead of just being rich today.”
4. Invest in what you know
While Grant is a big believer in simple index fund investing, he allocates 20% of his investment capital towards individual companies like Apple, Amazon and Google.
If you’re going to invest in individual companies, go with what’s familiar, he says: “Look at the products you use and consume every day; then research the fundamentals of those companies so you can learn more about their investment potential.”
It’s a strategy that investing legend Warren Buffett lives by. The billionaire only invests in companies that are within his “circle of competence,” a concept he first described in his 1996 Shareholder Letter.
5. Monitor your net worth
“I look at my net worth every day when I wake up in the morning and have my morning coffee,” Grant writes. “There are few greater motivations than seeing this number rise over time. No matter where you start from. I have been tracking my net worth for the past five years and my first balance was $2.26.”
He monitors his net worth using Mint.com, which allows you to link all of your financial accounts and displays your assets and liabilities. (Personal Capital does something similar.) Plus, it tracks your spending. “At the end of the each year I take a deeper dive into this data and track what I have spent the past year on everything so I can work to improve my spending,” he writes.
If bad habits are holding you back, don’t fret. Even the Millennial Millionaire is human: “In 2012 I discovered that I had spent over $3,000 on Mexican take-out food in one year, which is insane and taught me a lesson,” Grant writes.
7 reasons why you should choose 1xBet
Glusea brings to you reasons you should choose 1xbet
As a leading bookmaker in the industry, 1xBet helps millions of people to realise their dreams and win money with their favourite teams and athletes. 1xBet started operating in 2007, and since then has solidified its position as a reliable sportsbook. Sporting giants like FC Barcelona, the Spanish La Liga and the Italian Serie A, collaborate with 1xBet along with the famous sports organisations NAVI and Cascade. 1xBet has a valid international business license issued in Curaçao, which is a respected gambling certification centre.
1xBet currently operates an online betting hub within over 50 countries worldwide with no signs of slowing down. The bookmaker is frequently on the lookout for an opportunity to expand its influence and continuing its relentless global expansion drive. Here are some benefits you get with a global brand that stands out from the competition with seven reasons why you should choose 1xBet.
Outstanding sports betting options
Players prefer betting with 1xBet as the betting company provides:
■ high odds
1xBet provides enhanced, superior odds for numerous events so you can gather more significant wins.
■ broad range of markets
1xBet continually provides betting options where users gain access to over 4,500 markets in over 60 different sports, from tennis, baseball and football, to the speedway and pesäpallo. You can even bet on politics, science, economics, and show business.
■ a multitude of live streams
You can watch live-streams of your favourite athletes’ and teams’ victories while placing your bets without searching for local broadcasters or online.
Safety first at 1xBet
The cyber-security team at 1xBet prioritises the safety of players’ private data and personal details. The protection extends to every area, including financial data and each player’s information. By utilising the most advanced and sophisticated encryption software and protocols along with secure, two-factor authentication, 1xBet ensures every effort is made to protect its players’ data and prevent fraud and theft.
Top mobile app
Mobile users will enjoy the 1xBet app that is available to download on both iOS and Android-driven mobile devices. The app ensures a smooth user experience and incorporates identical features as the web version of the site. Users get the most convenient betting
options, direct access to exclusive entertainment with instant withdrawals anytime, anywhere.
Signing up and registering at 1xBet takes moments since you can create your account instantly with a single click. You can also choose to register via phone with your number, and by email. There are no long and complicated forms, and the entire process is convenient, fast and safe.
Prompt deposit and withdrawal of funds
There are more than 200 international and localised options to fund your online account at 1xBet! They include leading brands and market leaders like MasterCard, Visa, AirtelTigo Money, MTN, Vodafone. Players can use a standard currency or one of the numerous cryptocurrencies, including Bitcoin. There are 25 cryptos for betting at 1xBet including the popular Ethereum and Litecoin.
The service at 1xBet is second to none, with 24/7 support available to all players. You can communicate in over 30 languages and ask questions using a dedicated online live chat service. There are the options of getting in touch via email and phone as well. Whichever option, the 1xBet team of professionals is always there and happy to assist with your queries.
The ultimate ongoing bonuses and promotions
There are always surprise rewards, bonuses and ongoing promos at 1xBet designed to improve your betting experience. You start with an exceptional welcome bonus immediately after signing up. That awards you a 200% bonus with your first deposit, up to 550 GHS besides loads of other popular bonus offers. They include risk-free bets on significant sports events, birthday gifts, cashback deals, promotions for top world sports events with prizes including the latest branded smartphones, holiday tours to the most luxurious resorts in the world and luxury cars.
1xBet is your best choice
In over 13 years operating as a betting company, 1xBet has been incredibly successful. The best proof of that is the number of prestigious industry awards 1xBet has won. They include the SBC Awards, International Gaming Awards and several others.
1xBet has set the bar high with standards of excellence. Players get a diverse range of betting markets, outstanding odds, superior support service and many chances to win big. Choose the best, and enjoy your success with 1xBet!
You can create an account with 1xbet here
Ghana Election 2020: Exclusive: Nana Addo Allegedly Caught Taking Bribe – Video To Premier Soon
Dapo Abiodun Net Worth
Biden Appoints Nigerian-Born Adewale Adeyemo As US Deputy Treasury Secretary
Ghana Elections 2020: 109,000 persons to take part in early voting
Seyi Makinde Net Worth
- ENTREPRENEURSHIP1 year ago
companies of Dr papa Kwesi Nduom
- NET WORTH9 months ago
Richest Actors in the World 2020
- NET WORTH9 months ago
Richest Man in Ghana 2020 Forbes
- NET WORTH6 months ago
Richest Man in Zambia
- NET WORTH5 months ago
Best Rappers in the World
- Top List6 months ago
Top 50 Richest People in Zimbabwe
- NET WORTH9 months ago
Richest Presidents in Africa 2020
- ENTREPRENEURSHIP1 year ago
Top 10 Richest Men in Africa 2020 Forbes