IP Whoa! A Bit of a Situation and Tesla Fizzles In the Garden State

What happens in China doesn’t necessarily stay in China…

Image courtesy 1shots/FreeDigitalPhotos.net

Image courtesy 1shots/FreeDigitalPhotos.net

You might MIGHT not have heard of Alibaba only because it’s not based in the United States. But you should get to know them. I mean really get to know them. The Chinese based e-commerce site carries more goods than eBay and Amazon combined. What’s more is that it’s expected to be the biggest IPO since Facebook’s auspicious debut setting all sorts of fun and expensive records. But the decision to take the IPO to the US has made Hong Kong a smidgen unhappy since Alibaba controls about 80% of all e-commerce in China. US based Yahoo also owns about a 24% stake in the company. And six of the most powerful banks in the US have all got their tongues wagging hoping to get a nice slice of the underwriting pie.

Just a bit of a discrepancy?

Image courtesy of ratch0013/FreeDigitalPhotos.net

Image courtesy of ratch0013/FreeDigitalPhotos.net

In the soap opera we call bitcoin, Dorian Satoshi Nakamoto continues to deny that he is the man behind über hot cyber currency, bitcoin, despite being fingered as the creator by Newsweek magazine. He even issued a statement via his attorney. In it he laments that he had to discontinue his internet service “due to severe financial distress” and hasn’t had steady work in a decade. Something tells me he could use a couple of those bitcoins right about now. The person believed to be the creator is said to own about $400 million worth of bitcoins. Bitcoin creator, whoever you may be, wherever you may be, (assuming you are not Dorian Satoshi Nakamoto, that is) it would be really cool, if you could throw a bit of coin Mr. Nakamoto’s way for all the trouble he’s going through just because he shares a name with you.

New Jersey is soooooo not with the current…

Image courtesy of Danilo Rizzuti/FreeDigitalPhotos.net

Image courtesy of Danilo Rizzuti/FreeDigitalPhotos.net

If you were thinking about going into one of those really cool Tesla stores to discuss purchasing one of its automobiles, just know that in New Jersey, my electric car-loving friend, they’re just talk. At least they’re going to be. No more Tesla showrooms. The correct term shall be galleries. Auto dealers in New Jersey (and Texas and Arizona) do not want you buying products directly from Tesla. They want you to go through a middleman/woman/person to purchase your vehicle because they’re deeply concerned and want to protect you. Oh, the oxymoron! Perhaps it’s because Tesla Motors CEO Elon Musk just didn’t shell out enough cash for his esteemed politicians that he had his business model uprooted in the Garden State. After all, auto dealers forked over about $140 million for local, state and federal elections because they care. Mr. Musk ponied up a little less than $500,000. Who knew that working tirelessly to create a state of the art, environmentally conscious automobile that wins Consumer Reports Best Overall Car means you just don’t care?

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