Revlon

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟭𝟲.𝟬𝟲.𝟮𝟬𝟮𝟮

Hello getquin,

the winner of this week's challenge is 🥁 @Staatsmann
with his post on the

Question: are renewable energies really subsidized more than fossil energy generation methods?

Check out the post here 👉.https://app.getquin.com/activity/qZWJiZnYwB

But feel free to check in with @basti_zozo as well! He needs your advice on two stocks:
https://app.getquin.com/activity/nvdkdSUcAc

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

1. 𝘈𝘶𝘥𝘪 𝘷𝘦𝘳𝘬𝘭𝘢𝘨𝘵 𝘕𝘐𝘖

Chinese automakers are expanding their presence in Europe. In the process, conflicts occasionally arise. Audi is currently seeking legal action with one of the Chinese electric newcomers. According to the company, VW's luxury division has sued Nio in Munich. Some of the models, which are being offered in Europe for the first time, violate Audi's trademark rights.

Two Nio SUVs with model numbers ES6 and ES8 are specifically mentioned in the lawsuit. The S6 and S8 are two sporty sedans that Audi has been selling for some time. VW's Ingolstadt subsidiary claims that the model designations of Nio's new electric vehicles are too similar to those of previously launched Audi models.

More on the legal dispute:
https://bit.ly/3xzcXqi

🟥 $VOW3 (+0,72%)
(🔽 -3,21%)

🟥 $NIO (-3,42%)
(🔽 -7,5%)

2. 𝘜𝘱𝘷𝘦𝘴𝘵 𝘴𝘤𝘩𝘭𝘪𝘦ß𝘵 𝘍𝘪𝘯𝘢𝘯𝘻𝘪𝘦𝘳𝘶𝘯𝘨𝘴𝘳𝘶𝘯𝘥𝘦 𝘢𝘣

After the big hype comes the big disillusionment: the price declines of tech stocks in recent months have dampened the mood. Financial start-ups are also feeling the effects of this trend (fintechs). Financiers are more cautious now, after having the opportunity to pick their investors in 2021.

However, the boom in venture capital seems to be continuing in one sector: B2B fintechs, which are typically other fintechs focused on business customers (business-to-business). For example, Berlin-based fintech Upvest informed that it raised $42 million (about €40 million) in a funding round. Compared to the last financing round, which took place about a year ago, this increases the company's valuation by more than five times to a low three-digit million amount. Upvest does not want to give specific figures.

More on the startup:
https://bit.ly/3tDNz1I

𝗔𝗺𝗲𝗿𝗶𝗸𝗮 🌏:

3. 𝘙𝘦𝘷𝘭𝘰𝘯 𝘣𝘦𝘢𝘯𝘵𝘳𝘢𝘨𝘵 𝘐𝘯𝘴𝘰𝘭𝘷𝘦𝘯𝘻𝘴𝘤𝘩𝘶𝘵𝘻

Revlon filed for Chapter 11 bankruptcy protection Wednesday night as the company struggles with a heavy debt load and a broken supply chain. The company said it expects to receive $575 million in financing from its existing lenders to support day-to-day operations. Revlon is the first major consumer-facing company to file for bankruptcy protection amid years of retail distress.

Revlon produces a variety of cosmetics and the company employs about 6800 people.

Read more:
https://cnb.cx/3xUSHAJ

🟥 $REV
(🔽-26,88%)

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Time: 17:00 CEST

𝗙𝘂𝗻 𝗙𝗮𝗰𝘁:

The first coins were minted (made) about 2,500 years ago.