Google wins Employee of the Month, and Goldman is a bitcoin bull
Good morning everyone, and welcome to yet another fantastic Taco Tuesday!
Lime announced yesterday that it was returning to its original product, rideshare bikes, with a $50M investment. This new influx of cash will help them to both introduce a new model and double the amount of cities that they’re currently offered in. The new model in question will feature a 25mi range, a 350W motor, phone holder, and a top speed of 20mph. If that sounds appealing to you, we have some good news — there was recently legislation introduced in Congress that would give individuals a 30% off tax rebate for purchasing an e-bike!
Yesterday Google introduced a slate of new features aimed at increasing productivity while working virtually. Among those are the ability to enter “Focus Time”, where the software will limit notifications and alert your co-workers if they try to contact you, and “Time insights”, which will provide users with a complete breakdown of how much time is spent in each type of activity (meeting, focus, client call, etc.) during each day/week/month.
Unfortunately we don’t have any positive news to report here. Senators on both sides of the aisle are fighting for their positions. Currently the relief package is set to offer a $1,400 payment to most Americans, increase unemployment assistance, provide $350M to state governments, and expand funding for vaccine distribution efforts. Noticeably lacking from that list is the $15/hour minimum wage that was originally proposed by the Democrats.
After a three year pause on its cryptocurrency trading desk, Goldman Sachs has officially stated that it will be opening it back up as early as next week. Clients will soon be able to trade both Bitcoin futures and non-deliverable forwards from the desk, although it unfortunately has no plans at the moment to support other cryptos (sorry Dogecoin fans.) The bank is also exploring a Bitcoin ETF, which would be the first of its kind in the US.
149 years ago yesterday, Yellowstone became the first ever National Park in both the US and the world, something Ken Burns famously called, “America’s Best Idea” in his PBS documentary series.
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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