1/30/2024 - TL;DW But I Read
Nike has filed lawsuits against 600 websites and 600 social media accounts for selling counterfeit sneakers...
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How Scrappers Cash In On Gold From Your Old Computer!
*Topic : Business
*Length : 12m 59s
*View : 2.6M
One ton of circuit boards contains about 100 times more gold than a ton of ore mined from the ground. Now, scrappers like Wade Crawley in Sydney, Australia, are cashing in. Heβs partnered with Mint Innovation, a company that uses microbes to recover precious metals from electronics. In a single day, Mint can salvage up to $85,000 of gold in their new recycling facility.
π The materials inside the electronics thrown out every year are worth an estimated $60 billion, highlighting the value of e-waste recycling.
π§ Electronic waste around the world has grown by at least 60%, totaling 50 million tons of trash every year.
π "Today, only about 9% of e-waste in Australia is formally collected. The US is only slightly better, at 15%."
π° E-waste is going to be the richest ore of the future.
π Mint's electronic waste processing facility in Sydney, Australia, uses a liquid bath of bacteria and fungi to extract valuable metals like copper, silver, palladium, and gold from circuit boards.
π° Mint's Sydney plant could recover more than $30 million of gold every year, highlighting the lucrative nature of scrapping gold from old electronics.
π± The importance of preserving old electronics from a historical standpoint, as they are getting less and less by the day, highlights the need for sustainable recycling practices.
π Environmental activist Jim Puckett emphasizes the importance of handling waste as a service to society, to prevent pollution and illegal exporting of hazardous trash.
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Why the counterfeit business is booming?
*Topic : Business
*Length : 13m 39s
*View : 1.2M
The quantity and quality of counterfeit sneakers have never been greater. As online sales boom, many buyers are deliberately choosing the steal over the real.
π¨ Despite some buyers seeing it as a victimless crime, organized crime is involved in the counterfeit market, making it a serious issue for big brands to worry about.
π° The high demand for athletic sneakers has led to a booming counterfeit market worth billions of dollars.
ποΈ The pandemic has made fake goods even more accessible, with e-commerce transactions and sales increasing rapidly, making buying fakes feel a lot like buying legal products.
π Rare authentic sneakers are being traded by investors for profits, with some pairs selling for millions of dollars at auction.
π° The demand for rare and authentic products has created a demand for high-quality fakes, with consumers willing to pay good money for them.
π The rise of influencers and e-commerce has led to an increase in demand for fake sneakers, making it difficult to shut down the supply.
π° Counterfeiters are not always committing victimless crimes and can be involved in dangerous and serious criminal activities such as human trafficking.
π° Counterfeiting harms the value of brands and dilutes their worth, similar to how counterfeiting money inflates away its value.
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Why is Nike Suing Everyone?
*Topic : Business
*Length : 11m 33s
*View : 260K
In the past few years, Nike has been on a mission to protect patents of their iconic shoes like the AF1, Nike Dunk, and the Air Jordan 1. This video breaks down some of the more well-known legal battles Nike has initiated. From the Bape lawsuit to the Lululemon lawsuit, we break it all down here!
π¦ Nike has filed lawsuits against 600 websites and 600 social media accounts for selling counterfeit sneakers.
π The controversial collaboration between Mischief and Little Nas X resulted in a wild and controversial limited edition Air Max 97 with holy water and religious symbols.
π©Έ The controversial release of the Satan shoes with human blood drew widespread attention and calls for a boycott of Nike.
π Mischief and the Brooklyn Collective were ordered to halt the fulfillment of the shoes, but the purchased pairs were immediately put on eBay for three or four times the retail price.
π€― StockX made NFTs of Nike sneakers without permission, leading to a legal battle with Nike over fair use.
π° The lawsuit included a request for monetary compensation, including profits from the sales of each custom-designed shoe.
π€ Nike's concern over the resell price of the original pigeon dunk by Jeff Staple, currently sitting on StockX for over $120,000, led to legal action against Warren Lotus and John Gyer.
π Nike filed a lawsuit against K Kai over their use of Nike's trademark designs, namely the Airai 85 which looks a lot like an Air Jordan 1 or a Nike dunk high.
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