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Profits Passport Review 2021: A Shameless Online Pyramid Scheme?

Most Profits Passport reviews promise the world if you sign up. This isn’t one of them. If you want the REAL scoop on Profits Passport – keep reading because we’ll be going through everything you need to know so you’ll know if Profits Passport is right for you. I am not affiliated with Profits Passport. If you’ve tried making money … Read more
The post Profits Passport Review 2021: A Shameless Online Pyramid Scheme? first appeared on The Make Money Online Blog.

Do You Have to Pay Taxes on Your PPP Loan?

January 27, 2021 4 min read
Opinions expressed by Entrepreneur contributors are their own.
The Paycheck Protection Program (PPP) proved to be one of the most extensive small business loan programs ever launched by the U.S. government. Over 5 million loans totaling over $525 billion were issued during the first draw of the program, which ended August 8, 2020.
The second draw of the PPP launched January 19, 2021, with $284 billion available to be disbursed and a few key differences. Eligible businesses must have 300 or fewer employees, whereas for the first emergency stimulus package, a business had to have 500 or fewer employees. Also, the maximum loan amount is now $2 million, whereas the first PPP was $10 million. 
Related: How to Finance an Acquisition Using an SBA Loan
However, most notable of the second draw PPP is that forgivable expenses have been expanded. In the first bill, businesses were eligible for loan forgiveness if the funds were used for payroll costs (60%) or payments on the business’ mortgage interest payments, rent, or utilities.
Now, however, forgivable expenses have been expanded to include those related to operations (HR, accounting, IT), property damage, suppliers, and worker protection (facility modifications and personal protective equipment needed to operate safely under Covid.)
While this might spell good news for small businesses still struggling to stay afloat, there’s another looming issue: taxes.
Since the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed in March 2020, tax guidance has changed several times. This was expected because the loan program was brand new. However, tax guidance changed again when the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) was passed in December 2020.
As a lender to small businesses, I am no stranger to answering business owners’ questions about various loan programs and offering a range of solutions—and flexibility is certainly key in this pandemic. 
Let’s have a look at some of the burning questions some of my clients have had surrounding the treatment of taxes with respect to PPP loans. Of course, the landscape is changing, and new laws may be passed, so it’s important to stay in close contact with your CPA or tax attorney for the most complete, up-to-date guidance.
Forgiven PPP loans and taxable income
Logically, if you receive money and don’t have to pay it back, then that should be considered income, right? A PPP loan can be forgiven as long as at least 60% has been spent on employee payroll costs. 
Related: A Mysterious Maine Farm Got a $1.2 Million PPP Loan
However, since the CRRSAA was signed into law in December 2020, Congress made it clear that a forgiven PPP loan is completely tax-exempt and is not taxable income.
In further good news, business expenses paid for with PPP funds can be written off like everyday business expenses. This means that payroll, rent, utilities—and for the second draw PPP, business services, software/IT, and property renovations/modifications—can also be written off. 
Additional tax credit programs 
As a further boost to small businesses, the U.S. Chamber of Commerce points out that businesses now have the opportunity to take out a PPP loan and simultaneously obtain the Employee Retention Tax Credit (ERTC) for both their 2020 and 2021 taxes, as long as the PPP and the ERTC don’t overlap and cover the same payroll expenses. 
Taking advantage of another program, businesses can utilize tax credits from the Families First Coronavirus Response Act (FFCRA) while also getting and using a PPP loan. As with the ERTC, businesses can take advantage of this program as long as the funds do not cover the same expenses.
Employers can also defer payroll taxes (as specified in the CARES Act) from March 27, 2020, through December 31, 2020, even after a PPP loan is forgiven. In order to give business owners some time and flexibility, 50% of the deferred taxes that accumulated in 2020 must be paid by December 31, 2021, and 50% of the deferred amount must be paid by December 31, 2022.
What PPP funds cannot be used for
Taxes cannot be paid with the proceeds from a PPP loan. The SBA has greatly expanded the allowable uses of PPP funds, but unfortunately, they cannot be used to pay a business’ taxes.
Related: This Convenient App Makes Financing Your Business Easy
Small businesses that do not qualify for the PPP still have several alternative financing options available to them and should consider any and all sources that make sense. Businesses often use a combination of financing strategies and some have had them in place as a Plan B. During these times, it’s wise to be resourceful.  

Spotify dominates streaming in Mexico

8 out of 10 users have a subscription to the platform.
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January 27, 2021 3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Spotify dominates streaming in Mexico , according to a study by The CIU (The Competitive Intelligence Unit) With 80.7% of users with an active account, this ranks first, followed by Google Play Music / Youtube Music with 5.1% ( an abysmal difference), Apple Music with 4.5% and Amazon Prime Music with 2.8% . The remaining 6.9% is divided between other platforms.
“This is explained by its abundant content offer, the possibility of listening to music with commercials, as well as attributing it to its foray into the market in its early development stage,” they explain in the study.
Image: The Competitive Intelligence Unit
The digital industry has had exponential reach and growth during the pandemic. Not only music creators have launched into the streaming world, but journalists, commentators, comedians, economists and other players have dabbled in this type of platform through podcasts. So the facilities that Spotify has has been the favorite for all these sectors.
The pandemic as a potentializer
In 2020, The CIU ensures that there was an annual growth of 10%, reaching 57.1 million listeners, of which 63.4% are represented by Internet users in Mexico. In addition, music is the main route of consumption during the pandemic.
The offer of new platforms responds to the growing demand and use of digital services, due to the adoption of connectivity equipment.
According to UNESCO data, the cultural and creative industries generate income of 2.6% of the world’s wealth and employ more than 30 million people. And very few have been able to cope with the health crisis when their operation was canceled, but only those who have managed to transmit via streaming can mitigate the effects a bit.
The migration of creators to digital media, due to the pandemic, points the way for all the industries involved to create an ecosystem conducive to innovation and the development of culture and creativity.
Where is streaming music consumed
With a greater availability of time for leisure at home, the access routes to streaming have changed. However, the smartphone leads with 97%, followed by the computer with 33%, Smart TV with 25%, tablet with 23% and the forgotten iPod, with 6%.
Image: The Competitive Intelligence Unit
Access to digital subscription music platforms increased 4.9% in 2020 , averaging 5.6 days a week. Of users, 71% log in every day, while 20% log in twice a week, 8% only once a week, and 1% every two weeks.

Population and Housing Census 2020: We are already 126 million inhabitants in Mexico

January 27, 2021 6 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Mexico ranks 11th in population worldwide.
We are a total of 126,014,024 people.
51.2% are women and 48.8% men.
The state of Mexico is the most populated federal entity with 16 million inhabitants, while Colima is the least populated, with 731, 391 inhabitants.
The National Institute of Statistics and Geography (Inegi) released the results of the 2020 Population and Housing Census corresponding to the 2020 Population and Housing Census, which was carried out from March 2 to 27, 2020. Here are the results.
Population
The total population in Mexico is 126,014,024 inhabitants. Of these, 64 540 634 are women (51.2%) and 61 473 390 are men (48.8%). Mexico ranks 11th in population worldwide, below Japan and above Ethiopia and remains in the same place compared to 2010.
Regarding the distribution of the population by federal entity, the most populated entities are the state of Mexico, with almost 17 million inhabitants, Mexico City, where 9.2 million people reside, and Jalisco with 8.3 million people. In contrast, Campeche, Baja California Sur and Colima are the entities with the least population, with amounts of 928,000, 798,000 and 731,000 people respectively.
The country has been observing a gradual aging process, although it is still young, this is reflected in the median age, which went from 26 to 29 years in the last decade, that is, in 2020, half of the population is 29 years old or younger. The aging process is also evident in the population pyramid, which has a tendency to reduce its base, while it continues to widen both in the center and in the upper part, which means that the proportion of girls, boys and adolescents has decreased and the proportion of adults and older adults has increased.

Migration
The population born in another country and living in Mexican territory amounts to 1,212,252 people, of which 797,266 (65.8%) were born in the United States of America. On the other hand, in the last five years 550,085 people came to reside in Mexico from other countries, mainly from the United States, Venezuela and Colombia.
Disability
The 2020 Census data indicate that in the country there are 20,838,108 people with some limitation, disability or mental problem or condition, which represent 16.5% of the population. Of these, 13,934,448 (11.1%) are people with some kind of limitation, 6,179,890 (4.9%) are people with disabilities and 1,590,583 (1.3%) have some mental problem or condition.
Education
From 2000 to 2020, the population aged 15 and over who cannot read or write an errand has dropped by almost 1.5 million people. In particular, 5.4 million people with this characteristic were registered in 2010 and there are currently 4,456,431, representing 4.7% of the population aged 15 years and over.
For its part, the average schooling of the population aged 15 years and over continues to increase, according to the results of the Census, in 2020 it is 9.7 years, one year more than that reported in 2010, this is equivalent to little more than high school finished.
Economic characteristics
According to the results of the 2020 Census, 62 out of every 100 people aged 12 and over are economically active. The economic participation rate is 75.8 for men and 49.0 for women.
The 2020 Census shows that in Mexico there are 37,891,261 people aged 12 and over who are not economically active, of these, 43.9% are engaged in household chores, 34.7% are students, 9.0% are retired or pensioners and 3.6% present a physical or mental limitation that prevents them from working.
Marital situation
According to the results, out of every 100 people aged 12 and over, 35.4 are married, 34.2 are single, 18.3 live in common law and the rest are separated, divorced or widowed. The percentage of the married population had a decrease of 5.1 percentage points, while the percentage of the population in common law union increased by 3.9 percentage points compared to 2010.
Religion
The Population and Housing Census 2020 allows to know some cultural characteristics of the population, the census questionnaire included a question about religion and through the use of this it is known that in Mexico 77.7% of the population declares themselves Catholic, 11.2% declares themselves Protestant or evangelical Christian, 0.2% declare another religion, 2.5% declare themselves a believer without having a religious affiliation and 8.1% declare themselves without religion.
living place
Regarding the amount of inhabited private homes, in the last decade there was an increase of 6.6 million, going from 28.6 to 35.2 million, which represents an average annual growth rate of 2.2% in the period. An average of 3.6 people reside in each private home, an average that has been decreasing over the last two decades, presenting a value of 4.4 in 2000 and 3.9 in 2010.
Of every 100 inhabited private homes, 96.2 have a cement floor or some other covering and only 3.5 have a dirt floor; 96.3 has piped water. Likewise, the 2020 Census reflects that 91.1% of inhabited private homes have a television, 87.6% a refrigerator, 87.5% a cell phone, 72.8% a washing machine, 52.1% have internet, 46.5% have their own car or truck, 37.6% have a computer, laptop or tablet and 37.5% have a fixed telephone line.
43.3% of the homes have pay television service, 18.8% have pay-TV movies, music or videos or online and 11.5% have a video game console.
The results of the 2020 Population and Housing Census can be consulted on the internet, on the Inegi website http://censo2020.mx/

4 E-commerce Trends To Watch For In 2021: A Case Study With AdRoll

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E-commerce businesses will need to contend with changing privacy laws and screen fatigue, among … [+] other changes this year.
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As the pandemic has reshaped our e-commerce behaviors, marketing to consumers has become vastly more competitive. 
More brands are selling online and more people are shopping online—which means that the competition for attention is growing, the number of online ads is growing, and that customers’ ability to tune out those ads is getting ever stronger.  
No one knows this better than AdRoll, the e-commerce marketing platform which serves over twenty thousand direct-to-consumer brands in the e-commerce space.  
I sat down with AdRoll’s CMO Jason Finkelstein to get more insight into what they’ve learned and what they are seeing for 2021.  
Shama Hyder: Tell me about some of the biggest changes you’ve noticed in e-commerce buying. 

Jason Finkelstein: Our e-commerce customers are seeing behaviors unlike ever before—holiday shopping beginning in August, not October, and a more consistent cadence of buying vs. seasonal shopping, for example. We expect this to continue in 2021. 
Hyder: You’ve mentioned that there are four big trends you’re seeing in eCommerce in 2021. Can you please elaborate?
Finkelstein: Sure. Here’s what we’re observing.

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More online shoppers and more brands. COVID-19 and the after-shocks on human behavior will last well beyond 2021 which will continue to drive shopper behavior online. Immediately after the pandemic hit, the U.S e-commerce market saw about 10 years worth of growth in a single quarter! More shoppers mean more opportunities, and also challenges, in communicating with customers old and new. At the same time, the barriers have never been lower for new brands to sell online. Success begets copycats. So it’s never been more important for brands to not just start but sustain deep and ongoing customer relationships.
Lower shopper attention span plus the one-time purchase as the enemy. Screen fatigue will make consumer screen time (177 min/day on phones!) start to peak. This is the “attention economy” —ever-increasing competition for already limited consumer attention span and increasing need for brands to deliver relevant messaging in order to build sustained relationships with customers. Just getting a customer to make a single purchase is no longer enough for brands to be successful.
More shopper touchpoints. With the continued rise of conversational commerce (chat and voice), connected physical retail experiences like AR, connected TV, and new social channels, apps and services (see: TikTok!), the consumer journey will become even more complicated. There are already 56 average retail consumer touchpoints, from the first intro to sale, and these new mediums will add even more complexity to understanding consumer behavior online and not just connecting with shoppers, but building relationships with them.
Ads will get more privacy, but remain just as important; brands will cultivate more direct shopper relationships. Google Chrome, which has two-thirds of the browser market, will delay phasing out third-party cookies past their deadline of Jan 2022, but even after that happens, ads will remain critical in the marketing mix of brands.  The growing focus on user privacy will force brands to concentrate on getting 1st party data and building deeper direct customer relationships, but those relationships will need to bridge upper funnel touches with ads and post-purchase with email, ads and other channels.
Hyder: What does this mean for brands selling online in 2021? 
Finkelstein: With so many mediums and touchpoints, it’s difficult to figure out where to spend time and budget. So focus on high impact opportunities, especially ones that can be automated with the right tools! Zoom in on customer conversion points.
For example, we’ve found that cart abandonment is a huge opportunity and many e-commerce brands aren’t doing it as well as they could. We’ve seen that, on average, shoppers who are targeted with both emails and ads in a coordinated fashion – specifically for recovering abandoned carts – are 2x as likely to convert, and convert 2x as fast as shoppers who see ads alone. Most brands just use email alone or ads alone to target cart abandoners. Using both channels in tandem is a powerful combination.
In addition, loyalty is low. 75% of brands’ customers never purchase again at that same online store, according to our data from Shopify customers. 
And on average, direct-to-consumer brands observe 2x as many cart abandoners (customers who leave the site before initiating checkout) as checkout abandoners (customers who enter their information to begin the checkout process, but do not complete it). 
Marketers will need to figure out clever strategies to keep consumers coming back if they want them to go from one-time voyeurs to recurring buyers. If brands haven’t looked into calculating purchase frequency and repeat purchase rate, they’re already behind. To drive these metrics, for example, brands can focus on win-back retention email programs, target existing customer audiences with a rewards program, or even gamify purchases with badges or ranks. One-time purchases are the enemy of brands.
Finally, privacy will continue to be a focal point for e-commerce next year, especially as third-party cookies officially phase out, so marketers will need to make some big bets when it comes to what they’re doing to adapt and get ahead of the curve here.
Building deep, ongoing customer relationships will be critical to success in 2021, and that involves several different factors: 
 Building brand awareness 
Growing in-house email lists
Investing in growing and keeping valuable first-party data
Selecting vendors that give them a place to store and use that first-party data to manage communications across channels in one place
In 2021, e-commerce brands will need to up their game in how they communicate with customers, or they’ll be left behind and forgotten. There’s no way around it — marketers must get more sophisticated, and that means unifying their communications across channels and across their customer journey, targeting their audiences more effectively, and investing in growing their own first-party customer data now. In e-commerce, brands that build long-standing relationships with customers will win.

Why Self-Publishing Could Be Damaging to Your Business

January 27, 2021 8 min read
Opinions expressed by Entrepreneur contributors are their own.
Writing a book. It’s one of the most widely held aspirations and a common feature on entrepreneurs’ and business owners’ goals list. With the incredible results and benefits associated with authoring a book (when done properly), it’s no wonder that recent years have witnessed a huge surge in professionals not only aspiring to write a book but now taking action to bring such goals to fruition. However, with this surge in book-writing, coupled with advances in technology, there have been changes in the publishing industry. Although some newly forged pathways are proving to offer avenues to success previously inaccessible to anyone besides professional writers, other changes are not necessarily for the better — and do not lead anywhere even remotely close to success.
In 2021, new platforms and cost-free strategies have led to a significant rise in the number of people opting for, advocating and encouraging self-publishing. With this new narrative, there is a pressing need to consider whether the easiest and cheapest routes are the most effective, especially when your book represents your business and brand, and when anything but professional publication can prove to be hugely detrimental to the long-term success of the book — and its author.
Related: The Must-Haves When Planning Your Lead-Generating Non-Fiction
So what are the pros and cons of self-publishing, and how can these be offset or overcome? The following provides a breakdown of just three of the many necessary publication processes requiring critical consideration, especially when the book in question is lead-generating non-fiction being used as a means to showcase the author’s expertise in their industry.
1. Cover design
“I’ve always been good at Photoshop. I could design a cover myself.”
Famous last words — and ones I’ve heard myself before witnessing the inevitable book flop. It is common for those advocating self-publishing to believe an author can do everything themselves and without any monetary cost, with cover design one of the most problematic areas when it comes to getting your book out into the world. A cover is the first glimpse into a book, and first impressions count. So why risk getting it wrong?
The pro of designing your own cover: It only takes your time, so it can be done without any financial investment.
The con of designing your own cover: The final cover could convey the wrong message, look cheap and unprofessional, attract the wrong audience, discourage your target market from buying/reading, and look self-published (which is never desirable).
Solution: Either invest in a professional cover designer, with a background and expertise in cover design or invest significant time in learning the formula and creative skills governing cover design in the professional publishing world.
2. Editing and proofreading
“I’m always picking up on errors in books. I could edit my own manuscript.”
It takes proper training and a wealth of experience to become a proficient editor with the skills needed to edit, polish and refine a manuscript to its greatest potential. Nonetheless, when cheering for self-publishing, it is common for authors to complete their own edits or ask someone in their immediate circle to just “go over the manuscript” for you. Neither of these will ever be sufficient, because not only do we, as writers, become completely blind to the typos in our own work and the holes in our story’s plot, but there is far more to editing a manuscript than merely identifying errors. When so much work, time, energy and focus have gone into writing the book, why not strive for perfection and make it the very best version of itself by having a skilled editor complete the editorial process?
The pro of editing your own manuscript: Again, it only takes your time, and so there is no need for any money to be invested in the process.
The con of editing your own manuscript: You might miss errors and typos, confuse tense, fail to identify plot holes or tie up loose ends, not answer all of your readers’ questions, neglect to take the reader on a journey, or forget to include important must-haves, such as references or resources.
Solution: Either invest in a professional editorial team, with sufficient qualifications and experience in the editing of book manuscripts or learn the skills and processes of a professional editor.
Related: How to Begin Writing Your Lead-Generating Non-Fiction Book
3. Distribution
“I can just publish an eBook on Amazon.”
Amazon is the biggest book retailer in the world, and although it offers a huge platform for book-readers of all genres, it remains that not all people want to read an eBook or wait for the delivery of an Amazon-printed paperback — and not all people want to buy from Amazon. Furthermore, some people still want to visit their local bookstore, pull a physical, beautifully printed paperback or hardcover from the shelves, feel it between their fingers, and take it home then and there.
With the time, energy and effort that should go into a book, it makes sense for it to have the greatest reach possible. When a book is representing an author as a business professional and their brand and company, it makes even more sense to make sure it is available as a high-quality physically printed publication and on more than one platform (i.e. not only through Amazon, but Barnes & Noble, Chapters Indigo, Waterstones, Walmart, Target, Gardners, Bertrams, and countless other key players in the book retailer arena). To self-publish an eBook on Amazon is far from the most effective and wide-reaching choice, and makes entrepreneurs’ lives harder when looking to maximize lead-generation tools and marketing strategies, such as book funnels and “free plus shipping” offers.
The pro of limiting your distribution: Creating an eBook on Amazon is quick, simple and free, and comprises less than a handful of steps. Again, it only takes your time (and very little of it).
The con of limiting your distribution: Your book would achieve greater exposure and reach if it was made available across various outlets and platforms, as well as in different formats, and it would allow you to utilize other marketing avenues.  
Solution: Either take the initiative to contact and negotiate the listing and stocking of your physical book in other stores and across other networks or widen your distribution network by opting to have your book listed and detailed on the world’s retail, wholesale and distribution channels.
Importantly, there is never any shame in pursuing any specific route to publication if it does justice to your book, makes your book available on a large, global platform, is designed, presented and published professionally, and helps the author to achieve and attain the goals and results they outline at the beginning of the process. With that said, it is important to consider that the book’s overall production needs to be aligned with the quality of service/product offered and sold by the author and company. If this is not the case, the prospect will question whether the standards of the book mirror the services offered by the company. After all, how can you claim to achieve impeccable outcomes for your clients if you can’t do the same for yourself and your book?
Related: Want Your Book to Land Bestseller Status? Follow These Steps
As the founder and owner of an award-winning hybrid publishing house, which operates globally and has a team of skilled cover designers, editors, proofreaders, typesetters, publishing consultants and marketers with access to global distribution, retail and wholesale channels, my take on book-publication is simple. If publishing was as easy as self-publishing and required no financial investment at all, there would be no publishing industry. Like with anything in the world, you get what you pay for. If the most important thing is the financial investment and the need to do things on a budget, there is also the need to be realistic when it comes to the standards of production and the results that can be expected.
This isn’t to say self-publishing cannot possibly be done to an incredible standard or achieve huge success. It can, but such cases are few and far between. Generally speaking, a self-published book looks self-published — and that isn’t what anybody wants for their book, especially a successful entrepreneur with high-level clients.

GameStop shares soar on Wall Street because of Reddit

The company broke record in value, after a fight between redditors and investors.
Entrepreneur’s New Year’s Guide
Let the business resources in our guide inspire you and help you achieve your goals in 2021.

January 27, 2021 4 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

GameStop is an American retailer of video game products, electronics and consumer games. However, in recent times this chain has been identified by various controversies related to a continuous loss in the value of its shares. However, it has recently become a protagonist due to a surprising increase in value in its shares, this thanks to a subreddit .
Despite the fact that the launch of the next generation consoles did not obtain positive financial results, in previous days there was a significant upswing in its shares. Now it is known that this was due to a stock market phenomenon that included Reddit users and, above all, too much speculation, which generated a historic rise in GameStop shares and that they were already beginning to decline.  
Image: GameStop – NYSE: GME
The company GameStop (GME on the stock exchange) began to attract the attention of users, unexpectedly, in previous days for its sudden increase in the value of its shares. January 22 was more evident, as it started the day with $ 42.59 , but reached $ 76.76 , an increase of almost 80 percent.
With the above in mind, it must be remembered that the highest value that its shares had achieved was in 2007 , when it achieved $ 63.30 , according to information from GamesIndustry.biz
That said, last Friday, due to this rise, a couple of times its operations in the stock market were suspended. This was not the end of the situation, since on Monday, January 25, the price rose even more and reached as much as $ 159.18 dollars.
Surely there are many doubts about for what reasons and how it was that GameStop gained the trust of certain investors and they were invited to bet on it. The truth is that everything was due to external factors. Although the chain has been losing economic relevance with the passage of time due to the fall in demand for physical games to benefit digital ones, the pandemic and other elements, its actions soared, GameStop had become one of the values WallStreet with more short investors. Basically, this means that it translates into the bet that the value of the company continues to fall and that they benefit from the losses.
How did the rise in stocks start?
The phenomenon is attributed to a fight between Reddit users, investment institutions and high speculation by shareholders. Likewise, it is associated with the fact that said event involved users of the WallStreetBets subreddit, who were guided because some YouTube and TikTok characters mentioned that the company had a large amount of short assets – approximately 71.2 million shares – which generated the sudden acquisition of actions.
What does a short contraction refer to?
There are some ways to make money through the stock market, one of these is when you bet low on a company, which allows you as an investor to make money when the share price of that company is low.
When talking about shorting a share, it refers to when a borrowed share is sold when it has a high value and then get it again (acquiring it) when it falls in price and thus keep the difference when returning it to its owner. If all went well, the price of this stock would have dropped, the stock would be bought and returned to its owner with a profit.
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Elon Musk VS Jeff Bezos in the race for satellite internet

SpaceX and Amazon discuss a recent request from the aerospace company to place its satellites at lower altitudes.
Entrepreneur’s New Year’s Guide
Let the business resources in our guide inspire you and help you achieve your goals in 2021.

January 27, 2021 3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

The two richest men in the world are in dispute. Elon Musk criticized Amazon through his Twitter and SpaceX accused the company led by Jeff Bezos of making “misleading claims” referring to what the ecommerce giant’s spokespersons said regarding new Starlink strategies.
SpaceX is seeking an affirmative response from the US Federal Communications Commission (FCC) to its request to place the satellites of Starlink, its satellite internet system, at lower altitudes than planned.
SpaceX Director David Goldman spoke with FCC officials late last week to discuss the company’s proposal to modify some of the Starlink satellites to lower altitudes and give a presentation with an update on progress. of the network ”, explained in his account of Twitter, Michael Sheetz, reporter of CNBC .

SpaceX director David Goldman spoke with FCC officials late last week, to discuss the company’s proposal to modify lower some of the Starlink satellites to lower altitudes and give a presentation with an update on the network’s progress: pic.twitter.com/QcDrKCB8Wi
– Michael Sheetz (@thesheetztweetz) January 25, 2021
Amazon is against this request by the directors of SpaceX, the e-commerce company alleges that the changes that the space firm intends are dangerous for collisions in space, increase radio interference for customers and interfere with other satellites.
Image: Drew Angerer and Anadolu Agency via Getty Images
“These changes not only create a more dangerous environment for collisions in space, but also increase radio interference for customers. Despite what SpaceX posts on Twitter, it is the changes proposed by SpaceX that would paralyze competition between satellite systems. Clearly, SpaceX is interested in stifling competition in the crib if they can, but it’s certainly not in the public’s interest, “an Amazon spokesperson told CNBC .
Jeff Bezos’ company also has a satellite internet system called Project Kuiper, with which he plans to launch 3,236 service satellites in low Earth orbit. However, they have not yet begun to produce them.
Faced with this situation, Elon Musk responded to Sheetz’s reports through Twitter saying: “It is not useful for the public to paralyze Starlink today because of an Amazon satellite system that, in the best of cases, is several years away from working.” .

It does not serve the public to hamstring Starlink today for an Amazon satellite system that is at best several years away from operation
– Elon Musk (@elonmusk) January 26, 2021