The Best One Yet
🍯 “How to make $1 Billion” — Steve Ballmer’s money story. Electric Bikes’ Gen Z surge. Citibank’s criminal ATM.
Jul 8, 2024
Former Microsoft CEO Steve Ballmer shares his money journey. Discover the rise of e-bikes among Gen Z. Citibank's involvement in criminal ATM activities unveiled. Hosts present Mid-Year Resolutions and other intriguing business news stories.
24:02
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Quick takeaways
- E-Bikes sales booming due to Gen Z's pursuit of freedom over cars, hitting close to $1 billion in revenue.
- Citibank implicated in a money-laundering scandal, emphasizing the importance of banks in fighting financial crimes.
Deep dives
The Rise of Electric Bikes and Gen Z Influence
Electric bike sales are on the rise, driven by Gen Z's preference for e-bikes as a symbol of freedom over traditional cars. This trend has led to a surge in sales, reaching close to one billion dollars with a focus on affordability, convenience, and fun. Libraries and leasing models are promoting e-bike adoption, offering lower upfront costs to encourage widespread use.
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