A $4 cheque from 1976 written by Apple co-founder Steve Jobs to Radio Shack sold for over $36,000 at the Boston-based RR Auction on Wednesday. The cheque joined the hot market for Steve Jobs' signature, who drew the cheque against the Apple Computer Company account at a Wells Fargo Bank in Los Altos, California.

A $4 cheque from 1976 written by Apple co-founder Steve Jobs to Radio Shack sold for over $36,000 at the Boston-based RR Auction on Wednesday. The cheque joined the hot market for Steve Jobs' signature, who drew the cheque against the Apple Computer Company account at a Wells Fargo Bank in Los Altos, California. However, it is not the first time a Steve Jobs-signed item sold for such a high price. In 2022, a $9.18 Apple Computer cheque signed by Steve Jobs in 1976 sold for $55,000, and another cheque of $13.36 from the same year to Elmar sold for $37,654 in March 2023. In 2018, Steve Jobs' signature on a job application for "electronics tech or designer engineer" from 1973 sold for $174,757. The auctioneer classified it as the Apple co-founder's earliest known signature. ALSO READ | Gemini AI boosts Alphabet's stock as Google seeks to regain AI leadership from Microsoft In December 2011, Sotheby's sold the signature that appeared on the original Apple founding contract signed by Steve Jobs, Steve Wozniak, and Ronal Wayne in 1976, when Jobs was 21. They auctioned it for $1,594,500. On Wednesday, the RR Auction sold the $4 cheque to Radio Shack for $36,850. RR Auction said, "The biggest tech innovations of the 20th century are all, in varying degrees, indebted to the Boston-based electronics store". They described the item on sale as "a superb cheque signed by the innovative persona." Not only Steve Jobs' signatures but also his business cards have high value. In May 2015, a high school charity auction in California auctioned his three business cards from three companies for $10,050. ALSO READ | Trial of groundbreaking HIV vaccine halted in Africa Furthermore, it's not just Jobs whose signatures have increased in value. In a Julien's Auction in New York last year, Steve Jobs' old pair of brown suede Birkenstock sandals, which he wore during the early days of Apple, sold for $218,750. It was the highest price ever paid for a pair of sandals at an auction. Apple's first official address at 770 Welch Rd, Ste 154, Palo Alto, will be next on the auction list. The auction house said it was "the location of an answering service and mail drop they used while operating out of the famous Jobs family garage." A private collector has had the artefact in his collection since the 1990s, according to an auction house, Mercury News reported. (With inputs from agencies)

A $4 cheque signed by Steve Jobs in 1976 fetches more than $36,000 at auction

There is no brand without a logo. The logo is the prime identifier for all brands. To understand the value of a logo, all you need is to look at the core value of a brand. The logo is the brand's identity.

How Logo holds the value of a brand and why they are worth investing in?

According to the calculation on a leaked memo of billionaire Elon Musk, the worth of Twitter is less than half of what he spent to buy it six months ago, reflecting that Musk faced a loss of more than $20 billion (£16.4 billion) in value.

In the memo, Musk suggested to the staff of the social media company that it is now valued at less than $20 billion. Comparing this with the hefty amount of $44 billion with which he bought the company in October 2022 clearly shows the loss he is facing.

ALSO READ | <a href="https://www.wionews.com/technology/elon-musk-co-founded-chatgpt-maker-openai-left-before-it-made-fortunes-575664">Elon Musk, who co-founded ChatGPT-maker OpenAI, left before the firm made fortunes</a>

The steep devaluation of the company follows the turbulent takeover by Musk. The platform was left by various large advertisers. Investment firm Fidelity which worked as a major source of funds for Musk in purchasing the company has written down its stake's value by 56 per cent.

The measure of Twitter's worth was based on the offer of Musk stock grants, as per the Platformer and the Information which was the first one to report about the memo.

Stock grants, which are normally used as a way to incentivise employees, are an opportunity to purchase shares that cannot be sold till a set point in time, as opposed to the stock options, which – on the basis of the applied conditions – can remain flexible.

It is aimed at encouraging staff to meet a set valuation by a given point in time so that the shares for cash can be sold. The stock grants can be “sold every six months, based on a third party valuation”, read another internal email sent to Twitter staff.

WATCH | WION Speed News: Elon Musk once again the richest man in the world

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An email from Musk said that before many acrimonious, high-profile layoffs the company was running out of money for four months.

In the latest memo, Musk told staff, “I see a clear, but difficult, path to a &gt;$250B valuation,” which would reflect a tenfold increase in share value.&nbsp;

(With inputs from agencies)

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According to the calculation on a leaked memo of billionaire Elon Musk, the worth of Twitter is less than half of what he spent to buy it six months ago, reflecting that Musk faced a loss of more than $20 billion (£16.

According to the calculation on a leaked memo of billionaire Elon Musk, the worth of Twitter is less than half of what he spent to buy it six months ago, reflecting that Musk faced a loss of more than $20 billion (£16.4 billion) in value. In the memo, Musk suggested to the staff of the social media company that it is now valued at less than $20 billion. Comparing this with the hefty amount of $44 billion with which he bought the company in October 2022 clearly shows the loss he is facing. ALSO READ | Elon Musk, who co-founded ChatGPT-maker OpenAI, left before the firm made fortunes The steep devaluation of the company follows the turbulent takeover by Musk. The platform was left by various large advertisers. Investment firm Fidelity which worked as a major source of funds for Musk in purchasing the company has written down its stake's value by 56 per cent. The measure of Twitter's worth was based on the offer of Musk stock grants, as per the Platformer and the Information which was the first one to report about the memo. Stock grants, which are normally used as a way to incentivise employees, are an opportunity to purchase shares that cannot be sold till a set point in time, as opposed to the stock options, which – on the basis of the applied conditions – can remain flexible. It is aimed at encouraging staff to meet a set valuation by a given point in time so that the shares for cash can be sold. The stock grants can be “sold every six months, based on a third party valuation”, read another internal email sent to Twitter staff. WATCH | WION Speed News: Elon Musk once again the richest man in the world An email from Musk said that before many acrimonious, high-profile layoffs the company was running out of money for four months. In the latest memo, Musk told staff, “I see a clear, but difficult, path to a >$250B valuation,” which would reflect a tenfold increase in share value. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Musk's leaked memo suggests Twitter's value less than half of what he paid

Spotify, the glorious Swedish streaming giant, made it to the big leagues almost immediately after it went public in April 2018.

At its market debut, the company's shares opened to trade at $165.90, marking an initial valuation of $29.5 billion as it went public via a direct listing method.

However, Spotify's short-lived reign as a major streaming platform has become increasingly questionable as its stock trades at $80 per share, with a rough 80 per cent drop from its record close value this year.

What is likely surprising is how the streaming giant has slumped to huge losses despite signing big deals with the royals, Joe Rogan, the Obamas, and Kim Kardashian.

The company spent around $1 billion pushing the deals with the big stars, with an additional $230 million on acquiring podcast studio Gimlet in 2019, $200 million to Joe Rogan, and another $200 million for the Ringer in 2020.

With the slump in global financial markets post the Russia-Ukraine war and the increasing fears of inflation, the company is now facing an issue with increasing expenditures even as the collected revenue remains nearly the same.

Experts suggest the company needs to go beyond its plan of increasing monthly subscriptions through multi-year licenced contracts.

With its full collection coming from its $200 million paid premium users, the demand for audio content has slumped as competitors such as YouTube, Apple, Amazon, and TikTok retain their market share, especially of the Gen-Z population.

As Spotify enters a new phase, it needs to diverge from the previously well-sought strategy of podcasts back to advertising.

The company is now trying to adopt YouTube's strategy that uses ad services to monetise content. With the promise to retain more creators, Spotify vows to deliver funds based on the true cut, which currently goes into the pockets of the music businesses.

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Spotify, the glorious Swedish streaming giant, made it to the big leagues almost immediately after it went public in April 2018. At its market debut, the company's shares opened to trade at $165.

Spotify, the glorious Swedish streaming giant, made it to the big leagues almost immediately after it went public in April 2018. At its market debut, the company's shares opened to trade at $165.90, marking an initial valuation of $29.5 billion as it went public via a direct listing method. However, Spotify's short-lived reign as a major streaming platform has become increasingly questionable as its stock trades at $80 per share, with a rough 80 per cent drop from its record close value this year. What is likely surprising is how the streaming giant has slumped to huge losses despite signing big deals with the royals, Joe Rogan, the Obamas, and Kim Kardashian. The company spent around $1 billion pushing the deals with the big stars, with an additional $230 million on acquiring podcast studio Gimlet in 2019, $200 million to Joe Rogan, and another $200 million for the Ringer in 2020. With the slump in global financial markets post the Russia-Ukraine war and the increasing fears of inflation, the company is now facing an issue with increasing expenditures even as the collected revenue remains nearly the same. Experts suggest the company needs to go beyond its plan of increasing monthly subscriptions through multi-year licenced contracts. With its full collection coming from its $200 million paid premium users, the demand for audio content has slumped as competitors such as YouTube, Apple, Amazon, and TikTok retain their market share, especially of the Gen-Z population. As Spotify enters a new phase, it needs to diverge from the previously well-sought strategy of podcasts back to advertising. The company is now trying to adopt YouTube's strategy that uses ad services to monetise content. With the promise to retain more creators, Spotify vows to deliver funds based on the true cut, which currently goes into the pockets of the music businesses. WATCH WION LIVE HERE:

Spotify loses roughly 75% of its value as the company's podcast strategy backfires

Are you being left out of office meetings that you were once a part of? Are you not being marked on mails that you would previously being looped into? Are you being left out of decision-making? Your boss might be quiet-firing you. Here are all the signs of quiet-firing.

Gravitas Plus: Is your manager quiet-firing you? Find out

Bitcoin has been acting volatile again.&nbsp;Its value seems to have been falling continuously over the weekend. It has dipped below $34,000 (£27,630), as per the Coinbase cryptocurrency exchange. &nbsp;

Since its peak in November last year, this cryptocurrency, which is actually the world's largest by market value, has nosedived and is down by 50%. &nbsp;

This comes as the stock markets around the world are facing a hard time and have been going down recently. &nbsp;

Also Read:&nbsp;<a href="https://www.wionews.com/technology/lawsuit-filed-against-tesla-ceo-elon-musk-to-prevent-twitters-buyout-477098" hreflang="en">Lawsuit filed against Tesla CEO Elon Musk to prevent Twitter's buyout</a>

Some Asian markets may witness downward trend again on Monday as Japan's benchmark Nikkei index is down by around 2%.&nbsp;

With a value of $636bn, Bitcoin seems to account for around a third of the whole cryptocurrency market. &nbsp;

The second biggest cryptocurrency in the world, Ethereum, has also been in dire straits and has gone down by over 10% last week. &nbsp;

Watch:&nbsp;Zimbabwe suspends bank lending in bid to arrest currency decline

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This downside in the value of digital assets has become a huge reason to worry for investors. So, it is a time to tread cautiously. &nbsp;

In earlier years of the cryptocurrency market, the volatile trading was not unusual in digital assets.&nbsp; &nbsp;&nbsp;

For most of the 2022, it had been relatively quiet though. &nbsp;

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(With inputs from agencies)&nbsp;

Bitcoin has been acting volatile again. Its value seems to have been falling continuously over the weekend. It has dipped below $34,000 (£27,630), as per the Coinbase cryptocurrency exchange.

Bitcoin has been acting volatile again. Its value seems to have been falling continuously over the weekend. It has dipped below $34,000 (£27,630), as per the Coinbase cryptocurrency exchange. Since its peak in November last year, this cryptocurrency, which is actually the world's largest by market value, has nosedived and is down by 50%. This comes as the stock markets around the world are facing a hard time and have been going down recently. Also Read: Lawsuit filed against Tesla CEO Elon Musk to prevent Twitter's buyout Some Asian markets may witness downward trend again on Monday as Japan's benchmark Nikkei index is down by around 2%. With a value of $636bn, Bitcoin seems to account for around a third of the whole cryptocurrency market. The second biggest cryptocurrency in the world, Ethereum, has also been in dire straits and has gone down by over 10% last week. Watch: Zimbabwe suspends bank lending in bid to arrest currency decline × This downside in the value of digital assets has become a huge reason to worry for investors. So, it is a time to tread cautiously. In earlier years of the cryptocurrency market, the volatile trading was not unusual in digital assets. For most of the 2022, it had been relatively quiet though. WATCH WION LIVE HERE (With inputs from agencies)

Is Bitcoin too volatile again? Value falls over 50% since last peak

Bitcoin tumbles below $40,000 mark on Monday falling to its lowest level for the first time in over three months. However, after the dip, it recovered some ground and rose to $41,198.&nbsp;

Speaking about the dropped value, Naeem Aslam, chief market analyst at Avatrade said, "The main culprit behind the slump in crypto prices is the Fed's decision to withdraw massive liquidity, which has been pumped into markets since the onset of the coronavirus pandemic."

<a href="https://www.wionews.com/world/russia-ukraine-conflict-nato-chief-warns-moscow-of-severe-costs-if-kiev-attacked-443693">Also read |&nbsp;Russia-Ukraine conflict: NATO chief warns Moscow of 'severe costs' if Kiev attacked</a>

Earlier in May last year, Bitcoin had hit a similar low as its value dropped below $40,000. This happened after China banned financial and payment institutions from providing cryptocurrency services.

Bloomberg Intelligence’s Mike McGlone claimed that $40,000 is an important technical support level. He further predicted that bitcoin will eventually experience a surge in its value as the world is becoming digital and the coin becomes the benchmark collateral.

Despite bitcoin's volatility and limitations as a means of payment, it is seen as a store of value to rivals. Also, it is expected to one day surpass gold as a haven investment in the face of high inflation for example.&nbsp;

(With inputs from agencies)

Bitcoin tumbles below $40,000 mark on Monday falling to its lowest level for the first time in over three months. However, after the dip, it recovered some ground and rose to $41,198.

Bitcoin tumbles below $40,000 mark on Monday falling to its lowest level for the first time in over three months. However, after the dip, it recovered some ground and rose to $41,198. Speaking about the dropped value, Naeem Aslam, chief market analyst at Avatrade said, "The main culprit behind the slump in crypto prices is the Fed's decision to withdraw massive liquidity, which has been pumped into markets since the onset of the coronavirus pandemic." Also read | Russia-Ukraine conflict: NATO chief warns Moscow of 'severe costs' if Kiev attacked Earlier in May last year, Bitcoin had hit a similar low as its value dropped below $40,000. This happened after China banned financial and payment institutions from providing cryptocurrency services. Bloomberg Intelligence’s Mike McGlone claimed that $40,000 is an important technical support level. He further predicted that bitcoin will eventually experience a surge in its value as the world is becoming digital and the coin becomes the benchmark collateral. Despite bitcoin's volatility and limitations as a means of payment, it is seen as a store of value to rivals. Also, it is expected to one day surpass gold as a haven investment in the face of high inflation for example. (With inputs from agencies)

For the first time in three months, Bitcoin tumbles below $40,000

Stressing on the need for currency stability, Japanese Finance Minister Shunichi Suzuki said that he was watching market moves "carefully."&nbsp;

This comes at a time when the Japanese currency Yen has been drastically declining against the dollar. Speaking to reporters, he said, "I won't comment on the currency market itself, but stability is important above all. From that standpoint, we'll closely watch currency market moves and their impact on the Japanese economy."

It is feared that the decreasing value of the yen may push up import prices and households' cost of living at a time when the economy is already fighting against the ongoing pandemic.&nbsp;

<a href="https://www.wionews.com/world/global-food-prices-rose-sharply-during-2021-hitting-a-10-year-high-un-442881">Also read |&nbsp;Global food prices rose ‘sharply’ during 2021, hitting a 10-year high: UN</a>

However, there are a few Japanese policymakers who have favour a weak yen as it provides exporters with a competitive advantage.

As per BOJ governor, Haruhiko Kuroda, the boost to export volume from a weak yen may have declined when compared to the past. This is because more Japanese companies have shifted their production abroad.

Kuroda also highlighted that the hit to households may have increased due to Japan's dependency on imports of raw materials.

This could also politically affect Prime Minister Fumio Kishida as wholesale inflation is already hitting a record high. As per JP Morgan analysts, the yen's real effective rate has gone down to its lowest level in 50 years.

"In a way, a weak yen reflects Japan's fundamentals," one ministry said on condition of anonymity. However, it further added that Tokyo was ready to step in if yen declines become too sharp.

(With inputs from agencies)

Stressing on the need for currency stability, Japanese Finance Minister Shunichi Suzuki said that he was watching market moves "carefully." This comes at a time when the Japanese currency Yen has been drastically declining against the dollar.

Stressing on the need for currency stability, Japanese Finance Minister Shunichi Suzuki said that he was watching market moves "carefully." This comes at a time when the Japanese currency Yen has been drastically declining against the dollar. Speaking to reporters, he said, "I won't comment on the currency market itself, but stability is important above all. From that standpoint, we'll closely watch currency market moves and their impact on the Japanese economy." It is feared that the decreasing value of the yen may push up import prices and households' cost of living at a time when the economy is already fighting against the ongoing pandemic. Also read | Global food prices rose ‘sharply’ during 2021, hitting a 10-year high: UN However, there are a few Japanese policymakers who have favour a weak yen as it provides exporters with a competitive advantage. As per BOJ governor, Haruhiko Kuroda, the boost to export volume from a weak yen may have declined when compared to the past. This is because more Japanese companies have shifted their production abroad. Kuroda also highlighted that the hit to households may have increased due to Japan's dependency on imports of raw materials. This could also politically affect Prime Minister Fumio Kishida as wholesale inflation is already hitting a record high. As per JP Morgan analysts, the yen's real effective rate has gone down to its lowest level in 50 years. "In a way, a weak yen reflects Japan's fundamentals," one ministry said on condition of anonymity. However, it further added that Tokyo was ready to step in if yen declines become too sharp. (With inputs from agencies)

Japan highlights need for currency stability as value of yen decreases

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