cost

We are attending at the beginning of an era dangerous in commercial aviation. One in which if you go to a funeral the ticket will cost you more

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In the United States they are already called “surveillance -based prices” (Surveillance Pricing), and they consist in a simple and scary principle: that companies that sell products and services do it in a personalized way with AI algorithms that will analyze all the information they have about you. Delta, what are you doing. In Delta Air Lines they raised to do that, but the idea He ended up knowing each other and being very criticized. So much that several American senators published an open letter demanding the CEO of the airline to explain those plans. In Delta they intended to eliminate static prices to replace them with dynamic prices that were adjusted to what each client theoretically was willing to pay. How are these personalized prices calculated? Companies such as Fetcher – who collaborates with Delta or Virgin Atlantic – have been working on these systems since 2019. They have deep learning experts (Deep Learning) and have one “Large Market Model“, an AI model that is capable of generating those custom prices based on the information of each user. Spying on to meet you better. In fact his CEO, Roy Cohen, explained That this model is trained “with all the data we can collect”, and on the company’s website they affirm that this type of systems could increase the benefits of airlines by 4.4 billion dollars annually. To collect this data, surveillance -based price systems use all types of third -party channels such as the purchasing history of a passenger, its navigation history, its geolocation, its activity in social networks, its biometric data or its financial statement. If you leave funeral, we upload the price. The former member of the FTC Lina Khan Council He already explained that this type of custom pricing systems could raise disturbing cases. A conceivable example would be that of an airline that uses artificial intelligence to collect a higher rate to a passenger “because the company knows that it has just suffered a death in the family and needs to fly to the other side of the country.” The intention was to abandon static prices. In July the president of Delta, Glen Hauenstein, declared which hoped that at the end of the year 20% of the price of its tickets will be determined individually by these AI systems. At that time that percentage was 3%, the triple that in autumn of 2024, but is that the objective was to completely abandon the current price setting systems to make the jump to these personalized and calculated prices based on what is known about each passenger. The pain threshold. The system would also put to the limit the so -called “pain threshold” of each client, establishing that maximum amount that the data suggests that these passengers want to pay. If you are in a hurry – as in the hypothetical situation of having to go to a funeral – the price would increase, while in a routine trip the price would be comparatively lower. Consumer surplus. There is a theoretical principle that explains very well the intentions of companies such as Delta Air Lines. Is called consumer surplusand it is the difference between what a client is willing to pay and what he really pays. Companies seek to capture that surplus, and AI allows you to do it almost perfectly. That, of course, entails a risk: if customers pay the maximum for what they buy, they will have less income for other expenses. Here it will be more difficult for them to do it. In Europe carrying out this type of plans seems difficult: the General Data Protection Regulation (RGPD) prohibits automated decisions based on personal data and that have meaningful effects on the user unless it gives their explicit consent. Like dynamic, but supervitaminated prices. It really is of all known that there are many companies that make use of the so -called dynamic prices that try to adjust supply and demand. Airlines have always used them —The price varies according to the day and time of the week or the number of days before the flight – but they are also well known in VTC companies such as Uber or Cabify. Said systems, of coursethey have unleashed more than one controversyand there were suspicions that Uber even raised the price if you reserved a trip When you had little battery. However, these systems do not have that massive data collection section and user profiles that raise prices based on surveillance. Image | Simon Ray In Xataka | There are people getting free flights and money at the expense of airlines. Your superpower: be very patient

The irrational fear of changing jobs has a name and influences your decision making: sunk cost fallacy

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Often people They cling to jobs that they no longer satisfy them – or that, directly, They do not support-, but they resist leaving it moved by the fear of losing everything they have invested to get to where they are: time, effort or training. Although it may seem strange, this behavior responds to a psychological bias called sunk cost fallacy. This bias can delay decision making to leave a job and perpetuate itself in an unfavorable work situation that can even affect mental health .. What is the sunk cost fallacy? Psychologists Amos Tversky and Daniel Kahneman of the Hebrew University of Jerusalem coined for the first time In 1972 the idea of ​​cognitive bias psychologists such as Daniel KahnemanNobel Prize in 2002, were based on the work of Tversky and Kahneman To demonstrate The profound influence of this bias on business and personal decision making, being relatively easy to be trapped in that immobility situation. Richard Thaler presented for the first time The practical concept of the fallacy of the sunk cost, concluding that people have a greater tendency to use a certain good or service when they have previously invested money in them. According Research From the University of Ohio (USA), the fallacy of the sunk cost refers to the trend that people have to continue an activity or remain in a certain situation because resources have already been invested in it, although these resources are unrecoverable and the logical decision would be to abandon it. In labor decision making, falling into the fallacy of the sunk cost – or of unrecoverable cost – implies postponing indefinitely the decision to change jobs Just because we do not want to “lose” what has cost us to reach the current position. The bias in important decisions This thought error causes people to stagnate in jobs that do not motivate them and are even restricting their professional potential, even when there are evidence of other more beneficial and rational options. The bias is based on a determining psychological factor such as loss aversion. For example, the personal feeling of responsibility for the resources already invested, or the fear to seem like a “wasteful” to others, can make someone stay years in a job that no longer provides satisfaction or professional growth. In Psychological researchit has been proven that the change of work is postponed, although the alternative is clearly better. This paralysis is produced by this aversion to the psychological loss that supposes that all the effort made in the past has fallen into a broken bag. Trapped in their own trap A study carried out by the researchers at the University of Kansas with more than 1,000 participants showed that, who fall into this fallacy, have greater symptoms of anxiety and postpone the search for professional help. Recent research From the Department of Psychology and Economics of the University of California in San Diego, they reflect that “the fact that you have dedicated unrecoverable resources to a project does not mean that you have to sink with the ship,” said their authors. The scientific evidence It reveals that, to avoid making irrational decisions, it is essential to identify this cognitive bias and learn to make decisions based on objective data and future possibilities, not in what has cost you to reach the point where you are. Recognizing the fallacy of the sunk cost is the first step to overcome it In labor decisions. If this awareness does not occur, there is a risk of continuing to invest resources, even more intensely, falling into a vicious circle that will be increasingly complicated to leave. Such and as they highlight From Asana, it is important not to get carried away by immobility and make decisions based on objective data and take an external perspective, not get carried away by fears and investments of the past. In Xataka | We thought to choose among more options would make us freer. The “choice paradox” says no Image | Unspash (Marco Kaufmann)

With only two electric cars, Xiaomi is getting out of the “Valley of Death.” Others cost more than a decade

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The Xiaomi Su7 has surprised the entire industry And he has led the company to do such rare things as telling its customers in a hurry that buy cars from competition. The play hides a strategy, but it is a great example of how good it goes to the company with its second car and bets on luxury, The Yu7. While they hope to make the leap to Europe in 2027, he has achieved kneel. Lost 800 million In his first year he sold cars. Great news that already pointed to what was coming later: the Break Even When losing $ 500 per car sold is good news. Xiaomi has presented the Financial Results of the Second Fiscal Quarterwith great news for your car section. The Auto Division has commercialized 81,302 vehicles in the period and lost 41 million dollars. It is a loss of $ 507 for each car sold. It is very good news for the speed at which the company is approaching profitability. The photo. In the last quarters, Xiaomi comes from losing, on average, 1,376, 905 and 507 dollars respectively, after coming from losses of 5,250 in the third quarter of 2024. That is, it now loses a tenth of what I lost until November. And it is not the only positive figure that the results bring along with sales growth: the gross margin has grown from 15.4% of the second quarter of 2024 to 26.4% of this year. This contributes to having launched the Su7 ultrawhose launch has helped the average sale price up 10% in one year. With him they wanted to eat Porsche in his field, And they got it. According to its financial results, Xiaomi is very close to starting to earn money with its car section. Why it is important. Tesla is the only pure manufacturers of electric cars that He has managed to get out of the “Death Valley” the initial period in which Startups They burn money to espuertas without hardly generating money. Brands such as Rivian, Lucid, or Ford (in their electric division) have accumulated losses exceeding 22,200, 11,000 and 10,500 million dollars respectively. That Xiaomi only loses 41 million dollars per quarter with such competitive prices speaks of the balance that has its commitment just over a year after having launched. How are they getting it. Not all companies have The support that Xiaomi has had In his car crossing. In this sense, according to Bill Russo, CEO and founder of Automobility, a determining factor of Xiaomi’s success has to do with its production agility, which has benefited widely from producing with Beijing Auto, a state company that already had a huge production scale before the arrival of Xiaomi. The company was able to access a production chain already components of high quality already available in the market thanks to investments made by the matrix and its founder for years in companies such as companies such as Momenta. Another of the keys, according to John Helveston, a professor specialized in the Chinese electric vehicles industry: it is an achievement to manufacture an electric in such a short time, but attention must be paid to evolution. “The car industry is hard and success is measured in years of resistance, not in the speed of the first launch,” he told us. Xiaomi has passed in a year of being present in 30 cities with 87 stores to be in 92 with 335 stores. Image: Xiaomi. Xiaomi had a long way carved. Yes, even being new in the electric car sector. On the one hand, although you can buy online cars, by its already extensive distribution network In China: 335 sales centers in 92 cities, and growing at a dizzying pace. It is no longer the company we met for selling extremely cheap technology. Although it maintains a part of that bet, in recent years too He has focused on the premium with the support of luxury brands such as Leica. It is much more path of of some brands when arriving in Spain. The challenge. Among such good news, Xiaomi faces a problem: long waiting times and limited calendar. This explains that in China, the Su7 be the king of resalecosting more than new and with up to 10 months of waiting. To a limited production they also faced for years fAbricante as Teslaand Xiaomi has the best example of how to grow. In 2024 he achieved sell 4 million vehicles (In front of the 350,000 that Xiaomi hopes to sell this year). Xiaomi has a plan factor growth for his future cars and be able to face international expansion. It will be a crucial moment, for example companies like Novo Nordisk knows well: the problems for Ozempic in the United States began When they could not deal with demand. Cover image | Xiaomi In Xataka | Intel is closer than ever to be chopped. A giant is interested in buying its chips factories

Connecting to unknown networks can be risky for your personal data. Protecting you don’t cost even 2 euros per month

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It is a reality: cyber attacks have become increasingly common. There is a lot of undesirable loose looking to get sensitive information, whether large companies or a user like us. If we work from home or we usually connect with our network we have a safety layer, but what if we use ourselves A network on which we don’t have any control? The good news is that there are several ways to protect our Internet traffic, wherever we are. The simplest, useful and effective way to do so is to use a VPN, and if we can afford it, better bet on one of payment. In fact, There are very cheap: Surfshark’s barely costs 1.99 euros a month. Protect your traffic and IP with a good VPN As we say, it exists A good variety of free VPNperfect if we need to use something at a timely moment. The problem they have is that, in addition to being little safe, They work limitedly in terms of traffic or speed volume. For this reason, the ideal is to bet on a payment like this Surfshark, which also has a great price. One of the advantages that this has is that We can install it in an unlimited number of devicesideal to take it in the laptop, on the mobile or on the tablet (or everywhere at the same time). With this, we can protect our Internet traffic, thus gaining a greater dose of privacy. Moreover, it also helps us hide our IP, information that is better to keep away from undesirable. Surfshark VPN is included in its Starter Plan, which also comes with another tool called ALTERNATIVE ID. With it, we can create a series of fictitious data to use them on web pages where we do not want to enter our real information. That way, we keep our personal data at a good collection. As we have commented before, for 1.99 euros A month we have a quality VPN. That means that its two -year plan comes out for a total price of 47.76 euros, a fairly affordable price to have this tool with us for a long season. There does not end the thing, because we will also receive three extra monthsin such a way that we will have surfshark for 27 months instead of 24. You may also interest you NORDVPN – Basic Plan (Monthly) * Some price may have changed from the last review Some of the links of this article are affiliated and can report a benefit to Xataka. In case of non -availability, offers may vary. Images | Chase Chappell in Unspash In Xataka | In Xataka |

But the houses are real and cost millions of dollars

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Jeff Bezos, founder of Amazon and one of the richest people in the world, has expanded his empire Beyond online trade and the subspacial missionsto get a luxurious real estate heritage. The millionaire has acquired exclusive properties in some of the most exclusive areas of the United States, which include from luxurious Tríplex mansions and penthouses in Manhattan, to gigantic ranches in Texas and historical properties in Beverly Hills. An empire of strategic mansions and land Bezos’s richness has allowed him to consolidate a real estate portfolio that includes mansions and large extensions of land. Among its best known properties, what was your main residence in Seatle, located in Medina. Very close to the famous Xanadu 2.0 by Bill Gates. Bezos acquired this property in 1998 for 10 million dollars and expanded it considerably with renovations that exceeded 26 million dollars. This property of almost 21,400 m2, has two houses of 1,914 m2 and 771 m2 respectively. That same year he bought for 49 million dollars the La Haye estate, of 2,229 m2, which bordered his house, expanding in two hectares his property on the banks of Lake Washington. According The published by Business Insiderin total, the millionaire treasures up to eight properties in that area. In addition, the founder of Amazon also has several mansions in the exclusive Beverly Hills. Of all of them highlights the historical Jack Warner Estate Mansion For 165 million dollars in 2020, one of the most expensive purchases made by Bezos according to The Wall Street Journal. It also has four other houses in a private complex that include comforts such as tennis court, golf courses and gardens. Always pending the movements of Wall Street, New York remains a strategic enclave for Bezos, so the millionaire It was good to buy Five Apartments 212 Fifth Avenue, adding a total investment of about 119 million dollars. One of those floors is a tríplex attic for which the millionaire paid 80 million dollars. The expansion to the south: Indian Creek, the shelter of the millionaires In 2023, Bezos announced that He moved to Miami To be closer to the Blue Origin operations base (and incidentally saved some hundreds of millions of dollars in taxes). There he would set his main residence in Indian Creek, also known as Billionaire Bunker for his exclusivity and security. Houses by Jeff Bezos in Billionaire Bunker The founder of Amazon has acquired three properties On this small island of 1.2 million square meters where there are only 41 homes. Its investments in this area total more than 300 million dollars. Two of these mansions are contiguous, so the millionaire has repeated the same play as in Seattle and has demolished both mansions to unite them in a single property. According to published The worldwhile the millionaire built his new residence, moved to a mansion in Miami that bought the daughter of the Spanish businessman Publio Cordón for $ 78 million. The taste for the islands of Jeff Bezos is not limited to Miami. According The published by ABCthe millionaire bought in 2021 a 5.7 -hectare estate on the island of Maui, for which he paid about 78 million dollars. A ranch with astronomical dimensions for Blue Origin Texas is another of the key pieces in the real estate framework of Jeff Bezos. To the south of the state is the Rancho Figure 2, a huge ranch of 66,773 hectares, which not only represents a huge investment in land, but fulfills a strategic function as a test laboratory For Blue Origin. In addition, at some point between 2003 and 2024, Jeff Bezos has accumulated more than 161,875 hectares of rustic land, which makes the founder of Amazon Vigoercero major landownerof the US according to the list that every year elaborates Land Report. Something that, again, the millionaire coincides with Bill Gateswhich occupies the 43rd position of that list. In Xataka | Jeff Bezos is making a mansion in Billionires Bunker: the problem is that they don’t know what to do with their excrements Image | Flickr (IAFASTRO)

Telefónica wants total exclusivity at the cost of leaving Dazn without him

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Telefónica wants Bet everything for football. And after having lost the rights of retransmission of the ACBthe NBA and the NFL, the company wants to radically change its sports strategy. The operator now intends to get all the rights of LaLiga and the Champions League, something that would break her Dazn dependence and also stop the bleeding of her premium subscribers. A change of course. According to account The Middle El Confidencial, Javier de Paz, president of Movistar, has already transferred to Javier Tebas his intention to bid alone for the next three seasons of LaLiga from the 2026-2027. The same strategy wants to apply with the Champions League, whose rights expire a year earlier. The movement involves a 180 degree turn with respect to the previous awards, where Telefónica and Dazn distributed the meetings. In fact, Telefónica considered as a success This cast, since the firm was saved about 420 million euros per year. Why is now urgent. Movistar numbers are in red numbers. According to affirms The medium, the platform has gone from four million subscribers to 3.6 million at the end of June. Worse: 600,000 of those clients belong to Low cost OTT Movistar Plus+ that launched in 2024 for just 9.90 euros per month, which drastically reduces the income per user. In this way, the operator would have lost its most profitable customers, those who paid more than 100 euros for having access to all matches or a good number of sports channels. Loss of rights. The company has also lost iconic competitions, which has ignited all alarms. The ACB, after ten years exclusively, has left Dazn and TVE after Movistar refused to pay the 20 million requested and offered only 12. The NBA has flown to prime videokeeping only some games and part of the playoffs. And the NFL, which included the exclusive of the Super Bowl, has also abandoned the platform. A Survival Strategy. Given this situation, Movistar has launched desperate measures to keep its users: Punctual offers of 4.99 euros for three months, All LaLiga Hypermotion and the acquisition of Latin American competitions such as the Argentine Professional League and the Brasileira Betano. However, these new additions hardly compensate for recent losses. Obstacles on the road. As Point out The medium, Javier Tebas has responded that LaLiga must guarantee maximum transparency and open the auction to the largest number of interested parties, in order to raise the sale price. This would also come as a ring to the finger after the pressure of Real Madrid, where Florentino Pérez already has filed several complaints against LaLiga’s award model. The tender will begin in September, and Dazn, backed by Len Blavatnik’s financial musclehe will not stay with crossed ones. Cover image | Movistar Plus+ and Dazn In Xataka | Where to see LaLiga EA Sports 25/26, the First Division in this next season

This Samsung Galaxy now does not cost 150 euros

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Beyond the Samsung Galaxy S (24 and 25) or Galaxy Z (Flip or Fold), the brand has other mobiles in its catalog that have managed to stand out in the entrance range and that stand out precisely for its price, but also for some features. He Samsung Galaxy A16 4Gfor example, now he is offer in Amazon by 144 euros And it is ideal if you are looking for a very cheap mobile, but also that it is not obsolete at the first change. Samsung Galaxy A16 4G (128 GB) * Some price may have changed from the last review A mobile with four years warranty and five software updates He Samsung Galaxy A16 4G It is an entrance range mobile that, after maintaining a price of 169 euros for weeks, has finally received a better offer with which it remains at a minimum historical price. It’s a 6.7 -inch. which offers a Full HD+ resolution (1,080 x 2,340 pixels) and a 90 Hz soda rate. The interesting thing we find that, as mentioned by the Amazon store itself, this mobile has Four years warranty (three by the manufacturer and an additional expanded guarantee). In addition, in a similar way to what we see in the mobiles of the high -end of Samsung, the Galaxy A16 4G will receive Software updates for five more years (six from its launch last year), until 2030. On the other hand, this mobile comes with 128 GB, but has the peculiarity that includes a MicroSD card slot up to 1.5 TB. It also comes with a 25W fast charge battery, it has IP54 certification With dust and water resistance and its main chamber is 50 MP. You may also interest you Samsung Evo Select (2024) MicroSD card + SD adapter, 512 GB, smartphone and tablet memory card, UHS-i U3, 4K UHD, Full HD, Reading 160 MB/S, MB-MB-ME512SA/EU * Some price may have changed from the last review Samsung Galaxy Buds Fe + Loader – Wireless headphones, Cancellation Active Noise, Comfortable Adjustment, 3 Microphones, Tactile Control, Bajo Serious, Gray (Spanish version) * Some price may have changed from the last review Some of the links of this article are affiliated and can report a benefit to Xataka. In case of non -availability, offers may vary. Image | Dan Tuykavin in UnspashSamsung In Xataka | The best mobiles (2025), we have tried them and here are their analysis In Xataka | Best Samsung mobiles: which buy and recommended models based on budget, tastes and quality price

His model is not only powerful and free, but it has cost much less

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Openai yesterday launched its first models with open weights since 2019: GPT-Oss-120B and GPT-Oss-20B. Two reasoning systems that mark a radical change in the company’s strategy after Deepseek R1’s success At the beginning of the year. Why is it important. Openai has gone from defending the safety of closed models to recognize that “it was on the wrong side of history” with open models. The earthquake that caused Deepseek In January he forced them to rethink their entire strategy. The context. Until now, Openai had kept all its models closed since GPT-2justifying it for security reasons. But rivals as a goal with Calls And especially Chinese companies with Depseek, Qwen and Kimi They have gained ground in the open ecosystem. The turning point came when Depseek R1 showed that it was possible to create advanced reasoning models with a fraction of the cost of Americans. Sam Altman then admitted that Openai needed “finding a different open source strategy.” And here it is. In figures: The major model, GPT-Oss-120bworks at a single 80 GB GPU with just 5,100 million active parameters of its 117,000 million total. His little brother, GPT-Oss-20bit can be executed in a laptop with 16 GB of memory (although the speed seems to be very slow with such a configuration, in the absence that we can try it more thoroughly). The current situation. The Benchmarks independent They place GPT-Oss-120b with a score of 58 in the intelligence indexsurpassing O3-mini but being below O3 and O4-mini. In competitive programming tasks it reaches 2622 points in Codeforces, while Depseek R1 achieves less score with a much heavier model. In detail. Architecture uses a system of Mix of experts (Moe, Mixture of experts) that activates only a fraction of the total parameters for each consultation. This allows the 120,000 million model of parameters to activate only 4.4% in each consultation, while the 20,000 million activates 17.2%. Both models maintain chain reasoning ability without direct supervision, following the principle that visible reasoning is necessary to detect undue behaviors. Yes, but. OpenAI has not made public training data, maintaining part of the secret. Nor does it include multimodal capabilities, limited only to text. Hallucinations are significantly higher than in their own models: 49% and 53% respectively compared to 16% of O1. Between the lines. This launch responds to both Chinese competitive pressure and the new Trump administration, which has urged US companies to release more technology to “promote the global adoption of aligned with American values.” The company has worked with partners such as Orange, Snowflake and AI Sweden for real use cases, seeking to validate whether the advantages justify continuing to invest in open models. Deepen. The models are available under Apache 2.0 license on platforms such as Hugging Facewith native support in tools such as Ollama, LM Studio and Services Cloud of the main suppliers. Openai has organized a network Teaming Challenge with $ 500,000 in prizes to identify security risks. This is OpenAi’s response to his Deepseek moment: recognizing that open innovation is not only inevitable, but necessary to stay competitive in a panorama where cost and accessibility matter as much as performance. In Xataka | The GPT-5 paradox: OpenAi needs the greatest jump in the history of AI just when it seems most impossible Outstanding image | Solen FeyissabDima Solomin

They exist, offers them lunagets in Spain and allow to divide the cost

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A private flight from Madrid to Mallorca for seven people for 3,000 euros. From Andalusia to the capital for four friends for about 2,000 euros. These figures would be exorbitant if we think of commercial flights. But if we take into account that we talk about private jets and at the time/day of preference of the client, the thing changes. Lunagets, the Swiss executive aviation broker that arrived in Spain two years ago, has brought the experience of flying in private jet without ruined. The business behind luxury. The key is in the model: lunajets does not have airplanes, but connects aircraft owners With passengers. They have access to 4,800 aircraft of 350 operators worldwide, from small four -seater jets to Boeing Business Jet. Its specialty is the “empty flights”, planes that move without passengers to reposition themselves, and that can offer discounts of up to 75%. With 17 years of experience and billing of 200 million euros, they have converted private aviation into a more accessible customer service. Closer to what it seems. Carlos Matallana, director of Lunajets Spain since 2023, was blunt in Your interview For the country: “You don’t have to be onassis to fly privately.” The problem, according to him, is knowledge and culture. Spain has less tradition in executive aviation than neighboring countries, partly due to social prejudices and ignorance. “There is an incredible amount of accommodated middle class people who can occasionally allow these flights and do not know it,” he says in Another interview For the world. His team responds in maximum 10 minutes and has three hours to find the perfect solution, whether Kilimanjaro is flying over at sunset or transporting a pet in cabin. Reality after glamor. “Hollywood has done a lot of damage,” Matallana admits. 99% of flights are “absolutely disappointing” compared to films. For Matallana, true value is not in luxury, but in efficiency: avoid safety tails, control schedules, travel comfortably. Matallana account That the client profile has “informal” a lot in the last decade, moving away from the stereotype of the powerful banker. The numbers in Spain. The Spanish market is yet to explode. Lunagets manages about 220 annual flights Here, in front of the more than 15,000 of the global group. The margins are adjusted, between 4% and 5% in Europe, but the volume compensates. The company aspires to double its Spanish turnover this year, taking advantage of the fact that more and more people discover that flying in private does not require an account in Switzerland. And the environmental controversy. Critics for CO2 emissions They do not go unnoticed. It is not for less, since we are talking about flying a plane without practically passengers. France has uploaded taxes To discourage these flights. Matallana recognizes responsibility: “We emit less than people think, but that does not exempt us from having to reduce what we emit to the minimum.” And it is that while the industry seeks more sustainable alternatives lunasts is firm in what gives value to the service it proposes: save time. Cover image | Lunagets In Xataka | Amancio Ortega: the billionaire who lives as one more neighbor (except for private jets and superyates)

It is sold for the same thing that cost to create it

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Naver, the company that owns the Messenger Line APP, has bought 100% wallapop for 600 million euros. It is the same amount that investors have contributed during their twelve years of history. Why is it important. This operation reveals a unique paradox in the Spanish ecosystem: a startup is sold at the best operational moment in its history but in its worst market assessment in a long time. And return exactly the money invested without generating added return for its financial founders. The facts. The Shareholders Board approved last Friday the sale to the South Korean multinational Naverfor 600 million euros. The figure is a 206 million discount compared to the February 2024 assessment, when It was tasted at 806 million. During his twelve years of life, Wallapop had raised approximately 600 million in seven rounds of financing. The startup is literally sold, so it cost to build. The panoramic. Wallapop was going through his best moment from the business perspective: Income of 90 million in 2023, a 25%growth. Reduced losses to 30 million, compared to 50 million 2022. 19 million active users. Consolidated presence in Spain, Italy and Portugal. However, the market context has played against him. The inflated assessments of 2023-2024 have been corrected abruptly, and Wallapop has not been an exception. Between bambalins. Naver, who already controlled 30% of the capital since 2021, has taken advantage of its internal shareholder position to force a purchase at the opportunity price. The South Korean multinational used the clauses of Drag Along to drag even dissident partners. The US Fund 14W, with 18% of the capital, He opposed the operation frontally. Your leader, Alex Zubillagacame to threaten legal actions and presented a 450 million counterofferte in March. The irony: protested by an assessment 150 million higher than yours. In figures. The numbers of this operation are a reflection of the complexity of the moment: 600 million: Sale and total capital price historically. 206 million: Discount regarding the last round. 1.5x: Approximate return for the most veteran funds such as Accel and Insight. 0x: added return for the set of investors. Yes, but. He Ico, who entered the last round With 20 million (3% of the capital), it will not lose money. He negotiated a preferential liquidation clause that guarantees the full return of his investment, a armor that other funds do not have. Turning point. The operation marks a before and after in the Spanish ecosystem. It shows that reaching valuations that touch the unicorn does not guarantee returns for investors, especially when the Timing At the entrance it is not the luckiest. Naver takes one of the most promising Spanish startups just when she began to demonstrate her real potential. For investors, twelve years of patience are caught with a technical draw: they recover the invested, but without the expected profitability in a high -risk bet. Deepen. The Startup, founded in 2013 by Agustín Gómez, Miguel Vicente and Gerard Olivé, now becomes part of the Naver Technological Empire, which includes the leading search engine in South Korea and the aforementioned Line Messenger application. Rob Cassedy continues as CEO with a template of 300 employees. In Xataka | I am a seller with five stars in Wallapop. Thus surviving in this second -hand jungle Outstanding image |

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