The Argo Blockchain share price has fallen: should I buy or sell?

first_img It had to happen eventually. After climbing 1,200% in one month to a record high of 145p, the Argo Blockchain (LSE: ARB) share price has fallen. As I write, the Bitcoin miner’s stock is trading at around 101p, down by around 30% from its 7 January high.Is ARB just pausing for breath, or has the firm’s rocketing share price already peaked? That’s what I need to know before deciding whether to buy shares in this business, whose revenues quadrupled during the first half of 2020.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…ARB share price vs BitcoinOne thing I’m sure of is that Argo’s progress will continue to be closely linked to the Bitcoin price. Bitcoin peaked at almost $42,000 last Saturday. Since then, it’s fallen by more than 15% to under $35,000.Argo Blockchain’s share price movement reflects this. The stock peaked on 7 January and fell sharply when markets reopened on Monday 11 January (unlike Bitcoin, shares don’t trade over weekends).This makes sense to me. Argo gets paid in Bitcoins for its mining activities. So the firm’s revenue growth is a multiple of the number of Bitcoins it mines, and the price of those coins.Here’s a problemAs I understand it, the difficulty of mining new Bitcoins increases as computing power is added to the network. As the Bitcoin price has risen, Argo Blockchain has been increasing its mining power. According to the latest update from the firm had 16,000 mining machines at the end of December. A further 4,500 new models are expected by February.I’d guess that with Bitcoin at record levels, other miners are adding capacity too. All of this suggests to me that Argo Blockchain’s costs will rise if Bitcoin keeps rising.If Bitcoin falls, mining costs might fall too. But Argo’s revenue (from selling new coins) would probably be lower too. I’d guess that lower revenue would cancel out some of the benefit of lower costs.Argo’s revenue during the first half of last year was £11.1m, up from £2.9m during the first half of 2019. But the group’s profits fell during the same period as it cranked up spending on new machines. Argo’s half-year net profit was just £0.5m, down from £1m during H1 2019.We don’t have figures for the second half of 2020 yet. But even if the company’s profits tripled during the second half of the year, that would still give an annual profit of just £2m. For a company with a market cap of over £300m, that seems mighty expensive to me.Argo Blockchain share price: what I’d doArgo has been a successful trade over the last six months. But at the current share price, I really don’t see this as a long-term investment. In my view, many years of successful growth are already priced-in to this stock.If Bitcoin keeps rising, I think this business might eventually grow into its valuation. But I think a more likely scenario is that the valuation has reached bubble levels and will deflate at some point.I don’t plan to buy any Argo Blockchain shares. Indeed, if I owned the stock today, I’d most likely sell. Roland Head | Wednesday, 13th January, 2021 | More on: ARB Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. See all posts by Roland Head I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Addresscenter_img Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Roland Head has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” The Argo Blockchain share price has fallen: should I buy or sell? Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge!last_img read more

FLASHBACK: That time the Lynx ‘Rules to Rugby’ caused a huge stir worldwide

first_imgFriday Oct 25, 2019 FLASHBACK: That time the Lynx ‘Rules to Rugby’ caused a huge stir worldwide Eight years ago this campaign from Lynx (Axe in some countries) deodorant came out, and it caused a huge stir across the globe. Social media wasn’t quite what it is now, back then, but even so, the videos spread fast and caught the attention of mainstream media everywhere.ADVERTISEMENTNaturally, we posted about it, and it proved popular with the predominantly male audience, but no doubt also offended some who didn’t quite approve.It was obviously a marketing success either way, and the added bonus is that it explained some basics of rugby to fans who may have not otherwise been interested.It also caught the attention of popular online channel The Young Turks, who put together a whole video about it and made the point that if someone is offended, they probably shouldn’t be as it’s a male product and clearly targeted specifically towards that group.That said, if released in the 2018/2019 PC climate, who knows how this would have gone down!ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 25 WEEKS AGO WATCH: Experts explain what actually happens… 26 WEEKS AGO WATCH: Leigh Halfpenny makes yet another… 26 WEEKS AGO Parisse alley-oop magic sets up brilliant… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingGranny Stuns Doctors by Removing Her Wrinkles with This Inexpensive TipSmart Life Reports30+ Everyday Items with a Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

World’s largest humanitarian award ($1 million) seeks nominations

first_imgWorld’s largest humanitarian award ($1 million) seeks nominations Howard Lake | 4 September 2002 | News Nomination papers are available now on the Hilton Foundation Website. Nominations must be received or postmarked by 1 November 2002. The Conrad N. Hilton Foundation is seeking nominations for its 2003 Hilton Humanitarian Prize.The Conrad N. Hilton Foundation is inviting nominations for the 2003 Conrad N. Hilton Humanitarian Prize. It is seeking an organisation that has made extraordinary contributions toward alleviating human suffering anywhere in the world.The $1 million prize, the world’s largest humanitarian award, is presented annually to an established non-profit, charitable or non-governmental organization. The prize is not a grant, based on future goals, but an award for recent and historic accomplishments. An independent international panel of jurors will make the final selection, and the award will be announced in the Autumn of 2003. Advertisement  11 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

Free statistical advice available for charities from government statisticians

first_img Howard Lake | 30 September 2015 | News Image: data analytics by Hilch on Shutterstock.com Free statistical advice available for charities from government statisticians AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 Tagged with: data insight pro bonocenter_img About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  44 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis1 The Government Statistical Service (GSS) is again partnering again with NCVO to offer its Voluntary Sector Placement Scheme. This matches voluntary sector organisations required statistical advice and support with government statisticians, who will provide up to five days of pro bono work.Last year the placement scheme benefited 40 voluntary sector organisations. NCVO has blogged about the benefits to two of them, the Foundation for Social Improvement and Healthwatch Central West London.Statisticians can help charities in a range of ways, such as assessing skills gaps, improving data gathering and presentation processes and techniques, designing and analysing surveys, advising on the storage and handling of large datasets, and helping interpret charities’ data more effectively.Charities receive the services of one or two analysts, with placements lasting from half a day up to five days.This kind of expert support can help charities decide where to direct their resources or where to focus their research.The Voluntary Sector Placement Scheme is open to all voluntary organisations. They do not have to be a member of NCVO in order to apply. Applications close on 23 October 2015.last_img read more

Football lacks depth headed into Saturday’s must-win game

first_imgColin Posthttps://www.tcu360.com/author/colin-post/ TCU baseball finds their biggest fan just by saying hello ReddIt Previous articleWhat we’re reading: Another e-mail scandal. And no, it’s not HillaryNext articleNo. 18 Men’s Basketball suffers first loss of season to Lipscomb, 73-64 Colin Post RELATED ARTICLESMORE FROM AUTHOR Taylor’s monster slam highlights big weekend for TCU Athletics printJalen Reagor celebrates a touchdown as he runs into the end zone. Photo by Cristian ArguetaSoto.It’s been five seasons since TCU Football has finished a season without being bowl eligible. In head coach Gary Patterson’s 20 years in Fort Worth, the team has missed a bowl just twice.That streak is on the line this Saturday as the 5-6 TCU Football team faces a surging Oklahoma State squad.The team will be without quarterback Michael Collins, who is out after suffering a right leg injury during the Frogs’ 16-9 win over Baylor last week.Grayson Muelhstein, a fifth-year senior and graduate student, will take the helm for the team on Saturday. Filling in for Collins last week, Muelhstein went 11-15 with 137 yards and a touchdown.“He has to be the guy where he has to be in the middle of it,” said Patterson. “It’s always different being the backup than it is being the guy.”Grayson Muehlstein will start at quarterback on Saturday for the first time in his five-year TCU career. Photo by Jack Wallace.Although this will be Muehlstein’s first start in his five years at TCU, linebacker Ty Summers says he has been working like he’s the starter for years.“The biggest thing that impresses me about him is his consistency despite the time that he hasn’t been in,” said Summers. “I knew if he had a chance, he would be able to help us.”Quarterback isn’t the only limited position on offense for TCU. Emari Demercado is the last running back on scholarship with Darius Anderson and Sewo Olonilua out with injuries, as well.Against Baylor, Demercado had career-bests in carries (15) and rushing yards (60).“I had to be ready for the situation because anything can happen at any time,” said Demercado. “It just felt good to go out there and produce and do what I do.”On offense, Muehlstein will need to rely on what weapons he has left, primarily wide receiver Jalen Reagor. With 60 receptions for 930 yards, Reagor has accounted for 29.8 percent of TCU’s receptions this season. He is also on a streak of six-straight games with a receiving touchdown.Along with the production of Reagor, it will take TCU’s best defensive effort of the year to stop a Cowboys squad that ranks ninth in the FBS with 520 yards per game and 14th with 39.7 points per game.“Offensively, they’re very explosive, like they always are,” said Patterson. “So, let’s get ready to play.”Running the show for the Cowboys’ electric offense is quarterback Taylor Cornelius. The fifth-year senior ranks fourth in the Big 12 with 3,461 passing yards on the season. He’s also coming off a week in which he became the third player in Big 12 history to have 300 yards passing, 100 yards rushing, and five passing touchdowns in a single game.“I think he’s a competitor,” said Patterson. “He’s stayed at OSU and been a guy you’d want to do anything for because he’s always been there for them.”Alongside Cornelius is Tylan Wallace, who is a semifinalist for the Biletnikoff Award, given annually to the nation’s best wide receiver. Wallace has been one of the most explosive receivers this season, ranking third in the FBS with 1,344 yards to go along with 11 touchdowns.TCU’s top-ranked defense in the Big 12 will need to continue to play well defensively to support their offense, which ranks 97th in the FBS. The Horned Frogs have allowed 204.5 passing yards per game this season.Despite five defensive players out with injury, the Horned Frogs must force Cornelius into quick decisions, relying on senior defensive ends LJ Collier and Ben Banogu to get this done. Collier led the FBS in quarterback pressures a week ago against Baylor, while Banogu had a career-high 10 tackles (four for a loss) and won Big 12 Defensive Player of the Week.Defensive end Ben Banogu had a career-high 10 tackles Saturday and was later awarded Big 12 defensive player of the week. Photo by Jack Wallace.Kickoff is scheduled for 7 p.m. on Saturday in Fort Worth. TCU rowing program strengthens after facing COVID-19 setbacks Twitter Colin Posthttps://www.tcu360.com/author/colin-post/ Colin Post + posts Linkedin Colin Post is a Sports Broadcasting and Journalism double-major from Houston, Texas. Along with sports writing, Colin hopes to work in sports announcing after he graduates. Colin Posthttps://www.tcu360.com/author/colin-post/ Despite series loss, TCU proved they belong against No. 8 Texas Tech Jalen Reagor celebrates a touchdown as he runs into the end zone. Photo by Cristian ArguetaSoto. First TCU spring game since 2018 gets fans primed for a highly-anticipated fall Linkedin Twitter Another series win lands TCU Baseball in the top 5, earns Sikes conference award Facebook Facebook ReddIt Another series win lands TCU Baseball in the top 5, earns Sikes conference award Colin Posthttps://www.tcu360.com/author/colin-post/last_img read more

Supreme Court Records State Of UP’s No Objection To Siddique Kappan Meeting Lawyer In Jail; Hearing Deferred To Next Week

first_imgTop StoriesSupreme Court Records State Of UP’s No Objection To Siddique Kappan Meeting Lawyer In Jail; Hearing Deferred To Next Week Sanya Talwar and Radhika Roy20 Nov 2020 12:24 AMShare This – xThe Supreme Court on Friday recorded the statement of the Solicitor General, who appeared for the State of Uttar Pradesh, that there was no objection to Kerala journalist Siddiqque Kappan meeting a lawyer while in jail to sign a vakalatnama.”There was no objection and there is no objection,” said the Law officer. SG Tushar Mehta denied the allegations of the petitioner that Kappan was…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Friday recorded the statement of the Solicitor General, who appeared for the State of Uttar Pradesh, that there was no objection to Kerala journalist Siddiqque Kappan meeting a lawyer while in jail to sign a vakalatnama.”There was no objection and there is no objection,” said the Law officer. SG Tushar Mehta denied the allegations of the petitioner that Kappan was denied access to a lawyer.The top court was hearing the habeas corpus petition filed by the Kerala Union of Working Journalist(KUWJ) against the custody of Kappan, who was arrested by the UP Police on October 5 while he was proceeding to report the Hathras crime.Senior Advocate Kapil Sibal submitted before a bench of Chief Justice SA Bobde, Justices AS Bopanna & V Ramasubramaniun that the accused was not being allowed to meet a lawyer.”We did go to the Magistrate and said please allow us to meet the accused so we can amend the petition. The magistrate told us to go to jail authorities who then sent us back to the magistrate,” said Sibal.Solicitor General Tushar Mehta who appeared for the State of Uttar Pradesh informed the court that the accused along with two others and their bail was heard for nine days. “They should approach the High Court,” said the law officer.CJI SA Bobde asked Sibal to have a look at the reply and listed the case next week.Sibal submitted that Kappan has not moved any other court and that the lower court was considering the bail applications of the co-accused.During the brief hearing on Friday, CJI SA Bobde also remarked that he was unhappy with the inaccurate reporting that the Court had refused relief in the case. “We are trying to discourage Article 32 petitions”, said Chief Justice of India SA Bobde on the last date, while adjourning to Friday, 20th of November, the habeas corpus plea filed for release of Kerala journalist, Siddique Kappan, who was arrested by the UP Police while he was proceeding to cover the Hathras case of alleged rape & murder of a 19-year-old Dalit woman.Kappan, a freelance journalist reporting for Malayalam portals, was arrested by the UP police on October 5 along with three others in an FIR registered for alleged criminal conspiracy to create societal unrest in the wake of Hathras incident. The stringent provisions of anti-terror legislation Unlawful Activities Prevention Act(UAPA) and sedition were invoked against Kappan and others. A local court in Mathura remanded them to custody.Following his arrest, the Kerala Union of Working Journalists(KUWJ) filed a habeas corpus petition in the Supreme Court challenging Kappan’s custody. The KUWJ argued that the arrest was illegal and unconstitutional.On October 12, a bench lead by the Chief Justice of India expressed disinclination to entertain the petition and suggested to Sibal(who was appearing for KUWJ) that the petitioner should approach the High Court.The bench then proceeded to list the matter after four weeks refusing to issue notice on the habeas plea to the State of Uttar Pradesh.Last week, the KUWJ filed an interim application in the habeas petition seeking permission for regular VC meetings of Kappan with his family members and lawyers after the Chief Judicial Magistrate, Mathura, refused such permission.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

Shots fired in Derry overnight

first_img Twitter Twitter Pinterest Homepage BannerNews Shots fired in Derry overnight Facebook Google+ WhatsApp Nine til Noon Show – Listen back to Monday’s Programme Police are investigating an incident during which a number of shots were fired at a flat in Derry last night.It’s understood that several masked men arrived at the property in the Ballymagroarty area tried to force their way in.The men then proceeded to break a number of windows and fired several shots as they were leaving.No-one was injured in the incident which happened just before 9.30pm.A police helicopter was deployed to support officers attending the scene on the ground. Facebook DL Debate – 24/05/21 center_img Pinterest By News Highland – March 5, 2020 Loganair’s new Derry – Liverpool air service takes off from CODA News, Sport and Obituaries on Monday May 24th Arranmore progress and potential flagged as population grows Previous articleFG & FF meet later to discuss options for government formationNext articlePolice in Strabane appeal over hit and run incident News Highland Important message for people attending LUH’s INR clinic RELATED ARTICLESMORE FROM AUTHOR Google+ WhatsApplast_img read more

Two Donegal aquaculture companies to share €134,000 in funding

first_img Facebook RELATED ARTICLESMORE FROM AUTHOR Minister Joe McHugh has welcomed Government grants towards a €134,000 investment in two local aquaculture companies.Trabay Limited in Lettermacaward is to receive €33,830 towards a total investment of €83k in oyster handling machinery.Ocean Farms Limited in Inver is to to receive €25,805 Government grant towards a €51,610 investment in research.The Donegal TD said: “I want to thank Minister Michael Creed for this very welcome grant aid today to two important Donegal companies.“It is part of a €240M investment over six years in the industry nationally.”Minister Creed said: “I welcome the continued and increasing level of capital investment in our aquaculture sector which will underpin our ambitions to significantly grow our production in the coming years.“I am delighted also to see recent efforts by my Department and BIM to encourage our third level institutions to become involved in the research agenda for the sector coming to fruition with three of our best third level institutions receiving approval for applied research to assist our sector in innovating and developing new technical knowledge to support the sustainable growth of the sector, together with two further industry research projects.” News, Sport and Obituaries on Monday May 24th Previous articleNew Bishop of Raphoe reveals major reshuffle within the DioceseNext articleTyrone County Board hold their September meeting tonight News Highland Pinterest Google+ Google+ WhatsApp Important message for people attending LUH’s INR clinic Loganair’s new Derry – Liverpool air service takes off from CODA Twittercenter_img Two Donegal aquaculture companies to share €134,000 in funding Arranmore progress and potential flagged as population grows Facebook WhatsApp Twitter By News Highland – September 5, 2017 Nine til Noon Show – Listen back to Monday’s Programme Pinterest DL Debate – 24/05/21 Homepage BannerNewslast_img read more

New storms on the way for the West

first_imgABC News(NEW YORK) — Weekend storms brought 700 damaging storm reports, including 19 reported tornadoes from Texas to Virginia. People across the country are still cleaning up from this storm while several new storms are already slamming the West. Ten states in the West are under multiple alerts Monday morning.A western storm has already been hitting Seattle hard overnight with snow which has caused accidents, spinouts and power outages. This storm is not the end, however, and there is more on the way for the rest of the week. Yet another storm will move into the West on Wednesday bringing more heavy snow and heavy rain. By Wednesday night, the storm will reach the San Francisco Bay area with heavy rain and it is expected to hit Los Angeles by Thursday afternoon. Heavy rain is also expected for coastal Oregon and the California coast, especially in the middle to the end of the week.Dozens of record highs were smashed across the East Coast this past weekend from Florida to Maine. Several cities hit all-time January record highs, where Boston reached 74 degrees and Naples, Florida, hit near 90 degrees.The heat is over for the Northeast and temperatures are closer to normal Monday morning but parts of the Southeast remain very warm for this time of the year with temperatures in the 70s and 80s.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Arizona CEO fired after yelling racial slurs at Uber driver in video

first_imgKNXV(PHOENIX) — An Arizona-based fertilizer company has fired its CEO after video surfaced of him berating a black Uber driver and calling him the N-word.Agroplasma CEO and President Hans Berglund was ousted from the company he founded amid accusations of racism and verbal assault, the company said Wednesday.The announcement came less than a week after Randy Clarke, an Arizona State University student and Uber driver, released dash camera footage of his disturbing encounter with Berglund after picking him up on Jan. 31.Clarke responded to a ride request from Berglund at around 9 p.m., but the situation escalated when he asked Berglund to sit in the back seat, citing a policy he enacted in 2018 when he said a rider allegedly sexually assaulted him.Clarke has signs posted on the inside and outside of his vehicle detailing this policy and why he prefers that customers ride in the back seat, according to his attorney. Uber authorized the rule after the sexual assault to limit the risk of Clarke being sexually assaulted by any other passengers, his attorney said.Dashcam footage showed Berglund refusing to sit in the back seat and threatening to cancel the ride. He eventually agreed to sit in the back, but Clarke said it was too late as he had already began to process a refund for the ride.That’s when Berglund began to berate him, according to the video.“Are you f—ing serious with me?” Berglund is heard saying. “Is it because I’m white? And you’re a f—ing n——? You are a f—-ing idiot.”Berglund apologized for the online incident, but Clarke said it was insincere, according to Jarrett Maupin, a reverend and civil rights activist who represents him.“Hans Berglund is the CEO of several enterprises and he knows that his conduct is unacceptable and that a public apology — face to face — is merited here,” Maupin said in a statement Wednesday. “Until he agrees to meet with us, we will make known his racist behavior. His suppliers, his business partners, whomever he does business with will hear about what he did to Mr. Clarke and what kind of a bigoted bully he is.”Clarke said he informed Uber of the incident and it agreed to place a temporary hold on Berglund’s account while it investigates the claims.Berglund told Phoenix ABC affiliate KNXV that he “deeply regretted” the comments and said he hopes Clarke will accept his apology.“I deeply regret and apologize for the hurtful and derogatory language I used during the altercation with Mr. Clarke,” Berglund said. “I firmly believe that there is no excuse for the use of racial slurs under any circumstance, so I will not offer any. It is my sincere hope that Mr. Clarke hears and accepts my apology and believes me when I say it is honest and heartfelt.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more