🎮 This Hedge Fund Made $700 Million on GameStop
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This Hedge Fund Made $700 Million on GameStop. They aren’t Reddit day traders or Discord users. They are hedge-fund managers in New York. And when the stock surged from less than $10 a share to above $400 and the dust had settled, they were sitting on a profit of nearly $700 million, one of the great fortunes of the January market mania. (Juliet Chung via Wall Street Journal)
Apple and Hyundai-Kia pushing toward deal on Apple Car. After years of speculation that it will eventually get into the auto business with its own vehicle, Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia according to multiple sources who briefed CNBC on the plan. (Phil LeBeau via CNBC)
Amazon plans to install always-on surveillance cameras in its delivery vehicles. The hardware and software will be supplied by Netradyne, a California company behind a platform called Driveri that uses cameras and artificial intelligence to analyze a driver as they operate the vehicle. (Nick Statt via The Verge) Also: CNBC
Rep. Lauren Boebert raked in $22,000 in campaign gas reimbursements. Republican Rep. Lauren Boebert of Colorado raked in an eye-popping total of more than $22,000 in gas-mileage reimbursements from her campaign for Congress in 2020. (Jake Lahut via Business Insider)
Instagram confirms it's working on a 'Vertical Stories' feed. Instagram is developing a new feature that could give its app more of a TikTok-like feel: Vertical Instagram Stories. Today, users browse through Stories through taps and horizontal swipes — a feature Instagram adopted from Snapchat. (Sarah Perez via TechCrunch)
The End of the Indian Idea. For the past several years, warnings have been sounded about democracy in India—whether they be about the fate of the country's minorities, its courts, its intellectuals. These worries steadily build, before erupting into some major protest, taking over the popular consciousness, both domestically and abroad. (Vidya Krishnan via The Atlantic)
Elon Musk's Ex-Chief Engineer Creates A New Car-And Says It Beats Tesla. Peter Rawlinson has many goals for the Lucid Air. One is that it be hailed as the world’s best electric car. “Nobody believes me but we’re about to take it to another level,” he says in a pre-Christmas Zoom chat from the 300-year-old Warwickshire, England, farmhouse, he calls home when not at Lucid Motors’ Silicon Valley headquarters. (Alan Ohnsman via Forbes)
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