⏱Unfortunately court isn't a $GME
Google and Facebook disagree, and Amazon crowd sources development
Good morning everyone, and welcome to National Drink Wine Day. One of our personal favorite holidays.
0:05- $GME over?
The figurehead of the gamestop stock rise, Keith Gill (who is also known as both “Roaring Kitty” and u/DeepFuckingValue), was sued yesterday by a fellow investor. The suit alleges that he “took on the fake persona of an amatuer, everyday fellow” in an attempt to lead fellow redditors to a valuation of GameStop that was neither accurate nor “prudent.” The man suing him? Christian Iovin, who took out a $200k loan to sell call options, saw the stock rise, and experienced “substantial” losses. Gill commented on the suit, declaring it “preposterous.”
0:30- Two sides of the internet
After a piece of legislation requiring news aggregators to pay sources for their content appears to be close to being finalized in the Australian government, Google and Facebook have taken different approaches. On one hand, Google announced that they had entered a deal with several news sources in deals worth “tens of millions”, and on the other, Facebook removed new sources from its Australian site entirely. During this process, they also made the “mistake” of removing several Australian government pages as well.
0:51- The most useful map ever?
Google Maps announced a couple of new features today that will tremendously help those who live in or visit cities. Starting soon, users in more than 400 cities around the US will be able to pay for both public transportation and parking through the app. The features will roll out first for Android users, with iOS devices following closely behind.
1:07- Can they build it? Yes! Will they? Maybe!
Yesterday Amazon announced a new initiative called “Build It” where they’re allowing consumers to decide what experimental products get developed. The concept will function similar to Kickstarter in that items can be backed by consumers with cash, however in Amazon’s case they will only be charged if the item receives enough support in 30 days and is actually made. Currently the three offerings are a smart sticky note printer ($89.99), a smart nutrition scale ($34.99), and a smart cuckoo clock ($79.99).
Have a great rest of your day, and we’ll see you tomorrow bright and early!
-The 90 Second News Team
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