The Daily Dose

Daily Dose News Roundup

• Snap lost a 400 million dollar AI deal, 20 million dollars a month to the Iran war, and 24 per cent of its stock price. The AR glasses had better work.
• Volkswagen just became Rivian’s biggest investor. It is not buying trucks. It is buying the software its own engineers could not build.
• Pinterest just crossed $1 billion in quarterly revenue. The bet that made it work was not social media. It was search.
• Tesla is selling Chinese-made cars in Canada to escape the tariffs that both China and America imposed on it
• Foreign automakers are not staging a comeback in China. They are learning to be the junior partner.