The Daily Dose

Daily Dose News Roundup

• Jeff Bezos’s representative just left the board of a startup that raised $1.4 billion on his name. The first truck has not been built.
• 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