GameStop shares surge again; investors lose big time
This is one of those stories you can talk about with your family and friends. A few years ago, has-been companies went viral with investors, and their stock prices went sky-high out of the blue.
Because everything is a cycle, it just happened again. After you read this, you’ll know why no one can shut up about GameStop, a company that sells video games, gaming platforms and accessories primarily from its brick-and-mortar retail stores across the country.
San Francisco and Palo Alto used to be the nation’s top destinations for tech talent seeking big checks. But other U.S. cities are catching up. Which has the fastest-growing salaries in tech today? Is it … A.) Baltimore, B.) Austin, C.) Columbus or D.) San Antonio?
🤦🏼♀️ Heads-up, news hounds: Gone are the days of Googling a news story and picking your preferred news outlet to read it. Google’s AI will now read all news stories for you and give you one version it creates, complete with its own biases. Yup, Google’s AI once told me it couldn’t provide me with a Bible verse I’d requested because it was “controversial and against its policies.”
$25 million
How much cryptocurrency MIT-educated brothers swiped in just 12 seconds. Clever, except Anton, 24, and James, 28, just got arrested for their 2023 ethereum heist. They studied computer science and math. Now they’ll have plenty of time to calculate the years they could spend in jail.
Which tech CEO was the youngest when they founded their first business? Was it … A.) Evan Spiegel (Snapchat), B.) Jack Dorsey (Twitter), C.) Whitney Wolfe Herd (Bumble) or D.) Bill Gates (Microsoft)?
⚙️ Shifting gears: Mercedes is scrapping the entire division that was working on a 750-mile range EV. They’re still making EVs, but they’re not selling well. You can snag one at a darn good price right now. Oh, and Hertz is dumping 30,000 of its Teslas, if you’re looking for a deal on one of those.
23andMe caught in a lie: 23andMe made billions promising disease prevention based on genetic testing from a saliva swab. Really, all we got was that your family came from Eastern Europe or wherever. In 2023, the company reported a $522 million loss. What goes around comes around.
🤖 AI is coming to our military in a big way: Palantir’s mixed-reality headsets let soldiers see the battlefield in 3D, while new software can spot hidden cargo ships in shipping lanes. Older weapons aren’t going anywhere, though — just getting more efficient.
Competition is a win for consumers: AT&T and AST SpaceMobile are joining forces to provide internet service from space. The deal runs through 2030. Starlink has a similar arrangement with T‑Mobile. More competition = Cheaper prices. Love when that happens!
190.6 million people
Play video games at least one hour per week in the U.S. The majorities of Gen Alpha (79%), Gen Z (76%) and millennials (65%) game. Roughly 53% of Gen X games, while 47% of baby boomers play, too. Do you? I don’t.