- He Built a $10 Billion Investment Firm. It Fell Apart in Days. (New York Times) – Banks were eager to do business with Bill Hwang and his Archegos Capital Management — until he ran out of money.
- LG becomes first major smartphone brand to withdraw from market (Reuters) – LG’s smartphone division has logged nearly six years of losses totalling some $4.5 billion.
- Amazon Admits Drivers Sometimes Have to Pee in Bottles While on the Job (Slate) – Amazon admitted it was wrong to be so cavalier about the issue and publicly apologized to Pocan, claiming the initial tweet was referring to Amazon’s warehouses that have “dozens of restrooms” rather than the company’s drivers.
- Tesla China Demand Fuels ‘Home Run’ Quarter for Deliveries (Bloomberg) – Tesla delivers almost 185,000 vehicles, beating estimates.
- Unopened Super Mario Bros. game from 1986 sells for $660,000 (Fox Business) – The video game was bought as a Christmas gift but ended up being placed in a desk drawer, where it remained sealed in plastic and with its hang tab intact until it was found earlier this year.
- ‘Godzilla vs. Kong’ tops the pandemic box office with $32.2 million in domestic opening weekend (CNBC) – “The results for ‘Godzilla vs. Kong’ are absolutely mind-blowing and a represent a ‘welcome back’ of sorts for an industry that has been working its way back from the brink for over a year,” said Paul Dergarabedian, senior media analyst at Comscore.
