The Morning After: Our favorite small kitchen gadgets
Melvin Capital couldn't survive the meme stock wars.
Melvin Capital, the hedge fund considered the nemesis of the meme stock affair encompassing GameStop, Blackberry and several others, is shutting down. Investors were told the"appropriate next step" after steep losses was to liquidate assets and return cash to investors. Its public bet against GameStop and other struggling companies made it one of the largest victims of a GameStop-centric investing spree by people coordinating across Reddit and social networks.
Roku has joined forces with Element to create a 55-inch outdoor TV, the companies announced. The Element Roku TV looks nigh-on identical to Element’s existing 55-inch Patio TV, just with a different OS. It offers a good but not spectacular 700 nits of brightness, along with 4K streaming and HDR. More importantly, though, it has tempered anti-glare glass to combat reflections and IP55 weather protection.US safety regulators are now probing more than 30 incidents.
Another Federal probe into Tesla's Autopilot system is underway. The National Highway Traffic Safety Administration is looking into more than 30 incidents involving Tesla's Autopilot. This follows an accident with a Model S, which occurred on May 12th in Newport Beach's Mariners Mile strip. The EV reportedly struck a curb and ran into construction equipment, killing all three occupants. Three construction workers were also sent to hospital with non-life-threatening injuries. Police declined to say whether Tesla's Autopilot was involved.
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