Tag Archive : drops

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Shares of Loop Industries  (LOOP) – Get Report lost a third of their market value on Tuesday after the activist investment group Hindenburg published a report lambasting the plastics-recycling company and said it took a short position.

The investment firm said it interviewed former employees, competitors, industry experts and company partners as part of its investigation and concluded that Loop is “smoke and mirrors with no viable technology.”

Loop, Terrebonne, Quebec, didn’t immediately return a request for comment. 

Former employees told Hindenburg that Loop operated two labs, one reserved for its “two twenty-something lead scientist brothers and their father” and one run by rank-and-file scientists who were unable to replicate results. 

The investment firm said that a Loop employee told Hindenburg that scientists were pressured by Chief Executive Daniel Solomita to “lie about the results of the company’s process internally. We have obtained internal documents and photographs to

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As the only successor to the 4G cellular technology used in smartphones and mobile computers, 5G was guaranteed to be a hit at some point — the only real question was how long it would take to truly go mainstream. This week, a report from Counterpoint Research suggests that a steep fall in 5G phone prices helped kick their U.S. sales into high gear, though the firm notes that the numbers will likely change substantially following Apple’s entry into the 5G market this month.

The trend lines are clear: Average selling prices of 5G phones fell by $218 from January 2020 to July 2020, reaching an all-time low of $730 — a drop of roughly 30% — while 5G phones increased their share of total smartphone sales from 3.3% to 11.6% during the same period. Counterpoint notes that the August percentage is an even higher 13.5%, aided in part by

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By Byron Kaye

SYDNEY (Reuters) – Google has postponed the Australian roll-out of News Showcase citing regulatory complications, just three months after announcing the product, as the U.S. internet giant grapples with one of the most audacious attempts to police its activities.

After naming Australia, Germany and Brazil as markets where it would start paying publishers to feature their news, the Alphabet Inc <GOOGL.O> unit dropped Australia from the product’s launch this week because its antitrust body has since pushed for laws forcing Google to pay royalties for content industry-wide.

Google said it has therefore “paused” contracts with five local publishers whose news was due to feature on News Showcase, which presents content on swipeable cards it dubs story panels.

“As we work to understand the impacts of the news media bargaining code on partnerships and products, we have put this project on pause for now,” Google’s managing director for

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