Mimetic theory may explain why AMC and GameStop shares continue to be as valuable as they are despite them being from dying industries. Developed by Rene Girard, mimetic theory describes how people desire things because other people desire them also (“mimeticality” or imitation). When people started buying these “meme” stocks for fun, other people soon started imitating them, which made their prices skyrocket and ultimately caused them to remain valuable.
Read full article here
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here