Last week, Elon Musk’s company was selling a new fire toy, Google signed a $1.1 billion deal with HTC and cryptocurrencies are not having an enjoyable week.
The legend of Elon Musk and the Boring Fire
The Boring Company, Elon Musk’s tunneling company, is selling flamethrowers.
Thinking that The Boring Company sold 50,000 hats late last year at $20 a pop, flamethrowers are probably an avid extension of the merchandise business.
Even though it is still in preorder stage at $500 per unit, CNBC announced on Monday that 7,000 pieces have already been sold. That’s $3.5 million; quick maths. On Wednesday, CNET updated that number to 15,000 and $7.5million large.
Currently, the 20,000 flamethrowers are sold out.
A Californian lawmaker is outraged about it and says as much on Twitter.
Meanwhile, as Elon is playing with fire toys, Mercedes Benz has set its scope on Tesla.
Tech Insider tells the car manufacturer’s methods to conquer electric cars.
The $1 billion Google – HTC marriage
In September last year, Google signed an agreement with HTC towards product innovation in the hardware department. The contract also included non-exclusive permission for HTC intellectual property.
This is a big step towards incorporating Made by Google products.
Last week has not been very favorable for cryptocurrencies on many crucial fronts. First Bitcoin crashed below $9,000 and that was only the beginning.
On Tuesday, Facebook banned all ads promoting cryptocurrencies. A Forbes statement says this ban was to remove the possibility of scams.
In the same vein, India’s finance minister stated his country does not accept cryptocurrencies as a legal tender.
Selling company merchandise shows to be the new cool these days. As Elon Musk is selling off flamethrowers, Snapchat now has an in-app store.
The Snap Store is in the Discover section of the app and will sell things like a $20 Dancing Hot Dog Plushie and $30 Dog Lens T-shirt.
A TechCrunch record says that even though this venture is not particularly geared towards immediate profit, it is not a flash in the pan.