Personal Finance
$20

Talk to Apple’s Siri in the past decade? Tens of millions of people stand to gain up to $20 per Siri-enabled device for potentially having their privacy violated. Apple agreed to pay $95 million to settle a proposed class-action lawsuit saying that the company routinely recorded people’s conversations and disclosed it to advertisers after users unintentionally activated the assistant. Despite settling, Apple denied wrongdoing.

As Reuters pointed out, the entire settlement is equivalent to about nine hours of profit for Apple, which brought in nearly $94 billion in net income last year.

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$17B

Elon Musk’s $1 billion purchase of Tesla shares sent the stock soaring this morning — along with his personal wealth. Bloomberg’s Matt Levine calculated that the share price rise thanks to Musk’s purchase was enough to raise the total value of his stock by $17 billion.

However, as Levine also pointed out, it’s not as if Musk will realize that gain any time soon:

If you could spend $1 billion to make yourself $17 billion richer, and then cash out that $17 billion, that would be an amazing trade and you should do it all day long. But in practice, if buying $1 billion of stock makes your stock go up by $17 billion, then selling that $17 billion of stock will make your stock go down by much more.

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