The head of $LAZR-0.6% has acquired an 82% stake in the company that publishes Forbes magazine.
Forbes publishes a financial magazine that uses lists and rankings such as the Forbes 400 - a ranking of the richest people in America, Forbes 2000 - a ranking of the world's most successful business companies
Luminar Technologies is an American technology company that develops lidar and machine perception-based technologies for sensing the environment, primarily for self-driving vehicles. The company's stock has fallen 45% over the past year. Yet their technology is being used more and more and I see a future in self-driving cars.
Mercedes Benz has signed a deal with $LAZR-0.6% to use their technology in new cars.
I didn't know this company. However, a share of 82% is already quite respectable. Thanks for the info and I'll definitely take a closer look at the company.
Lidar and similar laser technologies are indeed the future. Such a fairly unknown industry. I confess I didn't know the company myself. I'll check it out.
82% share - that's something to work with. 😉