Loop Industries Drops – Hindenburg Makes Claims, Shorts Stock

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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Loop Industries plummets 39% after a short-seller report claims its plastic-recycling technology doesn’t work



a man looking at the camera: Getty Images / Xinhua News Agency


© Getty Images / Xinhua News Agency
Getty Images / Xinhua News Agency

  • The same short-seller that targeted Nikola in September has set his sights on a new name: Loop Industries.
  • In a report released on Tuesday, Hindenburg Research alleged that Loop Industries’ technology for recycling plastics didn’t work, describing it as “smoke and mirrors.”
  • Shares of Loop Industries fell as much as 39% on Tuesday.
  • Visit Business Insider’s homepage for more stories.

The same short-seller that targeted Nikola in September is now alleging that another company “is smoke and mirrors” and is inflating its technological capabilities.

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In a report released on Tuesday, Hindenburg Research alleged that Loop Industries was peddling plastic-recycling technology that didn’t work.

Investors have taken note of what Hindenburg has to say since its September report on Nikola led to a drawdown of nearly 50% in that stock.

Loop Industries says it uses proprietary

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Loop Industries plummets 36% after a short-seller report claims its plastic-recycling technology doesn’t work

  • The same short-seller that successfully targeted Nikola Corp. in September has set his sights on a new name: Loop Industries.
  • In a report released on Tuesday, Hindenburg Research alleged that Loop Industries’ technology for recycling plastics doesn’t work. 
  • “Our research indicates that Loop is smoke and mirrors with no viable technology,” Hindenburg said. 
  • Shares of Loop Industries fell as much as 36% in Tuesday trades.
  • Visit Business Insider’s homepage for more stories.

The same short-seller that successfully targeted Nikola Corp. in September is now alleging that another company “is smoke and mirrors” and is inflating its technological capabilities.

In a report released on Tuesday, Hindenburg Research alleged that Canada-based Loop Industries is peddling a plastic-recycling technology that simply doesn’t work.

Investors are taking note of what Hindenburg has to say after its September short report on Nikola Corp. led to a drawdown of nearly

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Productivity Commission claims wide-spread regtech adoption will lift compliance

An information paper by the Productivity Commission has highlighted how there is scope for Australia to adopt regulatory technology (regtech) beyond the financial sector, with the belief it can improve regulatory outcomes and reduce the costs of administration and compliance.

In its regulatory technology information paper [PDF], the Productivity Commission noted how Australia is “well-placed” to develop regtech solutions given its “relatively stable and sophisticated” regulatory systems, but currently, extensive use of regtech remains relatively low.

“Low awareness can dampen both demand and supply responses — business need to see value in changing their software so that developers see value in investing in applications, which in turn deliver the value businesses need to see,” the paper stated.

It went on to suggest that Australia could extend its existing use of “low-tech” solutions, including digitised data, forms, registers, and transactions to streamline business and individual transactions with government, as well as

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Trump claims he is ‘immune’ to coronavirus, but the science is unclear

  • President Donald Trump claimed that he is “immune” to the coronavirus in a Fox News interview with Maria Bartiromo on Sunday.
  • Though experts think that most people develop an immune response after a COVID-19 infection, it’s unclear how strong this response is or how long the protection lasts.
  • There are no indicators that could reliably determine whether Trump is immune to reinfection.
  • Visit Business Insider’s homepage for more stories.

President Donald Trump claims he is immune to the coronavirus, but there’s no way he can be sure of that.

“It looks like I’m immune for, I don’t know, maybe a long time, maybe a short time,” Trump said in a live Fox News interview with Maria Bartiromo on Sunday. “It could be a lifetime. Nobody really knows.”

Trump also said he had “a protective glow” — a concept which does not appear in medical literature or scientific research about the

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COVID-19 virus can survive on smartphone screens for 28 days, claims researchers

Are you still washing your hands often and cleaning your phone screen and other gadgets regularly, or has that habit slipped? With the COVID-19 virus still burning its way through the population, it’s a bad time to let good habits slide, especially given the results of a new study by Australian researchers.

The findings, published in Virology Journal, suggest that the SARS-Cov-2 virus responsible for COVID-19 can last for almost a month on glass, stainless steel, and both paper and polymer banknotes if kept at ambient temperature and humidity (20 °C and 50 percent RH).

Must read: Does Apple’s iOS 14 ‘nuclear’ battery fix work?

According to the paper, “the persistence of SARS-COV-2 on glass and vinyl (both common screen and screen protector materials, suggest that touchscreen devices may provide a potential source of transmission, and should regularly be disinfected especially in multi-user environments.”

It’s not just glass surfaces either.

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The Full Nerd special episode: Ryzen 5000 claims the gaming crown, Radeon RX 6000 benchmarks

In this episode of The Full Nerd, Gordon Ung, Brad Chacos, Alaina Yee and Adam Patrick Murray talk about AMD’s newly announced “Zen 3”-based Ryzen 5000 chips and Radeon RX 6000 performance.

It’s official: AMD is staking a claim on being the “world’s best gaming CPU” with four Ryzen 5000 CPUs based on its new Zen 3 cores. Gordon goes over what’s changed from Ryzen 3000, and explains just how bad this is for Intel’s desktop chips.

If that isn’t enough for you, AMD also dropped a performance preview of its upcoming Radeon RX 6000-series graphics cards. Brad tells you just what these preview numbers mean for Nvidia’s GeForce RTX 3000 cards, and AMD’s own ambitions.

You can witness it all in the video embedded above. You can also watch The Full Nerd special episode on YouTube (subscribe to the channel while you’re there, or listen to it

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‘iPhone 12’ ships mid-November, ‘HomePod mini’ costs $99 claims leaker

A new leak claims that Apple’s new “HomePod mini” will be half the height of the original, and details a release schedule for the whole of the “iPhone 12” range.

A leak originally posted on Chinese site Weibo but then relayed by previously accurate tweeter Ice Universe, claims to have full details of the rumored smaller HomePod, plus confirmation of the “iPhone 12” range Apple is expected to announce on October 13.

A translation of the original Weibo posting says, “HomePod Mini, priced at $99, 3.3-inch speaker, S5 processor.

Most places are scheduled for November 6/7, and will be released on 16/17. Please wait for the domestic release.”

The reference to a domestic release implies that these dates are for America, not China where the leak was posted.

At 3.3-inches, the HomePod mini would be just under half the height of the original HomePod. And at $99, it would

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Tiny Changes Let False Claims About COVID-19, Voting Evade Facebook Fact Checks : NPR

Facebook labels posts that its fact checkers have found false, as in the screenshot on the left. On the right, a similar post had no label applied.

Screeenshot via Avaaz


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Screeenshot via Avaaz

Facebook labels posts that its fact checkers have found false, as in the screenshot on the left. On the right, a similar post had no label applied.

Screeenshot via Avaaz

Something as simple as changing the font of a message or cropping an image can be all it takes to bypass Facebook’s defenses against hoaxes and lies.

A new analysis by the international advocacy group Avaaz shines light on why, despite the tech giant’s efforts to stamp out misinformation about the coronavirus pandemic and the U.S. election, it’s so hard to stop bad actors from spreading these falsehoods.

“We found them getting around Facebook’s policies by just tweaking the misinformation a little bit,

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IonQ Releases A New 32-Qubit Trapped-Ion Quantum Computer With Massive Quantum Volume Claims

Last May, I had a discussion with Peter Chapman, CEO of IonQ, a start-up quantum computing company.  Before coming to IonQ, Chapman worked for Amazon, where he was responsible for all the technical complexities of Amazon Prime.  IonQ had accomplished a lot in the twelve months that Chapman had been at the helm, so I was looking forward to talking to him. 

My biggest surprise during that discussion was that IonQ was simultaneously working on its next three generations of its trapped-ion quantum computers – 5th, 6th, and 7th generations. 

In a recent follow-up with Chapman, including Chris Monroe, IonQ’s Co-founder and Chief Scientist, we discussed IonQ’s release of its 5th generation quantum hardware.  Keep in mind that the 6th and 7th generations are still in development. Chapman said that each generation would be smaller and more powerful than its predecessor when released.  Although he

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