The first Ferrari Luce sold for $40mn, 36 times its estimate
THE SO WHAT
A $40 million hammer price for the first Ferrari Luce — 36x estimate — shows ultra-high-net-worth buyers will pay extreme premiums for early access to flagship EVs. Luxury and performance OEMs can treat initial EV runs as both technology showcases and capital-raising events if they design scarcity and narrative correctly.
READ THE SOURCE
MORE FROM THE WIRE
Tech & InnovationBig Take: How Amazon Landed On Mamdani's Labor Agenda
Political scrutiny of subcontracted last‑mile labor isn’t just an Amazon story—it’s pressure on the entire “asset‑light via contractors” logistics model. If your ops depend on third‑party labor to keep fixed costs off your balance sheet, start scenario‑planning for regulatory reclassification and higher effective labor costs.
Tech & InnovationI’m a diehard Firefox user — and its new ad blocker rolling out on iOS could finally let me switch from Safari
A built‑in ad blocker on Firefox iOS is another crack in the mobile browser ad surface—privacy defaults are becoming a competitive feature, not an add‑on. Publishers and performance marketers should assume more inventory will be invisible at the edge and lean harder on first‑party channels and non‑display attribution.
Tech & InnovationSpirit Airlines Is Dead, but Its Data Will Haunt Google’s Servers for Generations to Come
The end of a low‑cost carrier while its behavioral data lives on is a reminder that customer histories often outlast the brands that collected them. If you’re sunsetting products or merging entities, treat data retention and access as an explicit strategic choice—not a default to “keep everything in the cloud forever.”
Tech & InnovationMeta might be on the hook for $1.4 trillion if it loses a landmark lawsuit and that would truly mark the end of social media as we know it
A potential $1.4T liability over social media harms would put a hard legal price on engagement‑driven design choices, not just PR pressure. Any platform with youth exposure should be treating safety features, age gating, and algorithmic controls as core risk management, not UX polish.