Hot Minute News: Snapchat's virtual clothing, Moderna stock and Musk's perfume

Snapchat introduces virtual clothing, Moderna stock surges and Musk sells... perfume?

Elon Musk has sold $1 million worth of his “Burnt Hair” perfume. Yep, you read that right.

But first, here are the other top two stories of the week.

  • At number three, Snapchat now lets you virtually try on and buy clothes. This is a part of a new AR experience that lets you buy clothes directly within the app. This could be the beginning of a brand new trend, as companies like Amazon, Pinterest and Google also let you virtually try on apparel, accessories and makeup. 

  • At number two, Moderna stock has surged 16% after being given $250 million to work on a vaccine targeting melanoma. Since going public in 2018, Moderna stock rocketed 434% in 2020 and 143% in 2021.

  • And yes, at no. 1, Elon Musk has launched his “Burnt Hair” perfume, at $100 per bottle. This has already sold over 10,000 bottles, making over $1 million. Musk’s “Boring Company” has previously sold hats, fire extinguishers and flamethrowers.

For more hot news in under a minute, check out our other pieces!

  1. Hot Minute News: Musk, Porsche and Kim Kardashian

  2. Hot Minute News: Bitcoin, Amazon and the Autumn statement

  3. Hot Minute News: Crypto chaos, crashing house prices and

  4. Hot Minute News: Musk, Exxon and Interest Rates

  5. Hot Minute News: Meta, Meal Deals and Ed Westwick

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Lucy Burgess

Lucy Burgess

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Lucy has spent the last 8 years working in fintech. It's safe to say she's pretty passionate about making finance welcoming to everyone.

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James Ashoo

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James has been investing for over four years. His aim is to explain the hard stuff, easily! When he's not chewing your ear off about stocks and crypto, he'll most likely be telling bad jokes.

Harjas Singh

Harjas Singh

Chief Product Officer & Co-Founder

With a wealth of experience in fintech, Harjas is the man in the know when it comes to all things product. Investing features, chatting capabilities and thriving communities – he oversees all development on the Shares app!