🐻 “Gummy Bear Billionaire” — Haribo’s un-changed strategy. Toyota’s hybrid victory. Newspapers’ billionaire savior.

Haribo is the biggest confectionery company on earth and it just gave us a rare update — The key to Harbibo’s success? It doesn’t change.

While most car industry stocks are dropping, Toyota’s is near its all-time high — Because it made a winning bet 25 years ago: hybrids.

And 3 of the biggest newspapers in the country were bought by 3 billionaires in the past decade, but they’re still losing money — Because journalism needs a new business model.

$HSY $TM $AMZN

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