African tech IPO Jumia jumps big, Facebookâs board drama, and JP Morgan jumps 5% as it looks into Americaâs wallet
The âAmazon of Africa,â Jumia, surged 75% on its IPO day, but itâs really more of an everything-app for 14 fast-growing African nations. Netflix CEO Reed Hastings is leaving Facebookâs board because t...
15 Huhti 201917min
Amazon throws shade at competitors, Lemonade raises $300M, and Keurig Dr. Pepper falls 4% on cocktail K-Cups
Jeff Bezosâ annual letter to Amazon shareholders ripped on eBay and professed love for gut instincts. Keurig Dr. Pepper stock fell 4% because its new K-Cup partnership with Budweiser seems dubious. An...
12 Huhti 201917min
Uber doesnât want its IPO to be like Lyftâs, Netflixâs unprecedented comedy move, and Deltaâs 2 âprofit puppiesâ
Lyft shares have fallen 25% since their first day of trading â And things got worse yesterday because of what Uber revealed. Netflix is partnering with another subscription service for the first time,...
11 Huhti 201913min
Leviâs 1st earnings report, Under Armour drops 4%, and Bank of Americaâs big pay raise
In its first earnings report since its March IPO, Leviâs shares jumped. Under Armour dropped 5% because a single survey showed itâs lost consumer love big-time. And Bank of America just jacked up its ...
10 Huhti 201914min
âAvengersâ powers AMC movie theater stock, Chuck E. Cheeseâs plans to go public again, and GE falls because of âthe GE whispererâ
Donât call it a comeback (but it is a comeback). Your childhood Chuck E. Cheeseâs has been revamped by private equity and wants to go public again. AMC jumped 9% on word the latest âAvengersâ could ha...
9 Huhti 201914min
Bumble launches a physical magazine, Snapchat gets into gaming, and 1 problem in the âperfectâ jobs report
Ladies-first dating app Bumble just published a physical magazine as it transitions online to offline. Snapchat stock popped last week after its big move to make video games for non-video-gamers. And ...
8 Huhti 201914min
Beyonce signs with Adidas, Coronaâs owner pops 7% for quitting wine, and why Tesla fell 9%
Adidasâ new creative partnership with Beyonce signals a major change in athleisurewear. Corona-owner Constellation Brands just sold its cheap wine biz for $1.7B to pivot to beer. And Tesla dropped 9% ...
5 Huhti 201913min
McDonaldâs 2nd investment in a week, Uberâs and NYCâs traffic tax, and Ikeaâs new furniture rental service
McDonaldâs stock hit a record high after its 2nd investment in a week to make its food more tech. Uberâs IPO is coming up, but itâs been busy making NYCâs new congestion tax happen. And Ikea pulls a R...
4 Huhti 201913min
