Uber lost $543,478 per hour last quarter, Walmart launches alcohol pickup, and Under Armour plummets 18% on sneakers
Uber lost a shocking $1.2B last quarter, but now itâs hoping/planning to hit profitability in 2021 (same as Lyft). Under Armour is suffering from a sudden accounting investigation, but the real issue is with its core business, and its sneakers. And Walmart launched alcohol pickup (and some delivery) across 2,000 stores because it canât beat Amazon on price. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
5 Nov 201918min
Google gets a Fitbit, AIGâs anti-catastrophe quarter, and Quip flips the razor/razorblade model
Remember when we mentioned Google could acquire Fitbit last Friday? It did. So weâre looking to understand why Googleâs paying almost double the normal stock price. Insurance giant AIG doesnât like catastrophes, and last quarter had fewer than expected. And electric toothbrush startup Quip just launched a floss that turns the razor/razorblade pricing model on its head. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
4 Nov 201916min
Dunkinâs grand slam game plan, Appleâs wearables, and WWEâs 16% stock drop
Dunkinâ shares popped 6% after it spent the last 3 months amping up its 4-part game plan for fast food innovation. Appleâs earnings revealed that itâs becoming a wearables company, powered by AirPods and Apple Watches. And World Wrestling Entertainment stock plummeted 16% as its Middle East TV dreams get crushed. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
1 Nov 201916min
Twitter bans political ads, Mirror raises $34M, and Fiat Chrysler & Peugeut are mega-merging
Jack Dorsey just took a jab at Mark Zuckerberg by banning political ads from Twitter, via tweet. Peloton rival Mirror snagged $34M in fresh funding from Lululemon, Karlie Kloss, and Steve Cohenâs hedge fund, so weâre looking at who could buy them. And Fiat Chrysler and Peugeut are planning to merge to create Earthâs 4th biggest car company, because merged car companies live longer. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
31 Okt 201916min
Free Prime grocery delivery, GrubHubâs stock falls 43%, and Lockheed Martinâs $34B fighter jet order
We just realized todayâs Snacks has a delivery theme. GrubHub stock lost nearly half its value because the CEO thinks youâve been âpromiscuousâ with your late-night food delivery. Amazon goes with the nuclear option by launching free grocery delivery for all prime members. And Lockheed Martin just got an expensive order for F-35 fighter jets from the Defense Department. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
30 Okt 201915min
Virgin Galacticâs space IPO, Beyond Meatâs 1st ever profit, and Tiffanyâs $14.5B acqui-proposal
Sir Richard Bransonâs Virgin Galactic just became the first ever space tourism IPO, but investors donât have anything to compare this to. Beyond Meat enjoyed its 1st ever profit, but the stock still dropped 10%. And Tiffanyâs received a $14.5B acquisition proposal by French luxury leader LVMH because theyâre a complementary couple. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
29 Okt 201916min
Budweiserâs US Bud-pocalypse, Airbus is 2019 airplane champ, and Waste Management stock cleans up
Shares of Bud-owner AB InBev plummeted 11% on word itâs losing beer market share (fast), so itâs betting big on (wait for itâŠ) sparkling seltzer. Airbus is thriving off of Boeingâs 737 Max crisis. And Waste Managementâs recycling passion isnât charitable â itâs profitable. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
28 Okt 201917min
Amazonâs âEra of Less Profitability,â Twitterâs midlife ad crisis, and Barclaysâ ATM drama
Shares of Amazon dropped 7% on word 1-day shipping is really, really costly. Twitter plummeted 21% on its midlife ad crisis. And Barclays pulled the switcheroo on its ATM-in-post-offices plan, ultimately caving to pressure. Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
25 Okt 201916min
