Lyft Inc. LYFT, -0.12% has formed Lyft Media, a new business unit consolidating and expanding the advertising offerings at the ride-hailing company. The news comes more than two years after Lyft Read more
Tag: corporate strategy
Amazon to buy Roomba maker iRobot as ‘discount shopping’ spree continues
Just weeks after announcing its plans to buy the operator of One Medical health clinics, Amazon.com Inc. said it would be making another deal, this time for Roomba maker iRobot Read more
Warner Bros. Discovery stock slammed after earnings debut
In its first earnings report since bringing in HBO Max and other WarnerMedia properties, Warner Bros. Discovery Inc. on Thursday missed revenue expectations by roughly $2 billion and reported a Read more
How gas prices and competitive pricing boosted Costco’s strong July sales
Gas prices continue to benefit Costco Wholesale Corp., which reported strong July sales after the market closed on Wednesday. The company’s sales for the month were $16.85 billion, compared with Read more
Walmart cutting about 200 corporate jobs in restructuring as profits sag
Walmart Inc. is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying Read more
Michael Saylor drops Microstrategy CEO role — Here’s what it means for bitcoin
A shakeup of MicroStrategy Inc.’s executive suite has crypto traders weighing the consequences for bitcoin as Michael Saylor drops his role as chief executive officer. MicroStrategy’s MSTR, +12.73% shares jumped Read more
Opinion: Congress’s $76 billion plan to help U.S. chip makers is bad tax policy — and could turn into subsidies forever
Both the Senate and the House of Representatives have approved $52 billion in grants and $24 billion in tax credits that advocates say will strengthen the production of semiconductors in Read more
Opinion: Elon Musk is hitting ‘peak hubris’ with his high-risk Twitter and bitcoin plays. Tesla shareholders should be concerned.
Elon Musk is certainly self-confident, perhaps overconfident, but what about his hubris? Confidence and hubris reside at opposite ends of self-image, with overconfidence in between. Confidence is essential in life Read more
Where can you try McDonald’s meatless McPlant burger? Analysts are having trouble tracking the Beyond Meat offering on U.S. menus.
JPMorgan analysts did a little digging around about the McPlant — the plant-based sandwich created by McDonald’s Corp. in partnership with Beyond Meat Inc. — and have drawn the conclusion Read more
Instacart plans to go public before year’s end, despite a frozen IPO market
Instacart Inc. expects to go public before year’s end, according to people familiar with the matter, earlier than many on Wall Street had expected amid a frozen market for new Read more