Are We Nearing A Turn In The Industry? – Uber (UBER)
After announcing its first-quarter financials, Uber’s (UBER) share price fell 4.75% on Wednesday afternoon. Even as the macro environment for transportation services, including Uber and other taxi and delivery companies, is improving amid massive COVID-19 vaccinations, and economies and tourism, particularly, are recovering, several challenges threaten their profits. This quarter Uber posted its record low […]
Nintendo earnings triple as the boom in the gaming sector continues during a pandemic woes
One of the few markets that have recorded tremendous statistics during the pandemic is the video games industry. During the shutdowns and bans on travel due to covid19, the sector witnessed runaway sales, as people looked for entertainment. By the end of September, sales of Nintendo’s Switch console increased revenue to more than triple. Another […]
PayPal’s Better Results Highlights Room For Further Growth
PayPal’s third-quarter financial report was strong, with revenue continuing to grow at a rate of more than 20%. In addition, by the end of 2020, management plans to increase free cash flow to $5 billion and increase EPS by 27% to 28%. PayPal’s digital wallet Venmo is developing dynamically with total payments grew by 61%, […]
Walmart Inc (WMT) endorsing Comcast Corp (CMCSA) streaming service to rival Netflix
Retailer giant Walmart Inc (WMT) and Comcast Corp are reportedly joining hands to build and sell smart TVs. It’s been reported that the bricks-and-mortar store would advertise and sell TV sets with Comcast software and will grab a chunk of revenue from Comcast. Reports said that Comcast, which is set to rival Netflix and Apple […]
