Best Buy wants to reduce their physical footprint to focus on delivery. But will it pay off?
By: Francisco Velasquez Best Buy Co. Inc, announced in August that it is scaling down its brick-and-mortar locations, in the hopes it will make its online-retail business more relevant as it competes against e-commerce giants like Amazon. Following pandemic driven...
General Motors wants the impossible, to beat out Tesla
General Motors Co. is working overtime in the electric vehicle industry, saying it’ll beat out the top dog in EV sales, Tesla. The possibility of doing so seems impossible, though. After CEO and Chair, Mary Barra, told CNBC on Oct. 27, that it’s determined to beat...
Twitter needs its bet on paying users to pay off
Despite Twitter’s pronounced effort to pivot into new spaces, its stock has been in freefall lately.
Tesla’s new Texas car insurance shoots first, asks questions later
Tesla is now selling car insurance in Texas, its new home state, two years after the automaker first launched the product in California. But the Lone Star State edition is different from its Golden State cousin in that its “shoot first, ask questions later” approach...
Pinterest’s monthly active users declined in the third quarter, but show signs of stabilizing
By Olivia Morley Pinterest Inc. said its monthly active users (MAUs) declined to pre-pandemic levels in the September quarter, but have been stable since then. The company said MAUs in the U.S. declined 10% in the September quarter to 89 million, down from 98 million...
Peloton must prepare to battle with gyms and studios as competition heats up in the fitness industry
By: Alexandra White Peloton thought virtual workouts were the next big thing for fitness consumers, but a dismal first-quarter earnings report revealed that it may have miscalculated that assumption. Shares of Peloton fell 35% the day after it reported earnings for...
Discovery-WarnerMedia Merger Is The Only Way To Compete On a Large Scale
By Jessica Lerner In the so-called streaming wars, the only way to succeed is to be big. And if Discovery Inc. wants to be a serious contender in an already saturated direct-to-consumer content, merging with telecom giant AT&T Inc.’s WarnerMedia is the only way it...
Discovery Taps Ex-Disney Executive Kevin Mayer As Consultant
By Jessica Lerner Discovery Inc. has reaffirmed its commitment to its direct-to-consumer business. The company has brought on former top Walt Disney Co. executive Kevin Mayer to consult on the future of streaming at the company, CEO David Zaslav said during...
Chewy CEO Hints at Future Brick and Mortar Locations – It’s a Potential Cat-astrophe
Angela Palumbo In a recent interview with Fortune, Chewy Inc. (CHWY) CEO Sumit Singh did not deny the possibility of the company opening retail locations in the future. This could potentially be a poor decision on the company's part. When asked why Chewy does not...
Twitter advertising fends off privacy issues plaguing other social-media companies
By: Denny Jacob Good news is always worth advertising. Twitter Inc. (TWTR) said its advertising side of the business is on solid footing even as other social-media companies deal with stiff headwinds related to Apple Inc.’s recent privacy measures. One reason why...
Investment Journal
Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.