Times Square Investment Journal | A take on business from Times Square

Pinterest Hopes Late Investment in Video Content Creation Will Resuscitate its User Base

by Olivia Morley | December 30, 2021 | Corporate Strategy, News, Pinterest, Pinterest | 0 Comments

By Olivia Morley Pinterest Inc. wants its social network to be more social. After building its success on static image sharing, the company is investing in video and content creators who can lure interest from users and brands to compete with video-first competitors...

Starbucks’ hopes for a big pandemic recovery are in doubt as workers push back

by Brian Evans | December 30, 2021 | News | 0 Comments

Starbucks Corp. (SBUX) is raising its U.S minimum wage to $15 an hour in an effort to remain competitive with retail peers like Walmart Inc. (WMT) and Target Corporation (TGT). But six weeks after the October announcement, employees at one Buffalo, N.Y. store voted...

Chewy Focuses on Pet Health in an Attempt to Become More than Just a Pandemic Success Story

by Angela Palumbo | December 30, 2021 | Companies, Corporate Strategy, News, Retail, Stocks, Tech | 0 Comments

Angela Palumbo Michelle Dougherty from Houston, buys everything for her dog Zito through Chewy Inc. Not only does Dougherty buy Zito's food, pet pajamas and toys from Chewy, but she buys his prescription medication from there as well. “The site has a database...

The end of gig work? Inside Uber’s fight to preserve its DNA

by Jo Constantz | December 30, 2021 | News | 0 Comments

For Uber, the vanguard of the app-driven gig economy, regulation that classifies drivers as employees is an existential threat and the freedom afforded by its model is fundamental. By Jo Constantz Uber Technologies Inc. is facing tectonic shifts as governments around...

Uber Faces Competition and Steep Losses with the Expansion of Delivery Business

by Angel Adegbesan | December 29, 2021 | Corporate Strategy, News, Uber | 0 Comments

By Angel Adegbesan With five years experience as a gig driver, Kenneth Coghill has spent the last year and a half experimenting with supplementing his work driving customers where they want to go with delivering convenience items to homes and businesses. But the...

Best Buy is overhauling its stores to keep up with online deliveries. Will it be enough to take on Amazon and larger rivals?

by Francisco Velasquez | December 29, 2021 | Best Buy, Companies, Corporate Strategy, News, Retail | 0 Comments

By: Fran Velasquez Best Buy Co Inc. (BBY) is merging its in-store shopping experience with delivery as it scrambles to meet the rising demand for online shipping. The Minnesota-based electronics retailer began in March 2020 shifting its brick-and-mortar business...

Match Group meets the metaverse

by Natalie Peart | December 29, 2021 | News | 0 Comments

The online dating company has already been making inroads into building out its virtual spheres, beginning with the June acquisition of South Korea-based company, Hyperconnect. The $1.7 billion dollar deal gave Match Group two platforms, Azar and Hakuna. Azar offers a...

Tesla’s Cybertruck is facing a now-or-never moment

by Allison Nicole Smith | December 29, 2021 | Companies, Corporate Strategy, News, Tesla | 0 Comments

On a stage decked out with lasers, smoke machines, and techno music, Tesla debuted in 2019 a prototype of its much-anticipated Cybertruck. But a demonstration of the futuristic-looking electric truck’s “armor glass” went awry when two windows cracked after a steel...

Omicron variant puts American Airlines 2022 bounce back in peril

by Patrick Elliott | December 29, 2021 | News | 0 Comments

By Pat Elliott Dan Devine was planning on spending the holidays in New York City for his niece’s wedding, then Omicron hit. “The venue for my niece canceled so that was it.” Devine had no other reason to go on their trip and admits he certainly did not consider it...

Beyond Meat is Gambling that its Partnership with McDonald’s Could put the Company Back on a Growth Track

by Juliet Jeske | December 29, 2021 | Corporate Strategy, News | 0 Comments

Beyond Meat’s growth has gone from explosive to anemic and could collapse due to increased competition and lack of demand. Its strategy of partnering with much larger foodservice giants such as McDonald’s could help change the course for the company. Ethan Brown, a...

Best Buy wants to reduce their physical footprint to focus on delivery. But will it pay off?

by Francisco Velasquez | Nov 21, 2021 | 0 Comments

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

by Keira Wingate | Nov 21, 2021 | 0 Comments

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

by Denny Jacob | Nov 18, 2021 | 0 Comments

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

by Allison Nicole Smith | Nov 15, 2021 | 0 Comments

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 | Nov 15, 2021 | 0 Comments

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 | Nov 13, 2021 | 0 Comments

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 | Nov 12, 2021 | 0 Comments

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 | Nov 12, 2021 | 0 Comments

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

by Angela Palumbo | Nov 9, 2021 | 0 Comments

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 | Nov 8, 2021 | 0 Comments

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...

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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.

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