Uber is confident about turning a profit in 2021. Khosrowshahi said that acquiring Postmates raised Uber’s chances of turning a profit next year.
On Tuesday, Snap stock gained 5.9% and closed at $24.81 with a market cap of $36.2 billion. The stock rose following reports that the US might ban TikTok.
Microsoft (NASDAQ:MSFT) is in talks to acquire Warner Bros’ gaming unit. Microsoft hopes that the gaming unit will supercharge its Xbox business.
Walmart (NYSE:WMT) has been gearing up to launch its competitor to Amazon’s Prime membership program. Walmart+ will launch later this month.
Google (NASDAQ:GOOGL)(NASDAQ:GOOG) has landed a large cloud computing deal with Deutsche Bank—Germany’s largest lender.
Growing interest in bitcoin and cryptocurrencies should drive Square’s bitcoin trading service adoption and attract more investors to the stock.
The Trump administration might place a total ban on TikTok and other Chinese social apps in the US, according to US Secretary of State Mike Pompeo.
China seems to be doing better than the US in taming the coronavirus. With that in mind, investors are piling into China stocks.
Wall Street analysts expect Spotify to report an adjusted EPS of -$0.33 on total revenue of $1.93 billion in the second quarter of 2020.