Best Buy
Best Buy wants to reduce their physical footprint to focus on delivery. But will it pay off?
By: Francisco Velasquez Best Buy Co.
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Heard on the Street
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.
Earnings
Uber Seeks to Cut Prices With New Pool Rides
By Angel Adegbesan Uber Technologies Inc. launched a new carpooling feature for its rideshare platform as a way to recover from increases in costs of rides.
Company Insights
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.
Beyond Meat
Beyond Meat’s Partnership with McDonald’s is the Gamechanger the Company Needs Right Now.
Beyond Meat’s new deal with fast-food giant McDonald’s could boost the plant-based meat company and help promote the entire industry.
Company Insights
Starbucks’ massive wage hikes are poorly timed despite a labor shortage
Starbucks Corp. (SBUX) is moving fast to get ahead of the labor shortage afflicting restaurants nationwide.
Heard on the Street
Pinterest could become the best video e-commerce platform
By Olivia Morley If its new video strategy works, Pinterest could be the best at marrying video with e-commerce, at scale.
Earnings
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.
Company Insights
In keeping booze ban, American Airlines sides with flight attendants
Pat Elliott One of the earliest precautions airlines took when COVID-19 struck the United States was cutting off in-flight food and beverage service.
Heard on the Street
Uber’s Plan to Offer Tesla Rentals Is Full of Hot Air
By Angel Adegbesan Uber’s decision to rent electric vehicles from Hertz rental company is all hype and investors were right not to buy into it.
Company Insights
Uber’s sustainable future is a long way off
By Jo Constantz While Uber has declared itself “on the road to zero emissions,” that road apparently has no end in sight.
Company Insights
Uber’s $3 billion Didi loss highlights the risk of international stakes
By Jo Constantz Uber Technologies Inc. recorded a $3.2 billion loss on its stake in Didi Chuxing Technology Co.