Tag Archives: company

Twitter owner Elon Musk and the platform’s cofounder Jack Dorsey.Jim Watson/AFP via Getty Images Jack Dorsey said Twitter was defenseless against Elon Musk’s acquisition, per a data scientist. Emily Gorcenski said she exchanged messages with Twitter cofounder about Musk’s involvement. Dorsey said Twitter “should have never gone public” and that anyone could buy it, per Gorcenski. Jack Dorsey said Twitter had no defenses against Elon Musk acquiring the company in October, according to a data… Source link

Skiff cofounders Andrew Milich (left) and Jason Ginsberg (right) are building an end-to-end encrypted workplace suit. They met while planning a hackathon in Stanford. Skiff “Google, Amazon, and Facebook have sort of turned the private human experience into the raw material of the digital economy,” Skiff CTO Jason Ginsberg says. The world needs an alternative workspace suite to Google, says Dan Guido, a long-time user of Skiff, a private and end-to-end encrypted email provider. Now,… Source link

It’s been a crap year for stocks, with the overall market down 17%. At Carvana, the wheels came off. The online used-car merchant lost 97% of its value through Dec. 9, with the stock down a like amount. The company started the year an investor darling and ended as a bankruptcy possibility. For these reasons and more, Carvana is the Yahoo Finance Worst Company of 2022. When we choose our best company of the year—which this year is Costco—we assess financial performance, societal impact,… Source link

It’s been a crap year for stocks, with the overall market down 17%. At Carvana, the wheels came off. The online used-car merchant lost 97% of its value through Dec. 9, with the stock down a like amount. The company started the year an investor darling and ended as a bankruptcy possibility. For these reasons and more, Carvana is the Yahoo Finance Worst Company of 2022. When we choose our best company of the year—which this year is Costco—we assess financial performance, societal impact,… Source link

The Mark Cuban Cost Plus Drug Company is teaming up with EmsanaRx, a pharmacy benefit manager (PBM) focused on employer plans, to make lower-cost prescription drugs more accessible to patients through their employers. The program, EmsanaRx Plus, is described as “a standalone pipeline” for employers to supply drugs to employees through Cost Plus Drugs, an online pharmacy that offers more than 1,000 of the most in-demand generic medications at significantly marked-down prices. “Like Cost Plus… Source link

The shake-up at Warner Bros. Discovery (WBD) continues. On Friday, the media giant revealed prominent Discovery executives will be exiting the company — the latest in a slew of restructuring efforts as CEO David Zaslav doubles down on streamlining the debt-ridden business. Among the departures will be Nancy Daniels, who oversaw channels at Discovery, TNT, and TBS, along with Jane Latman, who led the company’s HGTV and Food Network divisions. Matthew Butler, who most recently oversaw content… Source link

Enlarge / The Waze user icons. We feel for ya, little blue Waze icon above the “W. Waze Is Waze in trouble at Google? The Wall Street Journal broke the news last night that Google is merging the 500-person Waze team into Google’s “Geo” division, aka Google Maps. Waze’s current CEO, Neha Parikh—who has only been at the helm since 2021 after the long-term CEO, Noam Bardin, quit Google—will step down after a… Source link

Citing the accomplishment by Costco Wholesale Corp. of keeping its prices competitive while boosting sales, Yahoo Finance has named the warehouse club operator its 2022 Company of the Year. “In a year of rampant inflation—not seen since the early 1980s—Costco  was a warm hug to millions of loyal members by keeping prices for everything from food to gasoline as low as possible, just as rivals were aggressively jacking up prices,” Yahoo… Source link

In a year of rampant inflation—not seen since the early 1980s—Costco (COST) was a warm hug to millions of loyal members by keeping prices for everything from food to gasoline as low as possible, just as rivals were aggressively jacking up prices. It also provided a warm hug to its fans on Wall Street, producing stellar results from sizable same-store sales increases to its stock price, which got the best of the S&P 500 (^GSPC) index. Not to mention its sales of $222.7 billion in the… Source link

The Board of Russian tech giant Yandex announced last Friday that it had “commenced a strategic process to review options to restructure the group’s ownership and governance”, citing “the current geopolitical environment.”  In particular, the Board confirmed that it would explore options “to enable the development of certain services (including the… Source link