Text size Drew Angerer / Getty Images An old bull in Beyond Meat stock cut its Buy-to-Sell equivalent rating, bypassing Hold and joining most Wall Street analysts who are lukewarm or cold toward the fake meat startup. Analysts do not usually downgrade stocks. Stocks are usually down one notch at …
Read More »Here’s the impact on revenue Facebook will take when Diageo and Starbucks join the list of companies pulling ads from the platform.
Facebook shares fell in pre-market trading on Monday, after Diageo and Starbucks became the latest companies to stop advertising on social media platforms for ineffective surveillance of hate speech. Shares of the social networking company FB, -2.48%, which operates Instagram and WhatsApp, in addition to its eponymous platform, fell more …
Read More »European stocks fight for profit amid continued concerns over US virus
European stocks struggled for direction when a new week began on Monday, and investor focus remained on rising US coronavirus infection rates. Yielding past gains, the Stoxx Europe 600 SXXP Index, -0.01% it held steady at 358.09, after a 1.9% drop last week. The German DAX + 0.40% rose 0.2%, …
Read More »“The trip will never be the way it was,” says Airbnb CEO
“ “The journey will never be the way it was before COVID.” “ That’s the grim view of Airbnb Inc. co-founder and CEO Brian Chesky in an interview published Sunday by Axios. “I will return to say that the trip will never be as it was before COVID. It just …
Read More »The auto industry is still chasing Tesla. Just ask Mercedes and Nvidia.
Text size A driverless car is on display in the Mercedes hall Boris Roessler / DPA / AFP via Getty Images Earlier this week, the Daimler Mercedes brand announced a partnership with graphics chip giant Nvidia to build the world’s first “software defined vehicles”. It’s a bold claim, and one …
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