Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%
Indicate by check mark whether the registrant is an emerging growth company as defined … Mudit Dube / NewsBytes : Apple invests over $1 billion to enhance satellite messaging capabilities CGTN : Apple...
Analysis: a basket of the top US streaming services will cost $87 per month this fall, vs. $73 a year ago; the average US cable TV package costs $83 per month
Subscribing to the top US streaming services will cost $87 this autumn, compared with $73 a year ago. Meanwhile the average cable TV package costs $83 a month. — This isn't sustainable and I expect...
Nearly half of online footwear, apparel, and accessories brands tracked by Coresight have expanded to physical stores due to rising digital advertising costs
Warby Parker planned to sell glasses online and shake up retailing. Now it's discovered the value of real stores—900 of them, in fact. LinkedIn: Daniel McCarthy and Amjad Ahmad . Mastodon: @carnage4l...
A profile of Duolingo, which has almost 15M DAUs, up 51% YoY, and 3.7M paying subscribers, as it expects its 2022 revenue to surpass $365M, up 45% from 2021
Bill Gifford / Bloomberg : Tweets: @trengriffin , @business , and @billgifford Tweets: Tren Griffin / @trengriffin : Is Doulingo fluent in unit economics? What's the CLV of a Duolingo subscriber? htt...
Online used car marketplace Carvana's stock hits an all-time low, closing down 13% to $7.05 on Monday; the company's stock is down 97% in 2022
Esha Dey / Bloomberg : Tweets: @trengriffin Tweets: Tren Griffin / @trengriffin : “We believe that Carvana will struggle to make a profit on vehicles previously purchased at high prices,” Argus Resea...
Dealogic: July 2022 was the first month in five years that no new SPACs raised money, after SPAC IPOs peaked in March 2021 with over $36B raised
Welcome, Sandbox friends. — Today's Daily discusses … Tweets: @wsjgraphics : SPAC activity reached the lowest level in five years in July https://www.wsj.com/... via @WSJ @amyssorrells : SPAC activi...
As some US tech investors and startups hunker down in the market downturn, others continue as normal; PitchBook: Q2's average deal sizes are at record levels
though most like to claim their own funds were able to sidestep the worst of the excesses” https://www.ft.com/... Myles Udland / @mylesudland : Fun to look at this chart and think about how the ventur...
A look at the rise and fall of Bird, now a penny stock with a public market cap under $160M, as valuations in the scooter and bike rental sector collapse
Almost exactly five years ago, the scooters came. That's when Bird, the first unicorn in this once sizzling startup sector, launched its inaugural scooter-sharing service. Tweets: @parismarx , @maxwe...
Apple reports record Q3 revenue of $83B, up 2% YoY, vs $82.8B est., net income down 11% to $19.4B, iPhone revenue up 3% to $40.7B, Mac revenue down 10% to $7.4B
people coming from Android - saw double-digit growth) Joanna Stern / @joannastern : “We didn't have enough product to test the demand,” Cook says of impact of inflation and other macroeconomic trends ...
Netflix, Amazon, Warner Bros., and others are cutting costs and scrapping TV shows at record rates; 559 scripted shows were released in 2021, up by 200+ on 2013
The sudden decline in Netflix's share price and the growing fear of a recession have forced Hollywood into a new period of fiscal austerity. Tweets: @ampressman , @trengriffin , @lucas_shaw , @carnage...