The Challenges Faced by Direct-to-Consumer Companies The direct-to-consumer boom is coming to an end. A once-bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three years later, most of those direct-to-consumer, or DTC, companies still struggle with profitability. “It’s that profitability angle now that…
Shares of Boeing fall after FAA orders temporary grounding of Boeing 737 Max 9 aircraft Introduction Shares of Boeing fell in premarket trade Monday, as markets digested the news that the Federal Aviation Administration had ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. The Federal Aviation Administration on Saturday said around…
BP Reports Steep Fall in Profits, Missing Analyst Estimates London-based oil major BP has reported a significant year-on-year decline in profits, failing to meet analyst expectations. Third Quarter Performance In the third quarter, BP recorded an underlying replacement cost profit, used as a proxy for net profit, of $3.293 billion. This marks a decrease from…
X Introduces New Premium+ and Basic Tiers for Subscriptions X, formerly known as Twitter, is introducing two new tiers for its subscription offering in order to bring in additional revenue. The social media giant is adding a new Premium+ tier that costs $16 per month and offers the “largest reply boost” and removes ads from…
J&T Express Shares Fall 1.33% in Hong Kong IPO Introduction Shares of Indonesia’s J&T Express fell 1.33% when it went public on Friday. The logistics service provider traded at 11.84 Hong Kong dollars ($1.51) on Friday morning, after opening at HK$12. The HK$3.92 billion ($500 million) IPO is the second largest listing in Hong Kong…
J&T Express Shares Fall 1.33% in Hong Kong IPO Introduction Shares of Indonesia’s J&T Express fell 1.33% when it went public on Friday. The logistics service provider traded at 11.84 Hong Kong dollars ($1.51) on Friday morning, after opening at HK$12. The HK$3.92 billion ($500 million) IPO is the second largest listing in Hong Kong…
A Twitter Alternative Shutters as Competition Grows The grip Twitter, now called X, has on the market may be stronger than some believed. Unfortunately, that’s led to the first casualty among Twitter alternatives, as the startup Pebble (formerly T2), is shutting down. The Rise and Fall of Pebble The would-be small but engaged community on…
A Twitter Alternative Shutters as Competition Grows The grip Twitter, now called X, has on the market may be stronger than some believed. Unfortunately, that’s led to the first casualty among Twitter alternatives, as the startup Pebble (formerly T2), is shutting down. The Rise and Fall of Pebble The would-be X rival had grown a…
Huawei Launches New Products Including Electric Cars and Earbuds During a highly anticipated launch event, Chinese telecommunications and smartphone giant Huawei introduced several new products. Instead of revealing details about its new phone or advanced chip breakthrough, Huawei showcased its first sedan and a high-end SUV, alongside the launch of new wireless earbuds. Notably, the…
Apple Vision Pro: Get Ready for an Immersive App Experience While Apple’s famed Vision Pro headset is not available for purchase, the company is making sure that users get plenty of apps to use when they finally get it. The company said today that iPhone and iPad apps will show up on the visionOS’ App…
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