good natured expects to grow revenue in 2020 by 70-90% to $17-19M, after completing the acquisition of Shepherd Thermoforming, new contracts signed earlier this year, and a new COVID-19 line. [more]
Airlines tighten belts to cut expenses as revenue plummets; Casinos bide their time until they can re-open; and Concert Facilities & Sporting Events go silent. [more]
Shopify, Netflix, Roku, Peloton, Etsy, and Pinterest book Y/Y revenue gains in 28%-60% range but some are still not profitable. [more]
All have different opinions as the COVID-19 pandemic has driven different strategies from CEOs of various investment firms including Berkshire Hathaway, Apollo, Pershing Square, and BlackRock, and research firm Rosenberg Research & Associates. [more]
Last week, technology companies reported financial performances of their cloud businesses, including Amazon, Microsoft, and Google with cloud revenues of $12.3B, $10.2B, and $2.8B, respectively. [more]
This past week, the tech companies that dominate online reported Q1 earnings, including companies Alphabet, Amazon.com, Apple, Facebook, and Microsoft. Google and Microsoft saw an increased demand for cloud services and enterprise offerings but reduced online advertising sales. [more]
Foodora announces closing of its Canadian arm and files for bankruptcy, however, its parent company, Delivery Hero SE, a Berlin-based food delivery company, reported revenue growth of 92% in Q1/2020. [more]
In light of the Covid-19 lock-downs, consumers are saturating the internet for streaming services, but the network structures currently in place do not have the capability to handle the high congestion, especially in low bandwidth areas. [more]
Amazon, DoorDash, and Blue Apron, are experiencing high volumes of demand for deliveries as countries lock down communities due to the Covid-19 virus. [more]
With most stocks plummeting as the coronavirus spreads, here are a few stocks that closed higher today. [more]
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