Page 29 - Dan Primack News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Yves here. Hubert Horan continues his chronicle of the deterioration of Uber’s finances. And you can only blame so much on the pandemic. By Hubert Horan, who has 40 years of experience in the management and regulation of transportation companies (primarily airlines). Horan has no financial links with any urban car service industry competitors, investors or regulators, or any firms that work on behalf of industry participants Last Thursday, Uber announced a full year 2020 GAAP loss of $6.8 billion with a GAAP net margin of (-60%). As discussed in the context of the mid-year results presented...

Twitter reacts to Jeff Bezos news: Maybe he’ll open an indie bookstore or work to defeat Superman February 2, 2021 at 2:34 pm Sponsored by Geek Life: Fun stories, memes, rants, humor and other random items at the intersection of tech, science, business and pop culture. Amazon CEO Jeff Bezos in June 2019. (GeekWire Photo / Alan Boyle) The news Tuesday that Amazon founder Jeff Bezos would be stepping down from his role as CEO later this year drew a huge social media response, with a variety of users reacting to the development and offering up armchair analysis of what it all could mean for t...

GameStop-Gate: What Did Robinhood Do Exactly—and Why? | Opinion On 1/31/21 at 7:00 AM EST Quiet week? Never. Day traders took on the hedge funds over GameStop—and rattled the big guys, Wall Street and Congress. Meanwhile, the bad news on the economy continued. Sure, the number of folks filing first time unemployment claims dipped a bit. But the still-high level of claims remains freakin' bad. And there was more bad news. GDP contracted 3.5 percent in 2020, the biggest drop since 1946. Even the markets finished down for the week—the S&P 500 index slumped 3.3 percent. And...

It was rumored that RedBall Acquisitions was looking to buy up to a 25% stake in FSG, but couldn’t raise enough funds

This year promises to include everything from C-band deployments to a possible reset in US-China relations by President Biden. The future of the 5G industry is at stake.