Shares of Rivian Automotive Inc. tumbled 16.3% toward a record low in premarket trading Monday, after media reports that major shareholder Ford Motor Co. is planning to a large chunk of its stake in the electric vehicle maker. CNBC reported over the weekend that...
Continue ReadingShopify (NYSE: SHOP) bulls have had a tough year. Since releasing its first-quarter earnings report, Shopify has seen its price tumble 21%, and the stock is now down 77% from its high. Does that sell-off make Shopify a buy?...
Continue ReadingAt a glamorous corporate event, global media businesses seem unfazed by the recent humbling of Netflix...
Continue ReadingFirst, they have to invest in products, services, and infrastructure to provide useful goods and/or services for customers. Today, there are three household-name tech giants investing billions of dollars in massive projects that could pay off hugely in the future. Revenue was in line with guidance, but operating income declined year over year, as Amazon's costs soared in its e-commerce business...
Continue ReadingUgh. That's probably the best -- and most succinct -- summary of how things are going these days for Amazon.com (NASDAQ: AMZN) and Tesla (NASDAQ: TSLA) shareholders. Amazon stock is almost 40% below its 52-week high...
Continue ReadingIn many respects, companies in e-commerce have built their success in various regions. Amazon (NASDAQ: AMZN) has led the market in its native U.S. and much of the developed world. Still, regions in the developing world may require a different approach, allowing MercadoLibre (NASD...
Continue ReadingWhen it comes to tech stocks, mega-caps like Apple and Amazon tend to attract attention. Due to compelling products and exposure to the consumer space, one can understand this focus...
Continue ReadingA stock market crash and big losses for former high flyers has some people questioning their investments...
Continue ReadingE-commerce stocks have gotten smashed this earnings season. Normally reliable names like Amazon (NASDAQ: AMZN) and Shopify (NASDAQ: SHOP) have fallen sharply on earnings, with Amazon even reporting a modest decline in first-party sales...
Continue ReadingApple retail workers in Atlanta have released a statement in the aftermath of filing for a union election...
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