Slack's stock falls 15% after first earnings report since going public
* Stories are summarized by an A.I.
* Companies mentioned: WORK, NTDOY, WMT, AAPL, AMZN, GOOG, Bellwether Coffee, WB, LULU, and NFLX
Slack's stock falls 15% after first earnings report since going public
WORK (Slack Technologies, Inc.) | CNN
Slack's honeymoon on Wall Street may officially be over. Slack WORK Shares off plunged 15% in after-hours trading Wednesday following the company's first earnings report as a public company. Slack reported revenue of $145 million in the quarter, an increase of 58% from the same period a year earlier. Its revenue in the most recently completed quarter would have been even higher if not for some lengthy service outages . Slack said Wednesday that its results were hurt by $8.2 million of credits from the service disruptions during the quarter.
Read More
Nintendo Switch Online gets SNES games September 5, plus new SNES controllers
NTDOY (Nintendo Company Ltd ADR) | Tech Crunch
Nintendo Switch Online, the subscription-based online services component of Nintendo’s Switch console, will get SNES games starting on September 5 — yes, that’s right, the first games are available to play tomorrow. There are 20 games available initially, with more planned in the future. We got a strong indication that this was happening earlier this month, thanks to an FCC filing that detailed the SNES controller hardware. Nintendo likewise released an NES controller alongside its launch of the Nintendo Online Service when it debuted last year. The best part about this surprise drop is that it’s available basically right now — check your Nintendo Online app on your Switch tomorrow to begin playing these nostalgic gaming classics.
Read More
DId Walmart just change the gun debate?
WMT (Walmart Inc.) | CNN
The gun debate in this country is, in a word, stagnant. (The move came in reaction, at least in part, to 20 people being murdered at a Walmart in El Paso last month.) Given our decades of experience selling firearms, we are also offering to serve as a resource in the national debate on responsible gun sales." (Walmart follows Dick's Sporting Goods in announcing its decision to curtail gun and ammunition sales in some of its stores .) Is it possible that Walmart's move doesn't change minds within the Republican conference in Congress about what they can be for in terms of gun control measures?
Read More
Apple: Small Can Be Big
AAPL (Apple Inc.) | Seeking Alpha
2016 seems like a lifetime ago in the smartphone market, but it was the spring of that year when technology giant Apple (AAPL) released the iPhone SE. On Wednesday, we received a report from Nikkei that Apple was planning a new iPhone SE type device to launch next year in an effort to help slumping sales. (Source: gsmarena for iPhone SE, iPhone 8, iPhone XR)Now, a new SE type device isn't going to start at $749 like the iPhone XR, but that's also not the crowd Apple will be targeting. With unit sales struggling and some consumers liking this form factor, an upgraded small screen phone could be a hit and help Apple to meet expected growth for revenues and earnings in fiscal 2020. A decent spec phone at a reasonable price could help Apple in all markets, which would allow it to also sell more services and accessories.
Read More
One-Day Shipping Could Boost Amazon's Stock by 50%
AMZN (Amazon.com Inc.) | The Motley Fool
Amazon had been offering two-day (or faster) shipping to subscribers for years, but said it would offer one-day shipping on 100 million of its most popular items that were previously delivered within two days. Amazon is expected to roll out Prime one-day shipping to most of the U.S. within one year and across its global customer base within two to three years. Feeding the bullsRBC analyst Mark Mahaney recently completed a "deep-dive analysis" and believes that one-day shipping will be a catalyst that will accelerate global adoption of Amazon Prime. Mahaney also believes one-day delivery will increase Amazon's flywheel effect related to Fulfillment by Amazon (FBA) and Shipping with Amazon (SWA). It's still early days for Amazon's faster shipping service, as the company continues to expand the number of zip codes and products eligible for one-day delivery.
Read More
How YouTube is tweaking what its kid viewers see
GOOG (Alphabet Inc.) | PBS
Younger kids commonly watch videos on YouTube, and many popular YouTube channels feature cartoons or sing-a-longs made for children. Changes on YouTube KidsGoogle already gets parental consent for its kids-focused service, YouTube Kids. On Wednesday, kids-focused pages on YouTube’s main service had pop-ups suggesting YouTube Kids. YouTube Kids similarly does not offer behavioral ads targeted at individuals, but it does collect some basic viewer information to recommend videos. Those who consider the settlement too weak are already concerned about what happens when video creators try to cheat the new system.
Read More
Bellwether Coffee, ‘the fastest-growing company in coffee,’ raises $40M Series B
Bellwether Coffee | Tech Crunch
There’s an arms race in retail to produce better coffee, and one startup, Bellwether Coffee, thinks it has the solution for retailers to sell the very best beans. The business, headquartered in Berkeley, is today announcing a $40 million Series B financing led by DBL Partners and SolarCity co-founders Peter and Lyndon Rive. The round brings its total funding to $56 million, including a $10 million Series A last summer. Purchase of a roaster, which are sold for $75,000 or leased for $1,000 per month, comes with access to an online marketplace for coffee beans. The company is also backed by FusionX, Congruent Ventures, Coffee Bell, Tandem Capital, Spindrift Equities, XN Ventures, Balius Partners and Hardware Club.
Read More
Weibo Expands Its Ecosystem With an Instagram Clone
WB (Weibo Corporation) | The Motley Fool
Weibo (NASDAQ:WB) this week launched Oasis, a new social media app that resembles a hybrid between Facebook's (NASDAQ:FB) Instagram and Pinterest (NYSE:PINS), to a limited group of test users. Like Instagram, Oasis lets users edit their photos and videos with filters and promote their posts with hashtags. Instagram, Pinterest, and RED all evolved into "social shopping" platforms with shoppable posts, but Weibo's core social platform -- which is often compared to Twitter -- still lacks native e-commerce features. Therefore, Oasis could differentiate Weibo's live-video platform and diversify its revenue away from virtual gifts. The initial reviews for Oasis are positive, and there are plenty of ways for Weibo to monetize the platform.
Read More
Lululemon Q2 Earnings Preview: Report Thursday After The Bell
LULU (lululemon athletica inc.) | Zacks
Lululemon (LULU - Free Report) has been on an absolute tear for the past 2 years, with its share price appreciating almost 200% and year-to-date growth of 48.5%. LULU analysts have been progressively optimistic about this stock with robust double-digit topline growth estimated over the next few years along with ballooning margins.Top competitors include Nike (NKE - Free Report) , Adidas (ADDYY - Free Report) , and Under Armor .
Read More
Netflix Pricing Power Capped By Competition
NFLX (Netflix Inc.) | Seeking Alpha
Netflix revolutionized content consumption, ushering in the era of streaming content; its position as market leader has led to a massive market capitalization and enthusiastic growth expectations. That is a rather bizarre position for any media company to find itself facing, let alone a media company with a $126 billion market capitalization. The Limits Of The PossibleFundamentally, Netflix lacks bargaining power as a streaming content platform. Subscriber growth is bound to slow dramatically as Netflix faces real competition in streaming for the first time." With its pricing effectively capped by the presence of credible alternatives, Netflix cannot hope to sustain either its breakneck spending or its eye-watering market capitalization.
Read More
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* Companies mentioned: WORK, NTDOY, WMT, AAPL, AMZN, GOOG, Bellwether Coffee, WB, LULU, and NFLX
Slack's stock falls 15% after first earnings report since going public
WORK (Slack Technologies, Inc.) | CNN
Slack's honeymoon on Wall Street may officially be over. Slack WORK Shares off plunged 15% in after-hours trading Wednesday following the company's first earnings report as a public company. Slack reported revenue of $145 million in the quarter, an increase of 58% from the same period a year earlier. Its revenue in the most recently completed quarter would have been even higher if not for some lengthy service outages . Slack said Wednesday that its results were hurt by $8.2 million of credits from the service disruptions during the quarter.
Read More
Nintendo Switch Online gets SNES games September 5, plus new SNES controllers
NTDOY (Nintendo Company Ltd ADR) | Tech Crunch
Nintendo Switch Online, the subscription-based online services component of Nintendo’s Switch console, will get SNES games starting on September 5 — yes, that’s right, the first games are available to play tomorrow. There are 20 games available initially, with more planned in the future. We got a strong indication that this was happening earlier this month, thanks to an FCC filing that detailed the SNES controller hardware. Nintendo likewise released an NES controller alongside its launch of the Nintendo Online Service when it debuted last year. The best part about this surprise drop is that it’s available basically right now — check your Nintendo Online app on your Switch tomorrow to begin playing these nostalgic gaming classics.
Read More
DId Walmart just change the gun debate?
WMT (Walmart Inc.) | CNN
The gun debate in this country is, in a word, stagnant. (The move came in reaction, at least in part, to 20 people being murdered at a Walmart in El Paso last month.) Given our decades of experience selling firearms, we are also offering to serve as a resource in the national debate on responsible gun sales." (Walmart follows Dick's Sporting Goods in announcing its decision to curtail gun and ammunition sales in some of its stores .) Is it possible that Walmart's move doesn't change minds within the Republican conference in Congress about what they can be for in terms of gun control measures?
Read More
Apple: Small Can Be Big
AAPL (Apple Inc.) | Seeking Alpha
2016 seems like a lifetime ago in the smartphone market, but it was the spring of that year when technology giant Apple (AAPL) released the iPhone SE. On Wednesday, we received a report from Nikkei that Apple was planning a new iPhone SE type device to launch next year in an effort to help slumping sales. (Source: gsmarena for iPhone SE, iPhone 8, iPhone XR)Now, a new SE type device isn't going to start at $749 like the iPhone XR, but that's also not the crowd Apple will be targeting. With unit sales struggling and some consumers liking this form factor, an upgraded small screen phone could be a hit and help Apple to meet expected growth for revenues and earnings in fiscal 2020. A decent spec phone at a reasonable price could help Apple in all markets, which would allow it to also sell more services and accessories.
Read More
One-Day Shipping Could Boost Amazon's Stock by 50%
AMZN (Amazon.com Inc.) | The Motley Fool
Amazon had been offering two-day (or faster) shipping to subscribers for years, but said it would offer one-day shipping on 100 million of its most popular items that were previously delivered within two days. Amazon is expected to roll out Prime one-day shipping to most of the U.S. within one year and across its global customer base within two to three years. Feeding the bullsRBC analyst Mark Mahaney recently completed a "deep-dive analysis" and believes that one-day shipping will be a catalyst that will accelerate global adoption of Amazon Prime. Mahaney also believes one-day delivery will increase Amazon's flywheel effect related to Fulfillment by Amazon (FBA) and Shipping with Amazon (SWA). It's still early days for Amazon's faster shipping service, as the company continues to expand the number of zip codes and products eligible for one-day delivery.
Read More
How YouTube is tweaking what its kid viewers see
GOOG (Alphabet Inc.) | PBS
Younger kids commonly watch videos on YouTube, and many popular YouTube channels feature cartoons or sing-a-longs made for children. Changes on YouTube KidsGoogle already gets parental consent for its kids-focused service, YouTube Kids. On Wednesday, kids-focused pages on YouTube’s main service had pop-ups suggesting YouTube Kids. YouTube Kids similarly does not offer behavioral ads targeted at individuals, but it does collect some basic viewer information to recommend videos. Those who consider the settlement too weak are already concerned about what happens when video creators try to cheat the new system.
Read More
Bellwether Coffee, ‘the fastest-growing company in coffee,’ raises $40M Series B
Bellwether Coffee | Tech Crunch
There’s an arms race in retail to produce better coffee, and one startup, Bellwether Coffee, thinks it has the solution for retailers to sell the very best beans. The business, headquartered in Berkeley, is today announcing a $40 million Series B financing led by DBL Partners and SolarCity co-founders Peter and Lyndon Rive. The round brings its total funding to $56 million, including a $10 million Series A last summer. Purchase of a roaster, which are sold for $75,000 or leased for $1,000 per month, comes with access to an online marketplace for coffee beans. The company is also backed by FusionX, Congruent Ventures, Coffee Bell, Tandem Capital, Spindrift Equities, XN Ventures, Balius Partners and Hardware Club.
Read More
Weibo Expands Its Ecosystem With an Instagram Clone
WB (Weibo Corporation) | The Motley Fool
Weibo (NASDAQ:WB) this week launched Oasis, a new social media app that resembles a hybrid between Facebook's (NASDAQ:FB) Instagram and Pinterest (NYSE:PINS), to a limited group of test users. Like Instagram, Oasis lets users edit their photos and videos with filters and promote their posts with hashtags. Instagram, Pinterest, and RED all evolved into "social shopping" platforms with shoppable posts, but Weibo's core social platform -- which is often compared to Twitter -- still lacks native e-commerce features. Therefore, Oasis could differentiate Weibo's live-video platform and diversify its revenue away from virtual gifts. The initial reviews for Oasis are positive, and there are plenty of ways for Weibo to monetize the platform.
Read More
Lululemon Q2 Earnings Preview: Report Thursday After The Bell
LULU (lululemon athletica inc.) | Zacks
Lululemon (LULU - Free Report) has been on an absolute tear for the past 2 years, with its share price appreciating almost 200% and year-to-date growth of 48.5%. LULU analysts have been progressively optimistic about this stock with robust double-digit topline growth estimated over the next few years along with ballooning margins.Top competitors include Nike (NKE - Free Report) , Adidas (ADDYY - Free Report) , and Under Armor .
Read More
Netflix Pricing Power Capped By Competition
NFLX (Netflix Inc.) | Seeking Alpha
Netflix revolutionized content consumption, ushering in the era of streaming content; its position as market leader has led to a massive market capitalization and enthusiastic growth expectations. That is a rather bizarre position for any media company to find itself facing, let alone a media company with a $126 billion market capitalization. The Limits Of The PossibleFundamentally, Netflix lacks bargaining power as a streaming content platform. Subscriber growth is bound to slow dramatically as Netflix faces real competition in streaming for the first time." With its pricing effectively capped by the presence of credible alternatives, Netflix cannot hope to sustain either its breakneck spending or its eye-watering market capitalization.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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