1071 days ago
A battery boom seems to be unfolding on the Old Continent, with the base index started at 100 in 2004 is now reaching 230 points. Indeed, an increasing number of European car manufacturers are gearing towards electric alternatives.
1071 days ago
The difficulty of getting chips is hitting Apple, BMW, Ford and many car and consumers electronics companies. The time between the ordering of a chip and receiving it keeps growing. Only for automakers, the total cost of the chip shortage could amount to $61 billion in lost sales this year, according to AlixPartners.
1071 days ago
Lyft is selling its self-driving unit, Level 5, to Toyota's subsidiary Woven Planet for $550 million. Toyota will pay $200 million upfront and the rest of the bill over 5 years.
1071 days ago
Advertising accounted for more than 80% of Alphabet's $55.3 billion revenue for the first quarter of 2021, with YouTube being one of the main growth driver. The YouTube ad revenue grew 49% year over year, up to $6 billion for the first quarter of 2021, setting on the path to reach $20 billion this year. With Netflix's revenue sitting at $7.1 billion for the same period, it makes YouTube's performance even more incredible, as the video-streaming service did not even include its subscriptions fees. We must also mention that YouTube does not have to pay for novel content, which is all user-generated. On the other hand, it is a heavy cost for Netflix. Different business models, different profit abilities.
1072 days ago
AMC Entertainment Holdings has seen its stock plunge on Tuesday, when the company announced its plan to offer millions of new shares. 43 million shares were filed with the SEC, but they are also thinking of selling 500 million additional shares, without asking the opinion of their shareholders. The stock price nevertheless gained over 300% in the past 6 months, vs a mere 23.5% for the S&P 500 index.
