1114 days ago
Samsung Electronics expressed its concerns regarding the semiconductor shortage. The Seoul-based company believes that the shortfall could seriously impact the economic recovery from the pandemic. The return to a normal volume of production may take long than expected, and we should not expect massive improvements before the second part of the year.
1115 days ago
Stripe has officially surpassed Elon Musk's SpaceX as the most valuable private start-up. The multi-corn is now valued at $95 billion after having raised an additional $600 million. For reference, Facebook's valuation before going public was $83 billion. The funny part is that Elon Musk is also Stripe investor: the man always win.
1116 days ago
You guessed it, Match Group's Tinder remains on the top of the charts in the US, at least for paying users. Bumble, the app which allows women to initiate the conversation, follows in second place.
1116 days ago
Nintendo has seen success in its Switch hardware sales; sales that have not depreciated in recent quarters. The company recorded a record year and forecasts more sales to come. The Switch and Switch Lite continue to sell well, due in part to poor supply of Sony Corp.’s PlayStation 5 and Microsoft Corp.’s Xbox Series X released in November. Source: Bloomberg
1119 days ago
JD.com Inc. slid Friday after the Chinese online retail giant flagged to investors it may sustain spending on logistics and new initiatives to continue riding the country’s online commerce boom. The company reported a higher-than-expected 31% jump in December quarter revenue. The strong results means JD has a “strong foundation for investments in a range of growth opportunity,” Chief Financial Officer Sandy Ran Xu told analysts on Thursday. JD.com remains ahead of Alibaba in percentage returns this year as seen in the graph. Source: Bloomberg
