Description: The town is mad about the studio’s decision to put movies on HBO Max and in theaters at the same time. But with a telecom giant running an entertainment company, things were bound to get weird. Source: NYTimes.com Date: Dec 08, 2020 Link: https://www.nytimes.com/2020/12/08/business/media/hbo-max-subscribers-att-box-office-losses.html Questions for discussion: How is the traditional distribution model changing?… Read more »
Posts Categorized: Part 5 Managing Technology and Information
We’re well-positioned to get through the pandemic: Roots CEO
Description: Meghan Roach, president and CEO of Roots, joins BNN Bloomberg to discuss the company’s latest quarter, which saw a 40 per cent surge year-over-year in its e-commerce sales. She says that they were able to shift to relying heavily on the e-commerce part of the business pretty seamlessly when COVID-19 hit. She also says… Read more »
U.S., States Poised to Sue Facebook for Monopoly Abuse
Description: Facebook Inc. will soon be hit by federal and state antitrust lawsuits accusing the social media giant of abusing its dominance and thwarting competition, according to three people familiar with the matter. Source: Bloomberg.com Date: Dec 07, 2020 Link: https://www.bloomberg.com/news/articles/2020-12-07/u-s-states-poised-to-sue-facebook-for-monopoly-abuse?srnd=markets-vp Questions for discussion: What does the report say about why FB is a target of… Read more »
About 150 Cadillac dealers take GM buyouts rather than invest in EVs
Description: DETROIT – About 150 General Motors dealers have accepted buyouts and will stop selling Cadillacs as the Detroit automaker pivots the luxury brand to lead its all-electric vehicle efforts, a person familiar with the details confirmed to CNBC. Source: CNBC.com – video report Date: Dec 05, 2020 Link: https://www.cnbc.com/2020/12/04/about-150-cadillac-dealers-take-gm-buyouts-rather-than-invest-in-evs.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Explain why some dealerships… Read more »
Amazon says this year’s holiday shopping period has been the biggest in its history
Description: Amazon said Tuesday that this year’s holiday shopping season has been the biggest in its history, as the coronavirus pandemic forced more people than ever to do their shopping online. Source: CNBC.com Date: Dec 01, 2020 Link: https://www.cnbc.com/2020/12/01/amazon-announces-black-friday-cyber-monday-2020-results.html?&qsearchterm=amazon Questions for discussion: How well is Amazon doing these days? What explains this performance? Do you think… Read more »
BlackBerry surges most ever on Amazon auto collaboration
Description: BlackBerry Ltd. surged the most since 2015 after the company signed a multiyear agreement with Amazon Web Services to develop and market its “Intelligent Vehicle Data Platform,” called IVY. Source: BNNBloomberg.com – video report Date: Dec 02, 2020 Link: https://www.bnnbloomberg.ca/blackberry-surges-most-ever-on-amazon-auto-collaboration-1.1530116 Questions for discussion: Explain the explosive jump in share value? How does this deal with Amazon… Read more »
US telemedicine users will surpass 40 million this year
Description: This year, 41.7 million adults in the US will use telemedicine, representing 98.8% growth from a year prior, according to our latest estimates. Source: eMarketer.com Date: Nov 30, 2020 Link: https://www.emarketer.com/content/us-telemedicine-users-will-surpass-40-million-this-year?ecid=NL1001 Questions for discussion: What does the report say about the growth of telemedicine usage? How can this approach to medical service be better… Read more »
Zoom investors are looking to a post-pandemic 2021 even with current growth at over 300%
Description: Zoom is poised to show another monster quarter when it reports results on Monday, with sales growth expected to top 300% for a second straight period. Source: CNBC.com – video report Date: Nov 29, 2020 Link: https://www.cnbc.com/2020/11/29/zoom-investors-look-to-post-pandemic-2021-even-with-big-q3-expected.html Questions for discussion: Explain the relationship of Zoom stock price to news releases about Covid-19 vaccines. What does… Read more »
Restaurant tech start-up Toast soars to $8 billion valuation seven months after cutting half its staff
Description: Toast, a start-up that sells software to help restaurants with online ordering, has had a rollercoaster of a year managing through the pandemic. Of late, business has been booming, Source: CNBC.com – video report Date: Nov 24, 2020 Link: https://www.cnbc.com/2020/11/23/restaurant-tech-start-up-toast-worth-8-billion-in-employee-share-sale.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: Explain the changing environment facing the firm. Do you think it can sustain… Read more »
E-commerce growth will continue long after we have a vaccine: Shopify president
Description: Harley Finkelstein, president of Shopify joins BNN Bloomberg to discuss how the company has navigated COVID-19, and how more businesses are jumping on the platform. He says that when it comes to retail, the pandemic has accelerated a change we have all been anticipating for a while now. The Canadian tech darling saw revenue… Read more »
