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Thread: Business news 2020

  1. #31
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    YouTube's ad revenue in 2019 was 36% higher than in 2018. It was 86% higher than in 2017. Think about that the next time you want to watch a Taylor Swift video and have to sit through several ads for Disney, Hulu, Samsung, Geico, AT&T, Apple, Amazon and dFord Mustang.

    Google just revealed YouTube's ad revenue. The video site brought in $15 billion last year – $28,822 per minute.

    https://www.businessinsider.com/yout...reakout-2020-2

  2. #32
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    In 1976, President Gerald Ford officially recognized February as Black History Month in 1976. He called upon the public to "seize the opportunity to honor the too-often neglected accomplishments of black Americans in every area of endeavor throughout our history." Black History Month has been observed every year since. Apparently we're not supposed to care about black history during the other 11 months of the year. Anyway, some schmuck at Barnes & Noble decided it would be a good idea to "celebrate diversity" by printing famous novels with new covers. A black Juliet. A black Captain Ahab. A black Frankenstein monster. Wow. The Twitterverse is not amused:

    https://twitter.com/PublishersWkly/s...30023347122178

    'Apologize for this racist idea': Barnes & Noble faces backlash over 'disgusting' book covers

    https://www.aol.com/article/news/202...vels/23919386/

  3. #33
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    Three months ago, Daimler and Audi cut nearly 20,000 jobs amid falling sales and the increasing cost of electric car production. Trade wars and Brexit also hurt sales and drove up costs. And.....here comes another round of layoffs:

    Mercedes-Benz parent company Daimler is preparing to lay off 15,000 workers as it tries to adapt to electric cars

    https://www.businessinsider.com/merc...layoffs-2020-2

  4. #34
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    A federal judge rejected the argument of Attorneys General from 13 states and DC that the merger would lead to fewer telecom choices and higher prices. I think the Attorneys General are right and the judge is wrong. If the.......oh wait, I'm getting another robocall. When are the telecom companies going to put a stop to these annoying calls?

    T-Mobile, Sprint $26.5 billion merger cleared after federal judge rejects challenge from states

    https://www.msn.com/en-us/money/comp...tes/ar-BBZSREO

    What the Sprint and T-Mobile merger means for you

    https://www.nytimes.com/2020/02/11/b...explained.html

  5. #35
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    Who knew a cloud contract cancellation could concurrently cause a clearly calamitous, costly catastrophe for Microsoft? (Yes, I like alliteration. Can you tell?)

    Microsoft sees $17 billion of market value erased in just 5 minutes after a judge grants Amazon's request to block a key cloud contract
    Business Insider, Feb 13 2020 3:54 PM ET

    A federal judge today approved a motion by Amazon to have the Defense Department suspend work on the JEDI cloud contract Microsoft won last year. The move erased $17 billion from the technology giant's market capitalization in just a few minutes. Microsoft won the contract over Amazon last year in a surprise upset. After the loss, Amazon challenged the decision by the Pentagon, accusing the agency of "clear deficiencies, errors and unmistakable bias" against the company.

    https://www.businessinsider.com/micr...ontract-2020-2

  6. #36
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    Our vain, pompous, narcissistic, egotistical, self-centered President likes to take sole credit when the economy is good and new jobs are created. Funny thing, though, he never assumes any blame or responsibility for bankruptcies, store closures and job losses.

    Nearly 1,800 retail employees lost their jobs at 4 major companies this week – and it shows the great retail shakeout is far from over

    https://www.businessinsider.com/reta...ntinues-2020-2

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