Business News Weekly ─ April 8, 2019
Airbnb wants to move Chinese millennial’s. There are more Chinese born between 1981 and 1986 than people of all ages in the US, 70% of them already own homes. Wow. That makes Chinese millennial’s especially attractive for a home sharing, and global companies are flocking to the screen.
Apple pulls plug on wireless charger, just another failure for Apple and it made a big deal out of this 18 months ago.
Apple takes on new digital arena. Apple has entered the streaming television arena. In the US there at least five distinct categories were companies are competing for user’s attention and money.
Amazon slashes prices at whole foods, this will affect more than 500 products and include a focus on groceries and meet. Apparently they’re trying to kill the high price image whole foods has in a very competitive grocery market.
“How tech unicorns are raking in” ─ from an article in the Wall Street Journal. The IPO class of 2019 is notable for big valuations, diverse business models and little to no profit. It’s amazing how these billion-dollar valuation of companies can get the big numbers with no profit
Lyft from their IPO, shares have skidded below. This may affect Uber’s planned offering in May.