Dropbox beat expectations but saw stock slide

Dropbox dropping On Thursday, Dropbox gave their quarterly report, delivering figures of revenue and earnings that beat expectations. However, shares still dropped for the tech company. In fact, on Friday, Dropbox’s stock dropped almost eight percent and COO Dennis Woodside announced that he will be stepping down. JMP Securities Analyst Greg McDowell explains that the […]
  • Ben Norman
  • August 10, 2018
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Roku rolls out streaming service

Roku enters streaming industry Roku announced on Wednesday that their free streaming service, which is run through ads, is available on computers and mobile devices. Originally, the service – called The Roku Channel – was only available for those who had a Roku TV. The channel is not targeted at avid TV-viewers, as it does […]
  • Ben Norman
  • August 10, 2018
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Walmart is testing automated carts

Self-driving carts Walmart announced on Friday that it will test automated carts in order to speed up online grocery orders. The supermarket giant revealed that its location in Salem, New Hampshire will now feature self-driving carts that move down aisles, picking out groceries for online orders. This is an attempt to speed up the process […]
  • Ben Norman
  • August 6, 2018
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Apple reaches $1 trillion

That’s a lot of zeroes On Thursday, Apple officially became the first American public company to reach $1 trillion in value. Their stock rose over $207 on the day, allowing the company to cross that milestone. Apple’s shares jumped on Wednesday after their earnings report exceeded expectations, which caused the climb. This stems from the […]
  • Ben Norman
  • August 3, 2018
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Brookstone files for bankruptcy

Bankrupt Brookstone Technology and furniture retailer Brookstone announced on Thursday that it will file for Chapter 11 bankruptcy. The company reported that it will close all of its mall stores but will keep its airport locations. Brookstone is still looking for a buyer and has received a $30 million loan to operate while it waits. […]
  • Ben Norman
  • August 3, 2018
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Amazon beats Q2 expectations

Amazon continues to dominate Amazon exceeded investors’ expectations in the second quarter, causing their stock to jump almost four percent on Thursday. In fact, Amazon more than doubled analysts’ forecasts last quarter. They posted a $2.5 billion profit, $52.9 billion in revenue, and $5.07 per share. In fact, there’s a chance that Amazon might double […]
  • Ben Norman
  • July 27, 2018
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Walmart will test self-driving cars

Waymart? Walmart revealed Wednesday that their location in Chandler, Arizona will feature self-driving cars that lead customers to and from the store. When customers buy groceries online, a Waymo self-driving car will be sent to pick them up and then take them to the Chandler Walmart. Then, an employee will bring their groceries to the […]
  • Ben Norman
  • July 25, 2018
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Hasbro bounces back from underperformance

Hasbro avoiding turning into a has-been? Ever since Toys “R” Us closed, Hasbro has been struggling to generate sales and keep their profit margins up. However, in Q2 of this year, the toy manufacturer may have turned over a new leaf. Sales were still down by 7 percent last quarter, but they still exceeded expectations […]
  • Ben Norman
  • July 23, 2018
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Walmart will launch streaming service on Vudu

Can Walmart compete with Amazon? Walmart announced this week that they will launch their own streaming service, through Vudu, to compete with Amazon and Netflix. Vudu is a Walmart-owned platform that allows consumers to purchase and watch videos and television shows — it’s essentially like a video store in your home.  But now, they want […]
  • Ben Norman
  • July 23, 2018
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