Molly Schuetz
BNN Bloomberg
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Past articles by Molly:
GameStop reports revenue decline amid broader gaming slump
GameStop posted an 8.5 per cent decline in sales in the third quarter amid a broad-based decline in game spending. → Read More
All the Terms You Need to Know in Elon Musk’s Takeover Fight With Twitter
Elon Musk is trying to take control of Twitter Inc., an effort Twitter is resisting. Exactly why Musk, the chief executive officer of Tesla Inc. and the world’s richest man, is fighting to buy the social media platform and take it private isn’t entirely clear, although he has long chafed at what he sees as excessive limits on expression on the social media platform. Also unclear to many: the… → Read More
GameStop jumps after Chairman Ryan Cohen boosts stake to 11.9%
GameStop Corp. rallied on Wednesday after Chairman Ryan Cohen bought 100,000 shares in the beleaguered video game retailer, boosting his stake to 11.9 per cent. → Read More
Instagram is pausing work on kids site after controversy
Facebook said it’s pausing work on rolling out its Instagram Kids site after the social networking company came under criticism for its negative effect on children, especially on teenage girls. → Read More
TikTok names ByteDance’s Chew as new CEO; Pappas named COO
TikTok, the popular short-video app, has named ByteDance Ltd. Chief Financial Officer Shouzi Chew as chief executive officer, filling the top leadership position after the departure of Kevin Mayer last year. Vanessa Pappas, who has served as interim head, has been named chief operating officer. → Read More
TikTok Names ByteDance’s Chew as New CEO; Pappas Named COO
TikTok, the popular short-video app, named ByteDance Ltd. Chief Financial Officer Shouzi Chew as chief executive officer, filling the top leadership position after the departure of Kevin Mayer last year. Vanessa Pappas, who has served as interim head, was named chief operating officer. → Read More
Apple ups U.S. investments over five years to US$430B
Apple Inc. is increasing its U.S. investments by 20 per cent over the next five years, allocating US$430 billion to develop next-generation silicon and spur 5G innovation across nine U.S. states, after outstripping its growth expectations during the pandemic. → Read More
Uber posts record month for rides on vaccine boost; stock rises
Uber Technologies Inc. said gross bookings last month were the highest in a year as vaccination rates increase in the U.S., encouraging more people to get out of their homes. → Read More
China asks Alibaba to sell media assets amid rising clampdown
The Chinese government has asked Alibaba Group Holding Ltd. to sell its media assets as officials are increasingly concerned about the technology giant’s growing influence over public opinion in the country, according to the Wall Street Journal. → Read More
AMC shares spike again, this time on months-old deal speculation
AMC Entertainment Inc., whose shares are a favorite of Reddit-inspired day traders, jumped on Thursday after the publication of a French translation of a months-old report speculating Amazon.com Inc. would buy the world’s biggest chain of movie theaters. → Read More
Zoom seeks to raise US$1.5B through new stock offering
Zoom Video Communications Inc. is seeking to raise $1.5 billion through a stock offering, capitalizing on surging demand for the video-conferencing platform during pandemic. → Read More
Slack service disrupted as people return to work after holidays
Thousands of people reported being unable to access their Slack accounts Monday, when workers headed back to the virtual office after the holidays. → Read More
Twitter says it won't let candidates claim victory themselves
Twitter Inc. said it will flag tweets from certain accounts, including those of presidential candidates, who claim an election victory before it’s officially called by two of seven media outlets. → Read More
Airbnb seeks to raise US$3B in December IPO, Reuters says
Airbnb Inc. is aiming to raise about $3 billion in an initial public offering targeted for December, Reuters reported Friday. → Read More
Amazon buys driverless car startup Zoox; terms undisclosed
Amazon.com Inc. is buying autonomous vehicle startup Zoox Inc., a move that could potentially help the e-commerce giant slash delivery costs and create a formidable opponent to ride-hailing and food-delivery companies. → Read More
Microsoft to close retail stores, taking US$450M charge
Microsoft Corp. said it will close its physical store locations permanently but will continue to invest in a digital storefront. → Read More
Uber tumbles on report it’s close to ending talks with Grubhub
Uber Technologies Inc. shares tumbled after a report said the ride-hailing company is close to ending merger talks with Grubhub Inc. due to antitrust concerns. → Read More
EBay Raises Outlook for Sales, Profit as Buyers Flock Online
EBay Inc. raised its forecast for revenue and earnings in the current quarter as people flock to the online marketplace amid the Covid-19 pandemic that has left most physical stores shuttered for more than two months. → Read More
EBay raises outlook for sales, profit as business moves online
EBay Inc. raised its forecast for revenue and earnings in the current quarter as people flock to the online marketplace amid the COVID-19 pandemic that has left most physical stores shuttered for more than two months. → Read More
Apple grants US$10 million to Copan Diagnostics for testing kits
Apple Inc. is awarding US$10 million to Copan Diagnostics Inc., one of the leading makers of sample collection kits involved in Covid-19 testing. → Read More