Sales & Marketing news

• Tesla fired dozens of salespeople after its disappointing Q1 delivery report (TSLA)

  08-04-2019 22:24 via feedproxy.google.com
  Tesla fired "several dozen" sales employees on April 4.
  The cuts affected employees in Chicago; Brooklyn, New York; and Tampa, Florida.
  A Tesla representative confirmed the firings to Business Insider and said the affected stores remain open.
  Tesla announced a shift in its retail strategy in February that the company said would lead to layoffs.
  Visit BusinessInsider.com for more stories.Tesla dismissed "several dozen" sales employees on April 4, Bloomberg's Dana Hull first reported. The cuts aff
  
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• BMW and Volkswagen are relying on both Amazon and Microsoft, and it's proof that the cloud market is more complicated than you think (AMZN, MSFT)

  08-04-2019 21:15 via feedproxy.google.com
  Last week, Microsoft announced a cloud partnership with BMW. The week before that, Amazon Web Services announced a partnership with Volkswagen.
  Both companies are working to build services for automotive manufacturing.
  The funny part: AWS previously partnered with BMW, and Microsoft had partnered with Volkswagen.
  Analysts say it's a sign that more companies are choosing to use multiple clouds.
  Visit Business Insider's homepage for more stories.The cloud wars are starting to rumble into the
  
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• Roku is tumbling after Citi gets nervous about its massive 110% rally this year (ROKU)

  08-04-2019 21:07 via feedproxy.google.com
  Roku plunged on Monday after Citi downgraded the stock from "neutral" to "sell."
  A triple-digit-percentage gain for the stock so far this year, rising competition in the streaming space, and what appear to be robust hiring plans at the company all contributed to Citi's downgrade.
  The note comes days after the news outlet Cheddar reported Amazon was looking to expand its streaming offerings.
  Watch Roku trade live.
  A massive rally in Roku shares, an increasingly competitive streaming space, a
  
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• Salesforce is quietly investing $100 million in Zoom ahead of its big IPO — here are its 5 biggest investments in public companies (CRM, DBX, DOCU, DOMO, SVMK, PLAN)

  08-04-2019 20:39 via feedproxy.google.com
   
  Salesforce owns $441 million in equity in other public companies, and that number is growing.
  Its latest investment is a $100 million private placement in Zoom, which is set to go public in mid-April.
  Here are Salesforce's biggest public investments.Salesforce brings in billions of dollars in revenue each year from its software subscriptions. But the $122 billion cloud company is also a big investor in other tech companies — and it seems especially fond of pouring money into other p
  
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• Here are the Final Four picks of 17 Wall Street titans

  08-04-2019 20:36 via feedproxy.google.com
  March Madness 2019 has one game remaing. Texas Tech will face off against Virginia in the national championship game.
  Each year Bloomberg runs a celebrity bracket challenge in which participants donate $10,000 to charity and play for the cause of their choice.
  Business Insider highlighted the Final Four picks of 17 Wall Street titans.
  The NCAA national championship game take place on Monday evening with Texas Tech facing off against Virginia. Each year Bloomberg holds a bracket challenge in whic
  
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• Here are the mega IPOs so far in 2019

  08-04-2019 20:25 via feedproxy.google.com
  Initial public offerings have rebounded in early 2019 after a slow end to last year.
  Levi Strauss, Lyft, and Tradeweb have already gone public while Uber and Pinterest are exploring IPOs.
  Trading among the companies was mixed with Levi and Tradeweb up sharply with Lyft struggling to rise above IPO price.
  Tradeweb last week was the third mega initial public offering in the US this year, raising nearly $1.1 billion. Of the three, Tradeweb and Lyft each raised more than $1 billion through the sale
  
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• Pinterest is planning to set the range for its IPO at a price tag of $11.3 billion — below its latest private valuation

  08-04-2019 20:07 via feedproxy.google.com
  Pinterest is planning to set the range for its initial public offering at between $15 and $17 a share, giving it a valuation of $11.3 billion at the upper end of the range.
  The social-media company was valued at $12.3 billion in its most recent round of private funding.
  Shares will trade on the New York Stock Exchange under the ticker PINS.
  Pinterest is planning to set the range of its initial public offering at a value below that of its latest round of private fundraising.
  The social-media comp
  
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• Southwest Airlines hit with its first Wall Street downgrade since Boeing's 737 Max crisis began (LUV)

  08-04-2019 20:00 via feedproxy.google.com
  Southwest Airlines was hit with its first analyst downgrade on Monday since the Boeing 737 Max was grounded nationwide
  The low-cost carrier first warned investors in March that its first-quarter profit would be hit by the plane's grounding.
  Raymond James says American and United might be good plays for investors looking for less risk exposure to the 737 max. 
  Visit Business Insider's homepage for more stories.The fallout from Boeing's largest crisis in years is continuing.
  As airlines gear
  
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• Video conferencing company Zoom could be valued at $8 billion in upcoming IPO (LYFT)

  08-04-2019 19:05 via feedproxy.google.com
  Video conferencing company Zoom has set an IPO price range of $28 to $32 per share, giving the company a $8.25 billion valuation on the upper end of the range.
  Zoom is expected to start trading next week on the Nasdaq under the ticker "ZM."
  Zoom's IPO valuation is many-times its last valuation of $1 billion. But not everyone in the upcoming IPO cohort is in the same position.
  Pinterest also priced its IPO on Monday, though its range is below its last private funding valuation. And the recently p
  
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• Here's how China could launch a 10-plus-year 'super-cycle' in commodities — one that survives the next global recession

  08-04-2019 19:02 via feedproxy.google.com
  Wells Fargo says that China's huge investments in infrastructure drove a 12-year commodities boom and that in the future its demand for food could lead to a similar boom in other commodities.
  John LaForge, a strategist, says that in the next few years the prices of food crops like corn are likely to surge as Chinese food consumption increases and the country imports more food components.
  He says demand could endure through several global market rises and recessions.
  Visit Business Insider's home
  
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• Here's how much investors may have lost in Eero's fire-sale deal to Amazon, according to leaked documents

  08-04-2019 18:54 via feedproxy.google.com
  Amazon's acquisition of Eero was valued at $97 million, a fire-sale deal that was worth significantly less than the company's last reported valuation.
  Documents obtained by Business Insider indicate how much investors may have lost from the deal.
  The paperwork indicates that the estimated amount to be paid at the deal's close was lower than the estimated liquidation preference per share, a sign that investors received less than they poured in.
  Visit Business Insider's homepage for more stories.W
  
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• Wall Street is torn over the future of markets. 2 of the world's top investors shared their secrets for rising above the uncertainty.

  08-04-2019 18:00 via feedproxy.google.com
  Dear Readers,
  Welcome to the first edition of Investing Insider, the new markets and investing newsletter for Business Insider. I'm Joe Ciolli, the senior investing editor here at BI, helming a team of ferocious reporters keen on giving you all the information you need to crush the market. 
  This past week, as most of the world was preoccupied with Elon Musk's latest legal saga and Jeff Bezos' unprecedented divorce settlement, the stock market chugged higher. It's now back wi
  
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• Snap is going to soar 40% to its $17 IPO price, analyst says (SNAP)

  08-04-2019 17:55 via feedproxy.google.com
  Snap was up nearly 5% Monday morning after receiving an upgrade at RBC.
  The report listed five reasons for the upgrade and said Snap shares had a more than 40% upside.
  Watch Snap trade live.
  Snap's stock price is going to soar back to its initial-public-offering price of $17 a share, according to one Wall Street analyst.
  In a note sent out to clients on Monday, the RBC research analyst Mark Mahaney said shares of the camera company had a more than 40% upside. He upgraded Snap to "outperform" and
  
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• Hedge-fund billionaire Ray Dalio says 'the American dream is lost'

  08-04-2019 17:11 via feedproxy.google.com
  Ray Dalio is the founder of Bridgewater Associates, the largest hedge fund.
  In a new essay he called for the reform of capitalism, arguing that if the US does not redistribute wealth and opportunity, the country's existence as a stable global power is threatened.
  He said the US needs leadership that will declare inequality a national emergency.
  This article is part of Business Insider's ongoing series on Better Capitalism.
  Visit Business Insider's homepage for more stories.As the 2020 presidenti
  
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• Upgrading easyJet's cross-screen strategy

  08-04-2019 17:00 via warc.com
  WARC Media Awards winner Sophy Part, Business Director at OMD UK, writes that the future of cross-screen planning does not entail a complete move to super targeted addressable advertising. Instead, it’s more important than ever to go...
  
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• The US just got its latest sign that the manufacturing sector is slowing down

  08-04-2019 16:40 via feedproxy.google.com
  New orders for goods made in the US slid in February after barely rising the two previous months.
  The data was the latest pointing to slowing activity in the manufacturing sector, which economists say could enter a mild recession this year.
  Economists say the slowdown is in part due to the fading effects of stimulus measures, but trade tensions haven't helped.
  New orders for US-made goods slid in February, the latest sign that the manufacturing sector is losing steam amid global trade tensions a
  
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• JPMORGAN: Investors are 'underestimating the severity of challenges and underlying risks' at General Electric (GE)

  08-04-2019 16:19 via feedproxy.google.com
  General Electric shares slumped more than 6% after JPMorgan downgraded the name to "underweight" and cut its price target from $6 to $5.
  Analyst Stephen Tusa made the call as investors are "underestimating the severity of challenges and underlying risks at GE."
  GE's large debt pile and weak cash flows could leave it "vulnerable to liquidity issues" if a recession hits.
  Watch General Electric trade live.
  General Electric shares slid more than 6% after JPMorgan downgraded the industrial titan from
  
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• The biggest question for Tesla is whether the company can make steady profits on its cars (TSLA)

  08-04-2019 16:01 via feedproxy.google.com
  A Tesla "demand crisis" has developed on Wall Street.
  Analysts are worried that Tesla demand is fading — but they're mistaking demand for demand growth.
  Tesla's growth already has it in a commanding position in the US luxury market — the company completely dominates the highly profitable luxury EV space.
  In the short term, analysts reckoning with their overly bullish demand prediction could contribute to negative sentiment about Tesla's stock.
  Visit Business Insider's homepage for mo
  
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• Morgan Stanley slashes its Tesla target for the 3rd time this year (TSLA)

  08-04-2019 15:54 via feedproxy.google.com
  Tesla's price target got cut at Morgan Stanley for the third time this year.
  Investor concerns over Tesla's financial strength could hit employee morale and customers' perception of the brand, the firm's analysts said in a report.
  Morgan Stanley's note comes days after Tesla's first-quarter delivery results fell below analysts' expectations and slammed the electric car-maker's stock.
  Watch Tesla trade live.
  Tesla investors' negative sentiment could bleed into the electric car-maker's business it
  
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• Fiat Chrysler will pay for Tesla cars to be included in its fleet in order to meet European emissions limits (TSLA, FCAU)

  08-04-2019 15:51 via feedproxy.google.com
  Fiat Chrysler is paying Tesla hundreds of millions to count its electric vehicles as part of its larger fleet, the Financial Times reported. 
  The move will allow FCA to average Tesla's zero-emissions cars with its own cars, lowering its average emissions. 
  In 2020, EU emissions limits will fall to 95 grams per kilometer. 
  FCA currently averages about 115g/km, and could face millions in fines if it doesn't meet the new limit. Fiat Chrysler will pay Tesla "hundreds of millions
  
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• Boeing sinks after cutting production of the 737 Max (BA)

  08-04-2019 15:44 via feedproxy.google.com
  Boeing is slowing production of the 737 Max aircraft following two crashes of the aircraft over the past six months.
  The company also admitted fault in the accidents, driving the stock down nearly 4% Monday morning.
  Watch Boeing trade live.
  Boeing's stock dropped nearly 4% in early trading Monday after the company put out a statement admitting to fault in the two crashes of the 737 Max aircraft and said it was slowing production of the aircraft. The company's statement came after Friday's close.
  
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• American Airlines cancels 5,000 more flights as Boeing's embattled 737 Max plane remains grounded (AAL)

  08-04-2019 14:59 via feedproxy.google.com
  American Airlines has extended its cancellation of Boeing 737 Max flights through June 5. 
  The carrier operates about 90 flights on the grounded plane per day, it said in a press release. 
  Wall Street analysts are warning Boeing's crisis could not only bring down the stock, but the entire US economy, too. The fallout from Boeing's worst crisis in years still has no end in sight for airlines that operate the embattled 737 Max jet.
  American Airlines, which operates 24 planes of the
  
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• China's gold-buying spree continues as central-bank market booms

  08-04-2019 14:58 via feedproxy.google.com
  China's central bank increased its gold reserves in March for the fourth consecutive month, continuing a major spree in buying of the precious metal.
  People's Bank of China figures cited by Bloomberg indicate the central bank increased reserves to 60.62 million ounces in March.
  Gold's attractiveness has increased as the US dollar remains weaker. Central-bank dovishness has also affected demand.
  Watch gold trade live.China's gold-buying run has shown no signs of abating after the People's Bank of
  
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• Warren Buffett says Wells Fargo's next CEO 'probably shouldn't come from JPMorgan or Goldman Sachs' (WFC)

  08-04-2019 14:38 via feedproxy.google.com
  Warren Buffett told the Financial Times that Wells Fargo should not pick a CEO from Wall Street.
  Wells Fargo's board is searching for a new leader after the resignation of Tim Sloan in the wake of a variety of scandals plaguing the bank.
  Watch Wells Fargo trade live.
  Warren Buffett, Wells Fargo's largest shareholder, is urging the bank to find a CEO outside Wall Street, according to an interview with the Financial Times published Sunday. The board of the embattled lender has embarked on a CEO se
  
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• Pinterest prices its IPO at a price tag of $11.3 billion — below its latest private valuation

  08-04-2019 12:56 via feedproxy.google.com
  Pinterest has priced its initial public offering at between $15 and $17 a share, giving it a valuation of $11.3 billion at the upper end of the range.
  The social-media company was valued at $12.3 billion in its most recent round of private funding.
  Shares will trade on the New York Stock Exchange under the ticker PINS.
  Pinterest has announced the pricing of its initial public offering at a value below that of its latest round of private fundraising.
  The social-media company said Monday in a fili
  
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• 10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, BA, LYFT, BCS)

  08-04-2019 12:45 via feedproxy.google.com
  Here is what you need to know.Brexit's costs run deep. Brexit has cost the UK 66 billion British pounds, or $86 billion, and put it on the verge of recession, according to S&P Global Ratings.
  Oil hits its best level since November. West Texas Intermediate crude oil climbed more than 0.7% to a five-month high of $63.53 a barrel on Monday morning.
  Here's how you can invest like Warren Buffett. Credit Suisse looked at 20 years of Buffett's investments and identified 12 stocks you should buy ri
  
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• Credit Suisse studied 20 years of Warren Buffett's acquisitions to replicate his approach — and it's identified 12 stocks you should buy right now

  08-04-2019 11:58 via feedproxy.google.com
  Credit Suisse studied the market legend Warren Buffett's approach to investing over a 20-year period and combined it with its proprietary system for stock analysis.
  The firm arrived at a Buffett-inspired methodology for picking stocks, 12 of which are identified and outlined in detail below.
  Visit Business Insider's homepage for more stories.Let's face it: You're never going to be as wealthy as Warren Buffett. His is a one-of-a-kind success story that has spawned countless imitators — none
  
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• Credit Suisse studied 20 years of Warren Buffett’s acquisitions in order to replicate his approach — and it’s identified 12 stocks you should buy right now

  08-04-2019 11:58 via feedproxy.google.com
  Credit Suisse studied market legend Warren Buffett's approach to investing over a 20-year period and combined it with their own proprietary system for stock analysis.
  They arrived at a Buffett-inspired methodology for picking stocks, 12 of which are identified and outlined in detail below.
  Visit Business Insider's homepage for more stories.Let's face it: You're never going to be as wealthy as Warren Buffett. He's a one-of-a-kind success story that's spawned countless imitators — none of wh
  
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• Jury discharged by judge in historic Barclays fraud trial

  08-04-2019 11:32 via feedproxy.google.com
  A judge discharged the jury part-way through the historic Barclays fraud trial in London on Monday.  
  The judge ordered the media not to report why the discharge occurred.
  In the trial, the UK Serious Fraud Office (SFO) had claimed former CEO John Varley and other executives — Richard Boath, Thomas Kalaris, and Roger Jenkins — misled investors during capital raisings at the height of the financial crisis. 
  The defendants pleaded not guilty to all charges.Justice Robert
  
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• UK will clamp down hard on social media bosses

  08-04-2019 01:53 via warc.com
  Individual executives at social media companies could be held personally liable for harmful content distributed on their platforms, according to plans drawn up by the British government.A long-awaited white paper is expected to be published on...
  
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• Spotify bullish on podcast future

  08-04-2019 01:53 via warc.com
  Spotify, the audio-streaming service, believes that podcasts will play a central role in obtaining its ambitious long-term brand goals.Dawn Ostroff, who joined Spotify as chief content officer in 2018, discussed this subject during a session at...
  
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• Marico's informal culture builds a successful business

  08-04-2019 01:53 via warc.com
  An informal organisational culture has been a source of competitive advantage for Marico, the Indian consumer goods giant, which has built its success on adding value for every stakeholder.Founder and chairman Harsh Mariwala believes that an...
  
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• Indian sports sponsorship grew by 12% in 2018

  08-04-2019 01:53 via warc.com
  Sports sponsorship in India increased 12% in 2018 while advertising on sports grew to Rs. 7,762 crores (US$1.14bn), up from Rs. 7,300 crores in 2017, a new industry report has revealed.According
  
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• Facebook delivers ads skewed to race and gender

  08-04-2019 01:53 via warc.com
  Facebook’s ad targeting algorithms automatically skew the delivery of ads based on race, gender and other characteristics, even when advertisers specify they want to reach a broad and neutral audience, a new academic study has found. ...
  
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• Boots is a brand in a hurry

  08-04-2019 01:53 via warc.com
  Big changes are coming at Boots, the venerable UK pharmacy and beauty chain, where new CEO Sebastian James is shaking things up in a business he feels has been held back by its heritage.“We have some incredible assets at Boots,” he...
  
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