Sales & Marketing news

• Stock market records, Amazon's visit to Madison Avenue, and mental-health startups

  26-04-2019 23:09 via feedproxy.google.com
  Hello!
  The stock market is enjoying its best start to a year since 1987. The US economy blew past growth expectations in the first quarter. And yet:There seems to be a disconnect, according to Nikolaos Panigirtzoglou, a global market strategist at JPMorgan. Government bond markets appear to be pricing in recession risks, while markets for riskier assets like stocks, corporate bonds, and commodities seem more optimistic. 
  UBS Wealth Management, the world's largest wealth manager with o
  
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• Here's who's getting rich on Slack's multi-billion dollar IPO

  26-04-2019 22:41 via feedproxy.google.com
  Slack, the workplace messaging app, is about to go public in a multi-billion IPO.
  Some of the company's early investors have stakes worth billions, and many employees have shares worth millions.
  Here are the people and investors who stand to make the most.Slack has released its SEC paperwork to become a public company giving us our first glimpse at its financials and top investors.
  As is typical these days, Slack is using a two-tier structure where it will sell Class A shares to the public, with
  
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• Tesla stock closes at its lowest price since January 2017 to end a brutal week (TSLA)

  26-04-2019 22:24 via feedproxy.google.com
  Tesla had a brutal week. 
  After announcing the upcoming departure of four board members last week after markets closed, the company held an investor day on Monday.
  On Wednesday, the company's first-quarter earnings missed analyst estimates on both revenue and earnings.
  The stock closed at $235.14 on Friday, its lowest price since January 2017.
  Visit Business Insider's homepage for more stories.Shares of Tesla fell more than 5% in trading on Friday to close at $235.14, their lowest level sin
  
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• Ford is once again more valuable than Tesla (F, TSLA, GM)

  26-04-2019 21:35 via feedproxy.google.com
  Ford has passed Tesla as the No. 2 US automaker by market capitalization.
  General Motors is the largest US automaker by market value.
  Watch Ford trade live.
  It took more than two years, but Ford is once again more valuable than Tesla. 
  Ford shares surged more than 10%, up $1.04, on Friday after the company posted first-quarter results that topped Wall Street estimates. The gains ran Ford's market cap to more than $41 billion, putting it ahead of Tesla's $40 billion valuation. Both automaker
  
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• Elon Musk loves to make grandiose promises. Here are 8 he failed to deliver on. (TSLA)

  26-04-2019 21:03 via feedproxy.google.com
  Tesla CEO Elon Musk has promised profitability, vehicle deliveries, and more to his shareholders, customers, and employees over the years.
  Not all of his visions have panned out.
  The electric automaker's wider-than-expected quarterly loss this week and profitability forecast highlight Musk's pattern of issuing expectations that end up needing adjustment. 
  Visit Business Insider's homepage for more stories.Tesla CEO Elon Musk is a visionary.
  He's accelerated the rate of electric vehicle adop
  
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• Lyft sinks to new low after Uber updates its IPO filing

  26-04-2019 19:28 via feedproxy.google.com
  Lyft shares touched a record low on Friday morning after its ride-hailing rival Uber updated its filing for an initial public offering.
  Uber is seeking a valuation of up to $90 billion, down from the $100 billion that was previously floated.
  Lyft was down as much as 3% on Friday morning.
  Watch Lyft trade live.
  Lyft touched a record low Friday morning after its ride-hailing rival Uber updated its initial-public-offering filing. 
  Lyft shares fell more than 3% early Friday, touching a low of $
  
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• How to read Accenture Interactive’s acquisition of Droga5

  26-04-2019 18:12 via warc.com
  Accenture Interactive’s recent purchase of creative hot-shop Droga5 prompted considerable discussion about the future of traditional agencies, the role of management consultancies in marketing, and whether further acquisitions are...
  
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• America's biggest banks are offloading parts of their home-loan businesses to machine-powered startups, as they try and fend off sagging profits

  26-04-2019 17:09 via feedproxy.google.com
  Amid mounting industry pressures, banks are increasingly outsourcing home lending to the machines.
  In recent years, giants such as Wells Fargo and JPMorgan Chase have handed off key components of their mortgage businesses to scrappy tech startups armed with data and machine-learning capabilities.
  Last week, the online-only Ally Bank became the latest entry in this chapter, announcing it was outsourcing most of its mortgage operation to Better.com.
  With competition intensifying and margins thinni
  
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• Starbucks' president reveals why the chain rolled out its controversial new rewards program (SBUX)

  26-04-2019 17:01 via feedproxy.google.com
  Starbucks faced backlash when it launched its new rewards program earlier in April, with some of its most loyal customers complaining about changes. 
  Roz Brewer, the president of Starbucks' US business, said that that the changes aim to make the rewards program more accessible, as Starbucks tries to win over less frequent customers. 
  Brewer also said that the volume of calls Starbucks has received regarding the changes is lower than the company expected. 
  Visit Business Insider's
  
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• Life, death, and spontaneous combustion — here's why the debate about Tesla fires just got more fierce

  26-04-2019 16:45 via feedproxy.google.com
  Tesla fires have become a battleground for the company's supporters and detractors.
  Supporters say the media makes too much of Tesla fires. Detractors say Tesla isn't being open enough about what causes them.
  Some fires start after a crash. But others — like a recent one that engulfed a Model S sitting in a parking lot in Shanghai — seem to have started for no reason at all.
  "There are really only a few reasons why a lithium-ion battery catches on fire," one fire expert told Business
  
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• 'Avengers: Endgame' is dominating the box office like no other movie in history

  26-04-2019 16:41 via feedproxy.google.com
  "Avengers: Endgame" made a record-breaking $60 million in Thursday preview screenings.
  It passed the previous record holder "Star Wars: The Force Awakens" ($57 million).
  "Endgame" is projected to make more than $950 million globally in its opening weekend and may get to $300 million domestically.
  Visit Business Insider's homepage for more stories.There have been huge box-office hits in the past — "Titanic," "Avatar," "Star Wars: The Force Awakens," "Avengers: Infinity War" — that bro
  
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• Uber is paying drivers up to $40,000 each to celebrate its IPO

  26-04-2019 16:37 via feedproxy.google.com
  Uber drivers are set to receive up to $40,000 each as a "driver appreciation reward" ahead of the company's initial public offering.
  The ride-hailing giant said it expected to pay about $300 million to more than 1.1 million drivers worldwide this weekend.
  Uber said drivers would receive one of six cash rewards based on the number of trips they've completed.
  Uber said it had also reserved 5.4 million shares for drivers to purchase at the IPO price, expected to be between $44 and $50.
  Visit Market
  
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• Lyft's COO, a former Tesla exec, is the latest expert to throw cold water on Elon Musk's plan to have 1 million robo-taxis on the road by 2020 (LYFT)

  26-04-2019 16:24 via feedproxy.google.com
  Lyft's chief operating officer, a former Tesla executive, is the latest expert to throw cold water on Elon Musk's plan to have 1 million robo-taxis on the road by next year.
  "I just don't know if that's possible to do," Jon McNeill told Business Insider in an interview.
  While Lyft is also researching autonomy, McNeill said the company is counting on having human drivers for plenty of years to come. 
  Visit Business Insider's homepage for more stories.Plenty of people are skeptical of Elon Mu
  
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• Wall Street is eating up Amazon's one-day Prime delivery plans even as growth is petering out (AMZN)

  26-04-2019 16:14 via feedproxy.google.com
  Amazon shares traded modestly higher on Friday after the e-commerce giant reported first-quarter results that topped analysts' expectations.
  Analysts were particularly bullish on its Prime shipping announcement, but noted growth is slowing across various segments.
  JPMorgan analysts commented the new free one-day shopping option reflected an increasingly competitive retail environment. 
  Watch Amazon trade live here.
  Amazon analysts' notes to clients were littered with price-target increases
  
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• Starbucks still needs to solve a massive problem, as analysts worry about 'anemic' traffic (SBUX)

  26-04-2019 15:37 via feedproxy.google.com
  Starbucks' shares hit an all-time high on Thursday, with US comparable sales up 4% in the most recent quarter. 
  Despite the sales growth, Starbucks' transactions were flat yet again. 
  The coffee giant has struggled to grow transactions in recent years, instead relying on stores selling more expensive drinks and customers buying more items to boost sales. 
  Visit Business Insider's homepage for more stories.Starbucks' shares hit an all-time high after reporting quarterly earnin
  
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• The US economy blows past growth expectations in the first quarter

  26-04-2019 15:17 via feedproxy.google.com
  The Commerce Department said Friday that the economy grew at a far faster pace than expected at the beginning of the year.
  Gross domestic product, a measure of all the goods and services produced in a country, expanded at an annualized rate of 3.2% in the first quarter. Economists had expected 2.3% growth.
  The economy grew at a pace just under the Trump administration's goal of 3% last year, boosted by the $1.5 trillion tax cuts passed in 2017 and increased public spending.
  The American economy
  
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• Slack, the $7 billion office-messaging app that millennials and startups love, just filed to go public in a really weird way

  26-04-2019 15:14 via feedproxy.google.com
  Slack, the buzzy workplace-chat platform last valued at over $7 billion, filed the paperwork on Friday to publicly list its shares.
  The company has tapped into an interesting new trend for tech firms going public, saying it would do a "direct listing" that avoids the usual Wall Street IPO process. The startup plans to directly list its shares on the New York Stock Exchange under the ticker symbol SK.
  Slack reported a net loss of $146 million on $105.2 million in revenue for its fiscal 2017, then
  
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• Uber estimates it lost at least $1 billion in the first quarter of 2019 (UBER)

  26-04-2019 14:56 via feedproxy.google.com
  Uber filed an updated S-1 document as part of is IPO on Friday.
  The company expects to lose at least $1 billion for the first quarter of 2019, on revenues of just over $3 billion.
  Friday's filing also disclosed the company's plan to sell shares between $44 and $50 per share, giving it a valuation near $90 billion. Uber expects its first quarter financial losses to be at least $1 billion and as high as $1.11 billion, the ride-hailing giant said in an updated IPO filing Friday morning.
  Revenu
  
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• 16 mind-blowing facts about California's economy

  26-04-2019 14:02 via feedproxy.google.com
  California has the largest economy of any US state. 
  If it were its own nation, California would have the fifth largest economy in the world. 
  Here are 16 surprising facts about the Golden State.
  Visit MarketsInsider.com for more stories.
  California is one of the major economic engines of the United States.
  With a population of more than 39 million people, the Golden State has the most people of any US state, and drives many of the nation's cultural trends.The state has an incredibly d
  
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• Why media context matters for successful ads

  26-04-2019 02:00 via warc.com
  Marketers should consider the media context in which their ads appear when seeking to get their messages remembered, drive brand recognition and recall, and launch new products, according to a paper in the Journal of Advertising Research (JAR).The...
  
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• Unilever rides DTC wave from razors to mustard

  26-04-2019 02:00 via warc.com
  Unilever is applying the learnings from its 2016 acquisition of Dollar Shave Club in some unexpected directions, including the development of a DTC approach to selling mustard, according to Keith Weed.Speaking to WARC at the recent World Retail...
  
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• Subscription boxes appeal to half of young Americans

  26-04-2019 02:00 via warc.com
  Nearly half (47%) of young US consumers aged 18 to 34 agree that they would consider signing up to a subscription box, the service that regularly delivers products to the home, a recent survey has found.According
  
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• European brands shift programmatic in-house

  26-04-2019 02:00 via warc.com
  Marketers in five major European markets are shifting their programmatic ad-buying in-house, according to a series of comprehensive reports from the Interactive Advertising Bureau (IAB).Based on a survey of
  
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• Asian consumers demand greater online security

  26-04-2019 02:00 via warc.com
  Close to three-quarters (71%) of consumers in Asia-Pacific regard security as their top priority when going online, yet two-thirds (67%) of businesses in the region experienced an increase in online fraud-related losses over the past 12 months. ...
  
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• APAC online video market to double by 2024

  26-04-2019 02:00 via warc.com
  The online video market in Asia-Pacific is expected to double in size over the next five years, as the explosive growth of screens and smart devices, boosted by mobile broadband connectivity, drives digital growth across the region.That is...
  
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