Sales & Marketing news

• Mark Zuckerberg says the Chris Hughes solution to break up Facebook would actually 'make it a lot harder' to solve election and privacy problems (FB)

  23-05-2019 23:22 via feedproxy.google.com
  Mark Zuckerberg has pushed back at calls for Facebook to be broken up under antitrust law.
  The Facebook CEO said the company has plenty of competitors and Facebook's scale helps it tackle abuse.
  Facebook cofounder Chris Hughes recently said Zuckerberg had too much power and his company needed to be reined in.
  Visit Business Insider's homepage for more stories.Mark Zuckerberg is pushing back after his fellow Facebook cofounder Chris Hughes called for the social-networking giant to be broken up.
  O
  
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• Mark Zuckerberg personally made the decision that Facebook would keep running political ads, even though the ads were weaponized in 2016 (FB)

  23-05-2019 22:05 via feedproxy.google.com
  As the US gears up for its next presidential election in 2020, citizens can expect to keep seeing political ads on Facebook. 
  Internally the company is dealing with the fallout from reports that its platforms were used to manipulate voters in elections around the world.
  The latest big change is that Facebook will no longer pay commissions to salespeople for selling political ads.
  But political advertising is a multibillion business, and CEO Mark Zuckerberg himself decided that Facebook shou
  
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• It's been more than a year since the US-China trade war started. Here's a timeline of everything that's happened so far.

  23-05-2019 20:59 via feedproxy.google.com
  It's been more than a year since President Donald Trump ignited a trade war with China. 
  Since then, the two sides have together placed tariffs on more than $360 billion worth of each other's products.Here's a timeline of the US-China trade war so far.
  Visit Markets Insider for more stories.
  March 1, 2018: President Donald Trump announces tariffs on all imports of steel and aluminum, including metals from China.
  March 22, 2018: Trump announces plans to impose 25% tariffs on $50 billion wort
  
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• Robinhood users have been scooping up Tesla's plunging stock (TSLA)

  23-05-2019 20:47 via feedproxy.google.com
  Robinhood users have been adding Tesla to their holdins despite an extremely difficult time for the electric-car maker, according to data from the Robinhood trading app.
  The number of accounts holding Tesla shares on the app increased even as analysts and shareholders have been questioning demand prospects for the company's electric vehicles.
  Watch Tesla trade live.
  The Robinhood trading app, an app popular among younger investors, reported an increase in the numnber of users holding Tesla share
  
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• Stocks are tanking after Huawei suppliers cut ties, raising the prospect of a prolonged trade war with China

  23-05-2019 20:18 via feedproxy.google.com
  Stocks fell Thursday following reports that Panasonic, Arm, and other partners had cut ties with Huawei following its blacklisting by the Trump administration.
  Panasonic said it halted shipments of some components to Huawei but later dismissed media reports as "simply untrue."
  Shares in Nvidia, Micron, AMD, Western Digital, and other chipmakers slid more than 3%.
  Crude oil prices have plunged more than 4%.
  Watch Nvidia, Micron, AMD, Western Digital, and oil trade live.
  Stocks fell Thursday follo
  
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• Barclays snags Morgan Stanley banker as co-head of US equity capital markets

  23-05-2019 20:16 via feedproxy.google.com
  Barclays has hired Taylor Wright, a banker from Morgan Stanley, as co-head of US equity capital markets, people familiar told Business Insider.
  Wright will work alongside Kristin DeClark, a former Deutche Bank banker who is set to start as co-head of US ECM and the global head of tech ECM in the first week of June.
  Read more on the Business Insider homepage.Barclays has hired banker Taylor Wright to co-head its US equity capital markets, according to people familiar with the matter.
  Wright, who
  
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• A one-two punch of slowing iPhone sales and rising trade tensions is going to batter Apple in the near-term, but things should be ok in the long run, analyst says (AAPL)

  23-05-2019 19:22 via feedproxy.google.com
  Apple faces near-term headwinds from slowing iPhone sales and renewed trade tensions, according to a new survey from UBS.
  The company may also face a backlash from the Trump administration's recent moves to ban US tech companies from supplying Huawei.
  The longer-term prospects for the tech company appear stronger with an array of new segments to potentially enter, including 5G, video streaming. and healthcare.
  Watch Apple trade live.
  Apple's growth prospects will continue to suffer from slowing
  
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• The owner of Lee and Wrangler jeans just went public and its shares are falling 7%

  23-05-2019 19:15 via feedproxy.google.com
  Kontoor Brands, the owner of Lee and Wrangler jeans, debuted on the New York Stock Exchange on Thursday.
  Shares in the spin off from VF Corp fell more than 7% on the first day of trading.
  VF Corp's Vans, North Face, and Timberland brands have outperformed its jeans labels.
  Watch VF Corp and Kontoor Brands trade live.Kontoor Brands, the owner of Lee and Wrangler jeans, debuted on the New York Stock Exchange on Thursday. In sharp contrast to Levi's stock, which surged more than 30% on debut, share
  
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• Trump's tariff hike will cost households more than $800 per year, study finds

  23-05-2019 19:13 via feedproxy.google.com
  The Trump administration more than doubled the tariff rate on a tranche of Chinese products this month. 
  Tariffs are now poised to cost the average American household more than $800 per year, according to a new study.
  Visit Markets Insider for more stories. 
  President Donald Trump often highlights money the government earns from his trade war with China, sometimes falsely claiming that tariffs are paid by foreign exporters. A new study, however, estimates that the latest tariff escalat
  
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• China might have just tested its 'nuclear option' in the trade war

  23-05-2019 18:51 via feedproxy.google.com
  China may have run a small-scale test of the "nuclear option" in its trade war with the US by selling $20 billion worth of US government debt.
  If China sold its $1.2 trillion in US Treasurys, it could raise America's borrowing costs, weaken the US dollar, and plunge global markets into chaos.
  A fire sale, however, would strengthen the yuan, making Chinese exports less attractive, and could spin the currency out of control.
  Visit Markets Insider's homepage for more stories.
  China may have run a s
  
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• Trump rolls out a $16 billion bailout package as the trade war stings American farmers

  23-05-2019 18:30 via feedproxy.google.com
  The Trump administration announced a second round of aid for farmers who have been stung by its yearlong trade war with China.
  The new package mirrored the Market Facilitation Program, which last year provided direct and indirect payments to farmers.
  The trade war has blocked American farmers from one of their biggest customers, sending prices and exports of commodities sharply lower.
  Visit Markets Insider for more stories.
  The Trump administration on Thursday rolled out a second round of aid fo
  
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• Tesla is on track to snap a 6-day losing streak even as analysts' concerns mount (TSLA)

  23-05-2019 16:45 via feedproxy.google.com
  Tesla shares turned higher on Thursday after selling off in early trading.
  Shares jumped 2%, though they were still trading near their lowest level in 2 1/2 years.
  The stock is coming off a six-day losing streak, fueled by analysts and investors' concerns about underlying demand, a worry that's plagued the stock for months.
  Watch Tesla trade live.
  Tesla's recent sell-off abated Thursday as shares turned higher after a six-day bloodbath. They hit a low of $186.23, their weakest since December 7,
  
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• L Brands crushes earnings despite the ongoing collapse at Victoria's Secret (LB)

  23-05-2019 16:42 via feedproxy.google.com
  L Brands spiked more than 15% in early morning trading Thursday after the company posted first-quarter results that topped Wall Street expectations.
  The strong results surprised analysts given the ongoing weakness of the company's largest segment, Victoria Secret.
  Watch Limited Brands trade live.
  L Brands showed surprising strength in its Bath & Body Works segment, driving strong first-quarter earnings results despite ongoing weakness at Victoria's Secret. The company's shares jumped more th
  
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• Tesla's cratering stock could see a 'wash-out' (TSLA)

  23-05-2019 16:32 via feedproxy.google.com
  Tesla shares hit a 2-1/2-year low on Thursday morning.
  A "wash-out" move in the stock could be coming before a "decent sized bounce," according to one Wall Street strategist.
  But another Tesla watcher says that there are no signs of exhaustion by sellers and that shares could fall to $141.
  Watch Tesla trade live.
  Tesla's plunging stock could be setting up for a bounce.
  Shares of the electric-car maker gained as much 3% on Thursday morning after reports said CEO Elon Musk sent a letter to employe
  
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• Elon Musk's Boring Company finally has a paying customer for its first tunnel project

  23-05-2019 16:02 via feedproxy.google.com
  Las Vegas has tapped Elon Musk's Boring Company to build a one-mile tunnel underneath its downtown convention center. 
  The tunnel will connect one end of the building to the other, at a cost of $48 million, the city's convention and visitor's authority said in a press release. 
  Transit experts have criticized the Boring Company's plans for traffic mitigation as less-than-innovative. The Boring Company's first project should be completed by the end of the year, CEO Elon Musk said W
  
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• Elon Musk tells Tesla employees in leaked email that customer demand is still high, despite the stock crashing in recent weeks (TSLA)

  23-05-2019 15:53 via feedproxy.google.com
  Elon Musk told Tesla employees in an email Wednesday night that the company is still on track for a record number of deliveries this quarter. 
  Tesla received more than 50,000 new orders this quarter he said in the email, a copy of which was seen by Business Insider. 
  Musk said the company needs to hit production rates of 1,000 Model 3's per day, and is currently at about 900 per day. 
  Tesla's stock price has been hammered for seven straight days and is showing no sign of stopping.
  
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• WARC launches 2019 Media Awards

  23-05-2019 02:00 via warc.com
  WARC is today launching the 2019 WARC Media Awards, a comprehensive set of awards spread across four categories, with a $40,000 prize fund to reward the insight, strategy and analytics that power effective media investment around the world. ...
  
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• US media companies take a punt on sports betting

  23-05-2019 02:00 via warc.com
  The legalization of sports betting in the US has unleashed plenty of new opportunities – with accompanying risks and challenges, both from a business strategy perspective and an ethical one – for many of America’s best-known and...
  
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• TV ads work best for small businesses, study claims

  23-05-2019 02:00 via warc.com
  A new study has found that, for smaller businesses looking to generate a rapid uptake in sales volume, TV is the most effective advertising medium.The research by marketing company Data2Decisions found that TV triumphed across 78 brands and more...
  
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• How KFC China tapped game data to drive sales

  23-05-2019 02:00 via warc.com
  An ambitious project by KFC China that saw it go deeper into gaming than ever before proved to be effective at driving sales while spending nothing on media.“Gaming for KFC has been a critical strategy for the last five years,” Yi Liu,...
  
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• How Diageo's Trusted Marketplace combats ad fraud

  23-05-2019 02:00 via warc.com
  Combating ad fraud fits into an overarching approach to media that Diageo has spent the past few years developing, according to the drinks giant’s global media director.“For us, having a media supply chain that’s healthy and...
  
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• China's video ad sales growth cools

  23-05-2019 02:00 via warc.com
  Video advertising sales in China are expected to cool sharply this year as the market peaks, according to Tencent Holdings.As of March, the operation had 89 million subscribers, but Sun Zhonghuai, chief executive of the social media and...
  
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• Agencies must 'step up' to innovation challenge

  23-05-2019 02:00 via warc.com
  Agencies have to “step up” and meet the need for innovation that has taken root due to changes in the marketing ecosystem, according to Nick Brien, CEO/Americas for Dentsu Aegis Network.Brien discussed this subject during a session at...
  
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