Chewy, founded in 2011, was a quickly growing online seller of pet food. Its roughly $3 billion sale to PetSmart was one of the biggest ever e-commerce deals. It demonstrated how swiftly the retail landscape is changing and the big bets retailers are now willing to make. (Though admittedly easier to do when a company, […]
Read moreDid you mean Birkenstock? A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for “Brikenstock”, “Birkenstok”, “Bierkenstock” and other variations in Google. The ruling is a victory for the German sandal maker, whose relationship with Amazon has grown increasingly antagonistic. It convinced a district court […]
Read moreFacebook artificial intelligence researchers have come up with a novel way to make cartoonish avatars look like they’re really playing musical instruments. The work could lead to fascinating augmented reality or virtual reality experiences in the future. In a new paper, Facebook research scientists Eli Shlizerman and Ira Kemelmacher-Shlizerman and collaborators Lucio Dery and Hayden […]
Read morePresident Donald Trump‘s tweet suggesting that the nation’s cold snap disproves global warming has raised an outcry in response from climate scientists. “There is still hunger in the world, even if you just had a Big Mac,” said Jon Foley, executive director of the California Academy of Sciences. @GlobalEcoGuy: Believe it or not, global climate […]
Read moreIt’s no secret to market watchers that the Nasdaq has seen a monster year, up nearly 30 percent year to date and on pace for 14 months of nearly uninterrupted gains. But there’s one more record to add to the books: the technology-heavy index is on pace for its sixth straight positive year, its longest […]
Read moreMKM Partners predicts Alibaba will reach the vaunted trillion-dollar valuation ahead of its internet peers. “It seems likely to us that we will have multiple $1 trillion valuation companies within the next 1-3 years if the current bull market continues. In this note, we examine the pathways of the six leading contenders: Apple, Google, Amazon, […]
Read moreLast week, I went through the possible candidates to succeed John Skipper as the next president of ESPN. There are many well-regarded internal and external candidates. The person who gets tapped for that job will have the opportunity to shine and — potentially — position themselves well to succeed Bob Iger as Disney CEO in […]
Read morePresident Donald Trump took aim at the U.S. Postal Service on Friday for offering Amazon and other e-commerce companies low rates for package delivery. Tweet The USPS, when reached by CNBC, said it is looking into the issue. At the heart of the issue is the Postal Service’s essentially monopolistic hold on the letter business […]
Read moreShares of TiVo spiked Friday before settling about 7.5 percent higher on a report the digital entertainment company has received buyout bids. The Street reports several private equity buyers have expressed interest in a deal that would value the company at around $2.5 billion, citing anonymous sources. The buyers reportedly offered just above $20 a […]
Read moreSouth Korea said Friday that it was holding a Hong Kong-flagged ship and its crew members for allegedly violating U.N. sanctions by transferring oil to a North Korean vessel in October. The Lighthouse Winmore is believed to have transferred about 600 tons of refined petroleum products to the North Korean ship, the Sam Jong 2, […]
Read more