Tag: covid-19
Airbnb, Lyft and Uber: when to call a it a comeback
As Uber and Lyft reached their public-market nadir in mid-March, you would have been forgiven for thinking they were heading under. If the markets are somewhat efficient, why else would America’s top two ride-hailing companies shed two-thirds and three-quarters of their value, respectively, in just over a month? As we…
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EPA orders Amazon and eBay to remove products posing as coronavirus remedies
The Environmental Protection Agency (EPA) has ordered Amazon and eBay to stop selling products that falsely claim to kill coronavirus. Around 70 products were specified in the EPA’s order, including paint stripper, tablets containing chlorine dioxide… Source
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Theaters are ready to reopen, but is America ready to go back to the movies?
Last week, AMC marked its earnings report with a somber note. The movie theater giant warned of losses reaching up to $2.4 billion, courtesy of COVID-19-related closures, adding that “substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.” AMC isn’t alone.…
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Cue Health raises $100 million to speed development of rapid, portable COVID-19 diagnostics
San Diego-based startup Cue Health has closed a $100 million Series C funding round, including participation from Decheng Capital, Foresite Capital, Madrone Capital Partners, Johnson & Johnson Innovation, ACME Capital and others. The funding will be used to help Cue finish up development, validate and scale production of its Cue…
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Edtech is surging, and parents have some notes
Unlike most sectors, edtech has been booming over the last few months. Flashcards startup Quizlet is now a unicorn, digital textbook company Top Hat is finding unprecedented surges in usage and student success business Edsights raised nearly $2 million from high-profile investors, all from inbound interest. Investors are so confident…
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3M files suit over third-party price gouging of N95 masks on Amazon
Amazon has promised vigilance against third-party price gouging since COVID-19 achieved global pandemic status. The company’s efforts have had mixed success, however, due in part to the sheer volume of vendors that utilize the company’s massive commerce platform. In a suit filed in California this week, 3M claims the seller…
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