Tag: covid19
An Apple Store employee on leave has tested positive for COVID-19 in Santa Monica
An Apple Store employee who was on leave from the Third St. Promenade store in Santa Monica, California tested positive for COVID-19 late yesterday. The employee had been on leave to care for a relative since March 2nd. Apple consulted health experts and deep cleaned the Third St. store which…
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Does coronavirus need a brand?
Stay with me here. As we enter the full throes of coronavirus spread in the U.S., it’s becoming incredibly evident that we cannot depend on the federal apparatus to clearly communicate any of the necessary information citizens need. From the CDC removing exact testing numbers from its site to the…
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Stocks dive on Dow’s worst day since 1987, tech crashes, and Bitcoin is no haven
Well, that was terrible. During the day’s wild trading session, the Dow Jones Industrial Average (DJIA) dropped by just under 10% in what was the largest single-day percentage decline since the stock market crash in 1987 (when markets were sufficiently scarred to institute failsafe measures for the future, to prevent…
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Slack shares plummet 20% after its growth forecast fails to excite investors
Today after the bell, Slack, a popular workplace communication product, reported its FQ4 2020 earnings, the three-month period ending January 31 2020. The company’s results came in ahead of expectations. However, its shares have rapidly lost altitude in the wake of its news. In the fourth quarter, Slack’s revenue rose…
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Airlines start canceling more flights from Europe as new restrictions go into effect
With the White House’s surprise decision to bar foreign nationals from Europe from entering the United States, the already battered airline industry is facing yet another challenge. Unsurprisingly, we are now seeing even more cancellations across the industry as even U.S. citizen and legal permanent residents can now only enter…
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Uber and Lyft plunge, erasing recent gains after promising profits
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. A few weeks ago, Uber and Lyft, kicking bags of the 2019 stock market and regularly cited as examples of venture-backed excess, were back to fighting form. After encouraging Q3…
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