Listen "ENT 169: Amazon Gutting It's Rivals & Uber Eats Driving in to Save the Day"
Episode Synopsis
Last week the market chugged higher. This is the second-highest weekly close ever in the S&P 500. Really take a moment to let that soak in. Plus, we have a streak of 6 straight higher closes. Top Stories of last weekUber· Ride-share bookings plunged 73%, significantly worse than expected. Uber did 737M trips, less than half the 1.7B from the same quarter last year. But...· Delivery bookings surged 113% on demand for Eats. Uber made more than double from Eats than it did from Rides. Food delivery was the perfect yin to ride-sharing's pandemic yang.Hungry for acquisitions... Uber lost $1.8B last quarter, which sounds pretty bad — but it's better than the $5.2B it lost during Q2 of last year. Uber slashed costs by sadly laying off 14% of its workforce (~3.7K employees). AMAZON· Amazon is in discussions with mall-owner Simon Property Group about using some closed J.C. Penney and Sears stores for Amazon fulfillment centers, The Wall Street Journal said on Sunday.· The Wall Street Journal said it’s unclear how many of the stores inside Simon malls are under consideration.· The Sears and J.C. Penney locations could give Amazon more fulfillment center space, closer to customers, where delivery drivers could come unload and pick up packages. Week ahead8/11 July Producer Price Index (8:30 AM ET) 8/12 July Consumer Price Index (8:30 AM ET) 8/14 July Retail Sales (8:30 AM ET)Support the show
More episodes of the podcast Becoming Entrefied
ENT 199: When To Take Profits
13/10/2020
ENT 197: Back to the Basics
16/09/2020
ENT 195: Successful Habits
11/09/2020
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.