Apple on Tuesday said it has awarded its chief executive officer, Tim Cook, as much as one million shares over the next several years, in a sign the executive is likely to remain in charge for the near future. The grant of restricted stock units, which Apple will give to Cook in two batches, are the first equity grants since Cook received a colossal stock award in 2011, worth nearly $400...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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