AT&T’s WarnerMedia reported a slight dip in operating income in the first quarter, despite a 10% lift in revenues, after boosting spending on programming for its HBO Max streaming service. But unlike rivals such as Disney and Netflix, WarnerMedia provided few details about how the streaming service is doing. With these quarterly results, Warner started reporting a segment called...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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