Uber late Thursday said it would take a charge of about $2 billion in the first quarter to reduce the carrying value of its its minority equity investments in other ride-hailing companies affected by the virus-related shutdown—namely Didi Chuxing and Grab. The move will raise its net loss for the quarter. Previously it had said those investments were collectively worth about $10 billion. The...
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The Not-Amazons: Wish, Poshmark and the Race for Retail’s Soul
To say 2020 has thrown retail shopping into upheaval would be a gross understatement. HP Inc. provided the latest reminder this week when it disclosed an 18% jump in unit sales of its consumer printers, an almost retro device that, along with e-bikes, virtual reality headsets and food delivery, people have discovered they want to have while stuck at home during the pandemic. More so than in...
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