Wall Street Journal owner News Corp is buying Investor’s Business Daily for $275 million, supplementing News Corp’s presence in the business news market. News Corp said in a statement that IBD has nearly 100,000 digital subscribers. The company publishes a once a week print edition but that accounts for only 10% of its revenues. Most of IBD’s revenues comes from its investor tools, research...
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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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