Workers at an Amazon warehouse in New York have voted to unionize, according to a ballot count conducted by the National Labor Relations Board on Friday. The decision marks the first successful U.S. organizing effort in the internet retailer’s 27 year history. The employees at Amazon’s JFK8 warehouse in Staten Island will be represented by the Amazon Labor Union, an organization launched by...
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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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