Microsoft shares dropped more than 4%—their largest daily decline in three months—after UBS Group AG issued a downgrade over concerns that sales of Azure and Office products will continue to slow in the coming year. The situation underscores investors’ skittishness over Azure’s annual revenue growth, which has slowed from 46% to 35% over the past three quarters amid a broader slowdown in...
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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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