8.6.2020

Etsy Might Need to Get Even More Crafty - WSJ

"Online marketplace Etsy reported stellar second-quarter results on Wednesday, solidifying its place as an e-commerce staple amid the coronavirus pandemic. But its rapid growth might be running out of legroom."

 

Nintendo just reported a wild 428% surge in profits thanks to the lockdown gaming boom - CNBC

"The Japnese gaming giant reported operating profit of 144.7 billion yen ($1.4 billion) in the April-June quarter, smashing anlyst expectations and representing a massive climb from the 27.4 billion yen it posted in the year-ago quarter."

 

Facebook's Instagram Launches TikTok Copycat in Political Storm - Bloomberg

"Facebook Inc.'s Instagram photo-sharing app is launching its clone of TikTok in more than 50 countries, a week after Chief Executive Officer Mark Zuckerberg defended the company's copycat strategies to U.S. lawmakers at an antitrust hearing."

 

Teladoc Health and Livongo Are Merging in an $18.5B Deal. Here's Why. - Barron's

"The merger comes as the Covid-19 pandemic continues to upend the U.S. economy. Earlier this year, businesses across the nation closed in an attempt to stop the spread of the virus. The pandemic has also accelerated the adoption of telehealth, as consumers seek alternative ways of reaching health-care professionals."