NEW YORK (Reuters Breakingviews) - Compass, which filed for an initial public offering earlier this week, is growing like a tech company but has the bones of a traditional real estate brokerage firm. Pinpointing its value will be all about location.
NEW YORK (Reuters Breakingviews) - For such a disruptive company, Twitter changes surprisingly slowly. From a user’s perspective, the $60 billion social network looks much like it did when co-founder Jack Dorsey took the dramatic step of doubling tweets to 280 characters over three years ago. Now Dorsey wants to expand Twitter’s revenue by stepping up innovation, but his track record of reinvention is not great.
NEW YORK (Reuters Breakingviews) - Concise insights on global finance in the Covid-19 era.
NEW YORK (Reuters Breakingviews) - Jeff Bezos has some solid timing. The founder and chief executive of Amazon.com is handing over the CEO role to Andy Jassy, head of the cloud division AWS, after a fortuitously good year at the $1.7 trillion retail giant. The new boss will face a different, more challenging normal that includes regulatory scrutiny.
NEW YORK (Reuters Breakingviews) - Apple's replacement for its iPhone cash cow is arguably its services business. The $2.4 trillion technology firm hauled in nearly $16 billion in revenue last quarter from charging customers for cloud storage and taking cuts from payments in its App Store.
NEW YORK (Reuters Breakingviews) - Facebook has a pressing challenge: to deflect political fury. To that end, Chief Operating Officer Sheryl Sandberg has laid out the reasons why the social network is on the right side of history, in what amounts to a four-pronged defense. It’s not watertight, but it may just hold up.
NEW YORK (Reuters Breakingviews) - Bob Chapek is coming up on his one-year anniversary in February as chief executive of Walt Disney. He has made good work of shifting the Magic Kingdom’s focus on streaming video and capturing some Netflix fairy dust. In the coming year Chapek could make his mark in another way: An ESPN spinoff would keep Disney ahead of the game.
NEW YORK/SAN FRANCISCO (Reuters Breakingviews) - Alphabet’s Google and Facebook are facing a mountain of lawsuits claiming the duo are abusing their market power. They may beat back the charges, but too much distraction could make them miss the next big thing.
NEW YORK (Reuters Breakingviews) - Walt Disney has worked some real magic. In just a year, the entertainment giant has managed to build a streaming empire with its trove of content from the likes of the Marvel and Star Wars franchises. For Netflix, staying ahead may mean stumping up to buy a studio.
NEW YORK (Reuters Breakingviews) - DoorDash has ignored the golden rule of all-you-can-eat buffets: always take more than you need. The leap in the food-delivery company’s shares on its market debut on Wednesday shows that DoorDash, which raised over $3 billion in its initial public offering, could easily have grabbed more. And it should have: competition is fierce and the eating-in trend has probably peaked.
Myanmar security forces fired gunshots as they carried out overnight raids in the main city Yangon after breaking up the latest protests against last month's coup with teargas and stun grenades.