Daily Reads 5/14/2019
Hi, everyone. For Tuesday, we look back at Uber’s evaluation from 2018 to contrast if from its IPO to see how they might have missed the mark on the full potential of an IPO. The Supreme Court rules against Apple Inc in a case that put into question the 30% markup Apple charges to users in their app store. And what does the recent 30% jump in the volatility index mean for the current market environment? Also, we learn how Amazon is considering automation that would cut down on jobs at their distribution facilities. And though we assume that our earning potential grows as we advance in age and experience, new findings show that it’s a little more complicated than that.
In a certain light, Uber Technologies Inc.’s valuation peaked last fall when investment bankers pitching to underwrite its initial public offering told Uber that it could be worth $120 billion when it went public. That was not a firm offer or anything, just a number that they wrote down in their pitchbooks, but at least it was a big number.
The Supreme Court on Monday ruled 5-4 against Apple, saying iPhone users can pursue their antitrust lawsuit involving the tech giant’s signature electronic marketplace, the App Store.
VIX, known as Wall Street’s ‘fear gauge,’ makes biggest one-day advance since October
Amazon has considered installing two machines at dozens more warehouses, removing at least 24 roles at each one, these people said. These facilities typically employ more than 2,000 people.
Most retirement calculators are optimistic to a fault. They assume our incomes will rise throughout our working lives, or at least stay roughly the same. In reality, our incomes are likely to peak years — and sometimes decades — before we retire.