There was a lot of hoot this week…
It was a week laden with much social controversy. Outside of those discussions, we’ve captured the biggest business currents below.
Uber CEO Travis Kalanick confirmed Thursday that Uber closed another $1.2B in fundraising, bumping the logistics company’s valuation up to $40B, making it more valuable than Kraft (KRFT), Delta (DAL), Charles Schwab (SCHW), and Salesforce (CRM).
Cook: Simmered not Fried
Apple (APPL) boiled in court this week as prosecution of a 2005 anti-trust litigation heated up.
Down of a Thistle
As we head into the store’s strongest sales-season, the trendy apparel company is claiming $536M in losses at its brick-and-mortar stores while reporting an increase in online sales.
Because Your Latte Isn’t Frothy Enough
Starbucks (SBUX) plans to open 100 new upscale eateries, beginning with the 15,000 sq foot Starbucks Reserve Roastery and Tasting Room in Seattle.
Discovery Company of the Week: Wire
A new messaging app from former Skype guys. The app came onto the market Wednesday and specializes in the marriage of an individual’s content, such as pictures, video, and music, with calling and texting. The interfaces is beautiful and revolutionary