The Strategist
Companies & CEOs

Bumble founder becomes the youngest female billionaire - 02/12/2021

Whitney Wolfe Herd, the founder of the dating service Bumble, increased her fortune to $1.6 billion after the company's IPO, according to Forbes. Thus, she became the youngest woman whose fortune exceeds $1 billion. She is 31 years old. Whitney Wolfe Herd owns 11.6% of Bumble. The company's stock started trading on the Nasdaq on Thursday. The share price was up 77% to $76 at the open. Ms. Herd...

Maersk shows 44% rise in profits in 2020 - 02/12/2021

Moller-Maersk, the largest container shipping operator, presented its financial statements for the year 2020. Earnings before interest and taxes (EBITDA) rose by 44% to $8.3 billion in the period, and revenue was also up slightly, up 2% to $39.7 billion. In the fourth quarter, Maersk's EBITDA rose 88% to $2.7 billion and revenue was up 16.5% to $11.3 billion. As the pandemic began, Maersk, like...

U.S. suspends forced sale of TikTok business - 02/11/2021

The forced sale of the USA business of TikTok, initiated under Trump, has been suspended indefinitely. The reason was that the new administration decided to reassess potential threats from the company. The deal on the compulsory sale of the American segment of TikTok to Oracle and Walmart has been suspended indefinitely, writes The Wall Street Journal citing sources. According to the...

Coca-Cola's net profit drops 13% in 2020 - 02/10/2021

The Coca-Cola Company, the world's largest soft drink maker, saw its net profit attributable to shareholders fall 13% year-on-year to $7.747 billion in 2019, the company said. Diluted earnings per share were $1.79 compared with $2.07 a year earlier. Coca-Cola's revenues were down 11% year-on-year to $33.014 billion. Coca-Cola posted fourth-quarter net income of $1.456 billion, down 29% from a...

Reddit's estimated value reaches $6B - 02/10/2021

Internet forum Reddit held another round of funding, the fifth in its history, in which the company managed to attract about $250 million. Now its estimated value is $6 billion, Bloomberg reports. According to the forum's own announcement, the company's management felt that "now is the time to make strategic investments in Reddit, including video, advertising, consumer products and reaching out...

US supermarket chain to offer employees $100 for COVID-19 vaccination - 02/08/2021

US Kroger Group announced it will provide a one-time payment of $100 to employees vaccinated against the coronavirus. Kroger operates supermarkets in 35 states. "A one-time $100 vaccine payment will be offered to all employees who receive full doses of the COVID-19 vaccine recommended by the manufacturer and provide appropriate proof of vaccination to a human resources representative," the...

Shell reports first loss since 2005 - 02/05/2021

Shell reported an annual loss of almost $22bn, the first loss since 2005, when the company was formed by merger. Anglo-Dutch oil and gas concern Royal Dutch Shell has reported a net loss of $21.68bn for 2020, while the company closed 2019 with a profit of $15.8bn. This is the company's first annual loss since 2005, when Royal Dutch and Shell Transport merged, CNBC noted. In addition, Shell's...

Sony sells 4.5M PlayStation 5s in 2020 - 02/04/2021

Japanese Sony published its report for the fourth quarter of 2020, in which it reported record quarterly earnings for its gaming division in the company's history. Overall, revenue for the fourth quarter of 2020 rose 9.5% to $25.7 billion and operating profit rose 62% to $3.5 billion. The company increased its annual revenue forecast by 6.5% to $83.8 billion and profit by 86% to $10.3 billion,...

Alphabet shares surge after good earnings release - 02/04/2021

Alphabet published its financial report for the fourth quarter and the entire year 2020, which turned out to be better than analysts' forecasts. As a result, the corporation's shares gained almost 8% in over-the-counter trading immediately after the report was published. For example, Alphabet's revenue for the quarter reached $56.9 billion, which is not only 23% higher than the previous year, but...

GameStop papers, silver slump down after flashmob-inspired growth - 02/03/2021

GameStop and AMC Entertainment shares traded on the New York Stock Exchange fell 54% and 49% respectively after briefly taking off late last week in response to a flash mob by internet users of the popular resource Reddit. Silver, to which users decided to switch following their success with GameStop shares, was also down by almost 9%. Analysts assumed that the decline in quotations was due to...
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