The Strategist
Companies & CEOs

Billionaire Mark Cuban invests in clean protein pet food manufacturer - 09/13/2021

Billionaire Mark Cuban has invested in a developer of artificial meat for animals. During the pandemic, the percentage of American families with at least one pet rose to a record 70%. In one year, they spent $42 billion on food. Billionaire Mark Cuban ($4.5 billion fortune, according to Forbes Real-Time) is investing in an artificial animal meat company. Wild Earth, a plant-based pet food...

GameStop shares lose over 7% after reporting losses - 09/09/2021

GameStop reported a net loss of $61.6 million for the quarter ended July 31. Last year, the video game retailer posted a loss nearly twice as large. The company intends to expand its business with online sales on both coasts of the United States. Shares of retailer GameStop, a company popular with Reddit traders, fell more than 7 percent in extended trading Wednesday, Sept. 8. That came after the...

Mastercard acquires Aiia banking platform - 09/08/2021

One of the world's largest credit card companies, Mastercard, is buying European open banking provider Aiia, according to Mastercard’s press release. "Mastercard today announced that it has entered into an agreement to purchase Aiia, Europe's leading provider of open-format banking services...," the company said in a statement. The firm notes that the transaction is expected to close at the end...

Ryanair leaves negotiations to buy large batch of Boeing 737 MAX - 09/07/2021

Ryanair, which is Boeing's largest customer outside the U.S., announced its withdrawal from negotiations to buy a new large batch of Boeing 737 MAX. The Irish company, Europe's largest low-cost carrier, was not satisfied with the price of these planes, and Boeing refused to lower the price, according to Reuters. Earlier, Ryanair had ordered Boeing 210 MAX 8200 (197-seat). The first 13 planes of...

Bloomberg: Beijing's plans to gain control over "Chinese Uber" - 09/06/2021

Beijing may buy a "golden share" of the cab service Didi, Bloomberg learned. This would give the state control of the company, which held an IPO in New York in the summer. The authorities in Beijing intend to buy control of the cab service Didi, obtaining the "golden share" with the right of veto and a seat on the board of directors, writes Bloomberg citing sources. Previously, the Chinese...

WhatsApp fined €225 million for violating EU data protection rules - 09/03/2021

The Irish watchdog fined WhatsApp a record €225 million for violating EU data protection rules. The messenger was accused of insufficiently informing users about the collection and use of their personal information. The company intends to appeal the decision. The Data Protection Commission of Ireland has fined messenger WhatsApp for €225 million for violating EU rules on user privacy. The...

Axel Springer buys Politico for $1B - 08/27/2021

German media concern Axel Springer announced purchase of the American publication Politico from its founder Robert Allbritton. The company did not disclose the financial terms of the deal, but according to American media reports citing sources, the transaction amounted to $1 billion. Axel Springer is buying the publication Politico in full, including a 50% stake in its European business (the...

Lufthansa, Delta AirLines announce mandatory employee vaccinations - 08/26/2021

Two major airlines announced introduction of mandatory vaccinations for their employees. Lufthansa will limit the requirement to crews working on flights, while Delta Air Lines is ready to charge additional fees to all employees who are not vaccinated by November. Reuters reported, citing a statement from the German carrier, that Lufthansa is still negotiating with the union representatives to...

New York Times learns of Facebook's plans to create election commission - 08/26/2021

Facebook has reached out to academics and experts over plans to create an advisory body for elections around the world. This was reported by The New York Times (NYT), citing five sources. Two of them said that creating a third-party expert commission would allow the social network to avoid accusations of political bias. Facebook's election commission, in particular, would address issues of...

Americans file record number of applications to start new companies during the pandemic - 08/20/2021

The number of applications for new companies in the U.S. has risen to a record high after decades of declining entrepreneurial activity. The coronavirus pandemic appears to have triggered a wave of entrepreneurial activity in the United States, which has seen a decline in startups for decades. The New York Times reported this, citing data from the U.S. Census Bureau. Last year, Americans filed...
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