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Gett Shutters Juno In New York, Partners With Lyft

PYMNTS

Gett is backed by Volkswagen and has a valuation of about $1.5 The company had aspirations of going public by 2020, but those plans have potentially hit a roadblock. . Waiser said he thinks the company will be profitable by December, and that he hasn’t completely written off the idea of an initial public offering (IPO). . “We

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Gett Closes Down NY Ridesharing Brand Juno; Partners With Lyft

PYMNTS

Gett is backed by Volkswagen and has a valuation of about $1.5 The company had aspirations of going public by 2020, but those plans have potentially hit a roadblock. . Waiser said he thinks the company will be profitable by December, and that he hasn’t completely written off the idea of an initial public offering (IPO). . “We

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Amazon’s Uncharted Territory And Travels On Indian Trains

PYMNTS

The Wall Street Journal reported that Amazon is expanding its grocery delivery services , and curbside pickup and convenience stores are being planned nationwide. But the category of perishables marks new territory for Amazon, which The Motley Fool thinks could present a challenge and put a deep dent in short-term profits. In the U.S.,

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Inventory Management in Manufacturing

VCFO

That’s because inventory is a key driver of several profit & loss (P&L) statement components, from revenue all the way down to net profit. Conversely, overstating inventory valuation will lead an organization to think it has too much inventory on hand. A benchmark exercise can also provide insight here.

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Taxi-Hailing Firm Gett Eyes 2019 IPO

PYMNTS

Gett, a ride-hailing company that works with taxis, is planning an initial public offering later this year, The Financial Times reported. The company offers transportation through established taxi systems rather than the minicab model used by Uber and Lyft, and it expects to become profitable later this year. million there.

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Transcript: Kathleen McCarthy

Barry Ritholtz

And it became the most profitable private equity investment ever made and — it is true. And Blackstone’s funds through that period, generated substantial profits because we had made those good choices, not just about the investments — RITHOLTZ: Right. MCCARTHY: That is what’s most important.

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Transcript: Sean Dobson, Amherst Holdings

Barry Ritholtz

And so, so we sort of felt pretty stupid for a while because we did a lot of losing trades in 2006 that were the, you know, that obviously didn’t come to fruition until the actual people could see the losses. So in mortgages, the borrower can stop paying maybe a year to two years before the lenders actually book a loss.