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Big Tech’s Big Profits For SoftBank

PYMNTS

Big tech, big bets and big profits. Individual gains and losses are hard to ascertain, and commentary mentions certain holdings as contributing to overall unrealized results. That 408 billion yen, net, comes in contrast to SoftBank’s filing that unrealized losses from companies such as Uber totaled 195.3 billion yen ($3.9

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China’s Meal Delivery Service Meituan Now Valued At $100B

PYMNTS

Hong Kong’s Meituan , a food delivery service, hit a valuation of $100 billion on Tuesday (May 26) as shares soared, according to TechCrunch. Shares rose to $138 Hong Kong dollars ($17.80) following a decrease in the first quarter that wasn’t as sharp as the company predicted, and a net loss of 1.58 Tencent and Alibaba are the others.

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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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Gett Shutters Juno In New York, Partners With Lyft

PYMNTS

Gett is backed by Volkswagen and has a valuation of about $1.5 This development reinforces Gett’s strategy to build a profitable company focused on the corporate transportation sector, a market worth $1 trillion each year,” said Gett CEO Dave Waiser. All Juno riders will be invited to join Lyft.”.

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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 This development reinforces Gett’s strategy to build a profitable company focused on the corporate transportation sector, a market worth $1 trillion each year,” said Gett CEO Dave Waiser. All Juno riders will be invited to join Lyft.”.

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Putting the (Insta)cart before the (Grocery) horse: A COVID Favorite's Reality Check!

Musings on Markets

In the first, I will look at the grocery business, both in terms of growth and profitability of grocery stores, since Instacart, as an intermediary in the business, will be affected by grocery business fundamentals. On the profitability front, the grocery business operates on slim margins, at every level.

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Uber’s IPO: Pricey And Dicey Or Poised For Liftoff?

PYMNTS

Last year, noted the WSJ , the valuation had been rumored to be $120 billion, if and when the ride-hailing giant came to market. Lyft, of course, is making its bed with transportation, for good or for ill, and Uber has been branching out in an effort to find ancillary revenue streams, such as with food delivery.