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Amazon’s stock split is more noteworthy compared to other tech companies. Beyond the optics of the “cheaper” stock, the company now has a new lever around compensation for its 1.1MN logistic workers.
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Barry McCarthy is wasting no time making some significant moves as CEO of Peloton. The company will be experimenting with a 30% reduction in the monthly cost to drive user growth. This comes after Peloton’s failed attempt to discount the bike by 20% last Fall.
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TikTok is nearing a deal with Oracle for carrying data outside of China. Our view is as long as TikTok’s algorithm is still controlled by the Chinese government, the company runs the risk of being banned within the United States.