Marrying for money doesn’t often end up well but Tiffany and LVMH learned that the hard way. Tiffany and LVMH go from happily engaged, to courtroom battles in under a year and now they’re looking to work things out.
2020 has been the year of mega-deals for the semiconductor industry:
July — Analog Devices agreed to acquire Maxim Integrated Products for $21b.
Sept. — Nvidia agreed to acquire ARM holdings for $40b.
And just this week — On Oct. 27, AMD agreed to acquire chipmaker, Xilinx, for $35b in an all-stock transaction.
Upcoming — The Average Joe has agreed to acquire a cup of joe for each of our readers if we see another mega-deal in the semiconductor space before the end of 2020.
Hasbro Toys’ new strategy — preparing kids for college with their new game, Deer Pong.
Toymakers are having their biggest quarter in a decade. In the past week, two of the largest toy makers, Mattel and Hasbro, reported quarterly earnings that exceeded analysts’ expectations. Their stocks however, were met with different results:
Coke’s burning off excess calories — by discontinuing nearly half of their brands. On Oct. 22, Coke released their third quarter results that were better than expected:
Googlers, you’ve been served.
On Oct. 20, the US government sued Google, who was accused of using anti-competitive practices to reduce competition in the search engine market.
This is the most high-profile antitrust action taken by the US government since battling Microsoft in the 90s — Microsoft lost and then came a year of pain for Microsoft’s stock price, which stayed relatively flat between 2001-2013.
Walmart, the only place you can get your haircuts, eye exams and tires all in one place, is now also selling you ads. Walmart’s advertising division, Walmart Media Group, is slowly growing into an advertising giant. In 2020, its advertising division is expected to bring in $1b in sales —double the previous year.