What we’re reading (2/3)
“What Is GameStop Really Worth?” (DealBook). “Believe it or not, there are real-world financials to consider.”
“Jeff Bezos Exits As CEO, But His Role At Amazon Will Likely Be Little Changed” (Wall Street Journal). “Mr. Bezos likely reversion to his role as Amazon’s strategic guide has left many Amazon shareholders sanguine that the company’s trajectory won’t change much. Amazon’s stock, which rose 76% last year was up nearly 4% so far in 2021 before sliding 2% in Wednesday trading.”
“Apple And Hyundai-Kia Pushing Toward Deal On Apple Car” (CNBC). “After years of speculation that it will eventually get into the auto business with its own vehicle, Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia according to multiple sources who briefed CNBC on the plan.”
“Daimler To Spin Off Trucks, Change Name To Mercedes-Benz” (ABC News). “German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment focussed on zero-emission vehicles and software.”
“JetBlue Founder David Neeleman’s New Airline Is Almost Ready For Takeoff With The Addition Of New Aircraft — Here’s What We Know About Breeze Airways” (Business Insider). “Breeze is the fifth airline started by Neeleman following the serial aviation entrepreneur's successful runs at Morris Air, later sold to Southwest Airlines; WestJet; JetBlue Airways; and Azul Brazilian Airlines. Each one had a focus on low fares and positive customer service while shaking up the industry.”
