Follow the Leader … Ford announced its plans to cut prices on its electric Mustang Mach-E, shortly after Tesla announced a similar plan, meaning all of their Mach-E models will not be profitable on a per-unit basis.
Spotify is officially the first streaming service to pass 200 million paid subscribers, capturing 30% of the global music streaming market, while Apple Music holds 15%.
After 54 years, Boeing ended production of the 747 with the last flying off this week. The last one delivered has a decal next to the nose in remembrance to Joe Sutter, who is considered by many as the “father” of this famous aircraft.
Exxon posted a $56 billion net profit for 2022, taking home about $6.3 million per hour last year, and setting not only a company record, but a historic high for the Western oil industry.
E-commerce giant Amazon released mixed earnings with a revenue beat but missing both earnings per share and first quarter guidance. With a net loss of $2.7 billion, it marks the company’s largest annual loss on record.
Disney’s Splash Mountain is officially closed, and the demand for mementos is going strong. Some are even buying the water from the ride, but you know what the regulars say, Disney water is just…different.
Later this year, there will no longer be Showtime, as it will be merged into Paramount+, making it a multiplatform brand in the streaming space.
Everyone likes a good comeback story: Peloton shares jumped after the company posted subscription revenue growth outpaced hardware sales. The stock is now up 86% year to date.
Google is asking its employees to test potential ChatGPT competitors, including a chatbot called “Apprentice Bard.” Can’t they just ask ChatGPT to build a new chatbot?