thcb Morgan Stanley Downgrades Macy s Stock
Lwop B2B Payments, SWIFT And In The CloudNumerous brokerages initiated coverage of Airbnb and DoorDash on MondayJan. 4 , showing the high hopes for those companies ; revenue growth, Reuters writes.Both companies have also had notable valuations since their IPOs in December, Reuters writes, with Airbnb valued at just over $100 billion and DoorDash seeing a quadrupling of its valuation from an earlier funding round.Reuters writes that these high numbers show a continuing appetite among brokerages for tech firms. Over 25 brokerages expressed interest, Reuters writes. Morgan Stanley, Goldman Sachs, BofA and more led a 37 stanley quencher -firm underwriting group for Airbnb, and Do stanley canada orDash was the recipient of a 12-firm syndicate led by Goldman Sachs and J.P. Morgan Chase, Reuters writes.Both Airbnb home rental service and DoorDash food delivery are app-based, and analysts say there will be even more growth as travel restrictions ease and the expansion of the global food delivery economy continues.That said, analysts from BofA expressed concern about Airbnb valuation,given that Airbnb services are not new8230; andstanley cup competitors Booking and VRBO have solid positions in their home markets,Reuters writes.Of DoorDash, the analysts said the premium multiples were warranted because of the company greater scale and share gains. But the analysts said growth could slow in 2021.Airbnb took a hit due to the pandemic early on but was able to recover later in 2020 due to cutting costs.Platform companies have b Gbti Cross-Border s Slippery Cyber Slope
Amazon UK is making it easier for their customers to purchase big ticket items 鈥?and harder for their real world competitors to keep up.Going forward, Amazon is allowing consumers to pay for goods on installment plans. Consumers who wish to buy now but pay somewhat later can now select Amazon Pay Monthly as an option at checkout for orders over聽拢400~$589 over a series of installments that can stretch over two, three or fours yearsdepending on order amount . The i stanley mugs nterest rate on offer is 16.9 percent.No deposit is required on products, according to Engadget report stanley kubek s, as the initial payments counts as astanley quencher consumer first monthly payment.The news is not great news for U.K. name brand retailers like John Lewis or Argos 鈥?as big box electrical items, furniture and other big ticket items tend to be their purview 鈥?and not territory they are likely overly eager to share with Amazon.Currently, only products sold directly by Amazon are eligible for the Pay Monthly program and consumers must, of course, pass a credit check before being afforded the option.
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