Beyond meat down big lets get more on beyonds quarter. Beyond meat shares taking a dive as you mentioned after the Company Announced a secondary Share Offering shares slip more than 11 after the company made that announcement a secondary offering of 3. 25 million shares which increases its float. That could boost short seller interest in the stock which prior to earnings was a 16 of the float. Keep in mind that number itself was a bit inflated because the company is still in its lockup period the company mentioned on the call it cant comment on the secondary offering due to regulatory requirements. Beyonds worst to date was on june 11th when it lost more than 25 . The stock is still up a little less than 700 since its i. P. O many analysts were focussed on the companys top line growth. Beyond attributes its top line beat to a number of factors, including new partners and increased demand from existing partners we are using our advantage to drive, continued expansion in retail and Food
Theyre about to make a big bet on all Day Breakfast. Will this be the move that finally turns things around for the fast food giant . Or is it just too little too late . We have both sides of yet another heated debate on mcdonalds. Everybody, you either love it or hate it right now. Nobody is lukewarm on mcdonalds these days. A lot of people like breakfast for dinner. We will see. That big selloff in commodities. Keeping an eye on that for you. Gold seeing the longest losing streak since back in 1996. Well discuss whether the strong dollar and the commodity drop could actually delay a fed rate hike. Oil just closing below 50 a barrel. Well start, though first with the tech sector. Getting hit the hardest today after apple and others reported disappointing Quarterly Results yesterday. Apple and microsoft are the bottom performers on the dow. Yeah we had those two plus go pro and yahoo. Theyre all down today. And go pro now has turned positive. It got slammed hard initially after reporte
As 10,000 to customers who voluntarily give up their seats on overbooked flights. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline im caroline hyde. This is Bloomberg Technology. Coming up, big tech declares the first quarter. We will crunch the numbers. Alphabet survives its ad platform backlash and unleashes a banner first quarter. We will highlight the numbers across the board. Microsoft concerns bubble to the surface. Shares drop from record highs after the thirdquarter report. We explain why. Popping inon shares extended trading. I want to bring you up where we are currently performing, up about 4 in trading after record highs hit on thursday. 3. 6 , the ecommerce giant reported a 23 increase in sales and a profit of 724 million in its quarterly report. The Cloud Services arm reported 43 increase in sales. Founder and Ceo Jeff Bezos highlighted the
As 10,000 to customers who voluntarily give up their seats on overbooked flights. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline im caroline hyde. This is Bloomberg Technology. Coming up, big tech declares the first quarter. We will crunch the numbers. Alphabet survives its ad platform backlash and unleashes a banner first quarter. We will highlight the numbers across the board. Microsoft concerns bubble to the surface. Shares drop from record highs after the thirdquarter report. We explain why. Popping inon shares extended trading. I want to bring you up where we are currently performing, up about 4 in trading after record highs hit on thursday. 3. 6 , the ecommerce giant reported a 23 increase in sales and a profit of 724 million in its quarterly report. The Cloud Services arm reported 43 increase in sales. Founder and Ceo Jeff Bezos highlighted the
Our exclusive with the ceo ahead. First to our lead. This week saw a showdown brewing in washington, cracking open the Net Neutrality debate. Fcc chairman ajit pai unveiled his game plan for rolling back Net Neutrality rules at a speech wednesday in the nations capital. Passed in 2015 by a democratic majority fcc, the Net Neutrality rules and to prohibit internet to prohibit Internet Service providers from favoring or discriminating against online applications, content, and services. Now democratic senator Edward Markey from massachusetts responded to the chairmans repeal, saying, it makes no sense. We cannot keep the promise of Net Neutrality openness and freedom without the rules to ensure it. Pai and the Trump Administration and the ceo should inspect a tsunami of resistance. The ceo said the rules as they stand have made a digital divide. We spoke to fcc digital chairman ajit pai from washington, d. C. Ajit this will be a political debate that will engage millions of people, but we