Fraudster, Shamoon Rafiq, pleaded guilty to conspiracy to commit securities and wire fraud after a scheme to sell fake pre-IPO equity in Airbnb. Questions: Source: Goswami, R. (2024). Fraudster who peddled fake pre-IPO Airbnb stock falsely claimed to represent Egypt’s Mansour family. CNBC.com, Feb. 27 (Retrievable online at https://www.cnbc.com/2024/02/27/fraudster-impersonated-mansour-family-to-peddle-fake-airbnb-equity.html)
Posts Tagged: strategic management
Underperforming Stores are Closing
According to CNN, the struggling Family Dollar discount chain will close nearly 1,000 stores as parent company, Dollar Tree, has struggled to integrate Family Dollar. Questions: Source: Meyersohn, N. (2024). Family Dollar and Dollar Tree will close 1,000 stores. CNN, March 13 (Retrievable online at https://www.cnn.com/2024/03/13/investing/family-dollar-dollar-tree-closing-stores/index.html)
We Committed, but We’re Doing a “Take-Back”
According to the New York Times, financial giants are trimming their climate pledges amid Republican attacks. Questions: Source: Gelles, D. More Wall Street Firms Are Flip-Flopping on Climate. Here’s Why. The New York Times, Feb. 19 (Retrievable online at https://www.nytimes.com/2024/02/19/business/climate-blackrock-state-street-jpmorgan-pimco.html)
Will The Future Ever Looks Like This?
According to the New York Times, “natural asset companies” would put a market price on improving ecosystems, rather than on destroying them. Questions: Source: DePillis, L. (2024). Nature Has Value. Could We Literally Invest in It? The New York Times, Feb. 18 (Retrievable online at https://www.nytimes.com/2024/02/18/business/economy/natural-assets.html)
The Great Compression: High Rents Lead to Smaller Living Quarters
According to the New York Times, the era of the 400-square-foot subdivision house is upon us. Questions: Source: Dougherty, C. (2024). The Great Compression. The New York Times, Feb. 17 (Retrievable online at https://www.nytimes.com/2024/02/17/business/economy/the-great-compression.html)
Dietary Supplement or Over the Counter Opiod?
According to the New York Times, tianeptine, found at convenience stores, at smoke shops and online, can mimic an opioid. It is among a growing class of dietary supplements that are difficult to control. Questions: Source: Hoffman, J. (2024). ‘Gas-Station Heroin’ Sold as Dietary Supplement Alarms Health Officials. The New York Times, Jan. 10 (Retrievable… Read more »
E.L.F. Makeup – Profile Rising Due to Social Influencers
According to the Washington Post, companies such as E.L.F., Essence and NYX have flourished as beauty influencers — particularly on TikTok and YouTube — raised their profiles, and as entrenched inflation made many consumers reassess their spending. Questions: Source: Peiser, J. (2023). Viral ‘dupes’ make E.L.F. the makeup brand of the moment. The Washington Post,… Read more »
No Deal
According to Reuters, U.S. health insurer, Cigna (CI.N) has ended its attempt to negotiate an acquisition of rival Humana (HUM.N) after the pair failed to agree on price. Questions: 2. Cigna is still exploring the sale of its Medicare Advantage business. What does this segment focus on? 3. Cigna is planning to do a total of how much total… Read more »
Did “Skimpflation” invade your Thanksgiving dinner?
Does you favorite food seem to be in smaller proportions than usual? If so, you might want to see if you are being faced with “skimpflation”? Questions Source: George, M. (2023). “Skimpflation” may be slipping by grocery shoppers. Here’s how to spot it. Nov. 27 (Retrievable online at https://www.msn.com/en-us/foodanddrink/foodnews/skimpflation-may-be-slipping-by-grocery-shoppers-heres-how-to-spot-it/ar-AA1kBhsJ).
WeWork – Not a Surprising Demise To Some Analysts!
According to CNN.com, WeWork, the beleaguered coworking space company, has filed for bankruptcy, marking a stunning downfall for what was once the world’s most valuable startup. Questions: 1. Around its peak, what was the company’s stock valued at? 2. WeWork plans to stay open and operational as it does what? 3. According to the article,… Read more »