Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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These 10 hottest tech skills could pay off the most in 2020, says new report

In today’s job market, technology skills are crucial. The demand for IT workers is high, pay for tech jobs is competitive, and more workers in nearly every line of work are putting effort into learning data and technology skills. Udemy’s latest 2020 Workplace Learning Trends Report, however, found that the No. Udemy’s list of emerging skills and trends underscore the need for workers to continue learning new skills to add value to their jobs. These are the latest skills that could shake up the t


In today’s job market, technology skills are crucial.
The demand for IT workers is high, pay for tech jobs is competitive, and more workers in nearly every line of work are putting effort into learning data and technology skills.
Udemy’s latest 2020 Workplace Learning Trends Report, however, found that the No.
Udemy’s list of emerging skills and trends underscore the need for workers to continue learning new skills to add value to their jobs.
These are the latest skills that could shake up the t
These 10 hottest tech skills could pay off the most in 2020, says new report Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jennifer liu
Keywords: news, cnbc, companies, skills, 2020, workers, report, osborne, emerging, users, trends, tech, shifting, pay, hottest, learning, technology


These 10 hottest tech skills could pay off the most in 2020, says new report

In today’s job market, technology skills are crucial.

The demand for IT workers is high, pay for tech jobs is competitive, and more workers in nearly every line of work are putting effort into learning data and technology skills. But with the rapid rise of advanced technology, it can be difficult to pin exactly which skills will pay off the most in the long run.

Udemy’s latest 2020 Workplace Learning Trends Report, however, found that the No. 1 new skill its users are most interested in is Gatsby.js, an open-source framework that helps developers build websites and apps. Created in 2015, Gatsby.js has been used by notable brands such as Nike, Impossible Foods and Hopper.

The online learning platform analyzed data from more than 40 million of its users to determine which emerging skills are gaining popularity within the tech industry.

Shelley Osborne, vice president of learning at Udemy, told CNBC Make It that it’s crucial for workers and job seekers to identify new skills that may give them a competitive advantage in their field of work.

These “fast-growing, emerging trends” are brand new, Osborne explained. “People may have not even known about these programming languages that have appeared in the past 12 months. You’re not going to find people en masse who have these skills.”

Udemy’s list of emerging skills and trends underscore the need for workers to continue learning new skills to add value to their jobs. Employers should also make the proper investments to develop such talents from within.

“The macro note is the trends are always changing and the skills are shifting every year,” Osborne said. “When we’re having to contend with trends shifting so quickly, it’s hard to hire for that, which is why it’s important to look at this from a learning standpoint.”

These are the latest skills that could shake up the tech scene in 2020:


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jennifer liu
Keywords: news, cnbc, companies, skills, 2020, workers, report, osborne, emerging, users, trends, tech, shifting, pay, hottest, learning, technology


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Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks. “Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. Roku’s valuation levels have surged past digital media players and


A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.
Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.
“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming.
Roku’s valuation levels have surged past digital media players and
Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: ‘It’s all priced in’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


Morgan Stanley downgrades Roku, one of the hottest stocks of 2019: 'It's all priced in'

A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017.

Morgan Stanley lowered its rating on Roku to underweight from equal weight, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to recognize some key risks.

Roku’s stock fell more than 16% in trading on Monday.

“Roku shares are up over 400% YTD due to rising estimates and overall exuberance over all things streaming. As a result, we see the risk/reward skewed to the downside. Roku’s valuation levels have surged past digital media players and even past high-growth SAAS [software as a service] companies … despite structurally lower gross margins,” Morgan Stanley analyst Benjamin Swinburne said in a note to investors. The note was titled, “It’s all priced in.”


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: michael sheetz
Keywords: news, cnbc, companies, stocks, note, companys, video, past, priced, 2019, york, weight, morgan, valuation, downgrades, hottest, stanley, roku, ytd


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What’s on kids’ wish lists? Here are 12 of the hottest toys for the holidays

evgenyatamanenko | iStock | Getty ImagesThe holiday season is fast approaching, and toys are already flying off the shelves. Thames & KosmosSTEM (science, technology, engineering and math) toys remain popular with kids and parents. WowWeeThe earworm that kids can’t stop singing has been transformed into dozens of toys for the holidays. Lego Hidden Side Graveyard MysteryPrice: $29.99A unique play experience that combines the open creative play of LEGO building toys for kids with an augmented real


evgenyatamanenko | iStock | Getty ImagesThe holiday season is fast approaching, and toys are already flying off the shelves.
Thames & KosmosSTEM (science, technology, engineering and math) toys remain popular with kids and parents.
WowWeeThe earworm that kids can’t stop singing has been transformed into dozens of toys for the holidays.
Lego Hidden Side Graveyard MysteryPrice: $29.99A unique play experience that combines the open creative play of LEGO building toys for kids with an augmented real
What’s on kids’ wish lists? Here are 12 of the hottest toys for the holidays Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: sarah whitten
Keywords: news, cnbc, companies, whats, toys, christmas, toy, surprise, baby, holiday, sounds, kids, holidays, play, hottest, wars, lists, wish


What's on kids' wish lists? Here are 12 of the hottest toys for the holidays

Parents and children open presents on Christmas morning. evgenyatamanenko | iStock | Getty Images

The holiday season is fast approaching, and toys are already flying off the shelves. The toy industry is poised for growth this year as it faces weak comparisons with last year’s holiday season, which was the first without Toys R Us. The closing of the toy retailer hurt sales last year, because parents stocked up on toys at liquidation sales earlier in the year. This year, parents will want to plan carefully because there are six fewer days between Thanksgiving and Christmas, something that hasn’t happened since 2013. According to the NPD Group, there was a surge in sales during the final week before Christmas during that shortened season six years ago. “We should expect the same levels of growth this year during the week of Christmas; and with the online channel becoming less of an option as we get closer to Christmas day, it’s a great opportunity for brick and mortar stores to gain share,” Juli Lennett, vice president and industry advisor at The NPD Group, said in a report last week. “Retailers need to have the inventory on shelves through Christmas Eve or risk losing out on this last minute rush.” A lot is riding on the next few weeks, since toy sales have fallen 5.5% year to date. Lennett expects a strong fourth quarter because momentum has improved. The third quarter saw a 3% bump in sales, buoyed by purchases of L.O.L. Surprise packs, Marvel toys, Barbie dolls and Nerf blasters. Licensed toys, in particular, are outpacing industry growth, seeing a 5% bump in the most recent period. Fortnite, Pokemon, Baby Shark and entertainment properties such as Marvel and “Toy Story” were among the top-selling items. “The upcoming movie releases of ‘Frozen 2’ and ‘Star Wars’ will be an additional growth driver this holiday season as consumers buy toys that relate to those films,” Lennett said. Here’s a closer look at the hottest toys this 2019 holiday season:

Disney ‘Frozen’ Ultimate Arendelle Castle Playset

Price: $199

The ultimate Arendelle castle Playset is 5 feet tall, 4 feet wide with 2 sides of folding gates and 4 floors including a lookout tower. Hasbro

“Frozen II” is now out in theaters, and it’s destined to be one of the few things kids will talk about until the holidays — and well beyond. There are hundreds of different “Frozen”-inspired toys on shelves, ranging from plush and dolls to mini-figures and Funko Pops. The Ultimate Arendelle Castle Playset stands over five feet tall and has four floors with seven different rooms, including a kitchen, music room and throne room. While the set does not come with the Anna and Elsa dolls, it does have several accessories. The playset comes with items such as a piano, throne, banquet table, sofa and vanity. It also has a button on the top of the tower that starts a colorful light show.

My Robotic Pet: Tumbling Hedgehog

Price: $39.95

My Robotic Pet: Tumbling Hedgehog is a STEM experiment kit from Thames & Kosmos. Thames & Kosmos

STEM (science, technology, engineering and math) toys remain popular with kids and parents. The Tumbling Hedgehog from Thames & Kosmos is a 172-piece kit. When it’s put together, kids will have their very own robotic hedgehog that can be programmed to tumble, roll and spin. The hedgehog takes one to two hours to construct, so it’s recommended for children over the age of 7, if they have an adult to help with the building portion, or 10 and older for solo play.

Marvel’s ‘Avengers: Endgame’ Power Gauntlet

Price: $69.99

The intricately detailed design of this electronically articulated Power Gauntlet is inspired by the “Avengers: Endgame” movie, part of the Marvel Cinematic Universe. Hasbro

Fans of Marvel’s “Avengers: Endgame” young and old can enjoy Hasbro’s Iron Man Power Gauntlet. The piece is a premium role-play item and features working lights and sounds. The articulated fingers can be controlled from inside the gauntlet and used for play or can be manipulated and locked for display.

Star Wars Scream Saber Lightsaber

Price: $29.99

The Star Wars Scream Saber allows boys and girls to record their own lightsaber sounds like wacky screams, funny animal noises, and other irreverent sounds. Hasbro

Want to be a Jedi — or a Sith — but don’t like the traditional buzzing sound of a lightsaber? The Star Wars Scream Saber is the perfect alternative. The roleplay item allows you to record a short sound bite or choose from a selection of pre-recorded sounds. Once you’ve input your sound, a “meow,” a scream or some other wacky noise or word, the saber will repeat it every time you swing the toy.

Paw Patrol Super Mighty Pups Lookout Tower

Price: $99.99

Standing 2 and 3/4-feet tall, kids have the perfect vantage point of Adventure Bay from the Mighty Lookout Tower’s real working telescope. When trouble is spotted, push the buttons to activate real lights and sounds and help the PAW Patrol save the day. Spin Master

One of the hottest entertainment properties in the world is “Paw Patrol.” From figurines to plush, kids can’t get enough of Ryder, Marshall, Skye and the rest of the Paw Patrol gang. The Paw Patrol Super Mighty Pups Lookout Tower stands just under three feet tall and features a working telescope. Kids can push the button on the tower to receive missions from Ryder and make use of a plastic zip line to get the pups ready to save the day.

Pinkfong Baby Shark Official Song Doll

Price: $16.99

Soft plush Baby Shark dolls sing verses from the baby shark song. WowWee

The earworm that kids can’t stop singing has been transformed into dozens of toys for the holidays. WowWee has brought to market a plush version of the three baby sharks from Pinkfong’s global hit song. Soft on the outside, these baby sharks will play different verses from the Baby Shark song when their tummies are pressed.

Funko Pops!

Price: $10 and up

Collectible Funko Pops from Funko. Funko

Collectibles aren’t just for kids. Funko has become a cornerstone in the geek merchandise industry with its variety of pop culture figurines. At an affordable price, these Pops make great stocking stuffers. From “Game of Thrones” and “Harry Potter” to “Dragonball Z” and “Fallout,” the company has more than 1,000 different licensed vinyl figures. Expect to see figures from “Frozen II,” “Star Wars: The Rise of Skywalker” and “The Mandalorian” flying off shelves this holiday season.

Lego Hidden Side Graveyard Mystery

Price: $29.99

A unique play experience that combines the open creative play of LEGO building toys for kids with an augmented reality app. LEGO

For those looking to mix traditional building play with new technologies, Lego’s Hidden Side Graveyard Mystery could be the perfect gift for the holidays. Once the set is built, kids can play with it normally or download an augmented reality app that brings the set to life. Using the app, they can find and capture ghosts, play mini-games and unlock new challenges.

Fortnite Jumbo Loot Llama Pinata

Price: $70.99

Unbox theJumbo Llama by tearing it open and digging through confetti to reveal your loot. JAZWARES

Fortnite has become one of the most popular video game franchises of recent years. Parents looking to peel their kids away from the digital world and into physical play should check out the Jumbo Loot Llama Pinata set. The 25-inch-tall llama pinata needs to be busted open for kids to find the 100 pieces of loot inside, but they’ll need to wade through quite a bit of confetti.

The Nugget

Price: $229

The infinitely configurable play couch made up of four foam pieces: base, cushion, and two triangle pillows. The Nugget

At first glance, it may not look like a toy. But kids will be able to let their imaginations run wild with The Nugget. Gone are the days of draping blankets over stools and chairs to make forts. The Nugget play couch can be configured into different shapes for relaxation and play. The Nugget comes with four foam pieces: a base, a cushion and two triangle pillows. The play couch is a hot commodity and sells out quickly after it is restocked.

L.O.L. Surprise Winter Disco Chalet

Price: $239

L.O.L Surprise! Winter Disco Chalet is a wooden, multi-story, chalet-style house with 6 rooms and 3 stories. It includes more than 95 surprises inside. MGA Entertainment

Blind packs and collectibles have always been popular with kids, but L.O.L. Surprise seems to have changed the game. MGA Entertainment won a Toy of the Year Award for L.O.L. Surprise in 2017 and is not slowing down. Half the fun of buying an L.O.L Surprise is opening it. The dome-shaped case is filled with a doll and several accessories that are each hidden under a layer of plastic. Each time you peel back a layer, you get another surprise. There are thousands of YouTube videos dedicated to these “unboxings” with millions of views. While the smaller domes can be great stocking stuffers, MGA is offering up a massive doll house, the Winter Disco Chalet, this holiday season that contains more than 95 “surprises.”

Nerf Ultra One Blaster

Price: $49.99

Nerf Ultra darts are the farthest flying Nerf darts ever: blast into the game-changing superiority with Nerf Ultra darts.


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: sarah whitten
Keywords: news, cnbc, companies, whats, toys, christmas, toy, surprise, baby, holiday, sounds, kids, holidays, play, hottest, wars, lists, wish


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These are the 25 hottest US start-ups to work for, according to LinkedIn

That’s according to LinkedIn’s latest ranking of the top start-ups around the country that are creating the most buzz among job seekers. Here are the hottest start-ups to work for in 2019. The company is valued at $4 billion, according to LinkedIn, and has 80 open roles in engineering, product and sales. Glossier U.S. headcount: 200 Headquarters: New York, New York The online beauty retailer appears on the hottest start-ups list for the third time, and for good reason. Snowflake U.S. headcount:


That’s according to LinkedIn’s latest ranking of the top start-ups around the country that are creating the most buzz among job seekers. Here are the hottest start-ups to work for in 2019. The company is valued at $4 billion, according to LinkedIn, and has 80 open roles in engineering, product and sales. Glossier U.S. headcount: 200 Headquarters: New York, New York The online beauty retailer appears on the hottest start-ups list for the third time, and for good reason. Snowflake U.S. headcount:
These are the 25 hottest US start-ups to work for, according to LinkedIn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: jennifer liu
Keywords: news, cnbc, companies, headcount, company, headquarters, work, linkedin, data, york, open, according, startups, startup, hottest, companies, california


These are the 25 hottest US start-ups to work for, according to LinkedIn

When it comes to up-and-coming companies that people want to work for most, ventures in data storage, cannabis, industrial safety, delivery and fintech are leading the pack. That’s according to LinkedIn’s latest ranking of the top start-ups around the country that are creating the most buzz among job seekers. The professional networking site analyzed activity from over 645 million members to create the ranking, which evaluates factors like interest in the company, employment growth, engagement with employees, job interest and ability to attract talent from LinkedIn Top Companies. Taking the No. 1 spot this year is Snowflake, a cloud-based data storage company that was founded in 2012 and landed in the top 20 last year. Companies that infuse tech into traditional consumer goods and services — from food delivery to real estate to financial services to fitness — make up a large portion of the list. “The annual Top Start-ups list is a reflection of how work is changing, what new industries are emerging and rapidly growing, and where people want to work now,” said Jessi Hempel, senior editor at large at LinkedIn, in a statement. “Over 11,000 positions were filled at the Top Startups over the last year, and there are thousands of open jobs available at the companies right now.” Here are the hottest start-ups to work for in 2019. 25. Zume U.S. headcount: 510 Headquarters: Mountain View, California One-third of the world’s food goes to waste, according to Zume, which is why the California-based company is on a mission to reduce food waste by tapping into the power of data. Started in 2015, Zume connects restaurants and suppliers with real-time food consumption data and predictive analytics so they can adjust how they purchase. The start-up is actively growing its product, engineering and sales teams to amp up customer acquisition efforts. 24. Ritual U.S. headcount: 70 Headquarters: Culver City, California The subscription-based vitamin company recently raised $25 million in Series B funding, and investments in product innovation and scientific research are in the works. Job seekers with their sights on joining the women-led start-up should demonstrate tenacity, says Kadie Bowen, VP of people & organization development at Ritual: “Use alternative means to get the attention of the Ritual hiring team.” 23. Coda U.S. headcount: 60 Headquarters: Multiple Coda wants to build one doc to rule them all. The computer software start-up offers a unified work space of text and data meant to stretch the limits of what spreadsheets and documents can do. It’s used by companies like Uber, Spotify, Box, and The New York Times. 22. XFL U.S. headcount: 130 Headquarters: Stamford, Connecticut Backed by WWE chairman Vince McMahon, the relaunch of XFL will re-imagine professional football on and off the field by making games faster and fan-focused. The new professional football league kicks off in February 2020 with eight teams on the roster. To prepare, the company is staffing up its social media, marketing and community management efforts. 21. Rubrik U.S. headcount: 1,070 Headquarters: Palo Alto, California This cloud data-management start-up was founded by former Oracle, Facebook and Google engineers in 2014. The Silicon Valley organization hired 700 employees in the past year, according to LinkedIn, and is currently scouting new hires in sales and engineering with a “customer-first mindset.” Former Cisco executive Wendy Bahr joined the team as chief commercial officer earlier this year. 20. Databricks U.S. headcount: 660 Headquarters: San Francisco, California Founded in 2013, Databricks provides a unified analytics platform to help companies use big data across data science, engineering and business teams. Naturally, using data points to explain why you’re a good fit for the company is encouraged for those applying to one of the company’s 177 open positions. Its global customer base includes Viacom, Shell and HP. 19. Bird U.S. headcount: 500 Headquarters: Santa Monica, California The electric scooter venture continues to scoot along after also being named one of the top start-ups in 2018. Since then, it’s become the fastest company ever to reach a $1 billion valuation (AKA, unicorn status). Bird scooters are now available in over 100 cities across North America, Europe and the Middle East, and the company has nearly 1,000 open positions around the world.

Scooters take over SXSW in Austin, TX

18. Aurora U.S. headcount: 305 Headquarters: Palo Alto, California Aurora, a company developing technology for self-driving cars, was founded in 2017 with Sterling Anderson of Tesla, Drew Bagnell of Uber and Chris Urmson of Google at the helm. The driverless car company added more than 200 employees in the past year, many of whom came from other top companies such as Waymo and Apple. Open positions across Silicon Valley and Pittsburgh — like autonomous vehicle technician and technical artist — abound. 17. SimpleBet U.S. headcount: 65 Headquarters: New York, New York This sports betting supplier uses machine learning to automatically update and create real-time bettering opportunities for MLB games. With its recently launched pricing platform under way, the start-up plans to expand to NFL and NBA markets, according to LinkedIn. 16. TripActions U.S. headcount: 600 Headquarters: Palo Alto, California TripActions, a corporate travel-management platform, hired 650 global workers in the last year alone, bringing its total workforce to 725 at offices in Palo Alto, San Francisco, Dallas, New York, Sydney, Amsterdam and London. It partners with companies like Dropbox, Lyft and the ACLU to provide integrated travel solutions for business trips. The company is valued at $4 billion, according to LinkedIn, and has 80 open roles in engineering, product and sales. 15. Zoox U.S. headcount: 890 Headquarters: Foster City, California Zoox is working to launch an autonomous, all-electric ride-hailing service by 2020, and it’s made major changes in the previous year in order to get there. The self-driving start-up recently celebrated its five-year anniversary; hired a new CEO Aicha Evans, formerly the chief strategy officer at Intel; and opened a new headquarters for 600 workers in the Bay Area. 14. Flexport U.S. headcount: 1,080 Headquarters: San Francisco, California Flexport aims to bring advanced technology and data analytics, logistics infrastructure and supply chain expertise to modernize freight forwarding and make global trade more efficient. The company doubled its revenue growth in the past year, and the addition of $1 billion in new funding brought its valuation up to $3.2 billion. The start-up’s rapid scaling has also meant new career opportunities for workers from within: Over 250 Flexport workers changed roles in the last year, and 60 moved around the world as the company has expanded to new regions. 13. Away U.S. headcount: 360 Headquarters: New York, New York The luggage brand takes travel seriously and offers employees with three years under their belt a bonus and time off to take a sabbatical. The company has over 100 open roles around the world, and ideal candidates should “love opportunities for rapid new skill development and be comfortable with ambiguity and change,” says Erin Grau, VP of people and culture. Don’t see the right opportunity for you? Away invites job seekers to “Name Your Job ” and share how a new role could contribute to the company’s growth. 12. Lime U.S. headcount: 350 Headquarters: San Francisco, California The company joins LinkedIn’s list of top start-ups for the first time and has spent the past year taking its name to the forefront of the expanding electric scooter business. Over two years of growth, Lime’s dockless bikes and scooters are now available in nearly 100 U.S. cities and has an international presence in South America, Europe, the Middle East and Australia. 11. Glossier U.S. headcount: 200 Headquarters: New York, New York The online beauty retailer appears on the hottest start-ups list for the third time, and for good reason. In the past year, it’s generated $100 million in sales and is now valued at $1.2 billion, according to LinkedIn. While founder Emily Weiss built her company after a string of jobs in fashion and beauty, previous beauty industry experience isn’t required for job seekers to join the beauty-blog-turned-retailer. “Many people are surprised to learn that most of our employees actually didn’t come from the beauty industry,” says Samantha Verdile, a company spokesperson.

Source: Glossier

10. Nuro U.S. headcount: 300 Headquarters: Mountain View, California Nuro wants to accelerate the benefits of robotics for everyday life, and it’s starting with self-driving delivery pods. The start-up previously worked with Fry’s Food to deliver groceries in Scottsdale, Arizona, and earlier this year announced a partnership with Kroger in Houston. Its workforce has been recruited from other major tech companies like Apple, Google, Tesla and Uber, and there are 200 open opportunities to join the ranks. 9. Compass U.S. headcount: 2,300 Headquarters: New York, New York The country’s third-largest residential real estate brokerage is working to integrate technology into the housing market by building an end-to-end platform that supports the entire buying and selling workflow. The start-up has a vast network of agents in 17 major markets across the U.S. and is on a hiring spree to fill hundreds of product and engineering staffers. 8. Peloton Interactive U.S. headcount: 1,800 Headquarters: New York, New York Peloton recently filed publicly for its upcoming IPO and over the last year reported growing sales but widening losses. Founded in 2012, the at-home fitness company grew its subscriber base from 245,667 a year ago to 511,202 in 2019. As far as attracting and retaining top talent from instructors to engineers, CEO John Foley stresses the importance of both office perks (like the right Kind bars and IPAs on tap) as well as a mission-driven culture and “pre-IPO currency.” It expects to raise $500 million in its offering.

7. Robinhood U.S. headcount: 500 Headquarters: Menlo Park, California Robinhood, the fintech start-up that lets users buy and sell stocks and exchange-traded funds via a mobile app, recently secured a $323 million funding round that brought its valuation up to $7.6 billion. The company is looking to staff up its engineering and compliance teams, who primarily work out of an office in Lake Mary, Florida. 6. Good American U.S. headcount: 80 Headquarters: Los Angeles, California When Khloe Kardashian and Emma Grede launched their size-inclusive denim line in 2016, they logged $1 million in sales on the first day. Since then, the start-up has expanded to offer apparel including dresses, leggings, bike shorts and maternity wear in sizes ranging from 00 to 26. For job seekers vying to join the body-positive company: “We always look to hire out-of-the-box thinkers, those who are passionate, solution-oriented and able to understand our customer on a deeper level,” the company told LinkedIn. 5. Brex U.S. headcount: 230 Headquarters: San Francisco, California Founded in 2017, the business-focused fintech is focused on expanding its presence beyond the Bay Area and now has a workforce across New York City, Salt Lake City and Vancouver. The start-up is re-imagining corporate credit cards for other start-ups and has 85 open roles across marketing, partnerships, operations and more. 4. DoorDash U.S. headcount: 1,780 Headquarters: San Francisco, California With six years under its belt, DoorDash has steadily doubled its employee headcount every year. The food delivery platform shows no signs of stopping. It acquired competitor Caviar in August, which will expand its restaurant portfolio and customer base in over 4,000 cities across the U.S. and Canada.

DoorDash delivery person Source: DoorDash

3. Samsara U.S. headcount: 1,115 Headquarters: San Francisco, California Samsara is committed to increasing the efficiency, safety and sustainability of operations that power the economy. The start-up does so by marrying hardware (like sensors and cameras) with analytical software across industries like trucking, food production, manufacturing and local governments. In order to serve over 10,000 customers, Samsara has 280 open roles across engineering and sales and marketing. “In the next year, our plan is to hire approximately 1,000 new employees to build new products, enter new markets and support our expanding customer base,” says Melissa Yeh, Samsara’s head of people and places. 2. Dosist U.S. headcount: 200 Headquarters: Los Angeles, California The wellness company’s main product is its proprietary cannabis dose pen, which aims to help users reduce pain, inflammation and insomnia. Launched in 2016, the vape pen was named one of Time’s 25 best inventions of that year, and the company opened two brick-and-mortar “wellness experience” locations this year. Dosist added 100 new employees since 2018 and is currently hiring for 20 more. 1. Snowflake U.S. headcount: 1,065 Headquarters: San Mateo, California Topping the list of hottest start-ups this year is Snowflake, which helps companies move data to the cloud. After taking the 20th spot on the list last year, the software company has since nearly tripled its workforce, grew revenue by 257% and doubled its valuation to $3.9 billion. To take the company to new heights in the next year, Snowflake is hiring for 85 new staffers with a focus on growing its engineering and sales teams.

Courtesy of Snowflake


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: jennifer liu
Keywords: news, cnbc, companies, headcount, company, headquarters, work, linkedin, data, york, open, according, startups, startup, hottest, companies, california


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How this former Amazon exec is turning Snap’s ad business around, and now it’s one of the hottest tech stocks

Gorman, he told employees, would take charge of the social network’s global business solutions, global online sales, customer operations and business marketing. During the second quarter, Snap’s user base grew to 203 million daily active users, making it the second quarter in a row of growth for the company. Gorman said on last week’s earnings call the company had more ad accounts active in the second quarter than ever before. The platform has also made strides in ad tech, adding spend from dire


Gorman, he told employees, would take charge of the social network’s global business solutions, global online sales, customer operations and business marketing. During the second quarter, Snap’s user base grew to 203 million daily active users, making it the second quarter in a row of growth for the company. Gorman said on last week’s earnings call the company had more ad accounts active in the second quarter than ever before. The platform has also made strides in ad tech, adding spend from dire
How this former Amazon exec is turning Snap’s ad business around, and now it’s one of the hottest tech stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: megan graham
Keywords: news, cnbc, companies, exec, advertisers, quarter, company, business, tech, ad, sales, turning, gorman, amazon, snaps, snap, companys, hottest, second, stocks


How this former Amazon exec is turning Snap's ad business around, and now it's one of the hottest tech stocks

When Snap hosted an invite-only Partner Summit in Los Angeles in April, it was a chance for advertisers to see what the social media company had in store for the months ahead, like a new audience network and a gaming platform.

But for advertisers in attendance, it had a deeper meaning too.

The event “definitely showed a change in their approach to advertisers,” said Cliff Atkinson, a senior vice president and executive director of digital media at ad agency RPA. “To share these types of new innovative opportunities with advertisers, it showed more of a willingness to share and be a little more personal with the advertising community.”

“I’ve seen them present or share their shows at [events like] the Newfronts, but this was very different from that,” he continued. “It was more visionary in regards to, ‘This is how we’re moving the company forward,’ versus, ‘Here’s a few shows we’re going to be launching if you guys want to be part of it, great.'”

For Atkinson, the event had one Snap exec’s name written all over it: Jeremi Gorman, who was hired away from Amazon last year as chief business officer to replace part of the role vacated by Imran Khan.

Snap CEO Evan Spiegel announced the appointment in October. Gorman, he told employees, would take charge of the social network’s global business solutions, global online sales, customer operations and business marketing. Upon the news that Gorman and Chief Strategy Officer Jared Grusd were coming aboard, Snap shares immediately reacted, rising as much as 2%.

Gorman stepped in after a rough two years post-IPO for Snap, with its user base shrinking from 191 million daily users in the first quarter of 2018 to 188 million the following quarter. That seems to be seeing a turnaround. During the second quarter, Snap’s user base grew to 203 million daily active users, making it the second quarter in a row of growth for the company. The company’s stock as of Thursday was $17.17, 356% up from the company’s lowest in the past 52 weeks.

eMarketer expects Snapchat to generate $1.36 billion in net worldwide ad revenue this year, a 30% increase over 2018, giving the company a 0.4% share of the worldwide digital ad market.

New products and ad formats have driven some of that growth: The company’s lenses are popular ways for users to see what they’d look like as a person of the opposite sex or as a baby. It’s also given advertisers more opportunities to reach those users, including through Snap Select, which lets brands run non-skip commercials on the part of the Snapchat app that has shows. Gorman said on last week’s earnings call the company had more ad accounts active in the second quarter than ever before. The platform has also made strides in ad tech, adding spend from direct-response advertisers as one result.

Advertisers who work with Snap are seeing the momentum. Several ad industry insiders who spoke to CNBC said Gorman’s strong reputation at Amazon preceded her as someone who’s able to drive the sales organization at a large corporation to success. During the company’s strong second-quarter earnings last week, Gorman was featured prominently.

She spoke of the company’s intention to increase the number of active advertisers using Snapchat to grow revenue, and told investors the company’s self-serve augmented reality tool has been scaling quickly. She outlined case studies with “Game of Thrones,” Subway and the oral care brand Quip. She said the company had completed its sales reorganization in the U.S. And she finished with somewhat of a zinger stat: In the second quarter of 2019, North America year-over-year average revenue per user growth rate was 42% — its highest growth rate since the second quarter of 2017.

Gorman joined Snap from Amazon, where she was most recently the head of global field sales. Though her tenure at Snap is still young, advertisers told CNBC that her mark on the social media company is already undeniable.

“You’ve seen the company’s market cap triple in the time she has been there,” says MediaLink CEO Michael Kassan, who has worked with Gorman in her time so far at Snap. “Now, she can’t take 100% of the credit, of course.” But Gorman came in at a “really tough time” and brought both sensibility and an art that was needed to help the company, with having product and advertising work hand-in-hand, Kassan said. “She also brought the business acumen and the business process that they needed.”

Agency leaders who have worked with Gorman’s team at Snap said she has reorganized sales in a more specialized, intuitive format that makes it easier for advertisers to work with Snap team members. They said Snap has become simpler, more navigable and friendlier to partners and advertisers under her wing.

“She has a real appreciation for and sort of an empathy for the marketers that are using the Snap platform,” said Alex Collmer, CEO of video creation platform Vidmob. “I think she does a great job of listening to them and hearing what they need to be successful and translating that back to the Snap business unit and make sure it’s built and delivered.”

Snap declined to make Gorman available for an interview.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: megan graham
Keywords: news, cnbc, companies, exec, advertisers, quarter, company, business, tech, ad, sales, turning, gorman, amazon, snaps, snap, companys, hottest, second, stocks


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IPOs are one of the hottest trades of the year, doubling the market’s return

The IPO market keeps getting hotter, but how much more juice is left? IPO unicorns this yearThe Renaissance Capital IPO ETF, a basket of the 60 or so most recent large IPOs, is up 34% this year, more than twice the performance of the S&P 500. “If you’ve got extremely fast growth and a market opportunity, investors are comfortable knowing that profits will come later,” said Matt Kennedy, who analyzes IPOs for Renaissance Capital. Of 64 IPOs that have priced this year, 25 (40%) have priced at the


The IPO market keeps getting hotter, but how much more juice is left? IPO unicorns this yearThe Renaissance Capital IPO ETF, a basket of the 60 or so most recent large IPOs, is up 34% this year, more than twice the performance of the S&P 500. “If you’ve got extremely fast growth and a market opportunity, investors are comfortable knowing that profits will come later,” said Matt Kennedy, who analyzes IPOs for Renaissance Capital. Of 64 IPOs that have priced this year, 25 (40%) have priced at the
IPOs are one of the hottest trades of the year, doubling the market’s return Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: bob pisani
Keywords: news, cnbc, companies, markets, return, hottest, growth, large, priced, ipos, trades, doubling, market, range, meat, ipo, fast, renaissance


IPOs are one of the hottest trades of the year, doubling the market's return

Ethan Brown, founder and chief executive officer of Beyond Meat Inc., center, rings the opening bell during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, May 2, 2019.

The IPO market keeps getting hotter, but how much more juice is left? CrowdStrike Holdings, a cybersecurity company that a week ago was discussing going public at $19 to $23 a share, priced at $34 and opened at $63.50.

Pet e-tailer Chewy upsized its IPO ahead of its Friday debut.

They are not alone. In February, IPO watchers were fearful an avalanche of IPOs would cause a crash in the market, but the big tech unicorns have been winners so far.

IPO unicorns this year

The Renaissance Capital IPO ETF, a basket of the 60 or so most recent large IPOs, is up 34% this year, more than twice the performance of the S&P 500.

What’s going on? “If you’ve got extremely fast growth and a market opportunity, investors are comfortable knowing that profits will come later,” said Matt Kennedy, who analyzes IPOs for Renaissance Capital.

Surprisingly, prices are holding up well. Of 64 IPOs that have priced this year, 25 (40%) have priced at the high end of the range or above.

IPO pricings this year (64 IPOs)

Above range: 12

High end: 13

Midpoint: 18

Low end 11

Below range: 10

Source: Renaissance Capital

Kennedy noted that four of these companies — Beyond Meat, Zoom, CrowdStrike and PagerDuty — exhibited similar characteristics: fast growth and a large market opportunity.

Beyond Meat is disrupting the food industry. Zoom is profitable with a large market opportunity with video conferencing. Crowdstrike’s endpoint security business is also growing fast. Pinterest has a somewhat unique niche — not quite social media, more like a discovery play, and priced below its last round of funding.

The lone unicorn disappointments this year: Uber Technologies and Lyft, down 6% and 19% respectively. What do they lack the others have?

Kennedy noted that investors are not impressed with the economics of ride hailing — specifically, the deep losses. In addition, both suffered from valuation issues (neither had a successful publicly traded peer), and both priced well above their last round of funding.

Still, there’s nothing like an up market to boost IPOs. The S&P 500 is up 15% this year. That leaves these names vulnerable should there be a larger market downturn.

And one of the most appealing characteristics of the winners — rapid growth — could quickly turn against them.

“The risk is that they are priced to perfection, so if there is any slowing of growth expectations they will get hit hard,” Kennedy said.


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: bob pisani
Keywords: news, cnbc, companies, markets, return, hottest, growth, large, priced, ipos, trades, doubling, market, range, meat, ipo, fast, renaissance


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These are the 20 hottest job skills companies are looking for right now

On Tuesday Upwork released its newest quarterly index of the 20 hottest skills in the U.S. freelance job market. The Upwork Skills Index sheds light on new and emerging skills and provides real-time validation of current trends in the labor market and tech industry. These skills experienced more than 170% year-over-year growth, while demand for the top 10 skills grew more than 370% year-over-year. Access to skills and talent scarcity are the biggest hiring challenges. So it’s no surprise, then,


On Tuesday Upwork released its newest quarterly index of the 20 hottest skills in the U.S. freelance job market. The Upwork Skills Index sheds light on new and emerging skills and provides real-time validation of current trends in the labor market and tech industry. These skills experienced more than 170% year-over-year growth, while demand for the top 10 skills grew more than 370% year-over-year. Access to skills and talent scarcity are the biggest hiring challenges. So it’s no surprise, then,
These are the 20 hottest job skills companies are looking for right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: stephane kasriel, upwork ceo
Keywords: news, cnbc, companies, yearoveryear, todays, looking, yearoveryearaccess, hottest, index, validation, youngergeneration, trends, job, 20, companies, market, upwork, skills, right


These are the 20 hottest job skills companies are looking for right now

On Tuesday Upwork released its newest quarterly index of the 20 hottest skills in the U.S. freelance job market. The Upwork Skills Index sheds light on new and emerging skills and provides real-time validation of current trends in the labor market and tech industry. These skills experienced more than 170% year-over-year growth, while demand for the top 10 skills grew more than 370% year-over-year.

Access to skills and talent scarcity are the biggest hiring challenges. So it’s no surprise, then, that as today’s skills continuously become obsolete due to rapid technological advances, those who embrace continuous learning will find the most success in the new economy.

According to a recent report, one-third of younger-generation managers believe that individuals should be responsible for their own reskilling, as opposed to the employer or educational institutions.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: stephane kasriel, upwork ceo
Keywords: news, cnbc, companies, yearoveryear, todays, looking, yearoveryearaccess, hottest, index, validation, youngergeneration, trends, job, 20, companies, market, upwork, skills, right


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The hottest ‘Star Wars’ collectible is a character you’ve probably never heard of — Ahsoka Tano

One of the hottest “Star Wars” collectibles is a strong-willed, dual lightsaber-wielding Jedi named Ahsoka Tano. A Togruta female, Ahsoka was the first female Jedi to be categorized as a main character in the “Star Wars” universe. Star Wars Celebration exclusive enamel pins are on sale for upwards of $75, although it’s unclear if anyone has paid that much. “There is this misconception that the original trilogy is the end-all, be-all for ‘Star Wars’ fans,” Cameron Deuel, senior manager of social


One of the hottest “Star Wars” collectibles is a strong-willed, dual lightsaber-wielding Jedi named Ahsoka Tano. A Togruta female, Ahsoka was the first female Jedi to be categorized as a main character in the “Star Wars” universe. Star Wars Celebration exclusive enamel pins are on sale for upwards of $75, although it’s unclear if anyone has paid that much. “There is this misconception that the original trilogy is the end-all, be-all for ‘Star Wars’ fans,” Cameron Deuel, senior manager of social
The hottest ‘Star Wars’ collectible is a character you’ve probably never heard of — Ahsoka Tano Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sarah whitten
Keywords: news, cnbc, companies, youve, eckstein, collectible, heard, character, fans, jedi, company, tano, probably, wars, ahsoka, star, shes, universe, hottest


The hottest 'Star Wars' collectible is a character you've probably never heard of — Ahsoka Tano

Disney, Lucasfilm

Dark side, beware. One of the hottest “Star Wars” collectibles is a strong-willed, dual lightsaber-wielding Jedi named Ahsoka Tano. The character, voiced by Ashley Eckstein, has become a fan favorite since her debut in 2008 and is a highly sought after collectible. From toys and statuettes to clothing and accessories, Ahsoka is in high demand with consumers and when her products become available, they quickly sell out. A Togruta female, Ahsoka was the first female Jedi to be categorized as a main character in the “Star Wars” universe. For those that don’t recognize the orange-skinned alien with large montrals and head tails, and white facial pigment, Ahsoka was the Padawan of Anakin Skywalker and hero of “The Clone Wars,” an animated “Star Wars” show. Ahsoka grew from a headstrong student into a mature leader, although her destiny ultimately led to her leaving the Jedi order and forging her own path. “[Dave Filoni’s] scripts are really good and he really embraced the Ahsoka character,” Dev Gilmore, director of design and development at from Diamond Select Toys, said. “I mean, when you talk about all the people he placed her with — Yoda and Anakin and later with Darth Vader — that’s a pretty incredible journey. And ‘Star Wars’ is so much about a journey. She’s a character that we can all grow up with and that’s exactly why fans have responded so well to her.”

Sarah Whitten

Throughout the course of “Clone Wars” and later with “Star Wars Rebels,” a series that takes place after Anakin Skywalker has become Darth Vader, Ahsoka faces off against some of “Star Wars'” most vile villains — General Grievous, Darth Maul and Boba Fett — and teams up with some of the most beloved heroes — Obi-Wan Kenobi, Plo Koon and Padme Amidala. Ahsoka became a favorite character among Diamond Select’s employees and so, they decided to create their own version of the character. The company designed a stylized iteration of Ahsoka late last year, reducing some of her features to be more human-like and altering her proportions so that her appearance looked more realistic, as if she appeared in a “Star Wars” live-action film. “We put it up on our website not really expecting an incredible response,” Gilmore said. “We just thought ‘Well, we like this character. This character is cool to us,’ and most of what we make we make it because it’s cool to us. We sold out of 750 pieces within one hour and we had no idea that was going to happen.” Each bust cost $120.

Gentle Giant / Diamond Select Toys

Gilmore’s company specializes in limited collectibles, so they couldn’t just make more of the bust and sell them, although he said the company could have easily sold through another 750 pieces. “She is one of the most asked for characters that I think I’ve had in years,” Gilmore said. “Which is substantial.” The bust has appeared on secondary market sites for hundreds of dollars more than its original sales price. And Diamond Select is by no means the only company to see this type of fervor for the character. An Ahsoka figure created by Kotobukiya retailed for around $50 and can now be found on secondary markets like eBay for close to $200. Star Wars Celebration exclusive enamel pins are on sale for upwards of $75, although it’s unclear if anyone has paid that much. Even publications based on the character are hot items. A young adult novel called “Ahsoka,” written by E.K. Johnson and published by Disney Publishing, skyrocketed to the number one spot on the New York Time’s Bestseller’s list for young adult hardcovers shortly after its release in 2016. “There is this misconception that the original trilogy is the end-all, be-all for ‘Star Wars’ fans,” Cameron Deuel, senior manager of social at Funko, said. “But there are a lot of entry points that get overlooked.” He said there are whole generations of fans that were introduced to “Star Wars” through “The Clone Wars” animated television series and its sequel series “Rebels,” both of which feature Ahsoka Tano prominently. Over the years, Funko has created four different Funko Pops based on the character as well as a plush toy, a stylized bobble head and a T-shirt.

Funko

“For a lot of fans, Ahsoka is so powerful because she is more than just one thing,” Deuel said. “She’s not just a Jedi or just a bounty hunter, like a lot of other characters get put into buckets really easily.” Ahsoka is a foil for Anakin Skywalker. Both face difficult moments in their lives that make them question the world they live in. While Anakin turns his back on the Jedi, murdering many of them before turning to the dark side, Ahsoka leaves the Jedi Order peacefully, choosing to forge her own path. “She’s young and she’s curious and she grows into a very powerful warrior,” Deuel said. Ahsoka also has the benefit of being voiced by Ashley Eckstein, who is an avid fan of “Star Wars” herself and an advocate for delivering not only good content, but good products to other fans. In 2010, she founded Her Universe, a clothing company that has since turned into a fashion and lifestyle brand. It was purchased by Hot Topic in 2016, but Eckstein remains on as the head of the company, overseeing all aspects of the business. “She’s very passionate about making sure that we focus on the fan as much as we do on the license itself,” Deuel said. “Anytime I see her walking around the floor [of a convention] or talking to people she will remember names, she’ll remember people.”

Ashley Eckstein during the Star Wars Celebration at McCormick Place Convention Center on April 11, 2019 in Chicago, Illinois. Barry Brecheisen | Getty Images Entertainment | Getty Images

Clothing can be just as big of a collectible as toys, busts and art for fans of “Star Wars.” Her Universe was a trailblazer for allowing fans to “wear their fandom” without having to cosplay as a character. The brand has expanded beyond “Star Wars” to other licenses like Marvel, DC, Studio Ghibli and a number of Disney animated films, but always with a fashionable flair, taking inspiration from the characters fans love most. “Ahsoka has become equally as popular with both men and women and it’s incredible to see how her story has resonated with all ‘Star Wars’ fans,” Eckstein said. During Star Wars Celebration in Chicago last month, the top-selling item was a unisex Ahsoka Tano T-shirt designed by Lucasfilm’s Daniel Kennedy. Additionally, an Ahsoka-inspired windbreaker is now sold out on the Her Universe website.

Her Universe


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: sarah whitten
Keywords: news, cnbc, companies, youve, eckstein, collectible, heard, character, fans, jedi, company, tano, probably, wars, ahsoka, star, shes, universe, hottest


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Tesla steps into hottest auto segment with Model Y debut Thursday

Tesla is about to dive into one of the hottest segments in the automotive market with the long-awaited debut of its Model Y crossover utility vehicle at its design studio in Los Angeles on Thursday night. The Model 3 is Tesla’s first foray into vehicles priced well below the company’s high-end Model S sedan, with a base price of $69,250, and Model X SUV, which starts at around $78,450. The Model Y, which will be unveiled at 11 p.m. EDT, is expected to be a more affordable alternative to its Mode


Tesla is about to dive into one of the hottest segments in the automotive market with the long-awaited debut of its Model Y crossover utility vehicle at its design studio in Los Angeles on Thursday night. The Model 3 is Tesla’s first foray into vehicles priced well below the company’s high-end Model S sedan, with a base price of $69,250, and Model X SUV, which starts at around $78,450. The Model Y, which will be unveiled at 11 p.m. EDT, is expected to be a more affordable alternative to its Mode
Tesla steps into hottest auto segment with Model Y debut Thursday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: robert ferris, source, qilai shen, bloomberg, getty images, stephen lam, mason trinca, the washington post, drew angerer
Keywords: news, cnbc, companies, vehicle, steps, tesla, crossover, debut, auto, model, vehicles, popular, segment, hottest, market


Tesla steps into hottest auto segment with Model Y debut Thursday

Tesla is about to dive into one of the hottest segments in the automotive market with the long-awaited debut of its Model Y crossover utility vehicle at its design studio in Los Angeles on Thursday night.

CEO Elon Musk has talked about releasing a crossover for years, but he’s kept the electric car maker tightly focused on ramping up production and distribution of its popular Model 3 premium sedan for the mass market. The Model 3 is Tesla’s first foray into vehicles priced well below the company’s high-end Model S sedan, with a base price of $69,250, and Model X SUV, which starts at around $78,450.

The Model Y, which will be unveiled at 11 p.m. EDT, is expected to be a more affordable alternative to its Model X and the company’s first entrance into the hot cross over market. The crossover is expected to be about 10 percent bigger than the Model 3, cost about 10 percent more, and will have slightly less range with the same size battery, Musk said in a March 3 tweet. Many investors and industry analysts say Tesla cannot enter the segment soon enough.

“Light trucks are just so popular in the United States, making up roughly 70 percent of vehicles sold every month,” said Morningstar analyst Dave Whiston. “Crossovers, in particular, are the most popular segment, at nearly 40 percent of new vehicle sales. So to have a more affordable crossover relative to the Model X should be a positive for Tesla.”


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: robert ferris, source, qilai shen, bloomberg, getty images, stephen lam, mason trinca, the washington post, drew angerer
Keywords: news, cnbc, companies, vehicle, steps, tesla, crossover, debut, auto, model, vehicles, popular, segment, hottest, market


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