DoorDash Reports 23% Increase in Total Orders and 22% Increase in Gross Order Value
DoorDash reports a 23% increase in total orders and a 22% increase in gross order value in the fourth quarter of 2023. Despite positive returns, DoorDash stock dropped in after-hours trading by more than 11%. The company remains focused on building tools to solve problems for consumers, merchants, and employees in 2024.
Former Salesforce co-CEO and ex-Google executive launch conversational AI platform Sierra
Former Salesforce co-CEO Bret Taylor and ex-Google executive Clay Bavor have launched Sierra, a conversational AI platform for businesses, securing $110 million in funding. Despite competition, Sierra has garnered support from prominent Silicon Valley investors and is facilitating hundreds of thousands of customer conversations every month. Taylor, now the CEO of Sierra, is enthusiastic about democratizing AI for businesses of all sizes and aims to make AI a standard feature for businesses, regardless of their technical expertise.
DraftKings Announces Strong Q4 Results and Raises 2024 Guidance
DraftKings Inc (NASDAQ:DKNG) has announced its financial results for the fiscal fourth quarter, with an increase in guidance for the 2024 year. Despite surpassing earnings per share (EPS) estimates, shares fell in after-hours trading. The company has raised its revenue forecast for fiscal year 2024, projecting a year-over-year growth of 27% to 34%. Additionally, DraftKings plans to acquire Jackpocket in a $750 million deal, signaling strategic expansion. CEO Jason Robins expressed satisfaction with the company’s performance and highlighted positive outcomes in customer acquisition, retention, and engagement. This development has sparked interest in the investment community, positioning DraftKings for substantial market strides.
Journalist Ranks Fast-Food Fish Sandwiches for Lent
As Lent approaches, fast-food chains are offering fish sandwiches as a meat alternative. A journalist from New Jersey ranked nine fast-food fish sandwiches, with surprising results. Some sandwiches delighted, while others fell short. Arthur Treacher’s and McDonald’s Filet-O-Fish disappointed, while White Castle’s Panko Fish Slider impressed. Burger King’s Big Fish, despite tasting like chicken, fared relatively well.
Introducing the SV Rover: Scarbo Vintage’s Latest Off-Road Powerhouse
The SV Rover, a supercharged 1,100bhp Bowler Wildcat, is the latest creation by Scarbo Vintage, offering traditional and electric versions. With a powerful V8 or electric powertrain, adaptable two-wheel drive, and pushrod front and rear air suspension, the SV Rover redefines off-road capabilities. Equipped with Brembo brakes, 40-inch tires, and a minimalist cabin, this vehicle combines classic design with modern engineering for an unparalleled off-road driving experience.
Senator Elizabeth Warren’s Win in Battle with Cryptocurrency Industry
Senator Elizabeth Warren secures a win as former Rep. Sean Patrick Maloney pledges to cease involvement in crypto matters if confirmed as President Joe Biden’s ambassador to the OECD. Maloney’s commitment to resign from private-sector advisory work and recuse himself from crypto decision-making has garnered Warren’s support for his confirmation, pending Senate consideration. This development reflects Warren’s influence on administration personnel and her efforts to address the intersection of Washington and corporate America, particularly in relation to the crypto industry.
The Myth of Macs Being Virus-Proof
Are Macs really virus-proof? Contrary to popular belief, Macs can indeed get viruses. The idea that Macs are immune to viruses has been perpetuated for a long time, but the truth is that Macs are not impervious to viruses. In fact, malware threats on Macs had increased by 400% by 2020, and over 29,000 Macs were affected by a mysterious malware strain in 2021. As the number of Mac users continues to grow, so does the risk of viruses and malware affecting these devices.
European Economies at Risk of Recession Due to Geopolitical Conflicts and Increased Energy Costs
Recent survey reveals substantial risk of recession in European economies due to geopolitical conflicts and increased energy costs. Germany and the Netherlands face the highest chances of declining output. Ongoing war in Ukraine and tensions in the Middle East pose threats to supply chains and energy deliveries, with potential impact on spending and investment. Survey involved 1,431 economic experts from 124 countries, highlighting significant challenges facing European economies.
Japanese Chipmaker Renesas Electronics to Acquire Altium for $5.9 Billion
Japanese chipmaker Renesas Electronics plans to acquire Sydney-listed software company Altium for $5.9 billion, streamlining its electronics design process. The $9.1 billion Australian dollar deal represents a 33.6% premium to Altium’s closing price, causing Australia-listed shares of Altium to surge nearly 30%. Industry experts highlight Japan Inc’s determination to regain global leadership in the chip-making ecosystem, with the deal positioning Renesas for a stronger foothold in the global chip-making landscape.
Britain Enters Recession with Worst GDP Performance in Years
Britain has entered a recession with its worst GDP performance in years, as the economy contracted by 0.3% in the final three months of 2023. This news is a setback for Prime Minister Rishi Sunak and could impact the upcoming general election. Despite the recession, finance minister Jeremy Hunt remains optimistic about the economy’s future prospects.