A group of investors led by Softbank have put in a bid to buy $6B worth of Uber stock — at a valuation of $48B, 30% lower than the company's valuation at its last finance round, which was followed by string of ghastly scandals including the removal of its founder, Travis Kalanick, from the CEO's office. The company has 20 days to respond.
Target, Gap, American Eagle Outfitters, and other large retailers are reporting that they have a glut of inventory and it's costing them too much to store the stuff. Then there's the pile of inflowing returns. According to retail consultancy Strategic Resource Group, many big name stores—which the firm doesn't name—are considering whether to tell customers… READ THE REST
E-sports stars have short careers—shorter than sports stars. The general assumption is that the coordination and focus required selects for youth even more than athletic performance does, but medical experts say that's not at all true. Instead, the Washington Post's Jonathan Lee traces more complex causes: success leads to an entrepreneurial track promoting gamer bric-a-brac;… READ THE REST
Amazon is to close all its "physical" bookstores among dozens of others, reports Publishers Weekly, ending a six-year experiment even as other brick-and-mortar efforts thrive. Many industry observers believed Amazon's goal in opening the stores was to experiment with new shopping technologies, showroom its book and book-related offerings, and examine consumer behavior. Indeed, after the… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Summer may be coming to an end, but that doesn't mean your adventures have to stop. Whether it's a business trip or weekend galavanting around town, broadening your world can be… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Nothing's worse than trying to find that random image someone sent you, however many months back, frantically searching through email threads for something that looks familiar. Not only is that stressful, but it's… READ THE REST
We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views. Studying has become incredibly unconventional, starting with doing everything online and continuing with giving textbooks the axe. So if you're ditching the stacks for a more modern way to focus on your… READ THE REST