1. Musk Smokes Weed
Tesla Inc’s shares dropped on Friday, the biggest drop the stock has experienced in two years. Tesla was rocked by the departure of its chief accounting officer after just a month on the job. Couple this with mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live webcast. Elon Musk was spotted taking a hit from a mixed blend of marijuana and tobacco prior to a podcast interview. Is it all smoke and mirrors or is Tesla spiraling in ludicrous mode?
2. How much of a “Good Neighbor?”
State Farm has built their enterprise on their catchy “like a good neighbor” jingle. Some even recognize the billion-dollar insurance company simply by hearing the tune! Recent claims have been threatening the reputation of State Farm. The scandal claims that the auto-insurers have been guilty of replacing high-quality car parts with pieces straight from the junkyard. Whether this is true or not, State Farm simply wants to be free from scrutiny and blame and agreed to settle the lawsuits for $250 million. Still, the main question remains: is State Farm really a “Good Neighbor?”
(Source: The Hustle)
3. Creating Sparks!
Amazon, Target, Favor, UberEats, Postmates, HEB. What do all these companies have in common? A delivery system for groceries, meals, and household goods. Walmart is the newest addition, calling their service “Spark Delivery.” The logistics company itself is called Bringg and uses specially-designed algorithms to decide the best routes for drivers to ensure cost- and fuel- efficiencies. Although Amazon is the leader in the market, Walmart is doing everything in its power to catch up.
(Source: The Verge)