On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest news from the investment and financial world.
Ryan and Maddy started the episode by talking about Uber’s decision to sell its China business to rival Didi Chuxing. Business in China has always been a headache for Uber, and this deal was the company’s way of nobly bowing out of the competition. In the end, it looks like it could be a solid business move from both companies.
Check out all the details of the sale here: Uber Gives Up on China, Sells Business to Rival Didi Chuxing
The hosts also took a look at Instagram’s launch of its “Stories” feature. Instagram users can now post pictures and video slideshows that disappear after a 24-hour period. Sound familiar? Ryan and Maddy talk about why Instagram, and its parent Facebook (FB), would want to copy Snapchat.
Maddy covered the topic in full here: Why is Everyone Copying Snapchat?
This week was also the continuation of what has been a busy second-quarter earnings season. The hosts covered earnings from Fitbit (FIT) and Time Warner (TWX), before launching into a wider conversation about Tesla’s (TSLA) report and whether or not the electric vehicle company will ever be able to reach its lofty sales goals.
You can find all of our earnings coverage below:
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
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