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Find the best trading platform. You capital is at risk when trading. Be careful.It has been a busy week on the world’s stock markets with several major announcements involving managers leaving high positions, car manufacturers running out of components, and billionaires raising concerns about cryptocurrencies. However, the most impressive part of last week was all of the major deals that were accomplished. Several of the world’s largest companies have announced multi-billion dollar deals for rights to sell, majority stakes, and IPOs. All in all, it has been a great week and below are some of the most important developments.
Snap Inc. CFO Drew Vollero has announced that he is leaving the company next week and Snap has already announced that he will be replaced by Amazon’s Tim Stone. The news about the CFO leaving had the stock surging since shareholders are hoping it can help the company get back on its feet.
Walmart has confirmed that they’re buying Indian Flipkart for $16 billion. The deal will give Walmart a chance to compete on one of the fastest growing e-commerce markets in the world and potentially also on the international e-commerce market. Walmart’s and Flipkart’s deal came only a week after Alibaba announced that they bought Pakistani Daraz.
Disney published an impressive quarterly report showing that they had crushed all predictions. According to the company, a lot of the success and the increased revenue over the last few months can be traced back to the massive box office hit Black Panther. And Disney is already on track for another record quarter after the Avengers: Infinity War set several records.
Ford has halted the production of their popular F-Series pick up due to a lack of components. The situation will see over 3,000 Ford employees laid off for the time being and since the F-series represents a quarter of Ford’s total revenue the company will take a major hit. For now, suppliers have enough cars to keep up sales but within the next few weeks, there will be a shortage of Ford’s F-Series pickups in the United States.
Warren Buffett and Bill Gates bashed Bitcoin last week which kept BTC from breaking the $10,000 market. Berkshire Hathaway CEO and super-investor, Warren Buffett, said “Bitcoin is probably rat poison squared” and Microsoft founder and former CEO, Bill Gates, said that he would short Bitcoin if he could.
The Swedish payment provider iZettle has announced that they are looking to go public on the Stockholm exchange Nasdaq Nordic later this year. Plans for an IPO were initiated last year, and now it seems like everything needed for the process is in order. The company’s plan is to raise 2 billion Swedish kronor ($230 million).
Nestle and Starbucks have made a $7 billion deal where Nestle will be in charge of all Starbucks products sold outside of Starbucks’ own locations. It means that Nestle will sell all single-serve coffee and tea as well as the bagged beans across the world. According to analysts, the deal could bring in $20 billion for shareholders over the next three years.
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