Marissa Mayer continues to be the center of the crowd’s attention, with almost 6,000 voices in Sentifi financial market discussing her contributions at Yahoo and whether she is a failure. Join the conversation with Sentifi crowd to stay up-to-date with the most relevant insights in the market.
Marissa Mayer & Yahoo! Inc.: Was Mayer given an impossible task?
That’s the question Sentifi financial crowd has been discussing for the last 24 hours. Some, including university professors and analysts, believe she was given an impossible task of turning Yahoo around, and she didn’t meet expectations and failed to created changes. At the moment, Verizon is still firm on its $4.8 billion acquisition of Yahoo. The remaining Alibaba-invested company will be renamed as Altaba.
Rodrigo Duterte: Makes a surprising appearance on the list with good net satisfaction rating
A small portion of Sentifi financial crowd is having a discussion about Philippines President Rodrigo Duterte and his net satisfaction rating in the first six months in office. 1,500 adults across the Philippines were polled, with 73 percent of them showing satisfaction with the administration’s performance. Only 12 percent were dissatisfied. The rating came out at +61, which was five points lower than the +66 rating recorded in September poll.\
Intime Retail: Receives an offer from Alibaba
The Chinese giant Alibaba is offering to take Chinese department store chain Intime Retail private. The deal will be all-cash and worth $2.6 billion. Alibaba is asking the Intime board to propose to the company shareholders. Intime suspended its trading activity late in December. Alibaba is already the biggest shareholder of Intime with 28 percent stake. The deal, if it goes through, will give Alibaba the control of 74 percent stake.
Jack Ma: Meeting with Donald Trump can usher in needed vitalization for Chinese economy
Economic cooperation must be mutually beneficial to be long lasting. As Alibaba gave its word to help create more U.S. jobs by selling more U.S. goods on its trading platform, it will also help prevent China from losing jobs. This move is simply Alibaba, and Jack Ma, reshaping the global business network. Ma is banking on the chance that Washington will change its mindset and allow more Chinese enterprises to enter the U.S. market. The cooperation between the world’s two biggest economies could be the driving force in international and economic relations of the 21st century, as the crowd believes.
Morrisons: Records strongest festive sales growth for seven years
Shoppers went on a spree on the company’s revamped premium range, resulting in a 2.9 percent hike in like-for-like sales excluding fuel for the nine weeks to Jan. 1. That means the company’s full-year profits will beat expectations. A lot of companies had a remarkable holiday shopping season. In fact, the statistics show that U.K. supermarkets had their best Christmas with sales up 3.3 percent over the four weeks to Dec. 31. The company’s shares traded up more than 4 percent.
Illumina Inc.: Shares spike 16 percent thanks to its new technology
The company announced a new gene-sequencing product that will one day enable researchers to sequence a genome for as low as $100. In addition, the company also presented a strong fourth-quarter sales forecast, with revenue being $619 million, ahead of Wall Street’s forecast of $610 million, representing a growth of 10 percent to 12 percent. But the news continues. Illumina announced a strategic collaboration with Philips to provide new solutions aimed at the acquisition, analysis, annotation and interpretation of genomics data in oncology cases. The company also revealed a partnership with IBM to combine its sequencing platform with IBM’s AI Watson to help standardize and simplify genomic data interpretation.
Verizon: Further limits the unlimited plan
Verizon’s unlimited plan subscribers are not happy as the company has announced that subscribers who use an average of more than 200GB of data per month will be asked to switch to one of the metered data plans by Feb. 16, or they will get disconnected from the network entirely. The company cited the reason being that its network is a shared source, thus it needs to maintain the network quality for all customers. This is not the first time Verizon campaigned against its customers. Last summer, the company threatened to disconnect customers who used more than 100GB per month.
Post Office Ltd.: Cuts more jobs and closes more branches
The U.K. retail post office company revealed its plan to close and franchise 37 crown offices, which would translate to the loss of as many as 300 jobs and 127 specialist roles across the country. The Communication Workers’ Union has condemned the decision, and said that this round of closure further proved the company is in crisis. The company has been making changes since last year by keeping branches where customers wanted and needed them, resulting in the loss of 2,000 jobs.
Cover Photo: Jason Alden/Bloomberg
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