Walmart’s Sales Double While Google Fights Two Battles at Once
The lawyers at Alphabet never get a day off. Aside from wrangling with Epic Games over the tech giant’s cut of micro-transaction revenue, they’re chasing ad clients for missed payments.
Google won’t let doubtful debts become bad debts. It wants travel companies like Trivago to find the cash to pay for advertising campaigns, despite the coronavirus devastation to tourism and their revenues. Trivago’s stock price is down 50% in 2020 while Google’s is up 13%. You’d think it would cut the struggling business some slack and safeguard future relations, but no!
Is this what happens when a tech giant gets too big for its boots, or just business being cruel?
Walmart has been a whale for decades, and it was all smiles at its earnings presentation yesterday. The e-commerce giant blasted through analysts’ expectations to post a double in online sales since last quarter.
Forced online shopping in quarantine is tipped to be a trend that sticks, as folks realize how convenient it is, but there won’t always be stimulus checks to spend. Investors are keen to reappraise Walmart’s valuation in light of this beat on the Street, and set higher price targets!
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.