ICYMI

Last week's highlights...

Monday, May 9, 2022 by Robinhood Snacks |
  • Click: Ecommerce stocks like Shopify are getting hammered as the pandemic boom in e-buying (fueled by stimmy checks and boredom) loses steam. Consumers are shopping like it's 2019 — more on experiences, less on stuff.
  • SCOTUS: After a leaked draft opinion revealed that the Supreme Court appears likely to overturn Roe v. Wade, corporate America's response has been mostly silent. But pushback from employees and the public could change that.
  • Diverge: While Lyft is driving slow and straight, Uber is swerving to diversify. Last week’s earnings showed that Uber’s numerous revenue streams (rides, freight, food) are helping it speed ahead of ride-focused Lyft.