Latest Week in Watching ep! This week we wrap up Amazon's monster holiday in one number - 47%. Also what Alexa new skill of being able to send SMS messages means beyond texting, what the implications are for eBay's breakup with PayPal, Amazon announcing no ads will be coming to Alexa (for now...) and finally what's the potential for the new healthcare partnership of Amazon-Berkshire Hathaway-JP Morgan.
"The discount retailer’s shares plunged 10% (shedding $31 billion in market cap) after it unnerved investors by reporting a sharper than expected decline in online sales growth. (Most of that was to be expected as it come a year after its 2016 $3 billion acquisition of Jet.com.) Walmart said that online U.S. sales had risen 23% during the holiday quarter, a far cry from the 50% clip in the preceding quarter and the 63% quarterly gain of not that long ago
A good chunk of that underperformance stemmed from operational problems, something that shows just how much more work Walmart has to do if it is to become a true rival to Amazon.com (AMZN, +1.47%) and live up to the narrative Wall Street has bought into after several quarters of outsized online growth."