Shashank Kanodia, Analyst, ICICI direct said: "Yes certainly, auto numbers in July 2020 signal recovery from COVID-19 induced shock. The recovery however is being led by the rural and semi-urban focussed segments namely tractors and motorcycles. At the retail level for the industry, volumes are back at near 65 percent of pre-COVID levels. Domestic three-wheelers as well as M&HCV segment however are yet to see meaningful recovery." … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
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Abraham had other ideas. When he met with Glasgow, he thought Milo would partner with eBay, helping the company to power its offline inventory. At the time, Abraham and his team had been able to land major retailers for its inventory network, but they were still a small player. Abraham and the precocious Glasgow (he sold his first company to Microsoft while still in college) immediately discovered a kinship, and Abraham became tempted by all the things eBay could offer his startup. EBay had armies of designers and developers who could help Milo crack its technical challenges. EBay also had more than 30 million sellers and merchants in its marketplace, many of whom presumably had offline inventory that Milo could tap. He began to believe that becoming part of eBay was the fastest way to achieve most of his vision. “It just became apparent how much more could be done together versus separate,” says Abraham. … [Read more...] about How Jack Abraham Is Reinventing EBay [Update]
As far as revenue, Kusin says they’ve built a pipeline of sponsorships “in the tens of millions of dollars,” that includes traditional ads as well as branded integrations. And while the COVID-19 pandemic has knocked overall ad spending in the U.S. down 10% with nearly a quarter of media buyers stating they were pausing spending, Kusin and Horn are optimistic because both interest in streaming and gaming have skyrocketed with stay-at-home orders amid the pandemic. … [Read more...] about This startup network wants to be the MTV for gaming culture