Earnings Report
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Samsung Lost A Ton Of Money Due To Exploding Phones
Samsung just filed its third quarter earnings report, and the results are not looking good. The company’s net profit fell 16.8 per cent following the disastrous launch and unprecedented recall of the Galaxy Note7 smartphone launch. Samsung’s mobile division is reporting the lowest quarterly profit in more than six years, back when its first Galaxy…
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Yahoo Said To Be Exploring Strategic Options
Yahoo is having a midlife crisis. Today, the company announced that it’s seeking strategic alternatives (that is, looking to sell some or all of its properties) in an attempt to generate more cash and please shareholders.