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☆ Tesla shares to tumble 30% as investors fail to buy into Musk's autonomy vision, says Guggenheim
▼ + stars: | 2024-06-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tesla investors may be in for some more pain ahead if the market fails to adopt Elon Musk's dream of an autonomous future, according to Guggenheim. He retained his $126 price target and sell rating on the electric vehicle stock, reflecting about 29% downside from Monday's close. Shares have already tumbled 29% this year amid rising China competition and weak demand. TSLA YTD mountain Shares this year How Tesla fares going forward depends heavily on Musk and the company's foray into autonomous vehicles, Jewsikow wrote. Jewsikow also lowered his second-quarter delivery estimates to 409,000 from 440,000, citing the lack of a "credible path to 2024 volume growth" and weak quarterly data.

Persons: Elon, Tesla, Ronald Jewsikow, Jewsikow, bullish Organizations: Guggenheim Locations: China

☆ Bob Kelley, founder of used car guide Kelley Blue Book, dies at 96
▼ + stars: | 2024-06-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

That’s short for Kelley Blue Book, and it’s one of the longest-standing sources for used car values there is. Bob Kelley, publisher of used car guide Kelley Blue Book, died at 96. By 1926, that list turned into the first Kelley Blue Book pricing guide for used cars. Long ago, Bob Kelley was a “lot boy” at the dealership run by his uncle and his father, Sidney “Buster” Kelley. In 1995, Kelley Blue Book started a website, making its data easily accessible to the general public, not just industry insiders.

Persons: Kelley, Bob Kelley, Bob Kelley’s, Bob’s, Les Kelley, Kelley Kar, Sidney “ Buster ” Kelley, Charlie Vogelheim, Buster, ”, it’d, ” Bob, Vogelheim, Bob, ” Vogelheim, “, Edmunds Organizations: CNN, Kelley Kar Company, Los, Lexus, Cox Enterprises Locations: Indian Wells , California, Los Angeles

☆ I was burned out as a business owner, so I set really strict boundaries around work. I'm much happier as a 'cozy entrepreneur'
▼ + stars: | 2024-06-04 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I launched my own business, "Digital Business Manager Bootcamp," in April 2020. I slowly transitioned into a "cozy entrepreneur," where I set boundaries with work and am kinder to myself. I stopped shaming myself and set boundaries around workI started using "soft entrepreneur" and "cozy entrepreneur" around a year ago. One step I took toward becoming a "soft entrepreneur" was implementing a "no-shame policy." I see myself sticking with "soft entrepreneurship" for the foreseeable future.

Persons: —, Deya Aliaga, wasn't, Aliaga, Max Schallwig, I'd, I've, It's Organizations: Service, Business, YouTube, Revenue, Research Locations: Berlin

☆ Amazon Prime members now get Grubhub+ for free: Here's how to sign up
▼ + stars: | 2024-06-04 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

If you're an Amazon Prime subscriber, food delivery just got a little bit cheaper. The e-tail giant last week announced a new addition to the list of perks that come with its $139 annual membership. In addition to free two-day shipping and access to the Prime Video catalog, subscribers now get free access to Grubhub+. It includes a number of benefits, including lower service fees, 5% credit on pickup orders and $0 delivery fees on orders over $12. Both Prime and non-Prime members will also be able to place Grubhub orders directly on the Amazon app.

☆ Amazon's first U.S. labor union moves to affiliate with Teamsters
▼ + stars: | 2024-06-04 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon workers arrive with paperwork to unionize at the National Labor Relations Board office in Brooklyn, New York, Oct. 25, 2021. The Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, said Tuesday that it's taken steps to affiliate with the International Brotherhood of Teamsters. The ALU originally eschewed major labor unions, establishing itself instead as an independent organization. Aligning with the Teamsters, one of the largest labor unions in the U.S., could give the ALU additional heft to jumpstart negotiations with Amazon. In March, ALU members voted to hold an election for new union officers.

Persons: it's, Chris Smalls, Smalls, Arthur Schwartz, ALU, Schwartz Organizations: National Labor Relations Board, Amazon Labor Union, International Brotherhood of Teamsters, Amazon, Teamsters, Democratic Reform Caucus Locations: Brooklyn , New York, U.S, Staten Island , New York, Brooklyn, JFK8

☆ Biden to meet with Zelensky in Normandy and at next week’s G7, White House says
▼ + stars: | 2024-06-04 | by ( Sam Fossum | ) edition.cnn.com time to read: +4 min

CNN —President Joe Biden will meet with Ukrainian President Volodymyr Zelensky while he is in Normandy, France, according to White House national security adviser Jake Sullivan. CNN previously reported that Russian President Vladimir Putin was not extended an invitation, according to a French presidential source. Sullivan added that Biden is also expected to meet with Zelensky during the G7 in Italy next week. “In the course of a little more than a week, the president will have two substantive engagements with President Zelensky,” Sullivan said. The two leaders last met in person when Zelensky was in Washington, DC, in December 2023 to make an in-person plea for military and economic aid.

Persons: Joe Biden, Volodymyr Zelensky, Jake Sullivan, “, Zelensky, ” Sullivan, Biden, Rishi Sunak, Justin Trudeau, Vladimir Putin, Sullivan, ”, Janet Yellen’s, Emmanuel Macron, CNN’s Jack Forrest, Joshua Berlinger, Simone McCarthy, Brad Lendon, Eric Cheung Organizations: CNN, White House, Ukraine, Air Force, British, Canadian, Zelensky, “, Russia, US, US Army Rangers, Biden, NATO Locations: Normandy, France, he’s, he’ll, Ukraine, Europe, Italy, Washington , DC, Kharkiv, “, United States, Germany, Biden’s, Pointe du Hoc

CNN —A cyberattack on a contractor to England’s National Health Service has forced several major hospitals in London to cancel operations, blood tests and appointments and send patients elsewhere. King’s College Hospital, Guy’s and St Thomas’ have all been affected, as have numerous primary care providers in the UK capital, a spokesperson for the National Health Service (NHS) said Tuesday. The hospitals and providers affected are all partnered with Synnovis, a company that provides lab services to the NHS. Mark Dollar, the CEO of Synnovis, said the company was “incredibly sorry for the inconvenience and upset this is causing to patients, service users and anyone else affected. We are doing our best to minimize the impact and will stay in touch with local NHS services to keep people up to date with developments.”

Persons: Thomas ’, Oliver Dowson, Thomas ’ –, “, ”, Vanessa Welham, Ciaran Martin, ” Martin, Mark Dollar Organizations: CNN, National Health Service, King’s College Hospital, Synnovis, NHS, Royal, Guy’s, Gracefield, Cyber Security, Cyber Operations Locations: London, Guy’s, Royal Brompton, Streatham

☆ OPEC+ decision to increase oil supply is a 'bearish surprise' for the market, Goldman says
▼ + stars: | 2024-06-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The detailed plan laid out by OPEC+ over the weekend to increase oil production delivered a "bearish surprise" to a market in which prices were already under downward pressure, according to Goldman Sachs. OPEC+ plan difficult to reverse The OPEC+ members said the production increases are subject to market conditions and could be reversed. Struyven described OPEC's forecast as "very bullish," with Goldman forecasting demand growth of 1.5 million bpd in 2024. Market could deteriorate in 2025 The oil market will remain in balance or in a slight deficit for the time being, according to Ryan McKay, senior commodity strategist at TD Securities. Yet those cuts have failed to limit shale oil production in the U.S., Lipow said.

Persons: Goldman Sachs, Brent, WTI, Daan Struyven, Bob Yawger, Yawger, Helima Croft, Goldman's Struyven, Andrew Lipow, Struyven, Lipow, Ryan McKay, McKay, Daan Organizations: West Texas Intermediate, Goldman, OPEC, Mizuho Securities, CNBC, RBC Capital Markets, Lipow Oil Associates, TD Securities, JPMorgan Locations: OPEC, Saudi Arabia, Russia, U.S, Brazil, Guyana, Norway, Senegal, Persian, Arabian

☆ Lyft's CEO faces pushback after driving for the app and posting about how great it was
▼ + stars: | 2024-06-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Read previewSome Lyft drivers are deriding a LinkedIn post by the company's CEO after he spent an hour and a half shuttling customers around Napa Valley over the weekend. The CEO, David Risher, posted on Monday about a series of rides he completed in California's wine county. Related storiesSome comments on the post lauded the CEO for seeing what the job that keeps his company running is actually like. "Some people claim that Lyft drivers are friendlier, but that's a misconception since most of us drive for both companies." AdvertisementA Lyft spokesperson told Business Insider that Risher completed the rides without a status boost under the Lyft Rewards program.

Persons: —, David Risher, Risher, LinkedIn Risher, Lyft, Uber, commenter, Dara Khosrowshahi, He's, Khosrowshahi Organizations: Service, Lyft, Business, LinkedIn, Gilbert AZ, Tempe AZ, Drivers Locations: Napa Valley, California's, Napa, Gilbert, San Francisco

☆ These are JPMorgan’s top stock picks for clients heading into June
▼ + stars: | 2024-06-03 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

JPMorgan highlighted a group of stocks to kick off the new trading month, reflecting its analysts' top picks and some new favorites, including Carvana and L3Harris Technologies . United Airlines is up nearly 28% this year, and JPMorgan thinks the stock could have a roughly 85% rally over the next year. Jefferies recently upgraded the airline to buy from hold , hiking its price target by $11 to $65. Higher international margins and increased free cash flow generation compared to this time last year should also help drive shares higher, the analyst said. With a $544 price target, the beauty stock could climb 37.7%, according to JPMorgan.

Persons: Wells Fargo, Jefferies, Sheila Kahyaoglu Organizations: JPMorgan, L3Harris Technologies, United Airlines, Boeing, U.S Locations: Lowe's

☆ Oil prices slip despite OPEC+ production cut extension
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell early on Monday, despite a move by producer group OPEC+ to extend deep output cuts well into 2025. This includes 3.66 million bpd of cuts that were due to expire at the end of 2024, and voluntary cuts by eight members of 2.2 million bpd to expire by the end of June 2024. But on Sunday, the group agreed to extend the cuts of 3.66 million bpd by a year until the end of 2025. It will also prolong the cuts of 2.2 million bpd by three months until end-September 2024, before phasing it out over a year from October 2024 to September 2025. "The communication of a gradual unwind reflects a strong desire to bring back production of several members given high spare capacity."

Persons: Brent, Goldman Sachs, Joe Biden, Israel, Benjamin Netanyahu Organizations: . West Texas, of, Petroleum, U.S Locations: Russia, OPEC, East, Gaza, Israel, Iran

☆ Amazon's Shopify killer got off to a slow start, according to sellers and internal emails
▼ + stars: | 2024-06-03 | by ( Madeline Stone | Eugene Kim | ) www.businessinsider.com time to read: +10 min

Rainier...)," Larsen wrote in the email, referring to a snowcapped peak near Seattle, where Amazon is headquartered. Months later, Amazon struck a deal with Shopify that put Buy with Prime on the Shopify merchant marketplace, extending the tool's reach with sellers. Advertisement"When merchants push that metric to >75%, it'll be a good indication that we've found product-market fit," Larsen wrote. To use Buy with Prime, Amazon charges merchants a 3% Prime service fee in addition to fulfillment fees and payment processing fees. However, Piiparinen said the 3% service fee is less than the referral fees merchants pay when selling on Amazon.com.

Persons: —, Craig Leslie, Leslie, It's, Peter Larsen, Andy Jassy, Larsen, Santos, Anders Piiparinen, who's, doesn't, Piiparinen, Amazon's, Smart, ZOA, GreatCircleUS.com, Madeline Stone Organizations: Service, Amazon, Business, Bean Coffee Company, Shoppers, Ekrin Athletics, BI, Prime Locations: . Rainier, ., Seattle, Piiparinen, mstone@businessinsider.com

☆ Managers at Boeing's largest factory 'hound mechanics' to keep quiet about safety concerns, employee says
▼ + stars: | 2024-06-02 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

Read previewManagers at Boeing's largest factory in Everett, Washington, "will hound mechanics" to keep quiet about safety and quality assurance concerns, a mechanic who has worked for the company for more than three decades told The Guardian. Boeing's Everett site, one of the world's largest manufacturing buildings, produces the 747, 767, 777, and 787 airplanes. The factory is also responsible for fixing the 787 Dreamliner, and the unnamed mechanic told the Guardian that it was "full of" faulty 787 jets waiting to be mended. Many of the planes arriving at Everett come from Boeing's 787 Dreamliner Final Assembly building in South Carolina, which it opened in 2011. AdvertisementFollowing the Alaska blowout incident, the FAA ordered Boeing to produce an action plan to address its safety issues.

Persons: —, Boeing's Everett, Max, Sam Salehpour, shim, Michael Whitaker, Sheikh Ahmed bin Saeed Al Maktoum Organizations: Service, Boeing's, Guardian, Business, Boeing, Everett, Alaska Airlines, Federal Aviation Authority, FAA, CNBC Locations: Everett , Washington, Everett, South Carolina, Alaska, Emirates

☆ Tesla investor accuses Elon Musk of insider trading that banked him $7.5 billion
▼ + stars: | 2024-06-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewA Tesla investor accused Elon Musk of using insider information on his company to sell $7.5 billion worth of Tesla stock in 2022, according to a lawsuit filed Thursday in Delaware Chancery Court. "Musk's insider profits for his November and December sales were approximately $3 billion based on the January 3, 2023 closing price of $108.10 per share," the lawsuit alleged. AdvertisementPerry also accused Musk of misleading shareholders about what to expect in the fourth quarter of that year in an October 2022 earnings call. "So, Q4 is looking extremely good," Musk said in the call, according to a transcript published by The Motley Fool. AdvertisementMcCormick's ruling has caused Musk to sour on Delaware and has been pitching a move for Tesla to be incorporated in Texas.

Persons: —, Elon Musk, Michael Perry, Tesla, Perry, Musk, Larry Ellison, Ellison, James Park, Kathaleen McCormick, McCormick Organizations: Service, Business, Oracle, New York Times, University of California, Investors Locations: Delaware Chancery, Los Angeles, Delaware, Texas

☆ US vs. Chinese aircraft carriers: How the world's top flattops stack up
▼ + stars: | 2024-06-01 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +16 min

Liaoning and ShandongAircraft carrier Liaoning set out for sea trials at Dalian shipyard with the help of tugboats. A J-15 fighter takes off from aircraft carrier Shandong during the combat readiness patrol and military exercises around Taiwan. Aircraft carrier USS Gerald R. Ford sails in the Adriatic Sea. China has no experience operating carrier catapults on its warships (though it did study carrier catapults when it purchased the decommissioned Australian carrier HMAS Melbourn from Canberra in 1985 under the guise of scrapping). AdvertisementChina's third aircraft carrier, the Fujian, docks in Shanghai with a Chinese flag seen in the foreground.

Persons: —, Kuznetsov, Pu, Gerald R, Ford, George H.W, George H.W . Bush, Smith, Jackson Adkins, John F, Kennedy, Doris Miller, Dwight D, Eisenhower, Jacob Mattingly, Li Gang, Timothy Heath, Heath, China's, Benjamin Brimelow Organizations: Service, US Navy, Business, Shandong Aircraft, Getty, People's Liberation Army Navy, Getty Images Fujian, EA, Jiangnan Shipyard, Getty Images, PLAN, Xinhua News Agency, Nimitz, Ford, Aircraft, Greyhound, Navy, Carrier, USS Enterprise, Pacific Fleet, Shandong, RAND Corporation, US, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Shanghai, Fujian, China, China's, Liaoning, Dalian, Shandong, Soviet, Ukraine, Taiwan, Xinhua, Getty Images China, George H.W ., Adriatic, Melbourn, Canberra, Sanya, Hainan Province, West

☆ 'Hacks' Stars on Playing Deborah Vance's Most Devoted Associates
▼ + stars: | 2024-06-01 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +11 min

Stand-up comedian Deborah Vance (Jean Smart) has finally hit it big in the wake of her comedy special. That means ending their long-standing professional relationship and coming to terms with the way Deborah has treated him as a business partner and one of her most ardent fans. Toward the end of the season, when he decides to step away from Deborah, what's going through his head? It feels really, really safe. I've said this before, but if you're not a queer person on "Hacks," you're an ally in every sense of the word.

Persons: Deborah Vance, Jean Smart, Ava, Hannah Einbinder, Deborah, Marcus, Carl Clemons, Hopkins, Damien, Mark Indelicato, Deborah's, Clemons, —, Indelicato, Hilary Bronwyn Gayle, Max Marcus, Tony, Tony Hale, Gary, Damien's, there's, Jake Giles Netter, Carl, Deborah —, he's, what's, Deborah Vance Inc, Vance, Max I'm, We're, it's, Lucia, Jen, Paul, we're, Max, That's, Hunter Green, that's, It's, Betty, I've Organizations: Service, Business, BI, Hopkins Locations: Deborah's, Deborah

☆ I was diagnosed with a severe fear of giving birth while I was pregnant. I'm not having any more kids.
▼ + stars: | 2024-05-31 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. But the dread was affecting my mental health and the pregnancy as a whole. Related storiesSo, at around five months pregnant, I was assessed by a perinatal mental health team from the National Health Service (NHS.) Courtesy of Jemma SmithI told the mental health counselor that I saw childbirth as a giant mountain. AdvertisementDo you have a powerful story about a health condition that you'd like to share with Business Insider?

Persons: —, Jemma Smith, we'd, I'd, tokophobia, Smith, She'd Organizations: Service, Business, National Health Service

☆ Cybertruck owner says he's stuck with a vehicle that's too big for his parking spot, and Tesla won't let him return or resell it
▼ + stars: | 2024-05-31 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Last week, he posted on X, formerly Twitter, that he wants to return it, but Tesla isn't willing to buy it back or let him resell it. Tesla has refused my request to sell my recently purchased Cybertruck. The manager cited the Motor Vehicle Order Agreement with Tesla's "no resellers" policy for the Cybertruck. The manager at Tesla's Salt Lake City dealership did not respond to BI's request for comment ahead of publication. Raddon told BI that he's a rule-follower and he doesn't plan to go against Tesla's verdict on the matter or hire a lawyer to dispute the decision.

Persons: —, Blaine Raddon, Raddon, Tesla, — Blaine Raddon, Blaine Raddon Raddon, Tesla's, he's Organizations: Service, Business Locations: Bali —, Salt Lake City, Tesla's Salt Lake City

☆ Here are the next drivers of Costco growth after a great quarter and a stock near records
▼ + stars: | 2024-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains. "If you're disappointed, go to another stock," Jim Cramer said during Friday's Investing Club's Morning Meeting . Jim said investors should not be concerned about the pullback because the stock often drops the day after earnings. COST 1Y mountain COST 1-year stock performance. In addition to exceeding estimates on the top and bottom lines in its fiscal 2024 third quarter, Costco turned in a better-than-expected 6.5% comparable sales increase.

Persons: Jim Cramer, Jim, Costco, Ron Vachris, Gary Millerchip —, Millerchip, Vachris, D.A, Davidson, Redburn, Rich Galanti, it's, Jim Cramer's, John Keeble Organizations: Costco, Walmart, Kroger, Costco Logistics, CNBC, Lakeside, Getty Locations: U.S, Japan, Korea, China, Grays, United Kingdom

Learn moreFor as long as I've lived in apartment buildings with older plumbing, I've relied on a water filter to make my tap water more palatable. My first choice was one of the best water filter pitchers, as it seemed easy to maintain and a cost-effective alternative to buying bottled water. Berkey Travel Berkey Water Filter System The stand-alone water filtration system uses gravity and activated charcoal filters to remove contaminants and store potable water in the 1.5-gallon lower chamber. If a freestanding filter system is too much of a commitment, consider a smaller countertop system or a filtering pitcher. Bernadette Machard de Gramont/Business InsiderThe Berkey systems are tried-and-true — I've been using the Travel Berkey at home for nearly two years now with no issues.

Persons: Bernadette Machard de, microfiltration, It's Organizations: Business, Shop, Machine

☆ The US Navy botched the design of its new $1 billion frigates: report
▼ + stars: | 2024-05-30 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

"The Navy had good reason to be optimistic that the frigate program was positioned to deliver capabilities on the schedule it promised," the report said. Advertisement"To reduce technical risk, the Navy and its shipbuilder modified an existing design to incorporate Navy specifications and weapon systems," the report said. "However, the Navy's decision to begin construction before the design was complete is inconsistent with leading ship design practices and jeopardized this approach." In addition to scheduling delays and the halting of ship construction, the Navy has yet to demonstrate frigate propulsion and machinery control systems. However, the report suggests that scheduling delays coupled with changes made to the frigate testing process may allow the Navy to test these two unproven systems on land.

Persons: — Organizations: Service, Navy, Business, US Navy, Office, Marinette Locations: Wisconsin

There are two ways to wire money: through a bank or through a wire service. How wire transfers workThe process of initiating a wire transferWire transfers typically come in two forms: a transfer between banks or through a money service, like Western Union. In general, a bank account wire transfer tends to cost less than using a service like Western Union. A wire transfer is a secure, electronic transfer of funds from one bank account to another. It's always good practice to review the recipient's information before initiating a wire transfer, and only send money to people you trust because it's difficult to reverse or cancel a transfer.

Persons: Cheryl Lock Cheryl Lock, Read Organizations: Western, Union, ABA, U.S, Network, USA, Forbes, MarketWatch, Twitter, LinkedIn Locations: Western Union, Union, U.S, Denver

☆ Amazon Prime now includes a Grubhub food-delivery subscription
▼ + stars: | 2024-05-30 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +1 min

Amazon is offering Prime members free Grubhub subscriptions in its latest effort to sweeten the perks of the $139-a-year loyalty program. The e-commerce giant previously gave Prime members a yearlong subscription to Grubhub, which includes free delivery on orders over $12. As part of the move, people without Prime can also place Grubhub orders directly through Amazon's website and mobile app. It launched Amazon Restaurants in 2015, allowing Prime members to order meals from local restaurants, which were then delivered by its fleet of drivers. The company shuttered Amazon Restaurants four years later to focus on grocery delivery.

Persons: Uber Organizations: Walmart, Target, U.S ., Amazon Locations: New York, Grubhub

☆ Boeing’s plan to fix the company could suggest major changes
▼ + stars: | 2024-05-30 | by ( Gregory Wallace | ) edition.cnn.com time to read: +3 min

It is unclear if Boeing will actually release its plans to the public; FAA chief Mike Whitaker is slated to speak about the Boeing plan later on Thursday. The plan is seen as a crucial step to rebuilding the safety culture and practices of the nation’s single largest exporter. Whitaker ordered the plan from Boeing after reviewing the findings of FAA auditors who visited the company’s 737 Max assembly line. The auditors were deployed in response to the January 5 door plug blowout on Alaska Airlines flight 1282, a months-old Max. The plan may be one of Boeing’s last major milestones under Calhoun, who announced in the wake of the blowout he would join other senior managers in leaving the company this year.

Persons: Dave Calhoun, Mike Whitaker, Dave Calhoun –, Whitaker, Max, Calhoun, ”, – Organizations: Washington CNN — Aircraft, Boeing, Federal Aviation Administration, FAA, CNN, Max, Alaska Airlines, National Transportation Safety Board Locations: Renton , Washington, Wichita , Kansas, Boeing’s Renton

☆ Shopify COO says in leaked memo that the Shopify Plus brand has 'outlived its usefulness' and will no longer be used
▼ + stars: | 2024-05-30 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Read previewShopify plans to stop referring to its Shopify Plus offering as a stand-alone brand, according to an internal post viewed by Business Insider. By deprecating the Shopify Plus brand, Shopify could be signaling that it no longer needs or wants to differentiate between its various customer segments. To make this obvious, we started a product line called Shopify Plus and built entire marketing campaigns around the Shopify Plus brand. We built Plus brand as a counter-position to the Shopify brand. Shopify Plus will have all the same brand equity as Shopify Advanced or Shopify Basic.

Persons: —, Kaz Nejatian, Nejatian, Harley Finkelstein, Shopify, Bobby Morrison, Adrianna Burrows Organizations: Service, Business, Shopify, Manhattan Associates Locations: Shopify's, mstone@businessinsider.com

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