Bamboo Splinter

Apple is nobody’s mate. Literally.

On Wednesday, Apple Inc (NASDAQ: AAPL) broke another record by becoming the first U.S. publicly-traded company to hit a market cap of $2 trillion.

The Bamboo Team
Aug 20, 2020 • 1 min read

On Wednesday, Apple Inc (NASDAQ: AAPL) broke another record by becoming the first U.S. publicly-traded company to hit a market cap of $2 trillion. This comes just two years after the tech giant set the record as the first U.S publicly-traded company to reach a $1 trillion market cap. Apple also recently became the world’s most valuable publicly-traded company after surpassing oil giant, Saudi Aramco. Click here to read more.

Target’s second-quarter result was on target

Target’s (NYSE: TGT) Q2 earnings beat analysts’ expectations as its same-store sales, boosted by millions of new online customers, drove profits up by a whopping 80.3%. Its e-commerce and curbside pickup service surged more than 700% in Q2. Target also attracted 10 million new digital customers in the first half of 2020. Shares were up about 13% on the news and reached a 52-week high of $154.69. Click here to read more

Airbnb has filed to go public

Airbnb said on Wednesday that it has filed documents for an IPO with the Securities and Exchange Commission. The company did not disclose its financial information or how many shares would be offered in the IPO. The filing comes after a rough year for Airbnb and the U.S travel industry. Earlier this year, the company laid off about 25% of its staff, slashed marketing costs and raised billions of dollars in debt. Click here to read more

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Market Movers

Here are the biggest movers in pre-market trading

What else are we reading?

1. L Brands, the parent company of Victoria Secrets, reported a surprise Q2 profit boosted by demand for soaps and lingerie. Click here to read more
2. Intel shares jumped over 3% as it announced a $10 billion stock buyback plan. Click here to read more

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Bamboo Splinter
The Bamboo Team
The Bamboo Team
Aug 20, 2020 • 1 min read

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