Hello, Amid the frenetic news of tech stocks, it is easy to miss out on the struggles of a legacy company—Warner Bros. Discovery. The US entertainment group has reported a quarterly net loss of , way more than Wall Street’s expectations of a $542 million loss and even more than its total revenue at $9.
7 billion. Discovery and WarnerMedia had merged in 2022 to fight against the brutal streaming competition. But, going by its plummeting stock, which at one point hit a new low of , looks like the megamerger only delayed the inevitable.
By contrast, seems to have hit the right chords, both in terms of content and pricing. In the world of Indian startups, Brainbees Solutions, the parent company of omnichannel maternity and babycare platform , picked up pace after a slow start, with its IPO subscribed more than 12X on its third day. Moving on, AI wearable tech might be a hit only on paper.
Case in point: the . The $700 gadget, which officially launched late last year with no great reviews to begin with, only sold some 10,000 units, of which 3,000 have been returned. In June, the company, led by ex-Apple designers, was looking for buyers, including HP.
It is now reportedly negotiating with its current investors to raise debt. With Apple also scaling back its dreams due to poor demand, the hunt for the latest hot gadget is still on. Oh, but what apparently has a market, at least according to Italian fashion house Dolce and Gabbana, is a for dogs! The inspiration for the alcohol-f.