New York Times (September 7)
“Shares in Apple, the world’s most valuable public company, continued to tumble on Thursday” amid reports of a China “ban on iPhones for government workers.” Apple looks poised “to lose $200 billion of market value, with shares falling about 6 percent over two days to roughly $175.” Ultimately, however, “the ripples will be felt more broadly: If one of the most successful operators in the world’s second-largest economy is at risk, can any Western company thrive there?”
Tags: $200 billion, Apple, Ban, China, Economy, Government workers, iPhones, Market value, Ripples, Risk, Shares, Successful, Thrive, Tumble, Valuable, Western company
The Economist (April 4)
“The unicorn reality check was under way before America declared a national state of emergency over covid-19 on March 13th. Venture capitalists reckoned that a third of American unicorns would thrive, a third would disappoint and a third would be taken over or die.” With the coronavirus acting as an accelerator, we might find out the fate for the 450 or so global unicorns more quickly than expected. “A shake-out looms.”
Tags: Accelerator, Coronavirus, COVID-19, Disappoint, Emergency, Reality check, Shake-out, Thrive, Unicorn, VCs
