Cheddar morning business update 8/11: Amazon looks to sell concert tickets

Posted: Updated:
  • Shares of Snapchat’s parent company, Snap, are plunging after the company reported disappointing earnings and user growth. The number of daily Snap users only increased by 7 million from the first quarter compared to 8 million the previous quarter. Investors have been concerned about increased competition from Facebook and Instagram, which have been adding Snapchat-like features. 
  • Amazon is looking to take on Ticketmaster.com by partnering with venue owners to sell event tickets, Reuters reports. The retailer sees an opening in the ticket market because consumers hate ticket fees and want more access to events. It could be another perk for Prime members.
  • Consumer Reports is no longer recommending Microsoft Surface laptops and tablets, after a study estimated that about 25% of the devices will have problems by the end of the second year. Consumer Reports says it won’t recommend any other Microsoft laptops or tablets either, because of their "poor predicted reliability" compared to other brands.
  • BusinessMore>>

  • MGM sues Vegas shooting victims in push to avoid liability

    MGM sues Vegas shooting victims in push to avoid liability

    Tuesday, July 17 2018 2:31 PM EDT2018-07-17 18:31:22 GMT
    Wednesday, July 18 2018 12:52 AM EDT2018-07-18 04:52:53 GMT
    MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las...
    MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas.
  • Man suspected in California serial rapes drove for Lyft

    Man suspected in California serial rapes drove for Lyft

    Tuesday, July 17 2018 4:10 PM EDT2018-07-17 20:10:29 GMT
    Wednesday, July 18 2018 12:52 AM EDT2018-07-18 04:52:26 GMT
    Federal immigration authorities say a suspected serial rapist who is charged with posing as a Northern California ride-sharing driver to prey on his victims was living in the country illegally.
    Federal immigration authorities say a suspected serial rapist who is charged with posing as a Northern California ride-sharing driver to prey on his victims was living in the country illegally.
  • Lawmakers warn Trump tariffs threaten local newspapers

    Lawmakers warn Trump tariffs threaten local newspapers

    Tuesday, July 17 2018 11:33 AM EDT2018-07-17 15:33:32 GMT
    Wednesday, July 18 2018 12:52 AM EDT2018-07-18 04:52:18 GMT
    Members of Congress are warning that newspapers in their home states are in danger of layoffs, cutting coverage or going out of business entirely if the United States maintains recently imposed tariffs on Canadian...
    Members of Congress are warning that newspapers in their home states are in danger of layoffs, cutting coverage or going out of business entirely if the United States maintains recently imposed tariffs on Canadian newsprint.
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