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>>

  • US companies distance themselves from NRA as pressure mounts

    US companies distance themselves from NRA as pressure mounts

    Friday, February 23 2018 11:15 AM EST2018-02-23 16:15:02 GMT
    Friday, February 23 2018 2:59 PM EST2018-02-23 19:59:37 GMT
    Investment firm Blackrock wants to know how gun makers will respond to school massacre in Parkland, Florida, and elsewhere.
    Investment firm Blackrock wants to know how gun makers will respond to school massacre in Parkland, Florida, and elsewhere.
  • US asks judge to approve seizure of 'Pharma Bro' assets

    US asks judge to approve seizure of 'Pharma Bro' assets

    Friday, February 23 2018 12:14 AM EST2018-02-23 05:14:27 GMT
    Friday, February 23 2018 2:59 PM EST2018-02-23 19:59:16 GMT
    (AP Photo/Richard Drew, File). FILE - In this Aug. 15, 2017 file photo, Martin Shkreli is interviewed by Maria Bartiromo during her "Mornings with Maria Bartiromo" program on the Fox Business Network, in New York. "Pharma Bro" Martin Shkreli is due bac...(AP Photo/Richard Drew, File). FILE - In this Aug. 15, 2017 file photo, Martin Shkreli is interviewed by Maria Bartiromo during her "Mornings with Maria Bartiromo" program on the Fox Business Network, in New York. "Pharma Bro" Martin Shkreli is due bac...
    'Pharma Bro' Martin Shkreli is due back in court for a hearing about whether he should forfeit millions of dollars in assets including a one-of-a-kind Wu-Tang Clan album as part of his conviction in a securities...
    'Pharma Bro' Martin Shkreli is due back in court for a hearing about whether he should forfeit millions of dollars in assets including a one-of-a-kind Wu-Tang Clan album as part of his conviction in a securities fraud scheme.
  • AP-NORC Poll: People feel better about economy, not country

    AP-NORC Poll: People feel better about economy, not country

    Friday, February 23 2018 10:47 AM EST2018-02-23 15:47:26 GMT
    Friday, February 23 2018 2:58 PM EST2018-02-23 19:58:24 GMT
    Most Americans say things are bad in the U.S., but feel good about the economy.
    Most Americans say things are bad in the U.S., but feel good about the economy.
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