Good evening!
Anyone tuning into The Oscars this weekend? Do we think Wicked will sweep it all, or should I be putting my money on The Brutalist?
Here are the 7 things you missed today:
1. 🛒 Amazon is Shutting Down its Android App Store
Starting August 20th, Android users will no longer have access to its app store. The decision comes as an effort to focus on developing the Amazon Appstore experience on the company’s own devices. The company is also discontinuing its Coins digital currency program for the app store and will refund any coins users hold. (TechCrunch)
2. 😬 If Your CPA Just Reached Out, It's Probably Too Late. Unless...
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3. 📉 Walmart’s Stock Tanked 8% After its Slow Year Forecast
Despite reporting strong results for the fiscal year ending January 2025, the retailer forecasted a 3% to 4% increase in annual sales for the year ahead. Following the announcement, Walmart’s stock shares fell 8% in pre-market trading before settling to a 6.2% decrease at today’s market close. (Quartz)
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5. ❤️🩹 AI Health-Care Startup OpenEvidence Hit $1Bn Valuation
OpenEvidence, an AI health-care startup founded by Kensho Technologies’ Daniel Nadler, raised $75 million in a fresh round of capital from Sequoia, shooting its valuation up to $1 billion. OpenEvidence is an AI assistant that helps physicians make better decisions at the point of care, and is reportedly already being used by a quarter of the doctors in the U.S. (CNBC)
6. 🕵️ Amazon Acquired the James Bond Franchise
Amazon is taking creative control over the lucrative James Bond film franchise from long-time producers Michael Wilson and Barbara Broccoli. Wilson and Broccoli will remain co-owners of the franchise, but will cede creative control (including who plays the next Bond) to MGM Studios, which Amazon acquired for $8.45 billion in 2021. (CNBC)
7. 📈 ChatGPT Hit 400M Weekly Active Users
“What competition?” - OpenAI, probably. ChatGPT experienced significant growth in recent months, reaching 400 million weekly users in February – a 33% increase from December. Despite looming competition from China's DeepSeek AI platform, ChatGPT retains its lead due to superior performance, speed, and accuracy. (Quartz)
Bonus. CEO Tip Of The Day
Building a team of trusted, productive, and dedicated employees sets the foundation of how successful your business will be… but it’s natural for things to change. Here’s why it’s critical to know when to hire and fire.
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