Amazon to invest $1 billion to digitise small and medium businesses in India

Bloomberg Campaign Counterprograms Democratic Debate With Weird Tweetstorm

Billionaire businessman Mike Bloomberg didn’t qualify for Tuesday night’s Democratic debate, but his campaign cooked up a bizarre plan to insert him into the conversation anyway: a lot of weird tweets.

Since Bloomberg has been financing his presidential run with his own money, he did not meet the Democratic National Committee’s grassroots fundraising threshold, which required each campaign to prove it had more than 200,000 unique donors spread across the country.

No matter for the extremely well financed Bloomberg, who has already spent tens of millions (and counting) on television ads. His social media staffers came up with dozens of strange tweets that had the effect of shadowing the whole debate conversation on social media.

Campaign spokeswoman Gaila Slayen confirmed the account had not been hacked, saying, “The social team is trying something fun tonight.”

Behold: the fun!

Apparently, at some point during his inauguration, Bloomberg plans to flaunt his love for “A Star Is Born,” the Lady Gaga version:

For the price of a postage stamp, you can receive a hardened, crusty slab of brown guacamole in a grease-stained envelope:

And good luck trying to forget ever seeing this:

But wait, there’s more.

Whether the second billionaire to enter the 2020 race as a Democrat got his money’s worth out of this stunt, however, has yet to be seen. 

Jenna Amatulli contributed to this report.

Diploma Plc Issues Trading Update; FY Expectations Unchanged – Quick Facts

Diploma plc (DPLM.L), an international group supplying specialised products and services, stated that the Group has made a positive start to the year with overall trading in line with expectations. The Group’s expectations for the full year remain positive and unchanged.

For the first-quarter, reported Group revenues increased by 9% from prior year. At constant exchange rates, Group revenues increased by 11%, with acquisitions completed last year contributing 9% and underlying growth of 2%. The Group’s operating margin remained in line with expectations.

SSE Plc Completes Sale Of SSE Energy Services To OVO Energy In £500 Mln Deal

Electric utility SSE plc (SSE.L) announced Wednesday the completion of the sale of its household energy and services business, SSE Energy Services Group Limited, to OVO Energy Limited for an enterprise value of 500 million pounds.

The net proceeds of the deal will be used to reduce SSE’s net debt.

Completion of the sale enables SSE to strengthen its focus on delivering the low-carbon infrastructure needed to help the UK reach net zero emissions.

Alistair Phillips-Davies, Chief Executive, said, “The sale is in line with our clear strategy, centred on developing, operating and owning renewable energy and electricity network assets, along with growing businesses complementary to this core.”

Stock To Watch: Growing Interest In Pinterest

Shares of Pinterest, Inc. (PINS) climbed 9.63% on Tuesday, before closing at $21.51 after the new data by eMarketer showed that Pinterest has become the third-largest social media platform in the U.S., beating Snapchat. The market research firm also sees the trend continuing through 2022.

The stock has been trading in a range of $17.39 to $36.83 in the past one year. Trading volume saw a big surge yesterday at 33969898 compared with an average volume of 10,533,242.

In October last year, when the company reported its third-quarter results, revenue had grown 47% year-over-year to $279.7 million. Pinterest had earnings on an adjusted basis, of $5.96 million or $0.01 per share in the quarter compared with loss of $14.91 million or $0.12 per share in the corresponding quarter a year ago.

Global Monthly Active Users (MAUs) had risen 28% year over year to 322 million. By the end of the third quarter, Pinterest served ads to users in 28 countries, compared to seven at the end of 2018.

For the full-year, revenue is expected in the range of $1.1 billion to $1.115 billion; This compares with the Street estimate of $1.11 billion.

Fourth-quarter and full-year earnings report is expected to be published on Jan 30.

Persimmon Issues Trading Update; Projects Pre-tax Profits In Line With Consensus

Persimmon plc (PSN.L) said it anticipates fiscal year pre-tax profits to be in line with market consensus. New home legal completions for 2019 declined 4% from last year.

For the fiscal year, Group revenues were 3.65 billion pounds, down 2.4% from prior year. New housing revenues reduced by 3.5% to 3.42 billion pounds. New home legal completion volumes were 15,855 compared to 16,449. Average selling price was in line with last year.

The Group will announce its results for the year ended 31 December 2019 on 27 February 2020.

Amazon to invest $1 billion to digitise small and medium businesses in India

Additionally, the e-commerce major would like to leverage its size and scale to export USD 10 billion worth of ‘Make in India’ goods by 2025.

Amazon chief Jeff Bezos, who is visiting India, announced on Wednesday an incremental investment of USD 1 billion to digitise small and medium businesses in India.

“21st century is going to be the Indian century. In this 21st century, most important alliance will be the alliance between India and the United States,” Mr. Bezos said.

Additionally, the e-commerce major would like to leverage its size and scale to export USD 10 billion worth of ‘Make in India’ goods by 2025.

Mr. Bezos is on a three-day India visit starting from Wednesday. Earlier in morning, Mr. Bezos paid homage to Father of the Nation Mahatma Gandhi at Raj Ghat.