Gene Munster, Managing Partner at Loup Ventures, discusses his prediction that Amazon will acquire Target in 2018 in an expansion of its brick and mortar business.
What does Target have that Amazon wants? He notes that Target appeals to the mothers and children that Amazon does not have a full grasp on yet. He also talks Amazon's desire to expand its retail footprint. We talk about some of the language around brick & mortar and the shift to retail. Munster adds that the future of retail is not strictly online - in 15 years, consumers will still want to make a grocery run.
Munster also discusses what will happen with Target locations if the buyout occurs. Will they all continue to be Target retailers or will Amazon use some of the spaces for warehouses, etc? The same question remains when it comes to Whole Foods locations.
Midea is voluntarily recalling about 1.7 million of its popular U and U+ Smart air conditioners because pooled water in the units may not drain fast enough, leading to mold growth.
Jeremy Fox-Geen, the Chief Financial Officer at Circle, joins Cheddar for a one-on-one interview as the company's stock surges on its first day of trading.
A unanimous Supreme Court has made it easier to bring lawsuits over so-called reverse discrimination, siding with an Ohio woman who claims she didn’t get a job and was demoted because she's straight.
