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$GPRO said that looking ahead into 2Q16, it expects channel sell-through to be significantly higher than sell-in enabling the global channels to further reduce their inventory ahead of new product launches. Regionally, the Americas accounted for the largest portion of revenue making up 46% of 1Q16 followed by EMEA at 33% and APAC at 21%.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.