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Home Blog Page 10941

Groupon (NASDAQ:GRPN) Q3 Earnings & Breaking Revenues Top Estimates with $304 million in revenue

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Image Credit Groupon

 

 

Groupon   ( NASDAQ: GRPN) reported third-quarter 2020 non-GAAP earnings of 15 cents per share, versus the Zacks Consensus Estimate of a loss of 52 cents. The company had reported non-GAAP earnings of 27 cents in the prior-year quarter.

Groupon   Revenue of $304 million beat the Zacks Consensus Estimate by 0.9%. The figure, however, declined 38.7% on a year-over-year basis.

Service revenues (51% of revenues) were down 42.2% year over year to $155.1 million. Product revenues (49% of revenues) deteriorated 34.5% to $149 million.

Local revenues of $135.1 million declined 43.8% from the year-ago quarter. North America Local revenues declined 43.7% and International Local revenues fell 47.2%, excluding foreign exchange effect.

Goods revenues declined 31% year over year to $161 million. North America Goods revenues declined 32.9%. International Goods revenues also deteriorated 33.2%, excluding foreign exchange effect.

Travel revenues fell 63.6% year over year to $7.89 million. North America Travel revenues plunged 65.3%. International Travel revenues declined 63.2%, excluding foreign exchange effect.

In the third quarter, gross billings were $597.1 million, down 46.6%, excluding foreign exchange effect.

Groupon North America billings were $362.3 million, down 49.4% year over year. International billings were $234.8 million, down 41.4% excluding foreign exchange effect.

North America Local and Travel gross billings declined 54.9% and 67.1%, respectively, while Goods gross billings decreased 18.5% on a year-over-year basis.

International Local and Travel gross billings declined 47.7% and 44.8%, respectively while Goods gross billings decreased 30.2% on a year-over-year basis, excluding foreign exchange effect.

Owing to the coronavirus crisis-induced negative impact on demand, global units sold during the reported quarter declined 40% year over year to 21 million.

Region wise, North America units were down 13% in Goods and 50% in Local categories. International units were down 20% in Goods and 49% in Local categories.

Trend Analysis

GRPN appears to be consolidating within a longer-term uptrend. Shares are presently above the 200-day moving average, which is rising along with the 10-day moving average. However, the Average Directional Index, or ADX, is below 20, indicating that shares have exhibited sideways movement recently. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500. Source: Charles Schwab.

 

Momentum and Volume

Momentum for GRPN is strongly bullish. The 14-period Slow Stochastic Oscillator is rising, as investors pay higher prices for shares. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.  Source: Charles Schwab.

 

CWEB Analysts view the stock Groupon (NASDAQ:GRPN)   as a long term growth and a great addition to your investment portfolio with an upward momentum of   $60-$150 by 2021 with direct competition to Amazon and Etsy.

Live Video Rep. Marjorie Taylor Greene hangs sign mocking congressional neighbor’s transgender pride flag

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Rep. Marjorie Taylor Greene hangs sign mocking congressional neighbor’s transgender pride flag Rep. Marjorie Taylor Greene, R-Ga., placed a sign outside her office Wednesday mocking Democratic Rep. Marie Newman,   after Newman hung a transgender pride flag next to her door showing protest over Greene’s opposition to a LGBTQ rights bill.

Newman, who has a transgender daughter, tweeted a video of herself putting up our Transgender flag so Rep Marjorie Taylor can look at it every time she opens her door,” Newman, of Illinois, wrote in the tweet. up the flag Wednesday after she said Greene tried to block the Equality Act on the House floor “because she believes prohibiting discrimination against trans Americans is ‘disgusting, immoral, and evil.’”

 

 

Video Lady Gaga’s dog walker shot in the chest four times by dog nappers while walking her French Bulldogs. Gaga posts $500,000   reward

 

Lady Gaga’s dog Walker Jan Fisher was walking her dog in West Hollywood, near his home  at 10:00 PM on Wednesday night. Koji, Miss Asia and Gustav were stolen by dog napper, but her other bulldog, Miss Asia managed to get away from the robbers. Gaga is away in Rome, Italy, working on a new Ridley Scott movie and that is why the dogs were left with Fisher.

 

Credit Twitter

Her dog walker, Jan Fisher was found lying on the road by police and quickly taken to a nearby hospital. he is now recovering and in stable condition.

French Bulldogs are in extremely high demand. The value  for these dogs is  as high as $10,000 for pedigree  lineage. It is still under investigation if  her dogs what specifically targeted, Lady Gaga is offering a $500,000 reward no questions after the recovery of this beloved dog.

Later that evening Lady Gaga’s bodyguard picked up the dog Asia at the police station.

 

Koji and Gustavo were stolen while Miss Asia was later recovered by police, according to the report. Gaga is in Rome working on a new movie. Her bodyguard was seen picking up the recovered bulldog, TMZ reports.

Gaga has offered a $500,000 reward for their return, no questions asked, and anyone who has the dogs can email KojiandGustav@gmail.com to retrieve the reward,  according to TMZ.

 

Washington DC Fox 5 suspends news anchor for “fat shaming” obese who get COVID-19 vaccine in tweet

 

Blake McCoy, co-anchor of Fox 5’s evening broadcast has been suspended from his post at the WTTG station, for tweeting on Tuesday against the obese, who have been getting vaccines as a priority in America. He has faced a backlash on Twitter for his comments as well as his lame excuse of an apology.

 

He posted that he was annoyed that obese people of all ages were prioritized to receive the vaccine before essential workers. He added that when most people stayed at home, essential workers like him put themselves and their loved ones at risk.

 

He said that all essential workers should be vaccinated before the obese. Obese persons have higher risks of contacting COVID-19. In Washington DC, news anchors do not fall in the “essential workers” category

 

 

Incidentally LGBTQ Nation reported that the gay anchor had worked from home in the beginning of the pandemic. It said that he had also posted Instagram photos of his travels: from Hawaii to California and from New York to West Virginia. In most of the photos, although he is surrounded by several people, he is most often mask-less.

 

Later he issued an apology and deleted his tweet. His apology was considered both bland and hollow. Many people criticized him for his remarks as well as his apology.

 

Another DC based journalist, who also identifies as gay, said that the “shameful” anchor should be fired for his awful tweet about the recipients of the coronavirus vaccine and questioned him regarding “which comorbities are Ok?”

 

One essential worker, who said that she was a plus-size and worked in healthcare, said that she was “pretty saddened to see that tweet.”

 

Another worker said that her sister suffered from mental health issues resulting in obesity and that she was a healthcare worker and cared for people. She called his tweet “truly despicable.”

 

One man even mentioned his struggles with weight issues his entire life and had considered suicide due to judgemental people who body shamed him. He told the Blake McCoy that he he used to respect him. He also asked the anchor “to learn something from this.”

 

There were many responses on Twitter in a similar vein.

Image Credit Fox

American diplomats forced to take anal swab coronavirus tests in China

 

 

American diplomats, who are stationed in China, said that they were made to take anal swabs instead of respiratory swab, to detect the presence of the coronavirus. Washington said that this procedure was undignified. It asked staff to refuse to take the test.

 

A U.S. person, who is conversant about the matter, told vice that the State Department had not agreed to this type of testing. The person also said that they had directly brought this undignified method of testing to the notice of the Ministry of Foreign Affairs, when staff complained that they were subject to such tests.

 

Zao Lijian, the Foreign Ministry spokesman, in a daily briefing in Beijing, denied the claims made by U.S. officials and said that it has no knowledge of such tests being carried out on U.S. officials. He said that China had never required that U.S. diplomatic staff, stationed in the country, should be subjected to anal swab tests.

 

 

A representative from the State Department said that it would guarantee that American diplomats and their families would remain safe and secure in the country, while “preserving their dignity.”

 

Beijing claims that the test was necessary for incoming travelers in specific areas of China. It began using anal swabs to test persons for the coronavirus more often after a nine-year old boy was found to have contacted the virus in January. Authorities say that within days, over three million Chinese, living in three specific districts, were tested to avoid the risk of high transmission.

 

A Chinese disease control expert said that the anal swab test was used in key groups at quarantine centers.

 

Credit Wiki

 

Experts differ on the efficacy of the anal swab test. While it is a fact that the viral load may be higher and traces can be found in feces for longer periods of time, there is no evidence that shows that it gets transmitted through the digestive system, according to Yang Zhanqui, a deputy director at Wuhan University.

 

Yang also told state media Global Times that nasal and throat swabs are the most effective ways to test the coronavirus. COVID-19 is contracted via the respiratory tract and not via the digestive system.

‘Top Secret’ documents reveal Khashoggi assassins took advantage of company resources seized by Saudi crown prince

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According to recently filed court documents, seen by CNN, the two private jets used in the assassination of Jamal Khashoggi belonged to a company that had been seized by Saudi crown prince Mohammed bin Salman (MBS), less than a year before the killing. The Washington Post columnist was allegedly dismembered by a Saudi assassination squad in Istanbul, Turkey.

 

The documents were filed as a part of a civil law suit in Canada. They are labeled ‘Top Secret’ and are signed by a Saudi minister, who said that they were relayed as per the orders of the crown prince.

 

The filings show that the ownership of Sky Prime Aviation was transferred, in 2017, into Saudi’s $400 billion sovereign wealth fund, which is under the control of the Saudi crown and its chairman is MBS. Two planes from this company were used for the assassination of Khashoggi in October 2018.

 

The documents showing the link between the planes and the de facto ruler of Saudi Arabia. These documents were filed by a group of companies owned by Saudi Arabia as part of an embezzlement suit in Canada. The suit was against a former top intellectual official of the Saudi State, Aljabri.

 

Last year, Aljabri filed a lawsuit in Washington, DC against MBS accusing him of sending an assassination team to Canada to kill him. This attempt allegedly took place days after Khashoggi was murdered. A summons was served to the de facto ruler of Saudi Arabia via WhatsApp. In December, a lawyer asked for case dismissal.

 

There were no previous reports indicating that the ownership of the fleet of private planes, from Sky Prime Aviation, had been transferred to Saudi Arabia’s Public Investment Fund, before the killing.

 

In October 2018, the Wall Street Journal had reported that the Gulfstream jets, used by the killer squad, were owned by a company under MBS’s control, according to people familiar with the matter.

Both the CIA and a United Nations investigator felt that it was “inconceivable” that MBS was unaware of the operation and the suspects given prison sentences for the killing were what the investigator called “a parody of justice” as the lowest level of offenders were sentenced, while the higher ups have not faced justice.

 

The new revelations have not as yet got any response from Saudi officials either in Washington or in Riyadh. MBS had denied that he had ordered the death of the journalist though he had said that he bears responsibility for the assassination of Jamal Khashoggi.

Liz Cheney says Trump should not play a role in GOP or country future: McCarthy says he has a right to speak at CPAC

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On Wednesday, the rifts in the GOP were once again apparent during a House Republican news conference. The conference ended hurriedly, on an awkward note, when differences arose between Rep. Liz Cheney and House Minority Leader Kevin McCarthy.

 

Cheney had said that Donald Trump should not play a role in the future of the GOP. She was attending the news conference along with her Republicans team mates who have been supporting the former president.

 

Cheney was dismissive of Trump’s role when asked if he should be speaking at the Conservative Political Action Group (CPAC) on Sunday, at Orlando, Florida. Earlier Trump had agreed to speak at the CPAC while former Vice President Mike Pence declined the invitation.

 

 

She added that it was up to the CPAC whether Trump spoke or not. She said that she didn’t believe that he (Trump) should be playing a role in the future of the party or the country.

 

After these comments were made Kevin McCarthy, R-Calif. and House Minority Leader, abruptly ended the news conference. Incidentally McCarthy will also be appearing at the CPAC. Just before Cheney spoke, he had said that Trump had the right to speak at the conference.

 

Cheney criticized Trump, a day after she had once again blamed him for inciting his followers to attack the Capitol on January 6. During a question-and-answer session after a foreign police address, she had spoken against him for “summoning the mob” and “provoking them” to attack the Capitol, violently, as Congresspersons were in the constitutional process of counting electoral votes.

 

Cheney has been criticized by the pro-Trump Republicans as well as the Republican office in Wyoming her home state. However, she has not backed down from her position. Trump and his supporters have said that they will support primary challengers to all those Republicans who supported the impeachment process, specially Cheney.

 

Kevin MacArthur had criticized Trump after the January 6 insurrection at the Capitol but had relented in the following weeks. He visited the former President at Mar-a-Lago in Palm Beach, Florida. They had discussed strategies for the upcoming 2022 Congressional elections.

Image Credit Wiki

Image Credit Wiki

Why did Chrissy Teigen beg Biden to Unfollow Her on Twitter?

 

Chrissy Teigen requested Biden @POTUS to unfollow her. Her heartfelt yet humorous tweet is as follows:

 

I have tweeted a handful of

Times since my treasured

@POTUS following. In order

For me to flourish as me, I

Must ask you to please lord

Unfollow me. I love you!!!

It’s not you it’s me!!!!

 

9:45 PM Feb 23, 2021

 

The 35-year-old model  was blocked  by former President Donald Trump on Twitter in 2017 and gained a follow  from Biden back in January, becoming the first celebrity to have done so.

 

About ninety minutes later, she announced that she has been unfollowed with an expletive laden tweet which said she was free.

 

 

The supermodel, who was famously unfollowed by Donald Trump on Twitter, had been a persistent critic. One of her tweets “no one likes you” resulted in her being finally blocked by the then president on     July 25, 2017.

 

President Joe Biden’s official handle started following her last month on January20, 2021. The handle only follows about a dozen or so people.

 

It not clear why Teigen wanted to be unfollowed though she was ecstatic when she was followed on Twitter by Biden sometime in the end of January.

 

She had tweeted: “OH MY GOD!!!!!!!!!!”

 

There is a lot of wild speculation on why she wanted to be unfollowed. There could be “n” number of them.

 

Some of the probable reasons are indirectly mentioned by her and include:

 

  1. She felt stifled and couldn’t not be her natural self while tweeting
  2. She became self-conscious about her tweets
  3. She couldn’t fathom the reason why she was followed
  4. She felt she could not flourish as she felt constrained to probably tweet more seriously
  5. She was missing tweeting humorously
  6. She couldn’t use expletive language, which can be a natural way to vent

 

The list goes on but the exact reason or reasons can only be put forth by Chrissy Teigen when and if she wishes to share them with her followers.

 

Perhaps her husband, singer John Legend may or may not throw light on this matter some day?

Johnson & Johnson Covid-19 vaccine meets requirements for emergency use authorization.

 

 

The US Food and Drug Administration issued a report that  the Johnson & Johnson Covid-19 vaccine has met the requirements for emergency use authorization.

The efficacy of the Johnson & Johnson vaccine against moderate to severe/critical COVID-19 across all geographic areas was 66.9% at least 14 days after the single dose vaccination and 66.1% at least 28 days after vaccination, a new analysis meant to brief the FDA’s Vaccines and Related Biological Products Advisory Committee said.

 

 

On February 4, 2021, Janssen Biotech, Inc. (the Sponsor) submitted an Emergency Use  Authorization (EUA) request to FDA for an investigational vaccine intended to prevent COVID19 caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The vaccine,  known as Ad26.COV2.S, is a replication-incompetent adenovirus type 26 (Ad26) vectored  vaccine encoding a stabilized variant of the SARS-CoV-2 S protein. The proposed use under an  EUA is for active immunization to prevent COVID-19 caused by SARS-CoV-2 in individuals 18  years of age and older. The proposed dosing regimen is a single intramuscular injection at the  dose level of 5×1010 viral particles (vp) Source: FDA.gov

 

 

On Friday , the Vaccines and related Biological Products Advisory Committee, an independent group of FDA advisors will review the documents and make a recommendation about whether the COVID-19 vaccination should be authorized.

 

The FDA said that it has reviewed the data for the vaccine and determined it is “consistent with the recommendations set forth in FDA’s guidance Emergency Use Authorization for Vaccines to Prevent COVID-19.”

U.S. states, including Maryland, could begin to get allocations of Johnson & Johnson’s COVID-19 vaccine as early as next week Gov. Larry Hogan  said Tuesday.

The FDA said that it has reviewed the data for the vaccine and has determined that it is “consistent with the recommendations set forth in FDA’s guidance Emergency Use Authorization for Vaccines to Prevent COVID-19.”

 

Tiger Woods recovering from surgery sustaining serious injuries to both his legs

A few minutes after 7 a.m. PT Tuesday in Rancho Palos Verdes Tiger Woods  SUV crossed a median and veered across two lanes of road before hitting a curb, hitting a tree and landing on its side in the brush, Los Angeles County Sheriff Alex Villanueva said.

No tire tread marks were seen on the road, but it has been reported that he left his hotel to drive to  Rolling Hills Country Club to film a show with  Discovery networks to be behind-the-scenes videos and “teaching lessons” with certain celebrities. Tiger was scheduled to do promo shoot with Chargers star Justin Herbert.  Genesis Motor North America confirmed with FOX 11 news in Los Angeles that Woods was in a 2021 GV-80 during the crash. Drugs and alcohol did not appear to be contributing factors in the crash.

 

 

Photo Credit: Twitter David Spade on Feb 22, 2021