Cheddar morning business update 8/11: Amazon looks to sell concert tickets

Posted: Updated:
  • Shares of Snapchat’s parent company, Snap, are plunging after the company reported disappointing earnings and user growth. The number of daily Snap users only increased by 7 million from the first quarter compared to 8 million the previous quarter. Investors have been concerned about increased competition from Facebook and Instagram, which have been adding Snapchat-like features. 
  • Amazon is looking to take on Ticketmaster.com by partnering with venue owners to sell event tickets, Reuters reports. The retailer sees an opening in the ticket market because consumers hate ticket fees and want more access to events. It could be another perk for Prime members.
  • Consumer Reports is no longer recommending Microsoft Surface laptops and tablets, after a study estimated that about 25% of the devices will have problems by the end of the second year. Consumer Reports says it won’t recommend any other Microsoft laptops or tablets either, because of their "poor predicted reliability" compared to other brands.
  • BusinessMore>>

  • San Francisco to consider tax on companies to help homeless

    San Francisco to consider tax on companies to help homeless

    Monday, July 16 2018 9:59 PM EDT2018-07-17 01:59:16 GMT
    Monday, July 16 2018 11:42 PM EDT2018-07-17 03:42:41 GMT
    (AP Photo/Eric Risberg, File). FILE - In this Feb. 23, 2016 file photo, a man stands outside his tent on Division Street in San Francisco. San Francisco voters will decide in November 2018 whether to tax large businesses to pay for homeless and housing...(AP Photo/Eric Risberg, File). FILE - In this Feb. 23, 2016 file photo, a man stands outside his tent on Division Street in San Francisco. San Francisco voters will decide in November 2018 whether to tax large businesses to pay for homeless and housing...
    San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services in a city struggling with income inequality.
    San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services in a city struggling with income inequality.
  • Elon Musk's social media conduct may be bad for his business

    Elon Musk's social media conduct may be bad for his business

    Monday, July 16 2018 5:16 PM EDT2018-07-16 21:16:16 GMT
    Monday, July 16 2018 11:42 PM EDT2018-07-17 03:42:29 GMT
    (AP Photo/Kiichiro Sato, File). FILE - In a Thursday, June 14, 2018 file photo, Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference, in Chicago. Whether it’s investors betting against his stock, reporters or analysts who a...(AP Photo/Kiichiro Sato, File). FILE - In a Thursday, June 14, 2018 file photo, Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference, in Chicago. Whether it’s investors betting against his stock, reporters or analysts who a...
    Elon Musk's social media conduct may be bad for business, could land him in court facing defamation lawsuit.
    Elon Musk's social media conduct may be bad for business, could land him in court facing defamation lawsuit.
  • Amazon's Prime Day runs into early snags

    Amazon's Prime Day runs into early snags

    Monday, July 16 2018 3:25 AM EDT2018-07-16 07:25:19 GMT
    Monday, July 16 2018 11:42 PM EDT2018-07-17 03:42:24 GMT
    (AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than last year's and will ...(AP Photo/Patrick Semansky, File). FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon's Prime Day starts July 16, 2018, and will be six hours longer than last year's and will ...
    Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods.
    Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods.
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."