Jeff Bezos Is Only Getting Richer

This week, Amazon’s (NASDAQ: AMZN) CEO Jeff Bezos got even richer. On Monday, he added $13 billion to his net worth. He is now worth $189.3 billion and is on track to becoming the first trillionaire by 2026. So you could definitely say, coronavirus pandemic or not, Amazon continues to thrive.

Apple Software Company Set to Go Public

Jamf Holdings, a cloud software platform that allows you to connect and manage Apple devices, has announced that it’s expecting to go public on Thursday, July 23 and aims to raise $272 million to $304 million from its IPO.

Uber Buys Postmates

On Monday, Uber (NYSE: UBER) bought food-delivery startup Postmates for $2.65 billion. At the start of the COVID-19 pandemic, Uber realized it needed to push its business towards profitability and growth. With its Uber Eats division increasing by 53% in the first quarter of 2020, the obvious direction in which to go was the food-delivery market.

Advertisers Are Boycotting Facebook

On Monday, Facebook shares fell close to 3% in early trading but eventually rebounded. The list of advertisers abandoning the site continues to grow. Some big companies, like Starbucks (NASDAQ: SBUX), Coca-Cola (NYSE: CCEP), and Hershey’s (NYSE: HSY), announced they would be pausing their advertising spending on the social media platform.

Robots Are Helping Health Care

Health care robots are becoming more of a reality rather than just some idea of the “future.” According to a report by Zion Market Research, by 2025, global medical robot expenditures are expected to increase by approximately 20% to reach $24.6 billion.