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Mobile Minutes: Walgreens axes Drugstore.com; Microsoft culls phone business; Baidu’s plunge; Groupon eyes growth

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August 1, 2016

Screen Shot 2016-07-29 at 12.47.55 PMWalgreens to shut down Drugstore.com, focus on own Web site
Walgreens Boots Alliance Inc. on Thursday said it is shutting down two websites–Drugstore.com and Beauty.com–five years after acquiring them, a sign of how traditional retailers continue to struggle with online properties.
Read more on The Wall Street Journal

Microsoft to cut 2,850 more jobs in exit from phone business
Microsoft Corp. is more that doubling an earlier job cut plan, part of Chief Executive Officer Satya Nadella’s move to pare the company’s smartphone ambitions.
Read more on Bloomberg

Baidu suffers record plunge in profit
Baidu Inc. suffered its biggest earnings drop since it went public 11 years ago, after government investigations into the Internet giant’s search and advertising practices led to stricter regulations that hurt its ad business.
Read more on The Wall Street Journal

Groupon CEO wants to ‘double down’ on local
Groupon CEO Rich Williams said Thursday the daily deals company is fighting for customers but not for its very survival.
Read more on CNBC

 

 

 

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