Week 10/12/2020 - 10/18/2020

Roblox announced it has confidentially filed with the SEC to go public early next year.
Disney reorganizes media and announced that it would be shifting its entertainment strategy to have streaming be its “primary focus.”
Sony snags the #1 spot on the Wall Street Journal’s list of the 100 most sustainably managed companies in the world.

Apple promoted its new iPhone 12 including 5G. There’re also new iPhone Mini with 5.4-inch screen which is only $699.
JPMorgan’s profit rose 4% last quarter.
Facebook said it’s launching a new global policy that bans ads that discourage people from getting vaccines and it will still allow ads that advocate for or against legislation of government policies around vaccines, including the Covid-19 vaccine.
Delta’s earning report shows that it lost $5.4 billion last quarter.
Tesla cuts the the price of its Model S.
AMC warned investors it could run out of cash in 2020.

BlackRock invested $118 million to electric vehicle startup Arrival and it’s also reportedly looking to invest in a $10 billion Saudi Aramco oil pipeline deal. The diversification is meant to reduce risk by spreading investments across sctors that are not correlated.
Zoom launched a new platform called OnZoom which has paid entry fees. It shows Zoom’s extension to online ticketed events.
Europe’s daily rolling average of covid-19 cases keeps increasing and countries are gradually back to lockdowns.
Facebook and Twitter decided to limit the distribution of the unverified story that Joe Biden’s connection with Ukraine.
Goldman’s trading avenue increses while in the meantime Bank of America fell short, Wells Fargo still has trouble to cut costs.