Jennifer Saba is a columnist covering media, Silicon Valley and Wall Street based in New York. She joined Breakingviews in 2015 from Reuters where she was a correspondent reporting on companies like Fox, News Corp and the New York Times. Jennifer has covered media for more than 15 years in San Francisco and New York. She began her career in advertising. She has a graduate degree in journalism from Stanford University and an undergraduate degree in English from The University of Texas.
Tencent Music’s IPO valued it at the same $23 bln as its Swedish rival, even though the Chinese service is profitable and Spotify is not. Their business models are worlds apart, but as one moves into video and the other builds up subscriptions they will sound increasingly alike.
The $3 bln online review site has gone through management fumbles, fierce competition and a slumping share price. No wonder investor SQN is calling for fresh thinking. With Google and Facebook fighting bigger battles, Yelp should be doing better at winning over small advertisers.
Chairman Eddie Lampert is offering $4.6 bln to buy the U.S. retailer out of bankruptcy and save 50,000 jobs. Focusing on employees is laudable. But Lampert failed to turn Sears around in more than a decade of trying. Its staff and advisers would be better off with new ideas.