Dear reader.
Logistics start-ups have long been among the secret stars of the start-up scene. Pandemic-related problems in global supply chains fueled demand – and the imagination of financiers. The great US model Convoy was now worth 4 billion, and two unicorn companies, Sennder and Forto, were also created in Berlin. This week we researched exclusively for you what the state of the industry is now and who actually wants to take over whom.
These are our top topics:
Who swallows whom: Berlin billion-dollar company Sennder is planning to take over bankrupt rivals
Why Apple miscalculated
Which German companies rely on start-up funds
How the TikTok boss is mobilizing Gen Z because of a possible ban
Top topic: Who benefits from the logistics crisis
The hype surrounding logistics start-ups is officially over: Convoy and its German counterpart Instafreight (recent sales of 73 million euros) are bankrupt, and Forto’s valuation has been smeared. But someone wants to take advantage of the crisis: Sennder boss David Nothacker (36). How exactly, You can read this in our exclusive research
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Heads: Shou Zi Chew ++ Mira Murati ++ Markus Braun ++ Don Lemon ++ Elon Musk ++ Bernhard Gademann
Stock market star Apple is in a bad position: the company has lost 7 percent in value since the beginning of the year, while the competition is performing significantly better. iPhone sales are also collapsing in China. Why? Apple strategically planned and what will happen next for CEO Tim Cook (63) is analyzed by our columnist Philipp Klöckner.
Chart of the week: The fund financiers
Companies like Bitburger and Haniel are relying on start-up funds as a new money machine: professional investors are supposed to generate returns for them – and thus protect traditional businesses. In a joint evaluation with the analysis service Startupdetector, manager magazin shows for the first time the largest fund financiers among German companies
– and explains their investment strategies.
Zalando is struggling with headwinds: As a result of inflation, customers have paid more attention to their spending. Thanks to austerity measures, the mail order company almost doubled its profits last year – despite weak sales. It fell to 10.1 billion euros. But the shareholders liked it.
Oracle is also lucky on the stock market: Given the high demand for infrastructure for artificial intelligence, the US software company and SAP rival recorded a jump in profits for the third quarter. The share rose by up to 14 percent.
The online forum Reddit wants to raise almost 750 million euros from its upcoming IPO. The company tries to increasing its value to $6.4 billion. But – oops – Reddit’s own stock forum r/stocks advises against purchasing
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The EU initiative EIT supports more mobility start-ups than almost any other investor. Boss Fredrik Hånell tells my colleague Anna Driftschröer how his view of the industry differs from that of other venture capitalists – for example, when it comes to the now unpopular e-scooters.
Number of the week: $1 trillion
Stripe – one of the five most valuable start-ups in the world with a valuation of $65 billion – announced payments over last year a trillion dollars (sic!)
to have been processed – 25 percent more than in the previous year. In a memo
Stripe CEO Patrick Collison (35) calculates that the payments recorded via the fintech amounted to around one percent of global GDP.
Skilling me softly: crises of meaning at work
Status: Lost. If you are currently experiencing a little crisis of meaning, the good news is: you are not alone. Five entrepreneurs and managers tell my colleague Sonja Banze how they deal with doubts at work – and how to get through it
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Error 404 – that was still missing: anti-coke fighters
Palantir CEO Alex Karp (56) recently had to deal with some short sellers who were targeting his company and were betting on the decline in the value of Palantir shares. In a CNBC interview, Karp made one very worthwhile rant
against the short sellers, all of whom he assumes have a cocaine problem. They would only bet against “great companies” like Palantir in order to be able to finance their drugs. But he wants to put an end to that and even “take away their coke from the short sellers”. The only question that remains is what anti-coke campaigner Karp, er, consumes?
We wish you a nice Friday. Because that’s it again with the “Tech Update” for this week.
As always, questions, comments or criticism are welcome to: tech-update@manager-magazin.de
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Many greetings Sarah Heuberger