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Showing posts from April, 2018

Xiaomi prepares for $10 Billion IPO

Xiaomi's eight co-founders image credit: Xiaomi Let's brace up! Another public offering is on the way, Xiaomi, The popular Chinese electronics brand led by Kingsoft co-founder and chairman Lei Jun is going public, Guess what? They're raising a whooping $10 Billion on the Hong Kong IPO market. Xiaomi as a company has very awesome and innovative perks which include the company's recent promise to distribute cash back to its customer (Yes they said that) if the profit gets too high. The company said it'll forever limit its profit margins after tax on smartphones, Home devices and other hardware to just 5%. This upcoming IPO will be the current biggest of this year with marketers saying the company is very expectant of a valuation of well above $100 Billion, Ahead of the public offering two of its eight co-founders recently resigned from the company which comes during the company's re-structuring in preparation for its IPO. Xiaomi's IPO will be the

Walmart may join hands with Alphabet to purchase huge Flipkart stake

As of recent, The news that Walmart is preparing to buy a 51% stake in Flipkart has been everywhere but right now, Information has been released that Walmart may get Alphabet to join in its bid in addition to four board seats in the company if the deal goes through. This comes as the company wants to compete fiercely with major e-commerce competitor Amazon through every way possible, Targeting India which is a very good market for huge growth is  very unique and good strategy for the company. Walmart has reportedly offered to buy up a huge (85 - 86)% of Flipkart through a combination of different investments which will involve current shareholders including Tencent, Softbank, Naspers, ebay inc, US based hedge fund Tiger Global Management and other shareholders partly or fully sell its stakes at choice. Walmart is also reportedly negotiating with Flipkart founders, Binny and Sachin Bansal for the entire purchase of their stakes in the company. This acquisition will be the bigg

God of War sells high!

According to analysts  GFK Chart-Track , Far Cry 5 released just a month ago which is the current best selling game of the year has been pushed to no 2 in the UK by the recently released "God of War" when beaing measured by physical game sales only. Also coming to the top 5 include Fifa 18, Mario Kart Deluxe and the awesome console 'The Nintendo Labo Variety Kit' which comes in at number 3 best selling entertainment item on the list. It's very amazing that  God of War retains its first position despite it only being released for the PS4 currently. The gaming industry is a very competitive one so we can always watch and use the above linked analysis to monitor the battle for sales between video games and its consoles. The top ten from the list include; God of War Far Cry 5 Nintendo Labo Toy-Con 01: Variety Kit FIFA 18 Mario Kart 8 Deluxe Fallout 4 Call of Duty WW2 Super Mario Odyssey PlayerUnknown's Battlegrounds Grand Theft Auto V

Watch Dogs 3 might be on the way!

Well, If you're a Watch Dogs fan, You better be very happy, Your fellow fans have been trailing a series of clues and guess where it headed to? The fact that Watch Dogs 3 might be dropping very soon! Where did the information come from? well blame an April fool's joke, a deleted tweet and an AI bot who talks too much. Watch Dogs publisher Ubisoft's recent April fool's joke allowed its users to hack into an admin part of its website, yeah you get that....We're always hacking in Watch Dogs....Users were able to access some pieces of information and Easter eggs on its site...then came a tweet by the company saying "This is Everything" in reference to Watch Dogs' popular phrase "Everything is Connected" The tweet was immediately deleted....Then came its AI bot Sam which when asked about the Wath Dogs sequel, responds saying ""Watch Dogs 3 is not finished yet, but from the last early build I tried it's very solid. The Dev team wo

The Zozosuit will now be doled out to consumers!

Start Today Co. In what we term as wonderful innovation in fashion, Japanese founder/tech billionaire Yusaku  Maezawa has made it known that Start Today Co. The company he runs which operates popular fashion site Zozotown will begin doling out its Zozosuit, A piece of tight clothing which will measure every proprtion of the buyer's body and don out his/her exact size of choice and clothing, Zozosuit is advertised on its official website using the catchphrase 'Welcome to a Size Free World'. Clothes of the perfect fit will now be delivered to customers which will bring with it a wonderful shopping experience and a swath of consumer recommendations, The Zozosuit contains over 150 integrated sensors which in turn captures 15,000 accurate body measurements to enable delivery of clothing of the perfect size. Pre-orders for the Zozosuit was launched last year with the company now fulfilling its promise of delivering the body measurement suit to its buyers.

Infinity War makes history!

Courtesy : Marvel Recently released blockbuster Avengers : Infinity War has broken box office records with the movie grossing a huge $630 million global gross in its debut weekend, This is highest weekend gross recorded of any movie in history. Statistics also shows that the movie raked in a huge $250 million in North  America alone, It's calculated international weekend take of $380 million beats that of  The Fate of the Furious, Star Wars and other very notable movies. The movie which carried a production budget of about $300 - $400 million was directed by the notable Russo brothers (Joe and Anthony Russo), The same Russo brothers were also the top directors two years ago by box office gross with their' Captain America : Civil War scoring $1.15 billion in total at the global box office. Marvel has surely been winning as of recently with its recent Black Panther movie having grossed $1.3 Billion worldwide in addition to its new' Infinity War. Marvel, which is in

The Red Magic sells out within 37 seconds!

Courtesy : Red Magic ZTE subsidiary Nubia recently held a huge flash sale on Jingdong Mall (JD.com), Part of this sale involved the Red Magic gaming phone, The new phone was part of three devices selected for the flash sale and guess what? The entire inventory consisting of 10,000 phones sold put within 37 seconds! The smartphone was previously put up on Indiegogo (more of a publicity stunt than actual need for funding) so users couldn't just wait to get their hands on it causing the entire inventory to sell out so fast......we mean so fast the sale ended as soon as it started. The smartphone starts with a price of about $500 with another flash sale coming 2 days from now, Nubia is likely going to make available a whole lot of the gaming phones! given its extremely swift sale. We have witnessed a recent comeback of awesome gaming smartphones as of recent starting with the Razer Phone and the Black Shark which comes from a startup backed by tech giant Xiaomi. You should n

ServiceNow Founder Fred Luddy Is Now a Billionaire!

    Image credit : WBIW It seems Forbes is so good at predicting their future well.......Billionaires.... It did that for ServiceNow founder Fred Luddy way back in 2012 and guess what? He is now a billionaire! This is according to a recent report from Bloomberg , Fred currently has a stake of $240 millio in the firm and has in total sold shares worth $900 million plus which brings his net worth to a whooping $1.1 Billion. Since ServiceNow went public, Iit's market capitalization has grown to 8 times its debut value with the company now being valued at $29 Billion. The company which had revenues north of $200 million in 2012 has grown to $1.93 Billion in revenue for 2017. It looks very nice with extreme innovation and wealth popping up so fast from the technology sector, We should now sit up and achieve more of awesome things like this.

Report: Apple is working on an Insane VR headset

Apple A recent report has suggested that Apple is not just working on the development of its own AR glasses, The company currently has set its sights on the release of a very powerful VR headset in two years time. This new move will push the company further into competition with its peers of  Facebook, Google and Microsoft. The project code-named T288 involves the production of a super VR headset with 8K display for each eye with a wireless connection for its stand-alone box which will be powered by a processor coming from Apple which would be the main brain behind the VR sysem. Apple didn't comment on this report but let's hope the company will deliver the best headset for its customers.

The Essential is now available in much more countries!

Essential  Essential, The Smartphone company lead by Android creator Andy Rubin has opened up its online store to more countries which include Canada, France, Japan, The UK and Germany, The Essential could actually be purchased in other countries through services like Amazon but as of now, Tthe company now officially sells it through its own online store. Essential announced this move via Twitter yesterday; Starting today, we’re opening the https://t.co/5XqZeQu9cW store to orders from more countries, including Canada, France, Japan and UK. Special terms and conditions apply to these orders, so please read the information carefully: https://t.co/uZK8sLvUA5 pic.twitter.com/QXEWf8OEnE — Essential (@essential) April 27, 2018 The phones will sell at its price of $499 with customers paying in their local exchange rates. This latest step makes the Essential PH-1 which currently is distributed in the US through Amazon, Best Buy and Sprint much more available to consumers with Essen

Nintendo is giving us a new game

Image credit: Nintendo/RPG site It has been recently announced that Nintendo will now collaborate with Cygames on a mobile Role-Playing Game called 'Dragalia Lost'. This new release is coming this summer to Japan, Hong Kong, Taiwan and Macau after which follows various regions in North America and Europe. Nintendo is purchasing a 5% stake in Cygames as part of the collaboration, Cygames is well known for its extremely popular game 'Granblue Fantasy' which has grossed over 10 million downloads in Japan. This new game comes as Nintendo announced over 500% year-on-year increase in profit. Nintendo will surely impress players with this new mobile RPG whilst we wait for the release.

Snapchat outs a new version of its Spectacles

Snapchat has released a new version of its Spectacles, This is the second attempt at its smart glasses after its first attempt didn't really come off as a spectacular success even after selling 220,000 units. The new version of its Spectacles will be more comfortable to wear and comes with more features. The new smart glasses will be available through Snapchat's own Spectacles.com  instead of its previous vending machines and other online retailers, This comes in as a method of solving inventory problems the company encountered in the process of getting its first version into the hands of consumers. This new model takes both photos and videos in comparison with the first version which only made room for video capturing. The new Spectacles are also water resistant which is why as shown in the video above, Snapchat encourages its buyers to make use of the smart glasses in shallow water. Different companies have dabbled into the same of connected glasses but the mark

The OnePlus 6 is coming May 16th

OnePlus Well, it was worth the wait....The OnePlus 6 released date has been announced - May 16 ; Location : London, The launch event is termed ' The Speed you need ' this reportedly shows what we expect from the phone - Huge Speed. The launch event ticket costs $22 for a while, By 8pm on Friday the price shoots up to $42. Over one thousand tickets for the London launch event are available with the Chinese and Indian event coming up a day after on the 17th of May. The tickets to the London event can be purchased at OnePlus' website  while the tickets for the Indian event will be available at oneplus.in . OnePlus promises that its new smartphone will be bigger and better therefore the customers should expect an awesome! product.

Udacity comes in with a cyber-security program

Sebastian Thrun, Udacity co-founder Udacity, the educational start-up co-founded by self -driving vehicle pioneer Sebastian Thrun has launched a new nanodegree - guess where? This time, they're dabbling in cyber-security. According to Udacity's post , this new course involves Training the Next Generation of Cybersecurity Professionals, Addressing the Talent Gap, World-class AI and Data training and also an Invitation to the industry. Udacity Given that Udacity was involved in the training about 10,000 of just 300,000 AI engineers currently in the world today who innovate excessively and rake in huge salaries, Udacity will be very good to go on their new cyber-security program. The new nanodegree was officially launched at the RSA conference which ended 3 days ago which came with a call for partners with its new cyber-security program. This is a good time for a cyber-security program given that Udacity is one of the best (if not the best) learning platforms availab

Discord is now a Unicorn!

Discord Inc, the creator of the extremely popular chat app for gamers has grabbed an extra $50 million in funding, this time at a $1.65 Billion valuation. This new round of funding is reportedly led by Benchmark Capital, Greylock Partners, Tencent Holdings, IVP and Spark Capital. Discord had previously raised $129.3 million in total at a most recent valuation of $775 million. Discord Discord's online communication software had 90 million users at the beginning of this year, With this huge statistics Discord just joined the line of messaging tools gaining very huge valuations, Recent huge gainers include Whatsapp, Telegram and Slack. The huge rise of online multiplayer games have heavily contributed to Discord gaining its huge number of users, Notably the rapper Drake created a Discord account while live-streaming with Fortnite's awesome player Ninja to make room for better and clearer communication. The fact that Discord just launched roughly three years ago and

Boosted outs new boards

Boosted Boosted first showed up with an electric board about six years ago then a while after that which translates to now, The company has come up with a new shorter and cheaper board for its customers. The new electric boards are named the 'Boosted Mini', 'Boosted Mini S', 'Boosted Mini X' and the 'Mini X' . The Boosted Mini S comes at a price of $749 which makes it Boosted's cheapest electric board ever, the Mini X also comes at a price of $999. In addition to that, Boosted also announced new third generation versions of its boards which is the 'Boosted Plus' and 'Boosted Stealth', The new boards are available for purchase through Boosted's website except for the Plus and the Stealth which will start shipping late next month/early June. The new boards can be paid for in 12 month installments in order to ease the cost for Boosted's buyers.

Amazon increased R&D Budget by 41% year on year to nearly $23 Billion

Amazon C.E.O Jeff Bezos credit: Wademy The top five spots in the US for R&D expenditure last year was grabbed by tech companies with Amazon claiming the top spot with a huge $23 Billion R&D budget coming from the company. The top five companies spent a cool $76 Billion with Alphabet, Intel, Microsoft and Apple grabbing the remaining five spots respectively. IBM also spent $5.8 Billion on R&D last year. Facebook came ninth place with the company spending $7.8 Billion on its R&D for the year. Amazon comes first with its long term strategy of putting back nearly all of its profits into its new businesses and technologies, a strategy which was paid off very much with its cloud computing arm becoming a major profit generator along with Amazon Prime and its main online marketplace business. Microsoft also filed 2,558 patents last year with Amazon coming second place with 1,972 patent applications and 2,704 patent awards.

Apple has released a new RED iPhone 8 and 8 Plus

Today, Apple has announced a new special edition RED iPhone 8 and iPhone 8 Plus, This new edition gives customers a very beautiful form of the new generation iPhone with an awesome red and black color combo. The Product is now available to order online and will pop up in retail stores 3 days from now. Also adding to this, Apple has released a new iPhone X Leather Folio which is crafted from unique European Leather for an amazing luxurious look for the consumers. The new edition iPhone will be available in 64GB and 256GB versions coming at a retail price of $699 from Apple's website , The new iPhone X Leather Folio will also be available at the same web location. Every customer who buys the new Edition from Apple will be offered free Personal Setup online or in-store, The new phone can also be gotten through Apple's iPhone upgrade program.

Brief - World's most valuable AI startup Sensetime raises $600 Million

                                                                      Sensetime C.E.O Li Xu World's most valuable Artificial Intelligence company Sensetime has grabbed a Series C round of $600 Million at a valuation of over $4.5 billion which is a $3 Billion dollar jump from its most recent $1.5 Billion dollar valuation. Tech giant Alibaba which is now Sensetime's largest investor led the massive round of investment into the company. Qualcomm, Electronics company Suning and Singapore's Temasek Holdings also participated in this round. The worlds most valuable company plans to use this capital to expand its overseas presence and widen its industrial scope according to its C.E.O Li Xu.

Robotics company 6 River Systems grabs $25 million

6 River Systems' robot 'Chuck' credit : CNBC The e-commerce industry is booming! booming so well with so much innovation, investment and effort being put into it, 6 River Systems is a company which makes robots to speed up production in different warehouses and collaborates with humans to out more efficiency, This company right now has benefitted from this boom. 6 River Systems has announced it's grabbed a $25 million Series B round with this investment coming with the aim of helping the company expand and break into more markets, The Start-up which was founded by former Kiva (acquired by amazon) executives has now raised a total of $46.6 million with the current round being led by Menlo ventures. As of current, 6 River Systems has delivered 600 of its robots to 30 sites which have aided in the packaging of various products, medical supplies and other general warehouse jobs. Also as of recent, two other warehouse robotics companies have grabbed (maybe co-in

Ed-tech company Pluralsight files to go public

Aaron Skonnard, Pluralsight C.E.O and co-founder          photo credit : CNN Money Pluralsight, the ed-tech company which has been a unicorn for a few years now has announced it's confidentially filed for a public offering. Pluralsight, a company created 14 years ago by its current C.E.O Aaron Skonnard along with Keith Brown, Fritz Onion, and Bill Williams deals with online education offering a variety of online education courses for software developers, creative professionals and IT administrators through its website bootstrapped for 9 years before raising different rounds of investment totaling $200 million starting from 2013. Companies and small businesses pay for their employees to be trained by the company which has given it a very good source of revenue with individuals also subscribing to its services, As of its most recent report, the company had revenues of over $100 million. Pluralsight now joins its peer of tech companies going public this year, Dropbox went

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Deal: Mindbody Buys Fitness Startup ClassPass

Mindbody , a leading maker of software for managing gyms and fitness studios, is buying one of the hot startups in its industry. It's buying ClassPass , a popular subscription platform for widespread gym access and online fitness classes. Mindbody will buy Classpass for an undisclosed amount . The company, owned by private equity firm Vista, also announced a strategic $500mn investment along with its ClassPass deal. The acquisition was all with privately held shares, Mindbody said. ClassPass is a celebrated startup in the fitness space. It began as a simple website to book fitness classes with registered studios but morphed into a subscription platform for access to such studios and their fitness classes, with many users paying recurring fees as a steady revenue source.  ClassPass was valued at $1bn from a funding round last year. Given the acquisition's pricing terms weren't disclosed, we can't say for sure if it was higher or lower than the $1bn mark, but for a hint,

Tether Fined $41M For Lying About Fiat Reserves

Tether Limited , the organization behind the eponymous Tether (USDT) stablecoin, has been fined a substantial sum for lying about the fiat reserves backing its stablecoin. It was fined $41mn by the US Commodity Futures Trading Commission (CFTC). According to the CFTC's press release , Tether lied to customers that it had sufficient dollar reserves to back every issued USDT token whereas it did not for a long period of time. Over a 26-month sample period from 2016 through 2018, the CFTC said Tether only had sufficient dollar reserves for all its tokens 28% of the time, whereas it lied that it was "fully-backed" all the time. Also, the CFTC said Tether failed to disclose to customers that it had unsecured receivables and non-fiat assets in its supposed cash reserves. The organization further lied to customers that it would undergo routine, professional audits of its reserves but has failed to do any, the CFTC said. For its violations, the CFTC fined ordered Tether to pay a

Deal: Scopely Buys Sony's GSN Games For $1B

Scopely , a top-ranking mobile gaming startup, is expanding its business with a new major acquisition. It's buying GSN Games , a mobile gaming division of entertainment giant Sony, for the sum of $1bn. GSN Games makes popular social casino games such as Bingo Bash and  Solitaire TriPeaks . Social casino games are a genre where gaming studios can extract much revenue if they do it right, and GSN is one of the top contenders in the genre. Scopely will pay $1bn for GSN Games, half of it with cash and the other half with its shares, making Sony a minority shareholder in the mobile gaming company. It's said that Scopely's valuation has climbed to $5.4bn taking into account the shares it'll hand over to Sony as payment. That compares to a $3.3bn valuation when the company raised funding last year.  With GSN, Scopely is stepping up its business substantially by the way of a strategic acquisition. It's a strategy the mobile gaming startup is used to, having made 5 acqui

Microsoft CEO, Other Execs Bag Annual Pay Raises

Microsoft (NASDAQ: MSFT) has raised the annual pay package of its Chief Executive Officer, Satya Nadella , the company's latest proxy statement reveals. Nadella enjoyed a substantial pay raise along with several other Microsoft executives. For the fiscal year ended June 30, 2021, Nadella's compensation was $50mn , up 13% compared to the previous year. The lucrative pay package was split into a $2.5mn base salary, $33mn of stock awards, a $14mn cash bonus, and $110k in "other" compensation. Nadella's pay raise was in line with other Microsoft executives, including President Brad Smith and CFO Amy Hood. They each got annual pay raises in the 20% ballpark compared to 2020. The reported pay packages of Microsoft's top executives for the fiscal year is as follows; Satya Nadella (CEO) - $50mn. Amy Hood (CFO) - $23.5mn Brad Smith (President and Chief Legal Officer) - $20.5mn Jean-Philippe Courtois (Executive Vice President) - $17mn Christopher Young (Executive Vice

Deal: Instacart Pays $350M For A Smart Grocery Cart Startup

In a bid to expand, grocery delivery giant Instacart is making its biggest acquisition yet. It'll buy   Caper AI , a New York-based startup that makes smart grocery carts and cashier-less payments tech that complement them. Instacart will pay $350mn for the startup in a combination of cash and shares. Caper AI is a startup working on exciting stuff; smart shopping carts to make the grocery buying process at brick-and-mortar stores easier and faster. Its smart carts can recognize items placed in them with the help of cameras and weight sensors, then calculate their total cost without the need for barcodes as used in most grocery stores. Payment at the counter is then made quickly with Caper's own payments platform. Caper's "AI Cart". credit: Caper Also, Caper sells what's called a "Caper Counter," a checkout system for convenience stores that uses cameras and weight-based sensors instead of barcodes to sum the total cost of items. Caper Counter. cre

Apple Unveils New MacBook Pros, AirPods

Tech giant Apple has added a new set of products to its roster, including new MacBook Pro laptops and AirPods unveiled at a Tuesday online event.  Apple also unveiled new chipsets for the new MacBook Pros, the M1 Pro and M1 Max . MacBook Pros Apple unveiled two MacBook Pros, a 14-inch and 16-inch model. Both will come with the first chipsets designed by Apple specifically for a MacBook Pro, delivering high performance, expectedly.  Apple has brought back the HDMI port and SD card reader to the new MacBook Pro, in addition to three Thunderbolt 4 ports to connect peripherals. Removing the HDMI port and SD card reader in MacBooks had generated significant complaints by some Apple users, but it appears they'll be pleased again if they get the new MacBook Pros. Other shared features of the new MacBook Pros include; A 1080p front camera. MagSafe magnetic chargers. Six-speaker sound system. Fast charging - 50% charge in 30 minutes, Apple claims. Touch bar replaced by function keys. One

Deal: Australia's Aristocrat To Buy Playtech For $3.7B

The online gambling industry is hot this year, with billion-dollar deals now a frequent occurrence. The latest billion-dollar deal is Playtech , a London-listed online gambling company, selling to Aristocrat Leisure , an Australian gambling machine manufacturer. Playtech was founded in 1999 by Israeli entrepreneur Teddy Sagi . However, he sold off all his shares  in the company in 2018 and won't profit from this deal. Don't cry for him though, he made other shrewd investments that bestowed him with a net worth nearing $6bn ( Forbes estimate ). Aristocrat (ASX: ALL) has agreed to buy Playtech (LON: PTEC) in a deal worth £2.7bn ($3.7bn). The Australian firm will pay $2.9bn to buy all outstanding Playtech shares and assume $800mn of the firm's debt. It's paying 680 pence in cash per Playtech share, a 58% premium to the company's share price before the announcement. Following the announcement, Playtech's share price jerked up, expectedly. It rose 57% on Monday to

Fast Fashion E-Tailer Lulu's Files For IPO

Lulu's , an online retailer of women's apparel, is headed towards the public markets. It's filed an S-1 document for an initial public offering (IPO), showing its intent to list on the Nasdaq exchange. As expected from S-1 filings, Lulu's has provided great insights into its business, with information not publicly disclosed before. Something very noteworthy is that the online shopping boom of this year emanating from the Covid pandemic has largely favored the company. By The Numbers For its most recent fiscal quarter, the three months ended October 3, 2021, Lulu's brought in between $105mn to $106mn in revenue. Its net income for the same period was at the $3mn-$4mn mark. The estimations are because the final, audited results haven't yet been posted. For the fiscal year ended January 3, 2021, Lulu's posted $249mn in revenue and a net loss of $19mn. It shows that the company has swung from losses to profitability this year, with the net profit of between $3m

Antitrust: Facebook Fined $70M Over Giphy Takeover Probe

The UK's antitrust agency has levied a substantial fine on social media giant Facebook related to its acquisition of Giphy , the popular GIF website. It fined the company  £50.5mn ($69mn) for flouting an order requiring it to supply information related to the agency's investigation of the $400mn acquisition. The UK's  Competition and Markets Authority (CMA)  launched a  formal probe  of the Giphy deal last June. The antitrust agency challenged the deal  after probing it,  arguing that it gave Facebook an unfair advantage over rivals that also used Giphy's GIF database. It appears that Facebook failed to comply with demands from the agency's investigation and has been penalized for it. Apparently, the UK's antitrust agency required Facebook to suspend integrating its operations with Giphy's as the agency was investigating the acquisition, but Facebook had failed to indicate it did so despite multiple warnings. "This should serve as a warning to any com

Deal: Walgreens Invests $5.2B In VillageMD, Now Majority Owner

Walgreens Boots Alliance , the giant American pharmacy chain, is doubling down on its investment in one of its healthcare peers; the primary care chain VillageMD . After a previous investment last year, Walgreens is investing an additional sum in VillageMD that'll make it the primary care chain's majority owner. Walgreens has agreed to invest $5.2bn in VillageMD, upping its stake from 30% to 63%. It'll become the primary care chain's majority owner and guide it under its belt to open hundreds of primary care clinics co-located with Walgreens drugstores across the US. The investment is really strategic, giving Walgreens majority ownership in the firm that'll operate most of the primary care clinics attached to its stores. We can refer to it as "full-stack healthcare", where you visit a Walgreens-owned clinic and get prescriptions to buy drugs at a Walgreens pharmacy, though we're aware not everyone is comfortable with one company having that much cont