Reuters

JPMorgan Downgrades Nike Over Prolonged Turnaround

JPMorgan downgraded Nike to underweight from neutral and cut its price target to $40, citing that Nike’s “Win Now” turnaround plan under CEO Elliott Hill is taking longer than expected and will weigh on the company’s financials through 2026 into FY28. Analyst Matthew Boss said decisions made through the end of calendar-year 2026 will continue to impact Nike’s profit and loss in 2H27 and into FY28. Boss also noted headwinds in China — including an estimated $1 billion revenue headwind tied to revamping Nike’s digital marketplace there — and forward revenue pressure in North America as Nike reduces its U.S. store footprint by about 10%, with closures not fully annualized until around July 2027. Investors are looking to the company’s Investor Day in November for more detail on its multi-year plan.

Jeff Bezos Files to Sell $4.1B in Amazon Shares

Jeff Bezos filed a Form 144 to sell about 15 million Amazon shares, with an aggregate market value near $4.07–4.1 billion, under a Rule 10b5-1 trading plan adopted Nov. 14, 2025. The filing says the shares are founding stock Bezos has held since July 1994 and notes he transferred roughly 220,200 shares to nonprofit organizations in early May 2026. Amazon had hit an all-time high of $287.16 on Aug. 3, 2026, briefly pushing its market capitalization above $3 trillion; after the sale plans became public, shares fell about 2% on Aug. 4 and the company slipped below $3 trillion, with Forbes estimating Bezos lost roughly $6 billion that day. The filing indicates the sales were to be executed through Morgan Stanley.

Reddit Uses Community Conversations to Power Ad Targeting

Reddit is increasingly using community conversations and AI-driven signals to improve ad targeting, creative generation, campaign optimisation and commerce advertising. The company reported $762 million in advertising revenue in Q2 2026 (up 64% year-over-year) and total revenue of $805 million (up 61%). Reddit says active advertisers rose about 70% year-over-year and highlights multiple ad products and AI features — including Shopping Listing Ads (alpha), Tailored Creative Assets, Redditor Highlights, Max campaigns, App Event Optimization and Dual Attribution — that leverage subreddit discussions, behavioural signals and first‑party attribution. Reddit also made a Shopify integration generally available in May and reported significant improvements in conversion and CPA metrics in internal tests and beta programs.