Cowen analyst Kevin Kopelman says comments Monday night from TripAdvisor (TRIP) Chairman Greg Maffei regarding takeover potential is a bad sign for fundamentals. Maffei noted that another owner of the TripAdvisor business could see more value in its 375M unique travel users a month and that Alibaba (BABA), Facebook (FB) and Amazon.com (AMZN) may be acquirers in the space, Kopelman tells investors in a research note. The analyst interpreted Maffei's comments as "acknowledging a lack of fundamental top line or profit metrics" from TripAdvisor in the near-term. He believes, however, that the comments will increase takeout speculation in the name. Kopelman keeps an Underperform rating on TripAdvisor with a $35 price target.

In a post to its website, Amazon staff said, "Later this year, Amazon customers in the West Valley Phoenix Metro Area can receive Prime Air drone deliveries from our Tolleson, AZ Same-Day Delivery site. Since starting drone delivery in College Station, Texas and Lockeford, California in 2022, we've delivered thousands of items to customers in less than an hour. Last year we also began delivering prescription medications in partnership with Amazon Pharmacy to customers in College Station. We've received great feedback from customers and communities as we've rolled out the service. We're now adding a new location and entering into the next stage of the program's evolution. Later this year, drone deliveries are coming to the West Valley of the Phoenix Metro Area in Arizona...As we look to the future and prioritize our resources to continue growing the program, we've also made the decision to close our delivery site in Lockeford. We'll offer all current employees opportunities at other sites, and will continue to serve customers in Lockeford with other delivery methods. We want to thank the community for all their support and feedback over the past few years. We'll continue delivering in College Station, Texas and will open further U.S. locations in 2025." Reference Link

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