The company behind Marlboro reportedly aims to bet big on Juul — a move that could make the Silicon Valley e-cig startup more valuable than Airbnb (MO)
Wednesday, 19 December 2018 · Tobacco giant Altria plans to take a 35% stake in Silicon Valley e-cig startup Juul Labs, the Wall Street Journal reported on Wednesday.
· As early as this spring, Wall Street analysts warned that Juul sales were *starting to encroach on big tobacco's financial terrain and could negatively impact Altria stocks.*
Regulators recently accused Silicon Valley e-cigarette startup Juul and its new partial parent company, tobacco giant Altria, of reneging on promises they made to curb teen use of their products. In a..
Juul will put $2 billion of its recent $12.8 billion funding round raised from tobacco giant Altria toward employee bonuses, according to a report from CNBC. With around 1,500 employees at Juul, that..
Jim Cramer breaks down what he's thinking about Altria's investment in Juul. TheStreet's Joseph Woelfel reported on the new deal. Altria Group Inc. (MO - Get Report) , the maker of Marlboro cigarettes,..