Investing
General Electric, Beyond Meat and DoorDash: Investments in the Spotlight
Bloomberg Wealth reviews assets that made a splash this week.
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It’s the end of an era. On Tuesday, General Electric Co. announced it was breaking up, spinning its health-care, energy and jet-engine units into three separate entities, ending the company’s 120 year run. Shares rose 2.7% on the news.
The final split, scheduled for over a year from now, will mark the end of the conglomerate, which has struggled in the years following the global financial crisis. The the world’s largest company 20 years ago with a market cap of over $401 billion dollars, it has since been surpassed by dozens of companies in the S&P 500.