In celebration of Google’s 25th (belated) birthday, the US Department of Justice (DOJ) has given the world’s “most investigated company” the gift of the most significant monopoly trial in 25 years (coincidence). This comes after the DOJ emerged victorious 2-0 against AT&T in 1974 and Microsoft in 1998, altering the tech landscape and allowing new…
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Huawei Comes Back to Bite Apple in the Bottom
Apple’s Wonderlust event takes place tomorrow — where the iPhone 15 and new Apple watches are expected to be announced. But the event has been overshadowed by the comeback of one of Apple’s biggest competitors (and a reported ban) — which risks jeopardizing the important holiday period. Last week, it was reported that the Chinese…
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Meta Delivers The Greatest Comeback Story of 2023
And just like that, $META is back to its glory days. At its bottom last year, $META was down as much as 76%. After rising over 250% since the end of last year — the stock is now just 16% below its all-time highs. Yesterday, Meta continued its massive ascend after reporting earnings that showed…
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The Product Announcement We’ve All Been Waiting For: Apple’s VisionOS — Falls Flat On Its Face
Another week in 2023, another big tech giant breaking all-time highs. This time, we’ve got Apple (NASDAQ:AAPL) leading up to its annual Worldwide Developers Conference (WWDC). Major announcements included the 15in MacBook Air, the new macOS Sonoma and Apple’s Standby mode. The one everyone was waiting for: The much anticipated VR/AR headset — Vision Pro….
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Zuck is Willing to Pay Big for Both the Metaverse and AI
Number of times “AI” was said on Meta’s earnings call: 47. And “metaverse”: 10. Meta’s CEO, Mark Zuckerberg, has a new passion, and this one’s looking like it has more legs to stand on than the metaverse. “Year of efficiency” → “Year of recovery” Meta is up over 90% this year — still down 37%…
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Is Alphabet (Google) In Desperate Need of a Major Overhaul?
Ready to place your bets? We’ve got a good match in store today. Let’s see how our fighters stack up against the tech-heavy Nasdaq 100 index’s year-to-date gain of 10%: Alphabet at 2% vs. Meta at 47%.After their recent moves, Meta and Alphabet share many fundamental similarities: Investors expect similar growth from Meta and Alphabet…
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Two Major Trends Are Falling Short of Expectations: Podcasts and Live-Shopping
Bust No. 1: Podcasts. Spotify (NYSE:SPOT) has made big investments into podcasts, once declared as “the next big thing.” They spent nearly $1B on huge deals with Gimlet, Joe Rogan and Ringer. Nearly six years after pushing into podcasts, it still only makes up ~2% of Spotify’s revenue (2021). Spotify has laid off dozens of…
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Reddit breaks away from the social media pack, raises 2023 IPO prospects
Advertisers are finding two social media platforms taking up more and more of their screen space… lol Twitter. TikTok shouldn’t come as a shocker, but Reddit… The underdog has taken us by surprise — likely benefiting from Twitter’s problems. Per The Information, Reddit’s growing ad business should raise prospects for a 2023 IPO. Reddit is…
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Should you be worried about the Department of Justice suing Google?
Google, did it hurt? When the Department of Justice and eight other states brought down the hammer? Google: Come at us, judge. 👋 Justin Roiland. The DOJ is: Demanding that Google break up its advertising tech business for illegal monopolization of the digital ads market. Accusing them of 15 years of anticompetitive conduct, including making…
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Meta’s partnership with NBA: Next killer VR application, live sports
Metaverse and VR hype have died down, with AI taking center stage. Let’s bring 2021 back. Yesterday, Meta expanded its partnership with NBA to broadcast 52 live games in VR on Meta Quest — and it’s got some serious potential: “Court-side” experience just for $299 (the price of a 64GB Oculus Quest). Graphics aren’t there…
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