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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Microsoft sets its eyes on the consumer with a super app
Speaking of Bing… Microsoft (NASDAQ:MSFT) — which makes the majority of its revenue from business tools — is stepping up efforts to compete with Apple and Alphabet in the consumer game. In recent years, Microsoft has: Tried acquiring TikTok, Discord and Pinterest — and is in the middle of a major purchase of gaming company…
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Mayhem at Apple’s largest manufacturing facility as protests break out
Foxconn’s plant in Zhengzhou, China, is Apple’s largest iPhone production facility — with as many as 200,000 workers living in a domestic campus. The city has been under strict COVID restrictions since the start of November — as China flip-flops between reopening and closing. Protests erupted at the factory in recent days. How did it…
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Meta delivers trainwreck results, and big tech has a big spending problem
A “Day in the Life as a Product Manager @ Meta” TikTok video lit up Twitter this week (vid highlights: Free perks, eating and chilling — and not a lot of work). Can’t highlight the actual work in social media videos, right? Yes, but the video was released at what may be the worst possible…
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China’s slow growth is having negative impacts on its largest tech giants
China’s big tech giants are recording their lowest levels of growth, and there are too many fingers to point… What’s the big deal? China’s consumer spending has slowed as a property crisis, regulatory crackdowns, and zero-COVID policies ravage its economy. These issues led to a poor quarter for the country’s tech giants: E-commerce and cloud…
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Tinder’s parent company Match Group is struggling in the dating game
Tinder — which has a reputation for hookups — is failing to attract Gen Zs, and if it doesn’t innovate soon, it runs the risk of turning into this generation’s eHarmony. The other option for Tinder’s parent company Match Group (NASDAQ:MTCH) is to acquire the next Tinder. Does “we met on Tinder” have a bad…
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