1) What happens when Amazon comes for your startup
CNN.com's Jon Sarlin explains why companies panic when Amazon $AMZN enters their markets and what unexpected opportunities that can bring. CNN Business video above published Oct 5, 2018. Featured startup: Porch.com "Home Improvement Simplified."
See also: "Merchants and brands that sell on Amazon are growing increasingly worried about competing directly with Amazon"--cnbc.com.
2) Why Blue Origin Is Jeff Bezos's 'Most Important Work'
Amazon CEO Jeff Bezos said his company Blue Origin (blueorigin.com) is trying to build low-cost infrastructure that can reduce the expenses of space travel. CNBC.com video above published Oct 3, 2018.
The Week: NASDAQ Composite -3.7% | S&P 500 Index -4.1% | DJIA -4.2% --Editor's note: "tech stocks have borne the brunt of the recent sell-off" yet the tech-heavy NASDAQ Composite is up +8.6% year-to-date as of Friday's close.
S&P 500 Likely To Report Earnings Growth Above 20% For Third Straight Quarter--factset.com.
"This reset to normal Treasury volatility means equity market volatility will also move off its lows, so expect wider swings in stock prices from here on out ... this reset is not a sign “The end is nigh” for the rally in US stocks. Getting back to “Normal” volatility in stocks and bonds is actually a healthy sign."--DataTrekResearch.comWall Street's Charging Bull
Higher rates don't kill bull markets, the data says. pic.twitter.com/EnJXFNvP4z— Brian Sozzi (@BrianSozzi) October 9, 2018
Gundlach Says Trump "Crazy Like A Fox" For Blaming Fed For Market Rout--zerohedge.com.
4) ICYMI Tech News:
Amazon $AMZN vs Google $GOOG $GOOGL: "Some advertisers are moving more than half of the budget they normally spend with Google search to Amazon ads instead, amounting to hundreds of millions of dollars"--CNBC.com.
The Apple $AAPL $600 million deal to acquire critical iPhone technology, patents, and people from Anglo-German chip designer Dialog is not only unusual, but also the largest of its kind by Apple--reuters.com.
Microsoft $MSFT Clears Hurdle For US DOD $10 Billion JEDI Cloud Computing Contract as Google Drops Out--law360.com and TheHill.com.
Alphabet appeals the record $5B fine imposed by European Union antitrust regulators for Google's practices involving Android--reuters.com. See also Google shuts down Google+ after API bug exposed details for over 500,000 users--zdnet.com.
Facebook's WhatsApp builds system to comply with India's payments data storage norm--reuters.com. See also newsroom.fb.com: Facebook breach (between July 2017 and September 2018) investigation: large-scale attack on Sept. 14-27 accessed info of about 29 million people.
Twitter TWTR: Irish Data Protection Commission (DPC), has opened a GDPR investigation of Twitter (Twitter’s European operations are headquartered in Dublin, Ireland).
China: US Department of Justice announced the arrest and extradition of Yanjun Xu, high-ranking director in China's Ministry of State Security (MSS), the country's counter-intelligence and foreign intelligence agency. Xu was arrested for attempting to commit economic espionage and steal trade secrets after trying to recruit several insiders from multiple US aviation and aerospace companies--zdnet.com. See also "China reportedly is weaponizing the technology supply chain"--TheHill.com.
Saudi Arabia says it will invest $45 billion in SoftBank's planned second Vision Fund--Bloomberg.com.
Venture Capital Investment in US companies to hit $100B in 2018: "There are more than 2.5 months remaining in 2018 and already U.S. companies have raised $84.1 billion--more than all of 2017--across 6,583 VC deals as of Sept. 30, 2018"--TechCrunch.com. See also Kirsten Green, the VC behind Warby Parker, Glossier, and Jet.com has raised a new $360 million fund--FastCompany.com.