Tech Review | Elon Musk Sticking To His Guns On Tesla Targets (video)

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Tech Review (TR 2018-06-09)--Domain Mondo's weekly review of tech news with commentary, analysis and opinion: Features • 1) Elon Musk Sticking To His Guns On Tesla Targets, 2) Digital Ad Spend Finally Passed TV Ad Spend in 2017, 3) Investing: The Week, Investing Notes4) ICYMI Tech News.

1) Elon Musk Sticking To His Guns On Tesla Targets

Financial Times (ft.com) video above published Jun 6, 2018: CEO and co-founder of Tesla (domain: tesla.com), Elon Musk, said at the Tesla annual shareholder meeting on June 5, he will be able to stick to his goal of producing 5,000 Model 3 cars a week before the end of June and be cash-flow positive by the end of 2018.


2) Digital Ad Spend Finally Passed TV Ad Spend in 2017
source: Statista.com
Worldwide digital ad spend finally beat TV in 2017, with digital ad spend reaching $209 billion worldwide while TV ad spend stood at $178 billion, according to research agency Magna Global.

Legacy media still haven't gotten over it: Why magazine mogul Tina Brown is 'angry and upset' at Google and Facebook | Recode.net“I am very angry and upset about the way advertising revenue has been essentially pirated by the Facebook-Google world, without nearly enough giveback — no giveback, really — to the people who create those brilliant pieces that are posted all over their platforms,” Brown said. “It’s high time they gave back to journalism.”

And to add salt to the wound--a Japan millennial has made a newsroom staffed by engineers.that runs on artificial intelligence. NewsDigest is one of most popular news apps in Japan--PRESS.net: "an app called “NewsDigest,” is the biggest news bulletin app in Japan, boasting over 1 million downloads. It is gaining popularity because of its ability to use AI to automatically detect and deliver news bulletins on information worth reporting ... The problem facing the news media, when stated in concrete terms, is that the dwell time of consumers on media such as newspapers and television, which make up the majority of the “news,” is being lost to other media sources. This reduces advertising and subscription revenue, which is proportional to dwell time (i.e., it is a problem of distribution channels and revenue)."

3) Investing
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The Week: NASDAQ Composite +1.2% | S&P 500 Index +1.6% | DJIA +2.8%
Dow posts best week since March, as investors shrug off G-7 tensions--MarketWatch.com June 8, 2018.
"No one can kill the cycles of business, but Trump has given us ‘extra innings’ in this one"--Sam Zell on the real estate cycle, interest rates, and immigration | MarketWatch.com.
"All fear has left markets again as markets have rallied steadily into early June. $VIX has printed an 11 handle again, tech and small caps are making new highs. Optimism is back in full swing and right here and now bulls are coming out in full swing. Notably Tony Dwyer of Canaccord Tenuity appeared on CNBC Fast Money last night and highlighted his reasons for raising his S&P target to 3,200 by the end of the year."--Bull Rebuttal | ZeroHedge.com
Wall Street's Charging Bull
graphic of Charging Bull | DomainMondo.com
Investing Notes:
Update on the Fed’s QE Unwind | WolfStreet.com 8 June 2018. Editor's note: Goodbye ZIRP, normalization underway via Mnuchin (Treasury), Powell (Fed), Trump (White House).

G7 more noise than signal?

Fraudulent Chinese Companies Pose Risk to U.S. Markets: Carson Block | Bloomberg.com: "I don’t think there’s any parallel in the history of capital markets where you’ve had this systemic issue of literally hundreds of frauds going to another country’s capital market to suck up capital and expatriate it to their home country"--Carson Block.

Bitcoin? Anybody? Lackluster interest, wallet growth is slow--DataTrekResearch.com.

US: the number of full-time jobs increased by 904k in May to 128.66 million, one of the largest monthly jumps on record--ZeroHedge.com

The person who’s best at lying to you is you--The man who coined the Dunning–Kruger effect says we're most gullible to ourselves | QZ.com: "Gullibility to oneself is not a modern phenomenon. But the effects are exacerbated in the age of social media, when false information spreads rapidly. “We’re living in a world in which we’re awash with information and misinformation,” says Dunning. “We live in a post-truth world.” ... The issue is that the current environment convinces people they’re more informed than they actually are."

4) ICYMI Tech News:
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-- John Poole, Editor, Domain Mondo  

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