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 Notes,
4) 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
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
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
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:
- Fintech: Payments platform Alipay's global plans funded--Ant Financial raises $14 billion in world's largest-ever single fundraising | Reuters.com: “Now, with the help of our partners, we are going to accelerate our strategy”--Ant CEO Eric Jing.
- Apple WWDC: No immediate catalysts to get to $1 trillion market cap | MarketWatch.com: iPhone news is still the biggest $AAPL mover.
- ZTE: Secretary Ross Announces $1.4 Billion ZTE Settlement; ZTE Board, Management Changes and Strictest BIS Compliance Requirements Ever | Department of Commerce | commerce.gov: Commerce Secretary Wilbur Ross says US has struck a deal with ZTE, including a $1B penalty and a US-chosen compliance team to be embedded at ZTE.
- ‘Fortnite’ more important than cryptocurrency to large companies during earnings season | MarketWatch.com: online game ‘Fortnite’ banked $296 million in April, up from $223 million in March.
- Alibaba: "In addition to growing China sales by over 40%, Alibaba's international sales skyrocketed by 233% YoY in fiscal year 2017"--SeekingAlpha.com.
- Amazon's AWS provides the U.S. Intelligence Community commercial cloud capability across all classification levels: Unclassified, Sensitive, Secret, and Top Secret--ZeroHedge.com.
- Netflix is getting crushed in India, and it's all because of Amazon and Hotstar | AndroidCentral.com: Amazon Prime Video and Hotstar, an Indian streaming service, are outcompeting Netflix in India through aggressive pricing and strong content libraries. Hotstar is an Indian digital and mobile entertainment platform launched in February 2015 by Star India. It provides streaming media and video-on-demand online.
- How North Korea’s Hackers Became Dangerously Good--WSJ.com
- AT&T: "Buy T shares only if the government successfully blocks the Time Warner deal"--SeekingAlpha.com.
- Google: "more than one-third of all mobile searches are related to location"--blog.google.
- Games & Gamers: The Videogame Industry Powers Up | WSJ.com: Next week’s annual E3 expo draws attention to the industry’s explosive growth.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
DISCLAIMER
