Can I survive without tech for three days?
What is it like to fast for three days without any technology or devices? CNBC.com’s Uptin Saiidi took on the challenge, as he goes on a quest to learn more about tech addiction and the billion dollar mindfulness industry hoping to combat it. CNBC International video above published May 15, 2019.
Domain referenced: headspace.com
Tweets by Headspace
Showing posts with label tech. Show all posts
Showing posts with label tech. Show all posts
2019-06-27
Jumia $JMIA Beating Amazon $AMZN & Alibaba $BABA In Africa (video)
Why Jumia Is Beating Amazon And Alibaba In Africa
Jumia has been dubbed the "Amazon of Africa" as Africa's largest e-commerce operator, surpassing Amazon and China's Alibaba, and it's the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its new international status, and figuring out what that status means for the African continent.
Sacha Poignonnec and Jeremy Hodara, former McKinsey & Company employees, founded the company in 2012. Like Amazon and Alibaba, Jumia allows customers to buy products like cell phones, shoes, and groceries online. Jumia also offers bill paying, food delivery, and cellular data plans.
China Daily, a Chinese state-run news organization, says that Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent.
Jumia serviced 4.3 million users and 81,000 active sellers in 14 countries. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery. CNBC video above published Jun 25, 2019.
Jumia is an e-commerce platform for electronics, fashion, and more. It has partnered with more than 81,000 local African companies and individuals and is a direct competitor to Kilimall in Kenya and Konga in Nigeria. Started in 2012 in Lagos, the company currently has a presence across 12 African countries.
Jumia Technologies AG
Jumia has been dubbed the "Amazon of Africa" as Africa's largest e-commerce operator, surpassing Amazon and China's Alibaba, and it's the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its new international status, and figuring out what that status means for the African continent.
Sacha Poignonnec and Jeremy Hodara, former McKinsey & Company employees, founded the company in 2012. Like Amazon and Alibaba, Jumia allows customers to buy products like cell phones, shoes, and groceries online. Jumia also offers bill paying, food delivery, and cellular data plans.
China Daily, a Chinese state-run news organization, says that Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent.
Jumia serviced 4.3 million users and 81,000 active sellers in 14 countries. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery. CNBC video above published Jun 25, 2019.
Jumia is an e-commerce platform for electronics, fashion, and more. It has partnered with more than 81,000 local African companies and individuals and is a direct competitor to Kilimall in Kenya and Konga in Nigeria. Started in 2012 in Lagos, the company currently has a presence across 12 African countries.
Jumia Technologies AG
- Domain: jumia.com / group.jumia.com
- Founded: Nigeria
- Traded as: NYSE: JMIA
- Founders: Sacha Poignonnec, Raphael Kofi Afaedor, Tunde Kehinde
- CEO: Sacha Poignonnec (2012–), Jeremy Hodara (2012–)
- Parent organization: Rocket Internet
2019-05-29
How Corning $GLW Created Gorilla Glass And Reinvented Itself (video)
How Corning Created Gorilla Glass And Reinvented Itself
Since 1851, Corning has evolved from a light bulb manufacturer to Pyrex creator to making high-tech glass products for companies like Apple, Google, Verizon and Samsung. Here is a look at how Corning has continuously reinvented itself to keep up with the changing times. CNBC.com video above published April 25, 2019.
Domain: corning.com
NYSE: GLW:
Tweets by corninggorilla
Since 1851, Corning has evolved from a light bulb manufacturer to Pyrex creator to making high-tech glass products for companies like Apple, Google, Verizon and Samsung. Here is a look at how Corning has continuously reinvented itself to keep up with the changing times. CNBC.com video above published April 25, 2019.
Domain: corning.com
NYSE: GLW:
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| $GLW |
2019-05-22
Interview | Ruth Porat, CFO at Alphabet and Google $GOOG $GOOGL
Ruth Porat, CFO at Alphabet and Google
“You’re at the table because people want your voice. It’s easy to forget that. Don’t keep second guessing. If you have a point of view, the reason you were hired is because people want to hear it.”
Ruth Porat, CFO at Alphabet and Google, was interviewed for the final View from the Top for this academic year at the Stanford Graduate School of Business. Failing to invest for the long term could be one of tech’s greatest vulnerabilities, she said, and advised students to keep thinking about investing for the long haul.
”What I’ve seen is that if you don’t invest in the long term, you’re sowing the seeds of your own destruction.” In the video, Porat discusses her experiences while at Morgan Stanley $MS (morganstanley.com) and later, Google $GOOGL, $GOOG (google.com). Stanford Graduate School of Business video above published May 21, 2019.
NYSE: MS
NASDAQ: GOOGL
Tweets by MorganStanley
“You’re at the table because people want your voice. It’s easy to forget that. Don’t keep second guessing. If you have a point of view, the reason you were hired is because people want to hear it.”
Ruth Porat, CFO at Alphabet and Google, was interviewed for the final View from the Top for this academic year at the Stanford Graduate School of Business. Failing to invest for the long term could be one of tech’s greatest vulnerabilities, she said, and advised students to keep thinking about investing for the long haul.
”What I’ve seen is that if you don’t invest in the long term, you’re sowing the seeds of your own destruction.” In the video, Porat discusses her experiences while at Morgan Stanley $MS (morganstanley.com) and later, Google $GOOGL, $GOOG (google.com). Stanford Graduate School of Business video above published May 21, 2019.
NYSE: MS
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| $MS |
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| $GOOGL |
2019-05-06
Tech Unicorn IPOs, Uber $UBER, Month of May Preview Video
Tech Unicorn IPOs, Monthly Preview
In this preview video, The Banker's capital markets editor Kat Van Hoof talks to Joy Macknight about the appeal of big tech listings for investors, despite some major red flags. TheBanker.com video above published Apr 30, 2019.
YouTube Transcript (edited for correctness by DomainMondo.com)
00:00 [Music]
00:06 hello and welcome to the preview of the
00:09 May issue of the banker I enjoy McKnight
00:11 managing editor and I'm joined by Kat
00:14 van hoof Investment Banking and capital
00:16 markets editor this month's cover story
00:18 takes a closer look at the big tech
00:20 unicorn listings taking the market by
00:22 storm cat thanks so much for joining us
00:24 today so tell me a little bit about
00:27 what's happening we have recently lyft,
00:30 pinterest, slack have gone to the
00:33 market with their initial public
00:34 offerings and uber is also coming to
00:36 market why are they all coming to market
00:39 now well as usual it's a bit of a
00:40 confluence of different things so these
00:43 companies have been in the market have
00:45 actually been around for quite a long
00:46 time now we we use these apps every day
00:48 and they've done really large private
00:51 funding rounds so they've gotten to a
00:52 stage in the life cycle where an exit is
00:55 sort of the next logical and sometimes
00:57 only step because they're too big for
00:59 another round but there's also a little
01:00 bit of a function of the market where
01:02 things are still a bit benign monetary
01:05 policy is still very supportive but
01:07 maybe a year or two down the line things
01:09 starting to look a bit more shaky and so
01:12 if you want to do a bit more of a risky
01:14 IPO for a high-growth public offering
01:18 like this now is probably a good time to
01:21 be to be looking at this rather than a
01:23 little bit further down the line okay
01:25 but lyft was the first one to go and it
01:27 hasn't done that well in the after
01:29 markets you know what does what does
01:31 that signal for the ones coming through
01:33 so normally when you have a couple of
01:36 IPOs in the same sector and one of them
01:38 goes first and doesn't do very well it
01:40 usually puts a bit of a damper on the
01:42 rest of the listings down the line well
01:44 we in this case it wasn't quite so
01:46 straightforward lyft and do very well it
01:49 popped on the first day it listed a
01:52 little bit above its initial price range
01:53 and then popped on the first couple of
01:55 days but sort of since then hasn't been
01:57 doing very well but then Pinterest
01:58 listed a couple of weeks later and has
02:02 been doing a little bit better so
02:03 normally I would say well it's not a
02:06 good signal especially for uber which is
02:08 in the same sector it's also a right
02:10 ailing company but it's hard to tell
02:12 because sometimes they can
02:13 the case that investors just don't
02:15 really like lift but might like uber but
02:17 it or it can be a bigger signal of them
02:19 not really feeling all that confident
02:21 about this type of IPO and there are a
02:24 few questions about sort of the
02:26 sustainability of their business models
02:28 which are definitely making things a bit
02:29 harder for these IPOs well that is a big
02:31 problem isn't it because none of these
02:33 companies are really profitable and the
02:35 big sense you know what what challenges
02:38 that does that pose in investors in
02:41 these companies so the profitability is
02:43 a big thing and usually if a company has
02:47 a lot of structural growth investors are
02:49 happy to overlook a lack of
02:51 profitability but there are a lot of
02:53 questions being asked you know these
02:54 companies aren't like Google that listed
02:56 very early on in their lifecycle they
02:59 are listening as more mature companies
03:00 and still haven't quite gotten over that
03:03 profitability hurdle there's a lot of
03:05 questions being asked about the revenues
03:07 growing exponentially but also the loss
03:10 is deepening because the costs are still
03:11 very high there's a lot of money being
03:14 thrown at sales and marketing so long as
03:16 there's growth I think investors will be
03:18 happy with it but once you list that
03:20 pressure to turn that profit is going to
03:23 be definitely doubling down for these
03:26 companies so alongside a few other red
03:30 flags this is definitely one of the
03:31 major concerns
03:32 well another red flag is really around
03:34 governments you know how much is that
03:36 making an impact on how successful these
03:38 IPOs will be yeah governance is a
03:40 massive theme in investment and it's
03:43 only going to get bigger it's only you
03:44 know it's a one-way street it's not
03:46 coming back by its nature there's a lot
03:48 of key man risk you take you man because
03:50 they know there's a lot of a CEOs tend
03:52 to be men but there's a lot of key man
03:54 riskier by its nature where it's run by
03:58 a very charismatic of an entrepreneur a
04:00 set of entrepreneurs and while that is
04:03 great to get VC in a venture capital
04:05 funding private funding it might not be
04:07 sometimes have this great personality
04:09 cult it might not be the right thing for
04:11 a big listed company to have a sort of
04:13 combative or sometimes abrasive manner
04:17 and then on the other hand a lot of
04:18 these companies lyft for instance our
04:20 listing with dual class shares which
04:22 means that they they are selling shares
04:25 but not the equal amount of voting
04:27 right so the entrepreneurs retain a lot
04:29 of the control this can be helpful
04:31 because sometimes investors Cheryl
04:33 doesn't always understand the companies
04:35 as well but also it poses a great risk
04:37 in case something goes wrong
04:39 stockholders have a lot fewer tools at their
04:41 disposal to call the entrepreneurs to
04:43 account essentially excellent well thank
04:45 you so much for your insights to get a
04:47 copy of the May issue of The Banker
04:48 please go to thebanker.com.
feedback & comments via twitter @DomainMondo
In this preview video, The Banker's capital markets editor Kat Van Hoof talks to Joy Macknight about the appeal of big tech listings for investors, despite some major red flags. TheBanker.com video above published Apr 30, 2019.
Editor's note: Uber (NYSE: UBER) (uber.com) is expected to start trading this week, Thursday or Friday, May 10, 2019. With pricing in the range of $44 to $50 a share, the company is setting a valuation range of $80B to $91B vs. initial expectations for $100B or more. Uber's operating loss of $3B last year on $11.3B in revenue and negative free cash flow of $2.1B, have not deterred investors who usually cite Uber's scale and market-leading ridehailing position, its fast growing UberEats (ubereats.com), and a promising freight brokerage (uberfreight.com) business.See also on Domain Mondo:
And elsewhere:
- SEC Edgar search results for Uber Technologies, Inc.
- What Uber Left Behind in Asia--Emerging markets outshine the U.S. in ride-hailing, as the burgeoning success of Go-Jek and Grab shows--bloomberg.com.
- Lyft First Quarter (Q1) 2019 Earnings LIVE Webcast, Tuesday, May 7, 2019, 5pm EDT
YouTube Transcript (edited for correctness by DomainMondo.com)
00:00 [Music]
00:06 hello and welcome to the preview of the
00:09 May issue of the banker I enjoy McKnight
00:11 managing editor and I'm joined by Kat
00:14 van hoof Investment Banking and capital
00:16 markets editor this month's cover story
00:18 takes a closer look at the big tech
00:20 unicorn listings taking the market by
00:22 storm cat thanks so much for joining us
00:24 today so tell me a little bit about
00:27 what's happening we have recently lyft,
00:30 pinterest, slack have gone to the
00:33 market with their initial public
00:34 offerings and uber is also coming to
00:36 market why are they all coming to market
00:39 now well as usual it's a bit of a
00:40 confluence of different things so these
00:43 companies have been in the market have
00:45 actually been around for quite a long
00:46 time now we we use these apps every day
00:48 and they've done really large private
00:51 funding rounds so they've gotten to a
00:52 stage in the life cycle where an exit is
00:55 sort of the next logical and sometimes
00:57 only step because they're too big for
00:59 another round but there's also a little
01:00 bit of a function of the market where
01:02 things are still a bit benign monetary
01:05 policy is still very supportive but
01:07 maybe a year or two down the line things
01:09 starting to look a bit more shaky and so
01:12 if you want to do a bit more of a risky
01:14 IPO for a high-growth public offering
01:18 like this now is probably a good time to
01:21 be to be looking at this rather than a
01:23 little bit further down the line okay
01:25 but lyft was the first one to go and it
01:27 hasn't done that well in the after
01:29 markets you know what does what does
01:31 that signal for the ones coming through
01:33 so normally when you have a couple of
01:36 IPOs in the same sector and one of them
01:38 goes first and doesn't do very well it
01:40 usually puts a bit of a damper on the
01:42 rest of the listings down the line well
01:44 we in this case it wasn't quite so
01:46 straightforward lyft and do very well it
01:49 popped on the first day it listed a
01:52 little bit above its initial price range
01:53 and then popped on the first couple of
01:55 days but sort of since then hasn't been
01:57 doing very well but then Pinterest
01:58 listed a couple of weeks later and has
02:02 been doing a little bit better so
02:03 normally I would say well it's not a
02:06 good signal especially for uber which is
02:08 in the same sector it's also a right
02:10 ailing company but it's hard to tell
02:12 because sometimes they can
02:13 the case that investors just don't
02:15 really like lift but might like uber but
02:17 it or it can be a bigger signal of them
02:19 not really feeling all that confident
02:21 about this type of IPO and there are a
02:24 few questions about sort of the
02:26 sustainability of their business models
02:28 which are definitely making things a bit
02:29 harder for these IPOs well that is a big
02:31 problem isn't it because none of these
02:33 companies are really profitable and the
02:35 big sense you know what what challenges
02:38 that does that pose in investors in
02:41 these companies so the profitability is
02:43 a big thing and usually if a company has
02:47 a lot of structural growth investors are
02:49 happy to overlook a lack of
02:51 profitability but there are a lot of
02:53 questions being asked you know these
02:54 companies aren't like Google that listed
02:56 very early on in their lifecycle they
02:59 are listening as more mature companies
03:00 and still haven't quite gotten over that
03:03 profitability hurdle there's a lot of
03:05 questions being asked about the revenues
03:07 growing exponentially but also the loss
03:10 is deepening because the costs are still
03:11 very high there's a lot of money being
03:14 thrown at sales and marketing so long as
03:16 there's growth I think investors will be
03:18 happy with it but once you list that
03:20 pressure to turn that profit is going to
03:23 be definitely doubling down for these
03:26 companies so alongside a few other red
03:30 flags this is definitely one of the
03:31 major concerns
03:32 well another red flag is really around
03:34 governments you know how much is that
03:36 making an impact on how successful these
03:38 IPOs will be yeah governance is a
03:40 massive theme in investment and it's
03:43 only going to get bigger it's only you
03:44 know it's a one-way street it's not
03:46 coming back by its nature there's a lot
03:48 of key man risk you take you man because
03:50 they know there's a lot of a CEOs tend
03:52 to be men but there's a lot of key man
03:54 riskier by its nature where it's run by
03:58 a very charismatic of an entrepreneur a
04:00 set of entrepreneurs and while that is
04:03 great to get VC in a venture capital
04:05 funding private funding it might not be
04:07 sometimes have this great personality
04:09 cult it might not be the right thing for
04:11 a big listed company to have a sort of
04:13 combative or sometimes abrasive manner
04:17 and then on the other hand a lot of
04:18 these companies lyft for instance our
04:20 listing with dual class shares which
04:22 means that they they are selling shares
04:25 but not the equal amount of voting
04:27 right so the entrepreneurs retain a lot
04:29 of the control this can be helpful
04:31 because sometimes investors Cheryl
04:33 doesn't always understand the companies
04:35 as well but also it poses a great risk
04:37 in case something goes wrong
04:39 stockholders have a lot fewer tools at their
04:41 disposal to call the entrepreneurs to
04:43 account essentially excellent well thank
04:45 you so much for your insights to get a
04:47 copy of the May issue of The Banker
04:48 please go to thebanker.com.
feedback & comments via twitter @DomainMondo
2019-03-26
Retailers Tracking Customers' Movements, Future of Retail? (video)
Stores are starting to track your every move
Location-based apps are helping retailers track movement of its customers. CNBC's Uptin Saiidi explores how the future of retail is being shaped in China. CNBC International video above published on Mar 7, 2019.
Tracking takes place through apps for which users have enabled location services (e.g., weather, mapping, or ride-sharing apps). Seven apps have location tracking enabled on an average smartphone in China, according to Cosmose.
Cosmose, a retail tech start-up, connects anonymous movements of more than 1 billion smartphones in Asia to retailers like L’Oreal, Burberry and Budweiser.
Domain: cosmose.co
Tweets by Cosmose_
Location-based apps are helping retailers track movement of its customers. CNBC's Uptin Saiidi explores how the future of retail is being shaped in China. CNBC International video above published on Mar 7, 2019.
Tracking takes place through apps for which users have enabled location services (e.g., weather, mapping, or ride-sharing apps). Seven apps have location tracking enabled on an average smartphone in China, according to Cosmose.
Cosmose, a retail tech start-up, connects anonymous movements of more than 1 billion smartphones in Asia to retailers like L’Oreal, Burberry and Budweiser.
Domain: cosmose.co
Tweets by Cosmose_
2019-01-28
Codam Is A New Way To Train Tech Professionals (video)
Codam: a new way to train much-needed tech professionals
No teachers. No fees, and no qualifications needed. Codam is an unorthodox coding college designed to address educational inequality, and a shortage of tech professionals. The FT’s Harriet Agnew goes to Amsterdam to meet Codam’s founder and funder, one of the brains behind TomTom, Corinne Vigreux, and discover a new way of learning. Financial Times (ft.com) video above published Jan 15, 2019.
Domain: codam.nl
Tweets by CodamCollege
No teachers. No fees, and no qualifications needed. Codam is an unorthodox coding college designed to address educational inequality, and a shortage of tech professionals. The FT’s Harriet Agnew goes to Amsterdam to meet Codam’s founder and funder, one of the brains behind TomTom, Corinne Vigreux, and discover a new way of learning. Financial Times (ft.com) video above published Jan 15, 2019.
Domain: codam.nl
Tweets by CodamCollege
2019-01-18
The Declining Fortunes of China’s Tech Giants Tencent & Alibaba $BABA
The Declining Fortunes of China’s Tech Giants Tencent & Alibaba $BABA
After years of stellar growth, 2018 saw Tencent and Alibaba $BABA cut back down to size. The FT explains what's behind their fall. Financial Times (ft.com) video above published Jan 15, 2019.
Tencent Holdings Ltd
Alibaba Group Holding Ltd
Chinese exports - looking behind the numbers
The FT's Asia news editor Joe Leahy looks at whether the fall in Chinese exports is down to the trade war with the US or a broader economic slowdown. Financial Times (ft.com) video above published Jan 14, 2019.
Tweets by ftchina
After years of stellar growth, 2018 saw Tencent and Alibaba $BABA cut back down to size. The FT explains what's behind their fall. Financial Times (ft.com) video above published Jan 15, 2019.
Tencent Holdings Ltd
 |
| OTCMKTS: TCTZF |
 |
| $BABA |
The FT's Asia news editor Joe Leahy looks at whether the fall in Chinese exports is down to the trade war with the US or a broader economic slowdown. Financial Times (ft.com) video above published Jan 14, 2019.
Tweets by ftchina
2019-01-11
Expect Tech To Face a 'Tough Time' in 2019 Says Mark Mobius (video)
Expect tech to face a 'tough time' in 2019: Mark Mobius
Mark Mobius of Mobius Capital Partners (domain: mobiuscapitalpartners.com) also says good news will likely emerge on the U.S.-China trade front, though it's "going to take time." CNBC International TV video above published Jan 8, 2019.
Mark Mobius of Mobius Capital Partners (domain: mobiuscapitalpartners.com) also says good news will likely emerge on the U.S.-China trade front, though it's "going to take time." CNBC International TV video above published Jan 8, 2019.
Tweets by MarkMobiusRealIndia is one of @MarkMobiusReal top investment picks for 2019, but he’s “very much” concerned that Prime Minister Narendra Modi’s economic reform may take a back seat ahead of the general election. @CNBChttps://t.co/kVKoYkyZPm— Mobius Capital Partners (@MobiusCap) January 8, 2019
2018-12-17
Technology & Innovation: What's Next in Consumer Startups?
Technology & Innovation: What's Next in Consumer Startups?
a16z.com video above published Dec 8, 2018, by Andrew Chen, Andreessen Horowitz venture capital firm:
a16z.com video above published Dec 8, 2018, by Andrew Chen, Andreessen Horowitz venture capital firm:
"If you look at consumer adoption curves of major new technologies in the U.S. over the past 100 years, you'll see interesting patterns in both growth and behavior change. Some took longer, some came faster (especially lately, as we reach new heights of software eating the world) -- but one thing is for sure: Technology changes, but people stay the same.
"Even if in some cases new technology requires people to learn new behaviors, the underlying motivations behind those behaviors are the same... not just across people and places, but across history and time. So what does this mean for the next wave of consumer startups?
"As new tech platforms -- such as video, mapping APIs, mobile AR, and more -- hit scale, a the next big wave of consumer products and startups are coming into the ecosystem. But finding and nurturing these startups requires a special combination of understanding the fundamental platform shift; underlying consumer motivations/needs; and key growth insights that enable them to breakout from the fray. Whether they're old "growth hacks" reinvented for the modern era -- from reviews to coupons to chain letters to viral sharing -- or new behaviors only now possible in an offline-to-online world (note the inversion!), such as visible offline experiences that drive further growth online -- the more things change, the more they stay the same."Auto-generated transcript:
👇Thread.— Andrew Chen (@andrewchen) November 1, 2018
Published a new essay: The red flags and magic numbers that investors look for in your startup’s metrics – 80 slide deck included! pic.twitter.com/w6HRD4o22f
An international team of almost 200 psychologists has been trying to repeat a set of previously published experiments from its field, to see if it can get the same results. Despite its best efforts, the project has only succeeded in 14 out of 28 cases. https://t.co/TZuHJYt2Af— Andrew Chen (@andrewchen) December 2, 2018
2018-12-10
Hotel Industry Beware Disruptors Google and Airbnb (video)
Disrupting the Disruptors
L2inc.com video above published Dec 6, 2018: Hotels should fear Google (google.com) and Airbnb (airbnb.com) the way retailers fear Amazon (amazon.com) says Scott Galloway.
Transcript (auto-generated)
00:00 a loser the hotel industry today we're
00:04 gonna look at one of my favorite
00:06 industries no joke I love hotels I
00:08 traveled to hotels not to cities and
00:11 some would describe me as
00:12 high-maintenance I don't think that's
00:14 true my needs are pretty simple all I
00:15 want is a quiet corner suite on the
00:17 second floor two fire exits triple wash
00:19 hypoallergenic sheets no connecting
00:22 doors with prayer rugs facing the
00:24 nearest Chipotle of course a view of the
00:25 sunset over the Sistine Chapel seven boxes
00:28 of starch saran wrap and a babysitter
00:30 from my therapy monkey here we go loser
00:34 Marriott the world's biggest hotel
00:37 company revealed last week hackers stole
00:39 personal data from over 500 million
00:43 that's right 500 million guests Marriott
00:45 has half a billion guests making it one
00:48 of the largest hacks of a corporation
00:51 following Yahoo's premier hack in 2013
00:54 the news hit Marriott stock heart though
00:57 analysts say it shouldn't impact
00:58 financials for the long-term Marriott
01:01 announced it was their Starwood guest
01:03 reservation database that was hacked and
01:06 that hackers had access since 2014 the
01:10 hotel giant acquired Starwood back in
01:12 2016 one of the key selling points of
01:15 Starwood to Marriott our technology and
01:18 our brands oops this is what's called an
01:21 indemnity reserve account when you
01:23 acquire a company and force them to take
01:25 a certain percentage sometimes between
01:26 10 and 18 percent of the consideration
01:29 put it aside in case goes down
01:32 that's a function of things that weren't
01:34 disclosed before the acquisition there's
01:36 going to be a lot of discussion about
01:37 that indemnity account over the next few
01:40 weeks at Marriott so what else could
01:42 keep hoteliers up at night
01:44 simple Airbnb which in my opinion is the
01:47 most valuable private company in the
01:48 world right now
01:49 we just don't know it yet it's grown
01:51 from being an elephant in the room to a
01:53 clear and present danger
01:55 Airbnb site gets over 40 million monthly
01:57 unique visitors more than hotel Giants
01:59 Marriott and Hilton combined and the app
02:02 is the fourth most popular travel app on
02:04 iTunes trailing only Uber Lyft and Yelp
02:08 leaving hotel apps in the dust this year
02:12 Airbnb has launched two a dish
02:14 channel offensive moves to fortify their
02:15 moat one Airbnb Plus which tags their
02:19 best properties and adds hotel like
02:21 amenities and check-ins putting luxury
02:23 hotels squarely in their crosshairs and
02:26 to Airbnb experiences which has over
02:29 5,000 activities that can be booked on
02:31 the app and the new feature is a good
02:33 move from both a usage and search
02:35 perspective Gartner L2 Research found
02:38 that 50% of Airbnb x' unbranded search
02:41 traffic comes from things to do in New
02:43 York City or things to do in Los Angeles
02:45 or whatever city you're traveling to the
02:48 visibility enables Airbnb to compete for
02:50 traffic usually owned by TripAdvisor and
02:52 news media like CNN Traveler and
02:54 Thrillist don't we love it the disruptor
02:56 is not only disrupting traditional
02:58 industry but disrupting the disruptors
03:00 specifically TripAdvisor Airbnb is
03:02 currently valued at thirty 1 billion
03:04 dollars second only to Uber and is
03:07 expected to pursue an IPO in 2019 look
03:10 for Airbnb to be worth more than uber
03:12 why you and I could start a ride hailing
03:15 app with 30 million dollars creating
03:17 supply and demand in one city however
03:19 Airbnb takes advantage of an
03:21 unbelievable mode and that is they have
03:23 global demand we could not start an
03:25 apartment or an outsourced hotel app
03:28 with local supply because we would need
03:31 to create global demand is the majority
03:33 of the people coming into the city are
03:34 from somewhere else the other threats of
03:36 hotels Google Hotels should fear the
03:39 search engine the way retailers fear
03:41 Amazon their first Advantage search
03:43 ownership after years of serving up text
03:46 ads where Hotel searches Google is now
03:48 leveraging search results to drive
03:49 traffic to their own booking experience
03:52 where they again profit from Google
03:55 hotel ads Gartner L2 Research found
03:57 that the Google hotels tool appears 99%
04:01 of the time for search terms including
04:02 Best Hotel in Chicago and luxury hotel
04:05 in Paris in sum Google and all the
04:07 other tech monopolies have a very simple
04:09 playbook hey we can help you hey we are
04:12 you hey we're here to kill you
04:14 Google's second advantage data Google
04:16 sits on massive amounts of user data
04:18 enabling it to pump out free tools that
04:21 help travelers take advantage of travel
04:23 deals this will continue to draw users
04:24 to their platform over online travel
04:27 agencies
04:28 search platforms and hotel brand sites
04:30 hotels beware Google and Airbnb the
04:34 Genghis Khan of your industry look for
04:36 the hotel industry to shed value to
04:39 search engines and to Airbnb we are on
04:42 the precipice of war against a hotel
04:44 industry ...
L2inc.com video above published Dec 6, 2018: Hotels should fear Google (google.com) and Airbnb (airbnb.com) the way retailers fear Amazon (amazon.com) says Scott Galloway.
Transcript (auto-generated)
00:00 a loser the hotel industry today we're
00:04 gonna look at one of my favorite
00:06 industries no joke I love hotels I
00:08 traveled to hotels not to cities and
00:11 some would describe me as
00:12 high-maintenance I don't think that's
00:14 true my needs are pretty simple all I
00:15 want is a quiet corner suite on the
00:17 second floor two fire exits triple wash
00:19 hypoallergenic sheets no connecting
00:22 doors with prayer rugs facing the
00:24 nearest Chipotle of course a view of the
00:25 sunset over the Sistine Chapel seven boxes
00:28 of starch saran wrap and a babysitter
00:30 from my therapy monkey here we go loser
00:34 Marriott the world's biggest hotel
00:37 company revealed last week hackers stole
00:39 personal data from over 500 million
00:43 that's right 500 million guests Marriott
00:45 has half a billion guests making it one
00:48 of the largest hacks of a corporation
00:51 following Yahoo's premier hack in 2013
00:54 the news hit Marriott stock heart though
00:57 analysts say it shouldn't impact
00:58 financials for the long-term Marriott
01:01 announced it was their Starwood guest
01:03 reservation database that was hacked and
01:06 that hackers had access since 2014 the
01:10 hotel giant acquired Starwood back in
01:12 2016 one of the key selling points of
01:15 Starwood to Marriott our technology and
01:18 our brands oops this is what's called an
01:21 indemnity reserve account when you
01:23 acquire a company and force them to take
01:25 a certain percentage sometimes between
01:26 10 and 18 percent of the consideration
01:29 put it aside in case goes down
01:32 that's a function of things that weren't
01:34 disclosed before the acquisition there's
01:36 going to be a lot of discussion about
01:37 that indemnity account over the next few
01:40 weeks at Marriott so what else could
01:42 keep hoteliers up at night
01:44 simple Airbnb which in my opinion is the
01:47 most valuable private company in the
01:48 world right now
01:49 we just don't know it yet it's grown
01:51 from being an elephant in the room to a
01:53 clear and present danger
01:55 Airbnb site gets over 40 million monthly
01:57 unique visitors more than hotel Giants
01:59 Marriott and Hilton combined and the app
02:02 is the fourth most popular travel app on
02:04 iTunes trailing only Uber Lyft and Yelp
02:08 leaving hotel apps in the dust this year
02:12 Airbnb has launched two a dish
02:14 channel offensive moves to fortify their
02:15 moat one Airbnb Plus which tags their
02:19 best properties and adds hotel like
02:21 amenities and check-ins putting luxury
02:23 hotels squarely in their crosshairs and
02:26 to Airbnb experiences which has over
02:29 5,000 activities that can be booked on
02:31 the app and the new feature is a good
02:33 move from both a usage and search
02:35 perspective Gartner L2 Research found
02:38 that 50% of Airbnb x' unbranded search
02:41 traffic comes from things to do in New
02:43 York City or things to do in Los Angeles
02:45 or whatever city you're traveling to the
02:48 visibility enables Airbnb to compete for
02:50 traffic usually owned by TripAdvisor and
02:52 news media like CNN Traveler and
02:54 Thrillist don't we love it the disruptor
02:56 is not only disrupting traditional
02:58 industry but disrupting the disruptors
03:00 specifically TripAdvisor Airbnb is
03:02 currently valued at thirty 1 billion
03:04 dollars second only to Uber and is
03:07 expected to pursue an IPO in 2019 look
03:10 for Airbnb to be worth more than uber
03:12 why you and I could start a ride hailing
03:15 app with 30 million dollars creating
03:17 supply and demand in one city however
03:19 Airbnb takes advantage of an
03:21 unbelievable mode and that is they have
03:23 global demand we could not start an
03:25 apartment or an outsourced hotel app
03:28 with local supply because we would need
03:31 to create global demand is the majority
03:33 of the people coming into the city are
03:34 from somewhere else the other threats of
03:36 hotels Google Hotels should fear the
03:39 search engine the way retailers fear
03:41 Amazon their first Advantage search
03:43 ownership after years of serving up text
03:46 ads where Hotel searches Google is now
03:48 leveraging search results to drive
03:49 traffic to their own booking experience
03:52 where they again profit from Google
03:55 hotel ads Gartner L2 Research found
03:57 that the Google hotels tool appears 99%
04:01 of the time for search terms including
04:02 Best Hotel in Chicago and luxury hotel
04:05 in Paris in sum Google and all the
04:07 other tech monopolies have a very simple
04:09 playbook hey we can help you hey we are
04:12 you hey we're here to kill you
04:14 Google's second advantage data Google
04:16 sits on massive amounts of user data
04:18 enabling it to pump out free tools that
04:21 help travelers take advantage of travel
04:23 deals this will continue to draw users
04:24 to their platform over online travel
04:27 agencies
04:28 search platforms and hotel brand sites
04:30 hotels beware Google and Airbnb the
04:34 Genghis Khan of your industry look for
04:36 the hotel industry to shed value to
04:39 search engines and to Airbnb we are on
04:42 the precipice of war against a hotel
04:44 industry ...
2018-12-03
The 2018 Fortune Investors Roundtable (video)
The 2018 Fortune Investors Roundtable (video)
Analysts preview what the market will bring in 2019. Fortune.com video above published Nov 19, 2018.
Analysts preview what the market will bring in 2019. Fortune.com video above published Nov 19, 2018.
The 5 best tech stocks to buy for 2019 – when Facebook and Google are cheaphttps://t.co/wY8WrK36Dy— FORTUNE (@FortuneMagazine) November 23, 2018
Warren Buffett used to to avoid tech stocks like the plague. Now Apple is his biggest holding. Here’s what changed: https://t.co/erWtdOWhgP— FORTUNE (@FortuneMagazine) November 23, 2018
Meet the CEO of the insurance company growing faster than Apple https://t.co/39Ap9FclIo— FORTUNE (@FortuneMagazine) November 23, 2018
Google’s $1 billion Bay Area buy is the second biggest U.S. real estate deal of 2018. Who’s No. 1? Also Google https://t.co/J0kn7QUcdZ— FORTUNE (@FortuneMagazine) December 2, 2018
Why Salesforce’s chief scientist shut down an AI project that identifies human emotions https://t.co/JjUKB5PubR— FORTUNE (@FortuneMagazine) December 2, 2018
2018-12-01
Tech Review: 1) China's Tech Megacity, 2) Music Industry Renaissance
1) China's Tech Megacity
Shenzhen, China, has been dubbed the Silicon Valley of hardware. If you own a smartphone or computer, odds are parts of it came from here. In 30-years the city has grown from a town into a megacity of over 12 million people. Welcome to Shenzhen, the manifestation of China’s economic miracle. Bloomberg.com video published Nov 21, 2018.
The other side of the China story:
China’s factories lost more momentum in November, according to a key monthly survey of manufacturing firms, with domestic demand again looking bleak despite a recent boost in infrastructure spending.https://t.co/DM8wxS3Ycf— ChinaEconomicReview (@chinaeconreview) November 30, 2018
2) Music Industry Renaissance
Today’s renaissance in the music industry, driven in large part by the continued success of paid streaming services, is leading to a surge in transaction activity across sectors, explains Aaron Siegel of Goldman Sachs Investment Banking. “Investors have caught on to the growth and recovery and the value of these businesses,” explains Siegel, who attributes the pickup in transaction activity to four factors, such as paid streaming subscription services, an uptick in smart speaker devices and the opening up of new markets, such as China and India. “China today represents a low single-digit percentage of global music revenues, but represents 20 to 30 percent of global film box office and global video game revenues,” Siegel says. “There is enormous upside for the music industry as China continues to grow.” GoldmanSachs.com video above published Nov 12, 2018. Read more here.
3) Investing
U.S. stocks surge on Friday amid G-20 talks and cement best week for S&P 500, NASDAQ in about 7 years--marketwatch.comWall Street's Charging Bull
US & China: all eyes on Buenos Aires as high-stakes summit between Xi Jinping and Donald Trump could have as many as six aides each joining them at the December 1 dinner after the G20 forum--scmp.com. Trump is surprisingly popular in China--reuters.com.
China cross-border e-commerce shrunk by 16.2% in Q3 2018--chinainternetwatch.com. Also China’s state-owned companies are run for-party, not for-profit--ft.com.
EU & Italy: European Commission Begins Budget Battle With Italy--forbes.com. Meanwhile the eurozone recovery continues to falter--ft.com. Eurozone's Days are Numbered--Mike Ingram, chief market strategist at WH Ireland is calling time on the eurozone, saying it is fundamentally “dead” (although it could take decades to disband)--morningstar.co.uk.
Bitcoin Plunges to $3,738; Whole Crypto Scam Melts Down, Hedge Funds Stuck ... $714 billion gone up in smoke--WolfStreet.com.
Virtual currencies have been in a steep downtrend since the beginning of 2018, amid increased regulatory scrutiny and thefts at crypto exchanges. Chief economic adviser at Allianz, Mohamad El-Erian: cryptocurrencies are commodities, not currencies, “They don’t have the intrinsic attributes of a currency. It is not going to replace money.” Though there are now more than 2,000 different cryptocurrencies in circulation, the total value of all coins has crashed--reuters.com.
4) ICYMI Tech News:
Amazon AWS introduces its own custom-designed Arm server processor, AWS Graviton Processor, claims 45% lower costs for some workloads--Geekwire.com. A summary of AWS launches, previews, and pre-announcements from AWS re:Invent 2018--aws.amazon.com.
Disney $DIS and Google $GOOG $GOOGL expand strategic relationship: Disney will bring its entire global digital video and display business onto the Google Ad Manager, which will serve as its core ad technology platform--blog.google.
Microsoft $MSFT stock market value, a/k/a market capitalization, "catches up" with Apple $AAPL.
Nvidia $NVDA to provide AI platform for Chinese EV start-ups--reuters.com.
GM: The bottom line is Mary Barra is preparing GM for not only Tesla, but BMW and Mercedes and Uber … She’s doubling-down on electrics and driverless to win in the future, to EXIST in the future.--Lefsetz.com.
Personal Tech: Live on campus or in a city where there is plenty of free wi-fi for internet, texting & voice via apps? You may only need a wireless carrier plan of 30 minutes of talk, 30 texts, or any combination of minutes and texts that add up to 30, for only $3/month. Additional minutes and texts are only $0.10/each. Pay only for what you use (add 4G LTE data when needed, per day or week)--prepaid.t-mobile.com. Editor's note: just remember to turn off your smartphone's cellular network connection when not needed.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER
Disney $DIS and Google $GOOG $GOOGL expand strategic relationship: Disney will bring its entire global digital video and display business onto the Google Ad Manager, which will serve as its core ad technology platform--blog.google.
Microsoft $MSFT stock market value, a/k/a market capitalization, "catches up" with Apple $AAPL.
Nvidia $NVDA to provide AI platform for Chinese EV start-ups--reuters.com.
GM: The bottom line is Mary Barra is preparing GM for not only Tesla, but BMW and Mercedes and Uber … She’s doubling-down on electrics and driverless to win in the future, to EXIST in the future.--Lefsetz.com.
Personal Tech: Live on campus or in a city where there is plenty of free wi-fi for internet, texting & voice via apps? You may only need a wireless carrier plan of 30 minutes of talk, 30 texts, or any combination of minutes and texts that add up to 30, for only $3/month. Additional minutes and texts are only $0.10/each. Pay only for what you use (add 4G LTE data when needed, per day or week)--prepaid.t-mobile.com. Editor's note: just remember to turn off your smartphone's cellular network connection when not needed.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER
2018-11-30
Digital Winner Microsoft $MSFT, Digital Loser Facebook $FB? (video)
2018's Most Spineless Board
L2inc.com video above published Nov 29, 2018--Scott Galloway's digital winners and losers--it's time for Facebook's Board of Directors to stand on their feet.
00:04 Microsoft dethroned Apple even if just
00:07 for a minute as the most valuable firm
00:10 in the US boasting a market
00:11 capitalization north of 800 billion
00:15 dollars to be fair it's not that
00:16 Microsoft passed Apple but that Apple
00:19 fell below Microsoft shedding a quarter
00:21 of a trillion dollars in value as
00:23 analysts wonder if we've reached peak
00:25 iPhone what explains Microsoft success
00:28 or more specifically their staying power
00:31 two things first
00:32 diversity Microsoft maintains a diverse
00:35 revenue stream from software hardware
00:36 and cloud services meanwhile Alphabet
00:40 and Facebook are mostly ad dependent
00:42 Apple is a hardware firm and Amazon
00:44 relies mostly on product sales to
00:47 recurring revenue successful
00:49 organizations have convinced customers
00:51 to enter into a monogamous relationship
00:53 via recurring revenue streams think
00:57 Netflix Spotify and Amazon run what
01:00 Amazon Prime has done with the consumer
01:02 market Microsoft has done with the
01:04 business market visa vie their office
01:06 offering it's much easier to plan a
01:08 business against recurring revenue and
01:10 the market loves it a Loser the Facebook
01:14 Board of Directors our 2018 award for
01:17 most spineless and damaging Board of
01:19 Directors what is the role of a Board of
01:21 Directors care and duty specifically
01:24 serve as fiduciaries for stake holders
01:26 that includes teens that includes the
01:29 Commonwealth and of course shareholders
01:31 who have seen the value of their shares
01:33 shed a third of their value because of
01:36 irresponsible reckless negligent
01:39 behavior on the part of the CEO and the
01:42 CEO oh so at the end of the day what is
01:44 a board supposed to do they decide if
01:46 and when the company gets sold and to
01:48 hire and fire the CEO what has the board
01:51 done here nothing what should they do
01:54 first they should fire Sheryl Sandberg
01:57 the problem with a two-class shareholder
01:59 structure and the reason the SEC should
02:02 revisit the concept of banning all to
02:05 class companies or perhaps making it
02:08 such that when a company punched through
02:10 a hundred billion in market cap it
02:11 reverts to one class of stock
02:13 it has a ripple effect of unintended
02:16 consequences in the unintended
02:17 consequence here is that their COO that
02:20 should have been fired a year ago is
02:22 still here because quite frankly the
02:24 board does not want to be the board that
02:26 fires the woman in a sea of men in big
02:29 tech and that's a legitimate excuse
02:31 however she has made a billion dollars
02:35 and she will move on and do just fine
02:37 every day executives are fired for a
02:39 fraction of the infractions of Miss
02:42 Sandberg and the Zuck at the end of the
02:45 day the person ultimately responsible
02:47 for all of this reckless behavior that
02:49 this company is Mark Zuckerberg and he
02:52 should be removed from the CEO role he
02:55 should likely maintain his chairmanship
02:56 his DNA and programming genius is key to
03:00 retention of the value of this firm he
03:02 deserves to stick around he owned 16% of
03:05 the company however he can be fired and
03:08 this is how he could fight back he
03:11 controls 60% of the voting shares so if
03:13 he is removed from the CEO role it is
03:15 technically feasible that the next day
03:17 he removes the entire board what would
03:20 actually happen play this out the day
03:23 after he is removed from the CEO role he
03:26 fires his entire board that would be
03:29 utter chaos a five-car alarm alerting
03:33 legislators shareholder rights lawsuits
03:36 and governments globally we have to ask
03:38 would in fact the Zuck burn his castle to
03:42 save it the board should not be asking
03:44 this the board should be asking what is
03:47 the right thing to do as Emiliano Zapata
03:49 famously said it is better to die on
03:52 your feet than to live on your knees it
03:54 is time for the Board of Directors at
03:56 Facebook to stand on their feet ....
L2inc.com video above published Nov 29, 2018--Scott Galloway's digital winners and losers--it's time for Facebook's Board of Directors to stand on their feet.
 |
| $MSFT |
 |
| $FB |
 |
| $AAPL |
 |
| $AMZN |
Auto-generated transcript:
00:00 A Winner: Microsoft earlier this week00:04 Microsoft dethroned Apple even if just
00:07 for a minute as the most valuable firm
00:10 in the US boasting a market
00:11 capitalization north of 800 billion
00:15 dollars to be fair it's not that
00:16 Microsoft passed Apple but that Apple
00:19 fell below Microsoft shedding a quarter
00:21 of a trillion dollars in value as
00:23 analysts wonder if we've reached peak
00:25 iPhone what explains Microsoft success
00:28 or more specifically their staying power
00:31 two things first
00:32 diversity Microsoft maintains a diverse
00:35 revenue stream from software hardware
00:36 and cloud services meanwhile Alphabet
00:40 and Facebook are mostly ad dependent
00:42 Apple is a hardware firm and Amazon
00:44 relies mostly on product sales to
00:47 recurring revenue successful
00:49 organizations have convinced customers
00:51 to enter into a monogamous relationship
00:53 via recurring revenue streams think
00:57 Netflix Spotify and Amazon run what
01:00 Amazon Prime has done with the consumer
01:02 market Microsoft has done with the
01:04 business market visa vie their office
01:06 offering it's much easier to plan a
01:08 business against recurring revenue and
01:10 the market loves it a Loser the Facebook
01:14 Board of Directors our 2018 award for
01:17 most spineless and damaging Board of
01:19 Directors what is the role of a Board of
01:21 Directors care and duty specifically
01:24 serve as fiduciaries for stake holders
01:26 that includes teens that includes the
01:29 Commonwealth and of course shareholders
01:31 who have seen the value of their shares
01:33 shed a third of their value because of
01:36 irresponsible reckless negligent
01:39 behavior on the part of the CEO and the
01:42 CEO oh so at the end of the day what is
01:44 a board supposed to do they decide if
01:46 and when the company gets sold and to
01:48 hire and fire the CEO what has the board
01:51 done here nothing what should they do
01:54 first they should fire Sheryl Sandberg
01:57 the problem with a two-class shareholder
01:59 structure and the reason the SEC should
02:02 revisit the concept of banning all to
02:05 class companies or perhaps making it
02:08 such that when a company punched through
02:10 a hundred billion in market cap it
02:11 reverts to one class of stock
02:13 it has a ripple effect of unintended
02:16 consequences in the unintended
02:17 consequence here is that their COO that
02:20 should have been fired a year ago is
02:22 still here because quite frankly the
02:24 board does not want to be the board that
02:26 fires the woman in a sea of men in big
02:29 tech and that's a legitimate excuse
02:31 however she has made a billion dollars
02:35 and she will move on and do just fine
02:37 every day executives are fired for a
02:39 fraction of the infractions of Miss
02:42 Sandberg and the Zuck at the end of the
02:45 day the person ultimately responsible
02:47 for all of this reckless behavior that
02:49 this company is Mark Zuckerberg and he
02:52 should be removed from the CEO role he
02:55 should likely maintain his chairmanship
02:56 his DNA and programming genius is key to
03:00 retention of the value of this firm he
03:02 deserves to stick around he owned 16% of
03:05 the company however he can be fired and
03:08 this is how he could fight back he
03:11 controls 60% of the voting shares so if
03:13 he is removed from the CEO role it is
03:15 technically feasible that the next day
03:17 he removes the entire board what would
03:20 actually happen play this out the day
03:23 after he is removed from the CEO role he
03:26 fires his entire board that would be
03:29 utter chaos a five-car alarm alerting
03:33 legislators shareholder rights lawsuits
03:36 and governments globally we have to ask
03:38 would in fact the Zuck burn his castle to
03:42 save it the board should not be asking
03:44 this the board should be asking what is
03:47 the right thing to do as Emiliano Zapata
03:49 famously said it is better to die on
03:52 your feet than to live on your knees it
03:54 is time for the Board of Directors at
03:56 Facebook to stand on their feet ....
2018-11-21
Dropbox CEO Drew Houston and the Evolution of a Tech Entrepreneur
Drew Houston: Dropbox and the Evolution of a Tech Entrepreneur
Goldman Sachs video above published Nov 12, 2018: In this episode of Talks at GS, filmed at Goldman Sachs’ Builders + Innovators Summit, Dropbox (dropbox.com) co-founder and CEO Drew Houston discusses what he has learned as he continues to grow the cloud computing company into one of the biggest disruptors in Silicon Valley.
NASDAQ: DBX
Tweets by Dropbox
Goldman Sachs video above published Nov 12, 2018: In this episode of Talks at GS, filmed at Goldman Sachs’ Builders + Innovators Summit, Dropbox (dropbox.com) co-founder and CEO Drew Houston discusses what he has learned as he continues to grow the cloud computing company into one of the biggest disruptors in Silicon Valley.
NASDAQ: DBX
 |
| $DBX |
2018-11-10
Tech Review: 1) The Google Monopoly; 2) Credit Card Chips & Fraud
1) The Google Monopoly
CNBC International video above published Nov 1, 2018: Google has been fined record-breaking amounts by the European Commission for violating antitrust rules. Is Google a monopoly that needs to be broken up? CNBC’s Elizabeth Schulze explains from Brussels.
See also: The New York Times is digitizing its 5-7M photo archive using Google AI to recognize text describing the photos and will use Google's storage services--cnet.com.
2) Credit Card Chips & Fraud
Fortune.com video above published Nov 5, 2018: Credit card chips fail to end fraud according to a new report.
3) Investing
For the year:
- The NASDAQ Composite is up 503.51 points, or 7.3%.
- The S&P 500 is up 107.40 points, or 4%.
- The DJIA is up 1,270.08 points, or 5.1%.
- Apple, Microsoft, Amazon, Google and Facebook have a combined market capitalization of $3.7 trillion, equal to Germany’s gross domestic product (GDP) last year--Tim Berners-Lee says tech giants may have to be split up--reuters.com.
- China: "Chinese President Xi Jinping and his team did not get the midterm [Blue] wave they were hoping for. The Chinese side may once have had a fantasy that the midterm elections would force President Trump to back down on tariffs but there is little to nothing in the results that would lead Trump to change his approach to prosecuting his trade war with China, and in fact he may see reasons to redouble his efforts."-- Bill Bishop of Sinocism | Axios.com. Trump and Xi will discuss trade issues when the two meet for dinner on the sidelines of the G20 leaders’ summit at the end of November in Buenos Aires, Argentina--reuters.com
- Buffett's Berkshire doubles profit, repurchases $900 million stock in third quarter--reuters.com.
- Move over Netflix: Disney says its new streaming service will be called Disney+ and will launch in the US in late 2019--cnbc.com.
- Goldman Sachs ensnarled in vast 1MDB fraud scandal--NYTimes.com.
- Hilarious How Wall-Street Crybabies Whine about the Fed’s QE Unwind after a Decade of “Wealth Effect”--Their “Everything Bubble” is being pricked “gradually,” and they don’t like it.--WolfStreet.com.
4) ICYMI Tech News:
- Amazon $AMZN is spending billions to win Indian shoppers--bloomberg.com. Also: Amazon plans to split HQ2 evenly between two cities--wsj.com; Amazon.com Inc. said effective Nov 5, it would offer free shipping with no purchase minimum for the first time, this Christmas shopping season--reuters.com.
- Apple $AAPL: India iPhone sales to fall for first time in four years: researcher--reuters.com. Amazon signs a deal with Apple--cnet.com--will start selling its latest devices, except the HomePod, in the US, UK, France, Germany, Italy, Spain, Japan, and India.
- Alibaba $BABA cuts sales forecast on economic uncertainty, trade fears--reuters.com. Alibaba Singles Day Nov 11, a major shopping extravaganza in China--cnbc.com video.
- China's leading self-driving startups are betting on leveraging talent and capital in Silicon Valley--axios.com.
- Tech CEOs Are in Love With Their Principal Doomsayer--The futurist philosopher Yuval Noah Harari thinks Silicon Valley is an engine of dystopian ruin. So why do the digital elite adore him so?--NYTimes.com.
- Crypto: Policing the Wild West of Cryptocurrency--morganlewis.com. See also Bitcoin: New Asset Class or Pyramid Scheme? | cfainstitute.org.
- Personal Tech: a. New MacBook Air threatens both MacBook and MacBook Pro with function keys--appleinsider.com; b. Files by Google: Clean up space on your phone--Google’s Files Go hits 30 million users and is getting a new name--theverge.com.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER
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