Business News Weekly ─ January 21, 2019
“Amazon, Microsoft win cloud” ─ from an article in the Wall Street Journal. Can they keep their business growing strong? Is now the new six point trillion-dollar (market) question?
“IPO, now, business later” ─ from an article in the Wall Street Journal. These are SPACs, which raise money and then find companies to buy. These companies are formed and investors put money in before there is any operating company. Why would investors buy stock in a blank check? If the company is run by star energy executive, this is possible.
“The 30% fee, these are too damn high” ─ from Bloomberg magazine by Shira Ovide. It goes on to say some fees are hardwired into our life. Like the people tip 15% to 20% at US restaurants. And Apple Inc. and alphabet Inc. take a 30% cut when someone buys of early lollipop hammer in Candy Crush or signs up for an online HBO subscription to their smart phone app stores. There is legal pressure against this that would force also Apple changes in its app stores. For the record the app stores bring in close to $20 billion in revenue for Apple.
“Don’t get comfy at the top, Amazon” ─ from an article in the Wall Street Journal. The author, Jason’s Zweig goes on to say the market–leader looks like the Number 1’s of old. It’s dominant but it’s position isn’t Unassailable.
“Amazon rewrites publishing by pushing its own books” ─ from an article in the Wall Street Journal. The retail giant has an unrivaled audience and an army of authors. It’s amazing how much leverage Amazon really has.
Huawei, who’s been in the news quite a bit lately because of the administration shutting down some activity in the US. But, an article in the Wall Street Journal says they are facing US criminal probe, and whether they stole the trade secrets from T – Mobile.
Amazon CEO Jeff Bezos and his wife, Mackenzie, agreed to an amicable divorce after 25 years of marriage. I wonder if this will get spelled out publicly what share of his over $100 billion valuation, the wife will get?
“Electric vehicle isn’t just a car” ─ from an article in the Wall Street Journal. General Motors has decided to hitch its DV strategy to Cadillac.
“Smart phone overload!” ─ from an article in the Wall Street Journal. It goes on to say the once-revolutionary device it’s losing its power to amaze – a may be its hold on our lives. Why the future may not be on your phone.