Tech Brew Ride Home Fri. 08/04 – HUGE Show News
Aug 4, 2023
This discussion dives into Apple's revenue struggles versus Amazon's growth, raising questions about market dynamics. Coinbase debates its legal standing amid SEC scrutiny, while notorious cryptocurrency hacks make headlines. The decline of Threads reveals retention issues in social media. There's an eye-opening look at the implications of AI training on data and the potential for universal basic income to address future economic disparities. Plus, Modelo's rise to the top of America’s beer market highlights shifting consumer preferences.
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Apple's Shifting Revenue
- Apple's revenue has declined for three consecutive quarters, but services and wearables are growing.
- Their large install base allows them to add new revenue streams easily, like subscriptions.
Amazon's Growth Strategy
- Amazon's Q2 revenue grew by 11%, driven by ads and subscriptions.
- Their massive scale enables them to generate billions in new revenue streams simply by adding new services.
Coinbase vs. SEC
- Coinbase is arguing that they don't trade securities and thus, SEC's lawsuit is invalid.
- The SEC disagrees, and has also sued Binance and others over similar allegations.
