Morning Brew Daily Google Takes a Big L & YouTube Soars Past TikTok
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Dec 12, 2023 A recent legal victory against Google by Epic Games could shake up the app market forever. The discussion also highlights how teens are increasingly flocking to YouTube, surpassing their time spent on TikTok. Meanwhile, a potential buyout of Macy’s raises questions about its future amid e-commerce challenges. Geopolitical tensions are identified as the primary economic threat today. Plus, Apple is making moves to limit Android's iMessage capabilities, while Google shares its top trending searches for 2023.
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Epic vs Google
- Epic Games won a lawsuit against Google, alleging Google's app store and billing practices were monopolistic.
- Google was accused of spending over a billion dollars to stifle competition by preventing the creation of other app stores.
Geopolitical Risks
- Geopolitical instability surpasses other economic concerns like interest rates and inflation for institutional investors.
- Concerns include regional conflicts, U.S. elections, and China's economic and political ambitions.
Macy's Buyout
- Investors offered to buy Macy's for $5.8 billion, potentially focusing on its real estate rather than retail operations.
- Private equity involvement often leads to the demise of storied brands, raising concerns about Macy's future despite its cultural significance.