Morning Brew Daily Need to Know Earnings Roundup & UK blocks $69B Microsoft-Activision Deal
Apr 26, 2023
This week covers a whirlwind of earnings reports from giants like Microsoft and McDonald's, revealing key trends across various sectors. The UK blocks Microsoft's $75 billion acquisition of Activision Blizzard, raising complexity in market fairness. Millennials grapple with financial anxieties and high cash reserves, potentially missing investment opportunities. Plus, the podcast explores the surge in melatonin supplement use linked to modern sleep issues, and highlights the lucrative nature of 2023's internships in tech and finance.
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Google Search Still King
- Google Search's revenue grew last quarter, showing it still dominates despite AI Bing.
- AI integration and a new search engine are in development, but monetization is key.
Microsoft Teams Growth
- Microsoft Teams reached 300 million users, but growth may slow.
- Unbundling Teams from Office Suite follows antitrust concerns from competitors like Slack.
McDonald's Fries and Inflation
- McDonald's customers are ordering fewer fries due to inflation's impact.
- This suggests McDonald's may struggle to keep raising prices while retaining customers.