Pivot Apple’s Secret China Deal, Buzzfeed’s Mild Disaster, and Newspapers Strike Back
Dec 10, 2021
A massive AWS outage and Tim Cook's diplomatic maneuvers with China highlight the tech world's unpredictability. BuzzFeed's stock launch raises questions about media's future. The hosts reflect on the struggles of traditional newspapers grappling with digital giants. Amidst tech drama, they humorously predict Twitter's next owner. The interplay of corporate interests and political tensions steers captivating discussions, while personal anecdotes add a relatable flair.
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BuzzFeed's SPAC Launch
- BuzzFeed's SPAC launch was a mild disaster, with investors withdrawing 94% of the raised funds.
- The company had to raise convertible debt, a negative indicator, and the stock price dropped significantly.
Vox vs. BuzzFeed
- BuzzFeed is considered the Android of digital media, while Vox is the iOS, with less revenue but more growth and profitability.
- Vox's potential public offering will reveal whether it gets grouped with BuzzFeed despite its different business model.
Nunes Leading Trump Media
- Devin Nunes, with no tech or media experience, is becoming CEO of Trump's media company, which is under SEC investigation.
- The company's stock is expected to decline, and its future is uncertain due to Nunes' lack of relevant experience.