Motley Fool Money

Google’s Pivot, Tesla’s Record, Netflix’s New High

Oct 22, 2021
Emily Flippen, an investment analyst at The Motley Fool, and Maria Gallagher, a senior analyst, dive into Google’s decision to slash service fees, benefiting smaller app developers. The duo discusses Snap's revenue drop and Tesla's record profits, while Netflix celebrates an all-time high. They spotlight Crocs' impressive growth and Boston Beer’s struggles with Truly hard seltzer. Additionally, they unpack investment picks like Doximity and Rent the Runway, offering actionable insights for savvy investors.
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INSIGHT

Google Lowers App Store Fees

  • Google lowered service fees in its app store, impacting app developers.
  • This move follows Apple's similar action and aims to address antitrust concerns.
INSIGHT

Snap's Stock Drop

  • Snap's stock fell due to lower revenue and Apple's privacy changes impacting ad tracking.
  • Despite this, Snapchat's revenue and user base still saw significant growth.
INSIGHT

Tesla's Record Profits

  • Tesla achieved record profits and revenue, with gross margins exceeding expectations.
  • Despite facing headwinds like chip shortages, Tesla maintains a positive growth outlook.
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