Financial Daily Dose 4.21.2021 | Top Story: The Success of Upstart Rivals (and Vaccines) Hits Netflix Hard

Robins Kaplan LLP
Contact

Robins Kaplan LLP

The latest round of quarterly results from Netflix shows that while the grand-daddy of streaming “still rules” that universe, a combination of upstart and old-guard rivals “have cut into Netflix’s share of viewers’ attention” - NYTimes and WSJ and Bloomberg and MarketWatch

Along with a series of new products, Apple revealed at its event yesterday that it will “release highly anticipated iPhone software next week with a privacy feature that worries digital-advertising companies, most notably Facebook.” The feature requires apps “to get explicit permission from users before tracking them across other apps”—part of a stated commitment to privacy and Cook & friends are using to distinguish themselves from others in Big Tech - NYTimes and WSJ and Bloomberg and Marketplace and Mashable and TechCrunch

China’s recent no-joke moves against Jack Ma’s Alibaba and Ant Group empire, in combination with an aggressive EU antitrust enforcement effort and a nascent bipartisan push for regulation here in the States, suggests that we may be reaching a “global tipping-point” when it comes to reining in Big Tech - NYTimes and Bloomberg

Gaming chat-app of choice, Discord, has broken off negotiations with Microsoft and will shift to laying groundwork for a potential IPO. Microsoft had offered $10 billion for the company - WSJ and MarketWatch

And just like that . . . the Super League is no more. Here’s how it all fell apart in a span of 48 hours (thanks largely to its own brand of Brexit) - NYTimes and WSJ and Bloomberg and MarketWatch

Speaking of, a super league of luxury brand rivals is throwing its moneyed weight behind “a new blockchain consortium that will allow shoppers to track the provenance of their purchases and authenticate goods” - NYTimes

Ratings agency Morningstar [currently part of DBRS] is accusing the SEC of “trying to sidestep congressional constraints with its enforcement action over a ratings methodology the agency apparently ‘does not like.’” The company has moved to dismiss the Commission’s February action that accused it of making “undisclosed ‘adjustments’ to ratings for $30 billion worth” of CMBS between 2015-16 – Law360

P&G warned that it plans to raise prices this fall on a range of products, from diapers to tampons, as the consumer-products company joins its peers in boosting prices (and does so as its sales growth is slowing) - WSJ

In a “vote of confidence” in CEO David Calhoun, Boeing’s board on Tuesday agreed to extend his job for up to 5 more years, pushing him past the company’s normal retirement age of 65 - WSJ and Bloomberg

Ladies and gentlemen, the YOLO economy - NYTimes

Jelani Cobb and David Remnick in conversation about what yesterday’s guilty verdict here in Minneapolis means for the Twin Cities and the nation beyond - NewYorker

Stay safe.

Written by:

Robins Kaplan LLP
Contact
more
less

Robins Kaplan LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.