1) How Uber Is Preparing For Its $UBER IPO
Uber CEO Dara Khosrowshahi says Uber is on track to go public later this year, a move that could make it the biggest IPO of 2019. WSJ.com’s Jason Bellini breaks down five ways Uber is preparing itself for its market debut. WSJ.com video above published 2 Apr 2019.
Uber Form S-1--"We have applied to list our common stock on the New York Stock Exchange under the symbol “UBER”--
UPDATE: see also S-1A: AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT filed 26 Apr 2019.
2) Undersea Cables Carry 99% Of Transoceanic Data
The dawn of instant global communication can be traced back to entrepreneur Cyrus West Field and his long-shot experiment to link the United States and Europe by telegraph in the 1850s. Bloomberg.com video above published Apr 16, 2019.
3) Investing
S&P, NASDAQ set all-time closing highs after first-quarter GDP jump--MarketWatch.com
US economy grows by +3.2% in the first quarter, topping expectations--cnbc.com.
US: Love Affair With Cars Nearly Finished--moneymaven.io.
Germany, Europe’s largest economy, cut its forecast for 2019 growth in half, to just 0.5%, the slowest annual growth rate since 2013, when the euro zone was still trying to pull itself out of a sovereign debt crisis. Last year, German GDP rose by 1.4%.--qz.com
Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets to flee the consequences of euro debt crisis.--wolfstreet.com.
Italy's economy is one of the biggest downside risks to the global financial system and could spell disaster for Europe--businessinsider.com.
Gundlach: Modern Monetary Theory ‘Complete Nonsense’--etftrends.com
Avoiding Stupidity is Easier than Seeking Brilliance--fs.blog.
The media exaggerates negative news. This distortion has consequences--theguardian.com: "Far from being better informed, heavy newswatchers can become miscalibrated. They worry more about crime, even when rates are falling, and sometimes they part company with reality altogether."
Earnings season: Twitter, Facebook, Verisign, Amazon, and Microsoft (below):
Avoiding Stupidity is Easier than Seeking Brilliance--fs.blog.
The media exaggerates negative news. This distortion has consequences--theguardian.com: "Far from being better informed, heavy newswatchers can become miscalibrated. They worry more about crime, even when rates are falling, and sometimes they part company with reality altogether."
Earnings season: Twitter, Facebook, Verisign, Amazon, and Microsoft (below):
Microsoft Earnings Release FY19 Q3 -- Microsoft Cloud Strength Drives Third Quarter Results -- Microsoft Corp. announced 24 Apr 2019, the following results for the quarter ended March 31, 2019, as compared to the corresponding period of last fiscal year: Revenue was $30.6 billion and increased 14%; Operating income was $10.3 billion and increased 25%; Net income was $8.8 billion and increased 19%; Diluted earnings per share was $1.14 and increased 20% ... “Demand for our cloud offerings drove commercial cloud revenue to $9.6 billion this quarter, up 41% year-over-year,” said Amy Hood, executive vice president and chief financial officer of Microsoft.
4) ICYMI Tech News:
Qualcomm: Why The Success Story Just Begins--seekingalpha.com.
Apple said Qualcomm’s tech was 'no good' in legal pleadings, but in private communications Apple said Qualcomm's tech was ‘the best.’--washingtonpost.com: “It potentially reveals that Apple was engaging in a bad faith argument both in front of antitrust enforcers as well as the legal courts about the actual value and nature of Qualcomm’s patented innovation”--Adam Mossoff, a law professor at George Mason University and director of the Center for the Protection of Intellectual Property.
Apple spends more than $30 million on Amazon’s cloud every month, making it one of the biggest AWS customers--cnbc.com.
Huawei funded by Chinese state security according to a report published last week in The Times | thetimes.co.uk: the CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the Chinese state intelligence network.
AT&T: SeekingAlpha.com: "... tackling debt by selling off assets ... The yield is still over 6.3% ... the stock has had no growth in a decade, [but] that could change with WarnerMedia" [Editor's note: or perhaps not. AT&T Inc’s Q1 2019 revenue fell short of Wall Street estimates, losing subscribers in nearly all its businesses except wireless where it used aggressive price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers. Analysts had expected a loss of 385,000 customers across DirecTV and U-verse, according to FactSet.com.]
The Streaming Wars: The Market Guide--seekingalpha.com.
Personal tech: feel trapped in Apple's ecosystem? Apple isn't the only one with an expansive ecosystem of products, services, and software--zdnet.com.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER
Apple said Qualcomm’s tech was 'no good' in legal pleadings, but in private communications Apple said Qualcomm's tech was ‘the best.’--washingtonpost.com: “It potentially reveals that Apple was engaging in a bad faith argument both in front of antitrust enforcers as well as the legal courts about the actual value and nature of Qualcomm’s patented innovation”--Adam Mossoff, a law professor at George Mason University and director of the Center for the Protection of Intellectual Property.
Apple spends more than $30 million on Amazon’s cloud every month, making it one of the biggest AWS customers--cnbc.com.
Huawei funded by Chinese state security according to a report published last week in The Times | thetimes.co.uk: the CIA accused Huawei of receiving funding from China’s National Security Commission, the People’s Liberation Army and a third branch of the Chinese state intelligence network.
AT&T: SeekingAlpha.com: "... tackling debt by selling off assets ... The yield is still over 6.3% ... the stock has had no growth in a decade, [but] that could change with WarnerMedia" [Editor's note: or perhaps not. AT&T Inc’s Q1 2019 revenue fell short of Wall Street estimates, losing subscribers in nearly all its businesses except wireless where it used aggressive price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers. Analysts had expected a loss of 385,000 customers across DirecTV and U-verse, according to FactSet.com.]
Why go long IBM? Red Hat deal closes in H2 2019, plus strategic imperatives like cloud, security, AI, and blockchain.
London unicorn fintech startups vs. San Francisco--cityam.com.
U.S. activist investor Elliott Management invests 1.2 billion euro ($1.3 billion) in German business software company SAP.
Japan’s Softbank Group Corp to invest $1 billion in Wirecard via a convertible bond deal that may provide it a 5.6 percent stake in the German digital payments company.
Former Mozilla exec: Google sabotaged Firefox for years--zdnet.com.
London unicorn fintech startups vs. San Francisco--cityam.com.
U.S. activist investor Elliott Management invests 1.2 billion euro ($1.3 billion) in German business software company SAP.
Japan’s Softbank Group Corp to invest $1 billion in Wirecard via a convertible bond deal that may provide it a 5.6 percent stake in the German digital payments company.
Former Mozilla exec: Google sabotaged Firefox for years--zdnet.com.
The Streaming Wars: The Market Guide--seekingalpha.com.
Personal tech: feel trapped in Apple's ecosystem? Apple isn't the only one with an expansive ecosystem of products, services, and software--zdnet.com.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER