Bull Market for Tech Stocks Continues, Despite Criticism by Governments and Regulators
There's been a lot of talk recently about curbing the reach of the world's mightiest tech firms, but the critics haven't stopped investors from pouring cash into tech stocks.
"Shares of Facebook, Google parent Alphabet Inc. and Microsoft hit new records (last) week while Amazon and Apple are close to all-time highs, write Ian King and Lu Wang in Bloomberg Technology. "According to Goldman Sachs research, the five are growing about five times faster than the average S&P 500 company and are twice as profitable."
Clearly, both Wall Street and popular wisdom still favor the tech industry. Frankly, I believe that's good news for all of us.
LinkedIn Might Begin Producing Original Video Content
Here's an interesting tidbit of news: LinkedIn is apparently considering a strategy to join the ranks of original content providers like Amazon, Netflix and HBO.
"Certain shows make sense on LinkedIn - the company could focus on programming that caters to its career-minded user base," writes Kevin Tran in Business Insider. "Fifty percent of college-educated adult web users in the US are on LinkedIn," according to Pew.
Since LinkedIn's content would be geared to its market of business users, we're unlikely to see shows like "A Game of Thrones," "Silicon Valley" or "Curb Your Enthusiasm."
But it will be fascinating to see what kinds of video content LinkedIn will produce. There is unquestionably a strong demand for business news and non-fiction programming. I'm looking forward to seeing what emerges from LinkedIn's push into video programming.
Apple Learns Harsh Lessons from iPhone X
There's an old saying: "You can have it fast, cheap or good. Pick two."
Apple is apparently learning this lesson the hard way, as it struggles to maintain speed and quality without radically increasing the costs of making its new iPhone.
"While a less accurate Face ID will still be far better than the existing Touch ID, the company's decision to downgrade the technology for this model shows how hard it's becoming to create cutting-edge features that consumers are hungry to try," write Alex Webb and Sam Kim in Bloomberg Technology.
Apple vociferously denies that it's reduced the accuracy of the facial recognition technology used in the phone.