Tech Brew Ride Home Fri. 07/30 – For Amazon, Are Ads > AWS?
Jul 30, 2021
Is Amazon's advertising business now outpacing AWS as a revenue stream? Dive into Robinhood's rocky start on the public market and the SEC's crackdown on Chinese tech firms. Plus, Gopuff secures a massive investment to fuel its grocery delivery expansion. Explore the latest on Intel's strategic overhaul and the challenges of internet access in authoritarian states. Finally, the episode touches on the growing importance of social media roles and Hollywood's evolving franchise trends.
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Amazon's Stock Drop
- Amazon's stock dropped 7.5% after predicting slower growth.
- This is due to lapping year-over comparisons against the COVID lockdown boom.
Robinhood's IPO and Regulatory Risks
- Robinhood's stock closed down 8% on its first trading day after IPO.
- The SEC is reviewing payment for order flow, a key part of Robinhood's revenue.
SEC Halts Chinese Registrations
- The SEC halted processing Chinese company registrations.
- This is due to developing guidance on disclosures amid China's recent crackdown.