Tech Brew Ride Home Fri. 02/07 - Uber Can See The Promised Land
Feb 7, 2020
Uber is on track for unexpected profitability, shaking up the competitive streaming landscape with ViacomCBS's new service launch. Discover the power of the 64-core Threadripper 3990X CPU, designed for intense computing tasks. Political contributions from Big Tech employees show an intriguing support for Bernie Sanders. Get insights into Netflix’s changes to its autoplay feature and learn about cellular health advancements that could reshape aging. Also, significant shifts in Microsoft's Windows strategy are making waves in tech.
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Uber's Projected Profitability
- Uber's stock rose over 9% after projecting earlier profitability.
- Their Q4 revenue was $4.1 billion, a 37% year-over-year increase.
New Streaming Service
- ViacomCBS plans a new ad-supported streaming service, building upon CBS All Access.
- It will include Viacom assets, Pluto TV, and Paramount Pictures, potentially under $10 monthly.
Failed Acquisition
- Intercontinental Exchange abandoned its eBay acquisition plan after shareholder disapproval.
- ICE shares fell, losing over $5 billion in market value following the announcement.