Tech Brew Ride Home Fri. 09/13 - Cloudflare IPO: Good. WeWork IPO: (???...)
Sep 13, 2019
Cloudflare celebrates a successful IPO, contrasting sharply with WeWork's uncertain future. The AR/VR investment bubble may be popping, causing ripples in the tech world. Hollywood's streaming wars could disrupt traditional backend deals, as Disney seeks to limit profit sharing on new shows. Meanwhile, lawmakers ramp up scrutiny on major tech players over antitrust concerns. Dive into the intriguing dynamics of AI, human communication, and a nostalgic look at the impact of video games in skateboarding.
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Antitrust Probe into Tech Giants
- House lawmakers are investigating Google, Amazon, Facebook, and Apple for potential antitrust violations.
- They've requested internal communications and financial data to determine if anti-competitive practices led to their market dominance.
AR/VR Bubble Bursting?
- The AR/VR investment bubble might be bursting, following the shutdown of several heavily funded startups like Daqri.
- Despite initial investor excitement, these companies struggled against larger competitors like Magic Leap and Microsoft.
WarnerMedia and J.J. Abrams Deal
- WarnerMedia signed an exclusive five-year, $250 million deal with J.J. Abrams and Bad Robot for film, TV, and streaming projects.
- This deal aims to secure marquee content as competition intensifies in the streaming wars.