Michael and Johnny look at Tech Earnings of the companies winning during this pandemic crisis and discuss the takeaways and factors behind their current success.
In the News of the Week, we look at whether privacy is over with the rise of coronavirus tracing apps, Zoom’s surprise decision of going with Oracle Cloud, and Uber and Lyft’s layoffs. In follow-ups, we discuss Zoom incorrectly reporting their daily active users and the impact of COVID-19 on the meatpacking industry.
Recorded Date: Sunday, May 3, 2020
Ideas of the Week:
- One-click sell my car! - A Repo man that pays you
Time Stamps
- @00:01:24: Zoom goofs on DAU number
- @00:02:22: 4000 Meat Packing Workers Infected with Covid-19
- @00:05:22: Is privacy over?
- @00:11:10: Zoom Choose Oracle Cloud
- @00:16:33: Uber and Lyft Layoffs
- @00:20:00: Main Topic: Tech Earnings Review
- @00:21:19: Online Ads - Facebook and Google
- @00:27:13: Should Youtube be making more money?
- @00:33:36: Microsoft Earnings
- @00:37:56: Apple Earnings
- @00:42:53: Is Tesla Unstoppable?
- @00:55:05: Who is the biggest winner?
- @01:07:37: Mixing the Kool-aid: Zoom the first meme company
- @01:11:19: Johnny really likes the movie Wall-E
Highlights
- If I start turning off the Wifi on my phone, I might as well go back to a flip phone
- The last stop was the government fining companies over privacy intrusions and issues. Is it over if the government just lets them do it now? The concerted use of data to track our every moves and interactions
- It’s a multi-cloud world. You mean there isn’t just one cloud - there are many smaller clouds
- Will we see more consolidation in the gig economy companies? Will stronger companies acquire weaker companies?
- More people spend time on Youtube than any other part of the internet and they can make only $4 B in a quarter. Netflix makes ~$1.5 B more than Youtube with a fraction of the number of users
- Will COVID-19 stop the infrastructure build-out of 5G causing Apple’s anticipated first 5G phone to not sell as well?
- Will Tesla take down Volkswagen and Toyota?
- Who continues to be a winner in a sustained COVID-19 social distancing world?
- The tech companies winning now are those that spent the past few years investing in new areas of growth that is paying off for them now
- Is it their inability to settle has led to this winning moment during this crisis?
- Are these tech companies the titans of industry in the 21st century? Or are they already?
- None of the tech companies that were created since the 2008-2009 Great Depression are in our list of winners - Twitter, Airbnb, Uber, Lyft
- Companies that primarily depended on physical interactions that have extended their business to online services are able
- Will Netflix be around in 50 years?
