FAANG Stocks STALL (and then) Fall? | Summary and Q&A

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June 23, 2023
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The Investor Channel
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FAANG Stocks STALL (and then) Fall?

TL;DR

Elon Musk and Mark Zuckerberg may have a playful cage match, Facebook and Instagram pull news from Canada, Apple considers bringing Apple Card to India, and Google and Netflix explore licensing shows to other platforms.

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Questions & Answers

Q: What sparked the playful cage match talk between Elon Musk and Mark Zuckerberg?

The conversation began on Twitter, with Meta's potential rollout of Twitter-like features and Musk playfully challenging Zuckerberg to a fight.

Q: Why did Facebook and Instagram pull news from Canada?

This action was taken in response to the Online News Act, which requires platforms to share revenues and potentially pay for news. The platforms believe users won't mind the absence of news and news outlets will lose traffic.

Q: Why is Apple considering bringing Apple Card and Apple Pay to India?

Apple aims to deepen economic ties with India and expand its presence in the country. The prime minister of India visited the United States, and Apple's discussions with Indian leaders may pave the way for future partnerships.

Q: Why are Google and Netflix exploring licensing shows to other platforms?

It appears that licensing shows to other platforms may be a more profitable business model compared to creating exclusive content. This shift in strategy allows for increased revenue generation.

Summary & Key Takeaways

  • Meta's stock continues to rise, reaching $289 per share.

  • Elon Musk and Mark Zuckerberg engage in lighthearted banter about a potential cage match.

  • Facebook and Instagram pull news from Canada in response to the Online News Act.

  • Apple considers expanding Apple Card and Apple Pay to India.

  • Google and Netflix explore licensing shows to other platforms.

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