THIS is a gamechanger for Netflix 🤯👇 | Summary and Q&A

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July 11, 2022
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THIS is a gamechanger for Netflix 🤯👇

TL;DR

FANG stocks rebounded last week, with Alphabet leading the gains. Evercore ISI reduced its price target for Alphabet due to inflationary pressures. Alphabet's involvement in a European competition inquiry might be investigated. Apple plans to release a rugged SmartWatch with a larger display. Amazon has withdrawn from a cargo Hub project at Newark Airport. Amazon's Prime Day deals have been announced, and Netflix has introduced immersive spatial audio.

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Questions & Answers

Q: Why did Evercore ISI reduce the price target for Alphabet?

Evercore ISI cited high cost inflationary pressures, foreign exchange headwinds, and signs of softening consumer demand as reasons for reducing Alphabet's price target.

Q: What is the Alliance for Open Media, and why is it under investigation?

The Alliance for Open Media (AOM) is a trade body that aims to standardize streaming media technologies. European authorities are concerned about its licensing policies and have launched a preliminary investigation into potential anti-competitive practices.

Q: What are the key features of Apple's upcoming rugged SmartWatch?

Apple's rugged SmartWatch will have a metal case, shatterproof glass, and a 1.9-inch display with a resolution of 410 pixels by 502. It will provide users with about 7% more screen area than current Apple watches.

Q: Why did Amazon withdraw from the cargo Hub project at Newark Airport?

Amazon and New York's Port Authority failed to reach an agreement on project terms, leading to an impasse and the termination of negotiations.

Q: What can users expect from Netflix's new spatial audio technology?

Netflix's spatial audio technology aims to enhance the viewing experience by creating a more immersive sound environment. Viewers can try it out by typing "spatial audio" into the search bar and selecting a show or film that supports it.

Summary & Key Takeaways

  • FANG stocks, including Alphabet, rallied last week, but Evercore ISI reduced its price target for Alphabet due to inflationary pressures and softening consumer demand.

  • Alphabet could potentially face scrutiny in a European competition inquiry for its involvement in the Alliance for Open Media.

  • Apple is developing a rugged SmartWatch with a larger display, aimed at extreme sports enthusiasts.

  • Amazon has ended negotiations for a cargo Hub project at Newark Airport, unable to reach an agreement with New York's Port Authority.

  • Amazon's upcoming Prime Day features various deals, and Netflix has introduced spatial audio technology for an enhanced viewing experience.

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