Brexit Hits Financial Markets | Crunch Report

TL;DR

The UK's decision to leave the European Union has caused the British Pound to drop, while tech stocks have taken a hit. Twitter has introduced location tags for tweets. President Obama encouraged diversity in the tech industry. Apple is discontinuing its Thunderbolt Display. Flirty successfully demonstrated drone delivery to the Jersey Shore.

Transcript

the brexit hits financial markets Twitter gets smarter about location Obama makes a call for diversity and more it's friday jun 24 and this is crunch report by now you've probably heard that the UK has voted to leave the European Union don't worry I'm not going to go into all the incredibly depressing political details but we do need to talk about ... Read More

Key Insights

• 🧑‍💻 The UK's Brexit decision has already affected the value of the British Pound and tech stocks, with long-term repercussions yet to be fully understood.
• 📌 Twitter's new location tags offer users the ability to track tweets from specific venues, providing a more targeted and location-based experience.
• 😯 President Obama's speech at the global entrepreneurship summit emphasized the importance of diversity in the tech industry and urged governments to promote equal opportunities.
• ⛩️ Apple's discontinuation of the Thunderbolt Display hints at the release of an upgraded version in the future, emphasizing their commitment to improving their display technology.

Questions & Answers

Q: What has been the economic impact of Brexit so far?

Since the UK's decision to leave the EU, the British Pound has dropped to a 30-year low, and tech stocks have experienced a decline. However, the full impact may not be known for several months or years.

Q: What is the significance of Twitter's new location tags?

Twitter now allows users to view a feed of tweets tagged to specific locations, such as restaurants, sports stadiums, and music festivals. This feature, sourced from Foursquare, has been introduced quietly and will now appear in the main Twitter feed.

Q: What did President Obama discuss at the global entrepreneurship summit?

President Obama praised tech companies for their efforts to enhance diversity in their workforces. He highlighted the challenges faced by women, young people, and minorities in starting their own businesses and called for governments worldwide to promote openness and transparency.

Q: Why is Apple discontinuing its Thunderbolt Display?

Apple's decision to discontinue the Thunderbolt Display suggests the possibility of a new 4k or 5k version being launched in the future. Apple encourages customers to buy the Thunderbolt Display while supplies last, but there are alternative options available.

Summary & Key Takeaways

• The UK's vote to leave the EU has resulted in a drop in the British Pound and a decline in tech stocks.

• Twitter has quietly introduced location tags for tweets, allowing users to see tweets specific to a restaurant, sports stadium, or music festival.

• President Obama praised tech companies for their efforts to improve diversity and called for global governments to be more transparent and inclusive.

• Apple is discontinuing its Thunderbolt Display, potentially hinting at the release of a new 4k or 5k version.

• Flirty successfully conducted a drone delivery demonstration, showcasing its potential for delivering medical supplies to ships at sea.