Thursday, November 8, 2018
Thursday, November 1, 2018
Big Tech’s sell-off ~ The Economist
https://www.economist.com/business/2018/11/03/big-techs-sell-off
Business booms and busts follow a pattern. They start with an exciting change in the economy. Managers and investors collectively create a story about it, which begins as an explanation, then morphs into an extrapolation, and then into an exaggeration. Eventually the data contradict the narrative, boom turns to bust, and a bout of austerity follows. A rout in internet firms’ share prices since August has led plenty of people to ask if the tech industry is experiencing this sequence of hope, hubris and hurt for the second time in two decades. The answer is: to a degree, yes. The level of hype is particularly high, and some of the numbers are decidedly soft. That matters because tech firms are now so big and so spendthrift that a slowdown could damage the economy.
Business booms and busts follow a pattern. They start with an exciting change in the economy. Managers and investors collectively create a story about it, which begins as an explanation, then morphs into an extrapolation, and then into an exaggeration. Eventually the data contradict the narrative, boom turns to bust, and a bout of austerity follows. A rout in internet firms’ share prices since August has led plenty of people to ask if the tech industry is experiencing this sequence of hope, hubris and hurt for the second time in two decades. The answer is: to a degree, yes. The level of hype is particularly high, and some of the numbers are decidedly soft. That matters because tech firms are now so big and so spendthrift that a slowdown could damage the economy.
Friday, October 26, 2018
Thursday, October 18, 2018
Sunday, October 14, 2018
Monday, September 24, 2018
Saturday, September 22, 2018
Comcast outbids Rupert Murdoch’s Fox to win control of Sky
https://www.theguardian.com/business/2018/sep/22/comcast-outbids-rupert-murdochs-fox-to-win-control-of-sky
The auction marks a dramatic end for Sky as an independent company. The broadcaster began life in 1989 when Murdoch launched a standalone business offering four channels from an industrial estate in west London. The company was making enormous losses and soon merged with rival British Satellite Broadcasting to form BSkyB. Under Murdoch’s leadership the combined business hit on a winning formula of selling subscriptions on the basis of film and football rights, helping to transform the British media industry and become a highly profitable business.
The auction marks a dramatic end for Sky as an independent company. The broadcaster began life in 1989 when Murdoch launched a standalone business offering four channels from an industrial estate in west London. The company was making enormous losses and soon merged with rival British Satellite Broadcasting to form BSkyB. Under Murdoch’s leadership the combined business hit on a winning formula of selling subscriptions on the basis of film and football rights, helping to transform the British media industry and become a highly profitable business.
Thursday, September 20, 2018
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