Google with the Assist

“I can see [Google Cache] going real well for people,” says our first reader about Google’s plan to become a banker.

“It’ll be great when Google ‘accidentally’ freezes your checking account for a non-PC YouTube comment or Tweet. Then — BAM — you can’t pay your bills.

“How will customer service respond? You’ll chat with a bot that’ll just auto-reject your appeal.”

Sounds like something that might actually happen.

Another reader says: “So what’s in it for Google?

“Two main things I can think of: A whole new category of personal information they can sell to the highest bidder (or maybe only TWO bidders — the NSA and the IRS).

“And Google giving a big assist to central banks as they declare war on cash.”

Wow. We hadn’t even considered the IRS goon squad… Check back for more tomorrow.

Your Rundown for Thursday, November 14, 2019:

Magic Kingdom

Disney launched its streaming service — Disney+ — in the U.S. on Monday. And, over the next two years, the service should roll out in major markets around the globe.

The company announced Tuesday more than 10 million customers signed up for the service on launch day.

First, take a look at the effect on DIS stock…

chart

Shares are up over 7.35% today, adding $13 billion to the company’s market cap.

And here’s a peek at how 10 million subscribers stacks up against other streaming platforms:

  • Netflix (streaming launched 2007): As of October, 60.6 million U.S. subscribers
  • Hulu (launched 2007): As of November, 28.5 million U.S. subscribers
  • HBO Now (launched 2015): As of October, 8 million U.S. subscribers

Amazon Prime Video? Likes to keep things close to the vest… so no numbers available.

By 2024, Disney forecasts Disney+ will have between 60 – 90 million subscribers. A nice boost too revenue (and shares).

Market Rundown for Thurs. Nov. 14, 2019

S&P 500 futures are down 5.5 points to 3,090.

Oil’s up 46 cents to $57.58 for a barrel of WTI.

Gold’s rebounding some — up $6.30 to $1,469.60 per ounce.

Bitcoin’s lost 1.24% to $8,707.61.

We’ll catch up tomorrow. Have a good day.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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