- A + A CHICAGO (June 28): In a year that has seen widespread selling of technology stocks and long-time market leaders fall into bear territory, the woes of Netflix Inc stand alone. The video-streaming company has plummeted 69% this year, abandoned by both investors and analysts as back-to-back disappointing quarterly reports raised concerns about user trends in an industry that’s becoming more competitive and losing its pandemic-related tailwinds. The drop is the most of any Nasdaq 100 or S&P 500 component, and much worse than the former index’s 26% decline. The growth outlook has weakened to the point that Netflix has cut hundreds of jobs and changed its tune on two longstanding principles: it is cracking down on password sharing, and will introduce an ad-based subscriber tier to the platform. That’s on top of a backdrop where high inflation has pushed the Federal Reserve to hike rates sharply, sparking recession fuels and fueling a rotation out of tech. … [Read more...] about The number of Netflix bulls is dwindling
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5 Reasons Why Steve Jobs’s iPhone Keynote Is Still the Best Presentation of All Time
Today the iPhone celebrates its 10th anniversary as one of the best-selling products of all time. As a communication specialist, I mark the event for a slightly different reason. The launch of the iPhone was accompanied by one of the best business presentations in corporate history. Here are five techniques that Steve Jobs used to make the iPhone launch magical and memorable, tips that you can use in your very next pitch or presentation. 1. The Setup A good story--and nearly every successful Hollywood movie--follows the three-act structure: setup, conflict, and resolution. The setup is key. It introduces the characters and provides the background to move the action forward. In the 2007 iPhone presentation, Jobs built up the narrative before he even mentioned a new product. "This is a day I've been looking forward to for two and a half years," Jobs began. "Every once in a while, a revolutionary product comes along that changes everything ... Apple … [Read more...] about 5 Reasons Why Steve Jobs’s iPhone Keynote Is Still the Best Presentation of All Time
Apple Just Updated a Product No One Even Knew It Still Sold
It's official. It's finally here. The brand new, updated, turbo-charged, better than ever... iPod Touch? Wait, the iPod might be one of the most significant innovations Apple has ever created, but did anyone know it still actually sold them? I'm pretty sure I still have a 5th generation iPod Video in a drawer somewhere. I even swapped out the original hard drive for a compact flash card a few years ago, but I haven't used it since I bought an iPhone . It turns out not only does Apple sell them, but the company just announced it has updated them with the A10 Fusion processor from the iPhone 7, with support for augmented reality (AR) and Group FaceTime. Apple's announcement includes an especially interesting quote from Greg Joswiak, who is Apple's vice president of product marketing. In it, Joswiak says that Apple's "making the most affordable iOS device even better with performance that is twice as fast as before." Here's why that's interesting. He … [Read more...] about Apple Just Updated a Product No One Even Knew It Still Sold
Surprise: The Hiring Manager Is More Anxious Than The Job Seeker
Share to Twitter Share to Linkedin Here is a hack that will make you feel more confident in your job search: the interviewer and hiring managers are more nervous than you are. It’s hard to wrap your mind around this concept, as people are indoctrinated to think that job seekers should be the ones who are nervous and anxious going into an interview. They worry about being judged. Job hunters must contend with the shame of not moving onto the next level in the interview process. Even worse, they don’t receive feedback and get ghosted. The hiring process feels—to the job seeker—like the company, human resources, management and internal talent acquisition professionals hold all of the power. What Hiring Managers Obsessively Worry About A supervisor needs to hire. They want to make sure that the applicant possesses all of the requirements listed in the job description. The interviewer also wants to feel that they can click with the candidate and forge a … [Read more...] about Surprise: The Hiring Manager Is More Anxious Than The Job Seeker
What the Business Cycle is Telling us About a Recession
If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession
Richard and Lucy Gomez take oath as Leyte congressman, Ormoc City mayor
FILE PHOTO: Then-Leyte Rep. Lucy Torres-Gomez and her husband, then Ormoc City Mayor Richard Gomez, pose for pictures during a movie industry event in December 2015 (Photo from Inquirer Entertainment Twitter page) TACLOBAN CITY — Congressman-elect Richard Gomez and his wife, Ormoc City mayor-elect Lucy, formally took their oaths on Tuesday. The couple made their pledges before Judge Mario Quinit at the Ormoc Superdome, where supporters, family members, city department officials, and barangay leaders, among others, gathered. Gomez, a multi-awarded actor, said he waited for 21 years to be elected as a congressman. He said he first ran as a congressman in 2001 as a nominee of the Mamamayan Ayaw sa Droga. While the party-list garnered enough votes to take a seat, it was disqualified by the Supreme Court. In 2010, Gomez again ran as a congressman but was disqualified by the Commission on Elections(Comelec) for lack of residency. His wife, Lucy, substituted him and kept … [Read more...] about Richard and Lucy Gomez take oath as Leyte congressman, Ormoc City mayor