Hey Snackers,
When you think of your ideal chicken nuggets, they're not usually 3D-printed by a Russian lab. KFC begs to differ: it's teaming up with a Russian bioprinting company to produce "the meat of the future." In Russia, the 3D-printed chicken nuggies eat you.
All three major stock indexes jumped yesterday. The tech-heavy Nasdaq made the largest gains thanks to big rallies from Amazon and Tesla. Also: the Oxford-AstraZeneca COVID vaccine showed positive results in early testing.
Not just disappearing pics... Snap wants users doing more in its app (besides sending double-chin shots). In 2015 it launched the Discover tab for news. Last year, it launched in-app games. Yesterday, Snap launched "Minis," tiny apps you can use within its chat feature (without having to download anything):
Win-win brilliance... With Minis, Snap could theoretically let you do 100X more things in-app, which could lead to 100X more engagement — and a lot more ad revenue. By adding a popular partner like Headspace early, Snap can draw users to Minis. By offering itself for free, Headspace gets free marketing and exposure to Snap's 200M+ users. For Headspace, it's all about...
This could be the next (mini) App Store... Call it the Snapp Store. Apple takes a 30% cut of paid downloads, in-app purchases, and subs in the App Store. Developers have long complained, but don't really have another choice. Now Snap is offering a platform to ship mini apps, which could later be monetized.
America runs on Dunkin'... But Uber runs on Google Maps. We don't think much about Uber's underlying GPS while drinking out of a plastic bottle and asking for the AUX cord. However, Uber has Google Maps built into it. Without Google, Uber can't direct drivers, give ETAs, and stop you from asking 'how much longer.' That's why:
More like Pool pricing... $58M is a relatively small sum to pay for a service that essentially powers your app. Especially when Uber did $11B in sales in 2018, and Google did $39B (in just the 4th quarter). Sure, Google's happy with billions of riders subconsciously accessing its Maps. However, it turns out Google and Uber's relationship isn't casual (it's complicated):
Big Tech is the "Silent Server" for the digital economy... The true power lies in the utilities you use, but don't necessarily see. Amazon's cloud service, AWS, accounts for nearly 13% of its revenue and also powers the operations of millions of companies from Netflix to Slack to Shell. Google Maps, which runs on Google Cloud, (almost) invisibly powers Uber's operations — and it's expected to deliver Google nearly $5B this year. Tech giants' servers perform essential computing for the apps you love. So they can charge rent that you don't see, but definitely pay for.
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Disclosure: Authors of this Snacks own shares of Uber, Snap, Alphabet, Amazon, and Apple
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