Lows

...and who's down

Snacks / Sunday, October 27, 2019

No rest 'till everyone is Primed... Amazon showed investors it'll do whatever it takes to beat Walmart and Target in the shipping wars — like spending 46% more on shipping so your packages arrive in 1 day instead of the old 2 (that hurt profits last quarter). Then the Trump Administration crowned Microsoft winner of its coveted $10B Defense Department deal — Amazon was in line to win the contract until politics got involved (the President's not a fan of CEO Jeff Bezos).

Hoodie formal... Mark Zuckerberg tossed on a tie and visited Congress to defend Facebook's Libra cryptocurrency. We learned how he's pitching Libra (to help the world's un-banked) and how it'll make money (the ability to "buy with Libra" would let Facebook charge more for ads). Zuck's biggest surprise: He won't launch Libra unless US regulators OK it, which may not happen. Then Friday he unveiled Facebook's new news tab, which finally pays news agencies directly — but only 30M of Facebook's 2.6B users are expected to use it.

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