Lows

...and who's down

Monday, April 27, 2020 by Robinhood Snacks | Disclosures
  • Just call it the "Zoom Killer"... Zoom's got a new problem (and it's not privacy-related). Facebook just unveiled a video-conference service: Messenger Rooms. FB's Zoom bomb is free and allows meetings of up to 50 people with no time limit — Zoom's free version has a 40 min max. Oh, and Messenger Rooms also features AI-enabled 360-degree virtual backgrounds. Zoom stock has plunged nearly 12% since the announcement Friday.

  • So many Ts, so little time... AT&T has a lot going on: it's juggling CNN, HBO, TBS, Warner Bros, DirecTV, and AT&T wireless. It's also dealing with a triple corona-conomy whammy that soured its latest earnings (not pretty). AT&T's cable biz lost 1M customers just last quarter thanks to cord-cutting (cough, no live sports). It's also losing money on ad sales and cancelled TV/movie production. Oh, and its CEO just announced he's stepping down.