Breaking down the psychology behind why print magazines and new financial products can be contrarian signals
Meta Platforms (NASDAQ: META) held an internal conference on June 30, during which CEO Mark Zuckerberg told employees to brace for impact. Rising competition from short-form video site TikTok has also forced Meta to make adjustments, hurting sales in the near term. One of the significant insights from reports of the meeting was Meta's reduced plans for hiring.
Apple (NASDAQ: AAPL) is spending heavily on its Apple TV+ streaming service. While Apple's series and films have garnered critical acclaim, it's not clear its strategy is paying off to become a profitable service for the tech giant. While Apple hasn't released details on how many consumers are watching Apple TV+, one analyst estimates it has between 20 million and 40 million paid subscribers.