Roku has been one of the most successful streaming sites as of 2019 with an over 370% aggregate growth
Roku is growing at a faster rate than Netflix did during this stage of their respective development
streaming business is growing faster than Netflix was at a similar
stage in the company’s life, according to analysts at William Blair.
The firm said it expects Roku to reach 80 million active accounts by 2025.
“In our view, Roku will experience similar phased stages of
international growth as Netflix did during its international expansion,”
analyst Ralph Schackart said in a note to clients Tuesday.
Shares of Roku, which sells its own streaming devices with thousands
of channels and also provides an operating system for smart TVs, have
been on a tear this year, climbing nearly 370% since January.
Earlier this month, Roku topped expectations on its second-quarter
earnings and said it reached 30.5 million active users during the
quarter, up 39% from the same period last year and 1.4 million more than
it had in the prior period. Schackart said Roku’s active account growth
is tracking ahead of Netflix at parallel stage.
Purdue Pharma LP, Cephalon INC, Johnson and Johnson, Janssen
Pharmaceutica Inc are among the company names listed in a case brought
by the State of Okhlahoma.
State claims public nuisance by entities in relation to rising sales and statistics in opioid drug us
Defendants ordered to implement an nuisance abatement plan for one year at an estimated cost of over 1/2 billion dollars.
The companies did not issue any counter-claims but sought to argue that the State failed to meet its burden of proof.
On August 26, 2019, an Okhlahoma Judge issued judgment in a matter subsequent to a jury trial that lasted over 33 days.
The State of Okhlahoma brought a case against several pharmaceutical
entites accusing them of being the significant contributors and
therefore the ones who have created a “public nuisance” in the form of
rising opioid drug use.
In summary, the State provided direct witness testimony and
statistics to show the growing scourge of opioid use. The State directly
accused the entities of utilizing false marketing and advertising
techniques to promote the sale and use of opioids.
The Judge found that the Defendants have in fact committed these acts
and that the said acts have caused harm to the populace of Okhlahoma
Jawdropworthy news attempted to contact several of these entites for questions on whether they thought the judgment was fair but all have thus far declined to comment.
Jack Ma, Alibab’s Chairman announced his retirement on Tuesday 9th
September, 2019. He indicated in a public press conference that he would
be dedicating his time to philantrophy and rural education.
Jack Ma grew up poor in communist China, failed his
university-entrance exam twice, and was rejected from dozens of jobs,
including one at KFC, before finding success with his third internet
Today AliBaba is a successful e-commerce venture with suppliers and
sellers plying their trade to an ever-growing customer base. The
business has a networth of over USD400 billion dollars.
But this isn’t the end
It is likely that Ma will continue to play a pivotal role in the
business future. Ma remains a founding partner and one of several
others responsible for controlling the licenses which govern the
Alipay faces certain fierce competition and
it is likely it will continue to do so especially if its competitors
smell a drop in leadership. Ma will likely continue in his role with
Alipay which governs most of the site digital payment systems.
is noteworthy that Ma (born 1964) is still relatively young and will
likely be spending his time in other business ventures as well. The
general ethos is that he is unlikely to be considered out of the game.
attempted to contact a representative of Alipay for comment on the
business future and competitor ‘wechat’ but have thus far been unable to
acquire comment on the issue.
Feudal or counter capitalism. This
is the notion of having a single entity propped up to gain market
control, restrict resources and monopolise gains to the benefit of
investors. How it works? Every so often major capitals and
banks would select an emerging market whether it be oil, manufacturing
(in the past) and now tech etc. They then select the company they
believe has the best model and likelihood of success and pump copious
amounts of capital into it. These initial investors are often prepared
for delayed gratification and ofcourse not all funds come from
As this one business now has capital and resources it can engage
in extreme practices whether these be buying out competitors, real
estate blocking, licensing, marketing or simply price wars that smaller
companies cannot compete with.
The business gains control and eventually can be worth billions.
It can then go public allowing ita initial investors to now realise the
benefits of their investment. Previously this took 15 to 20 years or
more. However, in a digital age with amazon, google and tech giants
leading the charge of the wealthy. This time period can be circumvented.
But there are major drawbacks as softbank recently realised with wework
and uber. Both these companies received millions in funding from
softbank. Uber’s IPO was hardly encouraging whilst wework postponed
their own, removed their co founder and ceo, Adam Neumann and are
basically both bleeding cash.
Investors have realised that the online and tech world means
fast money but unless there is someway to foster longevity as with
google and amazon they would lose momentum for one simple reason…hype
never lasts. Oracle ceo has described both wework and uber as
nothing but glorified shells of what was already existing…co working
spaces and taxi services. This isnt gold or property and wont always be
here or be able to survive competition. Its possibly why many tech billionaires now have serious investments in real estate, gold and other business.