On Episode 373 of The Waves of Tech, we are diving in deep into the tech headlines. We are exploring the reality of social media backlash as a restaurant in Tucson is forced to permanently close its doors after sharing politically charged statements on Facebook. With an ever growing subscriber base, Netflix is set to spend $6 billion in 2018 for original programming, creating an increase in pricing and a hand full of questions from us. Samsung is the latest electronics firm to invest heavily in online TV, putting them in the conversation as telecom firms continues to tighten up relationships with on-demand service providers. And finally, another telecommunication merger is on the horizon and could spell a small shakeup in the industry. The Waves of Tech is powered by modernlife.network – Modern Issues. Modern Discussions. Enjoy the podcast and continue to ride…The Waves of Tech.
Social Media Backlash – When Politics Shut Your Restaurant Down
Cup It Up American Grill in Tucson, Arizona was forced to close its doors after a politically charged statement was posted by their owners on Facebook. The statement was pro-Trump and included the statement, “If you disagree with this post, please share it with 100 friends and we won’t be expecting you anytime soon!”
- Backlash toward business based on political position is a real thing in 2017
- Ask yourself, is your business closing worth a few minutes of taking a political stance?
- Whether you are right/left leaning, use caution when sharing personal views in business
- All social media accounts were deleted, employees quit, and the eatery closed down
Netflix Subscribers Rise as $6 Billion is Poured Into Original Content & Programming
Over the past ten years, Netflix has revolutionized the on-demand video business. To some degree, they are responsible for the closing of thousands of brick-and-mortar videos stores and are now partnered with telecom companies as part of their smartphone package. As they become a full fledged entertainment company, what do that mean for you and I…
- Another 5.3 million subscribers internationally was reported this week
- Another round of original programming is scheduled at the cost of $6 billion in 2018
- There is an expectation to spend $8 billion in the 2019, raising several questions
- How much more will subscription cost and is this a sustainable model?
EBay – What’s on the Horizon for the Online Marketplace
Since the rise and dominance of Amazon and sites such as Etsy, The Real Real, and Poshmark, EBay’s glory days have fallen to the wayside. With a new CEO in place and a new vision for the future, EBay looks to regain it’s position in the online retail space and increase their 171 million active user base.
- It’s dedicated to remaining an online marketplace, hosting 1.1 billion items currently
- They still struggle with the consumer perception of auctioning and bidding for items
- With 20 million sellers around the world, there is still a place for EBay in retail
- The new crop of Millennials and the aging Gen X community may help with growth
Samsung Invests $5 Million in Pluto TV & Online TV
We are familiar with Samsung as a smartphone manufacturer, but they are also very well known for their televisions, kitchen appliances, and more. They enter the online TV space with an investment in Pluto TV, the largest ad supported service providing 100 channels to their users. This plays timely into the current trends in telecom and on-demand.
- The investment allows Samsung to package a TV service with it phones services
- Telecom firms continues to tighten up relationships with on-demand service providers
- Samsun & Pluto TV is a great marriage, but is also very timely given the marketplace
- Samsung is one the largest electronics companies to get into the online TV business
What if I Told You…Another Telecom Merger is on the Horizon
Would probably say, “I’m not surprised. Who is it this time and how soon is this happening?” Just hitting the headlines this week is talks of a potential merger of T-Mobile and Sprint. As these two companies battle for market share and dominance in the competitive telecom industry, their synergy could pay off.
- Both firms are working with regulators to settle any potential issues before filing
- The combined user base would be upwards of 130 million, still behind AT&T and Verizon
- The main question – why is this merger good for the USA-based consumer?
- 5G wireless technology may be the focus of T-Mobile and Sprint