Trading at $64.01.
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MNRL: up 3%; up almost 50 cents; breaks through $17.
Alphabet, re-posting from earlier today --
GOOG: smashes sales records. The "big story": Google owns YouTube. Some factoids and data points:
- YouTube has no -- repeat, YouTube has no -- competitor (if you doubt me, tell me its "straight up" competitor
- in 2019, YouTube generated over $15 billion in revenues from advertising alone
- YouTube is now owned by Alphabet (GOOG); Alphabet's deep pockets can take YouTube "to infinity and beyond"
- YouTube is becoming a VOD streaming service that will compete / is competing with Hulu, Roku, etc.
- when deciding which streaming service to go, May and I had four choices: Hulu, Netflix, Roku, and YouTube
- I was leaning toward YouTube; May wanted Hulu
- we have Hulu -- for a whole lot less than what Spectrum was costing us
- YouTube is now the fastest growing segment of Alphabet
- this makes it easy to see how Congress cold break up these big tech companies; see next entry
Congressional hearings: tech companies -
- nothing on anti-trust; nothing to suggest any Congressional interest in breaking up the big tech companies;
- follow the money
- Congress seemed to be somewhat interested in "privacy"
- otherwise, seems to be a non-event
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