Thursday☕️
Trending:
- Meta Platforms EU Subscriptions
- BlackBerry's Cybersecurity Business
Markets:
- Yesterday's U.S. stock market:
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- Yesterday's crypto market:
Meta Platforms EU Subscriptions:
- Meta is gearing up to introduce paid subscriptions for Instagram and Facebook to its European Union users. About 98% of Meta's revenue comes from targeted ads. However, since the EU's introduction of a significant digital privacy regulation in 2018, ad targeting within the EU has become challenging for Meta.
- This complexity heightened after a recent EU court decision that necessitates user consent for targeted ads. To adapt, Meta is set to launch subscription options: $14/month for an ad-free Instagram experience and $17/month to access both Instagram and Facebook without ads.
BlackBerry's Cybersecurity Business:
- BlackBerry revealed plans to separate its Internet of Things (IoT) and cybersecurity business, aiming for a seperate initial public offering next year. This move aligns with other corporations like Intel that are dividing their branches to optimize corporate structure. Notably, Kellogg Co, Johnson & Johnson, and General Electric have also made similar spin-offs recently.
- CEO John Chen commented that this restructure would enhance the agility and focus of both industries in addressing the evolving market demands. Post-announcement, BlackBerry's U.S. shares surged by over 4%. Earlier this year, BlackBerry had hinted at potential strategic shifts, including possible business separations.
- The firm exited the smartphone market last year, looking to offload its mobile device patents. Once known for its business smartphones in the 2000s, BlackBerry reported a decline in revenue to $132 million in its recent quarterly update, with IoT and cybersecurity earnings at $49 million and $79 million.
Statistic:
- Largest defense contractors by market cap:
- 🇺🇸 Honeywell: $121.17B
- 🇺🇸 Raytheon Technologies: $102.06B
- 🇺🇸 Lockheed Martin: $101.06B
- 🇫🇷 Safran: $64.62B
- 🇺🇸 Northrop Grumman: $63.89B
- 🇺🇸 General Dynamics: $59.88B
- 🇬🇧 BAE Systems: $35.96B
- 🇺🇸 L3Harris Technologies: $30.97B
- 🇫🇷 Thales: $28.54B
- 🇮🇳 Hindustan Aeronautics: $15.40B
- 🇫🇷 Dassault Aviation: $14.52B
- 🇮🇳 Bharat Electronics: $12.20B
- 🇩🇪 Rheinmetall: $10.69B
- 🇮🇱 Elbit Systems: $9.13B
- 🇮🇹 Leonardo: $8.06B
- 🇺🇸 Huntington Ingalls Industries: $8.03B
- 🇳🇴 Kongsberg Gruppen: $7.15B
- 🇹🇷 Aselsan: $6.76B
- 🇸🇪 SAAB AB: $6.38B
- 🇺🇸 Leonardo DRS: $4.26B
- 🇩🇪 Hensoldt: $2.82B
- 🇺🇸 AeroVironment: $2.81B
- 🇪🇸 Indra Sistemas: $2.40B
- 🇬🇧 QinetiQ: $2.24B
- 🇮🇳 Bharat Dynamics: $2.15B
- 🇺🇸 Mercury Systems: $2.14B
- 🇺🇸 Kratos Defense & Security Solutions: $1.89B
- 🇺🇸 V2X: $1.61B
- 🇺🇸 Sturm, Ruger & Co: $0.92B
- 🇺🇸 VSE Corporation: $0.84B
Article Links:
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