Internet income – SBS Internet Solutions http://www.sbs-internetsolutions.com/ Mon, 08 Aug 2022 13:37:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://www.sbs-internetsolutions.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Internet income – SBS Internet Solutions http://www.sbs-internetsolutions.com/ 32 32 Voting access in Milwaukee County jail in question http://www.sbs-internetsolutions.com/voting-access-in-milwaukee-county-jail-in-question/ Mon, 08 Aug 2022 11:50:24 +0000 http://www.sbs-internetsolutions.com/voting-access-in-milwaukee-county-jail-in-question/ Ahead of Tuesday’s primary and November’s general election, voting access is a growing concern in Wisconsin, especially as new policies restrict the use of mail-in ballots and ballot boxes. Access to ballots is also a concern at county jails, including in Milwaukee, the state’s largest city. Linea Sundstrom, an organizer for the Milwaukee-based voter advocacy […]]]>

Ahead of Tuesday’s primary and November’s general election, voting access is a growing concern in Wisconsin, especially as new policies restrict the use of mail-in ballots and ballot boxes. Access to ballots is also a concern at county jails, including in Milwaukee, the state’s largest city.

Linea Sundstrom, an organizer for the Milwaukee-based voter advocacy group Supermarket Legends, believes that those incarcerated are among the most marginalized voters. “For many people who have never been in prison, having no access to your own property and no access to telephones or the internet and the normal US mail process is an almost unimaginable concept,” Sundstrom said in Wisconsin. Examine. “We don’t see the obstacles because we’ve never encountered them.”

A Milwaukee County Sheriff’s vehicle parked under a bridge. (Picture | Isiah Holmes)

Many people don’t realize that residents of county jails are often on remand. Not all have a history of felony convictions or face new felony charges that make them ineligible to vote. “And there is an idea that people who are in prison are not good people,” Sundstrom said. “But the reality is that people end up in prison for many reasons: mental illness, inability to pay bills or fines, or just being in the wrong place at the wrong time. Most people think that it can never happen to them, so they don’t develop empathy about it.

However, being incarcerated in a county jail does not eliminate one’s right to vote. James Burnett, director of public affairs and community engagement at MCSO, told the Wisconsin Examiner that 11-inch by 17-inch laminated posters detailing upcoming registration and voting deadlines for the August primary elections and November were hung in each apartment. Burnett also provided a copy of MCSO’s inmate voting policy.

610_Inmate_Voting_Issued 050620 (1) (1)

Sundstrom had a copy of the policy, although it was undated. She points out that even though the policy states that residents are informed of the vote during the reservation process, this detail can be overlooked.

“At that point, the person’s mind is on other things,” Sundstrom said. “And some residents come from families [or] circles where the vote just isn’t on the map. Problems can also arise when the time comes to inform residents that an election is coming up. “Many voters don’t hear or read much about the spring election in particular, which is one of the factors behind the low turnout at the time. It’s even harder when you’re behind bars. And some prison residents don’t know they’re allowed to vote if they haven’t been convicted of a crime. Internet access, or lack of ID, can also frustrate prison residents who want to vote. What about registering to vote, which requires proof of address? Prison residents may attempt to satisfy this by providing admission papers, which are government documents and not representative of the person’s actual address.

The poster hung in each accommodation to explain the right to vote of the residents of the prison.  (Picture | Isiah Holmes)
The poster hung in each accommodation to explain the right to vote of the residents of the prison. (Picture | Isiah Holmes)

“So let’s say the voter has made it through all of that and has mail-in voting,” Sundstrom continued. “TO [the House of Corrections], they can fill it out, have it witnessed by an appropriate witness, and mail it back to the correct clerk’s office. Success!” At facilities that photocopy all mail, mail-in ballots would not be the originals and therefore invalid. the primary on Aug. 9. Denita Ball, who is currently deputy leader of the MCSO, did not respond, but her opponents did.

Candidates Brian Barkow and Thomas Beal agreed that more needed to be done to increase access to voting in prison. While Beal is currently a captain at MCSO, Barkow is an inspector and commander of the bureau’s Office of Investigative Services. “As far as voting access for people in custody,” Beal told the Wisconsin Examiner, “there are currently policies and procedures in place in the prison. However, it seems to be very clear that they are not tracked.

Brian Barkow with his family.  (Photo | Brian Barkow for Milwaukee County Sheriff)
Brian Barkow with his family. (Photo | Brian Barkow for Milwaukee County Sheriff)

Barkow expressed appreciation for the specialized training provided to prison corrections officers to ensure residents have mail-in ballots. This access is crucial, because “prison cannot legally be considered a place of residence for in-person voting, so postal voting is the only way to vote there.” Barkow added, “That said, we can always do more to bring the community in and expand volunteer access to the prison for the purpose of non-partisan voter outreach.”

Beal and Barkow pointed out that many residents of the prison are on remand and still have the right to vote. Both candidates expressed their commitment to raising voting awareness within the establishment. “I am committed to working with organizations such as the League of Women Voters (and other community organizations) to ensure that complete information about voting rights is provided to every eligible voter in the prison,” Barkow said, adding that he wanted to increase internet voting through the prison tablet program. Sundstrom also highlighted the work of the League of Women Voters in Milwaukee and Chippewa counties.

Beal told the Wisconsin Examiner, “Once you’re labeled ‘detained,’ I guess a lot of people believe they lose a lot of their rights. But exactly what I said earlier in law enforcement, being the sheriff of Milwaukee County, I have to protect everyone’s rights. And that includes people in custody.

Thomas Beal (Photo | Tom Beal for Milwaukee County Sheriff)
Thomas Beal (Photo | Tom Beal for Milwaukee County)

The three candidates are running to replace Sheriff Earnell Lucas, who is resigning. Chronic staffing shortages for correctional officers, mental health workers and other positions have also plagued the prison. The prison’s voting policy, for example, states that a liaison officer must be appointed by the prison commander to assist prison residents who want to vote. By early May, according to the Milwaukee Journal Sentinel, of the prison’s 251 officer positions, 140 had been filled. Jerome Dillard, statewide director of Ex-Incarcerated People Organizing (EXPO), told the Wisconsin Examiner that the group is deeply concerned about voter suppression, among other issues.

“We are calling on the new Milwaukee County Sheriff to provide a voting policy for those in their care that allows ballot access and recognizes the right to vote of pretrial detainees, those who are not currently under supervision for a felony conviction, and anyone eligible to vote,” the group said in a statement. “We also ask that voter registration which has NOT been permitted in the county jail under the current administration be reinstated as soon as possible.” Dillard emphasized that “everyone who can vote should vote and we believe it is the responsibility of the Milwaukee County Sheriff, Jail Administrator and Jail Staff to facilitate this at all costs. Democracy needs everyone.

Voting rights activists and others gather at Midtown Center in Milwaukee on the first day of early voting in July 2022. (Photo | Isiah Holmes)
Voting rights activists and others gather at Midtown Center in Milwaukee on the first day of early voting in July 2022. (Photo | Isiah Holmes)

Sundstrom admits it can be difficult to gauge the impact of voting behind bars on any given election. “There are about 13,000 people in jail in Wisconsin every day, half of whom have never been charged and convicted of anything. I don’t know what that means in a year,” she says. “Data is hard to come by. Yet she notes that black, brown, tribal and low-income communities are disproportionately represented in prisons. Issues that directly affect incarcerated people are debated by the Wisconsin lawmakers recently pushed for a referendum vote on whether the state’s constitution should be amended to create tougher bail laws.

“If one way to disempower these communities is to lock up their members, then one way to empower them is to let those locked up people vote anyway,” says Sundstrom. “On a more abstract level, I hope someone who ‘discovers’ the power of voting in prison will take that discovery with them when they return to their community. I always say that I’m not sure voting is the answer to a community’s challenges, but I’m sure not voting is not the answer. It’s a small piece of empowering you to make things better.

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Amazon sees an opening in upheaval in the infant formula industry http://www.sbs-internetsolutions.com/amazon-sees-an-opening-in-upheaval-in-the-infant-formula-industry/ Sat, 06 Aug 2022 11:00:00 +0000 http://www.sbs-internetsolutions.com/amazon-sees-an-opening-in-upheaval-in-the-infant-formula-industry/ “Formula is the perfect product for Amazon,” said Austin Frerick, deputy director of the Thurmond Arnold Project at Yale University, an antitrust law program. Among other things, he noted that it’s non-perishable and valuable for attracting returning customers — something the company, which currently controls just over 2% of the U.S. grocery market, could use. […]]]>

“Formula is the perfect product for Amazon,” said Austin Frerick, deputy director of the Thurmond Arnold Project at Yale University, an antitrust law program. Among other things, he noted that it’s non-perishable and valuable for attracting returning customers — something the company, which currently controls just over 2% of the U.S. grocery market, could use. “I think they want a bigger food game and more of your food dollar,” Frerick added. “Because that’s what Walmart offers. You can buy your DVDs, books and TVs on Amazon but on your deodorant you will go to Walmart.

Amazon, however, faces growing mistrust in Washington, where there are widespread concerns about its alleged anti-competitive behavior, and among food safety experts, who cite the challenges of monitoring third-party vendors on its platform. form.

“Amazon has historically been slow to remove recalled food products from its entire platform, which creates a significant risk to consumers,” said Brian Ronholm, former deputy assistant secretary for food safety at the USDA under the Obama administration.

“We have developed industry-leading tools to prevent unsafe or non-compliant products from being listed in our stores and to remove products that do not meet our standards,” an Amazon spokesperson said in a statement. “We have clear infant formula policies and require vendors of infant formula to submit documentation that reflects compliance with applicable regulations and requirements. When we become aware of a product recall, we immediately remove all affected products from our store and notify customers directly via email. »

The baby formula shortage that erupted into the public consciousness this spring has shed light on the small handful of manufacturers who control more than 90% of the US infant formula market – and how strict government regulations have helped them. to maintain this dominance. And it has prompted the federal government to re-examine many of these restrictions, including limits on the use of federal nutritional benefits to buy formula milk online, as well as food safety regulations that for decades have prevented most foreign infant formula to enter the US market.

This could give online platforms like Amazon, which is already a major infant formula retailer, the ability to sell a wider range of infant formula to more American consumers. Instacart, which provides infant formula among other groceries, also disclosed lobbying on infant formula issues in its latest federal disclosure, noting that it has met with officials from USDA, the White House and the Centers for Medicare and Medicaid Services. The company also listed federal nutrition programs as lobbying topics.

Amazon, which is among the top lobbying spenders in Washington, certainly weighs in on his view.

As formula shortages turned into a political crisis for President Joe Biden in May, Food and Drug Administration Commissioner Robert Califf met with Douglas Herrington, a senior Amazon executive who has since taken over as as CEO of WorldWide Amazon stores, according to Califf’s public calendar.

FDA spokeswoman Janell Goodwin said the meeting was one of many Califf and Deputy Food Policy and Response Commissioner Frank Yiannas have held with retailers, manufacturers and of stakeholders “to discuss the supply of infant formula as part of the FDA’s practical approach to responding”. disruption of the infant formula supply chain.

Other Amazon officials and insider lobbyists also met with FDA and White House officials during the formula crisis this spring. According to two people familiar with the conversation, company officials encouraged the federal government to tap into Amazon’s massive distribution networks to speed delivery of the formula to desperate consumers. The White House and the FDA ultimately prioritized physical stores over Amazon.com for distribution.

Amazon officials felt the White House didn’t want to give the impression it was prioritizing the online retail giant, according to a person familiar with the conversations. The company has had sometimes contentious relationships with the Biden administration and progressive Democrats in Congress. A White House official, who was not authorized to speak publicly, said the reason was simpler. “They can’t take the WIC,” the official said, referring to the federal nutrition program for low-income mothers and babies, which is used to buy about half of all infant formula consumed in the country. .

Indeed, from now on, WIC benefits cannot be used to buy food online – restrictions that have proven to be a major headache for the administration as it tries to resolve the crisis. formulas. The federal government has worked to change that in recent years, including modernizing the 1980s payment system for WIC as well as the Supplemental Nutrition Assistance Program, known as SNAP, which provides assistance federal food to more than 40 million Americans.

In 2019, the Biden administration launched a pilot program allowing SNAP recipients to use their benefits on Amazon.com as well as Walmart.com. Now they are in the early stages of evaluating similar changes to WIC, potentially opening another billion-dollar pot. In total, the USDA budget for nutrition, which covers WIC and SNAP, is over $130 billion annually. Federal officials and congressional aides say modernizing federal nutrition programs online is the next big regulatory and legislative fight facing the food industry.

Two people familiar with the conversations between Amazon and White House officials confirm they discussed expanding SNAP’s online access.

“We regularly meet with a wide range of stakeholders, including industry, as part of our commitment to hear all ideas and explore all options to better meet the needs of the American people,” the press secretary said. White House Deputy Abdullah Hasan.

Amazon officials say their expansion into food markets and federal nutrition programs have provided US consumers with better access to products. But some lawmakers, nutrition advocates and food safety experts warn its expansion comes with downsides, including worries about internet and other access issues in poor rural and urban areas.

“Amazon presents itself as being an answer for underserved rural communities, but it’s also sometimes a fantasy because there are many, many rural communities they don’t distribute to,” said a consultant who works on issues of nutrition and agriculture in DC” And if something goes wrong in their supply chain, you suddenly have millions of people who aren’t getting the basics they need.

Legislators including House Education and Labor Chair Bobby Scott (D-Va.), have meanwhile raised concerns about price gouging by third-party sellers on Amazon and other online platforms during the formula crisis, urging the FTC to crack down.

“We continuously compare the prices submitted by our selling partners with current and historical prices inside and outside our store to determine if the prices are fair,” the Amazon spokesperson said in a statement. “If we identify a price that violates our policy, we remove the offer and take appropriate action with the seller.”

Amazon has also become a more general target for those on the left concerned about industry consolidation and the dominance of a handful of online tech companies — a group that includes several top Biden administration officials. The president himself argued with Amazon founder Jeff Bezos on Twitter this spring over tax policy and inflation. Despite the sometimes strained relationship, some Biden administration officials have suggested that Amazon will continue to be a major player as the federal government tries to bring more federal nutrition programs online.

“I’m sure they have everything to gain,” a second White House official, who was not authorized to speak publicly on the matter, said of Amazon. “But what is the trade-off really here, if it means a low-income mother may have better or easier options?”

Daniel Lippman contributed to this report.

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3 takeaways from T-Mobile’s second quarter earnings http://www.sbs-internetsolutions.com/3-takeaways-from-t-mobiles-second-quarter-earnings/ Sat, 30 Jul 2022 12:08:00 +0000 http://www.sbs-internetsolutions.com/3-takeaways-from-t-mobiles-second-quarter-earnings/ T-Mobile (NASDAQ: TMUS) continues to execute its merger with Sprint, and its second quarter results showed excellent progress. While the company fell short of Wall Street’s revenue and earnings estimates, its net subscriber additions were better than expected. Here are three big takeaways from the mobile operator’s revenue report. Drop in postpaid phone churn T-Mobile’s […]]]>

T-Mobile (NASDAQ: TMUS) continues to execute its merger with Sprint, and its second quarter results showed excellent progress. While the company fell short of Wall Street’s revenue and earnings estimates, its net subscriber additions were better than expected. Here are three big takeaways from the mobile operator’s revenue report.

Drop in postpaid phone churn

T-Mobile’s biggest rivals in wireless, AT&T (NYSE:T) and Verizon Communications (NYSE:VZ), both reported a year-over-year increase in subscriber churn in the second quarter. Not T-Mobile.

T-Mobile saw its postpaid phone churn drop 7 basis points to 0.80%. That number is actually lower than Verizon’s last quarter, which posted a churn rate of 0.81%. Verizon has always been the industry leader, but fell to last place in the second quarter.

It’s no surprise that churn has increased among T-Mobile’s rivals. AT&T and Verizon both instituted price increases in the second quarter. T-Mobile criticized other carriers for the move in a marketing game aimed at enticing customers to switch to its service.

Lower churn at T-Mobile led to higher net additions. The company added 1.7 million postpaid customers, including 723,000 postpaid telephony customers. That’s significantly better than Verizon’s 514,000 net postpaid adds (12,000 phones). While AT&T’s total postpaid additions topped 1.06 million, Verizon added a few postpaid phone customers. (AT&T added 813,000.)

Huge Broadband Gains

Part of T-Mobile’s 5G strategy is to offer fixed wireless home internet service in markets where it has excess 5G network capacity. Last quarter, it added 560,000 net new customers, which will likely turn out to be the industry leader.

T-Mobile ended the second quarter with more than 1.5 million home Internet subscribers, on track to hit its goal of 7 to 8 million subscribers by 2025. Although that number seemed aggressive when T-Mobile first announced it, if it can continue to deliver results like it did last quarter, the company will exceed that target.

For reference, Verizon added 268,000 broadband subscribers, including 256,000 fixed wireless subscribers using its wireless network for home Internet. AT&T lost a total of 25,000 customers as its fiber build added customers, but it lost legacy home internet connections.

T-Mobile’s home Internet service additions are part of its strategy to increase revenue per account and strengthen its service. If you bundle home internet with your wireless service, it’s much harder to cancel. It’s a strategy his rivals have been able to employ for years.

One-time charges are in the rearview mirror

T-Mobile produced a net loss of $108 million last quarter. But make no mistake, the company is doing well. A few one-time charges reduced net income by $877 million.

First, it incurred a $477 million impairment charge on its wireline assets, which it acquired in the merger with Sprint. When T-Mobile shut down the Sprint wireless network, these wireline assets no longer supported the wireless business, and so T-Mobile decided to depreciate the assets.

The remaining $400 million comes from a settlement the company reached over its cybersecurity breach last summer.

T-Mobile continues to face costs related to the merger with Sprint, which totaled $1.67 billion last quarter, but those costs are expected to come down quickly. It expects to complete the dismantling of old Sprint network sites by the end of the third quarter, well ahead of its original schedule. As such, he believes merger-related spending peaked last quarter and will decline significantly in the fourth quarter.

Meanwhile, T-Mobile’s outlook for the rest of the year continues to improve. It raised its expectations for net postpaid subscriber additions, EBITDA and free cash flow. This is in stark contrast to the cash flow issues that AT&T warned of in its earnings call.

Overall, T-Mobile emerged from the quarter stronger than ever and performing well on all fronts. Investors should be very encouraged by the results.

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Editorial Summary: West Virginia http://www.sbs-internetsolutions.com/editorial-summary-west-virginia/ Thu, 28 Jul 2022 20:37:00 +0000 http://www.sbs-internetsolutions.com/editorial-summary-west-virginia/ Bluefield Daily Telegraph. July 23, 2022. Editorial: Black Lung Benefits: Lawmakers Reintroduce Important Measure Area lawmakers, including U.S. Sen. Joe Manchin, DW.Va., U.S. Sen. Tim Kaine, D-Va., and U.S. Sen. Mark Warner, D-Va., reintroduced the Black Lung Benefits Improvement Act, an important federal measure that aims to ensure that miners who have suffered from black […]]]>

Bluefield Daily Telegraph. July 23, 2022.

Editorial: Black Lung Benefits: Lawmakers Reintroduce Important Measure

Area lawmakers, including U.S. Sen. Joe Manchin, DW.Va., U.S. Sen. Tim Kaine, D-Va., and U.S. Sen. Mark Warner, D-Va., reintroduced the Black Lung Benefits Improvement Act, an important federal measure that aims to ensure that miners who have suffered from black lung disease and their survivors can access the benefits they need and deserve.

Manchin, Kaine and Warner joined U.S. Senator Bob Casey, D-Pa. and U.S. Senator Sherrod Brown, D-Ohio, in reintroducing the measure last week. The bill aims to improve the existing black lung benefits program for miners and their survivors by increasing access to legal representation, protecting financial compensation against inflation and bankruptcy of self-insured coal companies. and reducing wait times for processing claims.

political cartoons

The measure deserves bipartisan support and passage.

Congress established the Black Lung Benefits Act in conjunction with the Federal Coal Mine Health and Safety Act of 1969 to provide monthly compensation and medical coverage to coal miners who developed severe disabilities from black lung disease. The new measure backed by Manchin, Kaine and Warner expands and enhances the existing program to ensure the federal government meets its commitment to the nation’s coal miners, according to the three lawmakers. The measure has been endorsed by several miner advocacy groups, including United Mine Workers of America, Appalachian Citizens’ Law Center, BlueGreen Alliance and Appalachian Voices.

“For generations our brave coal miners have risked their lives and health to propel our nation to greatness and as a result many of our miners suffer from black lung disease,” Manchin said. “After their enormous sacrifices, they have won the life-saving treatment and medical attention they need.”

“Virginia miners have helped fuel this nation for generations, risking their health and often developing fatal black lung disease on the job,” Kaine added. “As a result of their sacrifice, they earned benefits to help them fight this debilitating disease. This legislation will make it easier for minors and their family members to receive these benefits in a fair and timely manner.

“Every day, coal miners in Virginia put their health at risk to fuel our country,” Warner said. “We owe it to those battling black lung disease as a result of their years of work to ensure they receive the medical care they deserve.”

Manchin, Warner and Kaine are right.

These retired coal miners who worked deep underground to help fuel our nation deserve more than their perks. The Black Lung Benefits Improvement Act would help achieve this goal. It deserves full consideration and support from Congress.

Parkersburg News and Sentinel. July 23, 2022.

Editorial: Tax Rates: West Virginia Lawmakers Should Consider Cut Proposal

On Monday, West Virginia lawmakers will meet in a special session to discuss Governor Jim Justice’s proposal to cut the personal income tax rate by 10%.

Justice has pleaded in recent years for the elimination of personal income tax.

“I have been the biggest supporter of completely eliminating our personal income tax. It will drive job growth, population growth and prosperity in West Virginia. But the most important thing to do is get started right away,” Justice said. “…Once we get the ball rolling, we can continue to reduce our personal income tax until it’s completely eliminated. When you look at states like Florida, Texas, and Tennessee, they have no personal income tax and their state economies are growing like crazy. There is a direct correlation. People move to states with no income tax because they can keep more of their hard-earned wages, which spur ever greater economic activity. …”

West Virginia is in a strong financial position. The Legislature has done an admirable job over the past few years maintaining the spending line, which when combined with other federal bailout funds has given the state a substantial $1 surplus. .3 billion dollars.

Lower income taxes have certainly been one of the engines of economic and population growth in the states that the governor offers as models.

Even with the 10% income tax cut proposed by Justice, West Virginia will continue to have, in many categories, higher income tax rates than other border states. It would be more reasonable to expect to attract new residents if our tax rates were lower than those of the states from which they leave.

It is high time for the state to find an improved model of population and economic growth. It’s time for bold ideas that will propel the state forward. As the Governor has proposed, eliminating personal income tax could be an important part of getting there, and we encourage lawmakers to start meaningful discussions about it.

The Smart. July 27, 2022.

Editorial: Making sure W.Va. has high-speed internet access

There’s been a lot of talk lately about bringing high-speed internet to people in West Virginia. The West Virginia Department of Economic Development said it is bringing quality high-speed Internet access to hundreds of thousands of homes in the state. US Senator Joe Manchin rightly wants us to have a sense of urgency to get this done – similar to bringing electricity to homes in the 1930s.

It’s a big problem. But according to some studies, West Virginians who have internet access have the slowest internet in the country.

Yeah. We are dead last there too. Our Internet service is on average 49% slower than the national average. Our average download speed is 60.7 Mbps; the national average is 119.0 Mbps. Only 64.3% of Mountain State households have high-speed Internet access; and only 68.6% have a desktop or laptop computer.

According to the latest census data, there are 734,235 households in West Virginia. Public servants who find themselves inundated with federal money to do so cannot act quickly enough to get quality high-speed Internet access to the hundreds of thousands of people who don’t have it. But they also need to make sure businesses are doing well for the rest – some of which are told they have “quality” internet access, but in reality face outages and slowdowns that make it impossible to work or distance learning.

Remember that we are trying to attract and retain employers and residents at a time when quality, reliable high-speed Internet access is truly a necessity. Having, on average, the slowest internet in the country won’t do that.

There is no room for error in fixing this shortfall now.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Alphabet profits fall as growth slows http://www.sbs-internetsolutions.com/alphabet-profits-fall-as-growth-slows/ Tue, 26 Jul 2022 23:34:06 +0000 http://www.sbs-internetsolutions.com/alphabet-profits-fall-as-growth-slows/ In the last quarter, revenue for Alphabet, Google’s parent company, rose 13% to $69.7 billion (RM310.6 billion), with its global search and cloud services reporting most of the money, but that was below analysts’ expectations. ― AFP photo Wednesday July 27, 2022 07:31 MYT SAN FRANCISCO, July 27 ― Alphabet, the parent company of Google, […]]]>

In the last quarter, revenue for Alphabet, Google’s parent company, rose 13% to $69.7 billion (RM310.6 billion), with its global search and cloud services reporting most of the money, but that was below analysts’ expectations. ― AFP photo

Wednesday July 27, 2022 07:31 MYT

SAN FRANCISCO, July 27 ― Alphabet, the parent company of Google, announced yesterday that its profits and revenue fell as the Internet giant’s long runaway growth in advertising revenue slowed, but the market seemed relieved. May the news not be worse.

Big tech companies are grappling with multiple issues, from inflation to the war in Ukraine, and overall results for the quarter have not been great so far.

Alphabet’s revenue in the last quarter rose 13% to $69.7 billion (RM310.6 billion), with its global search and cloud computing services bringing in the bulk of the revenue. money, but that was below analysts’ expectations.

“I think now is a good time to sharpen our focus,” Alphabet’s chief executive Sundar Pichai said in an earnings call. “It’s a chance to digest and make sure we’re working on the right things.”

Alphabet’s net profit fell 13% year-on-year to $16 billion last quarter, but the flow of online ad dollars that fuels the company’s fortunes has slowed as inflation, war and other issues disrupt the global economy.

“Google’s missed results this quarter prove that it is not immune to the challenges facing the digital advertising industry as a whole,” said analyst Evelyn Mitchell.

“Yet, with its huge market share in search advertising, Google is relatively well positioned to weather the choppy waters ahead of us,” she added.

The internet giant’s stock rose about 4.5% in after-hours trading as the market seemed relieved by the results.

Slowdown in hiring

Google was also paying more to acquire online “traffic” from which it makes money, the revenue report showed.

Meanwhile, revenue from ads on video-sharing platform YouTube increased only slightly in the quarter. Google has seen YouTube as a source of growth as people spend more and more time watching videos online.

“In the second quarter, our performance was driven by search and cloud,” Pichai said.

Earnings season got off to a rocky start with less than stellar news from Netflix’s parent company and Snapchat, a decidedly different world to that seen during the pandemic outbreak.

Netflix announced last week that it lost subscribers for the second consecutive quarter as the streaming giant battled fierce competition and tightening viewership belts, but the company assured investors of better days ahead.

The loss of 970,000 paying customers in the last quarter was not as large as expected and left Netflix with just under 221 million subscribers.

The company said in its earnings report that it expects to gain one million paid subscribers in the current quarter.

Meanwhile, the owner of Snapchat last week announced plans to “significantly” slow recruitment after dismal results wiped out some 30% of the tech company’s share price, which is facing challenges. difficulties on several fronts.

Snap said its loss in the last quarter nearly tripled to $422 million, despite a 13% increase in revenue in “tougher” than expected conditions.

In addition to the current troubling economic conditions, analysts pointed to longer-term issues for Google.

“Revenues show they are nearing saturation in their market,” analyst Rob Enderle said.

“Their opportunity to grow will diminish over time.”

According to Insider Intelligence, Google is expected to reap nearly $175 billion in net ad revenue in 2022, or 29% of the global digital ad pie.

Alphabet, which has more than 174,000 employees worldwide, has been recruiting throughout the pandemic but recently announced a slowdown in hiring for the rest of the year.

“While we expect the pace of headcount growth to slow next year, we will continue to hire for critical positions, particularly focused on top technical and engineering talent,” said Chief Financial Officer Ruth Porat.

Many other tech companies have decided to lay off staff, including Netflix and Twitter, or slow the pace of hiring, such as Microsoft and Snap. -AFP

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No sign of recession fears in fixed income markets http://www.sbs-internetsolutions.com/no-sign-of-recession-fears-in-fixed-income-markets/ Mon, 25 Jul 2022 04:14:59 +0000 http://www.sbs-internetsolutions.com/no-sign-of-recession-fears-in-fixed-income-markets/ Erik Norland, CME Group IN ONE LOOK Although it doesn’t meet the technical definition of a recession, a June YouGov poll showed that 58% of Americans believed the economy was already in a slump. Neither of the two fixed-income-based indicators of future economic activity – the yield curve and credit spreads – point to a […]]]>

Erik Norland, CME Group

IN ONE LOOK

  • Although it doesn’t meet the technical definition of a recession, a June YouGov poll showed that 58% of Americans believed the economy was already in a slump.
  • Neither of the two fixed-income-based indicators of future economic activity – the yield curve and credit spreads – point to a near-term recession.

The word recession is popping up more and more frequently in news and internet searches. Google Trends shows searches for the word have jumped 25-fold over the past six months, as a June 20 YouGov poll showed 58% of Americans believed the economy was already in a recession. Only 19% disagreed.


Indeed, with prices rising 9.1% year over year and outpacing wage growth, it may feel like a recession for those who feel their purchasing power is eroding. Even so, it still does not meet the technical definition of a recession, which equates to two consecutive quarters of negative growth. In the first quarter of 2022, GDP fell by 1.6% at an annualized rate compared to the fourth quarter of 2021, but it increased by 3.5% compared to the first quarter of 2021. The reason why the growth of a quarter to the other was negative in the first quarter of 2022 was largely due to lower inventories. , imports increased and government spending fell. Other key sectors, including business investment and personal consumption, continued to grow. Moreover, the drop in inventories in the first quarter may portend a subsequent rebound in the coming quarters, as these inventories may be replenished.

So far in 2022, job growth has remained robust. Other indicators such as purchasing manager surveys show a moderate pace of growth, but this growth remains positive. The Conference Board’s consumer confidence survey shows that Americans assess the current state of the economy quite favorably and that their concerns are mainly about the future.


When it comes to looking at the future of the economy, fixed income investors have one of the best historical track records. There are essentially two fixed income-based indicators of the future direction of economic activity:

1. The yield curve: The difference between long-term and short-term rates can be a useful indicator of where the economy is going in six to 24 months.

2. Credit spreads: The difference between high-yield corporate bonds and US Treasuries of equivalent maturities can be a great indicator of where the economy is going in the coming months.

For now, bond markets are not signaling a recession on the immediate horizon. The yield curve in the United States remains moderately steep. Prior to almost every previous recession, the yield curve inverted, meaning that short-term rates rose above the level of long-term rates. For example, yield curves inverted before the recessions of 1980, 1981-82, 1990, 2001, 2008-09, and 2020.

Although some segments of the yield curve have inverted at various times over the past few months, we have not had a full 3M10Y reversal. However, a yield curve inversion is an imminent possibility, especially if the Fed continues to hike rates aggressively.

At the end of June, the Treasury yield curve still showed 150 basis points (bp) of positive slope. The private sector curve, 10-year swaps minus 3-month LIBOR, is slightly less steep, with a positive slope of 96 basis points at the end of June, and it has a better track record of forecasting accelerations and decelerations in the pace of economic growth.

The main conclusion, however, is that if the Fed raises rates enough to invert the yield curve, it might not imply a near-term recession. In the 20 years from 1999 to 2019, yield curves reached their maximum correlation with future growth about a year and a half to two years into the future. Thus, a yield curve inversion at the end of 2022, if it occurs, might not suggest a high likelihood of a recession before the end of 2024. Finally, there have been times when yield curves have steepened. briefly reversed, but the reversal was not followed by a real slowdown. Thus, the curve may need to remain inverted for several months before the risk of recession really begins to increase.

Second, and perhaps more importantly in the short term, credit spreads are not yet signaling the onset of an economic downturn. Granted, credit spreads have widened as equities have begun to sell off but, at the time of this writing, high yield bonds are trading at yields of around 5.8% relative to equities. Treasury of equivalent maturity. Prior to past recessions, these spreads typically widened to around 6-10% or more on Treasuries and remained there for many months. Brief spikes in spreads occurred in 2011 and 2015 with no subsequent recessions. Such widening of spreads, however, could happen quickly if stocks continue to sell off.


Our US employment model shows that in the 24 years before the pandemic, credit spreads alone explained more than 60% of the monthly variation in nonfarm payrolls. The current spread between high-yield corporate bonds and US Treasuries suggests job growth of around 150,000 per month in the coming months. In our model, credit spreads must widen to more than 7% before monthly employment growth tends to turn negative. Payroll growth of 150,000 a month is much slower payroll growth than in recent months, but with the U.S. economy back close to full employment, that could be close to the limit of what the US economy can handle.

With high inflation, it’s clear that consumers in the United States and many other countries are concerned about the economy. It is important to point out, however, that in 2022 the economy essentially has the opposite problem of what it had after the 2008 financial crisis. At the time, demand was too weak, there was no not enough jobs for everyone and deflation was the major risk. Today the economy is overheating, there is too much money for too few goods and there are more jobs to offer than there are workers to fill them. It is as if the economy has gone from hypothermia in 2009 to a fever in 2022. The challenge for policymakers will be to bring the economic temperature down enough to create a soft landing without reducing it too much and making recession a reality.

Read more articles like this on OpenMarkets

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The last ITR filing date is a public holiday. Key things a taxpayer should know http://www.sbs-internetsolutions.com/the-last-itr-filing-date-is-a-public-holiday-key-things-a-taxpayer-should-know/ Sat, 23 Jul 2022 04:10:46 +0000 http://www.sbs-internetsolutions.com/the-last-itr-filing-date-is-a-public-holiday-key-things-a-taxpayer-should-know/ ITR deposit for AY 2022-23: The due date for filing the income tax return (ITR) for the 2021-22 financial year or the AY 2022-23 is July 31, 2022. People who earn money, who do not file their tax return by the due date indicated, will have to pay a late fee of August 1, 2022 […]]]>

ITR deposit for AY 2022-23: The due date for filing the income tax return (ITR) for the 2021-22 financial year or the AY 2022-23 is July 31, 2022. People who earn money, who do not file their tax return by the due date indicated, will have to pay a late fee of August 1, 2022 for the filing of their computer return. Taxpayers are therefore advised to file their computer declaration on time. However, there is a catch in the latest ITR filing date. July 31 is a Sunday, which will be a public holiday. Thus, taxpayers who do not have a long experience of filing ITRs should not be confused with public holidays and the last ITR filing date, as now a tax return can be filed 24x7x365. However, winners are advised not to wait for the ITR deposit due date.

Advising taxpayers not to confuse public holidays and the last date of ITR filing, Aarti Raote, Partner at Deloitte India, said, “ITR filing is online and can be done at any time, so holidays should no longer be a concern – this was an issue in the days of manual filing.That being said, it’s best not to wait until the last filing date to avoid heavy internet traffic when systems can be blocked.”

Why You Shouldn’t Wait for the ITR Filing Deadline

Advising taxpayers not to wait for the final ITR filing date for YY 2022-23, Sujit Bangar, founder of Taxbuddy.com, said: “As July 31 is a public holiday, this may be problematic. Due to of the heavy load, there are cases of the income tax portal having encountered problems on the last day.” He said that due to public holidays, online banking might not work as smoothly as on weekdays. It is therefore preferable to file the ITR as soon as possible rather than waiting for the latest ITR filing date.”

“The consequences of late filing are very serious. You have to pay a penalty for filing a late return and if there is a loss, it cannot be carried forward. If you pay taxes after July 31, there will be a separate penal interest of 1% per month.. Therefore, it is advisable to file a tax return without further delay,” Bangar said.

The due date for filing the tax return for salaried persons and for non-audited companies is July 31, 2022. There is a buzz about the likely extension or non-extension of this deadline . Many put off deciding whether to file their tax return from day to day. This year, the filing deadline came on Sunday and it is also a public holiday. Many times we face problems paying taxes.

See the tweet from the Income Tax Department below:

Taxpayers may need to visit a bank branch

Jitendra Solanki, SEBI-registered tax and investment expert, said, “A taxpayer can pay income tax through bank challans. go to a bank branch and pay the income tax via the challan.16 of his bank fished or not by net banking, so in this case too, the taxpayer will have to go to his bank branch, so do not wait for the latest ITR filing date.”

Pankaj Mathpal, MD and CEO of Optima Money Managers said, “Even if the due date for filing the RTI had been a business day, I would advise taxpayers to get the bank challan working well ahead of the due date because it takes time to get the bank. chalan number.”

Pankaj Mathpal also advised taxpayers to ensure AIS (Annual Information Summary) as mismatch with AIS may result in income tax notice even after filing your ITR within the time limit for filing of the ITR.

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The world needs a digital lifeline http://www.sbs-internetsolutions.com/the-world-needs-a-digital-lifeline/ Thu, 21 Jul 2022 01:18:16 +0000 http://www.sbs-internetsolutions.com/the-world-needs-a-digital-lifeline/ In times of crisis, digital technologies provide a lifeline that allows people, communities and businesses to function. From the Covid-19 pandemic to violent conflicts and natural disasters, being connected has kept us working, learning and communicating. How policy makers reacted to these emergencies played an important role. In particular, as a new paper from the […]]]>

In times of crisis, digital technologies provide a lifeline that allows people, communities and businesses to function. From the Covid-19 pandemic to violent conflicts and natural disasters, being connected has kept us working, learning and communicating.

How policy makers reacted to these emergencies played an important role. In particular, as a new paper from the World Bank Group’s Development Committee shows, more agile regulation has accelerated digitalization and unleashed innovation. In the current global context of several overlapping crises, this must become the norm. A secure and resilient Internet infrastructure is a fundamental necessity.

During the pandemic, as more and more of our lives were online, internet usage increased worldwide. In 2020, 800 million people went online for the first time and 58 low- and middle-income countries used digital payments to help with Covid-19. To manage this increase, governments and regulators in more than 80 countries quickly changed rules, including those governing the allocation of radio spectrum, the electromagnetic waves used for wireless communications. In Ghana, regulators allocated temporary radio spectrum to networks in high demand, and all mobile service providers were granted permission to extend coverage. This has translated into better service for more than 30 million mobile subscribers, enabling them to ‘go’ to work, learn online and access essential services.

Agile regulations have also helped digital technologies provide critical support to people in fragile and conflict situations. In Ukraine, the presence of a strong Internet connection via satellite links, even when terrestrial infrastructure is under attack, has allowed the government to communicate with its citizens in real time. At the start of the war, it was predicted that bombings and cyberattacks would bring down the internet, but innovations such as satellite connections kept the country online. Here too, the Ukrainian government acted quickly to speed up authorizations and adapt the rules.

But a digital lifeline is only effective if it is protected from cyberattacks, something Ukraine knows well. For many years, the country has been a testing ground for infrastructure strikes. Hackers have carried out waves of attacks that have hit Ukrainian distribution centers, call centers and the power grid.

And it’s not just Ukraine. All countries are vulnerable to these incursions. The United States fell victim to cyberattacks last year that destroyed its largest oil pipeline, leaving many Americans in long lines to fill their gas tanks. And in Africa, Kenyan internet users experienced over 14 million malicious incidents in 2020.

Like cyberattacks, nature can cause damage to communications infrastructure that requires an agile response. A volcanic eruption in January this year plunged the island nation of Tonga into digital darkness. The eruption severed Tonga’s only undersea telecommunications cable and threw the country into 38 days of isolation from the internet and much of the outside world. This crisis has sparked discussions on how to strengthen the network and emergency response systems, so that Tongans are no longer threatened by digital darkness.

To mitigate these vulnerabilities, unleashing digitization must be a top priority, even in times of relative calm. Potentially transformative but rapidly evolving technologies require policymakers to promote funding, regulations, and institutions that make it easier to test new ideas in real life. Some countries are starting to make progress. Kazakhstan is using agile regulation to digitize, decentralize and decarbonize its vitally important energy operations.

Unleashing the potential of digitalization for the masses through well-targeted regulation can also help bridge the digital divide and improve well-being. Recent research has shown that the availability of cheaper Internet access increases employment among low-income households.

Countries like Saint Vincent and the Grenadines and Malaysia offer low-cost plans to poorer users. Digital access is essential for people around the world, especially those in under-connected rural areas, the poor, women and the displaced. In Nigeria and Tanzania, poverty rates fell by seven percentage points in areas with internet connection.

As the world faces multiple emergencies, policymakers must mobilize digital connectivity to improve the daily well-being of the most vulnerable populations. Today, innovation is moving so fast that many leaders, especially in developing countries, are struggling to keep pace and ensure that the benefits of digitalization reach the people who need it. Not needed anymore.

But we shouldn’t need a crisis to accelerate transformation. Now is the time to create a digital lifeline, before the next disaster strikes.

—Project Syndicate

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Ways to Improve Customer Experience in 2022 http://www.sbs-internetsolutions.com/ways-to-improve-customer-experience-in-2022/ Tue, 19 Jul 2022 04:04:03 +0000 http://www.sbs-internetsolutions.com/ways-to-improve-customer-experience-in-2022/ Companies have scrambled to find a way to get their businesses back to normal after the pandemic. And that means trying to find a way to bring sales back up and improve revenue streams again. One of the key elements to improving and maintaining sales tends to be customer support. Customer experience, also known as […]]]>

Companies have scrambled to find a way to get their businesses back to normal after the pandemic. And that means trying to find a way to bring sales back up and improve revenue streams again.

One of the key elements to improving and maintaining sales tends to be customer support. Customer experience, also known as “CX”, is extremely important these days. It generates long-term revenue accounts, customer retention and a stable revenue platform.

Let’s see how your business can focus on improving customer experience in this competitive scenario.

Omnichannel strategy

A major trend in 2022 is the concept of omnichannel customer experience or omnichannel marketing. The approach is to make a sale more than just a transaction; it must be experiential. So rather than trying to sell a product or service, you sell participation in a community.

Whether the approach uses gamification or social media engagement, the goal is to make the customer feel part of something bigger, a movement. This tends to create a crowd movement.

When the audience moves, it does en masse. But don’t forget that the crowd must also be rewarded to stay motivated. So, many companies use online engagement strategies, contests, reward programs, loyalty programs, etc. Customers push each other to do more, and their accomplishments are touted and touted. In the meantime, the company realizes higher sales revenue.

Reach out and chat

Customers like to feel part of a two-way communication relationship. Few people just want to be at the reception. Instead, people want to have a ability continues to connect and reconnect.

One of the very effective tools used by online product sellers is the Ask-Me-Anything or AMA session. Frequently used on sites like Reddit and Discord, it gives people the ability to ask questions, engage, and comment on company direction. Not only do they feel engaged and their voice is heard, but management also has a great opportunity to connect and hear directly from their most ardent customers.

This approach contains the right elements to create retention, and many online businesses have proven its effectiveness in 2022, especially when everyone is still working remotely.

To mix together

Finding ways to combine and modify the customer experience periodically generates excitement among a company’s audience. In-person congregations for going out events, online giveaways, researching and creating community resources such as news websites, and participating in nonprofit charitable campaigns all create versatility.

Not all customers will be attracted to one type of event, so variations of different times and times may work for different personas. Expect to interact with different groups accordingly.

Sure, that all sounds great, but how is it applied in practice? This is where you need to find out about 2022 trends for a better customer experience.

Feel free to experiment with new ideas

Your customers are constantly coming up with new ideas. Because 2020 has provided such an intense online need, being creative has become a gold standard.

Customers are not silent; they’ll share ideas that businesses should try. Many of them won’t make sense or won’t work, but once in a while a real gem can come your way. Experimentation can help your business identify big breakthroughs at a very low cost.

In 2022, customer experience trends are more focused than ever on personal connection. Much of this is achievable in large numbers through internet support. Today, customer connection has transcended all boundaries. Companies must find these channels and adopt new technologies to make these connections profitable.

This is the beginning of the Web 3.0 experience at the fundamental level. Everything else digital will rely on these components that anyone can practice, regardless of company size and industry.


Did you read?
Amor Leadership by Leo Bottary.
Reinventing the future of “sustainable” hospitality with a 2050 mindset.
Living your values ​​as the key to resilient leadership – A conversation with Mike Ward (CEO – IKEA Canada) by Craig Dowden.
How to Build a Leadership Team That Delivers Great Results by Michael Dattoli.
Making Difficult Decisions Easily Based on Value Systems by Rene Pardo.

Follow the latest news live on CEOWORLD magazine and get news updates from the United States and around the world. The opinions expressed are those of the author and not necessarily those of CEOWORLD magazine.


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Is it time for Alphabet to create YouTube TV? http://www.sbs-internetsolutions.com/is-it-time-for-alphabet-to-create-youtube-tv/ Sun, 17 Jul 2022 11:52:00 +0000 http://www.sbs-internetsolutions.com/is-it-time-for-alphabet-to-create-youtube-tv/ OYouTube TV’s ver-the-top (OTT) streaming offering hit the milestone of 5 million subscribers and trial customers, making it one of the most popular non-traditional live TV services in the USA. Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG)Five-year-old YouTube TV has differentiated itself from the competition with unique features like cloud-based DVR, real-time stats for live sports, and more. Now […]]]>

OYouTube TV’s ver-the-top (OTT) streaming offering hit the milestone of 5 million subscribers and trial customers, making it one of the most popular non-traditional live TV services in the USA. Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG)Five-year-old YouTube TV has differentiated itself from the competition with unique features like cloud-based DVR, real-time stats for live sports, and more.

Now that more and more people are cutting the cord and switching to Internet TV, here’s why it might be a good time for Alphabet to release YouTube TV as a standalone operation.

Image source: Getty Images.

YouTube TV succeeded where Google Fiber failed

YouTube TV isn’t Alphabet’s first foray into live TV. That (somewhat ignominious) honor goes to Google Fiber, the cable service company that was first announced in 2010 with bold ambitions to shake up the industry. Google Fiber has promised to install fiber optic networks in communities across the United States, providing homes and businesses with fast gigabit connections capable of handling a multitude of operations, including live broadcast TV stations on the Internet. Of course, this still required cable-like hardware, but this infrastructure was designed to handle the demands of data-intensive high-definition video streams.

Over a decade later, Google Fiber has never really taken off. While the company has established itself in a handful of markets across the country, several missteps have marred the rollout. Needless to say, Google Fiber’s TV subscription business hasn’t reached significant numbers, and the company has stopped taking new TV subscriptions in 2020, offering customers YouTube TV or rival fuboTV In place.

Of course, rather than dismissing Google Fiber’s TV ambitions as a failure, perhaps a more generous read is that it had to work for YouTube TV to work. After all, from the start, YouTube TV avoided the need for specialized equipment – all a viewer needed was an internet connection and a smart TV, PC or mobile device.

Cord cutting escalates

While 5 million YouTube TV viewers is a notable number, it pales in comparison to the volume of consumers still paying for cable TV. According to the Leichtman Research Group, the seven major US cable companies, including Cox and Comcast — have 40.5 million combined subscribers. However, the research team also indicates that these companies collectively lost around 825,000 TV customers in the first quarter of 2022, compared to 780,000 for the same period a year earlier.

While it’s possible that many of those who left traditional cable simply gave up live TV for good, it’s also possible that many migrated to OTT services like YouTube TV and its ilk. Indeed, while netflix or HBO Max (part of Discovery of Warner Bros.) are useful for binging broadcasts, viewers should always look elsewhere to watch live sports and other similar event broadcasts. And as YouTube TV has shown over the past half-decade, it appears to be well positioned to capitalize on this growing market.

Choose the right time

Given that cable players still make up the majority of the live TV market, cynics might argue that now is not the time for YouTube TV to go out on its own. And considering that right now YouTube TV is financially backed by Alphabet — plus cross-promotion from YouTube proper — the unit is somewhat insulated from the buying power of the cable companies that view it as a threat. Still, if not now, when?

Consider the possibility that live TV trends will continue on their current trajectory and that in five years YouTube TV will not only be one of the biggest OTT brands, but also one of the biggest players in streaming services. television, period. Would that put Alphabet in a difficult position with US lawmakers? After all, many are already calling for big tech companies to break up due to their dominance over multiple industries. Independent YouTube TV, rolling out now while remaining a relative minnow, could be one less target on Alphabet’s back in the future.

It will be interesting to see where YouTube TV goes next. As mentioned, the division introduced some truly innovative features, many of which probably couldn’t have been developed without Alphabet’s deep pockets. But as the streaming industry continues to drive subscribers away from legacy cable, YouTube TV might be well positioned to lead the charge — if Alphabet allows it.

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Suzanne Frey, an executive at Alphabet, is a board member of The Motley Fool. Tom Wilton has no position in any of the stocks mentioned. The Motley Fool owns and recommends Alphabet (A shares), Alphabet (C shares), Netflix and fuboTV, Inc. The Motley Fool recommends Comcast and Warner Bros. Discovery, Inc. The Motley Fool has a Disclosure Policy.

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