Category Archives

Get ready for more streaming… because WarnerMedia, a division of AT&T, just announced plans for such a service yesterday. And in case you didn’t know, WarnerMedia owns HBO, Turner, and Warner Bros. The streaming service will launch sometime in late-2019.

Here are the plans… WarnerMedia will look to build off of the success of HBO Now, a service that streams live and on-demand shows. The company will also leverage Turner and Warner Bros.’ brand to reach diverse interests and mass audiences.

It feels like… we announce a new streaming service every other day here at Sanebull. There is already Netflix, Hulu, Prime Video, and the list goes on. Additionally, companies like Disney are planning to launch their own versions of what is essentially Netflix. But no worries – we just want to say good luck and let the best man win!

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Google presents a cooler way… to cool your home. This not-so-new innovation is brought you by ‘Dandelion,’ a spinoff company and startup of Google. Dandelion uses energy from the ground to heat and cool your home. The product is called ‘Dandelion Air,’ and it uses heat from the ground to heat your home in the winter and moves heat from your home into the ground in the summer.

The concept isn’t new… however, the idea of geothermal technology also hasn’t been very accessible in the past. Now, Dandelion aims to give all homeowners the opportunity to use the technology by automating the manufacturing process. Dandelion Air is four times more efficient than furnaces and nearly twice as efficient as an air conditioning system.

But it will cost you… so, no surprise here, geothermal systems cost around $20,000 depending on the size of your home. On the bright side, the system could save you about 20% annually on heating and cooling. Maintenance on the system is minimal, and you could be known as the “guy who heats his house with his lawn.” Any takers?

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Netflix is buying a production studio… and that studio will be located in Albuquerque, New Mexico, of all places. At any rate, the company just announced that they are in the final stages of purchasing ABQ Studios. This is particularly exciting news because this is Netflix first purchase of a production studio!

Netflix is all about the original series… so this move seemed to be inevitable. As a matter of fact, Netflix will be spending $8 billion on original content this year alone. And the following original shows created by Netflix will be calling ABQ Studios home: Chambers, Messiah, and Daybreak.

Good news for Netflix… but even better new for Albuquerque. The city will see up to $1 billion in production over the next ten years while creating an additional 1,000 jobs per year. The city’s mayor and governor are calling this move and “economic win” for Albuquerque. And now that Netflix has their own studio, we’re expecting even better shows. Get your popcorn ready!

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Believe it or not… Apple and Samsung are ‘frenemies,’ so to speak, in the never-ending smartphone battle. However, such a relationship has proved to be a profitable one as far as both parties are concerned. And now, the South Korean electronics maker is expecting to make as much as $15.6B in operating profit from June to September from its business with Apple.

Here’s how Samsung help Apple… Samsung provides the flexible screens that Apple is using in its new iPhones. In fact, Apple is one of Samsung’s largest customers in this space, accounting for 25-30% of display division sales. The display division itself accounts for about 10% of Samsung’s total sales.

Despite these sales… analysts are expecting Samsung to report disappointing smartphone sales. Competition from companies like Apple is putting pressure on the world’s largest smartphone maker to remain competitive in the high-end market. Hm, maybe this relationship is more one-sided than we thought?

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Ford is cutting jobs… and the company is planning to overhaul its entire business. In fact, the automaker plans to reorganize its global salaried workforce. The big picture of these job cuts, unsurprisingly, is to cut costs and restructure for the future.

Where Ford is cutting… depends on the team and location. The second largest automaker in the US declined to comment on which jobs are going or when they will be going. However, the company currently employs around 200,000 people around the globe, and 70,000 of those are salaried workers (so take your best guess).

Tough times ahead… because in July, the company lowered its earnings guidance for the rest of the year. Ford cited slow sales in Europe and Asia for the lowered guidance but maintained that sales in North America are doing well. Shares of the company are down 26% on the year and were down slightly upon the announcement.

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Calm waters for Tesla… and the company came through with 83,500 delivered vehicles during the third quarter. Of that number, 56,000 were Model 3s. Tesla also managed to build 53,000 Model 3s this quarter; that figure was short of 5,000 vehicles per week, but well within company projections.

Good news considering… all the antics of Elon Musk. We all know about the SEC lawsuit and executives leaving the company – including the chief accounting officer who left after just one month. However, even with the solid production and sales report, Tesla stock was down 2%.

More to come… when the company releases its revenue and profit results later in the quarter. In the company’s ten year history, Tesla has only reported two-quarter of modest profits. However, that should soon change. Will Tesla actually make a profit this quarter or fall flat on its face? Stay tuned for more!

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Tesla was down… aaannnndddd then it was back up. The deal between Elon Musk and the SEC left investors delighted, and the stock recovered all of its 17% loss from Friday. Not too shabby for a deal that required Musk to step down as chairman and pay a $20 million fine.

The deal also cost Tesla… another $20 million, separate of the initial fine, to settle claims that the company failed to adequately police Musk’s tweet. If you recall, all of this mess came from Musk’s “false and misleading statements” to investors over Twitter.

But Tesla isn’t done yet… because the company is preparing to release its third-quarter production numbers. These productions numbers will allow us to see if Tesla can produce 5,000 Model 3 cars in a week, a milestone the company hit in the second quarter. And now we get to see if the company can replicate those results. Never a dull day for Elon Musk or Tesla..

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Well, that was fast… Tesla CEO Elon Musk has agreed to step down as chairman of his company and pay a hefty $20 million fine to settle charges brought last week regarding his reckless tweets. But don’t fret – Musk will remain CEO of the company. For the record, Musk accepted the deal without “admitting or denying” the accusations against him.

The money will go to… investors that were harmed by the tweet (so people shorting Tesla). Tesla will also appoint two new independent directors to its board to help oversee Musk’s communications. Yes, they will be watching him. And honestly, the result isn’t as bad as it could have been.

The SEC sought to ban Musk from… serving as an officer or director of any publicly traded company. However, the SEC may have decided that removing Musk as CEO would harm Tesla’s share price and hurt investors further. After all, what is Tesla without Elon Musk!? He is the madman we have all grown to know and love – never stop bein’ you, Elon…

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The SEC is pissed… at who else but Tesla CEO Elon Musk. Musk is accused of making “false and misleading” statements to investors via Twitter. Remember that? If not, let us refresh your memory. On August 7th, Musk tweeted that he was considering taking his company private at $420 per share with funding secured. The SEC is claiming that he didn’t secure funding.

On the day of the tweet… Tesla’s share price shot up by 9%. However, Tesla hasn’t been doing so hot since and Tesla dropped another 11% in after-hours trading on Thursday. Elon Musk, of course, disagrees with the SEC’s claims and released a statement saying, “This unjustified action by the SEC leaves me deeply saddened and disappointed.”

And it gets stupider… because the SEC’s complaint alleges that Musk rounded up the go-private price to $420 because he thought it would be funny (get it? 420). Musk also failed to consult with, well, anyone of importance about the decision before putting it out there. And, if you know anything, you would know that Musk abandoned his well thought out plan three weeks after the tweet. We’ve said it before, and now we’re repeating it – Elon Musk needs to stay the hell away from Twitter.

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Cadillac is going to Michigan… and GM plans to move the company’s headquarters back to Detroit near its technical center. And if you’re wondering what a “technical center” is, it is where GM gets most of their vehicle design and engineering done.

GM and Cadillac are close… but not that close, and the Cadillac will remain its own brand and business. Cadillac has big plans for the future that include luxurious electric cars and self-driving vehicles. For this reason, the company thought it made sense to bring the marketers and executives closer to the design team in Michigan.

Forget New York… because Cadillac would like to. Since moving to the Big Apple, Cadillac has seen US sales and its luxury car market share decline slowly but surely. However, global sales have done significantly better, up 45% over the same period. And apparently, the international market is where it’s at – 60% of Cadillac sales are now sourced outside of the US compared to 40% three years ago.

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