A friendly reminder that Disney is not your mate
Plus, Australia is coming after Facebook and Google and Elon Musk has another crazy idea
Hello there,
Disney (NYSE: DIS) 2021 fiscal first-quarter results passed expectations with Disney+ subscribers coming in at 94.9 million, well ahead of the 90.2 million expected. Disney even announced a profit when investors were expecting another quarterly loss due to the pandemic. Shares went up more than 2% after the results were released. Click here to read more.
Australia is making Facebook and Google pay
Australia is leading the way with legislation that may change the way social media networks share news. A senior government official said that Australia will next introduce landmark laws to force Alphabet's (NASDAQ: GOOGL) Google and Facebook (NASDAQ: FB) to pay publishers and broadcasters for news content. Google and Facebook have pressed Australia to soften the legislation and proposed amendments but they were rejected. If the law is passed, Australia will be the first country to enact such legislation. Click here to read more.
Elon Musk has another “brilliant” idea
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said that he wants to add rocket thrusters to the Tesla Roadster four-seat sports car to make it hover. Talking to Joe Rogan on the “Joe Rogan Experience” podcast, he said, “I want [the Roadster] to hover, and I was trying to figure out how to make this thing hover without, you know, killing people.” He also gave out some details on a possible future Tesla electric van, saying the automaker could put in solar panels. Click here to read more.
What else are we reading?
Plug Power (NASDAQ: PLUG) has appointed former Bloom Energy Corp (NYSE: BE) executive, Preeti Pande, as its chief marketing officer. Click here to read more.
United Airlines (NASDAQ: UAL) backed electric aircraft startup, Archer, will go public through a merger with a blank-check company backed in a deal valued at around $3.8 billion. Click here to read more.
That’s it from us.
See you next week.