GORiLLAHiTTTLiST FM LOS ANGELES
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Fuzzbucket. Million Dollar Duck. A creepy-ish one about a high-level lawyer transformed into a sheepdog. Disney tweeted out every show and movie hitting Disney+ on November 12th and we're impressed/confused by some of the throwbacks.
Stocks dipped Monday on word Trump's mini-deal with China isn't even a sure thing. And 3rd quarter earnings season kicks off today with big banks reporting how they did the last 3 months.
SmileDirectClub plummets (another) 13% on California's new ortho-regulation
Everyone gets a trophy... including SmileDirectClub. The worst new stock of 2019 is now down 53% from its IPO day. SmileDirectClub embraces "telemedicine" to straighten your teeth, using clear aligners and online video chats to replace painful in-person ortho appointments. But the stroke of a governor's pen just made its life a bit harder.
AB-1519 will see you now... That's the California bill just signed into law. It adds additional regulation for SmileDirect to deal with while providing additional protection to aspiring grinners. Now the state Dental Board will oversee all things teeth-fixing — this doesn't ban SmileDirect's business, but investors are still unhappy.
SmileDirectClub predicted this... A company's IPO filing paperwork (aka its "S-1") is released before its stock first begins trading, highlighting the business' risks and opportunities. SmileDirectClub's S-1 mentioned this exact concern: “Adverse changes in, or interpretations of, laws and regulations governing remote healthcare and the practice of dentistry."
The dental pros resisting SmileDirect are better-funded and organized than the taxis that resisted Uber...
Apple is reportedly going down-market with a $399 iPhone in Q1 2020
You overpaid for your iPhone by like $400... On the same day Apple inched past Microsoft to return to the #1 most valuable US company (iPhone 11 is apparently selling well), we get this shocker from a research analyst with a very particular set of skills:
Going down-market, Apple?... This could finally compel frugal Apple buyers to upgrade. It may even convert some of the Android flock to Apple's ecosystem.
Phone profits aren't the priority anymore... The last Apple budget phone was iPhone SE (great for her jeans pockets). It annoyingly stole sales from higher-end iPhone 7s, hurting Apple's profits. But now Apple just wants more Earthlings with iPhones in their hands so it can make money monthly on recurring "services." More phones = more potential iEverything customers (iCloud, Apple Music, Apple TV+, Apple News+, Arcade...).
In : 848FINACE
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