Today's Above Avalon daily update includes the following stories:

Apple's M&A Appetite
Two Problems Facing Google Pixel
Spotify Earnings

We begin today’s update with my thoughts on whether or not Apple’s appetite for large-scale M&A has changed in recent months. The discussion then turns to Alphabet earnings and management saying Google Pixel smartphones sales are down. We go over the two primary problems Google is facing when it comes to the Pixel smartphone. The email concludes with Spotify earnings and a look at the latest subscriber trends and management’s strategy for improved user monetization.

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