A Google TAC Fire Drill, The Quibi Hedge, Jony Ive Collaborates With Airbnb
Today's Above Avalon daily update includes the following stories:
A Google TAC Fire Drill
The Quibi Hedge
Jony Ive Collaborates With Airbnb
We kick off today’s update with my thoughts on new concerns involving the impact Google traffic acquisition costs (TAC) payments have on Apple’s Services business and financials. The discussion includes my estimates for Google TAC payments sent to Apple on an annual basis. The update then turns to Quibi shutting down. Lost in the sea of hot takes was any discussion about what Quibi was actually trying to do in the video streaming space and details surrounding the company shutting down. We conclude with news of Airbnb becoming a client of Jony Ive's LoveFrom design studio. In particular, we go over a few reasons why I’m skeptical about the development.
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