Google Launches Group Chat | Crunch Report

Google launches a new group chat app, Warren
Buffet bets on Apple, Amazon might sell its own private label groceries and more It’s Monday May 16 and this is Crunch Report.
If you remember Google+, you probably remember that it wasn’t exactly a huge success, but
the company isn’t giving up on its efforts to go social. Today it launched a new app
called Spaces, where small groups of users can chat and share content. The big selling
point of Spaces is the fact that it’s integrated with existing Google services — you can
access things like Google search and YouTube without having to leave the app. Also, once
you’ve shared something in a space, it becomes searchable. Google says this could be used
by everyone from study groups to comic book fans who want to chat. The company is also
rolling out individual Spaces for each session at its Google I/O developer conference this
week. Warren Buffet’s Berkshire Hathway has disclosed
that it owns 1 billion dollars worth of Apple shares For those of you who haven’t been following
the details of Apple’s finances and stock price, let’s just say things haven’t been
going great. In fact, after a disappointing second quarter, the stock price has fallen
so badly that Apple has lost 40 billion dollars in market capitalization. But for some investors,
at least, that means Apple shares look like a bargain right now, particularly if they
think the company will bounce back, so you may see other big investors making similar
moves. Sometimes this kind of purchase is a prelude to activist investors pushing for
big changes, but probably not this time — Apple executives tend to ignore those kinds of demands,
and crazy as it sounds a 1 billion dollar stake may not be big enough to make a difference. Today, you can already buy groceries from
Amazon, so maybe it’s natural for the company to follow in the footsteps of many other supermarkets
by offering products through its own private label brands — you know, the way you can
buy 365-branded products from Whole Foods. In other words, you might start seeing Amazon
selling both perishable and non-perishable items, including baby food, tea, coffee, and
spices, under brand names like Happy Belly, Wickedly Prime and Mama Bear — at least
according to a new report in the Wall Street Journal. The journal says the brands could
be launched later this month and would be only available to Amazon Prime members. This
isn’t a totally new area for the company, by the way since it already sells things like
clothing and consumer electronics through Amazon Basics and other brand names. I don’t know how many of you have been to
one the Momofuku restaurants, but trust me, they’re delicious. Now founder David Chang
has launched a delivery-only restaurant called Ando. Chang is pitching this as another Momofuku
restaurant, except that it’s on-demand and delivery only, without a dine-in experience.
It may seem cruel for me to bring this up for those of who you aren’t in New York and
can’t order the food, at least not yet, but I think it’s still newsworthy because Ando
was developed in partnership with Expa, the startup studio created by Uber co-founder
Garrett Camp, and because Chang is also an investor and chief culinary officer at food
delivery startup Maple. However Expa’s Hooman Radfar told us the food delivery market is
diverse enough that the services don’t have to compete with each other directly, in the
same way that different Momofuku restaurants don’t necessarily compete. All right, we’ve got another story about something
that a big company MIGHT do — in this case, the report comes from the Telegraph, which
says the BBC is planning to launch its own subscription streaming service called Britflix.
Apparently it’s working on the service with competitor ITV and a number of production
companies including NBC Universal. It seems like the British government is pushing in
this direction, with Culture Secretary John Whittingdale releasing a white paper last
week calling on the BBC to find additional sources of revenue. Whittingdale told the
Telegraph, “If they want to explore that kind of thing, we’d encourage them. There may
come a moment in the future where all television is delivered online, and if you do that it
becomes a more realistic practical possibility if you wanted to move towards an element of
voluntary subscription.” That’s the report for today. I’m Anthony
Ha Crunch Report airs every weekday at 7 pm Eastern,
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4 thoughts on “Google Launches Group Chat | Crunch Report

  1. why is there no innovator cable company that just brings your service online through an app no cable boxes needed

  2. If you don't watch the screen this guy sounds 12. But then you look and you're like wow. Idk I still prefer that Tito guy.

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