- Internet & the Web
Carl Icahn and his Tweet favor to Apple
If you wanted to know the power of social media and Web 2.0, then you should look no further than the events of last Tuesday.
Here are the two tweets that are going to go down in investment history and social media folklore.
Twitter has become the go to source for many everyday investors and even billionaires are starting to get ideas from this social networking site.
More than this, Twitter has become a real platform to interact with people and organizations that we could only dream of interacting with not too long ago. This type of Web 2.0 tool has me more than excited about the upcoming Web 3.0.
Anyway, shifting the talk back to Apple, its shareholders are thrilled about this interest from a very savvy investor. After all, they have enough reason to believe in the might of Apple again. It's not every day that we find highly innovative companies that carry $147B in cash and short-term investments on their balance sheet.
Apple is every innovator's dream
This is a company that still carries the torch of its iconic founder Steve Jobs. Jobs was on his death bed when Apple quietly filed a new patent that allows a television to seamlessly skip commercials. This is increasingly what consumer want nowadays as they are getting tired of 'mindless' programming at increased costs via subscription fees and still lots more advertisements. Apple's $99 "set top box" has proven to be a cash cow and it already sells more units than the PC division.
Apple knows that TV as we know it is about to be transformed and the tech giant is looking to capitalize on this rebirth. Take a look at this interesting quote.
Apple wants to be in your living room. And it doesn't want to settle for being the screen in your lap while you watch TV. Apple wants to be the TV - The Atlantic.
We wish to highlight a few important things in this whole Carl Icahn Twitter phenomenon. It does appear that the delivery of financial news and news itself is changing as we speak. Viewers no longer have to sit through commercials or other shenanigans imposed by the news media in order to get access to profitable market moving breaking news stories.
Often, Twitter has been faster in its delivery of financial news than reputed financial media powerhouses. And again, this is not the case just for financial news. The news industry itself is being made over in to a truly personable experience for the consumer.
It's the same thing that happened to the book industry with Amazon.com. It's the same thing that happened to the travel industry when travelers started booking on Priceline.com among other avenues. And it is also the same thing that happened to the financial industry when investors got used to trading online instead of using traditional stock brokers.
Many of us fork over more than two thousand dollars of our hard-earned money to cable companies, year after year. And all this money is for programming that we will never hope to see as most of us are only keen on a miniscule number of TV shows and news broadcasts.
Additionally, we're seeing more ads and less real programming than ever unless its C-SPAN, of course.
The Internet is still young and it will continue to be that welcome change we need in our daily lives. The Carl Icahn tweet about Apple is quite a milestone.