Apple’s Advertising Business Is Bigger Than You Think. It Could Get Bigger Still.
Apple’smove to kill off the Identifier for Advertisers system on the iPhone hasinfuriated Facebookand other companies that rely on the ability to track consumer behavior so they can sell targeted advertising.The decision has created the impression that Apple is simply opposed to digital advertising. But that’s not actually the case. In fact, advertising is gradually becoming a material contributor to the company’s revenue base.In a research note Tuesday, Bernstein analystToni Sacconaghidoes a d
Peloton Stock Fell After Treadmill Warning. Wall Street Sees a Chance to Buy
PelotonInteractive is fighting a U.S. regulatory warning about the safety of its treadmills after a deadly accident involving a child. Analysts say a drop in the stock price that followed the news represents a buying opportunity.Last week, the Consumer Product Safety Commission said people should stop using Peloton’s Tread+ machine if they had small children or pets at home, asking the exercise equipment maker to recall the product.Peloton on Saturday called the warning “inaccurate and misleadin