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- PROMPT: Hey everyone, before the show, a quick message, when was the last time you heard someone say, it's almost too easy when talking about a piece of new technology, probably never, right? Because a lot of the time, new tech that's supposed to make your life easier isn't actually doing that, but it should be doing that, but it isn't, but it should be. HubSpot's CRM platform is, it's easy to learn, it's easy to use, and it's easy to love. That sounds a little creepy, but we'll go with it. It's all because it's designed for the way teams actually want to work and connect rather than being just a bunch of apps cobbled together that do not speak to each other, with the suite of powerful tools that seamlessly connects your teams. Once you get the hang of it, it's almost too easy to use. So go ahead and learn how HubSpot can help your business grow better at HubSpot.com. Howdy folks, it is Thursday, December 1st. Wow, December already, how bad that. I'm Jacob Cohen here with Juliet, Bennett, Ryle, and you are listening to The Hustle Daily Show. Today we're going to be talking about Yahoo! It's an early internet company that somehow feels both obsolete but is also used by almost a billion people each month. After trading hands the last couple of years, the company is developing some big plans to become relevant again, and potentially much more lucrative. Juliet's got the scoop on that, but before that, here's what else is going on in the world of business and tech. Let's get crackled at it. All right, first things first. On the Twitter front, a revenue analyst at Twitter in Europe reportedly shared screenshots with tech outlet platformer that add revenue in their Europe, Middle East, and Africa region is down 15% year-over-year and that weekly bookings are down 49% as platformer pointed out. This is especially bad news given the timing. Black Friday, Suburban Day, and the World Cup are supposed to be some of the biggest days of the year for Twitter. And platformer cited one former Twitter exec calling the developments catastrophic. So, I will say this, about a week ago everyone thought the site would crash completely and it did not, so there's that. Yeah, okay, that's somewhat positive. Also on a related note, just days after, and I quote, going to war with Apple over the company's 30% App Store Commission fees, Elon Musk tweeted that he met with Tim Cook at Apple's Cupertino headquarters. At the time of recording this, we have no details on what they discuss though. He does sound a lot nicer in that tweet than he did earlier this week. Do you think that he brought some sort of like, appliance with him? What kind of appliance? Like instead of a sink, maybe he brought like, I don't know, a nicest preso machine or? Oh, yeah, sort of car or something. Yeah, just something like a little yeah, yeah, I could see that. I could see that. Well, on another related note, Netflix CEO Reed Hastings says he berated his M&A team that they didn't buy wordle. How about that? He said that would have been perfect for us at the New York Times deal book conference yesterday. He also said that he thinks Elon Musk's critics should give him a break adding that he thinks Musk is the most creative person in the world, that he's convinced Elon is trying to help the world. And that he praises Elon for buying Twitter for $44 billion instead of buying a big yacht. Fair, but he could have also maybe like, solved homelessness in the United States. So I'm just say, like, let's not go, let's not go too crazy there. Right, right. He does sound like he's a big fan of Musk. Yeah, yeah. All I have to say to that though is this, have you seen that TikTok chocolate tier that is building all these crazy things? No, but I'm going to look it up immediately after that because I think that is the most creative person in the world. All right, I'm going to check it out. Anyway, in other news, Jung Jo, a Chinese city that is home to what's known as iPhone City or the Foxconn factory town that has some 200,000 workers, along with some other major Chinese cities, is lifting an intense COVID lockdown since October, and all the testimonies, disruptions there, around this factory of cost Apple $1 billion weekly. Wow. So they're probably happy about this. Apple supply chain has long been deeply exposed to developments in China, and the pandemic has really shed light on this as an issue, but it's an issue that Apple has been addressing. A recent analysis of Apple supply chain data from Reuters found up to 47% of its suppliers were China based between 2014 and 2019, and that's dropped to 36% in 2021. Also, Meta is reducing its real world footprint, deciding not to renew a 250,000 square foot office lease in New York City. Mark Zuckerberg also said yesterday at the New York Times conference that the vast majority of his time and the vast majority of Meta's efforts are still going towards social media, not the metaverse. It was actually a funny moment amid a serious discussion because part of this discussion was happening in virtual reality, and Mark Zuckerberg had a bunch of pickups as that was going on. Tech hiccups are like actually had the hiccups. Actual and actual bad of hiccups. Wow. Okay. Well, it happens to the best of us. Yeah, happens to the best of us. And lastly, San Francisco approved a policy that lets police use robots as a deadly force option if absolutely necessary. No, thanks. Right. It feels like many scary movies begin with this plot. They can't even handle having guns that they're supposed to use only if absolutely necessary. So I'm going to say no to the robot. So though, I guess I really don't have a choice. Here they come. It's hard to say. Here they come. Okay. And some interesting data coming out of Tesla. For years, Tesla has been able to enjoy a majority share of the US Electric Vehicle market with little competition. And while the company's done a great job using its first mover advantage to expand its lineup, it's charging network and its factories around the world. This period of near unchallenged growth is rapidly closing. So what's happening? Per estimates from S&P global mobility. Tesla's US EV market share will drop to less than 20% by 2025 down from 71% last year. As more affordable options become available, Tesla's entry level Model 3, which starts at more than $40,000 is looking increasingly pricey. To that end though, it was reported this week that Tesla is ramping up development of a cheaper Model 3. And the company is also delivering its first ever electric semi-truck to Pepsi today. And big picture roughly just 5.1% of the 10.2 million vehicles registered in the US through Q3 were electric. Now that's up from 2.8% in 2021. So it's small but grown fast. And I think with that, it is time for today's main story. Juliet Stalkiahu. When I think about Yahoo, here's what comes to my mind, right? Old email addresses where most of my spam probably went. Yeah, I got one of those. Yeah, maybe some aggregated news. I'm thinking of a place where people sometimes go to look at financial data of companies and stocks. And a place where some of my friends definitely go to play fantasy sports. But I feel like when you're looking at all that, most people can't easily tell you what Yahoo even does. Is it a tech company, a media company, just a website? If you look at Google search data over the past two decades or so searches for Yahoo.com peaked right around now December in 2009. And since then they've steadily declined to their lowest point ever. But the site is still visited by a lot of people each month. And now they've planned to what become cool again, useful again. What is next for Yahoo? Well, clickbait ads is the latest news ever. Yeah. But there's more than that. So recently, Yahoo announced a 25% stake in an ad company called Tabula according to TechCrunch. Tabula, you've certainly seen it. They have these things called chumbucks ads, which are like, so you know how like if you're on a news website and you scroll to the bottom, they'll be like an array of thumbnails leading to possibly the worst articles you've ever seen. Yeah, it's like this miracle pill will help you grow another three feet. Yeah, one weird trick doctors don't you know? Or I always get the ones that are like, I don't know why, but it's always like you all believe what this child star from 1984 looks like now. And it's like, I don't know. I don't care. I don't care what they serve those ads on other websites. Exactly. So that's their deal. And apparently they are pretty huge. They have partnered with 9,000 publishers and reach 500 million people a day. So big numbers there. So they're essentially going to take over native advertising across Yahoo's brands, which includes AOL, if you remember them, they still have a website. You can go to TechCrunch and gadget a bunch of other media publications, Yahoo Finance, Yahoo Sports, etc. Those are all under the Yahoo umbrella. Yes. So Yahoo CEO, Jim Landzone believes that digital advertising while down right now has a huge wind in the long term. And they anticipate to generate a billion dollars in annual revenue from their partnership. Okay. And like we said, Yahoo actually does get about 900 million monthly active users across its properties for India. So surprisingly alive more so than you might think. Yeah, I would say. Now Yahoo may be doing a couple of other things. You may recall in 2021 Verizon, which had owned Yahoo sold its measity of businesses, which included Yahoo and AOL to Apollo Global Management for about $5 billion. Now according to Axios, Apollo quickly sold off some of Yahoo's assets. It's now focusing on a couple of interesting endeavors, the two most interesting to me being adding betting to Yahoo Sports. Yeah, it already offers apparently I did not know this perhaps you did a paid subscription for people who are really into fantasy sports like it gives you data and all sorts of I don't know things that you need to do your fantasy league. Yeah. And then it also is interested in building what it calls a Bloomberg for retail trading into Yahoo Finance, which would come with a suite of tools for buying and selling stock. So those are two interesting things potentially very lucrative things. I think yeah, Yahoo also had TV for a hot second. I remember watching season six of community on it. And it also had this show called other space that I really liked. But then Yahoo was just like no more TV. It was like a very like a Yahoo original. Yeah, like a Netflix. Oh my god. Well, rebooted community, which had I think started on NBC. And then it had its own shows too. But then they just kind of again disappeared into the ether. So it's kind of I don't know. I feel like Yahoo has done just about everything possible that a tech slash media company could do in the course of its run since 1984. Yeah. All right. But I'm being about to be in that's going to do it for us today. Thanks for tuning into the hustle daily show. We're a proud part of the HubSpot podcast network. Our editor today's Ezra Trupeon our executive producers Darren Clark. We've got a lot more tech and business coverage in our newsletter. If you're not subscribed, go subscribe at the hustle.co slash email. Have a great Thursday. And first day of December. It's going to be a good month. We'll catch you tomorrow. Hey, everyone. Just a quick message about another really good show on the HubSpot podcast. Network from award-winning host and entrepreneur, John Lee Dumas. It's called entrepreneurs on fire. And I can tell you this. JLD and the entrepreneurs he has on bring the heat. Each episode stokes inspiration. Yes, we're going to continue with the fire ponds and share strategies to fire up your entrepreneurial journey. Sorry. Had to do that. Had to do it. Anyway, you'll catch episodes on everything from bringing techniques from improv comedy to your business to the psychology of risk taking to playbooks on investing and branding to overcoming depression as an entrepreneur to stories about successfully navigating wild career pivots from the military or bartending to CEO roles. It's a show about entrepreneurs by an entrepreneur and it's lit. Sorry. Had to throw one more in there. So go ahead and listen to entrepreneurs on fire or ever you get your podcasts.This article is about Yahoo and its plans to become more relevant in the tech and media markets. The company is owned by Apollo Global Management and has developed plans to add betting to its Yahoo Sports, build a Bloomberg for retail trading into Yahoo Finance, and partner with Tabula for native advertising across its properties. Tabula has a large reach of 500 million people a day and is known for its chumbucks ads. Yahoo still has a decent amount of active users, with 900 million monthly active users across its properties. Tesla is also mentioned in the article, with their US EV market share set to drop to less than 20% by 2025. Lastly, San Francisco has approved a policy that allows police to use robots as a deadly force option if necessary.
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