Mint Cookies: The First Batch

Author

James Burns
June 17th, 2024 • Estimated Reading Time: 4 minutes

Table of Contents

TL;DR

So we’re sure you’ve noticed, we’ve been MIA over the past few months. We’ve been growing and learning. We are rebranding, but will still bring you business related topics.

Roaring Kitty seems to have let his call options go and Apple’s WWDC event presents new features on their products as well as introducing some privacy issues in their partnership with OpenAI

Business

Roaring Kitty Dumping Options?

- 💰 Keith Gill, known as "Roaring Kitty," appears to have exited his GameStop call options position and increased his stake in common shares.

- 📈 The number of outstanding contracts for GameStop call options decreased by 34% as calls were traded 142,000 times.

- 💻 Gill's Reddit account showed a decrease in his cash position and an increase in his common shares stake.

- 🎥 The surge in GameStop trading came alongside Gill's return to YouTube and a postponed shareholder meeting.

Technology

Apple WWDC24

Apple announced several new features and products at WWDC 2024, with a focus on integrating functionality that could replace popular third-party apps and products.

- Apple introduced new features like Health+, which aims to compete with Fitbit, and TV+, which will challenge Netflix and Hulu.

- The use of AI technology in Apple's new products is highlighted, showing a focus on enhancing user experiences.

- The announcement of a new smart home hub called Home Center will compete with existing smart home devices like Amazon Echo and Google Nest.

- The introduction of a new virtual reality headset by Apple signals the company's entry into the VR market, potentially impacting companies like Oculus and HTC.

- Apple's push into voice-controlled automobile systems with CarPlay+ could disrupt the current market dominated by companies like Android Auto and Ford's SYNC.

- The company's overall strategy at WWDC 2024 seems to be to consolidate various functionalities under the Apple ecosystem, aiming to provide a seamless user experience across all devices and services.

Open AI & Apple

- 💰 Apple and OpenAI are not currently paying each other for their partnership

- 🤖 Apple believes that the exposure it's giving ChatGPT is valuable enough for now

- 🤝 Apple is exploring future revenue-sharing deals with OpenAI and other AI providers

- 🌍 The deal is not exclusive to OpenAI, and Apple is in talks with Anthropic and Google for alternative chatbot options

- 💵 Apple plans to make money from these partnerships through revenue-sharing agreements

Final Thoughts

We know you might be bombarded with email and other media. all the time. So we will try to keep these short and to the point. Keeping an eye on industries is our business and business happens 24/7 so we’re only bringing you small bites. Enjoy Mint Cookies.