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AT&T, Time Warner – the deal is done like dinner

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AT&T, Time Warner – the deal is done like dinner

Big Deal

Nearly two years in the works… And the AT&T takeover of Time Warner is complete! The Justice Department has decided against seeking a stay and will allow the deal to close. This sets the stage for other companies to follow suit and join forces of their own.

Move over Netflix… For a mere $85B, AT&T can deliver Time Warner programming to the company’s millions of wireless, internet, and video customers. In theory, this will allow AT&T to go toe-to-toe with other beloved content providers, including Netflix and Amazon Prime. Just like our boy Floyd Money Mayweather.

More to come… The justice Department may appeal the ruling in the case. In the meantime, keep an eye out for Comcast and Disney as they continue to covet Fox. These moves may become more important as other companies jockey for position in an increasingly competitive industry.

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Good news for Ethereum, other cryptocurrencies

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The SEC won’t let me be (or will they?)… If you were on planet Earth in 2017 than you probably caught wind of the cryptocurrency madness. The top three cryptocurrencies: Bitcoin, Ethereum, and Ripple climbed 4.9%, 7.7%, and 5.9%, respectively, on Thursday. Predictably, these price increases can be attributed to the SEC determining that Ethereum is not a security after all.

No security? No problem… At least that is how “crypto-investors” are feeling. The SEC has ruled that Ethereum is “sufficiently decentralized.” In English, this means that decision-making is spread out so that not one individual can receive information that can be used to their unfair advantage (think insider trading). This is the SEC saying that Ethereum, among other decentralized cryptocurrencies, are not worth their time.

The bottom line… The most popular cryptocurrencies, Bitcoin and Ethereum, needn’t follow the same rules designed for stocks. For now, we have escaped the regulatory crackdown that many were totally unsure about – finally, some good news for the crypto enthusiasts.

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