Apple warned Wednesday that revenue from its holiday quarter will fall short of prior estimates, a rare occurrence for the iPhone maker.
Why it matters: Apple is one of the world's biggest companies and a significant driver of the tech economy. The company said it now expects revenue of around $84 billion, down from a prior estimate of between $89 billion and $93 billion.
Given all the data Facebook collects and its barrage of data controversies in 2018, expect the social network to be under a microscope this year.
Background: Democrats have already signaled they’re serious about pushing some data privacy legislation as they take back the House this month. Republicans won't be sitting on the sidelines.
On Facebook's map of humanity, the node for "you" often includes vast awareness of your movements online and a surprising amount of info about what you do offline, too.
The big picture: Even when you're cautious about sharing, Facebook's dossier on you will be hefty. Facebook tackles its mission of "bringing the world closer together" by creating a map of humanity, and each of us represents a tiny node on this "social graph."
If this holiday seasonproved anything, it's that Netflix’s massive success in disrupting TV is only part of the streaming giant's playbook.
Why it matters: 2018 was a killer year for theaters, after years of relatively flat box-office admissions. No tech or media company has figured out how to disrupt the theater business, in part because it would take Hollywood's buy-in, or Hollywood would need to do it themselves. Netflix thinks it can change that.
/2018/12/31/1546220320357.gif?w=3840)
