CB Insights - tech giants vs. EU

Hi there,

• Big banks will kick off earnings season this week. Names like JPMorgan, Citigroup, Wells Fargo, Goldman Sachs, Bank of America, and Morgan Stanley are expected to report plunging profits given anticipated loan losses as the pandemic continues to afflict borrowers. On the flipside, Netflix will likely post positive results, fueled by increased demand amid Covid-19.
   

• Wednesday is Tax Day — postponed by 3 months due to the pandemic. As a result, the IRS is also paying roughly 3-5% interest on “late” refunds, compounded daily from April 15 to whenever they’re paid out.
   

• EU courts will grant verdicts on 2 major tech cases this week. The first involves Apple, which is appealing against the EU’s 2016 order to pay Ireland €13B ($16B) in unpaid taxes, and the second involves several tech giants, regarding their transference of user data out of Europe and compliance with privacy laws.
  Governments across the globe are grappling with the issue of data security, especially in regulating multinational corporations. We cover the emerging trends in the cybersecurity space — as well as the companies well-positioned to reshape the industry — in our Cyber Defenders 2020 report here.

You know me so well
 

Tech giants are facing increasing pressure ahead of the 2020 elections for amplifying hate speech to specific segments of people. 

We cover how companies are leveraging psychographic insights to target users on social platforms in this report.

Facing our reality

Biometrics is taking off as people scramble for contactless solutions. 

Beyond retail, read more about 8 industries the tech could transform here. 

The classifieds

Some of our friends are hiring. Check out the posts below:

• Senior Digital Scout, Boehringer Ingelheim — Ingelheim, Germany
• Product Manager, Bayada — Pennsauken, NJ

Can’t stop, won’t stop shoppin’

People are shopping online more amid the pandemic — and Shopify, the second-largest supporter of US e-commerce sales, is a huge beneficiary of this.

Clients can take a look at our teardown of Shopify’s expansion strategy here.

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P.S. We're looking for a product manager. Apply here.