I would consider this bullish for our position in GOOGL, aka Mr. October.
If you enjoy the content at iBankCoin, please follow us on TwitterGoogle Inc. has reached an agreement with CBS Corp. to carry the broadcast network on its soon-to-be-launched web TV service, people familiar with the matter said.
The new service, which will be housed on Google’s YouTube platform, is likely to debut in early 2017. Google is also near an accord to distribute channels owned by 21st Century Fox and is in advanced talks with Walt Disney Co. as well, the people said. . (21st Century Fox and News Corp, which owns The Wall Street Journal, share common ownership.)
The service, dubbed Unplugged, aims to be a low-cost option targeting consumers who either have resisted subscribing to traditional pay-TV or cut the cord due to rising costs. READ MORE
You should probably give it a rest with the “seasonality” nonsense. Ask anyone who has taken Stats 101, or who is smart, what’s wrong with the logic there.
All that matters is the coin being banked from the idea.
jog on
Gee, I don’t know…I think it should matter if you are attributing a result to an actual cause, otherwise you would be led astray in le futura. Fooled by Randomness.
GOOGL trade is a based off technicals, the seasonality is just a bonus.
I actually agree that it should not carry that much weight.
Lagniappe.
Cutting the cord? Someone needs to tell GOOG that CBS is free over the air. They jerked around so long on the “fiber in every home” project that they missed the window of opportunity for TV.
I’m more interested to see what’s in store for AMZN’s TV service.