333 slides... Venture capitalist Mary Meeker's legendary "Internet Trends Report" comes out once a year. Surprisingly, internet adoption hit its slowest pace worldwide yet (just 6% more humans logged on this year compared to last). Not so surprising? Americans are unhealthily obsessed (we average 6.3 hours/day online). But the report was rainy for Google and Facebook — Twitter and Amazon stole more of the online ad market, while targeted ad regulation could weaken FB and GOOG's data advantage.
Startup auction... GE stock is down almost 70% since 2016. Its painful transformation from corporate titan to humbled has-been just hit a low-point — Reports showed it's desperate to sell off its investments in over 100 startups (including Elon Musk's Virgin Hyperloop One). Instead of waiting for those shares to (ideally) blossom into way-more-valuable IPO stocks, GE wants cash now to pay down debt.
Chip and dip 6%... In a week free from major trade war drama, San Jose-based chip-maker Broadcom dropped this pre-weekend: It's expecting $2B less revenue this year than it forecasted in March. The cause: American companies have been stopped by President Trump from doing business with China's Huawei, the world's 2nd largest phone company. Chip stocks Nvidia and AMD both sank on this wake-up call.