Gap, all falling very hard as you can see there. Well go shopping for opportunity in that Retail Sector later on, buy gold now thats the message from one top wall street firm we will debate if there is any shine left in that big trade we start first with breaking news out of disney the stock is moving lower in the after hours session as the Company Announces some very, very major job cuts. Lets get to our own Julia Boorstin with the details. These are tens of thousands. Thats right. Disney is laying off 28,000 domestic employees, hourly, sal rye e aried and executive roles. In light of the prolonged impact of covid19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic exacerbated in california by the states unwillingness to lift restrictions that would allow disneyland to reopen, we have made the difficult decision to begin the process of reducing our workforce at our parks, experiences
Ma. Cofounder and group ceo daniel zhang. Everybody has a big chance to go digital, but people need to change. Three leaders driving alibaba the global disruptor. Stephen it was a humble as theyg for jack ma cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted in. Ofbaba employee was expected contracting sars in 2003, Senior Executives were quarantined and that gave birth to perhaps the best platform today. Which growth ebay out of china and led to the single day shopping extravaganza and the world meeting the new ipo in 2014 and the launch of many new businesses, much like bloombergs set up for the interviews, the rise of alibaba has been no small feat. And its next steps may be even more demanding. I think the challenge is getting bigger. Much bigger than the early days. The early days is the fun part. When we competed with ebay, when you see the sars, theres a lot of things you can learn from the other guy, the other companies, but toda
Ma. Cofounder and group ceo daniel zhang. Everybody has a big chance to go digital, but people need to change. Three leaders driving alibaba the global disruptor. Stephen it was a humble beginning for jack ma as they cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted in. Alibaba employee was expected of contracting sars in 2003, Senior Executives were quarantined and that gave birth to perhaps the best platform today. Which growth ebay out of china and led to the single day shopping extravaganza and the world meeting the new ipo in 2014 and the launch of many new businesses, much like bloombergs set up for the interviews, the rise of alibaba has been no small feat. And its next steps may be even more demanding. I think the challenge is getting bigger. Much bigger than the early days. The early days is the fun part. When we competed with ebay, when you see the sars, theres a lot of things you can learn from the other guy, the other compan
South korea, spain or australia. If you were to create a society with these companies you would have something that looks like the b. C. Him out of the matt damon movie. This year, when america wakes up to the fact that google, amazon, facebook and google are the biggest tax avoiders in the world offering 20,000 to store their eggs and offer battery eternity benefits, there and municipal Transportation Health benefits, dna testing, effectively economically through lobbyists they have achieved what the south was unable to do militarily, he effectively seceded from the u. S. And i think theres going to be a revolt against the. They decided they opted out of our tax and government system as they feel they can do it better on their own. So lets talk about amazon. We think amazon will decline in influence. That is why i was invited. I one of the few who believes that. Why is that . We dont believe pure play mono channel, retail works for anybody including amazon. The best example of this is
For ourselves. I think there is a statistic that 90 percent of the worlds data has been created in the last two years. It is astonishing. So when you approach big data questions you can do it one or two days. One way is symbolize it and come up with unexpected outcomes. I dont think that is unrealistic. But what i think publishers can do to minimize the impact of the noise is to try to answer the specific questions rather than worrying about all of the data being collected. In education you have data the analytical engine that is available on our platforms and the whole presentational level. We use the data to provide the teacher with the analytical dade data they use to help the students. So any data that is able to support learning becomes more powerful. And that is focused around the user interface, they dont have a huge bench strength where they can do the analysis themselves. So we really focus around the old user interface, analytics and presentation and it is easier and the teac