Wednesday, March 27, 2019
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Apple's big event with Oprah and Spielberg was a letdown: If price is truth in the stock market, then investors just sent Apple (AAPL) CEO Tim Cook and his entire management team a loud message following one overhyped event at Steve Jobs Theater on Monday. The message: a collective yawn. Cook strode to the stage and slapped hands with Hollywood stars like Steven Spielberg and Oprah Winfrey to get the world excited about a new video streaming service (that apparently is free because Apple didn’t reveal the price) that may challenge Netflix and Disney. Apple took the wraps off a news subscription service that has a price, $9.99 a month. The Wall Street Journal quickly rejoiced, saying it will partner with Apple and is hiring journalists to get content on the platform.
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