Welcome to our quick hits irl Media NEWSLETTER. This is a shortened version of our regular Wednesday long-form newsletter, except a whole lot shorter, less wordy, and we’ll be delivering it to your inbox every Monday & Friday.
Still the same newsletter that brings you the business behind the news with a healthy dose of sarcasm, but now bite-sized.
In today’s newsletter we discuss the Honda and Nissan merger announcement, Chinese hackers have infiltrated our text messaging systems, Mariah Carey keeps making money form her ‘All I Want For Christmas Is You’ song, Netflix to stream the next two FIFA Women’s World Cup tournaments, and SpaceX uses stablecoins to collect payments for Starlink.
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WHAT WE’RE READING
Honda And Nissan, And Perhaps Mitsubishi, Have Agreed To A Merger
Courtesy of Getty
Well we all knew this was coming. Honda and Nissan have announced they plan to merge, with a completed deal to take effect by 2026. And for good measure, they may also include Mitsubishi, which would make the combined company the third largest car manufacturer in the world behind Toyota in first place, and Volkswagen in second place.
As you can imagine, I have some thoughts on the merger, so without further ado here is my opinion on the top 3 Pros and Cons for a merger between Honda and Nissan:
Pros:
1) Increased Economies of Scale:
Combining resources would lead to significant cost savings through shared research and development, manufacturing, and supply chains.
2) Enhanced Global Competitiveness:
The combined entity would become a formidable force in the global automotive market, better able to compete with larger rivals like Toyota and Volkswagen.
3) Technological Synergy:
Nissan and Honda possess different strengths in certain areas, such as Nissan’s strong presence in electric vehicles, and Honda’s expertise in hybrid technology.
Cons:
1) Loss of Brand Identity:
Merging two distinct brands with their own loyal customer bases could lead to a dilution of brand identity and potentially alienate existing customers.
2) Cultural Clash:
Integrating two different corporate cultures with potentially conflicting management styles and work ethics could be difficult and time-consuming, and it almost never works out. There’s always a stronger and more dominant force in any merger.
3) Potential for Job Losses:
Mergers often involve significant restructuring and cost-cutting measures, which could lead to job losses in areas like manufacturing, administration, and research and development.
BONUS REASON:
I’ve owned both Hondas and Nissans in my adult life, and I love them both for various reasons. I’d hate to see either of these brands, and their line ups, go away. So selfishly, I’m against any potential merger.
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🎉 Business
It looks like the party is over for Party City, who is expected to close all of their stores and begin laying off all their employees during the holidays. ‘Tis the season for layoffs I guess.
🗨️ Tech
The U.S. government has warned that Chinese hackers have infiltrated our text messaging systems, and it’s no longer safe to send private messages. Upon hearing the news Americans promptly continued to send confidential messages and NSFW pictures, because what’s privacy in 2024?
🧑🎄 Entertainment
In breaking news I don’t think anyone will be surprised about, Mariah Carey makes fists full of cash every holiday season from recordings of ‘All I Want For Christmas Is You‘
⚽ Sports
As if watching the glitchy Tyson-Paul fight on Netflix wasn’t enough, Netflix announced they are now set to stream the next two FIFA Women’s World Cup tournaments in the US.
📡 Crypto
In an out of this world use case for cryptocurrency stablecoins it’s been revealed that SpaceX uses stablecoins to collect payments from Starlink customers.
So much news, so little time. Until next time I’m signing out.
— Chris Thompson
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