🛰️ T-Mobile’s SpaceX bars

…and Ryanair gets booted from booking sites   Stellar service (Allen J. Schaben/Getty Images)   Yesterday’s Market Moves   Dow Jones 37,430 (-0.76%) S&P 500 4,705 (-0.80%) Nasdaq 14,592 (-1.18%) Bitcoin $42,764 (-4.91%) Dow Jones 37,430 (-0.76%) S&P 500 4,705 (-0.80%) Nasdaq 14,592 (-1.18%) Bitcoin $42,764 (-4.91%) Hey Snackers, The House of Mouse could become a House of Horrors: [Disney]( 95-year copyright to the black-and-white Mickey Mouse cartoon “Steamboat Willie” just expired, and already Mickey-inspired [slasher flicks]( are in the works. One even dropped a [trailer](. Stocks fell again yesterday, dragged down by tech. The latest Fed minutes suggested there’s little clarity on when rate cuts could start, cooling optimism. Oil rose after the US repelled an attack by Iran-backed Houthi militants trying to breach a [Maersk]( shipping boat on the Red Sea. Signal SpaceX and T-Mobile launch “direct to cell” service as carriers try to boost bars from space Up, up, and away… SpaceX has teamed up with [T-Mobile]( in [launching]( its first satellites designed to supercharge cell coverage from space (SpaceX is calling it “direct to cell” service). Most people’s bars are powered by cell towers on land, but space satellites can also beam signals directly to phones. While the tech isn’t meant to replace land towers, it can help in emergency situations like when power’s down. - Linked up: T-Mobile’s Starlink satellites will help power the “un-carrier”’s direct-to-cell service starting with text messages (voice and data should follow). - 5G in Fiji: Starlink hopes its satellites will boost global cell coverage and eliminate “dead zones” everywhere, from the Grand Canyon to your folks’ attic. - Window seat WiFi: In addition to its cell-data service, Starlink’s also teamed up with [Hawaiian Airlines]( and Qatar Airlines to provide free WiFi on long-haul flights. Cell towers are soo 2023… [Apple]( kicked off the phone-to-satellite craze in 2022, investing $450M to let iPhone users send emergency texts through mobile satellite company [Globalstar]( (picture: sending an SOS from your desert campsite). In September, [AT&T]( connected the first satellite 5G phone call with satellite partner [AST SpaceMobile]( but has yet to roll out the feature at scale. [Verizon]( announced plans to work with [Amazon]( Project Kuiper satellites to offer a similar service in 2021, but there haven’t been updates. THE TAKEAWAY Phone companies are going back to basics… with connectivity when you need it. While the size of the phone-to-satellite market is TBD, the tech could connect people still struggling with poor connectivity — especially in dangerous situations. Smartphone makers hope that adding satellite connectivity will encourage consumers to upgrade. Deloitte forecasts that 200M+ smartphones with satellite-connecting capabilities will be sold this year. Bumpy 3rd-party booking sites pull Ryanair’s flights after years of budget-pricing beef Capybara slay… Irish budget airline [Ryanair]( (known for its colorful [social media]( presence) announced yesterday that [Booking.com]( Kayak, and other travel-booking sites [stopped]( selling its flights. Ryanair clapped back, calling it a “welcome removal” and alleging the services are “pirates” that overcharge and scam customers. While Ryanair said it expects the block would hurt bookings in the short term, it plans to retain customers by lowering fares and doesn’t expect a significant full-year impact. Possible reasons for the removal: - Policy shift: An Irish high court ruled last month that “screen-scraper” Flightbox unlawfully pulled data from Ryanair for third-party sites to use for bookings. - Corporate beef: Ryanair’s been duking it out in US courts with Booking.com since 2020 over accusations of screen-scraping. Money in the middle… Third-party sites make money mainly by taking a cut of booked travel from airlines, hotels, and customers in exchange for the sales they facilitate. [Expedia]( made $100M in revenue from airfare last quarter — and $3.2B from hotels. Some airlines want customers to book exclusively through their sites: [Southwest]( makes a point of showing fares only on its website (not even on [Google]( Flights, which doesn’t charge its partners). Other airlines incentivize customers by offering more miles and options when they book directly. THE TAKEAWAY Flying solo could have setbacks… Airlines that don’t appear on third-party aggregators could lose out on customers who don’t want to open 12 tabs to price-compare. Ryanair had a banner year in 2023 thanks to booming flight demand, but if vacays cool off, losing its low-priced visibility on aggregators could hurt. On the other hand, customers willing to book directly are more likely to be loyal, repeat flyers. What else we're Snackin' - [Smarter]( Samsung plans to show off new “powered by AI” Galaxy phones this month (think: ChatGPT-like features, offline). After years of camera upgrades, built-in AI could be the next smartphone upselling point. - [Copy]( [Xerox]( will lay off 15% of its staff (3K+ employees) as it prints out a leaner strategy. US workers have lost some leverage, with job openings sliding to a 32-month low and postings falling 15% YoY. - [NotMe]( Genetic-testing service [23andMe]( reportedly blamed its users for a breach that saw hackers steal the DNA and ancestry data of nearly 7M people, saying users “negligently recycled” passwords. It's facing dozens of lawsuits. - [Lux]( Rents are rising in [Roku]( City: the streaming-box maker says it’ll debut high-end TVs priced around $1.5K this spring. The dongle icon’s revenue grew 20% in the past year on device sales and advertising. - [DealerShipped]( [GM]( had its best year for US car sales since 2019, with brands like Buick and Chevy driving 14% annual growth (EVs disappointed). Car sales generally rebounded in the States as inventory challenges eased. 🍪 Thanks for Snacking with us! Want to share the Snacks? Invite your friends to sign up [here](. Snack Fact Of the Day Nearly half of American adults said they were likely going to participate in Dry January [Read more]( Thursday - Earnings expected from Conagra Brands, Walgreens, Simply Good Foods, and Kura Sushi Authors of this Snacks own shares of: Alphabet, Amazon, Apple, Disney, GM, and Roku Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... [See more]( [Sherwood Terms and Conditions]( • [Our Editorial Principles]( • [Contact Us](mailto:hellosnacks@sherwoodmedia.com) • [Privacy Policy]( • [Advertise with us](mailto:advertising@sherwoodmedia.com) [Unsubscribe](