Domain Daily: Ads, Ads, Everywhere

The Dose

  • Lockscreen Takeover

  • Amazon Partners With Grubhub

  • A New Ethereum Miner?

Ads Are Coming to Your Phone's Lockscreen

Glance, an ad-tech company backed by Google, will launch its lockscreen platform on Android phones in the U.S. by the end of the summer.

The Point: Glance wants to own your lockscreen. Before you even log in to your phone, Glance's platform displays content and news headlines. But, of course, it also serves up a healthy dose of advertisements. To get its software on new Android phones, Glance plans to team up with wireless carriers so it's already there before you turn your phone on for the first time. If there's a lesson here, it's this: where there's an ad-free spot in your digital life, there's a tech company out there looking to claim it as its own.

June Rebalance Update

Amazon Prime Adds Food Delivery Benefit

On Wednesday, Amazon announced that Prime members will now get a one-year subscription to Grubhub Plus.

The Point: As you'd expect, Prime is a big moneymaker for Amazon. The "subscription services" segment, which includes Prime and other offerings, generated $31.8 billion in sales for the company. That was about 7% of Amazon's total revenue for the year. So while the company doesn't break Prime out specifically, it's safe to assume it makes up the bulk of the segment's sales. That's all a long way of saying that expanding Prime's subscriber base is critical to Amazon's continued success. By adding a food delivery benefit, the retail giant is adding one more reason to pay the $139 annual fee for joining Prime. Amazon stands to win in another way. As part of the deal, Amazon also said it was taking a 2% stake in Grubhub's parent company. So if this partnership increases Grubhub Plus subscriptions, Amazon would also stand to gain from that. 

Check in-app Prices

Bitmain Is Selling a New Ethereum Mining Rig

Bitmain's new Ethereum miner, its first since 2018, is hitting the market at a curious time. 

The Point: Here's why this is odd: the Ethereum network is transitioning from proof-of-work to proof-of-stake (an event commonly referred to as "the Merge"). If that happens, and that's a big if, given the event has been repeatedly delayed, mining Ethereum will no longer happen. So why is Bitmain trying to sell mining machines that could soon be unnecessary? One possibility is that they already built the machines and are now trying to unload them before the transition happens. On the other hand, this could be a sign that Bitmain is skeptical that the switch will happen anytime soon. If the Merge is further out than Ethereum developers would have us believe, that would undoubtedly affect the coin's price.

Ethereum 2.0

Domain Money, Inc. is providing this news summary for informational purposes only. While Domain Money believes that the information contained herein is reliable and derived from reliable sources, it makes no representation, warranty or undertaking, stated or implied, as to the accuracy or completeness of the information. Domain Money expressly disclaims any liability or loss incurred by any person who acts on the information, ideas discussed. The information contained herein is not, and shall not constitute an offer to sell, a solicitation of an offer to buy or an offer to purchase any securities or cryptocurrency, nor should it be deemed to be an offer, or a solicitation of an offer, to purchase or sell any investment product or service.  Investing comes with inherent risks and you should always invest within your means and risk tolerance.  Past performance is not an indication of future returns and you should always consult a financial advisor prior to making investment decisions. Please see important disclosures at

*The content team responsible for the above content uses primary and secondary sources they believe to be accurate, which includes but is not limited to Bloomberg, The Wall Street Journal, Financial Times, and CNBC, among others. 

*Domain Money Advisors, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission and an affiliate of Domain Money, has (as of this writing) the following assets mentioned in this communication as part of its managed portfolios: GOOGL, AMZN, ETH