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Winners & Losers in Your Inbox.

Scott’s take on the AT&T and Time Warner deal: blocking it makes no sense. AT&T’s competition is Facebook, not Time Warner, and Facebook is kicking its ass.

Winner: tourists visiting the U.K., where luxury goods now cost less (in dollar terms) than anywhere else in the world.

Loser: social apps. Looking at the most popular words startups use to describe themselves when trying to raise money, it appears that “app” and “social” have given way to “artificial intelligence” and “machine learning.”