Earlier this year, Meta posted its first quarterly revenue decline. Once again, Meta’s financials aren’t inspiring much faith in its investors this quarter. Meta’s revenue declined 4% year over year to hit $27.7 billion; but Meta CFO David Wehner pointed out on the earnings call today that some of this decline is owed to inflation….
Monthly Archives: October 2022
As the third-quarter earnings drumbeat continues, we learned more about the state of global supply chains, global consumer appetite for big-ticket items and the future of self-driving technology. After the bell this afternoon, Ford beat Wall Street analyst revenue estimates of $36.25 billion, per Yahoo Finance, with automotive Q3 2022 top line of $37.2 billion,…
A follow-up to the Quest 2, Meta is launching another consumer-grade virtual reality headset next year. The company announced this during today’s Q3 earnings call, in which the company marked yet another $3 billion quarterly loss to its metaverse investments. But CFO David Wehner says that some of this continued cost can be explained via…
They came as soon as Elon Musk announced he was buying Twitter. A wave of tweets from users dramatically proclaiming they would leave Twitter if/when the deal went through. Thanks to the drama being prolonged by Musk first reneging on the acquisition, then changing his mind to follow through on his original intent to buy…
People on TikTok are using tracks from Taylor Swift’s Midnights to talk their talk and go viral. Swift’s tenth studio album, Midnights, has been out for less than a week, and it’s already taking over TikTok. However, the most popular tracks on the platform may or may not surprise you. SEE ALSO: Taylor Swift’s ‘Midnights’…
Reddit is often called “the front page of the internet,” where users post all sorts of links and stories to what’s happening around the world. But this week, Reddit itself was thrust into the spotlight after a fake post on the platform became part of a high-profile trial being livestreamed to an audience of millions….
Apple wasted no time, releasing the first beta of iOS 16.2 and iPadOS 16.2 to developers, just days after the public launches of iOS 16.1 and iPadOS 16.1. Looking at the official release notes, we see the beta will finally allow people to get their hands on the Freeform app for iPad, which was first…
Microsoft has announced strong Q1 2023 financial results thanks largely to the success of its cloud services, despite losses in its flagship Windows PC vector. The company’s Microsoft Cloud division raked in $25.7 billion worth of revenue in the quarter, a 24% increase from the same period last year. The business now accounts for over…
Mark Zuckerberg as an avatar during Connect 2022 Facebook/Meta Meta said it might accelerate spending by 15% next year. Meta currently faces a number of headwinds, including a potential recession and a slowdown in the advertising market. The decision comes just days after a prominent tech investor wrote an open letter urging Mark Zuckerberg to…
Mark Zuckerberg showed full avatar at Meta connect event Facebook Facebook warned that its Reality Labs metaverse business will lose even more money in 2023. This year, the company is on track to burn through more than $10 billion on this endeavor. Shares of the company slumped to their lowest level since 2016. Facebook is…