Category Archives: Blog

Microsoft cloud success helps push revenue, offsets Windows and PC drops

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 vows to spend billions more on the metaverse next year despite burning a whopping $4 billion on it this quarter

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…

Facebook and Mark Zuckerberg just raised a giant middle finger to Wall Street. The company says its metaverse business will lose even more money next year.

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…

More Chipotle customers are ordering in-store, while the chain keeps investing in digital and drive-thru

Joe Raedle/Getty Images Chipotle saw a huge bump in in-store sales as digital sales dropped slightly. Mobile orders made up nearly half of sales in 2021, and the chain continues to invest heavily. Chipotle is returning the Boorito promotion to restaurants this year. After years of turning toward mobile orders and delivery, Chipotle customers are…

Lindsey Graham says there are ‘gonna be people jumping off bridges in San Francisco by the thousands’ if Jim Jordan becomes chair of the House Judiciary Committee

Republican Rep. Jim Jordan of Ohio and Sen. Lindsey Graham of South Carolina. Tom Williams/CQ-Roll Call via Getty Images GOP Sen. Lindsey Graham campaigned in Ohio for Senate candidate JD Vance. During a speech at a Republican Party dinner in Lima, Graham riled up a crowd of the party faithful. Rep. Jim Jordan of Ohio…