Alphabet’s strategy of trying to stuff the difference between declining mobile advertising value with additional clicks appears to still be paying off as the company once again showed Wall Street that it can make a ton of money and continue to grow. Alphabet (we’re just gonna call it what it is because we’re talking about the core business: Google) reported earnings of $9.06… Read More
Alphabet reports a strong third quarter despite free-falling advertising values
Well, now we know why Twitter decided to move its earnings report to before the market opens (when the West Coast will conveniently, largely be asleep).
Bloomberg is reporting that the company may cut up to 8% of its staff, or around 300 people, and that the cuts could be announced as soon as this week. As usual these situations are very dynamic, so all of the above could shake out to be… Read More
Twitter’s sales team is taking a hit in big upcoming layoffs
Yahoo made slightly more money than Wall Street expected — and no one cares at this point. The company reported its third-quarter earnings, basically falling a hair above what everyone was looking for on its earnings and in line with revenue. But at this point the company is in the process of getting acquired by Verizon. As such, stock prices and whatnot like that don’t… Read More
Jack Dorsey really needs a hit. After Twitter’s weak second-quarter showing, and both stocks not performing well in the past year, Dorsey — as the lead of both companies — needs to show investors his strategies are working (and that he can run both companies).
Well, he certainly got one today. Square reported its second-quarter earnings, where it brought in $439 million in… Read More
Jack Dorsey gets a much-needed strong second quarter performance from Square
Fitbit is not having a good day, with the stock crashing more than 11 percent after reporting its first-quarter results.
Here’s the rub: its guidance for the second quarter came in light. Very light. Industry watchers were expecting the company to report earnings around 26 cents per share, while the company put its outlook at earnings between 8 cents per share and 11 cents per share. Read More
Fitbit shares tank after reporting a weak outlook amid rising competition