Tag: category-/News/Business News

Apple plans to reopen U.S. stores in April, following Trump guidance

Dovetailing with comments today from U.S. President Donald Trump that he will attempt to resume the country’s business operations by Easter, Apple has informed employees that it expects to begin reopening retail stores during the first half of April. The plan was disclosed in a memorandum from Apple retail chief Deirdre O’Brien. As an Apple senior VP […]

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Digi-Capital: Over $4.1 billion invested in AR and VR in 2019

Digi-Capital’s AR/VR Analytics Platform tracked $4.1 billion in AR/VR investment in 2019, the third-highest virtual reality investment and augmented reality investment year on record after 2017 and 2018. However, investment dropped significantly in Q4 2019 compared to the previous quarter in terms of both deal volume (i.e., the number of deals) and deal value (i.e., […]

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If a tech company sells ads, is it an ad-tech company?

If you were looking for signs of health in the ad tech market, you might look at the performance of the handful of publicly traded ad tech stocks — Criteo, The Trade Desk, Rubicon, etc — and you would get one, cautionary view on the segment. Or you might look to the private market acquisitions […]

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Trial by fire: This year will expose the best and worst tech startups

Markets go up, then they go down. That is the way they have always worked, but we always seem shocked when the pendulum swings the other way. Even before the coronavirus started to put intense pressure on global markets, the tech startup sector was heading for a rude awakening. For months we have been reading […]

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Is Uber killing the U.S. middle class?

Last week, Uber managed to surprise investors with its earnings report showing shrinking losses and giving an optimistic profit forecast. The news pushed the stock price up by 9% at one point. Although that gain was short-lived, many analysts are turning from skeptics to believers about Uber’s future. Why? People like to search for historic […]

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Some Tilt Five AR tabletops may face coronavirus delays

AR startup Tilt Five confirmed in a recent backer update that the coronavirus may impact the shipment of some early kits which were scheduled to be sent to backers this month. Tilt Five is a tabletop AR system that finished a fully funded Kickstarter in October. The majority of the kits were scheduled to be […]

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YouTube revenue shows its potential as a standalone company

Alphabet reported its Q4 2019 financials yesterday, and the figures revealed the company’s worst fourth-quarter revenue growth in four years. But arguably the biggest highlight of the event was YouTube, as Google finally revealed its video-streaming subsidiary’s true value. YouTube garnered just north of $15 billion in ad revenue alone in 2019, an increase of […]

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Alphabet sees worst Q4 since 2015, breaks out YouTube ads for the first time

(Reuters) — Google-parent Alphabet’s worst fourth-quarter revenue growth since 2015 sent shares down nearly 5% on Monday, overshadowing the disclosure for the first time of YouTube advertising revenue. Revenue from Google’s cloud service rose 53% to $2.6 billion in the quarter and advertising on YouTube rose 31% to $4.7 billion. In addition, YouTube generated about […]

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Xbox Q2 revenue sinks 21% as Microsoft reloads for next gen

Microsoft’s gaming revenue dropped significantly in the second quarter of its fiscal 2020. Xbox’s Q2 revenue plummeted 21% year-over-year during the three-month period ending December 31. But while that is a precipitous decline, it looks worse than it actually is. This decline is due to Xbox One pushing far past its prime. Microsoft is planning […]

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SCVX stages $200 million IPO to acquire cybersecurity firms

SCVX is going public today through what has been called a “blank check IPO,” where investors put money into a shell company for the purpose of acquiring another company or companies. This company will then use the estimated $200 million from the IPO, known as a special purpose acquisition company (SPAC), to acquire cybersecurity companies. […]

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AMD sees $2.13 billion in Q4 revenue thanks to Ryzen and Radeon refreshes

In the fourth quarter ended December 31, Advanced Micro Devices reported earnings that beat Wall Street’s expectations for the maker of processors and graphics chips. The big chip maker announced non-GAAP earnings per share was 32 cents on revenue of $2.13 billion. Analysts expected EPS of 31 cents on revenue of $2.11 billion. The revenue […]

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Netflix beats Q4 2019 subscriber expectations, misses on Q1 2020 forecast

(Reuters) — Netflix missed Wall Street subscriber forecasts for the first quarter Tuesday, amid pressure from lower-cost services from Walt Disney and Apple in the streaming video wars. The streaming giant added more paying subscribers than Wall Street expected in the fourth quarter, beating international subscriber estimates but missing estimates for U.S. subscriber growth. Netflix […]

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The next global recession: Why this time it is (really) different

U.S. stocks and bonds are at all time highs in a relentless “melt-up” that seems to ignore anything you can throw at it: Iran, Hong Kong, and Trump’s war on China aren’t making a dent. It’s the longest bull run in history, surpassing its 10th year in December. How long can this go on? … […]

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