Tag: category-/News/Business News

ByteDance and Microsoft offer White House a deal to keep TikTok in the U.S.

(Reuters) — China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday. U.S. officials have said TikTok […]

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ProBeat: Slowing AWS, Microsoft Azure, and Google Cloud revenue growth is a good thing

COVID-19 means work, learning, and life in general are increasingly happening online. Shouldn’t that mean more cloud usage and thus more cloud revenue? Yes, and it does. But that doesn’t necessarily translate to more cloud revenue growth for the three tech giants. Microsoft reported its fiscal Q4 2020 earnings last week, while Amazon and Alphabet […]

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Microsoft reports $38 billion in Q4 2020 revenue: Azure up 47%, Surface up 28%, and LinkedIn up 10%

Microsoft today reported earnings for its fourth fiscal quarter of 2020, including revenue of $38.0 billion, net income of $11.2 billion, and earnings per share of $1.46 (compared to revenue of $33.7 billion, net income of $13.2 billion, and earnings per share of $1.71 in Q4 2019). All three of the company’s operating groups saw […]

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Snap drops 11% as user growth disappoints in Q2 2020

(Reuters) — Snap said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast fewer current-quarter users than the Wall Street consensus. Shares of Snap fell 11% in after-hours trading before paring losses to around 6%. The Snapchat owner said daily active users (DAUs), […]

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Apple News adds free Today podcast, 20 weekly audio stories for News+

Last Chance: Register for Transform, VB’s AI event of the year, hosted online July 15-17. Though Apple’s free News app has been an unqualified hit with iOS, iPadOS, and macOS users, its $10 monthly news subscription service News+ has reportedly struggled since its debut last year. To build further interest in both offerings, Apple announced today […]

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Amazon sweetens $1.3 billion Zoox acquisition with $100 million in stock to keep workers

Take the latest VB Survey to share how your company is implementing AI today. (Reuters) — Amazon plans to create at least $100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them […]

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