Tag: earnings
Tesla delays Semi electric truck to 2021
You’ll have to wait a while longer before you see Tesla’s Semi hauling cargo. As part of a presentation discussing earnings, Tesla said it was “shifting” (read: delaying) deliveries of its electric big rig to 2021, or two years past its original 2019… Source
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The lockdown is driving people to Facebook
The quarantine lockdown is driving a record number of users to Facebook’s products. On a conference call, CEO Mark Zuckerberg disclosed a number of new metrics highlighting a significant bump in Facebook usage during the broader quarantine lockdown. In the past month, more than 3 billion internet users logged onto…
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Facebook usage soars during coronavirus pandemic
The coronavirus pandemic has, so far, been very good for Facebook’s metrics. It can’t say the same for its ad business.The company saw a surge in user growth, with an average of more than 1.73 billion daily active users (DAUs) in March, Facebook repo… Source
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Microsoft says COVID-19 had ‘minimal’ impact on its business
Microsoft seems to be faring the coronavirus pandemic just fine. In its Q3 2020 earnings report, Microsoft assured investors that COVID-19 had a “minimal net impact” on the company’s revenues. The numbers don’t lie: it’s reporting revenue of $35 bill… Source
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eBay Q1 reports sales of $2.374B, active buyers up to 174M in wake of COVID-19
After a quarter in which eBay, tussling with an activist investor, completed the sell-off of its ticketing business StubHub for $4 billion and saw appointed a new CEO after its previous one departed, while also weathering waves of surging demand and dodgy supply resulting from the COVID-19 pandemic, today the…
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Microsoft shares rise after the tech giant posts 15% growth
Today Microsoft reported its third-quarter, fiscal 2020 quarter earnings, the period of time corresponding to Q1 2020 on the regular calendar. The technology giant generated $35 billion in revenue, up 15% from the year-ago period. That top line led to $13 billion in operating income (+25% YoY), and $10.8 billion…
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