Tag: Q1 2020
Twitter sees record user growth, thanks to COVID-19
Twitter is reporting a record increase in its daily user figures as a consequence of the COVID-19 pandemic of 24 percent, up to 166 million. That’s a big jump on the 134 million it was counting at the start of 2019 and the 152 million monetizable dai… Source
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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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Spotify users are flocking to ‘chill’ playlists during COVID-19
“Every day now looks like the weekend,” says Spotify's newest financial report, and one of the earliest looks at how COVID-19 impacts streaming businesses. The music and podcast company, as expected, saw user growth increase, with 286 million total u… Source
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Netflix memberships grew in Q1 as coronavirus lockdowns spread
The effect of the coronavirus pandemic and stay-at-home orders meant to slow its spread have impacted businesses differently, but for Netflix it means more people are streaming than ever. In its Q1 2020 earnings report (PDF), the company said members… Source
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PC shipments see their largest drop in four years due to COVID-19
Many suspected PC shipments would take a hit from the COVID-19 pandemic, but now it’s clearer as to what the damage was. Canalys estimates that computer shipments fell a steep 8 percent year-over-year in the first quarter of 2020 as Chinese factories… Source
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Stocks post worst quarter since 2008 financial crisis
The first quarter of 2020 ended with a whimper — with the Dow Jones Industrial Average, S&P 500 and NASDAQ posting their worst quarter in decades — as the COVID-19 pandemic continues to cause uncertainty and volatility across all major stock market indices. At the beginning of the quarter, we…
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