Blackberry shares soared after the company beat analysts earnings forecasts. John Chen, CEO of Blackberry, joined us to break down the results.
Blackberry's results were boosted by an increase in business software sales and licensing revenue. Chen says Blackberry has 2 major focuses. The first is the enterprise software business and the other is the auto sector. Blackberry has been in the auto business for 8-10 years, but made a bigger push about 4 years ago, he points out.
Chen says there are 60 million cars on the roads using blackberry software. Looking forward, the company is working on designing new components such as lane-changing and communication capabilities with other cars and infrastructure. He sees a huge opportunity in the space, emphasizing that about 100 million cars are made every year.
Political ad spending will reach $6.89 billion this election cycle according to eMarketer, up 63.3 percent compared to the 2016 elections.
Ride-hailing service Lyft's annual loss more than doubled last year to over $2.6 billion, but the company claimed progress as revenue jumped 68 percent and ridership grew.
Geoffrey Colon and Aya Kikimova, Head of Brand Studio and Brand Studio at Microsoft Advertising, join Cheddar to discuss their new report that explores trends of the past and present that will impact the next decade.
__________________
Check out the report [here](https://about.ads.microsoft.com/en-us/blog/post/january-2020/2020-vision-trends-to-define-the-next-decade).
Xenex Disinfection Services has offered to ship out its germ-killing robots free-of-charge. But first, the San Antonio-based company needs assurances that China will respect its intellectual property.
Cybereason's Chief Information Security Officer Israel Barak discussed with Cheddar about preparing for beyond the standard fears of hacking votes.
The exemption granted by the Department of Transportation allows the company to introduce its second-generation vehicle lacking a steering wheel, transparent windshield, mirrors, and gas and brake pedals.
COO Matt Bromberg discussed with Cheddar how more engaged players also mean more spending in an industry that relies on microtransactions within free-to-play games.
The auto giant's first chief sustainability officer, Dane Parker, says he sees electric vehicles overtaking combustion engine cars as overwhelmingly as cars overtook the horse and buggy.
Jeff Weiner will become executive chairman after 11 years as CEO of the Microsoft-owned business. Ryan Roslansky, senior vice president of product, will become CEO as of June 1.
Adjusted for one-time items, earnings came to $1.53 per share. Analysts polled by FactSet expected earnings of $1.46. Revenue rose 36% to $20.9 billion. Wall Street expected revenue of $20.7 billion. Disney shares rose 1.2% in after-hours trading to $146.50.
