Facebook and Microsoft released earnings after the Closing Bell today. The two tech companies beat expectations for both revenue and earnings per share.
Microsoft saw growth across the board, including in their cloud sector. Intelligent Cloud revenue rose 15% to $7.8 billion.
For Facebook, the social media still had strong earnings despite changing their news feed algorithm. Despite wins on both revenue and EPS, shares fell after the bell.
Keenan Beasley is the co-founder of BLKBOX, a marketing and intelligence agency that works closely with Facebook. Beasley joins Cheddar to give his take on Facebook earnings. Beasley is impressed by the increase of active users and believes ad revenue will just continue to grow. Beasley expects Facebook to produce less ads, but each advertisement will be more valuable, more expensive to buy, and therefore create higher profits for Facebook.
One granddaughter is making her grandmother’s dream of being a fashion designer come true with the help of TikTok.
The University of Texas is now barring access to TikTok on its WiFi network.
Apple unveiled a new and improved HomePod.
Mike Dooley, Co-founder and CEO of Labrador Systems, joins Cheddar News to discuss the company's 'Labrador Retriever' personal robot, aiming to support caregivers and help people with health issues live independently.
Volkswagen U.S. CEO Pablo Di Si joined Cheddar New to discuss record quarterly electric vehicle sales and his reaction to Tesla trimming prices on some vehicles by 20% last week. “We'll continue with our pricing strategy, we're not cutting prices on the vehicle's quality over quantity and product content,” he said.
Cheddar News dives deep into the world of stress relief technology at CES.
Spotify became the latest tech company to call on the European Union to take action against Apple over anti-competitive practices.
SpaceX launched its Falcon 9 rocket to bring a powerful GPS satellite into orbit for the U.S. Space Force.
Amazon has begun cutting about 18,000 workers this week, affecting largely Amazon stores and some in the technology unit.
