Facebook Reports Earnings After Announcing an Adjusted News Feed Strategy and Microsoft Moves Ahead with Strong Cloud Strategy
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.
The RESTRICT Act seeks to proactively tackle dangerous technology, including TikTok, according to a bipartisan group of senators that includes Mark Warner (D-Va.).
U.S. investigators suspect that a Tesla was operating on an automated driving system when it crashed into a firetruck in California last month, killing the driver and critically injuring a passenger.
Purazar Gowadia, SVP & GM, of Enterprise Solutions at Comcast Business, joins Cheddar News to discuss the biggest trends in customer technology that are driving retail technology needs.
The Federal Trade Commission is seeking information from Twitter for its probe into the company since Elon Musk took over last year, according to The Wall Street Journal.
