Snap is fucked. Following an earnings call on Tuesday, a fifth of the company’s value disappeared in after-hours trading, Mark Zuckerberg is eating its lunch, Snap Spectacles are in the toilet. Yes, things are bad. But are they Vine-levels of bad? Or Twitter-bad? Trick question, Twitter’s very fucked!
The iPhone X costs more than any phone Apple has ever sold, starting at $1,000 a pop. But Apple expects people will buy truckloads of them anyways, according to the company’s earnings release today, and CEO Tim Cook seems to believe you can afford one, too, because if you break a monthly payment plan down, it’s “less…
Snap Inc., the parent company formerly known as Snapchat just released its first earnings report since its IPO, and the results aren’t pretty. Snap missed analyst revenue estimates by $10 million, bringing in $149.6 million in revenue. And although Snapchat had a 36 percent jump in daily active users on a year over…
Netflix issued its first quarter user gains report to investors today and the fact that it fell short of user growth estimates caused a brief drop in the streaming giant’s stock price. It blamed the lackluster growth on one thing: no House of Cards-style blockbusters. But in reality, Netflix is probably waking up to…
Yesterday, I got off at the wrong subway stop two separate times, ate a bowl of cereal for lunch, and fell asleep reading the entirety of OJ Simpson’s Wikipedia page. Mark Zuckerberg, on the other hand, made $3.4 billion in an hour. You win this round, Mark.
After a decade of explosive growth, Netflix is experiencing some growing pains. Though Americans are watching more online video than ever, Netflix is facing steeper competition (from rivals like Google, Amazon, Apple, and HBO) in addition to an uncertain future in international markets.
The Marvel Cinematic Universe movies and the Dark Knight series may rule the box office, but the real superhero money comes from licensed products. And the superhero with the most lucrative license—earning a whopping $1.3 billion a year—is neither Bat nor big-screen Avenger.
For the first time in two years, Apple has seen an increase in sales of its Mac computers. Not just an increase; a nearly 20 percent jump over a year ago. That's... kind of nuts?
If you already feel a little hard done by when it comes to your pay check, brace yourself. Bloomberg reports that four of the five best-paid executives across the whole of the US are employed by Apple—and just wait until you hear how much they earn.
For once, Nokia's earnings report isn't the kind of thing which makes investors weep like small children. In the fourth quarter of 2012 the Finns became successful once more—netting a $585 million profit.
With $2.7 billion of revenue and a loss of .22 dollars per share, RIM did slightly less bad than expected. Yay, RIM!
All is not well at Meg Whitman's HP, we learned during the company's fourth-quarter earnings call this morning. HP just recorded a $9 billion devaluation of its assets stemming from serious accounting tomfoolery at a company that HP bought for $11 billion last year. Ouch.
According to an international financial statement filed by Apple, the company manages to pay just 1.9 percent income tax on its foreign earnings, meaning it pays a mere $713 million in tax on earnings of $36.8 billion.
In the second quarter of 2012, Samsung sold 50.5 million smartphones—twice as many as Apple—which sees the company extend its sales lead ahead of the iPhone.
Microsoft just posted its fourth quarter results, and for the first time since the tech giant was founded, it lost money. But this isn't necessarly all doom and gloom the beginning of the end—not yet anyway.
HP's quarterly earnings may have outperformed expectations, but it's not good enough: the Silicon Valley company confirmed rumors that it would cut lots of jobs. 27,000 jobs to be precise. That's 8-percent of its workforce.
Netflix had a pretty bad 2011. And that might be underselling it since the company pretty much destroyed all the goodwill it developed over the years and became a laughingstock. No matter! Netflix just announced its earnings for the fourth quarter of 2011 and things are looking good.
Google just reported its earnings results from the most recent financial quarter, and while there's not too much to go on yet, it's notable that for the first time, the company took in over $10 billion of revenue in a single three-month period.