New York Times: Twitter’s revenue jumps 28 percent in its first post-Trump quarter.

New York Times: Twitter’s revenue jumps 28 percent in its first post-Trump quarter.. “Twitter said on Thursday that its revenue in the first quarter of the year was $1.04 billion, a 28 percent increase from the same quarter the previous year that modestly exceeded analyst expectations. Net income for the quarter was $68 million, a turnaround from an $8.4 million loss in the same quarter a year ago.”

CNET: Amazon sales surge as COVID lockdown continues to provide a lift

CNET: Amazon sales surge as COVID lockdown continues to provide a lift. “There was no announcement in Amazon’s earnings report Thursday that could touch the drama of the previous quarter’s news. In February, CEO Jeff Bezos announced he would step down at mid-year, Amazon Web Services CEO Andy Jassy would take on his role. In the first quarter, Amazon got back to what has been a recurring theme: Making tons of money as more consumers embrace online shopping not as a luxury, but a way of life, in the midst of a pandemic.”

AP: L.L. Bean sees sales boom amid pandemic’s push to the outdoors

AP: L.L. Bean sees sales boom amid pandemic’s push to the outdoors. “With Americans hunkering down and hankering to get outdoors during the pandemic, L.L. Bean recorded its best annual sales growth in nearly a decade, the company said Friday. The Freeport-based retailer started its fiscal year with store closings and worries about survival, but the company weathered the turbulent times with revenue growth of 5 percent, the best showing since 2011.”

CNN: Facebook stock jumps 7% as pandemic helps make its audience even bigger

CNN: Facebook stock jumps 7% as pandemic helps make its audience even bigger. “Facebook (FB) said Thursday that it had 2.7 billion monthly active users at the end of the June quarter, a 12% increase from the prior year. When factoring in all of Facebook’s various apps, including Instagram and WhatsApp, the company topped 3 billion users for the first time. With more eyeballs, Facebook also saw revenue grow 11% to nearly $18.7 billion for the second quarter, even as the broader economy contracted.”

ZDNet: The mysterious disappearance of Google’s click metric

ZDNet: The mysterious disappearance of Google’s click metric. “Clicks are at the heart of Google’s business, so why are these metrics no longer viable? And why hasn’t this change been noticed widely? Why didn’t the Wall Street analysts ask about these missing numbers in the financial call the same day as the report was released? What is Google hiding?” At this writing there are only two comments on the article, and they’re both from the author, Tom Foremski, continuing his thoughts.

New York Times: The Gap Between the Haves and Have-Nots of Tech Widens

New York Times: The Gap Between the Haves and Have-Nots of Tech Widens. “In the last two weeks, Microsoft, Apple and Amazon — like Alphabet, all flirting with a $1 trillion stock value on Wall Street — posted record results. The final member of tech’s Big Five, Facebook, which is a little more than halfway to a $1 trillion valuation, also reported strong earnings. With each passing quarter, tech’s wealthiest companies are building on their power, making it harder for smaller outfits to compete and for entrepreneurs to build the next Google or Facebook.”

CNET: Snap misses on revenue but attracts more daily users

CNET: Snap misses on revenue but attracts more daily users. “Snapchat roped in new users during the last three months of 2019 but didn’t rake in as many ad dollars as expected, a sign that the ephemeral messaging app is still struggling to keep up with rivals such as Facebook-owned Instagram and TikTok. Snap, the parent company of Snapchat, said Tuesday that 218 million people logged into the app daily during the fourth quarter, up 17% from the same period last year.”

Globe and Mail: Shares in Google parent Alphabet fall on worst fourth-quarter revenue growth since 2015

Globe and Mail: Shares in Google parent Alphabet fall on worst fourth-quarter revenue growth since 2015. “Alphabet Inc’s new Chief Executive Sundar Pichai unveiled sales figures that investors have long demanded, but shares fell 5 per cent as Google’s advertising business and the new data about YouTube and Google Cloud broadly disappointed.”