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.”

CNET: Facebook sees strong user growth as coronavirus pandemic creates uncertainty

CNET: Facebook sees strong user growth as coronavirus pandemic creates uncertainty. “Facebook’s first-quarter revenue and user numbers beat Wall Street expectations Wednesday, even as the social media giant cautioned that the coronavirus pandemic has caused ‘unprecedented uncertainty’ for the future of its ad business.”

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.”

New York Times: Facebook’s Revenue Rises Again, but More Slowly Than Ever

New York Times: Facebook’s Revenue Rises Again, but More Slowly Than Ever. “Facebook’s revenue in the last three months of 2019 rose 25 percent from a year earlier to $21 billion, while profits jumped 7 percent to $7.3 billion, the Silicon Valley giant said. While the performance was robust, the revenue growth was down from 28 percent in the previous quarter, turning 2019 into a year when the company did not report sales growth above 30 percent in any quarter.”

CNET: Google stumbles on earnings as it deals with outside turmoil

CNET: Google stumbles on earnings as it deals with outside turmoil. “Tensions continue to mount for Google, as the search giant faces antitrust blowback from both federal and state officials, as well as massive dissent from its own employees. Now as the company faces those pressures, it’s got another issue to deal with: Its profits were weaker than expected in the third quarter. On Monday, the company released a sluggish financial report. “

TechCrunch: Twitter Q3 misses big on revenues of $824M and EPS of $0.05 on the back of adtech glitches

TechCrunch: Twitter Q3 misses big on revenues of $824M and EPS of $0.05 on the back of adtech glitches. “Twitter… reported its earnings for the quarter that ended September 30, and the numbers delivered a big surprise, falling on both sales and earnings per share. Revenues came in at $824 million, and EPS at $0.05. That represents sales up 9% year-over-year but far below what analysts had been expecting: (non-GAAP, diluted) EPS of 20 cents per share and revenues of $874.03 million (or higher, $883 million, depending on which group of analysts you’re following).”

CNET: Snap’s earnings show growth despite competition from Facebook, TikTok

CNET: Snap’s earnings show growth despite competition from Facebook, TikTok. “Snap appears to be making a comeback, attracting new users after it announced a new version of its augmented reality sunglasses. The parent company of ephemeral-messaging app Snapchat said Tuesday that it had 210 million daily active users, an increase from the 203 million daily active users the company reported in the second quarter.”