Tag: Investment & Company Information
Apple had a huge quarter, but revenue growth is slowing
All eyes are on Apple today, after a tumultuous series of earnings reports dropped this week. Google parent company Alphabet missed revenue expectations, while Meta (formerly Facebook) recorded a higher profit than expected this quarter. Apple just released its results and the company has performed respectably in its second quarter…
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Mark Zuckerberg’s bet on the metaverse is off to an expensive start
Mark Zuckerberg’s metaverse pivot is off to slow start. The company now known as Meta lost just over $10 billion on its Reality Labs division in 2021, according to its fourth-quarter earnings report. “This fully realized vision is still a ways off,” Zuckerberg said of Meta’s metaverse investments. “And although…
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The Morning After: Jack Dorsey is stepping down as Twitter CEO, again
Big tech news normally slows as the year winds down, but Jack Dorsey isn’t letting that happen. The Twitter CEO has resigned from the company, with CTO Parag Agrawal replacing him as chief executive. "I've decided to leave Twitter because I believe the company is ready to move on from…
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The Morning After: Facebook is now called Meta
While Facebook the social network is still Facebook, the overarching company that it created is now called Meta. Facebook Inc. is changing its name in order to distinguish its myriad parts from the social network, which has an increasingly poor reputation pretty much everywhere. Particularly in the last few weeks.…
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Facebook is rebranding itself as ‘Meta’
Facebook, the social network, will no longer define the future of Facebook, the company that will now be known as Meta. Facebook Inc. is changing the name in order to distinguish its beleaguered social network, which has an increasingly poor reputation around the globe, from the company that is pinning…
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Hitting the Books: How Bitcoin is somehow worth more than the paper it’s printed on
Bitcoin and similar blockchain-based cryptos exhibit the same radical divergence from traditional scarcity economics that we first saw when MP3s and Napster cratered physical album sales at the turn of the century. Unlike gold, which derives its value from both its myriad uses in fashion and industry as well as…
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