Workday CEO Aneel Bhusri says Anthropic, Google, and OpenAI use Workday tools and “no amount of vibe coding” could replace them; WDAY is down about 40% YTD
Brody Ford /Bloomberg:NEW
Workday reports Q4 revenue up 14.5% YoY to $2.53B, vs. $2.52B est., and forecasts FY 2027 subscription revenue below estimates
Workday reported a solid fourth quarter, but its subscription outlook was light. — The company reported fourth quarter earnings …
Snap reports Q4 revenue up 10% YoY to $1.72B, vs. $1.7B est., DAUs up 5% to 474M, vs. 478M est., forecasts Q1 revenue below est., and announces a $500M buyback
Snap shares were up over 5 percent in after-hours trading on Wednesday after the Snapchat-parent released fourth-quarter earnings that beat on sales.
Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours
Brody Ford / Bloomberg :
Zoom reports Q2 revenue up 5% YoY to $1.22B, Enterprise revenue up 7% to $730.7M, vs. $716.7M est., raises FY 2026 forecast above est.; ZM jumps 6%+ after hours
Brody Ford / Bloomberg :
Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., net income up 47% YoY to $207.1M, and drops “Video” from its name, now Zoom Communications Inc.
Jordan Novet / CNBC :
Sources: fast-fashion giant Shein confidentially files for a US IPO, potentially in 2024, with Goldman Sachs, JPMorgan Chase, and Morgan Stanley as underwriters
I began writing about Shein in 2018. Chinese retailers and logistics companies are ahead of the curve and although Shein … Gabrielle Fonrouge : The moment has finally come — SHEIN...
Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024
> stories —> reels (Currently we are in reels engaging like crazy but making less $$$) Mike Swift / @swiftstories : Reels #AI recommendations have driven a more than 24% increase i...
Mark Zuckerberg disputes the narrative that Meta is moving its focus away from a metaverse vision and sees AI tech working in tandem with the metaverse
Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters.
Meta says Facebook had 2B daily active users at the end of Q4, after adding 16M DAUs; WhatsApp crossed 2B daily active users in October 2022
Karissa Bell / Engadget :
Meta reports Q4 revenue down 4% YoY to $32.2B, net income down 55% YoY to $4.7B, and family daily active people up 5% YoY to 2.96B; stock jumps 24%+
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter and full year ended December 31, 2022.
Alphabet reports Q3 revenue up 6% YoY from $65.1B to $69.09B, $13.91B net income, down from $18.94B YoY, 186,779 employees, up from 150,028 YoY; stock drops 5%+
MOUNTAIN VIEW, Calif. - October 25, 2022 - Alphabet Inc. today announced financial results for the quarter ended September 30, 2022.
Alphabet reports its “Other Bets” lost $1.16B in Q3, up 25% YoY from $1.29B, on $209M revenue, up 15% YoY from $182M
Abner Li / 9to5Google :
Sources: Meta has drawn up plans to add “social tokens”, lending services, and a non-blockchain virtual currency that employees dubbed “Zuck Bucks” to its apps
Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps …
Square partners with Blockstream, says it will invest $5M to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the US
Square Inc. will invest $5 million to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the U.S. through a partnership with the blockchain technology pr...
Square launches Online Checkout to let sellers accept card payments without having to build an entire online store
And (Cash) Challenges Tweets: Sean D. Emory / @_seandavid : Interesting rollout by Square: $SQ Square launches online checkout. Create buttons, links, etc. Add to Instagram, or tra...
Square says it has received conditional FDIC approval to operate a bank, Square Financial Services, which will provide small-business loans and launch in 2021
Referenced Symbols — Square Inc. SQ, -11.69% announced late Wednesday that it had received conditional approval …
Sources: Square is testing a new Cash App feature that would let users make free stock trades
Julie Verhage / Bloomberg :