Enlarge / / Jeff Bezos speaks via video conference during a meeting of the House Judiciary Committee on Wednesday, July 29, 2020. Emails released by the House Judiciary Committee this week confirm an accusation that critics have long launched against Amazon: that the aggressive lowering of diaper prices in 2009 …
Read More »Alphabet beat Wall Street expectations for second quarter earnings
– Alphabet has announced its second-quarter earnings for 2020, slightly exceeding Wall Street expectations. But it was not enough to save the company from its first drop in revenue. Cloud was one of the brightest places for Google, with a 43% year-over-year increase. Despite the drop, the company’s shares held …
Read More »Amazon’s second-quarter earnings beat estimates, as coronavirus purchase boosts revenue and profits
Amazon (AMZN) posted second-quarter earnings on Thursday that shattered Wall Street estimates, fueled by consumer trends during the coronavirus pandemic that have catapulted the tech giant to one of the biggest beneficiaries of the crisis. The company’s results are even more impressive given that it acknowledged having spent more than …
Read More »Alphabet Second Quarter Results Show Ad Spending Still Routine
Google’s parent company Alphabet Inc. met street expectations on Thursday despite a drop in advertising that hurt the company for the second consecutive quarter. The company Herzegovina, + 0.97% GOOG, + 0.62% reported net income of $ 6.96 billion, or $ 10.13 per share, compared to net income of $ …
Read More »Drake and J. Cole try to age gracefully
Drake and J. Cole are coming up there. At 33 and 35, respectively, the two titans have more in common now than during the decade in which they critically and commercially clashed with each other. They are both relatively new parents and closer to their forties than they were in …
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