In a speech at an Amazon conference, CEO Jeff Bezos sounded unconcerned by reports that regulators are eyeing the company, potentially for a break-up.
Source: Wired
2019 is a great year for Zoom (Nasdaq: ZM). The company outperformed analyst expectations on Thursday with the release of its first earnings report.
The profitable video communications business, which went public in one of the year’s most successful initial public offerings this April, posted revenues of $122 million for the three months ended April 30, 2019, representing a year-over-year increase of 109%.
The Zoom stock is rising in after-hours trading following the news. Zoom closed up 2 percent Thursday at just over $79 per share. The stock has been trading at more than double its initial offering price in two months following its IPO.
“In our first quarter as a public company, strong execution and expanding adoption of Zoom’s video-first unified communications platform drove total revenue growth of 103% year-over-year,” Zoom founder and chief executive officer Eric Yuan said in a statement. “Delivering happiness to our customers is our number one priority. If we keep them happy, we believe we will succeed today and in the future.”
Zoom, once a relatively under-the-radar tech unicorn, continues to defy expectations. The company priced its IPO back in April at a meager $36 per share only to pop 81% at its Nasdaq debut.
In its first-earnings report, the company beat expectations once again. Analysts had expected revenue of $111.4 million with adjusted earnings per share of just under 1 cent, compared to Zoom’s confirmed earnings of 3 cents per share.
For the full year, San Jose-based Zoom expects total revenue of between $535 million and $540 million and non-GAAP income (loss) from operations of between $0 and $3 million.
Source: TechCrunch
A recently uncovered Microsoft patent reveals the company’s work on making folding screens more durable. This could help make future Microsoft foldable devices, like the rumored Centaurus, less susceptible to screen damage.
Source: Digital trends
If you follow Apple news, you may be wondering, “What is Project Catalyst anyway?” This important Apple project is all about creating apps that can work on iPads and Macs interchangeably.
Source: Digital trends
Google Stadia, the upcoming cloud gaming service, pitches itself on accessibility. It’s a platform for everyone, playable on any screen. Except that’s not quite true. Stadia has many restrictions, terms, and conditions.
Source: Digital trends
This week an image of the couple at Buckingham Palace provided meme fodder—and metaphors.
Source: Wired
The US Women’s National Team starts defending their World Cup title, and you’re going to want to watch.
Source: Wired
In South Africa, a right-wing enclave turned to blockchain to cut themselves off from the black-majority state.
Source: Wired
Yes, sexism plays a role. But tech companies keep you glued to your devices by making sure their digital assistants never take offense—even at misogyny and bigotry.
Source: Wired
Apple and Google have laid their cards on the table. Now it’s up to us to compare their hand.
Source: CNET