Fri. 11/08 – Share To TikTok
Techmeme Ride Home
Brian McCullough
4.7 • 984 Ratings
🗓️ 8 November 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
Some interesting moves over at Block. Share to TikTok could be something major for the music industry. Amazon’s offer to invest again in Anthropic comes with some interesting strings attached. More signs that the smartglasses category is coming now. And, of course, the Weekend Longreads Suggestions.
Sponsors:
- LegalZoom.com promocode Techmeme
Links:
- Block reports revenue miss but a slight beat on earnings (CNBC)
- Jack Dorsey's Square to Invest More in Bitcoin Mining and Shut Decentralized 'Web5' Venture (CoinDesk)
- TikTok’s latest feature lets music fans ‘Share to TikTok’ from Spotify and Apple Music (TechCrunch)
- Amazon Discussing New Multibillion-Dollar Investment in Anthropic (The Information)
- Baidu Readies AI Smart Glasses to Rival Meta’s Ray-Bans (Bloomberg)
Weekend Longreads Suggestions:
- Your TV set has become a digital billboard. And it’s only getting worse. (ArsTechnica)
- What I Learned From Destroying Myself at the NYC Marathon (Intelligencer)
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the TechMeme right home for Friday, November 8th, 2024. I'm Brian McCullough today. |
| 0:08.5 | Some interesting moves over at Block. Share to TikTok could be something major for the music industry. |
| 0:13.7 | Amazon's offered to invest in Anthropic again. Comes with some interesting strings attached. |
| 0:18.5 | More signs that the Smart Glass glasses category is coming now, |
| 0:21.3 | and of course the weekend long read suggestions. |
| 0:23.6 | Here's what you miss today in the world of tech. |
| 0:32.7 | Weird stuff going on at Block, formerly known as Square. |
| 0:37.2 | They had earnings that were mixed, a revenue |
| 0:39.5 | miss, but a slight beat on earnings. But it's the restructuring that is going on over there |
| 0:44.0 | that is making headlines. First, summing up the earnings, quoting CNBC, the cash app business |
| 0:49.5 | to the company's popular mobile payment platform and a significant contributor to overall |
| 0:53.4 | profitability reported |
| 0:54.3 | $1.31 billion in gross profit, a 21% year-over-year jump. Block run by Twitter co-founder Jack Dorsey |
| 1:00.7 | said monthly active users of its cash app card increased 11% from a year earlier to more than |
| 1:06.7 | $24 million. Going into earnings, analysts were focused on the company's Buy Now Pay Later unit. |
| 1:11.4 | Block acquired the Australian Buy Now Pay Later firm After Pay for $29 billion in 2021. |
| 1:17.5 | CEO Dorsey devoted his quarterly shareholder letter to explaining the company's lending products, |
| 1:21.6 | including Square Loans, After Pay, Buy Now, Pay Later, and Cash App Borrow. |
| 1:25.9 | He said the company is looking to transform cash app cards |
| 1:28.5 | into a better alternative to credit cards when it launches afterpay on cash app card. But there are |
| 1:34.2 | extensive cost-cutting measures. The company said in its shareholder letter that it was scaling back |
| 1:38.5 | its investment in Title, the music streaming service founded by Jay-Z, and entirely winding down |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Brian McCullough, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brian McCullough and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.