Making sense of the Paypal and Alphabet earnings

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 5 February 2022

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hello and happy weekend from the Equity crew! We had a busy week, including a Twitter Space with Natasha and Alex taking to the mics to dig into some tasty public-market news. Naturally our show is more startup-focused than public-market centered. But! We can learn a lot from the world of public companies that have a wide footprint inside particular tech niches that matter for younger companies. So when we digest PayPal's results and what investors did to its value this week, we are not super interested in PayPal per se, but more what its results can tell us about the fintech world more generally. After all, around a fifth of all venture capital dollars invested last year went to fintech startups. And Alphabet, it has deep ties to the public cloud space, and the advertising market, both places where startups live and play. https://techcrunch.com/2022/01/31/come-hang-with-us-for-live-recordings-of-techcrunch-podcasts-equity-and-found/ We do the occasional live taping on Twitter, so make sure you are following us on the Big Blue Bird App. Hugs! We are back Monday morning! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What's up equity family? It's Alex. It's Saturday. We're very excited to bring you a Twitter space from earlier in the week.
0:06.0	Natasha and I dug into alphabet and PayPal earnings. We had an absolute blast. There was so much to dig into.
0:12.0	However, since then some more
0:13.6	companies have reported earnings and I want to make sure that you have that
0:16.3	information as well so a quick run through and then the show. So aside
0:20.9	from alphabet and aside from PayPal who else dropped earnings this week that really stood out to us?
0:25.4	Well three companies Amazon Facebook aka meta and snap the parent company of
0:30.7	Snapchat now Amazon's quarter can really be summarized essentially in the
0:34.8	lens of its AWS division. AWS is Amazon Web Services, it's public cloud, and it absolutely
0:41.2	crushed Q4. It just had a fantastic period.
0:43.7	It grew more than expected. It generated all the company's operating profit
0:47.5	and frankly was just a downright dynamo for the Seattle-based company.
0:51.3	It was just amazing. So well done to Amazon. Share prices up and
0:54.5	certainly its place at the top of the Public Club Pyramid is secure at least for now. Then there
1:00.0	was Meta-A- Facebook, aka Horizons VR or whatever the hell it's called these days.
1:05.4	It had a pretty bad quarter.
1:06.8	It had a terrible quarter.
1:07.8	It had a quarter so bad.
1:09.2	It lost more value the day after a job earnings than any company has in the history of the stock market.
1:14.2	Several hundred billion dollars in deleted value.
1:17.6	What happened?
1:18.6	Well, some user growth numbers turned negative.
	...

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