Snap Earnings and AT&T Slumps

Bloomberg Tech

Bloomberg

News, Business News, Tech News

4.4 • 69 Ratings

🗓️ 21 July 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg's Emily Chang breaks down the latest earnings from Snap and what that foreshadows for other social media platforms. Plus, her interview with AT&T's CEO on the heels of their own earnings.

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Transcript

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0:00.0	Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental
0:06.2	leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.
0:12.8	Title sponsor Amazon, Official Airline, Alaska Airlines.
0:17.6	Supporting sponsor, Providence.
0:19.9	Contributing sponsor, Wareyerhauser.
0:22.6	Get 40% off using promo code Radio 40
0:26.0	at Bloomberg Live.com slash Green Festival.
0:32.4	From the heart of where innovation, money, and power collide, in Silicon Valley and beyond,
0:37.0	this is Bloomberg Technology with Emily Chang in San Francisco and this is Bloomberg Technology coming up in the next hour
0:58.8	Snap, Mrs and Big and even CEO Evan Spiegel says he's not happy about the results.
1:05.0	Plus the company gives no third quarter forecast.
1:08.0	Just how deep are advertisers slashing their
1:15.0	slash in their budgets, we will discuss.
1:16.0	They're pushing back cell phone payments
1:18.0	and that's hurting AT&T's bottom line.
1:20.0	Shares dropping the most in two decades.
1:23.6	I'll ask AT&T CEO John Stanky
1:26.0	what this tells him about the state of the economy.
1:29.0	And Big Tech is on a health kick.
1:32.0	Amazon is buying one medical in a $3.5 billion deal.
1:35.2	The news, a day after Apple published a 60-page report
1:38.7	about its own dominance in the sector,
	...

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