Thu. 01/30 - Tesla's Earnings Home Run

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 30 January 2020

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Its Earnings Bonanza Day! Tesla, Facebook, Microsoft, Samsung… Facebook pays a record fine to Illinois, the Switch has outsold the SNES, three interesting Apple stories, Avast changes its business model and the new Fantastical app. Sponsors: Metalab.co BelovedRobot.com/nolowcode Links: Tesla’s record 2019 has bought it some breathing room (The Verge) We’re about to enter a world where Tesla is the cheaper electric car (Quartz) Facebook plunges, wiping out more than $50 billion in market value (CNBC) Xbox revenue falls 21% as Microsoft gears up for Xbox Series X debut (GeekWire) Samsung Posts Lower Profit, Anticipates End of Chip Slump (WSJ) Facebook to Pay $550 Million to Settle Facial Recognition Suit (NYTimes) Avast winds down Jumpshot, cites user data sale privacy concerns (ZDNet) Nintendo upgrades fiscal-year forecast as Switch hits 52.5 million consoles sold (VentureBeat) Apple Hires Key Netflix Engineer in Bid to Boost Subscription Services (WSJ) Apple Ends AI Startup’s Work on ‘Project Maven’ After Acquisition (The Information) Kuo: Apple to Launch AirTags, Small Charging Mat, New iPads and Macs, High-End Headphones, and More in First Half of 2020 (MacRumors) Say hello to the new Fantastical: one robust calendar for iPhone, iPad, Apple Watch, and Mac (9to5Mac) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Thursday, January 30th, 2020.
0:07.6	I'm Brian McCullough. Today, it's Earnings Banana Day, Tesla, Facebook,
0:12.3	Microsoft, Samsung.
0:14.0	Facebook also has to pay a record fine to Illinois.
0:17.0	The Switch has outsold the S&ES.
0:19.0	Three interesting Apple stories.
0:21.0	Avast changes its business model, and the new fantastical
0:25.0	app.
0:26.0	Here's what you missed today in the world of tech.
0:29.0	Today is that day that comes every quarter where everybody releases their earnings
0:37.6	numbers all at once. Actually, they all did it yesterday. And looking at my rundown, it's also been a busy news day generally and we might
0:46.6	actually have 11 segments today that's of course if no more news breaks today so anyway
0:52.1	all I can say is buckle in everybody. First up Tesla's
0:55.3	stock is up over 11% at the time of writing this morning after the company
1:00.4	reported record revenue beating analyst estimates and
1:03.8	projecting that it will deliver half a million vehicles this year. Oh and
1:08.8	Tesla reported its second consecutive profitable quarter. Oh and Cash Flow topped $1 billion.
1:15.4	Tesla has produced positive free cash flow in four of the last five quarters.
1:19.8	Tesla's debt is now trading above par. Basically, Tesla is just firing on all cylinders, if you will.
1:27.0	Profits are becoming a habit. Margins are good, costs are going down, and Elon Musk hasn't caused any controversies lately.
1:34.8	In case you weren't aware, just since the start of the year, Tesla's stock has shot up
1:40.3	39% and that was before today.
	...

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