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Tech Brew Ride Home

Thu. 04/28 – Twitter’s Last Ever Earnings Report?

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.71K Ratings

🗓️ 28 April 2022

⏱️ 18 minutes

🧾️ Download transcript

Summary

Twitter reports earnings, for maybe the last time, publicly. Meta’s earnings weren’t THAT bad but that’s mostly because the set the table for it. Apple faces antitrust charges in the EU as soon as next week. Another country adopts bitcoin as currency. And would you like a dedicated metaverse room in your next house? Sponsors: Ortto.com Composer.trade/ride Links: Twitter reports user bump, revenue miss for Q1, days after accepting Musk’s takeover bid (CNBC) Twitter miscounted its daily users for three years straight (The Verge) Meta's Bleak Q1; Spotify's Netflix Moment (The Information) Apple to face fresh antitrust charges in Brussels (FT) Google may now remove search results that dox you (The Verge) Bitcoin becomes official currency in Central African Republic (BBCNews) NSA Re-awards Secret $10 Billion Contract to Amazon (NextGov) How the pandemic is changing home design (Axios) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Bride Home for Thursday, April 28th, 2022.

0:07.6

I'm Brian McCullough today.

0:09.0

Twitter reports earnings for maybe the last time publicly.

0:13.0

Meta's earnings weren't that bad, but mostly because the table was set for it.

0:17.6

Apple faces antitrust charges in the EU as soon as next week.

0:21.1

Another country adopts Bitcoin as currency, and would you like a dedicated

0:24.9

Metaverse room in your next house?

0:27.0

Here's what you miss today in the world of tech. Will this

0:33.6

last earnings call ever? Maybe we'll have another one or maybe two depending on the

0:38.9

deal time frame, but I would imagine we'll never have one with any meaning again.

0:43.5

Twitter this morning reported Q1 revenue of $1.2 billion,

0:47.0

which was up 16% year over year, but was below estimates.

0:50.9

And $113 million in net income.

0:53.8

Monotizable daily active users, Twitter's favorite metric, reached

0:56.9

229 million.

0:58.7

So it was not the disaster that people were expecting as an explanation for

1:02.1

why Twitter's board jumped at

1:03.4

Elon's bid but also clearly no sign of some miraculous business turn around

1:07.7

anytime soon either. Things extrapolating from these numbers were just going to

1:12.2

continue pretty much as they have been.

1:15.0

Oh, but the old Twitter, the Twitter we've always known and always kind of loved, I guess,

1:19.8

was always capable of weird stuff like this.

...

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