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WSJ Tech News Briefing

TNB Tech Minute: Meta, Google and Microsoft Report Strong Earnings

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 29 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: GM will lay off more than 3,300 workers at EV and battery plants. And Amazon Web Services plans to invest an additional $5 billion dollars in South Korea to build new AI data centers. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:01.9

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0:06.2

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0:08.0

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0:10.0

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0:15.3

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0:18.9

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0:23.5

August 2024 proprietary survey. Over 500,000 new listings every month based on average new for sale and

0:27.6

rental listings, February 24th through January 2025. Here's your afternoon T&B Tech Minute for Wednesday,

0:34.8

October 29th. I'm Julie Chang for the Wall Street Journal.

0:39.0

Starting with some earnings, Meta Platforms has reported record revenue for its third quarter.

0:44.5

The social media giant says it brought in $51.2 billion in sales, a year-over-year growth rate of

0:51.1

26%. But its net income fell far short of analysts' expectations, coming in at

0:57.3

$2.7 billion, and the stock fell after hours. Google's parent company, Alphabet, has reported a 16%

1:05.6

surge in revenue. Sales reached more than $102 billion, a record and ahead of analysts' forecasts.

1:13.6

Net income was about $35 billion, a 33% increase over the same period a year ago.

1:20.0

The tech giant said its AI spending is set to reach up to $93 billion this year.

1:25.9

News Corp, owner of the Wall Street Journal, has a commercial agreement

1:29.2

to supply content on Google platforms. Meanwhile, Microsoft has reported revenue of nearly $78 billion

1:37.1

for its fiscal first quarter, beating Wall Street expectations. The company's Azure Cloud

1:42.8

Business, which hosts AI models, grew about 40%.

1:46.5

Microsoft said its net income was $27.7 billion. General Motors will lay off more than 3,300

...

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