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WSJ Tech News Briefing

TNB Tech Minute: Meta’s Sales Are Up

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 1 February 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Holiday shopping boosts Amazon’s revenue. And Apple’s iPhone sales grew. Alex Ossola hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Like some kind of Pizza Ninja, Domino's are slicing their prices.

0:05.0

Domino's price slice.

0:07.0

Small pizzas now 8 quid, medium now 10 quid,

0:10.0

and large now 12 quid.

0:12.0

Yet we're making cuts too.

0:14.0

In 11th of February 24, minimum delivery spend charges and areas may apply.

0:18.0

T.C. Domino's dot-K.

0:20.0

Here's your T&B Tech Minute for Thursday, February 1st.

0:25.0

I'm Alex Oscela for the Wall Street Journal.

0:28.0

Meta posted its fourth consecutive quarter of revenue growth.

0:31.0

The company's sales increased to 40.1 billion dollars in the

0:35.5

December quarter, up 25% compared to the same period a year earlier.

0:39.8

Meta's encouraging performance despite regulatory challenges and child safety concerns,

0:44.8

has been fueled by breakthroughs and artificial intelligence technology that has boosted its ad targeting capabilities.

0:51.2

Meta announced that it would pay a cash dividend for the first time in

0:54.4

company history. Amazon's fourth quarter sales rose faster than expected, driven by

0:59.7

strong e-commerce sales during the holiday shopping season.

1:03.0

Revenue in that quarter rose 14% to $170 billion,

1:07.0

while profit surged to $10.6 billion, its strongest level in two years.

1:12.0

Both figures beat Wall Street expectations.

1:14.8

Sales in the Amazon Web Services Cloud Computing arm increased 13% in the fourth quarter

1:20.1

to $24.2 billion matching expectations.

...

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