Tue. 02/04 - Tech Is the Angle In Iowa

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 4 February 2020

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

We finally know how big a business YouTube is, the tech angle on that Iowa Caucuses mess IS the only angle, Mastercard explains why it pulled out of Libra, and why has the US Government decided to break up Big Razor, before it gets around to Big Tech. Sponsors: Capterra.com/ride WarbyParker.com/tech Links: YouTube is a $15 billion-a-year business, Google reveals for the first time (The Verge) This Is The Buzzy Democratic Firm That Botched The Iowa Caucuses (HuffPost) Some Google Photos videos in ‘Takeout’ backups were sent to strangers last November (9to5Google) Mastercard chief speaks out against nationalism and Facebook (Financial Times) Asana Says It’s Filed to Go Public Through a Direct Listing (Bloomberg) Chip Industry Had Worst Sales Year Since Dot-Com Bubble Burst (Bloomberg) Top Antitrust Official Is Said to Recuse Himself From Google Inquiry (NYTimes) The US government is breaking up Big Razor before it gets to Big Tech (Recode) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meam Right Home for Tuesday, February 4th, 2020. I'm Brian McCullough.
0:09.2	Today we finally know how big a business YouTube is.
0:13.0	The tech angle on that Iowa Caucasus mess is the only angle.
0:17.0	Mastercard explains why it pulled out of Libra.
0:19.5	And why has the US government decided to break up Big Razor before it gets around to Big Tech?
0:25.8	Here's what you missed today in the world of Tech.
0:30.3	Well it was actually Google who had the most interesting report.
0:40.0	Alphabet overall reported Q4 net income of $10.67 billion up from $8.95 billion last year, and its
0:50.2	fiscal 2019 revenues came in at $162 billion up 18% year over year.
0:56.2	Quarterly revenue was a bit of a miss coming in at 46.08 billion dollars,
1:02.4	which was slightly less than analysts expected.
1:05.0	Alphabet's stock is down around 3.5% at the time of this recording.
1:10.0	But that wasn't the surprise. The surprise was, for the first time ever, Google broke out
1:14.8	revenue numbers for YouTube as well as its Cloud Division. But let's hit YouTube first.
1:20.4	Because for years, people have wondered how big a business YouTube actually
1:24.8	was and now we know.
1:27.1	Alphabet said that YouTube ads generated 4.7 billion dollars in revenue in
1:32.4	Q4 and 15.15 billion in all of fiscal 2019, which was up from
1:39.6	11.16 billion dollars in fiscal 2018.
1:43.2	So, YouTube is a 15 billion dollar business.
1:47.9	YouTube contributes nearly 10% of Google's entire business.
1:52.0	YouTube's ad business is about 20% the size of
	...

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