Tue. 10/26 – Facebook Pivots To Youth
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 26 October 2021
⏱️ 20 minutes
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| 0:00.0 | Welcome to the Tech Meme Ride Home for Tuesday, October 26, 2021. I'm Brian McCullough today. |
| 0:09.0 | Facebook whistles past the ATT graveyard, but Zuckerberg wants to target de Utes. |
| 0:14.8 | Adobe adds support for NFTs. |
| 0:17.1 | Amazon is coming after clubhouse, joining the Quantum Computing Race, and lending Project Kuiper to Verizon. Computer |
| 0:23.0 | to Verizon and the big review of Apple's new chips |
| 0:27.0 | calls their performance downright absurd. |
| 0:30.0 | Here's what you miss today in the world of tech. |
| 0:43.0 | Today in the Facebook Saga, the company missed slightly on revenue in its earnings report last night, and also missed a bit on monthly active users, |
| 0:46.0 | but beat on earnings per share. |
| 0:49.0 | So a bit of a mixed bag earnings report, |
| 0:51.5 | but the company did avoid the earnings debacle that Snap seemed to experience. |
| 0:57.0 | Q3 ad revenue grew 33% year over year to 28.28 billion dollars, but Facebook nonetheless did warn of |
| 1:04.8 | continued headwinds in Q4 due to Apple's ATT changes in iOS, quoting ZD net. |
| 1:11.2 | Our outlook reflects the significant uncertainty we face in the fourth |
| 1:15.2 | quarter in light of continued headwinds from Apple's iOS 14 changes and macroeconomic |
| 1:20.0 | and COVID-related factors, CFO Dave Wenner said in a statement. |
| 1:24.0 | In addition, we expect non-ads revenue to be down year over year in the fourth quarter as we |
| 1:28.8 | lap the strong launch of Quest 2 during last year's holiday shopping season end quote. |
| 1:34.0 | The company's business has already suffered to an extent from Apple's iOS 14.5 |
| 1:39.6 | update released in April blaming Apple's 14 changes, the social media giant gave |
| 1:44.9 | light fourth quarter guidance. The company also said it expects its |
| 1:48.6 | metaverse investments will reduce operating profits by 1010 billion for fiscal year 2021 as it begins breaking |
... |
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