Welcome to the Tech Meme Right Home for Wednesday, July 27th, 2022.

I'm Brian McCullough.

Today I'll wrap up the earnings from Microsoft Alphabet, Spotify, and Shopify, proof that the cost of a data breach

for companies is skyrocketing, whatever happened to the legislative crackdown on big tech,

inflation comes to the meta

as meta is jacking up the prices on quest headsets and a big update to Google

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

This is the episode we of Tech.

This is the episode we do about four times a year where everybody has reported earnings at about

the same time, running through it for you, but then I'm just going to use stock market performance

this morning as a quick cheat sheet. Microsoft basically missed Q4

estimates with 51.87 billion dollars in revenue versus 52.44 billion estimated.

Microsoft cited changing exchange rates plus challenges in the advertising and

PC markets for their miss, but revenue was still up 12% year over year

and Azure revenue is still growing 40% year over year and heck even LinkedIn continues to be a cash cow up 26% year over year.

Big negative spot, gaming revenue was down 7%.

So cheat sheet slash scorecard.

Wall Street seems sanguine about all this.

Microsoft opened about 3% up in trading this morning.

Then we have Alphabet, which reported Q2 revenue up 13% year over year net income of $16 billion down from net income of

18.53 billion dollars year over year but Google Cloud revenue of 6.28

billion up from 4.63 billion.

...