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Technology

Jack Dorsey apologizes for growing Twitter "too quickly", amid mass layoffs; Twitter's headcount grew from ~2,000 to 7,500+ between June 2013 and December 2021 (Ashley Capoot/CNBC)

[ad_1] Ashley Capoot / CNBC: Jack Dorsey apologizes for growing Twitter “too quickly”, amid mass layoffs; Twitter’s headcount grew from…

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Technology

Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021, same as in 2020, to $140B, and 20% in the first nine months of 2022 (Richard Waters/Financial Times)

[ad_1] Richard Waters / Financial Times: Combined capital spending by Alphabet, Amazon, Apple, Meta, and Microsoft grew 32% in 2021,…

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Technology

Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B vs. $9.48B est., and subscription services revenue grew 9% YoY to $8.9B (Annie Palmer/CNBC)

[ad_1] Annie Palmer / CNBC: Amazon reports Q3 advertising services revenue grew 25% YoY to $9.55B vs. $9.48B est., and…

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Technology

Shopify reports Q3 revenue rose 22% YoY to $1.4B, above $1.34B estimates, and GMV grew 11% YoY to $46.2B; shares jump 7%+ (Nivedita Balu/Reuters)

[ad_1] Nivedita Balu / Reuters: Shopify reports Q3 revenue rose 22% YoY to $1.4B, above $1.34B estimates, and GMV grew…

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Technology

Microsoft's cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20% YoY, and from Azure and other cloud services, up 35% YoY (Taylor Soper/GeekWire)

[ad_1] Taylor Soper / GeekWire: Microsoft’s cloud revenue grew 24% YoY to $25.7B, including $20.3B from Intelligent Cloud, up 20%…

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Technology

Global smartphone market fell 9% YoY in Q3, the third decline in 2022 and the worst Q3 since 2014; Apple grew its market share from 15% in Q3 2021 to 18% (Canalys)

[ad_1] Canalys: Global smartphone market fell 9% YoY in Q3, the third decline in 2022 and the worst Q3 since…

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Technology

ByteDance's August report to staff says revenue grew 80% to $61.7B in 2021 but operating losses more than tripled to $7.15B as it spent heavily on growth (Salvador Rodriguez/Wall Street Journal)

[ad_1] Salvador Rodriguez / Wall Street Journal: ByteDance’s August report to staff says revenue grew 80% to $61.7B in 2021…

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Technology

Chainalysis: MENA was the fastest-growing crypto market between July 2021 and June 2022, with transaction volume up 48% YoY to $566B; North America grew 36% (Yousef Saba/Reuters)

[ad_1] Yousef Saba / Reuters: Chainalysis: MENA was the fastest-growing crypto market between July 2021 and June 2022, with transaction…

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Business

Unwed couples grew, US was more wired in COVID’s 1st years

[ad_1] During the first two years of the pandemic, the number of people working from home in the United States…

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Technology

Twilio plans to layoff 11% of its workforce, or around ~850 staff, in a bid to become profitable by 2023; CEO Jeff Lawson says Twilio grew "too fast" (Ashley Capoot/CNBC)

[ad_1] Ashley Capoot / CNBC: Twilio plans to layoff 11% of its workforce, or around ~850 staff, in a bid…

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