by Asmawisham | May 4, 2017 | Technology
Fitbit shares are up 10 percent on the news (PDF) that the company beat Wall Street’s expectations for the company. Fitbit today reported a loss of 15 cents per share rather than 18 cents per share. Reported revenue also came in above analysts expectations: $299...
by Asmawisham | May 4, 2017 | Technology
Amazon’s AWS cloud computing division today once again dropped the prices for some of its reserved instances, as well as its M4 general purpose instances. For some of these reserved instances, prices are dropping by up to 17 percent and for convertible reserved...
by Asmawisham | May 4, 2017 | Technology
Tesla today re-affirmed that the production of its next car, the Model 3, would begin in July — and that the company had $4 billion in cash-on-hand heading into the second quarter this year.Both of those are going to be critical as Tesla, which reported its...
by Asmawisham | May 4, 2017 | Media, Technology
Hulu officially announced the launch of its live TV streaming service this morning at its Upfront presentation in New York, after earlier promising its “under $40” offering would arrive sometime this spring. The service — which is actually $39.99 per month — has a...
by Asmawisham | May 4, 2017 | Technology
Facebook had another strong quarter, beating estimates to start 2017. It scored $8.03 billion in revenue and $1.04 GAAP actual EPS in Q1 compared to $0.87 EPS estimate. It earned that from 1.94 billion users, up from 1.86 billion last quarter, growing at a faster 4.3...
by Asmawisham | May 4, 2017 | Technology
Square, the payments company founded and run by Jack Dorsey, released its quarterly financial results for the first quarter after the bell on Wednesday.The company beat expectations, bringing in $462 million in revenue, when investors were forecasting $451 million....