earnings
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Uber Sets $7 Billion On Fire In Biggest Loss Ever
Well, well, well! If it isn’t our beleaguered rideshare giant Uber reporting yet another quarter of continued losses after its disastrous IPO earlier this year. In its earnings report released Friday, the company said it burned through more than $7 billion — its largest losses to date.
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Actually, Mark Zuckerberg Is Glad You’re Using Facebook Less
Facebook, a “disruptor” in the classic sense, has always been about rewriting the rules. Today it decided that earnings reports – usually a time to show of healthy metrics to stockholders and investors – is actually a really good time to admit you made your own product worse.
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Tim Cook Says If You Can Afford Nice Coffee You Can Buy A $1579 Phone
The iPhone X costs more than any phone Apple has ever sold, starting at $1579 a pop. But Apple expects people will buy truckloads of them anyway, according to the company’s earnings release today, and CEO Tim Cook seems to believe you can afford one, too, because if you break a monthly payment plan down,…
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Mark Zuckerberg Made $4.5 Billion Yesterday, What Did You Do?
Yesterday, I got off at the wrong train station two separate times, ate a bowl of cereal for lunch and fell asleep reading the entirety of OJ Simpson’s Wikipedia page. Mark Zuckerberg, on the other hand, made $US3.4 billion ($4.5 billion) in an hour. You win this round, Mark.