Alphabet’s exec Ruth Porat spoke on a conference call this week about the company’s Q1: “Our revenues of $24.8 billion in the first quarter demonstrate our broad-based strength globally, with revenues up 22% year on year. In constant currency, our consolidated revenues grew 24% versus 1Q 2016. Growth in advertising revenues was again driven by … Read more
The U.S. is one of only two countries that allow drug ads on TV (the other is New Zealand), and spending keeps rising. Most other markets have not increased spending since 2012. $6b was the amount spent last year, mostly on TV, and the ads are shown most heavily during major network’s evening news, Mike … Read more
Amazon Prime now has 80m subs. The increase has been steady in the last 2 years. People like Amazon’s fast delivery, cheap prices, easy checkout, and good customer service. Read more
The app may be on every young person’s phone, but it’s losing money. When it launched its IPO this year, it raised $3.4b. But as of January, it’s lost $1.2b. Almost half of that loss was in 2016. It was growing at 15m new daily users in the first 3 quarters of 2016, but the … Read more
“If you study Chinese products, you can get inspiration,” according to a woman who works for technology investment firm Andreessen Horowitz. She also works helping U.S. startups learn from Chinese tech. Connie Chan says Chinese tech is ahead of U.S. tech in everything from livestreaming (worth $5b) to messaging. For example, while Americans almost all … Read more
Now that Google is a sub-company inside Alphabet — which is run by founders Sergey Mikhaylovich Brin and Larry Page — Google is run by Sundar Pichai, and his earnings are up almost double from 2015. In 2016, he made $199.7m. $650k is his base pay, and $198.7m was a stock award. Google is reportedly … Read more