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A day after lawmakers grilled the chief executives of the biggest tech companies about their size and power, Amazon, Apple, Alphabet and Facebook reported surprisingly healthy quarterly financial results, defying one of the worst economic downturns on record. Even though the companies felt some sting from the spending slowdown, they demonstrated, as critics have argued, that they are operating on a different playing field from the rest of the economy. Amazon’s sales were up 40 percent from a… Source link

In the second quarter, Facebook reported 10% growth in ad revenue while Google’s declined. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images The headwinds of Covid-19’s economic impact in the second quarter were strong enough to slow down even the ad-funded tech giants. In its second-quarter results released today, Facebook reported $18.7 billion in revenue, an increase of 11% despite the slowdown of advertising spend as… Source link

Apple (AAPL) on Thursday confirmed that its next iPhone, presumably called the iPhone 12, will be delayed “a few weeks.” The announcement came during the company’s Q3 2020 earnings call with Apple CFO Luca Maestri saying that while last year’s iPhone launched in late September, the next-generation device will launch a few weeks later. Apple’s next iPhone is expected to be the company’s first 5G-capable product. It’s that functionality, which promises dramatically faster download… Source link

[unable to retrieve full-text content]Could Notre Dame’s move to the ACC last longer than 2020? | Yahoo Sports College Podcast  Yahoo Sports Source link

Amazon (AMZN) posted second quarter earnings on Thursday that blew away Wall Street estimates, bolstered by consumer trends during the coronavirus pandemic that have catapulted the tech giant into one of the crisis’ biggest beneficiaries. The company’s results are even more impressive given that it acknowledged spending over $4 billion during the quarter on COVID-19 related costs. Here are the results compared to estimates from consensus compiled by Bloomberg: The quarter’s performance… Source link

The global pandemic dealt a rare losing hand to Google’s venerable digital advertising operation, pushing quarterly revenue down compared with a year earlier for the first time in company history. The search-engine giant posted a $2.6 billion drop in advertising for the second-quarter from a year earlier, as some of Google’s biggest advertisers, including travel companies and consumer brands, cut back on spending in the face of economic uncertainty. … Source link

Before Android, before the iPhone, and before GoPro became a known brand, the Flip Video camcorder took the world by storm, allowing millions to shoot digital home videos one-handed and easily save, share, and upload them to a nascent YouTube, thanks to an iconic flip-out USB port. What you probably didn’t know: the Flip Video was almost a Google-branded camera, internal Google emails revealed by the House Judiciary Committee’s antitrust sub-committee show. It would have been… Source link

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LAKE BUENA VISTA, Fla. — NBA referees will join the players and coaching staff in gathering around the “Black Lives Matter” signage on the court to kneel during the playing of the national anthem to peacefully protest racial injustice in America, league sources tell Yahoo Sports. The 45 referees selected by the league to officiate the restart recently had a “spirited” debate on whether to insert themselves into the storylines and it was decided that they wanted to support the… Source link