Tech Earnings Insights: Facebook's Resilience Amid Challenges

Four big earnings reports for four big tech companies, but we’ll leave that to the end. Intel launches a new flagship clip line, Andreessen Horowitz launches a new crypto fund, Zoom fesses up on MAUs, and Reddit goes old school with chat rooms.

Sponsors:

• Tovala (text TOVALARIDE to 710-23)
• Metalab.co

Links:

• Intel's 10th Gen Comet Lake for Desktops: Skylake-S Hits 10 Cores and 5.3 GHz (AnAndTech)
• Andreessen Horowitz raises $515 million for second crypto fund (Axios)
• Zoom admits it doesn’t have 300 million users, corrects misleading claims (The Verge)
• Reddit adds chat rooms for subreddits (Engadget)
• Smartphone Production to Drop by 16.5% YoY in 2Q20, Setting Historical Record in YoY Decline, Says TrendForce (TrendForce)
• Lyft lays off 17% of workforce, furloughs hundreds more (CNBC)
• Facebook soars after reporting ‘stability’ in ad revenue after fall in March (CNBC)
• Press Release & Webcast (Microsoft Investor Relations)
• Twitter Q1: sales up 3% to $808M as it swings to a loss on COVID-19, mDAUS hit record 166M (TechCrunch)
• Tesla posts profit despite hit from coronavirus (CNN Business)

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