Tech Brew Ride Home Thu. 04/30 – Don’t Fight The Tape (Tech Earnings Edition)
Apr 30, 2020
Big tech is making waves with Intel's new 10th Gen Comet Lake CPUs and Andreessen Horowitz's hefty crypto fund launch. Zoom admits it overstated user numbers, while Reddit embraces the retro with new chat rooms. Earnings reports reveal Facebook's surprising resilience and Tesla's profit despite the pandemic's challenges. The discussion dives into layoffs at Lyft, smartphone production plummeting, and the economic implications for the tech landscape amidst ongoing uncertainties.
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Intel's New Chips
- Intel launched its 10th gen Comet Lake desktop CPUs, boasting up to 10 cores and 5.3 GHz speeds.
- However, these chips are based on the aging Skylake architecture and a 14nm process, while competitors are at 7nm.
A16Z's Crypto Fund
- Andreessen Horowitz launched a $515M crypto fund, its second, focused on startups and holding crypto assets.
- Partner Katie Haun clarified it's a venture fund, not a hedge fund, emphasizing investment not trading.
Zoom's User Count
- Zoom misreported having 300 million daily active users, later correcting it to "daily meeting participants."
- This inflated the usage numbers since one user can participate in multiple meetings daily.