This Week in Startups How to supercharge your network + $GOOG & $MSFT earnings & $SHOP layoffs with Deirdre Bosa | E1519
Jul 27, 2022
Deirdre Bosa, a CNBC correspondent specializing in tech and business, joins to dissect the latest earnings from tech giants $GOOG and $MSFT. She shares insights into Shopify's significant layoffs and the implications for the e-commerce landscape. The conversation touches on the mounting challenges faced by Coinbase amid an SEC probe. Additionally, Jason offers practical tips on supercharging your professional network, emphasizing the importance of authentic connections to unlock unexpected opportunities.
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Microsoft Leadership
- Microsoft's revenue trajectory under different CEOs shows distinct eras, from Bill Gates' boom to Steve Ballmer's instability.
- Satya Nadella has led a period of revenue stabilization and significant market capitalization growth.
Google's Mixed Bag
- Google's earnings were not spectacular, with YouTube revenue down, potentially due to TikTok competition and Apple's privacy changes.
- However, their strong search business and ample cash reserves provide a buffer.
Shopify's E-commerce Gamble
- Shopify, after rapid pandemic-driven growth, faced a significant downturn, leading to layoffs and a stock drop.
- Tobi Lutke, Shopify's CEO, acknowledged misjudging the e-commerce trend and is now focusing on long-term growth.