The Vergecast Microsoft Q4 earnings, Spotify’s subscribers rise, and Instagram walks back its changes
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Jul 29, 2022 This week, tech earnings take center stage as Microsoft reveals a $51.9 billion quarter amidst Xbox declines. Spotify celebrates a boost in subscribers but faces challenges in the podcasting realm. Instagram's reversal on recent changes shines a light on user dissatisfaction. Meanwhile, Meta grapples with revenue drops and employee tensions as it aims for a video-centric future. The discussion also highlights the evolving competition in streaming and smart home tech, along with a humorous take on Biden's impressive video conferencing setup.
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FTC Blocks Within Acquisition
- Meta's attempted acquisition of Within, the Supernatural fitness app developer, was blocked by the FTC.
- The FTC argues this acquisition would give Meta an unfair monopoly in VR fitness.
Apple Earnings
- Apple's Mac revenue dropped 10%, likely due to supply chain issues and foreign exchange rates.
- Despite this, Apple's overall profits remain strong due to service revenue growth.
Microsoft's Mixed Earnings
- Microsoft's Windows and Xbox revenues are declining, while LinkedIn's revenue is increasing.
- These trends reflect the changing market dynamics and economic uncertainty.