Tech Brew Ride Home Tue. 10/26 – Facebook Pivots To Youth
Oct 26, 2021
Facebook is pivoting to attract younger users amid mixed earnings results. Adobe introduces NFT support in Photoshop, while Amazon launches a Clubhouse rival and dives into quantum computing. Their collaboration with Verizon aims to boost connectivity in rural areas through a new satellite initiative. Meanwhile, Blue Origin plans a commercial space station, and Apple’s new M1 chips have received rave reviews for their incredible performance. Plus, the Google Pixel 6 Pro garners attention for its camera capabilities and impressive battery life.
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Facebook's Mixed Q3
- Facebook's Q3 earnings were mixed, with slight misses on revenue and users but a beat on EPS.
- They warned of Q4 headwinds due to Apple's ATT changes and metaverse investments.
Facebook Targets Young Adults
- Mark Zuckerberg announced Facebook will prioritize young adults over older users.
- He acknowledged this might slow growth among older users but believes it's the right approach.
Adobe Adds NFT Support
- Adobe is adding NFT features to Photoshop, including content credentials linked to Adobe IDs.
- This aims to combat art theft and authenticate NFT artwork using IPFS.