Tech Brew Ride Home Tue. 10/29 - Playstation Vue Goes To The Deadpool
Oct 29, 2019
Alphabet's cloud spending dips into earnings while Shopify faces a surprise loss. Russian hackers target Olympic organizations, underscoring cybersecurity risks. Amazon sweetens the pot for Prime members by offering free grocery delivery and bill payments via Alexa. The Rise of the Rest fund continues to empower entrepreneurs beyond tech hubs. Meanwhile, Apple struggles with its HomePod update bricking devices, and Sony pulls the plug on PlayStation Vue amid streaming competition.
AI Snips
Chapters
Transcript
Episode notes
Alphabet's Q3 Performance and Cloud Investment
- Alphabet's Q3 revenue grew by 20%, reaching $40.5 billion.
- Net income dropped due to heavy investment in cloud computing, a competitive market where they trail Amazon and Microsoft.
Shopify's Surprise Loss and Growth Investments
- Shopify, despite being viewed as an Amazon competitor, reported an unexpected Q3 loss.
- Like Alphabet, this loss stems from substantial investments in growth, particularly a $1 billion fulfillment center network.
Russian Hackers Target Sporting Organizations
- Microsoft reports that Russian hackers are targeting sporting organizations before the 2020 Olympics.
- This follows previous hacking incidents targeting WADA and the 2018 Winter Olympics, likely retaliations for Russian athlete bans.