Youtube is having a great year. The video platform announced $6 billion in advertisement revenue for the first quarter of 2021.
The first quarter revenue is up by $4 billion from 2020. Youtube parent company, Alphabet, says the growth is a 50% jump in year-to-year metrics.
Youtube is also in the midst of serious negotiations for their Youtube TV service with Roku.
Alphabet brought in over $55 billion in revenue for first quarter of 2021.
Apple has released their sales and profit results ahead on Wednesday. The report shows an increase in sales and a $90 billion stock buyback.
The growth in sales comes as the demand in Apple’s Mac and 5G iPhones grew. Sales to China also drove growth as the number almost doubled. Apple CEO Tim Cook says he thinks the US Economy is on the verge of a full recovery.
“I think the US will be very strong. Certainly, all indications that I see would be very positive on the US economy,” Cook told Reuters in an interview.
Apple was one of the lucky companies that thrived during the global pandemic. Many home-struck consumers stocked up on laptops, iPads, and new iPhones. Apple also saw an increase in revenue from Apple’s services division.
Profit for the second quarter saw profit of $89.6 Billion. Apple shares rose 3%. Apple also announced a 22 cent per share dividend.
President Donald Trump is said to be returning to social media in the next few months on his own platform. The news came from Fox New’s Media Buzz when Trump’s senior advisor Jason Miller broke the news.
On Sunday, Miller said “we’re going to see President Trump returning to social media in probably about two or three months here with his own platform.” “This is something that I think will be the hottest ticket in social media. It’s going to be completely redefine the game,” he added.
While Miller and Team Trump haven’t released details, Miller did say that the new platform would “be big.” The belief is that Trump would be able to get millions of new users from the start.
“It’s not just one company that’s approached the president. There have been numerous companies,” Miller said. “I think the president does know what direction that he wants to head here.”
The timeline for the new social media platform and Trump’s return is 2-3 months. Trump has been banned from almost all social media platforms since January due to “risk of violence.” Trump was banned following the January 6 Capitol Riots.
MultiMediaMouth.com will follow this story as it develops.
Robinhood, the controversial stock trading app, is gearing up to hire “a ton” of new staff, the New York Post reports.
The upcoming hiring spree is coming to the Robinhood to help support their Cryptocurrency business. This will include the ability to move Crypto assets to their wallet, according to Robinhood CEO Vlad Tenev.
“We’re actually growing our crypto team hugely this year,” Tenev said during a virtual “fireside chat” Robinhood posted to YouTube Thursday. “The business has just been going through exponential growth. We really hit an inflection point this year.”
Tenev didn’t say how many new staff members they plan to hire. It is expected to be a significant number to help support their growing businesses.
One of the biggest focuses of the new team will be to deposit to and from the platform. Currently, users are only able to buy and sell Crypto currency, not deposit or withdraw.
“As much as people are bugging me on that on social media, I’m bugging our crypto team and our software engineers so we’re going to try to get that done as fast as possible,” Tenev said.
Dish Network, the paid satellite-TV service, posted an 88% profit growth while they lost hundreds of thousands of customers.
On Monday, Dish announced that they lost 133,000 customers for their TV service in the fourth quarter. Last year, the company lost almost 200,000 during the same time period.
Peter Supino, an analyst from Bernstein, says the improved results come from fewer people changing services and price increases. While the net loss of users is 133,000, the company lost 149,000 and gained 16,000 users. The gain came to the company’s owned Slint TV service.
The New York Post says “fourth-quarter profit reached $733 million, or $1.24 a share compared with $389 million, or 69 cents in the year-ago quarter. Revenue grew 41 percent to $4.56 billion compared with the $3.24 billion, a year earlier.” According to the report, prices rose to $94.47 from $87.
Apple has reached out to Nissan to develop an autonomous electric car, The New York Post reports.
An Apple Car has been rumored to be Apple’s next big reveal for almost a decade now. While Apple reached out to Nissan for a car development deal, neither party was willing to let the other’s branding take the lead on the project. The Post says that the deal fell apart when it to discussion of it being an Apple Car by Nissan or a Nissan Autonomous Car by Apple.
“No way we are going to change the way we make cars,” Ashwani Gupta, Nissan’s chief operating officer told the paper. “The way we design, the way we develop, and the way we manufacture is going to be as an automotive manufacturer, as Nissan.”
Nissan is one of two companies that Apple has approached recently. Hyundai is the other. Apple hopes to release a car by 2024.
Jeff Bezos is stepping down as CEO of Amazon!
Bezos founded Amazon 27 years ago in his home. The news broke early Tuesday morning in a letter from Bezos to employees. While Bezos will not longer be the CEO, he will still be serving as the executive chairman of Amazon’s board.
Amazon, which originally started selling books in 1997, is now a company worth $1.6 Trillion dollars (Yes, Trillion). The move to shake up Amazon’s executive leadership comes as a surprise to almost everyone but Wall Street has reacted well.
Bezos says he plans to spend more time on “other passions” including his Blue Orgin space exploration company, The Washington Post, as well as charitable organizations Day 1 Fund and Bezos Earth Fund.
“As much as I still tap dance into the office, I’m excited about this transition,” said Bezos
CEO of Amazon Web Services, Andy Jassy, is set to replace Bezos. The transition will happen in the 3rd Quarter. Jassy’s replacement in AWS has not been named.
The free speech focused social media app Parler has seen its first loss in their lawsuit against Amazon.
Parler sued Amazon after the e-commerce giant kicked the platform off their web hosting service. Amazon claims that Parler didn’t do enough to “moderate violent content.”
Parler has asked the courts to order Amazon to allow Parler on their servers as they waited for a final judgement from the court. On Thursday, US district Judge Barbara Rothstein said the social media site did not present a convincing argument.
If Parler isn’t able to open back up to the public soon, they may go out of business for good.
Parler, the social media app that has cause so much drama, is back online after being taken down by Apple. Google, and Amazon Web Service.
John Matze, the founder and CEO of Parler, posted a message for their “Lovers and Haters” on their website.
Now seems like the right time to remind you all — both lovers and haters — why we started this platform. We believe privacy is paramount and free speech essential, especially on social media. Our aim has always been to provide a nonpartisan public square where individuals can enjoy and exercise their rights to both.
We will resolve any challenge before us and plan to welcome all of you back soon. We will not let civil discourse perish!
This is a developing story. Please check back for updates.
Remember Quibi? No? Well, it might not be dead yet.
Well, the shows on Quibi might not be dead yet. Quibi is the failed streaming service that was designed for short form entertainment that ultimately burned through billions of dollars. Late last year, Quibi announced they would be shutting down.
Now, Roku is looking to buy their short form shows. The New York Post is reporting that the television streaming app may make a bid to but the shows from Quibi. According to the report, Roku would place the shows on their own Roku Channel which currently airs other companies shows.
Financial term have not been disclosed.