March 29, 2024

Web and Technology News

Spotify now the No. 2 audiobook provider, behind Audible, hints at Daylist inspired-suggestions to come

Late last year, Spotify began offering 15 hours of monthly audiobook listening to its Premium subscribers in select markets, including the U.S. Now the company says the new service is the second-largest audiobook provider behind Amazon-owned Audible — …

Rocket Lab’s Electron launch vehicle ‘fully’ booked next year, will resume flight as early as November-end

Rocket Lab is best known for the Electron launch vehicle, but the company’s earnings results continue to show that it is much more than a rocket company. The company reported $68 million in revenue for the third quarter, with $46.3 million of that figu…

Nvidia’s Q2 earnings prove it’s the big winner in the generative AI boom

Nvidia’s second-quarter earnings, which were reported Wednesday after markets closed, prove there is money to be made — and lots of it — selling the picks and shovels of the generative AI boom. “A new computing era has begun. Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI,” Nvidia founder and CEO […]

Apple services growth continues to counter iPhone sales slide in Q3

Apple’s Q3 earnings presented a mixed bag for the company, as iPhone revenue continued to slide. The handset brought in $39.67 billion for the quarter, down from $40.66 this time last year. The drop certainly isn’t an anomaly amid an overall declining smartphone market. Once again, however, the hardware slowdown was blunted by the company’s […]

Pinterest touts Amazon partnership progress, AI in Q2 earnings beat

Popular image pinboarding and shopping inspiration site Pinterest provided an update on its recently announced Amazon partnership and its other efforts around AI during its Q2 2023 earnings this week. The company in April announced a multi-year deal with Amazon that saw the e-commerce giant become Pinterest’s first partner on third-party ads. Those efforts are now […]

Samsung extends cut in memory chip production, will focus on high-end AI chips instead

Samsung Electronics continues to cut back its memory chip production, including NAND flash used in smartphones and PCs, after reporting a $3.4 billion (4.36 trillion won) operating loss in the second quarter of this year in its memory chip unit. The world’s biggest memory chip maker posted a roughly $7 billion operating loss in its […]

Meta reports 11% revenue growth, but the metaverse still suffers

Meta had one of its best quarters since before it changed its name from Facebook. The company reported 11% year-over-year revenue growth, which is a sigh of relief for investors, because this time last year, Mark Zuckerberg’s company posted its first ever quarterly revenue decline. Meta’s stock price reflects this — while the stock took […]

Spotify reports strong user growth as it is raising subscription price

Spotify just reported its second-quarter earnings and the two most impressive metrics are the number of subscribers and the total number of Spotify users. There are currently 220 million people who pay for a Spotify subscription around the world — that number is up 17% year over year. Overall, Spotify now has 551 million monthly […]

Netflix gains nearly 6M subscribers as paid sharing soars

A year ago today, Netflix reported its largest quarterly loss ever, with 970,000 subscribers dropping the service. The company has since crawled out from under the rubble. Netflix revealed Wednesday that, for the second quarter of 2023, the streaming giant saw a jump (or should we say leap) in 5.9 million global subscribers, bringing the […]