Google had a good quarter – ProWellTech
Google releases its latest earnings report, Spotify prepares to raise prices, and Excel becomes friendlier with custom data types. This is your Daily Crunch for October 29, 2020.
The big story: Google had a good quarter
Alphabet, Google’s parent company released its third-quarter earnings report this afternoon, coming well beyond Wall Street expectations thanks in large part to YouTube, which saw revenue rise to $ 5.0 billion (up from $ 3.8 billion during the third quarter 2019).
Google Cloud also increased revenue from $ 2.4 billion last year to $ 3.44 billion in the most recent quarter. Overall, Alphabet posted revenue of $ 46.2 billion and earnings per share of $ 16.40, compared to analysts’ forecast of $ 42.88 billion in revenue and earnings per share of $ 11.21. .
Shares in the company quickly rose 8.5% in overtime trading.
The tech giants
Spotify CEO says the company will “ expand price hikes further ” – Although the company hasn’t detailed its plans, CEO Daniel Ek said the hikes will take place in more mature markets for Spotify.
Microsoft now allows you to bring your own data types into Excel – This means you can have a “customer” data type, for example, by importing customer-rich data from a third-party service into Excel.
Why Apple’s earnings in the fourth quarter are different this year: With Apple’s latest iPhone launch delayed a few weeks this year, it didn’t have a chance to be included in the fourth quarter.
Startups, financing and venture capital
Donut launches Watercooler, an easy way to socialize online with colleagues – The startup also announced that it has raised $ 12 million in total funding, led by Accel.
One-Click Startup Atmos Raises An Additional $ 4 Million From Khosla, Real Estate Strategy And TikTok Star Josh Richards – According to CEO Nick Donahue, users have started designing the “first dozen homes” on the platform.
Commissary Club wants to help previously incarcerated people find a community – While 70 Million Jobs focuses on helping people with a criminal record find work, its new Commissary Club network is designed to be a place where people can find community .
Tips and analysis from Extra Crunch
VCs poured capital into European startups in the third quarter, but early-stage deals seemed to suffer: later and larger VC trends continue to change the private capital landscape.
In the “buy now, pay later” wars, PayPal is ready for domination: Button’s Stephen Milbank writes that the biggest limitation to buy-now-pay-later is its availability.
Twitter API access changes are driving third-party developers away: On August 12, Twitter launched a complete rebuild of its API 2012.
(Reminder: Extra Crunch is our membership program, which aims to democratize startup information. You can sign up here.)
All the rest
Europe to Restrict How Big Tech Can Push Its Services and Use Third-Party Data – EVP Commission Margrethe Vestager confirmed a legislative proposal expected in a few weeks will aim to ban what it called “the car. – unjust preference “.
Comcast says Peacock has nearly 22 million memberships, but it’s unclear how many of them are paid versus the free ones.
Technological optimism … in this economy? – The latest episode of Equity examines the great startup opportunities for the next decade.
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