Meta Q4 2022 earnings call TLDR
3 years, 1 month ago
During Meta's fourth quarter and full-year 2022 earnings call, CEO Mark Zuckerberg outlined the company's priorities, including AI, ads, business messaging, and the metaverse. The Year of Efficiency is Zuckerberg's management theme for 2023, focused on executing these priorities, building better pr…
Amazon Q4 earnings call TLDR
3 years, 1 month ago
Amazon.com reported worldwide net sales of $149.2 billion, a YoY increase of 12%, excluding forex impacts, during its Q4 2022 Financial Results Teleconference. The company also reported a net income of $278 million, including a pretax valuation loss of $2.3 billion from its common stock investment …
Netherlands to restrict some chip tech exports
3 years, 1 month ago
TLDR: The Dutch government has followed the US in placing restrictions on exports of the country’s “most advanced” microchip technology to safeguard national security. Dutch chip equipment manufacturer ASML is a key supplier to the global microchip market, and the restrictions have prompted a forma…
Adidas Kanye West's Yeezy shoes 'collectors' items
3 years, 1 month ago
TLDR: US shoppers are buying Kanye West's Yeezy shoes as collector's items since Adidas ended its partnership with the rapper over anti-Semitic comments he made last year. The US-based shoe chain Impossible Kicks has reported a 30% boost in sales since the two split last October. The retailer has s…
BMW set to make more electric Minis in Oxford
3 years, 1 month ago
TLDR: BMW is set to invest up to £600m in its Mini factory in Cowley near Oxford to prepare the plant for the production of electric models. The British government has offered £75m to BMW to support the project. The first electric Mini was launched in 2019, but most of the electric vehicles were pl…