DIDigital’s podcast made an interesting remark on how stock exchanges as we know them are about to lose their spot as “the highest level of funding” when platforms for trading/funding private companies securities get more traction, credibility, trust and acceptance i.e. Nordic bank Nordea’s move to open crowd equity funding platform.
Tech
– Biggest tech company funding round just closed, ANT – Alibabas payment service company raise USD 4.5 Bn at a USD 60 Bn valuation TechCrunch
– Apple shows decline in revenue for the first quarter in 13 years! DiDigital
– Rebtel opens service similar to Universal Avenue Link
– Saving app Dreams raise more capital from King founders amongst others Link
– Spotify comments Beyonce’s exclusive release of her latest album on rival plateorm Link
– MagicLeap reveals how your work space will look in Augmented Reality (AR) Link
– Nokia buys health hard/software provider Withings The Verge
– The story behind the company who will go for Mars in 2018 – the SpaceX history TechCrunch
– Bloomberg report on why Sweden have managed to build successful consumer technology companies Bloomberg
– Google, Ford, Volvo, Uber and Lyft form a coalition to urge federal action on allowing/trying self-driving cars in the US TechCrunch
Media
– Comcast bought Dreamworks for USD 3.8 BN or a 51% premium to April 25th close CNN
– BBC seeks to have 50% of its TV hosts female by 2020 Resume
– Facebook develops a “camera first” application WSJ
– Spotify acquires concert photo service Crowd Album DiDigital
– The Guardian allows readers to step into VR Guardian
– The streaming war between Apple and Spotify DigitalMusicNews
– Snapchat has over 10 BN video views per day Bloomberg
– Google said to be focusing its developers conference I/O in June 2016 on VR & AR
Earnings Q116
|
Estimate EPS (USD)
|
Actual EPS (USD)
|
Actual Revenue (USD)
|
Facebook
|
0.62
|
0.77
|
5.38 BN
|
Apple
|
0.62
|
0.64
|
22.08 BN
|
Amazon
|
0.58 | 1.07 | 29.13 BN |
Facebook’s move from desktop to mobile advertisement have shown results.
Apple’s posted first decline in revenue for the first time in 13 years.
Amazon’s web services (cloud storage/servers) boosted its revenue growth.
Some interesting stats from a16z: