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Vision fund. Oh, snap. Bullish bets payoff. Four more users per day than percted far more users day than expected but can growth keep up . Department of justice is set to open a broad antitrust review into big tech. They are looking specifically into whether u. S. Tech companies hurto big that they competition. Joining us to discuss, tom got gurman, and, mark ben rhody in washington. Ben we dont know a whole lot. We are looking at here is a sort of complement to a task force that the federal trade commission announced. Doj share antitrust oversight. What is especially interesting that theye believed had split up the companies, the doj would only be looking at google and apple. Now it looks like they could be looking at something more highlevel. They could be doing criminal referrals to other parts of the agency. These companies could be facing scrutiny from both agencies. Emily the doj had taken oversight over alphabet and apple. The ftc was going to be looking at facebook and amazon.
Snap, bullish bets pay off as the social Media Company far more users coming back on a daily basis, but can the growth keep happening . The u. S. Department of justice is poised to open a broad antitrust review into big tech, putting off of it, and facebook in the spotlight. Regulators are looking at whether Tech Companies are so big they stifle competition. This ratchets up pressure on tech giants facing scrutiny from europe to capitol hill. Joining us to discuss are a bloomberg tech executive editor, our bloomberg tech reporter who covers apple, and ben brody who covers techs corporate influence for bloomberg in washington. What do we know . Well, not a whole lot. I think what we are looking at complement toof the task force the federal trade commission announced. The ftc and the doj share antitrust oversight. I think we are looking at a complementary task horse. Is especially interesting as we had believed that doj and ftc had split up the companies. At doj would only be looking goo
There is only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. Lots of it. In fact, 13 billion of profits. How . Office software and Cloud Computing are proving to be the big money spinners for microsoft. The likes of microsoft 365 and the azure business in particular. Whats powering all of this . An unexpected rise in the number of new desktops and notebooks being sold around the world. Theyre up by almost 5 . Why . Companies are trying to replace old machines still running on windows 7 before support for the software expires next year. Theres also the fear that this could be a much more costly investment in the future if trade tariffs