Developers conference in mountain view, where it is doubling down on privacy. We will hear from a top exec. First, lyft shares falling after a quick pop on the heels of firstquarter earnings. The projected revenue exceeded the 782 million analysts forecast, and also an eyepopping net loss of 1. 14 billion this quarter, larger than what the company lost in all of 2018. Joining us to discuss, Mandeep Singh of bloomberg intelligence. They also beat on it revenue in general, but why so much spending in a single quarter . Mandeep a couple things. Looking at the metrics, there was a topline beat, but they have not shown as much leverage when it comes to marketing and r d. What that tells me, probably they are facing some signs of competition, which is why their fullyear forecast is a lot lighter. They grew 95 , but the fullyear forecast is 52 . If the business is seasonal, that makes sense. But otherwise there are signs they have more competition they are seeing, which is why they are invest
Forward, working to pivot to private communication. We hear from the Vice President of Facebook Messenger. The top story, apple reports service results, revenue hitting a high. This is after unveiling a plethora of new services. Still, its biggest revenue driver remains the iphone, where demand has stabilized. The iphone bringing in 31 billion after a disappointing holiday quarter. Aroline hyde caught up with vp of global device trackers and principal analyst julie after the results. Overall, not pretty, and we have got some tough times ahead. As sortooking at 2020 of the beginning of the real recovery. All is pretty much around of the device markets apple plays in, as well as the which is growing to the center of attention quickly. Beyond the iphone and other , which document this cash pile previously. We are getting clarity on the call, saying apple had 225 billion dollars in cash. They can invest confidently. Where would you want them to invest . That is a very hard question. If i k
Away fromrom spending the search giant. Apple shares rising in afterhours trading, up nearly 5 on the companys secondquarter Earnings Report as it continues to transition to a Services Company,. Revenue reached a high of 11. 5 billion. Apple is launching a plethora of new services, like streaming video, video games, improved news subscription. The biggest revenue driver remains the iphone, which saw the man stabilize saw demand stabilize. For more on these results, i want to bring in an analyst. So interested by these numbers. Share price saw big movement after hours. They are giving us a bigger dividend of Share Buybacks. These are still falling revenues, falling earnings per share, falling iphone sales. Julie it sounds like another boring quarter for apple. I think it is the same news every quarter. More seriously, the things you can look to that are very strong, their installed base continues to grow. Service revenue continues to grow. Its still a strong story for apple, despite all
Some current and former employees think so. First, to our top story. It is the biggest ipo in years. Uber made its public debut to much fanfare on the New York Stock Exchange on friday. I spoke with ubers Ceo Dara Khosrowshahi soon after shares started trading in new york. Dara today is a tough day for the markets with all of the china uncertainty. No one knows exactly where that is going. So you cannot pick when you go public. You can control how you execute as a company. Are you building a Great Service . And are you bringing in happy consumers all over the world . So we are going to focus on what we can control. We raised a lot of capital to invest and grow for many years. That is what we are focused on now. Emily so the president set the markets aflame this morning with his tweets, we have trade talks on the rocks and you are right. There is a lot of red on the board. How much do you think this has to do with that, and how much do you think it has to do with uber, which is still lo
We hear from the Vice President in of Facebook Messenger. Your first to the top story, a first to the top story, tory apple reports service results, revenue hitting a high. This is after unveiling a plethora of new services. Still, its biggest revenue him driver remains the iphone, where demand has stabilized. The iphone bringing in 31 in billion after a disappointing one holiday quarter. Caroline hyde caught up with a vp of global device trackers and will principal analyst julie after the results. Overall, not pretty, and we have got some tough times ahead. We are looking at 2020 as sort of the beginning of the real recovery. That is pretty much around all of the device markets apple plays in, as well as the services which is growing to the center of attention quickly. Beyond the iphone and other things, which document this cash pile previously. We are getting clarity on the call, saying apple had 225 billion dollars in cash. They can invest confidently. Where would you want them to i