Google Spotify releases its latest earnings report, Spotify is preparing for price increases, and Excel is becoming more user-friendly for custom data types. This is your daily crisis for October 29, 2020.
The big story: Google had a good quarter
Google's parent company alphabet released its third quarter earnings report this afternoon, well above Wall Street's expectations, thanks in large part to YouTube, which saw revenue jump to $ 5.0 billion (up from $ 3.8 billion Dollar in the third quarter of 2019).
Google Cloud grew revenue from $ 2.4 billion last year to $ 3.44 billion last quarter. Overall, Alphabet had sales of $ 46.2 billion and earnings per share of $ 16.40, compared to analyst forecasts of $ 42.88 billion in sales and earnings per share of $ 11.21.
The company's shares rose quickly 8.5% in after-hours trading.
The technology giants
Spotify's CEO says the company will continue to ramp up price increases. Although the company didn't set out its plans in detail, CEO Daniel Ek said the increases will take place in markets more mature for Spotify.
With Microsoft you can now integrate your own data types in Excel. This means that you can have a "customer data type" e.g. B. to bring extensive customer data from a third-party service into Excel.
Why Apple's Q4 Earnings Look Different This Year – With Apple's most recent iPhone launch a few weeks behind this year, the window for inclusion in the fourth quarter has been missed.
Startups, Financing and Venture Capital
Donut launches Watercooler, an easy way to connect with colleagues online. The startup also announced that it has raised a total of $ 12 million in funding under Accel’s leadership.
One-click housing startup Atmos is raising another $ 4 million from Khosla, Real Estate Strategics 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 Formerly Imprisoned People Find Community – While 70 million jobs focus on helping people with criminal records find work, its new Commissary Club network is designed to be a place where people can find community.
Advice and analysis of extra crunch
VCs poured capital into European startups in the third quarter, but early-stage dealmaking seemed to be suffering – VC trends of later and larger continue to transform the landscape of private capital.
In the "buy now, pay later" wars, PayPal is geared towards dominance – Stephen Milbank of Button writes that the biggest limitation to the "buy now, pay later" introduction is availability.
Twitter's API access changes are driving away third-party developers. On August 12, Twitter started a full rebuild of its 2012 API.
(Reminder: Extra Crunch is our membership program that aims to democratize information about startups. You can sign up here.)
Europe wants to limit how big technologies can push their own services and use third-party data – Commission EPP Margrethe Vestager confirmed that a legislative proposal due in a few weeks will aim to ban what she termed "unfair self-preference".
According to Comcast, Peacock has nearly 22 million signups. However, it's not clear how many of these are paid for versus free.
Technical optimism … in this economy? – The latest installment of Equity looks at great startup opportunities for the next decade.
The Daily Crunch is theinformationsuperhighway's round-up of our greatest and most important stories. If you'd like this to be delivered to your inbox around 3:00 p.m. Pacific time each day, you can sign up here.