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The HackerNoon Newsletter: Teslas Good Quarter (10/28/2024)

Tesla's back on the menu, baby! The world's most valuable car company became even more valuable this past week after it posted its quarterly results, and boy, they were something to marvel at. The company's profits were up — by 17% from last year — while sales grew 8% when compared to the same period in 2023. More importantly, not only did Elon Musk's company say that it was producing cars at their cheapest levels yet, but that it was producing them at record volumes. On top of that, Musk said it expected Tesla's vehicle sales to grow 20% to 30% next year as it introduces more affordable models in the first half of 2025. Naturally, investors went crazy, and the company's stock recorded their biggest single-day gain in over a decade on Thursday — a day after the results were released — adding nearly $150 billion to the company's market value. This couldn't have come at a better time for Musk as Wall Street was becoming increasingly concerned that Tesla was focusing a little too much on new projects like the robotaxi, away from its core business of selling electric cars. In fact, when Tesla announced the robotaxi and the so-called Cybercab at its "We, Robot" event just a few weeks prior, its stock dropped around 9% — indicating investors' dislike of Musk's plan to transform Tesla into an artificial intelligence and robotics company. Never the one to shy away from proving his naysayers wrong, Musk isn't giving up on the promise of offering autonomous transport at a "cost per mile below rideshare, personal car ownership and even public transit." Some would argue that is a bold goal, while others would point to the long list of Musk's broken promises. I'm just wondering if Musk is trying to reinvent public transportation 😂 I'm not alone, since Tesla investors are also wondering how Musk plans to pull off his grand vision, with Reuters reporting that Musk's optimism on having driverless ride-hailing services in California and Texas next year is likely going to face an uphill battle due to regulatory and technical challenges. One element that is not being discussed at all is of course Musk's relationship with Donald Trump. It's still too early to call who will win the elections, since both Trump and Kamala Harris are neck to neck, but if Trump were to become the next US president, Musk will benefit from it one way or the other. Trump has, in recent days, praised Musk's SpaceX on at least two occasions: once at an event in Chicago hosted by Bloomberg, and the second during his appearance on the Joe Rogan podcast. Musk has also been a part of Trump's campaign trail and has made numerous appearances during the Republican candidate's rallies, including the most recent one at Madison Square Garden. In fact, Trump has gone as far as to indicate he will appoint Musk as the head of a new government efficiency commission if he gets elected to office. But there might be more at play here. Trump has been very vocal about imposing tariffs on goods coming from foreign countries, including cars, due to a belief that it would generate jobs in America and boost the economy. Such a move would directly benefit Musk since Tesla can't compete against Chinese electric car makers, meaning any policy that makes them more expensive in the US would be a net positive for one of the world's richest men. For now, Musk can bask in the glory of his company's quarterly win. As things heat up, I'll be around to report on it. Tesla ranked #9 on HackerNoon's Tech Company Rankings this week. GET PUBLISHED ON HACKERNOON.
Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. In Other News.. 📰 Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio — via CoinDesk
Read AI raises $50M to capitalize on strong demand for its AI summary bot — via TechCrunch
X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms — via CNN
Microsoft's AI demand under scrutiny as investors seek payday — via Reuters
Meta strikes multi-year AI deal with Reuters — via Axios
How I turned ChatGPT into my tour guide in Italy — via CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tesla 's back on the menu, baby! Tesla Tesla The world's most valuable car company became even more valuable this past week after it posted its quarterly results, and boy, they were something to marvel at. The company's profits were up — by 17% from last year — while sales grew 8% when compared to the same period in 2023. More importantly, not only did Elon Musk's company say that it was producing cars at their cheapest levels yet, but that it was producing them at record volumes. On top of that, Musk said it expected Tesla's vehicle sales to grow 20% to 30% next year as it introduces more affordable models in the first half of 2025. producing producing Naturally, investors went crazy, and the company's stock recorded their biggest single-day gain in over a decade on Thursday — a day after the results were released — adding nearly $150 billion to the company's market value. recorded recorded This couldn't have come at a better time for Musk as Wall Street was becoming increasingly concerned that Tesla was focusing a little too much on new projects like the robotaxi, away from its core business of selling electric cars. In fact, when Tesla announced the robotaxi and the so-called Cybercab at its "We, Robot" event just a few weeks prior, its stock dropped around 9% — indicating investors' dislike of Musk's plan to transform Tesla into an artificial intelligence and robotics company. dropped dropped Never the one to shy away from proving his naysayers wrong, Musk isn't giving up on the promise of offering autonomous transport at a "cost per mile below rideshare, personal car ownership and even public transit." Some would argue that is a bold goal, while others would point to the long list of Musk's broken promises. I'm just wondering if Musk is trying to reinvent public transportation 😂 I'm not alone, since Tesla investors are also wondering how Musk plans to pull off his grand vision, with Reuters reporting that Musk's optimism on having driverless ride-hailing services in California and Texas next year is likely going to face an uphill battle due to regulatory and technical challenges. how reporting reporting One element that is not being discussed at all is of course Musk's relationship with Donald Trump. It's still too early to call who will win the elections, since both Trump and Kamala Harris are neck to neck, but if Trump were to become the next US president, Musk will benefit from it one way or the other. Trump has, in recent days, praised Musk's SpaceX on at least two occasions: once at an event in Chicago hosted by Bloomberg, and the second during his appearance on the Joe Rogan podcast. hosted hosted appearance appearance Musk has also been a part of Trump's campaign trail and has made numerous appearances during the Republican candidate's rallies, including the most recent one at Madison Square Garden. In fact, Trump has gone as far as to indicate he will appoint Musk as the head of a new government efficiency commission if he gets elected to office. recent recent head head But there might be more at play here. Trump has been very vocal about imposing tariffs on goods coming from foreign countries, including cars, due to a belief that it would generate jobs in America and boost the economy. Such a move would directly benefit Musk since Tesla can't compete against Chinese electric car makers, meaning any policy that makes them more expensive in the US would be a net positive for one of the world's richest men. For now, Musk can bask in the glory of his company's quarterly win. As things heat up, I'll be around to report on it. Tesla ranked #9 on HackerNoon's Tech Company Rankings this week. GET PUBLISHED ON HACKERNOON. Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. GET PUBLISHED ON HACKERNOON. GET PUBLISHED ON HACKERNOON . GET PUBLISHED ON HACKERNOON Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. Join a global network of   45,000+ published devs, builders,  founders, makers, VCs, hodlrs, and   hackers. Start submitting your tech  stories and tutorials to get   published FREE on HackerNoon — no pop-ups,  no paywalls. In Other News.. 📰 In Other News.. 📰 Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio — via CoinDesk Read AI raises $50M to capitalize on strong demand for its AI summary bot — via TechCrunch X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms — via CNN Microsoft's AI demand under scrutiny as investors seek payday — via Reuters Meta strikes multi-year AI deal with Reuters — via Axios How I turned ChatGPT into my tour guide in Italy — via CNBC Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio — via CoinDesk CoinDesk CoinDesk Read AI raises $50M to capitalize on strong demand for its AI summary bot — via TechCrunch TechCrunch TechCrunch X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms — via CNN CNN CNN Microsoft's AI demand under scrutiny as investors seek payday — via Reuters Reuters Reuters Meta strikes multi-year AI deal with Reuters — via Axios Axios Axios How I turned ChatGPT into my tour guide in Italy — via CNBC CNBC CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan , Editor, Business Tech @ HackerNoon Sheharyar Khan Sheharyar Khan *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech Company Rankings Tech Company Rankings Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here . here here

Tesla's Good Quarter

Teslova dobrá čtvrť

Teslas gutes Quartal

El buen trimestre de Tesla

テスラの好調な四半期

테슬라의 좋은 분기

Тесланын жакшы кварталы

Quartier Malamu ya Tesla

Quarter-ka Wanaagsan ee Tesla

Семоҳаи хуби Tesla

Ang Magandang Quarter ng Tesla

Teslaning yaxshi kvartal

The Noonification: The Good Quarter (8/25/2024)

The Noonification: The Good Quarter (8/14/2024)

The past two weeks, I've focused on some of the bigger news coming out of this earnings season, so I thought it was only fair to recap all the results I did not get a chance to cover. Here's a breakdown of what the magnificent 7 reported recently, minus Nvidia, which is yet to report its results. You can find my coverage of Google here. If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! Amazon The ecommerce giant had a good quarter. Net sales rose 10% year over year to $148 billion while profit more than doubled to $13.5 billion from a year earlier. Despite the spectacular results, Amazon warned that its online sales weren't growing as much because consumers were looking for deals, alluding to platforms like Temu and Shein that have severely undercut the company's prices by shipping products directly from mainland China. Not one to be bested, Amazon has already started onboarding Chinese sellers on its website and is looking to attract small and medium-size sellers that could utilize its logistics network to export overseas. Amazon landed #30 on HackerNoon's Tech Company Rankings page. Apple The maker of iPhones also had a good quarter. Revenue was up 5% year over year while profit rose close to 8% to $21.4 billion from a year ago. Despite facing weakness in China, the company believes it can woo customers with its next iPhone launch which will come with deep AI integrations. Perhaps anticipating this launch, Google went ahead and announced that its next Pixel lineup will be powered using AI processors, specifically the Tensor G4, to help the phone understand text, images and audio. Would Apple's next smartphone top that? It might. Apple actually has a leg up on Google on AI processors, having invested in developing AI-integrated processors — such as the A-series and M-series — as part of a shift to edge computing i.e. have users' phones do the heavy lifting of processing instead of on the cloud or the back end. That experience makes Apple uniquely positioned to compete against Google's hardware, especially considering that Google's proliferation in the smartphone market is negligible. Meta The OG social media company reported an increase in financial metrics across the board. Profit was up 73% to $13.5 billion after revenue rose 22% year over year to $39.1 billion. "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," Mark Zuckerberg said of the results. That latter part of his statement is interesting. Unlike ChatGPT, which requires a separate app or browser tab, Meta AI is actually integrated in ALL of Meta's offerings, chiefly Instagram, but also WhatsApp (which is used by over a billion people around the globe), and Facebook Messenger. That means users utilizing any of Meta's apps don't need to leave it for their search queries, the way they would for ChatGPT or any other AI assistant. Exactly how being the most used AI assistant in the world positions Meta AI against ChatGPT is yet to be seen, but all that data Meta is probably gathering could give it leverage in the long run. Instagram ranked #1 on HackerNoon's Tech Company Rankings page. Microsoft ChatGPT-backer Microsoft also reported a strong quarter, with revenue rising 15% year over year to $64.7 billion while profit up 10% to $22 billion from a year ago. Despite the results, investors couldn't help but get worried about a slowdown in the company's cloud business and the cost associated with building the company's AI infrastructure, which essentially leaves less in profit for investors or other business ventures. Wall Street has been getting jittery on AI recently, raising questions about how soon it can make a buck on the technology. At Microsoft, the company says it could be monetized over 15 years and beyond. I wonder where that would leave the rest. Microsoft ranked #2 on HackerNoon's Tech Company Rankings page. Tesla Elon Musk's electric car maker did not fare as well as the rest, reporting a drastic drop in its profit, down 42% year over year to $1.81 billion. Tesla's achilles heel appears to be its costs, and the company said as much when it attributed an increase in expenses on AI projects — which could include perfecting the company's autopilot mode for cars. One would assume that Musk is laser-focused on realizing the autopilot technology but recently redirected 12,000 of Nvidia's (NVDA) widely-in-demand H100 GPUs that were slated for Tesla over to his social media company X instead. This did not slip under the radar of an outspoken Democrat lawmaker, who recently wrote to the Tesla board suggesting that she may call on US regulators to discuss whether an intervention at the company was necessary given Musk's apparent conflicts of interest. In her letter, Elizabeth Warren cited Musk's role in SpaceX, Neuralink, The Boring Company, and X Corp. as examples of the billionaire juggling various enterprises and said the Tesla CEO "may not be adequately addressing his competing priorities." While Musk's other ventures are privately held, Tesla is not, and thus subject to securities law. Warren believes the Tesla board is doing a disservice to other shareholders by letting Musk run amok. The letter comes as the United States heads into elections, with Musk publicly coming out in support of Donald Trump — even going as far as to host the former US President on his social media platform X to boost the  Republican Presidential nominee's popularity and reach. Is Warren's letter politically motivated? One would hope not, but the intrigues of Washington and the frustration of the American public with the establishment is perhaps why Trump was able to become President in the first place. Tesla ranked #9 on HackerNoon's Tech Company Rankings page. In Other News.. 📰 Goldman Sachs Holds Over $400M in Bitcoin ETFs — via CoinDesk
Apple finally allows Spotify to show pricing info to EU users on iOS — via TechCrunch
How Elon Musk has turned X into a pro-Trump machine — via CNN
Decentralized AI network Sahara raises fresh capital in Samsung-backed round — via Reuters
The chatbot wars get personal — via Axios
Texas judge who owned Tesla stock recuses himself in Elon Musk’s X case against advertisers — via CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. The past two weeks, I've focused on some of the bigger news coming out of this earnings season , so I thought it was only fair to recap all the results I did not get a chance to cover. bigger news bigger news this earnings season this earnings season Here's a breakdown of what the magnificent 7 reported recently, minus Nvidia, which is yet to report its results. You can find my coverage of Google here . here here If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today! If you’re new to HackerNoon or a repeat reader, I would highly encourage you to start writing ! HackerNoon is an independent publishing platform that gives technologists an opportunity to showcase their expertise and thought leadership with fellow like-minded individuals on the internet. We host a range of diverse views, and yours could be next! Start writing today ! start writing Start writing today Amazon Amazon The ecommerce giant had a good quarter . Net sales rose 10% year over year to $148 billion while profit more than doubled to $13.5 billion from a year earlier. ecommerce giant ecommerce giant good quarter good quarter Despite the spectacular results, Amazon warned that its online sales weren't growing as much because consumers were looking for deals, alluding to platforms like Temu and Shein that have severely undercut the company's prices by shipping products directly from mainland China. Amazon Amazon warned warned severely undercut severely undercut Not one to be bested, Amazon has already started onboarding Chinese sellers on its website and is looking to attract small and medium-size sellers that could utilize its logistics network to export overseas. started onboarding started onboarding Amazon landed #30 on HackerNoon's Tech Company Rankings page. Amazon Amazon Tech Company Rankings Tech Company Rankings Apple Apple The maker of iPhones also had a good quarter . Revenue was up 5% year over year while profit rose close to 8% to $21.4 billion from a year ago. maker of iPhones maker of iPhones good quarter good quarter Despite facing weakness in China, the company believes it can woo customers with its next iPhone launch which will come with deep AI integrations. believes believes Perhaps anticipating this launch, Google went ahead and announced that its next Pixel lineup will be powered using AI processors, specifically the Tensor G4, to help the phone understand text, images and audio. Google Google announced announced Would Apple's next smartphone top that? It might. Apple actually has a leg up on Google on AI processors, having invested in developing AI-integrated processors — such as the A-series and M-series — as part of a shift to edge computing i.e. have users' phones do the heavy lifting of processing instead of on the cloud or the back end. That experience makes Apple uniquely positioned to compete against Google's hardware, especially considering that Google's proliferation in the smartphone market is negligible . Apple Apple negligible negligible Meta Meta The OG social media company reported an increase in financial metrics across the board. Profit was up 73% to $13.5 billion after revenue rose 22% year over year to $39.1 billion. OG social media company OG social media company increase increase "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," Mark Zuckerberg said of the results. That latter part of his statement is interesting. Unlike ChatGPT , which requires a separate app or browser tab, Meta AI is actually integrated in ALL of Meta's offerings, chiefly Instagram , but also WhatsApp (which is used by over a billion people around the globe), and Facebook Messenger. ChatGPT ChatGPT Instagram Instagram WhatsApp WhatsApp Facebook Facebook That means users utilizing any of Meta's apps don't need to leave it for their search queries, the way they would for ChatGPT or any other AI assistant. Exactly how being the most used AI assistant in the world positions Meta AI against ChatGPT is yet to be seen, but all that data Meta is probably gathering could give it leverage in the long run. Meta Meta Instagram ranked #1 on HackerNoon's Tech Company Rankings page. Instagram Instagram Tech Company Rankings Tech Company Rankings Microsoft Microsoft ChatGPT-backer Microsoft also reported a strong quarter, with revenue rising 15% year over year to $64.7 billion while profit up 10% to $22 billion from a year ago. Microsoft Microsoft Despite the results, investors couldn't help but get worried about a slowdown in the company's cloud business and the cost associated with building the company's AI infrastructure, which essentially leaves less in profit for investors or other business ventures. get worried get worried Wall Street has been getting jittery on AI recently, raising questions about how soon it can make a buck on the technology. At Microsoft, the company says it could be monetized over 15 years and beyond. make a buck make a buck I wonder where that would leave the rest. Microsoft ranked #2 on HackerNoon's Tech Company Rankings page. Microsoft Microsoft Tech Company Rankings Tech Company Rankings Tesla Tesla Elon Musk's electric car maker did not fare as well as the rest, reporting a drastic drop in its profit, down 42% year over year to $1.81 billion. electric car maker electric car maker drastic drop drastic drop Tesla 's achilles heel appears to be its costs, and the company said as much when it attributed an increase in expenses on AI projects — which could include perfecting the company's autopilot mode for cars. Tesla Tesla One would assume that Musk is laser-focused on realizing the autopilot technology but recently redirected 12,000 of Nvidia 's (NVDA) widely-in-demand H100 GPUs that were slated for Tesla over to his social media company X instead. Nvidia Nvidia X X This did not slip under the radar of an outspoken Democrat lawmaker, who recently wrote to the Tesla board suggesting that she may call on US regulators to discuss whether an intervention at the company was necessary given Musk's apparent conflicts of interest. wrote wrote In her letter , Elizabeth Warren cited Musk's role in SpaceX, Neuralink, The Boring Company, and X Corp. as examples of the billionaire juggling various enterprises and said the Tesla CEO "may not be adequately addressing his competing priorities." letter letter While Musk's other ventures are privately held, Tesla is not, and thus subject to securities law. Warren believes the Tesla board is doing a disservice to other shareholders by letting Musk run amok. The letter comes as the United States heads into elections, with Musk publicly coming out in support of Donald Trump — even going as far as to host the former US President on his social media platform X to boost the  Republican Presidential nominee's popularity and reach. coming out coming out Is Warren's letter politically motivated? One would hope not, but the intrigues of Washington and the frustration of the American public with the establishment is perhaps why Trump was able to become President in the first place. Tesla ranked #9 on HackerNoon's Tech Company Rankings page. Tesla Tesla Tech Company Rankings Tech Company Rankings In Other News.. 📰 In Other News.. 📰 Goldman Sachs Holds Over $400M in Bitcoin ETFs — via CoinDesk Apple finally allows Spotify to show pricing info to EU users on iOS — via TechCrunch How Elon Musk has turned X into a pro-Trump machine — via CNN Decentralized AI network Sahara raises fresh capital in Samsung-backed round — via Reuters The chatbot wars get personal — via Axios Texas judge who owned Tesla stock recuses himself in Elon Musk’s X case against advertisers — via CNBC Goldman Sachs Holds Over $400M in Bitcoin ETFs — via CoinDesk CoinDesk CoinDesk Apple finally allows Spotify to show pricing info to EU users on iOS — via TechCrunch TechCrunch TechCrunch How Elon Musk has turned X into a pro-Trump machine — via CNN CNN CNN Decentralized AI network Sahara raises fresh capital in Samsung-backed round — via Reuters Reuters Reuters The chatbot wars get personal — via Axios Axios Axios Texas judge who owned Tesla stock recuses himself in Elon Musk’s X case against advertisers — via CNBC CNBC CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan , Editor, Business Tech @ HackerNoon Sheharyar Khan Sheharyar Khan *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech Company Rankings Tech Company Rankings Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here. Tech, What the Heck!? is a once-weekly newsletter written by HackerNoon editors that combine HackerNoon's proprietary data with news-worthy tech stories from around the internet. Humorous and insightful, the newsletter recaps trending events that are shaping the world of tech. Subscribe here . here here

The Good Quarter

**SHERMAN OAKS, United States, May 14th, 2024/GamingWire/--**Xsolla, a global video game commerce company, published the Spring 2024 edition of "The Xsolla Report: The State of Play” today. Launched on the heels of the Game Developers Conference (GDC) 2024, this extensive report provides invaluable insights into the emerging trends and pivotal shifts impacting the gaming industry in the short and long term.  It sets the stage to significantly shape the future of mobile gaming, deepen academic connections within the gaming ecosystem, and redefine investment patterns. In an era where mobile gaming commanded a 49% share of the global market in 2023, this edition of "The State of Play" sheds light on the evolving landscape of mobile gaming. The report navigates through the advancements in global compliance and regulation, including the Digital Markets Act in Europe's new player engagement strategies, offering a glimpse into the potential future of mobile gaming monetization and distribution. It discusses the impact of cross-platform play and the importance of innovative monetization models, providing actionable insights for developers and industry stakeholders. "The State of Play" emphasizes the importance of academia in the growth and diversification of the gaming industry. It explores how educational programs and initiatives develop talent and promote diversity and inclusivity within the gaming community. This edition underlines the symbiotic relationship between the gaming industry and academic institutions, highlighting programs that significantly impact students and the industry. Berkley Egenes, Chief Marketing and Growth Officer at Xsolla, comments: "As we introduce the latest edition of 'The State of Play,' we're not merely sharing industry insights but advocating for a transformative vision: Equal Access for Everyone. This initiative goes beyond our commitment to innovation and growth within the gaming industry. It's about breaking down barriers to ensure that every developer, regardless of company size, has the opportunity to showcase their creativity and reach a global audience. Our focus is on providing platforms and tools that foster creative opportunities, international exposure, and the development of unique projects, ensuring that the future of gaming is accessible to all. We aim to empower every player and developer worldwide, ensuring the gaming landscape is as diverse and dynamic as its community." The report offers an in-depth analysis of the gaming industry's current investment climate, including funding trends, mergers, and acquisitions. It outlines the shifts in investment patterns, from the heights of the pandemic-induced boom to a more measured approach in 2024. "The State of Play" provides a roadmap for navigating the industry's financial aspects, offering insights into strategic investment opportunities and forecasting future trends. Featuring expert commentary from industry voices like Mukul Aurora, Co-founder of Appsoleut Games; Mariusz Gasiewski, CEO of Mobile Gaming and Apps Lead at Google; Karla Reyes, Founder and Studio Director, Anima Interactive, the Xsolla Report: The State of Play is now available for complimentary download. To secure your copy and gain invaluable insights into the gaming industry, visit our website:  xsolla.pro/txr-spring24 Contact PR Director Derrick Stembridge Xsolla d.stembridge@xsolla.com 919-971-7855 This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SHERMAN OAKS, United States, May 14th, 2024/GamingWire/--**Xsolla, a global video game commerce company, published the Spring 2024 edition of "The Xsolla Report: The State of Play” today. Launched on the heels of the Game Developers Conference (GDC) 2024, this extensive report provides invaluable insights into the emerging trends and pivotal shifts impacting the gaming industry in the short and long term.  It sets the stage to significantly shape the future of mobile gaming, deepen academic connections within the gaming ecosystem, and redefine investment patterns. In an era where mobile gaming commanded a 49% share of the global market in 2023, this edition of "The State of Play" sheds light on the evolving landscape of mobile gaming. The report navigates through the advancements in global compliance and regulation, including the Digital Markets Act in Europe's new player engagement strategies, offering a glimpse into the potential future of mobile gaming monetization and distribution. It discusses the impact of cross-platform play and the importance of innovative monetization models, providing actionable insights for developers and industry stakeholders. "The State of Play" emphasizes the importance of academia in the growth and diversification of the gaming industry. It explores how educational programs and initiatives develop talent and promote diversity and inclusivity within the gaming community. This edition underlines the symbiotic relationship between the gaming industry and academic institutions, highlighting programs that significantly impact students and the industry. Berkley Egenes, Chief Marketing and Growth Officer at Xsolla, comments: "As we introduce the latest edition of 'The State of Play,' we're not merely sharing industry insights but advocating for a transformative vision: Equal Access for Everyone. This initiative goes beyond our commitment to innovation and growth within the gaming industry. It's about breaking down barriers to ensure that every developer, regardless of company size, has the opportunity to showcase their creativity and reach a global audience. Our focus is on providing platforms and tools that foster creative opportunities, international exposure, and the development of unique projects, ensuring that the future of gaming is accessible to all. We aim to empower every player and developer worldwide, ensuring the gaming landscape is as diverse and dynamic as its community." The report offers an in-depth analysis of the gaming industry's current investment climate, including funding trends, mergers, and acquisitions. It outlines the shifts in investment patterns, from the heights of the pandemic-induced boom to a more measured approach in 2024. "The State of Play" provides a roadmap for navigating the industry's financial aspects, offering insights into strategic investment opportunities and forecasting future trends. Featuring expert commentary from industry voices like Mukul Aurora, Co-founder of Appsoleut Games; Mariusz Gasiewski, CEO of Mobile Gaming and Apps Lead at Google; Karla Reyes, Founder and Studio Director, Anima Interactive, the Xsolla Report: The State of Play is now available for complimentary download. To secure your copy and gain invaluable insights into the gaming industry, visit our website: xsolla.pro/txr-spring24 xsolla.pro/txr-spring24 xsolla.pro/txr-spring24 Contact PR Director Derrick Stembridge Xsolla d.stembridge@xsolla.com 919-971-7855 This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Gamingwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Xsolla Releases Quarterly Insights Report On The Future Of Gaming And Game Development

Story written using the unofficial Axios Template. Featuring image generated via DALLE prompt: typical apple customer with a vision pro on a couch next to a typical facebook customer with an oculus headset on. above their heads in a shared/mixed reality world, they fight. The lead: Reality Labs, the VR subsidiary of Meta and makers of the Oculus headset, passed $1B in Q4 Revenue, according to Meta’s earning call. Zuck said, “I expect (Quest 3) to continue to be the most popular mixed reality device.” Why it matters: Meta paid $2-ish billion for Oculus / Reality Labs when it had $23M in yearly revenue. That’s 87X yearly revenue. And now ten-ish years later, here it is as $4B+ yearly revenue business. Not only do these revenue numbers show that early adopters are ready and willing to pay for a premium mixed reality interface, but also once again shows it’s hard to bet against Zuckerberg.  He consistently guesses what market will grow, buys the emerging startup in that space, and throws them into the Facebook growth engine. Flashback: CNN’s Brandon Griggs wrote: “How is this awkward marriage going to work? Maybe it won’t: Facebook moms and Millennial gamers are an uneasy mix.” Driving the news: The Apple Vision Pro also came out this week, and I’m sure folks at Apple believe it will in fact become the most popular mixed reality device. Some of the best reviews are by MKBHD, Casey,  and of course, by The Simpsons 8 years ago. Will people wear these in public? To combat this isolated astronaut vibe, Meta teamed up with Ray Ban to also offer smart glasses - as the Vision Pro evolves, I think there could be versions that look more and more like sun glasses, or we as a society may just learn to accept our fate as a heavily goggled people. Reality check: At $4k each, Apple will need to sell 1M units to reach the $4M in yearly revenue, Reality Labs 4th quarter revenue rate. In the first ten days, they sold 200k units. And Apple’s already built the infrastructure of 520 premium physical stories to distribute these devices about as fast as they can make them around the world, but am unsure how much that will matter in the future of hardware device sales. The mixed reality headset wars are on! Just think of how much money there is to be made on unique chargers! The big picture: When it comes to these mixed reality headsets, what use cases will drive adoption? Meta’s steered into gaming, and now Apple’s steering into productivity. But both want to sell on this is just a cool fucking device with the earliest access to computing’s next interface. And no one truly knows what use case will drive market share until it does. What they’re saying: Ma.tt Mullenweg blogged three paragraphs detailing a rough first experience and onboarding with the Apple Vision Pro  before concluding: “Just like I learned to type I think I’m going to need to learn to become fluent in this new interaction paradigm. I did have a before and after feeling, like the world had shifted, not unlike when you saw the first iPod or iPhone.” Be smart: Screens are not essential to the internet. We’ve been raised on them, through them we interacted with the cloud of information. Maybe it’s not flat. Maybe it’s a goggle. Maybe it’s a Google. Maybe it’s an Apple. Maybe it’s this Meta. Are you reading this from your mixed reality headset? Probably not yet. Write your own Axios Style story [template]. Story written using the unofficial Axios Template. Featuring image generated via DALLE prompt: typical apple customer with a vision pro on a couch next to a typical facebook customer with an oculus headset on. above their heads in a shared/mixed reality world, they fight. Story written using the unofficial Axios Template . Featuring image generated via DALLE prompt: typical apple customer with a vision pro on a couch next to a typical facebook customer with an oculus headset on. above their heads in a shared/mixed reality world, they fight. Story written using the unofficial Axios Template The lead: The lead: Reality Labs, the VR subsidiary of Meta and makers of the Oculus headset, passed $1B in Q4 Revenue, according to Meta’s earning call . Zuck said, “I expect (Quest 3) to continue to be the most popular mixed reality device.” according to Meta’s earning call Why it matters: Why it matters: Meta paid $2-ish billion for Oculus / Reality Labs when it had $23M in yearly revenue . That’s 87X yearly revenue. And now ten-ish years later, here it is as $4B+ yearly revenue business. Not only do these revenue numbers show that early adopters are ready and willing to pay for a premium mixed reality interface, but also once again shows it’s hard to bet against Zuckerberg.  He consistently guesses what market will grow, buys the emerging startup in that space, and throws them into the Facebook growth engine. $2-ish billion for Oculus / Reality Labs $23M in yearly revenue Flashback: Flashback: CNN’s Brandon Griggs wrote : “How is this awkward marriage going to work? Maybe it won’t: Facebook moms and Millennial gamers are an uneasy mix.” CNN’s Brandon Griggs wrote Driving the news: Driving the news: The Apple Vision Pro also came out this week, and I’m sure folks at Apple believe it will in fact become the most popular mixed reality device. Some of the best reviews are by MKBHD , Casey ,  and of course, by The Simpsons 8 years ago . Will people wear these in public? To combat this isolated astronaut vibe, Meta teamed up with Ray Ban to also offer smart glasses - as the Vision Pro evolves, I think there could be versions that look more and more like sun glasses, or we as a society may just learn to accept our fate as a heavily goggled people. Apple Vision Pro MKBHD Casey by The Simpsons 8 years ago Reality check: Reality check: At $4k each, Apple will need to sell 1M units to reach the $4M in yearly revenue, Reality Labs 4th quarter revenue rate. In the first ten days, they sold 200k units . And Apple’s already built the infrastructure of 520 premium physical stories to distribute these devices about as fast as they can make them around the world, but am unsure how much that will matter in the future of hardware device sales. The mixed reality headset wars are on! Just think of how much money there is to be made on unique chargers! Apple they sold 200k units 520 premium physical stories The big picture: The big picture: When it comes to these mixed reality headsets, what use cases will drive adoption? Meta’s steered into gaming, and now Apple’s steering into productivity. But both want to sell on this is just a cool fucking device with the earliest access to computing’s next interface. And no one truly knows what use case will drive market share until it does. What they’re saying: What they’re saying: Ma.tt Mullenweg blogged three paragraphs detailing a rough first experience and onboarding with the Apple Vision Pro  before concluding: “Just like I learned to type I think I’m going to need to learn to become fluent in this new interaction paradigm. I did have a before and after feeling, like the world had shifted, not unlike when you saw the first iPod or iPhone.” Ma.tt Mullenweg blogged Be smart: Be smart: Screens are not essential to the internet. We’ve been raised on them, through them we interacted with the cloud of information. Maybe it’s not flat. Maybe it’s a goggle. Maybe it’s a Google. Maybe it’s an Apple. Maybe it’s this Meta. Are you reading this from your mixed reality headset? Probably not yet. Write your own Axios Style story [template]. Write your own Axios Style story [template].

Headset Reality Wars: Meta @ $1B Quarterly VR Revenue & Apple Vision Pro Sells 200k Units in 10 Days

হেডসেট রিয়ালিটি ওয়ারস: মেটা @ $1B ত্রৈমাসিক VR আয় এবং Apple Vision Pro 10 দিনে 200k ইউনিট বিক্রি করে

Headset Reality Wars: Meta erzielt vierteljährlichen VR-Umsatz von 1 Milliarde US-Dollar und Apple Vision Pro verkauft 200.000 Einheiten in 10 Tagen

Headphone Reality Wars: Meta con ingresos trimestrales de realidad virtual de 1.000 millones de dólares y Apple Vision Pro vende 200.000 unidades en 10 días

Headphone Reality Wars : Meta @ 1 milliard de dollars de revenus VR trimestriels et Apple Vision Pro vend 200 000 unités en 10 jours

हेडसेट रियलिटी वॉर्स: मेटा @ $1बी त्रैमासिक वीआर राजस्व और ऐप्पल विज़न प्रो ने 10 दिनों में 200k इकाइयाँ बेचीं

ヘッドセット リアリティ ウォーズ: メタ @ 四半期 VR 収益 10 億ドル、Apple Vision Pro は 10 日間で 20 万台を販売

헤드셋 현실 전쟁: Meta @ $1B 분기별 VR 수익 및 Apple Vision Pro, 10일 만에 20만 대 판매

Headset Reality Wars: Meta @ receita trimestral de VR de US$ 1 bilhão e Apple Vision Pro vende 200 mil unidades em 10 dias

Войны реальности гарнитур: Meta с ежеквартальной выручкой в 1 миллиард долларов и Apple Vision Pro продает 200 тысяч единиц за 10 дней

Kulaklık Gerçeklik Savaşları: Meta @ 1 Milyar Dolar Üç Aylık VR Geliri ve Apple Vision Pro 10 Günde 200 Bin Birim Sattı

Cuộc chiến thực tế về tai nghe: Meta @ $1B Doanh thu VR hàng quý & Apple Vision Pro bán được 200 nghìn chiếc trong 10 ngày

耳机现实大战：Meta @ 10 亿美元季度 VR 收入 & Apple Vision Pro 10 天内售出 20 万台

It's been a busy few weeks, with each of the tech behemoths reporting their earnings for the third quarter of the year. Here's a quick recap of the billions each one of them made: Google-parent Alphabet saw a whopping 11% year-over-year increase in its revenue during the three months ended Sept. 30. The tech titan made a profit of $19.69 billion on revenues of $76.69 billion in the preceding quarter, compared to a profit of $13.91 billion on revenues of $69.09 billion in the same period of 2022. The increases were driven by "meaningful growth in Search and YouTube, and momentum in Cloud," Alphabet CFO Ruth Porat said in a statement. Microsoft too reported an increase in its revenues and profit for the three months ended Sept. 30. The Windows maker generated $56.52 billion in revenue and $22.29 billion in income last quarter, compared to the $50.12 billion in revenue and $17.56 billion in net income in the same quarter last year. As with Google, Microsoft attributed a momentum in cloud computing as a catalyst for the increased sales. Meanwhile, over at Mark Zuckerberg's Meta, the Menlo Park, Calif.-based social media giant had an eye popping turnaround story. The company made $34.15 billion in revenue, up 23% year over year, but the breakthrough was of course, the profit: up more than 2.5x to $11.58 billion from the $4.40 billion a year ago. Topping things off, Amazon said its net sales increased 13% year over year to $143.1 billion during the most recent quarter while net income was up to $9.9 billion from $2.9 billion a year ago. Despite raking in billions, each of these companies laid off thousands of people this year in a bid to save cost and even out the lack of growth from the COVID-19 days when their businesses were booming. Google ranked #6 on HackerNoon's Tech Company Rankings this week. Microsoft ranked #8 while Meta was on the #24 spot. Amazon, Google's Plan to Beat ChatGPT: Invest in Its Competitor ⛲ It looks like Google is partnering with Amazon in funding a startup that promises to compete head to head with Microsoft-backed OpenAI's ChatGPT. We are, of course, talking about Anthropic, the San Francisco-based generative AI startup that received an inflow of $1.25 billion from Amazon last month with promises of another cool $2.75 billion. Well, Anthropic is now adding Google to its list of investors, as the search giant too is investing a cool half a billion dollars in the startup with commitments of up to $1.5 billion in the future. The combined $6 billion from Amazon and Google, while nothing to scoff at, is still less than half the $13 billion Microsoft has reportedly injected into OpenAI ever since it shook hands with the company in 2019. What's also interesting is the fact that, as opposed to OpenAI, Anthropic has garnered interest from two major tech giants who compete against each other in the cloud space. It just might seem that companies that are lagging behind in the AI space are trying to play catchup and catch lightning in a bottle, similar to how Microsoft did with its investment in OpenAI. Also, an interesting fact: Anthropic was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei. Exciting times ahead! 👋 You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. In Other News.. 📰 Resident Evil Village on the iPhone could be a preview of Apple’s gaming future — via The Verge.
Google CEO Sundar Pichai to testify in US antitrust trial — via Reuters.
Amazon’s Tye Brady discusses generative AI, humanoid robots and mobile manipulation — via TechCrunch.
A look back at Elon Musk’s first year owning Twitter, in tweets — via CNN.
Fidelity has marked down the value of Twitter/X by 65% — via Axios.
Biden unveils U.S. government’s first-ever AI executive order — via CNBC. And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. It's been a busy few weeks, with each of the tech behemoths reporting their earnings for the third quarter of the year. Here's a quick recap of the billions each one of them made: Google -parent Alphabet saw a whopping 11% year-over-year increase in its revenue during the three months ended Sept. 30. The tech titan made a profit of $19.69 billion on revenues of $76.69 billion in the preceding quarter, compared to a profit of $13.91 billion on revenues of $69.09 billion in the same period of 2022. Google Google Alphabet Alphabet increase increase The increases were driven by "meaningful growth in Search and YouTube, and momentum in Cloud," Alphabet CFO Ruth Porat said in a statement. Microsoft too reported an increase in its revenues and profit for the three months ended Sept. 30. The Windows maker generated $56.52 billion in revenue and $22.29 billion in income last quarter, compared to the $50.12 billion in revenue and $17.56 billion in net income in the same quarter last year. Microsoft Microsoft increase increase As with Google, Microsoft attributed a momentum in cloud computing as a catalyst for the increased sales. Meanwhile, over at Mark Zuckerberg's Meta, the Menlo Park, Calif.-based social media giant had an eye popping turnaround story . The company made $34.15 billion in revenue, up 23% year over year, but the breakthrough was of course, the profit: up more than 2.5x to $11.58 billion from the $4.40 billion a year ago. turnaround story turnaround story Topping things off, Amazon said its net sales increased 13% year over year to $143.1 billion during the most recent quarter while net income was up to $9.9 billion from $2.9 billion a year ago. Amazon Amazon up up Despite raking in billions, each of these companies laid off thousands of people this year in a bid to save cost and even out the lack of growth from the COVID-19 days when their businesses were booming. laid off thousands laid off thousands Google ranked #6 on HackerNoon's Tech Company Rankings this week. Microsoft ranked #8 while Meta was on the #24 spot. Amazon, Google's Plan to Beat ChatGPT: Invest in Its Competitor ⛲ Amazon, Google's Plan to Beat ChatGPT: Invest in Its Competitor It looks like Google is partnering with Amazon in funding a startup that promises to compete head to head with Microsoft-backed OpenAI's ChatGPT. We are, of course, talking about Anthropic, the San Francisco-based generative AI startup that received an inflow of $1.25 billion from Amazon last month with promises of another cool $2.75 billion. Well, Anthropic is now adding Google to its list of investors, as the search giant too is investing a cool half a billion dollars in the startup with commitments of up to $1.5 billion in the future. adding adding The combined $6 billion from Amazon and Google, while nothing to scoff at, is still less than half the $13 billion Microsoft has reportedly injected into OpenAI ever since it shook hands with the company in 2019. injected injected What's also interesting is the fact that, as opposed to OpenAI, Anthropic has garnered interest from two major tech giants who compete against each other in the cloud space. It just might seem that companies that are lagging behind in the AI space are trying to play catchup and catch lightning in a bottle, similar to how Microsoft did with its investment in OpenAI. Also, an interesting fact: Anthropic was co-founded by former OpenAI executives and siblings Dario and Daniela Amodei. Exciting times ahead! 👋 You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. 👋 You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. You’re reading part 2 of HackerNoon's Tech Company News Brief, a weekly collection of tech goodness that combines HackerNoon's proprietary data with internet trends to determine which companies are rising and falling in the public consciousness. Part 1 went live yesterday. Prefer reading the whole thing a day early AND in one go? No problemo! Just subscribe here to receive the complete newsletter in your inbox every Tuesday. part 2 Part 1 Part 1 here complete In Other News.. 📰 In Other News.. 📰 Resident Evil Village on the iPhone could be a preview of Apple’s gaming future — via The Verge. Google CEO Sundar Pichai to testify in US antitrust trial — via Reuters. Amazon’s Tye Brady discusses generative AI, humanoid robots and mobile manipulation — via TechCrunch. A look back at Elon Musk’s first year owning Twitter, in tweets — via CNN. Fidelity has marked down the value of Twitter/X by 65% — via Axios. Biden unveils U.S. government’s first-ever AI executive order — via CNBC. Resident Evil Village on the iPhone could be a preview of Apple’s gaming future — via The Verge . The Verge The Verge Google CEO Sundar Pichai to testify in US antitrust trial — via Reuters . Reuters Reuters Amazon’s Tye Brady discusses generative AI, humanoid robots and mobile manipulation — via TechCrunch . TechCrunch TechCrunch A look back at Elon Musk’s first year owning Twitter, in tweets — via CNN . CNN CNN Fidelity has marked down the value of Twitter/X by 65% — via Axios . Axios Axios Biden unveils U.S. government’s first-ever AI executive order — via CNBC . CNBC CNBC And that's a wrap! Don't forget to share this newsletter with your family and friends! See y'all next week. PEACE! ☮️ — Sheharyar Khan, Editor, Business Tech @ HackerNoon *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. *All rankings are current as of Monday. To see how the rankings have changed, please visit HackerNoon's Tech Company Rankings page. Tech Company Rankings Tech Company Rankings

The Tech Company News Brief: How Much Money Did Tech Companies Make Last Quarter? 

টেক কোম্পানির সংবাদ সংক্ষিপ্ত: টেক কোম্পানিগুলো গত ত্রৈমাসিকে কত টাকা উপার্জন করেছে?

The Tech Company News Brief: Wie viel Geld haben Technologieunternehmen im letzten Quartal verdient?

Resumen de noticias de The Tech Company: ¿Cuánto dinero ganaron las empresas de tecnología el último trimestre?

The Tech Company News Brief : Combien d’argent les entreprises technologiques ont-elles gagné au dernier trimestre ?

टेक कंपनी समाचार संक्षिप्त: टेक कंपनियों ने पिछली तिमाही में कितना पैसा कमाया?

テクノロジー企業ニュース概要: テクノロジー企業は前四半期にどれくらいの利益を上げましたか?

기술 회사 뉴스 개요: 기술 회사는 지난 분기에 얼마나 많은 돈을 벌었나요?

Resumo das notícias da The Tech Company: Quanto dinheiro as empresas de tecnologia ganharam no último trimestre?

Краткий обзор новостей технологических компаний: сколько денег технологические компании заработали в прошлом квартале?

Tech Company Haber Özeti: Teknoloji Şirketleri Son Çeyrek Ne Kadar Para Kazandı?

Bản tin tóm tắt về công ty công nghệ: Các công ty công nghệ đã kiếm được bao nhiêu tiền trong quý vừa qua?

科技公司新闻简报：科技公司上季度赚了多少钱？

As time goes on, Solana keeps improving its position as a major force in the blockchain world, leaving many of its competitors in the rear view. Where the likes of Ethereum, Binance Smart Chain and TRON once held the spotlight, now it’s Solana’s turn to be in the lead. Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Dune Analytics’ data shows that, in 2024, Solana’s stablecoin supply jumped 156% compared to last year, reaching over $3.7 billion. Better still, it also hit a new record for real economic activity in October ($36.8 million), while the TVL has surpassed $6 billion for the first time since 2022. The growth is impressive, and it clearly shows that the opportunities within the Solana ecosystem are growing. In this article, let’s explore why that is the case. What Is Fueling Solana’s Growth? Solana offers vast opportunities, but its growing popularity comes to a simple thing: it’s fast and cheap. However, some users want the transactions to be even faster, so they are paying priority fees to speed up the processing. Last week (October 21-27, 2024) the amount paid jumped almost twice (from $8.3M to $15.2M), which significantly boosted the real economic value activity. Another key factor in Solana’s growth was the rise in Jito tips (where users tip to ensure smooth transaction processing) — they surged from $10.3M to $20.1M in the same week. These figures highlight how the trader’s interest towards Solana is going up, especially those who want to launch new projects. The main attraction is, once again, low costs. Transaction fees on this chain remain competitively low — just a fraction of a cent, compared to, for example, Ethereum, where the fees per transaction can reach $6–8. Another reason for Solana’s success has been, of course, the boom of DeFi opportunities within its ecosystem. Protocols like Sanctum, Jito, and Kamino have attracted new waves of users by offering creative solutions for things like lending, staking, and liquidity provision. They are successfully drawing in crypto investors with high yields and point systems with promises of airdrops from several projects. This is not just giving a boost to Solana’s DeFi landscape but also brings more liquidity into the whole ecosystem. Additionally, the launch of decentralized exchanges and cross-chain bridges between Solana and other blockchain networks plays a significant role in the ecosystem’s success. Take Jupiter, for example — one of the top Solana-based platforms in 2024, the DEX aggregator boasts consistently high trading volumes. On October 25, it nearly crossed the $2B mark, establishing a new record. Bridges, meanwhile, are adding to Solana’s popularity by simplifying transfers across other networks and giving users opportunities to diversify their strategies. All without needing to leave Solana’s ecosystem. For developers, this means getting access to a broader user base. For investors, the chance to move assets across chains quickly and cheaply (as we’ve already covered earlier). Finally, one of the biggest attributes that Solana can boast of is true decentralization. Unlike BSC or XRP, Solana’s infrastructure is fully driven by the community, which has helped a lot in terms of establishing trust among users and positioning Solana as a genuine option for developers devoted to the core idea of decentralization. SOL Token’s Bullish Outlook What can we expect soon? As of October 27, Solana’s SOL token was trading at $179. End-of-the-year periods historically tend to mean price increases for tokens. Forecasts also say that a bull market is expected to begin at the end of 2024. And not only that, Bitcoin’s halving has already passed earlier in the year, and prices always go on the rise after that. So with everything above taken into account, we can reasonably expect SOL to reach around $200 by the end of 2024. And if it manages to break out of its current accumulation phase, it could even potentially challenge its previous all-time-high of $259. The data brought up at the beginning of this article also supports this line of thinking, showing Solana’s rising popularity. With more projects moving to Solana to take advantage of its opportunities, SOL’s future growth seems like a safe bet. Admittedly, these are just my personal observations and should not be taken as gospel or financial advice. Volatility is always a factor in crypto, so market participants should carefully consider their options before making any decisions about buying or selling SOL. Stablecoins on Solana Are the Future of Payments Typically pegged to fiat currencies like USD, stablecoins offer a sense of safety and usability that more volatile cryptocurrencies cannot. This makes it far easier for them to take an increasingly important role in the global financial infrastructure; stablecoins are already becoming essential for making both everyday transactions and large-scale business payments. Solana is in a good spot to benefit from their rise. For example, stablecoins like PayPal’s PYUSD have already made an impact —  where it struggled to scale on Ethereum, PYUSD has gained almost $250 million in market cap​ on Solana between May-October 2024. Users mostly prefer using USDT and USDC on Solana since it ensures fast, low-cost stablecoin transactions. These stablecoins can be confidently called the most popular, as they are already a mainstream payment tool. Between October 2023 and October 2024, their market cap jumped $36B and $9,7B respectively. At the same time, Tether recently released data that shows how the number of on-chain wallets has grown to 330 million by Q3 2024, with the average growth of 9% across the last four quarters. This surge in popularity is significantly benefiting Solana as well. Solana’s Future is Bright At this point, I’d say that we have firmly established that Solana’s growth in 2024 is no fluke or empty hype. It’s built on genuine technological advantages and real-world benefits for users and developers alike. Solana’s ability to offer fast and affordable transactions, paired with its thriving DeFi landscape and strong stablecoin support, makes it a strong contender for leadership in the blockchain world. As time goes on, Solana keeps improving its position as a major force in the blockchain world, leaving many of its competitors in the rear view. Where the likes of Ethereum, Binance Smart Chain and TRON once held the spotlight, now it’s Solana’s turn to be in the lead. Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Dune Analytics’ data shows that, in 2024, Solana’s stablecoin supply jumped 156% compared to last year, reaching over $3.7 billion. Better still, it also hit a new record for real economic activity in October ($36.8 million), while the TVL has surpassed $6 billion for the first time since 2022. data data record record surpassed surpassed The growth is impressive, and it clearly shows that the opportunities within the Solana ecosystem are growing. In this article, let’s explore why that is the case. What Is Fueling Solana’s Growth? Solana offers vast opportunities, but its growing popularity comes to a simple thing: it’s fast and cheap. However, some users want the transactions to be even faster, so they are paying priority fees to speed up the processing. Last week (October 21-27, 2024) the amount paid jumped almost twice (from $8.3M to $15.2M), which significantly boosted the real economic value activity. Another key factor in Solana’s growth was the rise in Jito tips (where users tip to ensure smooth transaction processing) — they surged from $10.3M to $20.1M in the same week. jumped jumped surged surged These figures highlight how the trader’s interest towards Solana is going up, especially those who want to launch new projects. The main attraction is, once again, low costs. Transaction fees on this chain remain competitively low — just a fraction of a cent, compared to, for example, Ethereum, where the fees per transaction can reach $6–8. Another reason for Solana’s success has been, of course, the boom of DeFi opportunities within its ecosystem. Protocols like Sanctum, Jito, and Kamino have attracted new waves of users by offering creative solutions for things like lending, staking, and liquidity provision. They are successfully drawing in crypto investors with high yields and point systems with promises of airdrops from several projects. This is not just giving a boost to Solana’s DeFi landscape but also brings more liquidity into the whole ecosystem. Additionally, the launch of decentralized exchanges and cross-chain bridges between Solana and other blockchain networks plays a significant role in the ecosystem’s success. Take Jupiter, for example — one of the top Solana-based platforms in 2024, the DEX aggregator boasts consistently high trading volumes. On October 25, it nearly crossed the $2B mark , establishing a new record. $2B mark $2B mark Bridges, meanwhile, are adding to Solana’s popularity by simplifying transfers across other networks and giving users opportunities to diversify their strategies. All without needing to leave Solana’s ecosystem. For developers, this means getting access to a broader user base. For investors, the chance to move assets across chains quickly and cheaply (as we’ve already covered earlier). Finally, one of the biggest attributes that Solana can boast of is true decentralization. Unlike BSC or XRP, Solana’s infrastructure is fully driven by the community, which has helped a lot in terms of establishing trust among users and positioning Solana as a genuine option for developers devoted to the core idea of decentralization. SOL Token’s Bullish Outlook What can we expect soon? As of October 27, Solana’s SOL token was trading at $179 . End-of-the-year periods historically tend to mean price increases for tokens. Forecasts also say that a bull market is expected to begin at the end of 2024. And not only that, Bitcoin’s halving has already passed earlier in the year, and prices always go on the rise after that. $179 $179 So with everything above taken into account, we can reasonably expect SOL to reach around $200 by the end of 2024. And if it manages to break out of its current accumulation phase, it could even potentially challenge its previous all-time-high of $259. The data brought up at the beginning of this article also supports this line of thinking, showing Solana’s rising popularity. With more projects moving to Solana to take advantage of its opportunities, SOL’s future growth seems like a safe bet. Admittedly, these are just my personal observations and should not be taken as gospel or financial advice. Volatility is always a factor in crypto, so market participants should carefully consider their options before making any decisions about buying or selling SOL. Stablecoins on Solana Are the Future of Payments Typically pegged to fiat currencies like USD, stablecoins offer a sense of safety and usability that more volatile cryptocurrencies cannot. This makes it far easier for them to take an increasingly important role in the global financial infrastructure; stablecoins are already becoming essential for making both everyday transactions and large-scale business payments. Solana is in a good spot to benefit from their rise. For example, stablecoins like PayPal’s PYUSD have already made an impact —  where it struggled to scale on Ethereum, PYUSD has gained almost $250 million in market cap​ on Solana between May-October 2024. $250 million $250 million Users mostly prefer using USDT and USDC on Solana since it ensures fast, low-cost stablecoin transactions. These stablecoins can be confidently called the most popular, as they are already a mainstream payment tool. Between October 2023 and October 2024, their market cap jumped $36B and $9,7B respectively. At the same time, Tether recently released data that shows how the number of on-chain wallets has grown to 330 million by Q3 2024, with the average growth of 9% across the last four quarters. This surge in popularity is significantly benefiting Solana as well. $36B $36B $9,7B $9,7B data data Solana’s Future is Bright At this point, I’d say that we have firmly established that Solana’s growth in 2024 is no fluke or empty hype. It’s built on genuine technological advantages and real-world benefits for users and developers alike. Solana’s ability to offer fast and affordable transactions, paired with its thriving DeFi landscape and strong stablecoin support, makes it a strong contender for leadership in the blockchain world.

Solana’s Surge: Why is It Set to Lead the Blockchain Industry?

This year, MicroStrategy bought over $700 million in Bitcoin. That’s on top of more than $6 billion acquired in prior years. Not bad for a company that’s barely profitable and loses money in most quarters. Its most recent earnings presentation laid out a plan to buy another $42 billion in Bitcoin. https://www.microstrategy.com/press/microstrategy-announces-third-quarter-2024-financial-results-and-announces-42-billion-capital-plan_10-30-2024?embedable=true Doesn’t that sound absurd? It makes hardly any money. Where will it find enough to buy $42 billion worth of Bitcoin? It won’t. It doesn’t need to. It’s not spending its own money. It’s spending its investors’ money. An asset with no intrinsic value More precisely, it plans to sell $21 billion in stock and raise $21 billion through debt offerings. This is the same approach it took to get the $7 billion in Bitcoin it already has. Investors, not Microstrategy, paid for that Bitcoin. https://x.com/MarkHelfman/status/1805197499310723581?embedable=true You might say that’s pretty shady. A corporation is dumping stock on speculators and gaming the financial system for cheap credit. Guess what? That’s how the system works. Bonds are crowdsourced loans. Often, it’s easier to get money from Boomers and their financial planners than banks. What about equity? It’s free money for corporations, literally conjured out of thin air and priced at the market’s opinion of the company’s worth. Stocks do only three things: Give corporations a cheap source of funding for business activities and executive compensation.
Give corporate executives an easy way to manipulate the public’s perception of the company’s value with buybacks to artificially raise stock prices and dividends/splits to reward shareholders.
Give shareholders a way to game the tax system. They pay less on capital gains than income and protect their profits in tax-advantaged savings accounts. You buy bonds because your financial advisor says they’re a safe way to beat the returns you get on a savings account. You buy stocks because you think you can sell them to somebody else in the future for more than you paid for them. Flipping the script MicroStrategy is a break-even business at best, but it figured out a secret: People think equity has value, but it doesn’t. MicroStrategy trades that equity for bitcoin. Its, er, strategy, depends on selling equity for Bitcoin and waiting for its price to go up. When Microstrategy puts those Bitcoins into its treasury, they count it as an asset on the balance sheet. When Bitcoin’s price goes up, Microstrategy’s balance sheet grows. The business becomes more valuable. As a result, its stock looks more attractive. Speculators can justify buying its bonds and inflated shares. Can’t lose As long as Bitcoin’s price goes up, MicroStrategy doesn’t need profits, revenue, cash flow, or anything else to boost its share price. It can run its business into the ground. Its assets will make the balance sheet look good. The best part of that plan? People will still buy shares of MSTR stock because of the book value! Is it sustainable? In theory, MicroStrategy never has to sell its Bitcoins. It can borrow against its treasury, sell more shares, or take out more debt. In reality, MicroStrategy will have to sell or trade its Bitcoins at some point. Eventually, people will realize they don’t need to buy MicroStrategy stock to get exposure to Bitcoin. They’ll switch to Coinbase stock or the Bitcoin ETFs to gamble on Bitcoin’s price. Once that happens, Microstrategy will lose a vital source of funding and won’t have enough profits to make up for it. Banks and bond buyers will stop giving it money. It will have to sell some Bitcoins or go out of business. If it goes out of business, creditors or trustees will sell the bitcoin as part of the bankruptcy process. Even if all goes swimmingly, shareholders may force Microstrategy’s CEO, Michael Saylor, to sell some Bitcoins and invest the profits into the business. A man, a plan, a scam, macsanal Panama Yes, the stock market is a massive subsidy for corporations and corporate officers. But it’s a scam that the US government has incentivized people to buy into with retirement funds and private savings. It kicks back income in the form of dividends and buybacks. Those businesses do have a value, even stock prices never reflect that value, only what somebody’s willing to pay for the chance to sell their shares at a higher price in the future. The question is, will Bitcoin’s price go up long enough to justify Michael Saylor’s strategy? And, if it does, what will that say about the “intrinsic value” of the rest of the stock market? Mark Helfman publishes the Crypto is Easy newsletter. He is also the author of three books and a top Bitcoin writer on Medium and Hacker Noon. Learn more about him in his bio and connect with him on Tealfeed. This year, MicroStrategy bought over $700 million in Bitcoin. That’s on top of more than $6 billion acquired in prior years. Not bad for a company that’s barely profitable and loses money in most quarters. Its most recent earnings presentation laid out a plan to buy another $42 billion in Bitcoin. a plan to buy another $42 billion https://www.microstrategy.com/press/microstrategy-announces-third-quarter-2024-financial-results-and-announces-42-billion-capital-plan_10-30-2024?embedable=true https://www.microstrategy.com/press/microstrategy-announces-third-quarter-2024-financial-results-and-announces-42-billion-capital-plan_10-30-2024?embedable=true Doesn’t that sound absurd? It makes hardly any money. Where will it find enough to buy $42 billion worth of Bitcoin? It won’t. It doesn’t need to. It’s not spending its own money. It’s spending its investors’ money. An asset with no intrinsic value An asset with no intrinsic value More precisely, it plans to sell $21 billion in stock and raise $21 billion through debt offerings. This is the same approach it took to get the $7 billion in Bitcoin it already has. Investors, not Microstrategy, paid for that Bitcoin. https://x.com/MarkHelfman/status/1805197499310723581?embedable=true https://x.com/MarkHelfman/status/1805197499310723581?embedable=true You might say that’s pretty shady. A corporation is dumping stock on speculators and gaming the financial system for cheap credit. Guess what? That’s how the system works. Bonds are crowdsourced loans. Often, it’s easier to get money from Boomers and their financial planners than banks. What about equity? It’s free money for corporations, literally conjured out of thin air and priced at the market’s opinion of the company’s worth. Stocks do only three things: Give corporations a cheap source of funding for business activities and executive compensation. Give corporate executives an easy way to manipulate the public’s perception of the company’s value with buybacks to artificially raise stock prices and dividends/splits to reward shareholders. Give shareholders a way to game the tax system. They pay less on capital gains than income and protect their profits in tax-advantaged savings accounts. Give corporations a cheap source of funding for business activities and executive compensation. Give corporate executives an easy way to manipulate the public’s perception of the company’s value with buybacks to artificially raise stock prices and dividends/splits to reward shareholders. Give shareholders a way to game the tax system. They pay less on capital gains than income and protect their profits in tax-advantaged savings accounts. You buy bonds because your financial advisor says they’re a safe way to beat the returns you get on a savings account. You buy stocks because you think you can sell them to somebody else in the future for more than you paid for them. Flipping the script Flipping the script MicroStrategy is a break-even business at best , but it figured out a secret: at best People think equity has value, but it doesn’t. People think equity has value, but it doesn’t. MicroStrategy trades that equity for bitcoin. Its, er, strategy , depends on selling equity for Bitcoin and waiting for its price to go up. strategy When Microstrategy puts those Bitcoins into its treasury, they count it as an asset on the balance sheet. When Bitcoin’s price goes up, Microstrategy’s balance sheet grows. The business becomes more valuable. The business becomes more valuable. As a result, its stock looks more attractive. Speculators can justify buying its bonds and inflated shares. Can’t lose Can’t lose As long as Bitcoin’s price goes up, MicroStrategy doesn’t need profits, revenue, cash flow, or anything else to boost its share price. It can run its business into the ground. Its assets will make the balance sheet look good. The best part of that plan? People will still buy shares of MSTR stock because of the book value! People will still buy shares of MSTR stock because of the book value! Is it sustainable? Is it sustainable? In theory, MicroStrategy never has to sell its Bitcoins. It can borrow against its treasury, sell more shares, or take out more debt. In reality, MicroStrategy will have to sell or trade its Bitcoins at some point. Eventually, people will realize they don’t need to buy MicroStrategy stock to get exposure to Bitcoin. They’ll switch to Coinbase stock or the Bitcoin ETFs to gamble on Bitcoin’s price. Once that happens, Microstrategy will lose a vital source of funding and won’t have enough profits to make up for it. Banks and bond buyers will stop giving it money. It will have to sell some Bitcoins or go out of business. If it goes out of business, creditors or trustees will sell the bitcoin as part of the bankruptcy process. Even if all goes swimmingly, shareholders may force Microstrategy’s CEO, Michael Saylor, to sell some Bitcoins and invest the profits into the business. A man, a plan, a scam, macsanal Panama A man, a plan, a scam, macsanal Panama Yes, the stock market is a massive subsidy for corporations and corporate officers. But it’s a scam that the US government has incentivized people to buy into with retirement funds and private savings. It kicks back income in the form of dividends and buybacks. Those businesses do have a value, even stock prices never reflect that value, only what somebody’s willing to pay for the chance to sell their shares at a higher price in the future. do The question is, will Bitcoin’s price go up long enough to justify Michael Saylor’s strategy? And, if it does, what will that say about the “intrinsic value” of the rest of the stock market? Mark Helfman publishes the Crypto is Easy newsletter. He is also the author of three books and a top Bitcoin writer on Medium and Hacker Noon . Learn more about him in his bio and connect with him on Tealfeed . Crypto is Easy Crypto is Easy Medium Medium Hacker Noon Hacker Noon bio Tealfeed

How MicroStrategy Exposes the Absurdity of the Stock Market

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