Wed Oct 25 2023

Google Q3 Earnings:

• Revenue increased 11% year over year to $76.7 billion.
• Net income rose 41% year over year to $19.7 billion.
• YouTube ad revenue reached $8 billion, up 12.5% year over year.
• The number of employees decreased by about 4-5%.

Microsoft Q1 Earnings:

• Revenue grew 13% year over year to $56.5 billion.
• Net income increased 27% year over year to $22.3 billion.
• Azure, Microsoft's cloud business, saw a growth rate of nearly 30% compared to the previous year.

Snap Q3 Earnings:

• Revenue was $1.2 billion, up 5% from the previous year.
• Daily active users reached 406 million, up 12% from last year.
• Snap announced it surpassed 5 million paying subscribers for its Snapchat Plus subscription service.
• The company reported a net loss of $368 million.

Greycroft Layoffs and Restructuring:

• Greycroft laid off five people on its investment team, including two partners and three principals.
• This was part of a restructuring effort that involved scaling back investments in health tech and FinTech sectors while focusing more on AI investments.

Frameworks for investing in consumer internet companies:

• Key factors to consider include market size, product-market fit, competitive landscape, team expertise, growth metrics, and monetization strategies.
• Understanding user behavior, engagement metrics, and retention rates is crucial for evaluating long-term success.