TikTok Could Still Be Shut Down in the US (Update)
Trump administration fickleness may be the reason TikTok is not sold. That means a positive outcome for the video-sharing network in the United States is still in question.
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TikTok CEO Kevin Mayer Walks Out on His Co-Workers
According to several media reports, Kevin Mayer, who had been head of TikTok for three months, has walked out on his co-workers.
US Movie 2020 Ticket Sales Only 15% of Previous Years
The pandemic may not have killed the traditional movie industry, but it has wounded it beyond repair.
Will the NFL Have 17 Million Empty Seats?
Over 17 million people may not be able to attend NFL games this season. The stadiums will be quiet. People will have to watch on TV.
AMC Offers 15-Cent Tickets, but You Might Get Sick
AMC Entertainment will offer admission to some of its theaters for 15 cents. The challenge the company faces is that there is a chance people will get sick with COVID-19 there.
Newspapers Without Newsrooms
At more and more papers, the newsroom is gone entirely. That may further undermine the future of newspapers, even if it saves what has become very precious money.
Another 48,000 Americans Will Work From Home, Which May Not Be Good
Facebook has announced that almost all of its 48,000 employees will work from home until July 2021. However, they may not want to.
Why Nintendo Profits Soared Fivefold in Q2
Japan-based Nintendo blew past revenue and profit estimates in its first fiscal quarter of 2021. Profit increased by more than five times and revenue more than doubled year over year.
Why Roku’s Q2 Report Is So Great
Streaming video firm Roku reported a second-quarter net loss of $0.35 per share and $356 million in revenue compared to consensus estimates calling for a net loss of $0.50 per share and $315 million…
Why Is Netflix’s Market Value Higher Than Disney’s?
COVID-19 has hit Disney so hard that its market cap has dropped to less than $215 billion. Netflix now has a market cap near $225 billion.
How Analysts Got Disney Earnings So Wrong
Disney posted a surprise $0.08 in earnings per share (EPS) and $11.78 billion in revenue in the second quarter. Analysts were expecting a net loss of $0.64 per share and $12.39 billion in revenue.
Take-Two’s Earnings Aren’t Even the Most Exciting Part of Its Report
Take-Two Interactive Software shares saw a bump early Tuesday after it reported mixed fiscal first-quarter financial results late on Monday.
With Raiders Barring Fans, the Most Valuable NFL Ticket Market Is Shut Down for 2020
By TicketIQ With the Las Vegas Raiders announcing that they will be playing their 2020 home games at Allegiant Stadium without fans, we thought it would be interesting to see the estimated ticket market…
Facebook Q2 Not Phased By COVID-19 or Advertising Boycott
Social media giant Facebook on Thursday reported $1.80 in earnings per share on $18.69 billion in revenue compared to analysts' consensus estimate calling for $1.39 in EPS and $17.4 billion in revenue.
User Growth Isn’t Enough to Lift Spotify
Spotify Technology reported disappointing second-quarter financial results before the markets opened on Wednesday, despite solid user growth in the period.