Michael and Johnny look at 2020 Q3 earnings for Amazon, Apple, Facebook, and Google. We cover the numbers and debate the market's reaction, and what is next in terms of growth for each of these companies.
In the News of the Week, Ant Group is expected to go public raising a record $34 B, and lockdowns are back in Europe.
Recorded Date: Sunday, November 1, 2020
Time Stamps
- 00:00:18: News of the Week
- 00:07:48: Amazon
- 00:18:56: Apple
- 00:26:54: Facebook and Alphabet
- 00:41:33: Wrap up
Highlights
- Lockdowns are back with a vengeance!
- Michael has embraced work from home until the end of 2021
- We are on the verge of the US Elections
- Ant Group is about to pull off the largest IPO by raising $34 B and valued at over $300 B
- Amazon continues to shatter all records with e-commerce overtaking AWS in terms of revenue growth
- Amazon has 50% more employees this year than last year
- Apple's services business continues to grow as it can't find more people to sell its phones to
- Why did Google's stock go up while the rest fell after announcing earnings?
- How quickly can Facebook become America's WeChat?
- Can Facebook serve as an alternative selling place for brands instead of Amazon?
Links
- Ant Group IPO
- Amazon Press Release
- Business Insider
- Amazon Pandemic Savings
- Apple Press Release
- Apple Earnings
- Apple Earnings 2
- Facebook Press Release
- Facebook earnings
- Earnings Transcript
- Google Earnings
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