View source for Microsoft Market Cap Hits $1 Trillion

[[Category:Daily Tech Headlines Episodes|.821]]
{{Infobox Episode|
  title  = Microsoft Market Cap Hits $1 Trillion |
  number = 821 |
  date   = APRIL 25, 2019|
  length = 5:22 |
  hosts  = [https://about.me/Stroffolino Rich Stroffolino]}}
Microsoft’s market cap exceeds $1 trillion, Nintendo has no plans for a new Switch at E3, and Verizon announces more 5G rollout markets.

==Headlines==
*[http://www.cnbc.com/2019/04/24/venmo-has-40-million-users-paypal-reveals-for-first-time.html Venmo has 40 million users, PayPal reveals for first time]
::PayPal earned and adjusted $0.78 per share in Q1 on revenue of $4.13 billion. This beat analyst estimates of $0.68 per share and matched revenue figures. The company disclosed that Venmo now has 40 million users, the first time reporting on the platform. Venmo payment volume increased 73% on the year to $21 billion in the quarter, and is on pace to exceed $100 billion for the year.
*[http://techcrunch.com/2019/04/24/facebook-earnings-q1-2019/ Facebook reserves $3B for FTC fine, but keeps growing with 2.38B users in Q1]
::Facebook reported Q1 earnings of $0.85 per share on revenue of $15.08 billion, an increase of 26% on the year. This beat analysts expectations of $14.98 billion in revenue, but missed on earnings per share estimates of $1.63. Part of this miss was Facebook setting aside $3 billion for a possible FTC fine currently under negotiation. Facebook's daily active users increased 2.63% from Q4 to 1.56 billion people. Across all social networks, the company now has 2.1 billion daily active users using at least one, up 5% from last quarter. Instagram Stories, Facebook Stories, and WhatsApp Status now each have 500 million daily active users. Overall revenue per user increased 16% to $6.42.
*[http://venturebeat.com/2019/04/24/microsoft-earnings-q3-2019/ Microsoft reports $30.6 billion in Q3 2019 revenue: Azure up 73%, Surface up 21%, and LinkedIn up 27%]
::Microsoft reported Q3 earnings per share of $1.14 on revenue of $30.6 billion, beating analysts estimate of $29.8 billion in revenue on earnings of $1 per share. Productivity and Business revenue increased 14% on the year to $10.2 billion, with LinkedIn seeing revenue increase 27% and Office365 subscribers reaching 34.2 million consumers and 180 million business users. The Intelligent Cloud unit saw revenue increase 22% to $9.7 billion, with Azure revenue increasing 73% on the year. Personal computing revenue, which includes Xbox, Windows, and Search, increased 8% to $10.7 billion. Following the earnings report, Microsoft's market exceeded $1 trillion, the third company to do so after Apple and Amazon.
*[http://www.bloomberg.com/news/articles/2019-04-25/nintendo-misses-estimates-again-but-promises-growth-for-switch Nintendo's Guidance Seen as a `Mockery,' Sending Shares Lower]
::Nintendo issued earnings guidance for Q1, stating operating profit was 29.7 billion yen, below analyst estimates of 36 billion yen. The company expects to ship 18 million Switch consoles in 2019, below analyst expectations of 18.5 million. Nintendo also announced that they have no plans to announce a new Switch console at E3 this year. Smartphone game revenue in the quarter increased 24% on the year. Nintendo also confirmed that [https://www.engadget.com/2019/04/25/nintendo-mario-kart-tour-closed-beta/ a closed beta test of Mario Kart Tour will be available to Android users in the US and Japan from from May 22 to June 4, ahead of a full release by the end of summer 2019. Users can apply for the beta test on the Mario Kart Tour website.]
*[https://9to5google.com/2019/04/24/google-fit-ios-available/ Google Fit now available on iOS with Apple Health sync]
::The Google Fit health tracking app is coming to iOS with full integration with Apple Health. Last August Google focused the Fit app on "smart activity goals" created with the American Heart Association. Move Minutes track all kinds of physical activity, Heart Points are awarded for things like brisk walks and workouts that are at least 100 steps a minute. And it also tracks steps, calories burned and distance walked. Google Fit adjust goals based on your progress. On iOS it can now pull data from the phone and Apple Watch, as well as from Wear OS devices.
*[https://www.theverge.com/2019/4/25/18515605/verizon-5g-cities-galaxy-s10-5g-preorders Verizon names 20 more 5G cities, starts preorders for $1,300 Galaxy S10 5G]
::Verizon opened preorders for the Samsung Galaxy S10 5G today and named 20 additional cities that will receive millimeter wave 5G Ultra Wideband service before the end of 2019: Atlanta, Boston, Charlotte, Cincinnati, Cleveland, Columbus, Dallas, Des Moines, Denver, Detroit, Houston, Indianapolis, Kansas City, Little Rock, Memphis, Phoenix, Providence, San Diego, Salt Lake City, and Washington DC. Verizon had previously committed to deploy in more than 30 cities in 2019, and stated additional 5G activations will be announced later this year. The Samsung Galaxy S10 5G starts at $1,299.99 and will be available in stores May 16th.
*[http://www.engadget.com/2019/04/24/amazon-patent-infringement-program/ Amazon tries bringing in lawyers for sellers claiming patent infringement]
::The Information reports that Amazon has been testing the "Utility Patent Neutral Evaluation" pilot program to fight patent infringement since last fall. The program matches a seller claiming infringement and the accused party via a third party lawyer. This requires a $4000 deposit to make a claim in the program. If the accused party doesn't respond to the infringement claim, and product is removed by Amazon and the deposit returned. To respond, the accused party must also put down a $4000 deposit. The third party attorney makes a decision in the case, and collects the deposit from the losing party. Amazon stated it does take any fees from the deposits or payments.
*[http://www.eff.org/deeplinks/2019/04/massachusetts-court-blocks-warrantless-access-real-time-cell-phone-location-data Massachusetts Court Blocks Warrantless Access to Real-Time Cell Phone Location Data]
::The Massachusetts Supreme Judicial Court ruled in the Commonwealth of Massachusetts v. Almonor that warrantless police access to real-time cell phone location data intrudes on a person's reasonable expectation of privacy. This applied to both tracking by a mobile carrier or the use of a cell site simulator. The Justices stated that cellphones serve as a proxy for an individuals location and that societies expectation is that "law enforcement could not secretly and instantly identify a person's real-time physical location at will.” The ruling was based on Article 14 of the Massachusetts Declaration of Rights, which the court notes "may, afford more substantive protection to individuals" than the US Constitution.
*[http://www.axios.com/uber-sets-ipo-terms-could-be-valued-at-billion84-78bd1b63-d1d5-4a90-aec1-7fc13c15152f.html Uber sets IPO terms, could be valued at $84 billion]
::Uber disclosed that it will offer 180 million shares to investors in its IPO, priced between $44 and $50 per share. This would raise up to $9 billion, and value the company between $80.5 billion and $91.5 billion. 5.4 million shares in the IPO are being reserved for purchase by eligible drivers.
*[https://www.bbc.com/news/technology-48051646 US Uber drivers plan 12-hour shutdown over pay and conditions]
::Uber drivers in seven US cities are planning a 12-hour work stoppage for May 8, the day of Uber's stock market IPO. Drivers will be trying to raise awareness for better wages, clearer policies, and better employee benefits and representation of workers. Figures suggest that Uber and Lyft drivers are paid on average $8.55 an hour in the US. The work stoppage will happen in San Francisco, Chicago, Los Angeles, San Diego, Minneapolis, Philadelphia and Washington DC.

==Links==
*[http://www.dailytechnewsshow.com/microsoft-market-cap-hits-1-trillion-dth/ This episode on dailytechnewsshow.com]
*[http://www.patreon.com/dtns Support DTNS on Patreon]
*[http://dailytechnewsshow.reddit.com/ DTNS subreddit]


{{Succession box|
preceded   = Galaxy Fold Called "Alarmingly Fragile" |
followed   =  Amazon In Talks On High-Fidelity Music Service}}