Jordan Novet
Jordan Novet
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Microsoft's search revenue decline could spell bad news for Google

Microsoft's search revenue decline could spell bad news for Google

Key PointsMicrosoft is forecasting a continued slowdown in its search ad revenue, which could spell bad news for Google parent-company , which reports its earnings on Thursday. 's latest results across the board, but the company saw a 10% year-over-year drop in search advertising revenue, and reported continued decrease for its guidance for the next quarter, according to its it released Tuesday. For the December quarter, Microsoft CFO Amy Hood said "in search excluding TAC, we expect revenue to decline in the mid to high single digit range" during a call with Microsoft investors Tuesday....

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Jordan Novet
2d ago
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Zoom will start letting people host online events with paid admission

Zoom will start letting people host online events with paid admission

Key PointsVideo-calling software provider on Wednesday announced a way for users to put on live virtual events that people can pay to attend.The OnZoom option makes Zoom more than just a competitor to the likes of and . Zoom is building on the exposure it has enjoyed this year with the onset of the coronavirus and encroaching on the territory of companies that sell tickets to live events, including and .Those companies have only recently made online events a focus, after shelter-in-place orders around the world restricted in-person events. But unlike most of those live-ticketing...

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Jordan Novet
Oct 14
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The PC market is the hottest it's been in a decade, says Canalys

The PC market is the hottest it's been in a decade, says Canalys

Key PointsComputer makers shipped 79.2 million PCs in the third quarter, up 12.7% year over year, showing the fastest growth in a decade, technology research company Canalys on Friday.Despite the swelling popularity of phones and tablets in recent years, people have been leaning harder on personal computers while working or studying from home in the past several months because of the coronavirus pandemic. of Taiwan was the biggest individual beneficiary from the trend in the third quarter, shipping 5.6 million PCs, up 15%, according to the Canalys estimates, which include Chromebooks that...

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Jordan Novet
Oct 9
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San Francisco housing has cooled as some flee the city, but demand is still there

San Francisco housing has cooled as some flee the city, but demand is still there

Keep Me Logged InKey PointsGreg Tribulato is having trouble getting buyers interested in two extensively renovated condominiums he's trying to sell in San Francisco's Mission district.They've been on the market for three months. The one with two bedrooms is going for $1.5 million, and the four-bedroom unit costs $2.3 million. He said he and his father, Gary, are talking with the seller about renting out the homes or lowering their prices."We did everything under the planet that's humanly possible," he said. They staged the homes, they created websites with custom domain names, videos and 3D...

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Jordan Novet
Sep 27
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Trump agrees to deal in which TikTok will partner with Oracle and Walmart

Trump agrees to deal in which TikTok will partner with Oracle and Walmart

Keep Me Logged InKey PointsPresident Donald Trump said Saturday he has approved in principle a deal in which  and will partner with the viral video-sharing app TikTok in the U.S., allowing the popular app to ."I have given the deal my blessing — if they get it done that's great, if they don't that's okay too," Trump told reporters on the White House South Lawn before departing for North Carolina. "I approved the deal in concept."Shortly after Trump's comments, Oracle announced it was chosen as TikTok's secure cloud provider and will become a minority investor with a 12.5% stake. TikTok...

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Jordan Novet
Sep 19
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Pentagon says it will stick with Microsoft for $10 billion JEDI cloud contract

Pentagon says it will stick with Microsoft for $10 billion JEDI cloud contract

Keep Me Logged InKey PointsThe Pentagon said Friday it will stick with for a major cloud contract that has been disputed in court for months.The JEDI, or Joint Enterprise Defense Infrastructure, deal has become one of the most hotly contested contracts for the Department of Defense. The contract is intended to modernize the Pentagon's colossal IT infrastructure and could be valued up to $10 billion for services rendered over as many as 10 years."The Department has completed its comprehensive re-evaluation of the JEDI Cloud proposals and determined that Microsoft's proposal continues to...

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Jordan Novet
Sep 4
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Oracle confirms deal with TikTok-owner ByteDance to become 'trusted technology provider'

Oracle confirms deal with TikTok-owner ByteDance to become 'trusted technology provider'

Keep Me Logged InKey PointsTreasury Secretary Steven Mnuchin on Oracle winning bid for TikTok's U.S. assets on Monday confirmed it has struck a deal with ByteDance, the Chinese owner of popular video-sharing app TikTok, weeks after the Trump administration in the United States.The deal still needs U.S. government approval."Oracle confirms Secretary Mnuchin's statement that it is part of the proposal submitted by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider," .Earlier on CNBC, Mnuchin said the U.S. government plans to...

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Jordan Novet
Sep 14
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Atlassian tells employees they can work from home forever

Atlassian tells employees they can work from home forever

Keep Me Logged InKey PointsSoftware company  isn't getting rid of its offices. It's just telling employees they don't have to return to them.It's a bold choice, even among technology companies that can operate virtually as the coronavirus pandemic rolls on. and have been less drastic. they would be able to keep working from home through the summer of 2021. Besides freeing up current employees, the new approach could help with hiring outside major areas where the company would ordinarily have to pay generously while competing with other major companies."We will seek out amazing, diverse...

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Jordan Novet
Aug 7
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Trump says Microsoft should pay 'key money' to Treasury for facilitating TikTok deal

Trump says Microsoft should pay 'key money' to Treasury for facilitating TikTok deal

Keep Me Logged InKey PointsPresident Donald Trump said Monday that it could be easier if were to buy Chinese-owned TikTok in its entirety, rather than a small part of the social video app, because the name would be split across two companies, and suggested the company should pay the U.S. Treasury as part of the deal."I think buying 30% is complicated, and I suggested that he can go ahead, he can try," Trump told reporters in the Cabinet Room at the White House on Monday. He was referring to his conversation over the weekend with Microsoft CEO Satya Nadella. The comments come a day after...

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Jordan Novet
Aug 3
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Microsoft confirms talks to buy TikTok in U.S., aims to finish deal by Sept. 15

Microsoft confirms talks to buy TikTok in U.S., aims to finish deal by Sept. 15

Keep Me Logged InKey Points on Sunday confirmed that it has held talks with Chinese technology company ByteDance to acquire its trendy social app TikTok in the U.S. Microsoft said it in  that it will keep working with the U.S. government on a deal and that it intends to conclude talks by September 15.If it were to complete the deal, Microsoft could simultaneously resolve a recent controversy in Washington and gain power in consumer technology. The statement comes two days after reported that Microsoft was interested in acquiring the app, which is owned by Chinese company ByteDance. Soon...

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Jordan Novet
Aug 2
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SAP says its Qualtrics unit will go public

SAP says its Qualtrics unit will go public

Keep Me Logged InKey Points said Sunday that it would sell some shares of its Qualtrics survey-software unit on a U.S. public market. The announcement comes less than two years after SAP to buy Qualtrics for $8 billion, days before Qualtrics was set to go public as an independent company.The move represents a change in direction for the German enterprise-software company not long after its leader for the past several years, Bill McDermott, left. Qualtrics was SAP's largest acquisition to date, according to FactSet.Christian Klein, SAP's CEO, said in a statement that the acquisition has been...

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Jordan Novet
Jul 27
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Microsoft-owned Minecraft will stop using Amazon's cloud

Microsoft-owned Minecraft will stop using Amazon's cloud

Keep Me Logged InKey Points will stop relying on to help it run the popular Minecraft video game.The shift represents an obvious way for Microsoft to cut back on payments to one of its toughest competitors and promote its own product. Amazon Web Services rules the market for public cloud infrastructure for running software from afar through vast data centers, and Microsoft has been working to take share with its Azure cloud.Azure is growing faster than many other parts of Microsoft, helping it lean less on longstanding properties like Windows and Office. Moving more of its own software to...

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Jordan Novet
Jul 20
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Google takes on Zoom and Slack by bundling video calls and chat into Gmail for business users

Google takes on Zoom and Slack by bundling video calls and chat into Gmail for business users

Keep Me Logged InKey Points is making its popular Gmail app more of a productivity powerhouse.The Alphabet subsidiary is incorporating more applications into the business version of Gmail so that users don't need to switch to other apps or browser tabs, It could help keep employees satisfied with the company's business software and not want to adopt alternative services, such as or . That's an important consideration for building up the cloud business that augments Google and Alphabet's advertising core. The coronavirus in the first quarter, but as schools and offices closed, people began...

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Jordan Novet
Jul 15
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Zoom reverses course, will give end-to-end encryption option to all users

Zoom reverses course, will give end-to-end encryption option to all users

Keep Me Logged InKey PointsVideo-calling software company said Wednesday it has figured out how to offer stronger encryption for all of its users, rather than only for certain paying users.The move shows the company continuing to address criticism, which has stepped up in lockstep with the company's sudden popularity as the coronavirus pandemic forced millions to stay home. The change could keep some users from switching to videoconferencing services from competitors like , , and .End-to-end encryption is technology that prevents anybody except the sender and recipient of a call from being...

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Jordan Novet
Jun 17
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Zoom will no longer allow Chinese government requests to impact users outside mainland China

Zoom will no longer allow Chinese government requests to impact users outside mainland China

Keep Me Logged InKey PointsVideo-calling service said Thursday it will not comply with requests from the Chinese government to suspend hosts or block people from meetings if those people are not located in mainland China.It's Zoom's latest reaction to pressure amid a surge of popularity this year as the coronavirus sent people home from school and work. First, Zoom faced concerns about security and privacy as issues like  became apparent, and the company took steps to address them. Earlier this month, U.S.-based civil-rights group Humanitarian China, founded by protest participant Zhou...

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Jordan Novet
Jun 12
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Amazon licenses Slack for all employees, while Slack adopts AWS video-calling tech

Amazon licenses Slack for all employees, while Slack adopts AWS video-calling tech

Keep Me Logged InKey Points and are deepening their partnership. Under a new deal announced Thursday, all Amazon employees will have access to Slack's workplace collaboration tools. In addition, Slack will deepen its reliance on AWS, revamping its video-calling feature to take advantage of an AWS service called Chime.The alliance helps both companies battle , whose Teams communications service has alongside Slack in recent months as companies and schools have reached for software that can enable people to meet remotely during the coronavirus pandemic. Slack's growth has remained steady...

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Jordan Novet
Jun 4
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Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year

Zoom revenue grew 169% during the quarter, and the company doubled its revenue guidance for the year

Keep Me Logged InKey PointsAnalysts on Zoom's earnings beat reported revenue growth of 169% from the previous year in its on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name.Shares fell 4% in after-hours trading during the company's earnings call, however, as it revealed higher-than-expected cloud computing costs to deal with the surge in demand.Here's how the company did:Analysts surveyed by Refinitiv had expected 9 cents in adjusted earnings per...

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Jordan Novet
Jun 2
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Google will reimburse up to $1,000 for employees to buy work-from-home gear

Google will reimburse up to $1,000 for employees to buy work-from-home gear

Keep Me Logged InKey PointsGoogle will reimburse employees up to $1,000 to pay for equipment to help them work from home, CEO Sundar Pichai on Tuesday. He also detailed how the company will slowly reopen its offices, starting by rotating employees through offices at 10% capacity on July 6, and working up to around 30% capacity in September. This echoes statements Pichai made in May.The move shows how one of the world's most highly valued companies is attempting to bring back normal operations following the onset of coronavirus, which has to date and . Google was one of the first companies...

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Jordan Novet
May 26
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Nancy Pelosi called Zoom 'a Chinese entity,' but it's an American company with an American CEO

Nancy Pelosi called Zoom 'a Chinese entity,' but it's an American company with an American CEO

Keep Me Logged InKey PointsHouse Speaker Nancy Pelosi of California called "a Chinese entity" in a television interview, despite the company's roots in Silicon Valley.The remark lines up with some public criticism of Zoom after millions flocked to it to hold meetings virtually while staying home to avoid spreading the Covid-19 coronavirus. The has sent company's stock higher while broader indices fell. But in recent weeks, Zoom has also dealt with security and privacy issues, including "Zoombombing," where intruders take over meetings and post offensive images, and the possible routing of...

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Jordan Novet
Apr 15
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Elon Musk's latest project shows first step toward mind-reading brain implant

Elon Musk's latest project shows first step toward mind-reading brain implant

Elon Musk’s ambitious brain-computer start-up Neuralink is looking to start trials on humans next year. Musk talked about the project at an event in San Francisco that was streamed live — with an eye toward recruiting more talent — late on Tuesday. Neuralink aligns with a broader trend of technology minds seeking to merge their approaches with the world of healthcare. Facebook has previously devoted resources to exploring computer systems that people could communicate with simply by thinking. The start-up envisions drilling holes into the brain with a custom machine to embed thin threads...

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Jordan Novet
Jul 17
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