Tech Giants’ Record Quarter Gives Way to Growth Skepticism
Mark Bergen and Ian King, Bloomberg
Three of the world’s largest companies — Apple Inc., Microsoft Corp. and Alphabet Inc. — reported about $57 billion in combined profit in a record-busting quarter, riding a resurgence in consumer and business spending. Yet markets responded coolly. In part, investors were skeptical that these companies can continue to post double-digit growth for quarters to come.
Google and Apple warn delta variant could prove disruptive
Reed Albergotti et al., The Washington Post
In many ways, the pandemic has been a boon to large technology companies, as consumers stuck at home have accelerated demand for digital services and consumer electronics to help them stay connected, employed and entertained amid lockdowns. But the pandemic also battered the advertising industry, strained supply chains, spurred a global semiconductor shortage and created shipping disruptions.
Biden to Propose Buy American Rule for Government Procurements
Alex Leary, The Wall Street Journal
Officials said the new rule would also give priority to purchase supply-chain goods that have become scarce during the Covid-19 pandemic, such as semiconductors and medical equipment.
Work-From-Anywhere Perks Give Silicon Valley a New Edge in Talent War
Katherine Bindley, The Wall Street Journal
Startups in smaller markets feel pinch as coastal tech giants poach their employees; ‘a national competition’ for every hire.
Exclusive: Amazon’s companywide deal to use Workday’s HR software ended after about 3 years. Workday shares slump.
Eugene Kim, Insider
Amazon halted a plan to roll out Workday’s human-resources software across the e-commerce company last year, roughly three years after announcing the partnership, according to people familiar with the matter. Workday shares slumped more than 7% on Tuesday, after Insider’s report.
Senate’s semiconductor aid may be opening bid in global race
Gopal Ratnam, Roll Call
Chipmakers go where the customers are, putting the United States at a disadvantage against Asian countries.
Now hiring: The FTC seeks ad tech and social media experts as it shifts its approach to investigating data abuses
Kate Kaye, Digiday
The Federal Trade Commission aims to toughen its approach to stopping data-related harms —and it wants help from people who understand ad tech.
Why Mark Zuckerberg is going meta
Scott Rosenberg, Axios
Facebook’s “next chapter,” Mark Zuckerberg says, is to be prime builder of “the metaverse” — an open, broadly distributed, 3D dimension online where, he says, we will all conduct much of our work and personal lives.
Groceries in 10 Minutes: Delivery Start-Ups Crowd City Streets Across Globe
Eshe Nelson, The New York Times
Zipping around central London, among the bikes and scooters of Uber Eats, Just Eat and Deliveroo, is a new entrant promising almost instantaneous satisfaction for your craving for a bar of chocolate or pint of ice cream: Getir, a Turkish company that says it will deliver your groceries in 10 minutes.
