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Farhad and Mike’s Week in Tech: The Unstoppable Facebook

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nytimes articleThe following is an excerpt from FARHAD MANJOO and MIKE ISAAC | April 30, 2016 | Nytimes.com |

Each Saturday, Farhad Manjoo and Mike Isaac, technology reporters at The New York Times, review the week’s news, offering analysis and maybe a joke or two about the most important developments in the tech industry.

Farhad: Hello, Mike! I’ve got to tell you, I’m getting really tired of saying that. We’ve already chatted on Facebook Live this week. We keep up a regular banter on Slack and Twitter. And then there’s this newsletter, week in and week out. You’re a nice guy, but … don’t you think we’re just too involved?

Mike: Is this you trying to break up with me? Don’t ever leave me, Farhad. I’m too fragile.

Farhad: Er, let’s just talk about tech news. It was another big week for corporate earnings. Let’s summarize: Apple made $10.5 billion in three months, which would be a record for just about any other company on the planet, but for Apple it was an embarrassing comedown from its year-ago peak. Now people are wondering whether Apple’s best days are in its past. Hey, whose aren’t, am I right?

Mike: My mom says my best days are ahead of me. But she also said I was the coolest kid in school which, uh, turned out to be a slight exaggeration.

Farhad: Twitter also disappointed investors: The company added some new users, but it fell short of revenue projections, sending people on Twitter into a panic. Amazon, meanwhile, crushed it. The company’s sales grew 28 percent, and it posted a profit of $513 million, a record for Amazon. For those keeping score at home: That’s about what Apple makes every four days. Amazon’s stock went predictably nuts.

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