Hints and tips:
...“They need to figure out how to cannibalise their own cash cow and face Wall Street, message it in the right way, and handle short-term fluctuations in the stock,” says Arvind Srinivas, a former Google intern...
...It’s an apt message given it will take many more good years for Tiger to be a winning team again, and claw back to its high-water mark....
...Judging by the record share prices enjoyed by some of these companies in recent months, Wall Street doesn’t believe it either....
...richard.waters@ft.com Letter in response to this article: Driverless cars in search of Edison lightbulb moment / From Michael Ayres, San Francisco, CA, US...
...California’s decision in August to give fully driverless taxis free run of San Francisco’s streets came despite widespread opposition from city officials and public interest groups....
...Wall Street analysts put the company’s payments to Apple alone at $16bn-$20bn a year, making its search service the first thing users see on the iPhone maker’s Safari browser....
...Wall Street had been expecting earnings of $2.65 a share on revenue of $54.5bn....
...Cars from both companies without safety drivers behind the wheel are already visible on the city’s streets, but until now they have been limited in where and when they can operate and whether they can carry...
...But if Wall Street is right, it won’t put a dent in the companies’ most profitable operations. richard.waters@ft.com...
...Yet with Big Tech riding high on Wall Street this year, a government victory could bring a sharp setback....
...Wall Street had been expecting revenue of $55.4bn and earnings of $2.55 a share....
...The AI derby Tech companies are in a desperate race to come up with the next “iPhone moment” and deliver artificial intelligence to the masses, the FT’s Richard Waters writes....
...Before the figures were released, Alphabet’s shares rose 17 per cent since the start of the year as Big Tech came back into favour on Wall Street....
...The Wall Street Journal reports. Sink or swim Thames Water is treading for its life. FT Alphaville dives into its murky finances....
...Behind closed doors, executives were pushing a different narrative, the Wall Street Journal reports. Great expectations Some saw Arm’s listing as a positive sign for a laggard IPO market....
...richard.waters@ft.com Letter in response to this article: Remember context is a friend to understanding / From Nick Bradbury, Reading, Berkshire, UK...
...Wall Street had been expecting earnings of $1.18 a share. The latest figures are likely to intensify Wall Street’s focus on Alphabet’s costs....
...Shares of Google parent Alphabet closed almost 8 per cent lower on Wednesday, wiping billions of dollars off its market value, as Wall Street digested the potential damage to its search dominance and profits...
...In the movie Wall Street, the corporate raider Gordon Gekko says: “Come on, tell me something I don’t know. It’s my birthday, pal, surprise me.”...
...But the result surprised Wall Street and pointed to an unexpected slowdown in the hot cloud market, which most experts believe is still in its infancy....
...Depending on where the court comes down, it could turn the internet into either “a sanitised, anodyne, Sesame Street experience” or an uncontrolled mass of unwelcome content, said Matt Schruers, president...
...Wise’s service compares well with high street banks charging 4 per cent or more. They still dominate the business, leaving room for growth....
...One way to view this is as a mismatch between the tech industry’s big investment cycles and Wall Street’s hunger for near-term results....
...richard.waters@ft.com...
...Google and its parent, Alphabet, have long been notorious on Wall Street for pouring surplus cash from the search engine into ambitious “moonshots” and other projects with little bearing on the core business...
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