Michael and Johnny look at 2020 Q2 earnings for Amazon, Apple, Facebook, Google and Microsoft and ponder how Big Tech stock continues to rise while the rest of the country goes down.
In the News of the Week, we follow up on the ongoing Tiktok drama and discuss this week's Big Tech Congressional hearings.
Recorded Date: Sunday, August 2, 2020
Time Stamps
- 00:00:21: Uptake on Tiktok ban
- 00:06:24: Congressional Hearings
- 00:13:25: The Gang of Four
- 00:36:29: Future Predictions
Highlights
- Will Microsoft acquire a part of Tiktok?
- Is this the price of success for a foreign tech company operating in the US?
- Microsoft is like that guy who saw all his friends get invited to the party with the cool kids and he wasn't invited
- Does Microsoft matter any more?
- The trend continues of tech going up while the country goes down
- People are buying more computers, iPads in addition to using more online services
- Amazon's Earnings Per Share was $10.30 vs $1.50 10Xing it!
- Is Google over-diversified compared to its peers? During this storm, their less diversified peers seem to be doing better
- Microsoft's business units are quite creative!
- These companies that are doing great continue to be uncertain regarding the upcoming quarters and issuing guidance
- The market just doesn't represent reality
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