EdTech Insight – Snap shares soar 23% as company beats on earnings, shows strong revenue growth

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points Snap Inc. has outperformed analyst expectations for its first-quarter results, showing robust revenue growth and an uptick in global daily active users (DAUs). The company’s revenue growth is attributed to improvements in...

EdTech Insight – Alphabet issues first-ever dividend, $70 billion buyback

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points In a landmark move for the technology sector, Alphabet, the parent company of Google, announced its first ever dividend payment and authorized a substantial $70 billion stock repurchase. This financial strategy follows...

EdTech Insight – This startup helps plants talk to farmers, reducing pesticides and agricultural waste

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points Recent innovations in agricultural technology, spearheaded by companies like InnerPlant, are poised to revolutionize the industry with genetically modified crops that use fluorescents to communicate distress signals to farmers. These...

EdTech Insight – Meta tumbles 15% on weak revenue forecast and Zuckerberg’s comments on spending

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points The focal point of recent education technology news is rooted in the financial and strategic developments at Meta, particularly its prioritization of artificial intelligence and mixed reality, despite the immediate fiscal challenges...

EdTech Insight – Meta loses $200 billion in value as Zuckerberg focuses earnings call on all the ways company bleeds cash

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points Mark Zuckerberg emphasized artificial intelligence’s central role in Meta’s strategic vision during an earnings call despite the company’s financial losses. Meta’s focus on advancing AI and its mixed reality...

EdTech Insight – Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand

by EdTechMate | Apr 25, 2024 | CNBC, News & Insights

Executive Summary and Main Points South Korean memory chipmaker SK Hynix has delivered a strong financial recovery in Q1 2024, with net income reverting from last year’s loss to a notable profit. A 144% surge in revenue has been largely driven by increased sales...