Earnings, Google Maps and the weekly roundup in tech and retail

News and commentaries

This week, earnings calls for the first quarter of 2015 dominated the news in tech and retail. Too bad that I barely had time to really read the reports but I posted the most important ones here for future reference. Just a short note this week as we are T minus 6 days to a move. Can’t leave without sharing this, though:

wpid-screenshot_2015-04-24-08-16-37.png

The image above is located south of the Pakistani town of Rawalpindi.  Contrary to some reports, this is not one of Google’s Easter eggs but most likely the result of a user abusing Map Maker. It was seen here but as of this writing, the image has been removed and Google has apologized. I took the screenshot above early this morning. For posterity, of course.

Here are this week’s most relevant news in tech and retail:

In tech:

    1. Google Q1 revenue rose to 12% at $17.3B but misses expectations for the sixth time in the last nine quarters; announces Project Fi in partnership with Sprint and T-Mobile in the US, wireless plans starts at $20/month
    2. Amazon Q1 revenue beats expectations and reveals for the first time how big its cloud business is, at $4.6B revenue accounting for 7% of Q1 revenue of $22.7B
    3. Facebook Q1 revenue rose by 42% to $3.54B but misses estimates, video views per day at 4 billion views
    4. Comcast drops $45.2B merger agreement with Time Warner Cable amidst heavy opposition from consumers and likely veto from federal regulators
    5. Yahoo‘s Q1 revenue drops 4% from last year; might spin off Japan operations

In retail:

  1. Amazon, Audi and DHL to test package delivery to cars in May in Munich
  2. Kering reports drop in Q1 like-for-like sales (Financial Times paywall) as Gucci undergoes transition
  3. eBay Q1 earnings beat expectations, buoyed by PayPal unit
  4. Secondhand fashion marketplace Poshmark raises $25M, on track to $200M in revenues this year
  5. Lilly Pulitzer for Target sells out within hours and crashes website
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