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$MSFT, $GOOG, $SPOT earnings breakdowns + Coco CEO Zach Rash | E1596
This Week in Startups
PC Sales Are Down 15% Year Over Year
PC sales are down massively not because people are not using PCs but because a lot of companies said okay, we'll buy you a computer for home. Microsoft did warn According to the financial times that revenue growth from Azure was gonna slow by five points in the next quarter. Why is that why would cloud computing go down? Well it might be there's less startups being started or Companies are tightening their belt and they're looking at their cloud spend. I saw this happen during the dot-com bust and in 2008 when the market gets challenged and you see your income going down You see less revenue. It's not a Microsoft issue as much as a COVID boom bust cycle operating income 21 billion for
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