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☆ Wall Street expecting a 4-5% revenue decline from Apple, says Third Bridge's Scott Kessler
▼ + stars: | 2024-05-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street expecting a 4-5% revenue decline from Apple, says Third Bridge's Scott KesslerScott Kessler, Third Bridge global sector lead for tech, media & telecom, joins 'Closing Bell Overtime' to talk what he expects from Apple earnings tomorrow, and more.

Persons: Bridge's Scott Kessler Scott Kessler Organizations: Apple

☆ Companies Are Luring Investors by Exaggerating What Their AI Can Do
▼ + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

The Securities and Exchange Commission's chair, Gary Gensler, recently warned about "AI washing," or companies giving off a false impression that they're using AI so they can amp up investors. And while some companies are simply exaggerating the tech they do legitimately use, others have taken it a step further. Most companies aren't being accused of breaking the law with their AI chatter, but they're definitely posturing around it. An analysis from Goldman Sachs found that 36% of S&P 500 companies mentioned AI in their fourth-quarter earnings calls, a record high. Even the Big Tech companies that are really moving and shaking in AI are on shifty ground at times.

Persons: Gary Gensler, Delphia, Goldman Sachs, Scott Kessler, Elon Musk, Adolf Hitler, it's, ChatGPT, Daron Acemoglu, Sam Altman, Ed Zitron, he's, It's, overselling, Angelo Zino, Microsoft's, Zino, Acemoglu, Emily Stewart Organizations: Securities, Exchange, SEC, Woodstock, Third, MIT, Prosperity, Nvidia, AMD, Broadcom, CFRA Research, Big Tech, Tech, Microsoft, Business Locations: San Jose , California

☆ The Age of AI BS: Companies Are Exaggerating What Their Tech Can Do
▼ + stars: | 2024-03-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

☆ Tech Layoffs Scare Employees but Make Wall Street Investors Happy
▼ + stars: | 2024-02-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

It may seem counterintuitive for Wall Street to reward companies for letting people go. After all, layoffs are usually thought to be a sign that the business isn’t doing so hot. And while a lot of the layoff talk is concentrated in tech, investors were also quite pleased about job cuts at Estée Lauder . Many companies took an aggressive approach to hiring during the pandemic, particularly tech companies whose engagement boomed while everyone was stuck at home. The tech companies developing AI products are the best positioned to try them out.

Persons: Estée Lauder, ”, Scott Kessler, Goldman Sachs, Sameer Samana, moonshot, Ted Mortonson, Baird, Kessler, ” Mortonson, hasn’t, Emily Stewart Organizations: Bloomberg, Third, Companies, Wells, Investment Institute, Business Locations: Samana

☆ 'It's hard to find any yellow flags' in Meta's earnings release, says Roth MKM's Rohit Kulkarni
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It's hard to find any yellow flags' in Meta's earnings release, says Roth MKM's Rohit KulkarniScott Kessler, Third Bridge Technology, and Rohit Kulkarni, Roth MKM senior research analyst, join 'Closing Bell Overtime' to talk Meta and Amazon earnings.

Persons: Roth, Rohit Kulkarni Scott Kessler, Rohit Kulkarni Organizations: Bridge Technology, Meta

☆ ServiceNow sees strong Q4 subscription revenue growth
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailServiceNow sees strong Q4 subscription revenue growthScott Kessler, Third Bridge, joins 'Closing Bell Overtime' to talk ServiceNow quarterly results.

Persons: ServiceNow, Scott Kessler

☆ TikTok is pushing longer videos. Some creators worry about the vibe shift
▼ + stars: | 2023-12-16 | by ( Clare Duffy | ) edition.cnn.com time to read: +9 min

But now, the short-form video pioneer is changing course and pushing users to make and consume longer videos. “I think TikTok is now [thinking], ‘We need to show [advertisers] that we can keep people staying on one video longer,’” Stein said. Consumers are also more likely to sit through a pre-roll ad for a video longer than one-minute than a video that’s nearly the same length as the ad itself. The company also says it recommends longer videos the same way it does shorter ones, based on user preferences rather than video length. She said that even when making relatively simple “storytime” videos, where she’s just sitting and talking to the camera, making videos longer than 1-minute means investing significant time and effort.

Persons: TikTok, — it’s, ”, Nikki Apostolou, ” TikTok, Zachary Kizer, Krysten Stein, “, ” Stein, Scott Kessler, ’ ” Kessler, TikTok —, Aly Tabizon, “ I’m, I’ve, ” Tabizon, it’s, Tabizon, Aly Tabizon TikTok, Laura Riegle, Riegle, she’s, ” Riegle, ” Apostolou Organizations: New, New York CNN, Facebook, YouTube, University of Illinois, CNN Locations: New York, University of Illinois Chicago, United States, United Kingdom, France, Germany

☆ Snapchat isn’t just for teens anymore. Now it needs to make some real money
▼ + stars: | 2023-10-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

New York CNN —When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. At 5 million subscribers paying $3.99 per month, Snapchat+ is set to earn around $239 million in annual revenue. That subscriber number is just a fraction of its overall user base of Snapchat, which has quietly become one of the world’s fastest-growing social platforms. The sales declines come as Snapchat, like other platforms, works to update its advertising business to cope with changes to Apple’s app tracking policies. Snapchat has grown its user base by more than 10% year-over-year for the past 16 consecutive quarters.

Persons: Snapchat, Evan Spiegel, it’s, ” Jack Brody, ”, Angelo Zino, Jess Maddox, TikTok Snapchat, ” Brody, you’ve, TikTok, CFRA’s Zino, Scott Kessler, ” Snapchat, Kessler, Brody, Spiegel, “ It’s Organizations: New, New York CNN, Twitter, Facebook, CNN, “, CFRA Research, University of Alabama, YouTube, Intelligence, Meta, Apple Locations: New York, North America, United States, India, Europe, TikTok, Instagram

☆ I don't know how much confidence people have in the Chinese consumer moving forward: Scott Kessler
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't know how much confidence people have in the Chinese consumer moving forward: Scott KesslerAngelo Zino, CFRA analyst, and Scott Kessler, Third Bridge TMT lead, join 'Closing Bell Overtime' to talk Apple earnings, the Chinese market, Qualcomm and more.

Persons: Scott Kessler Angelo Zino, Scott Kessler Organizations: Qualcomm

July 25 (Reuters) - Artificial intelligence is expected to pay off big for tech giants including Microsoft (MSFT.O) and Alphabet (GOOGL.O) someday. Microsoft is bearing AI costs in two ways, analysts said: to power its own products such as its forthcoming $30-a-month Copilot AI assistant, and to serve companies wanting to use its Azure cloud computing services to create AI products. "They're buying a bunch of H100s," said Ben Bajarin, chief executive and principal analyst of Creative Strategies, referring to Nvidia's flagship chips for AI. Microsoft may be "aggressively buying Nvidia chips, given Microsoft does not have its own silicon as an alternative," said Atlantic Equities analyst James Cordwell. "The message on inflection point was the same," from Microsoft and Google, said Gene Munster, managing partner at Deepwater Asset Management, "but the difference was Microsoft investors wanted to see more."

Persons: Ben Bajarin, Ruth Porat, Scott Kessler, James Cordwell, Porat, Gene Munster, Stephen Nellis, Akash Sriram, Anna Tong, Max Cherney, Yuvraj Malik, Greg Bensinger, Sayantani Ghosh, Richard Chang Organizations: Microsoft, Nvidia Corp, Creative, Google, Deepwater Asset Management, Thomson Locations: Atlantic, San Francisco, Bengaluru, New York

☆ Threads now has ‘tens of millions’ of daily users. But its honeymoon phase may be over
▼ + stars: | 2023-07-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

After surpassing 100 million user sign-ups in less than a week, user engagement on Threads has slowed. Threads daily active users fell from 49 million on July 7, two days after its launch, to 23.6 million users last Friday, according to a report published this week by web traffic analysis firm Similarweb. “I’m very optimistic about how the Threads community is coming together,” Meta CEO Mark Zuckerberg said in a post on the platform Monday. “We’re clearly way out over our skis on this,” Mosseri said in a Threads post the week of the app’s launch. Threads could be a way for Meta to eke additional engagement time out of its massive existing user base.

Persons: It’s, “, Mark Zuckerberg, who’s, Adam Mosseri, ” Mosseri, Mosseri, ” Meta, Elon Musk, ”, Ali Mogharabi, Musk, Scott Kessler, ” Kessler Organizations: New, New York CNN, Meta, Twitter, ”, ” Morningstar Locations: New York

☆ Price point of Microsoft's new A.I. subscription service is 'pretty steep,' analyst says
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrice point of Microsoft's new A.I. subscription service is 'pretty steep,' analyst saysScott Kessler, global sector lead for tech, media and telecom at research firm Third Bridge, discusses the new artificial intelligence subscription service for Microsoft 365, and says the "big question" is adoption.

Persons: Scott Kessler Organizations: Microsoft

☆ Everyone's interested in hearing more about cloud and A.I., says Third Bridge's Scott Kessler
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEveryone's interested in hearing more about cloud and A.I., says Third Bridge's Scott KesslerScott Kessler, Third Bridge global sector lead for technology, media, and telecommunications, joins 'Closing Bell Overtime' to discuss Oracle earnings, Oracle's growth in A.I. and the cloud space, and more.

Persons: Everyone's, Bridge's Scott Kessler Scott Kessler Organizations: Oracle Locations: A.I

☆ Analysis: Elon Musk escalates antics at Twitter, complicating turnaround
▼ + stars: | 2023-04-10 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —Under Elon Musk, Twitter has antagonized multiple major news organizations by labeling them state-funded media, appears to have eased restrictions on Russian government accounts and made crude jokes on the front of its headquarters and on Musk’s own Twitter display name. Musk has said Twitter is working to improve the platform’s ad targeting to increase value for advertisers. But it didn’t exactly go to plan — instead of removing checks from all previously verified users, Twitter appeared to target a single account belonging to the New York Times. Days later, Twitter’s home button was temporarily replaced with doge, the meme representing the cryptocurrency dogecoin, which Musk has promoted. The company also briefly restricted Twitter users from sharing links to a rival platform, upsetting users, including one who had previously reported the so-called Twitter files using documents provided by Musk.

☆ Alibaba's split reveals China's shifting approach to big tech, says Third Bridge's Scott Kessler
▼ + stars: | 2023-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlibaba's split reveals China's shifting approach to big tech, says Third Bridge's Scott KesslerThird Bridge's Scott Kessler joins 'Power Lunch' to discuss a break up of China's Alibaba Group into six units, the opportunities for value creation to generate from the Alibaba division, and the Chinese government's perspective on big tech in China.

Google (GOOGL), which for years ranked as the top company to work for in the United States, laid off thousands of workers by e-mail. During her early years there, she worked in marketing and became known as the “The Bard of Google” for the internal emails she sent celebrating the company’s culture. Google employee affected by January layoffs“The problem was, suddenly, you didn’t work for a company that was sending stuff to space or building autonomous cars,” Rout said. Hundreds of Google employees in Switzerland staged a walkout last week to protest layoffs, partly out of frustration with the lack of transparency. About a month before the January layoffs, one former employee said Google painted “You Belong” on one of the walls in their working area.

☆ Snap stock plunges 15% as revenue growth stalls
▼ + stars: | 2023-01-31 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

Snap’s quarterly revenue was just shy of $1.3 billion, essentially flat from the year prior. Snap said it has already seen a roughly 7% revenue decline so far in the first quarter compared to the year prior. It estimates revenue for the first three months of the year will be down between 2% and 10% compared to the previous year. (Those figures were included in an investor letter, despite Snap saying it would not provide specific guidance for the quarter.) Snap (SNAP) shares fell as much as 15% in after-hours trading following the report.

☆ How Big Tech’s pandemic bubble burst
▼ + stars: | 2023-01-22 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

Microsoft’s customers, Nadella said, are now trying “to do more with less.”Microsoft isn’t the only company experiencing such a dramatic reversal. In recent months, higher interest rates, inflation and recession fears causing a pullback in advertising and consumer spending have all weighed on tech companies’ profits and share prices. “They’ve taken a more seemingly thoughtful approach to hiring and overall managing the company,” Kessler said. Notably, however, none of the Big Tech company CEOs now overseeing layoffs appear to have been hit with any change to their compensation or title. The tech layoff announcements are likely to continue into the upcoming earnings season, Kessler said, amid ongoing economic warning signs.

☆ Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers
▼ + stars: | 2022-11-15 | by ( Angus Loten | ) www.wsj.com time to read: +5 min

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Total venture-capital funding for startups developing IoT technology specifically for retailers is on pace to drop 65.1% from 2021 to $188.2 million by the end of the year—one of the hardest hit subsectors in the IoT market, the firm said. Like most commercial software applications, connected devices in recent years have become an integral part of retailers’ day-to-day operations. He said the company would continue to invest in these and other tech tools that help customers, despite tougher economic conditions. IoT technology is critical for the food company, Mr. Basu said, because it also enables Goya to implement cybersecurity projects in its plants.

☆ What Meta needs to do to compete against TikTok: Third Bridge's Kessler
▼ + stars: | 2022-10-26 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Meta needs to do to compete against TikTok: Third Bridge's KesslerScott Kessler of Third Bridge looks at Meta's earnings. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, Guy Adami and Bonawyn Eison.

☆ What Meta needs to do to compete against TikTok: Third Point's Kessler
▼ + stars: | 2022-10-26 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Meta needs to do to compete against TikTok: Third Point's KesslerScott Kessler of Third Bridge looks at Meta's earnings. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Steve Grasso, Guy Adami and Bonawyn Eison.

☆ Kessler: Snap's results may not be as indicative of what we'll hear from Alphabet and Meta this week
▼ + stars: | 2022-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKessler: Snap's results may not be as indicative of what we'll hear from Alphabet and Meta this weekScott Kessler of Third Bridge discusses what to expect from big tech earnings this week, amid inflation, the stronger dollar, and a slowdown in demand for e-commerce and smartphones.

☆ Tech earnings are coming and they probably won’t be pretty
▼ + stars: | 2022-10-20 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

Apple (AAPL), Amazon (AMZN), Facebook (FB)-parent Meta, Microsoft (MSFT), Twitter (TWTR) and Google-parent Alphabet (GOOGL) will each report earnings results the following week. “People probably should be bracing themselves for these results,” said Scott Kessler, technology global sector lead at research firm Third Bridge Group. Rampant inflation is eating away at consumers’ paychecks and reducing their ability to spend freely on tech products and services. To make matters worse, tech companies must also confront the growing strength of the US dollar, which is currently trading at its highest level in two decades. Many of the issues currently weighing on tech companies are unlikely to let up anytime soon, which is why industry watchers will be paying close attention to the guidance these companies offer for the rest of 2022.

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