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Week in Review - Earning your attention

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Saturday, October 31, 2020 By Lucas Matney

Hello hello, and welcome back to Week in Review. Last week, I wrote about a return of investor enthusiasm for Snapchat, this week I’m talking about a stressful afternoon this week for the TechCrunch team.

If you're reading this on the TechCrunch site, you can get this in your inbox here, and follow my tweets here. Oh, and also, go vote!

The Big Story

This week featured an interesting day for some of the writers at TechCrunch as we embraced the task of simultaneously covering the quarterly earnings report releases from a whole lot of Silicon Valley tech companies. On Thursday, Apple, Facebook, Alphabet, Amazon, Spotify, Twitter and Shopify all released their earnings within the course of a half hour of each other.

TechCrunch has a smaller staff of writers than you might think, we all keep an eye on quite a few industries and have plenty of stories in the works at most times. We’re used to being nimble, that being said, we scratched our heads on what to do when a handful of companies we’ve covered closely, some for decades, all gave their quarterly earnings update on the same day.

This is all relatively low stakes, we miss an earnings release and the world turns, but internally we’ve been having the broad conversation about what earnings mean to readers. Once an opportunity for tech companies to deliver a window into their business and aspirations, as the biggest tech companies have become the biggest companies period, they’ve largely pivoted from transparency to obfuscation.

At their best, a good earnings write-up can offer a window into Wall Street expectations and the trajectory of a company over time. By looking at earnings you can see why certain surprises aren’t all that surprising and you can get a sense for what companies are innovating as opposed to just increasing revenues. Not all venture capitalists love the quarterly earnings release model, with some arguing that it discourages long-term investment for these companies and leaves them too focused on delivering small victories instead of lasting impacts.

A bird’s eye view of a half-dozen or so releases landing Thursday only signified how important it is to tap these disclosures for insights into long-term health as we decided what’s worth writing up and what’s worth sticking in the mental filing cabinet.

The Big Story image

Image Credits: Bryce Durbin / TechCrunch

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Trends of the Week

Apple eyes search
Even as the Justice Department takes aim at Google over their massive search deals with companies like Apple, Apple is looking at how they can boost their efforts around search and craft a better index of the web for users of its device. More here.

Facebook launches a ‘cloud gaming’ service
Facebook sees an opportunity in cloud gaming and unsurprisingly that opportunity is largely related to their ads business. This week, I wrote about how Facebook is kicking off a new gaming effort, even as they kick off a new feud with Apple. Read more here.

Peacock boasts 22 million sign-ups
No one was asking for Peacock, but after a few months on the market, the service already has 22 million users. How did it reach this success? It might have something to do with its free tier… Read more here.

Trends of the Week image

Image Credits: NBCUniversal

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