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Snap commits $2 billion over 5 years for Google Cloud infrastructure

 Most of today’s Snap coverage will be  about its revenue and daily average usage numbers, but there was one small tidbit that emerged which will mean big business for the company’s cloud infrastructure partner, Google. In Snap’s S-1 filing, the company announced a license platform agreement it struck with Google for its cloud infrastructure services. Under the terms of… […]

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Sony’s profit drops 84% to $169M as film business takes $920M write-down

 Sony’s PlayStation business was one of a few bright spots from its latest financial report, which was over-shadowed by a near-billion dollar write-down for its film business. The Japanese tech giant posted a 19.6 billion JPY ($169 million) profit on revenue of 2,397.5 billion JPY ($20.7 billion) for Q3. Revenue was down seven percent year-on-year, but net profit sunk […]