BuzzFeed reported it was profitable on an operational basis in the second quarter, as revenue grew 51% to $89 million, largely off of its advertising business. Meanwhile, Complex Networks, which BuzzFeed has proposed acquiring as part of a plan to go public via merging with special purpose acquisition corp 890 Fifth Avenue Partners, saw a 5% drop in revenue for the quarter due to the ending of...
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The Briefing Apple Entertainment
Apple’s Mac Renaissance
For a company as routinely successful as Apple, continued success can get repetitive. Tonight’s earnings call, for instance, was so full of the usual hyperbole about record revenues that Chief Financial Officer Luca Maestri repeated a segment of his commentary without missing a beat. But within the eye-glazing recitations of Apple’s various records—and, for the TV service, its award nominations...
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