Facebook’s yearly revenue growth slowed by about 10 percentage points in 2019, while expenses roughly doubled during the same timeframe to $46.7 billion, shrinking its operating margin by 11% for the full year. Facebook had flagged the expense increase months ago—warning it was caused by ballooning investments in areas like security, marketing, and consumer hardware. But despite its efforts to...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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