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Tag: PROFIT

Microsoft posts devilish Q4 earnings of $6.66 billion

In 1975 Bill Gates, Paul Allen and a certain unnamed, cloven-hoofed, hot-under-the-collar associate made a pact: to rule the world! It seems, 35 years, billions of dollars and dozens of lawsuits later that they've made it. For the quarter ending December 2009, Microsoft saw a net, record-breaking profit of 6.66 billion dollars on revenue of 19 billion dollars -- in just three months! Driven by...

iTunes price hike fallout: labels making less money

Get your sad trombone button ready. According to several recording industry sources, the recent price hikes on iTunes haven't been much of a benefit to the people that wanted them the most - the record labels. Despite their Mr. Crab's like shouts of "Where's me money?!" the increase has had the exact opposite effect. Digital Music News reports that labels have seen a drop in both sales and...

Microsoft now brings in $50 billion a year

Everyone knows that Microsoft makes a lot of money off of MS Office, and you know, that operating system that's installed on the vast majority of computers in the US and many other countries. But ever wonder just how much? Turns out Microsoft made $51.12 billion in revenue during the fiscal year that ended June 30th. That's up 15% from the previous year. During the second quarter of 2007....

Short on cash? Post a video on YouTube

Answering the challenge brought by sites such as Revver, Google's YouTube is looking to launch a revenue sharing model for top posters on the popular video sharing web site. While YouTube is still the most dominant force in online video sharing, sites like Revver have attracted top video posters by offering to share in revenue from advertising on the site. However, unlike Revver's service,...

The debunking of BusinessWeek's 'Digg made $60m' story

BusinessWeek is running a story featuring Kevin Rose on the cover, with the headline: "How This Kid made $60 Million In 18 Months." That sounds like a heckuva success story, but not everyone believes the math. Our own CEO Jason Calacanis debunked it himself, but since he owns us and Netscape - a digg competitor - I figured y'all might want to hear it from others in the community too, including...