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Google Cloud growth slows as Alphabet net income plunges

CIO Business Intelligence

Even though Google Cloud revenue growth showed signs of slowing, it nevertheless provided something of a bright spot as parent company Alphabet — hit hard by the tightening of customer budgets — posted a year-over-year decline in net income for its 2022 fourth quarter. Net income (profit) was $13.6 billion, up just 1% from $75.3

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Seattle lawmakers axe funds for gunshot detection tech that was part of mayor’s public safety push

GeekWire

billion city budget for 2023 will not include funds sought by Mayor Bruce Harrell for gunshot detection technology. The Atlanta Police Department announced last week that it was passing on the technology after a six-month trial because it doesn’t haven’t room in its budget for the system. ShotSpotter Photo). During an Oct.

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Recent grads working in tech are migrating to Seattle more than any other U.S. city

GeekWire

Seattle saw positive net migration for tech and finance talent from both 2021 to 2022 and 2022 to 2023. But a recent budget report from the City of Seattle warned that Seattle faces stronger economic headwinds compared to the rest of the country due in part to its reliance on the technology industry.

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Jeff Bezos says no thanks to Bernie Sanders’ request to testify on income inequality

GeekWire

Amazon founder Jeff Bezos will not testify at a Senate Budget Committee hearing on income inequality next week — a decision that comes hours after Senator Bernie Sanders of Vermont invited the billionaire to share his thoughts on the matter, reports CNBC. — Bernie Sanders (@BernieSanders) March 12, 2021.

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Apple reportedly told a TV and movie workers’ union its TV Plus had fewer than 20 million subs

The Verge

Workers on certain ‘new media’ streaming projects get paid less, even on productions with budgets that rival or exceed those of traditionally released blockbusters,” according to a press release IATSE posted on Tuesday. Apple said in July that it had a net profit of $21.7 billion in revenue in its third quarter of 2021.

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Netflix’s subscriber growth slows, but company isn’t worried about running out of content

The Verge

Netflix’s business soared during the pandemic , but as it heads into 2021 and faces a potential shortage of films and movies, the company will have to prove it can continue performing. million net subscribers in Q3, compared with the company’s 2.5m They have a lot of shows that have big budgets and a niche audience. guidance.

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Seattle evaluating its own capital gains tax following new state law

GeekWire

” Mosqueda, also the city council’s budget chair, said she is not considering pursuing a capital gains tax ordinance independently. “If you are looking for a local jurisdiction that does not impose a net income tax, but does tax capital gains, I don’t have an example.”