Amazon Q2: Why Is Net Unearned Revenue Negative?
What's really surprising after Amazon's (AMZN) Q2 earnings is that no one, not one Wall Street analyst, not one financial commentator, not one Seeking Alpha contributor (except for us), commented on the negative net unearned revenue in this quarter. What is unearned revenue and why is it important? Here are some brief explanation from our previous Editor's Pick article: ...Due to accrual accounting, revenue can only be recognized during the period in which it is earned. That means any Prime me..>> view originalSnap's shares slide as IPO lockup ends
NEW YORK (Reuters) - Shares of Snap Inc (SNAP.N), owner of the Snapchat messaging app, fell as much as 5 percent on Monday to a new low as a share lockup ended, allowing for sales by early investors and pushing it further below its March initial public offering price. Starting on Monday and extending into August, early investors, employees and other insiders will be able to sell shares for the first time since its $3.4 billion IPO, the third-largest for a U.S. technology company. After a volati..>> view originalCanceling Your Model 3 Deposit? Don't Count on a Timely Refund
Tesla owes Shashank Chitti $1,000.That’s how much the Bay Area tech consultant paid to reserve a Model 3, the automaker's highly anticipated electric sedan for the masses. Chitti was among the tens of thousands of people who waited in line to reserve the car sight unseen, hours before Tesla CEO Elon Musk revealed it to the world on March 31, 2016. In the days following the Model 3's debut, hundreds of thousands more people placed deposits, netting the company what amounts to a humongous interest..>> view originalGoogle's new program to track shoppers sparks a federal privacy complaint
(Loic Venance/Agence France-Presse/Getty Images) A prominent privacy rights watchdog is asking the Federal Trade Commission to investigate a new Google advertising program that ties consumers’ online behavior to their purchases in brick-and-mortar stores. The legal complaint from the Electronic Privacy Information Center, to be filed with the FTC on Monday, alleges that Google is newly gaining access to a trove of highly sensitive information -- the credit and debit card purchase records of ..>> view originalSpirit Airlines flight from Las Vegas delayed by naked passenger
(Photo: Ben Mutzabaugh, USA TODAY)Budget carrier Spirit Airlines likes to tout itself as “the home of the Bare Fare,” but this probably isn’t what the carrier had in mind. Customers on a Spirit flight from Las Vegas witnessed an unusual scene this weekend after one passenger on the flight allegedly stripped naked during boarding. "He removed his clothes and then approached a flight attendant," airport spokesman Chris Jones says to NBC Las Vegas. "Metro officers were called and he was given med..>> view originalAirport worker punches Easyjet passenger holding a baby
The victim was due to travel on EasyJet flight 2122 from Nice to Luton airport outside London on Saturday. The flight was delayed for a grueling 11 hours. EasyJet says the airport employee does not work for the airline. "It was awful the whole thing. I just can't believe people can behave like that," said fellow passenger Arabella Arkwright, 49, who photographed the altercation. She told CNN it was her husband who restrained the attacker while they waited for police to arrive. The man was taken ..>> view originalDiscovery CEO on Scripps Deal: "We'll Evaluate All" Networks
Discovery CEO on Scripps Deal: "We'll Evaluate All" Networks 7:10 AM PDT 7/31/2017 by Etan Vlessing , Georg Szalai David Zaslav says the $14.6 billion transaction will create a "global content engine" as he and his Scripps counterpart Kenneth Lowe tout the benefits on a call with analysts. Discovery Communications CEO David Zaslav on Monday touted the company's $14.6 billion deal to acquire Scripps Networks Interactive, which will bring together the two cable networks firms known..>> view originalFAA probes near miss between drone and jetliner at airport
By Associated Press By Associated Press July 31 at 6:11 AM NEWARK, N.J. — The Federal Aviation Administration is investigating after a drone was spotted as a jetliner approached New Jersey’s Newark Liberty International Airport. United Airlines Flight 135 was arriving from Switzerland on Sunday when the crew of the Boeing 767 reported a near miss with the drone at 850 feet (259 meters). United told WNBC-TV in New York (http://bit.ly/2vl9cHx ) that air traffic control had alerted the fligh..>> view originalBuyback and profit rise show progress as HSBC looks east
HONG KONG/LONDON (Reuters) - A third share buyback in a year by HSBC underlined progress in the turnaround plan for Europe's biggest bank, with profit also growing by 5 percent in the first half of 2017. The news sent HSBC shares up three percent to a four-year high of 764 pence each in London, as the bank signaled further buybacks and confidence it can continue to improve revenues from growth in Asia. Chief Executive Officer Stuart Gulliver and Chairman Douglas Flint are both retiring, leaving ..>> view originalJune pending home sales edge up 1.5%, but spring market stalled
Home shoppers finally turned a corner, but not a sharp one. After falling throughout the usually busy spring season, a monthly index of signed contracts to purchase existing homes increased 1.5 percent in June compared with May, and May's figure was revised slightly higher, according to the National Association of Realtors. The index was 0.5 percent higher compared with June 2016, the first annual increase since March. So-called pending home sales are a forward indicator of closed sales two to ..>> view original
Thursday, October 19, 2017
Amazon Q2: Why Is Net Unearned Revenue Negative? and other top stories.
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