Ed Ludlow

Okay, coming up, Snap, paid subscribers rise, but the company sees a dip in daily active users, particularly in America.

Got more on those numbers next.

Down 9%.

This is Bloomberg Tech.

Time now for Talking Tech.

Let's go through some more of the earnings.

First up, Sony reporting a 22% rise in profit over the holiday quarter.

And it said it secured sufficient memory supply for its key PlayStation 5 business this year.

The company did caution, however, that profitability of the wider games and networking division worsened.

due to rising hardware costs plus nvidia partner honhai saw revenue climb 35.5 percent in january to the equivalent of 23 billion us dollars the taiwan-based company is one of the key players in the ai hardware industry and is benefiting from the billions being spent on the gear needed to train and operate the models and shares of peloton are down after the fitness company provided a weaker than expected revenue forecast for the fiscal third quarter

Investors have been hoping the release of AI-powered treadmills, bikes, and other new products would put some muscle into Peloton's turnaround efforts like that.

Carrie?

Pardon your puns.

I'm trying to understand where Snap fits in the world.

It's the first time users declined since 2018.

I haven't been on Snap for a very long time.

And 2018, I certainly wasn't.

That sounds like a worrying signal, right?

You know, you're talking about the different revenue streams, but at the end of the day, what is Snap?

And what does the shrinking user base suggest to you, Minda?