Cheddar afternoon business report for Feb. 8, 2018Posted: Updated:
Twitter reported its first-ever profit on Thursday morning.
The social media platform brought in $732 million in revenues, nearly $50 million more than expected. Monthly active users did fall short of expectations, though, coming in 2 million less than estimated at about 330 million.
The Winter Olympics are finally here. NBC will have 1,800 hours of event coverage over the next two weeks, but unlike the Super Bowl, NBC is not giving it away for free. If you have cable, you can stream all the events on NBC's sports app. But if you're a cord-cutter, NBC has partnered with tech company Intersection and will provide Olympic highlights on platform displays, LinkNYC Wi-Fi networks and other transit hubs across New York City, Chicago and Philadelphia.
Amazon will start delivering Whole Foods on its fastest service, Prime Now. Shoppers in four cities -- Austin, Dallas, Virginia Beach and Cincinnati -- will be able to get their groceries within two hours of purchase. Amazon purchased Whole Foods last June, but this is the first time the brick-and-mortar store and e-commerce giant are merging operations.