Money

Weekly Tech Review: Oracle's Stellar Q3, Adobe's Leadership Shift, and Major Moves from Amazon, Meta, and Apple

authorBy Dave Ramsey

DateMar 15, 2026

Read time2 min

The past week has been eventful for the technology sector, with major announcements and strategic changes from leading companies. From impressive financial performances to significant policy adjustments and potential restructuring, the industry continues to demonstrate its dynamic and ever-evolving nature.

Navigating the Evolving Tech Landscape: Key Developments and Strategic Shifts

Oracle's Financial Achievements in the Third Quarter

Oracle Corporation recently disclosed its financial outcomes for the third fiscal quarter of 2026, surpassing analyst projections. The company reported a revenue of $17.19 billion and an adjusted earnings-per-share growth of 21% year-over-year, reaching $1.79. These figures underscore Oracle's robust performance and market strength.

Adobe's Leadership Change Amidst Strong Financials

Adobe also shared its first-quarter financial results, reporting revenue of $6.40 billion, which exceeded analyst expectations. This announcement was accompanied by news of a transition in the company's CEO position. The total revenue marked a 12% increase from the previous year, with customer group subscription revenue growing by 13% to $6.17 billion, signaling healthy growth despite leadership changes.

Amazon's Adjustment to Prime Video Pricing

Amazon revealed its decision to increase the cost of its ad-free streaming option for Prime Video. Effective April 10, the premium tier will be priced at $4.99 per month, a $2 rise from its earlier rate of $2.99. This revised offering will also be introduced under a new brand, "Prime Video Ultra," indicating a strategic repositioning of the service.

Meta Platforms Contemplates Significant Workforce Reductions

Reports suggest that Meta Platforms is deliberating a substantial cut of its workforce, potentially affecting 20% of its employees. While the exact timeline and extent of these layoffs remain undecided, this move could reflect a broader strategy to optimize operations or reallocate resources, though the company has not yet commented on the reports.

Apple's Strategic Reduction of App Store Fees in China

In response to increasing regulatory scrutiny and shifting dynamics within the smartphone market, Apple has implemented a reduction in its App Store commission fees for developers in China. The company announced a notable decrease in in-app purchase charges, moving from 30% to 25%. Further reductions are planned for small businesses and developers of mini-applications, aimed at fostering innovation and compliance in the region.

Apple's Week in Review: App Store Changes, F1 Success, and Market Discussions

This week, Apple made headlines with several key developments, including a reduction in App Store fees in China to address antitrust concerns. The company also saw a significant increase in Formula 1 viewership, bolstered by a new American team and a popular movie. Additionally, Tim Cook's decision to join Apple and Elon Musk's tribute to the tech giant highlighted its enduring legacy, while discussions on market concentration offered a broader economic perspective.

By Natalie PaceMar 15, 2026

Bank of New York CEO Views AI Agents as Integral Workforce Members

Anthony Scaramucci highlights a shifting perspective among top executives, with the Bank of New York's CEO reportedly considering AI agents as employees rather than mere tools. This change indicates a broader industry trend towards deeper AI integration, potentially reshaping job roles and organizational structures, a view echoed by investor Vinod Khosla, who anticipates AI performing 80% of jobs by 2030.

By Chika UwazieMar 15, 2026

Tesla's Ambitious AI Chip Project, 'Terafab,' Set to Launch in a Week

Elon Musk has announced that Tesla will launch its "Terafab" AI chip project within seven days. This initiative aims to produce advanced AI chips, including the fifth-generation AI5, to power the company's autonomous driving systems and fulfill its ambitious goals in artificial general intelligence (AGI). Musk emphasized the necessity of in-house large-scale chip manufacturing due to insufficient external supply, indicating a significant strategic shift for the company.

By Mr. Money MustacheMar 15, 2026

GE HealthCare Secures FDA Clearance for Advanced Radiology Platform

GE HealthCare has announced FDA 510(k) clearance for 'View', a new diagnostic viewer integrated into the Genesis Radiology Workspace. This cloud-native tool is designed to enhance radiologists' efficiency and accuracy by offering high-performance 2D and 3D visualization alongside AI functionalities, addressing the challenge of non-interpretive tasks in radiology workflows.

By T. Harv EkerMar 14, 2026

Bernstein SocGen Group Reaffirms 'Buy' Rating for Circle Internet Group (CRCL)

Bernstein SocGen Group has reiterated its "Outperform" rating for Circle Internet Group (CRCL), maintaining a price target of $190. This decision follows CRCL's strong fiscal Q4 2025 earnings report, where revenue surged 77% year-over-year to $770 million, exceeding expectations by over $25 million, and EPS outperformed by $0.32 at $0.56. The positive sentiment is largely attributed to the company's significant strides in stablecoin adoption, with its transaction volume share increasing from 39% to approximately 50% in the stablecoin market.

By Mr. Money MustacheMar 14, 2026