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April 26, 2023, 11:05 PM
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| Meta: |
Meta reports Q1 revenue up 3% YoY to $28.6B, net income down 24% YoY to $5.7B, and family daily active people up 5% YoY to 3.02B for March 2023; META jumps 10%+ — “We had a good quarter and our community continues to grow,” said Mark Zuckerberg, Meta founder and CEO.
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Wall Street Journal, SiliconANGLE, Wall Street Journal, Yahoo Finance, Bloomberg, Digital Trends, CNBC, CNBC, Search Engine Land, Android Central, AlphaStreet, Reuters, Forbes, Investor's Business Daily, Investing.com Canada, Variety, Axios, MarketWatch, and New York Times
Tweets:
@tanayj, @mikeisaac, @swiftstories, @hzhu_, @niubi, @digitalshields, @lexnfx, @rihardjarc, @eric_seufert, @mikeisaac, @altcap, @mikeisaac, @stockmarketnerd, @jason_kint, @alexeheath, @stockmarketnerd, @jduballreports, @divestech, @epro, @richlightshed, @rihardjarc, @sarthakgh, @lexnfx, @richlightshed, @jason_kint, @thetranscript_, @lexnfx, @lexnfx, @stockmktnewz, @jason_kint, @eric_seufert, @jason_kint, @jason, @robertjbateman, @patrickmcgee_, @sarafischer, @scobleizer, @jason_kint, @supbagholder, @jason_kint, @emmonspired, @mikeisaac, and @gugo907. Facebook:
Mark Zuckerberg
| Jonathan Vanian / CNBC: |
Meta's Reality Labs unit reports Q1 revenue down 51% YoY from $695M to $339M and operating loss up 35% YoY from $2.96B to $3.99B, after losing $13.72B in 2022 — - Meta's Reality Labs unit had a $3.99 billion operating loss in the first quarter, after losing $13.72 billion last calendar year.
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The Block, Cointelegraph, and Social Media Today
Tweets:
@xrandrew, @thekantoarbot, @value_invest12, @sixsigmacapital, @calebfranzen, @stockmktnewz, @grdecter, @hkeskiva, and @calebfranzen
| Amanda Silberling / TechCrunch: |
Mark Zuckerberg disputes the narrative that Meta is moving its focus away from a metaverse vision and sees AI tech working in tandem with the metaverse — Things are looking up for Meta. The company beat revenue expectations, reporting an increase in year-over-year revenue for the first time in three quarters.
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PYMNTS.com, The Verge, UploadVR, Decrypt, Financial Times, and CryptoSlate
Tweets:
@boztank, @slhamlet, @ballmatthew, @richlightshed, @mikeisaac, @mikeisaac, @andrebeganski, and @lexnfx
| Darrell Etherington / TechCrunch: |
Meta says time spent on Instagram grew 24%+ since Reels launched thanks to AI recommendations, and expects Reels to be revenue-neutral by year end or early 2024 — Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday …
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Social Media Today and Bloomberg
Tweets:
@mikeisaac, @supbagholder, @_seandavid, @swiftstories, @mikeisaac, and @swiftstories
| Competition and Markets Authority: |
The UK CMA blocks Microsoft's $68.7B Activision acquisition, citing competition and innovation concerns in the UK cloud gaming market; Microsoft plans to appeal — The CMA has prevented Microsoft's proposed purchase of Activision over concerns the deal would alter the future …
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Bloomberg, The Verge, BBC, Activision Blizzard King, GOV.UK, CNBC, Disconnect, Wall Street Journal, New York Times, Windows Central, Bloomberg, Financial Times, Ars Technica, The Guardian, MacRumors, Livemint, GameSpot, Eurogamer.net, Axios, New York Times, PC Gamer, Video Games Chronicle, GamesIndustry.biz, Variety, Financial Times, TechPowerUp, Game Rant, Wired, ZDNet, Gizmodo Australia, MobileSyrup, Reuters, HotHardware, Fortune, Gizchina, PCWorld, TweakTown, WinBuzzer, Polygon, ExtremeTech, SiliconANGLE, Neowin, Stevivor, City A.M., Wall Street Journal, Inside Bitcoins, The Hill, Digital Trends, TNW, TechSpot, Techaeris, WRAL TechWire, UKTN, KitGuru, TechRadar, Appuals.com, GeekWire, OnMSFT.com, Gameranx, Coinspeaker, The Information, SlashGear, Android Authority, 9to5Google, Gizmodo, GamingBolt, Forbes, PCMag, BGR, Computerworld, Club386, Silicon Republic, Tech Startups, The Register, Rock, Paper, Shotgun, Thurrott, VentureBeat, DatacenterDynamics, Pocket Gamer.biz, American Economic …, Watcher Guru, Los Angeles Times, gHacks Technology News, Insider, IGN, Push Square, CNN, The Guardian, Game Developer, Dot Esports, AppleInsider, iPhone in Canada Blog, Wccftech, Destructoid, Engadget, BigTechWire, Press Start, Kotaku Australia, MCV/DEVELOP, Associated Press, Deadline, TrueAchievements, Pure Xbox, Dow Jones Newswires, and Neowin
LinkedIn:
Antony Adler. Tweets:
@bradsmi, @cmagovuk, @lulumeservey, @cmagovuk, @papscun, @deeketweak, @jamestitcomb, @tbraithwaite, @fosspatents, @cecianasta, @s8mb, @stephentotilo, @tomhfh, @cmagovuk, @andyplaytonic, @benedictevans, @cecianasta, @peterovo5, @videotechx, @tomwarren, @ryan_browne_, @jjvincent, @benthompson, @bdsams, @videotechx, @eric_seufert, @s8mb, @ethangach, @gossithedog, @nickstatt, @matthewstoller, @pgeuder, @cmagovuk, @zach_cer, @fosspatents, @fosspatents, @bdsams, @nicholashirst_, @shortsightedcap, @fosspatents, @wyp100, @skizzleaxe, @slbsn, @econliberties, @s8mb, @deeketweak, and @xcloudtimdog
| Victoria Song / The Verge: |
Amazon shuts down its health-focused Halo division, discontinues its Halo Band, Halo View, and Halo Rise devices, and plans to lay off portions of the team — Amazon has decided to shutter its health-focused Halo division, The Verge has learned. Amazon has stopped selling its three Halo products …
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About Amazon, PCMag, The Information, Engadget, Thurrott, Neowin, Bloomberg, Ars Technica, AppleInsider, MacRumors, Android Authority, iClarified, TechCrunch, Android Central, BGR, SiliconANGLE, MakeUseOf, TechRadar, GeekWire, Cord Cutters News, Mashable, SlashGear, Techaeris, AFTVnews, CNBC, and Reuters
Tweets:
@willahmed, @carnage4life, and @vrvitaly
| Abner Li / 9to5Google: |
Google says it plans to add E2EE to Google Authenticator “down the line”, after researchers warned that its new feature to sync 2FA codes is not E2E encrypted — On Monday, Google Authenticator launched the ability to sync 2FA codes to your Google Account.
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MobileSyrup, BleepingComputer, Dark Reading, ITPro, Cointelegraph, Android Authority, Android Central, NextPit, Gizmodo Australia, and gHacks Technology News
Tweets:
@mysk_co, @manan, @gcluley, @chrisblec, @reclaimthenethq, and @matthew_d_green
| Paul Sawers / TechCrunch: |
Lookout agrees to sell its consumer mobile security business to F-Secure in a deal valued at around $223M, transitioning into a “pure-play enterprise company” — Lookout's long-running transition to becoming an enterprise security company is all but complete …
More:
F-Secure, Lookout, SiliconANGLE, and SiliconANGLE
Tweets:
@lookout, @lookout, @rsiilasmaa, and @fsecure
| Brian Fung / CNN: |
US senators unveil a bipartisan bill that bans kids under 13 from joining social media and requires tech companies to get parental consent for teens' accounts — A new federal bill unveiled Wednesday would establish a national minimum age for social media use and require tech companies … | Tom Warren / The Verge: |
Some users say Microsoft Edge sends URLs of visited pages to the Bing API website; a developer says Edge's creator follow option, on by default, may be to blame — Microsoft's Edge browser appears to be sending URLs you visit to its Bing API website. … Microsoft tells The Verge it's investigating the reports.
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Laptop Mag, Ars Technica, WinBuzzer, Pureinfotech, The Register, Windows Central, Tech Startups, and MobileSyrup
| Todd Spangler / Variety: |
Roku reports Q1 revenue up 1% YoY to $741M, platform revenue down 1% YoY to $635M, streaming hours up 20% YoY to 25.1B, and active accounts up 17% YoY to 71.6M — Users streamed a record high of 3.9 hours per active account per day during the quarter, company says| Josh Eidelson / Bloomberg: |
YouTube Music contractors from Cognizant vote to unionize with the Alphabet Workers Union; Alphabet is appealing a ruling that Google is their joint employer — The majority of a group of YouTube contract staff in Texas have voted to unionize in a labor victory that could force parent company Alphabet Inc …
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SFGATE, The Information, Insider, Engadget, VICE, Axios, and TechCrunch
Tweets:
@alphabetworkers, @moreperfectus, @josheidelson, @josheidelson, @koopercaraway, @luc_pete, and @alexnpress
| Sara Merken / Reuters: |
Harvey, which builds generative AI tools for law firms, raised a $21M Series A led by Sequoia with participation from the OpenAI Startup Fund and others — With more and more lawyers at major law firms using fast-advancing generative artificial intelligence tools, legal AI startup Harvey …
More:
Sequoia Capital, Harvey, and LawSites
| Angus Loten / Wall Street Journal: |
PricewaterhouseCoopers plans to invest $1B in generative AI over the next three years, working with Microsoft and OpenAI to automate some of its US operations — Multiyear investment in U.S. business includes accessing ChatGPT maker OpenAI's language model, training staff in AI capabilities
More:
PwC, VentureBeat, Unite.AI, SiliconANGLE, Forbes, and BigTechWire
Tweets:
@angusdav, @stshank, @gdb, and @jeremydaltonxr
| Dean Takahashi / VentureBeat: |
Katmai, which is developing browser-based 3D video conferencing tech for virtual office spaces, raised a $22M Series A led by Starr Insurance Companies — Katmai has raised $22 million for its ew take on remote work with a new 3D virtual office platform. — Katmai is emerging from stealth today …
More:
Fast Company and Blockster
| Yuvraj Malik / Reuters: |
eBay reports Q1 revenue up 1% YoY to $2.51B, vs. $2.48B est., gross merchandise volume down 5% YoY to $18.4B, and forecasts Q2 revenue guidance above estimates — Ecommerce firm eBay Inc (EBAY.O) forecast second-quarter revenue above Wall Street estimates on Wednesday …
More:
Bloomberg, eBay Inc., and MarketWatch
| New York Times: |
A look at the mounting US legal pressure on Binance: the DOJ's money laundering division leading a criminal investigation, CZ hiring Latham & Watkins, and more — The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.
More:
Bloomberg, PYMNTS.com, Decrypt, and CryptoSlate
Tweets:
@nytimesbusiness, @flitteronfraud, @molly0xfff, @smdiehl, @silvermanjacob, and @bitfinexed
| Yueqi Yang / Bloomberg: |
More:
Push Square, CoinDesk, ZyCrypto, Inside Bitcoins, Crypto Briefing, Crowdfund Insider, and Watcher Guru
| Riho Nagao / Nikkei Asia: |
Japan plans to provide an additional $1.94B in assistance to Rapidus, a government-backed chip consortium that is working with IBM to mass produce 2nm chips — Money going to R&D, including dispatching of engineers to IBM — Rapidus is a key piece of Japan's efforts to bring advanced semiconductor manufacturing back to the country.
Tweets:
@shankhu15 and @nikkeiasia
| Reuters: |
Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since 2009, and revenue down 18% YoY to ~$47.6B; its chip division reported ~$3.4B loss — Samsung Electronics Co Ltd (005930.KS) flagged a gradual recovery for chips in the second half of the year …
More:
ZDNet, Nikkei Asia, Bloomberg, Samsung Newsroom, Wall Street Journal, CNBC, and Yonhap News Agency
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