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April 26, 2023, 5:50 PM
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memeorandum
WeSmirchTop News
| 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, Activision Blizzard King, BBC, GOV.UK, CNBC, New York Post, Disconnect, New York Times, Financial Times, Bloomberg, GamesIndustry.biz, Ars Technica, MacRumors, The Guardian, Windows Central, Wall Street Journal, Reuters, ZDNet, Fortune, Eurogamer.net, Axios, HotHardware, New York Times, Livemint, Video Games Chronicle, GameSpot, Financial Times, PCWorld, Inside Bitcoins, GamesIndustry.biz, SiliconANGLE, Variety, Wired, ExtremeTech, TweakTown, TechPowerUp, City A.M., Associated Press, SlashGear, Forbes, PCMag, American Economic …, Watcher Guru, Coinspeaker, The Guardian, iPhone in Canada Blog, Game Developer, Los Angeles Times, TrueAchievements, KitGuru, TechRadar, Push Square, OnMSFT.com, DatacenterDynamics, Tech Startups, 9to5Google, MobileSyrup, Wccftech, TechSpot, The Register, gHacks Technology News, Gameranx, Digital Trends, Dot Esports, AppleInsider, CNN, Press Start, TNW, VentureBeat, Gizchina, GeekWire, Insider, GamingBolt, WinBuzzer, Appuals.com, Rock, Paper, Shotgun, Polygon, Neowin, Engadget, The Information, Techaeris, Silicon Republic, Pocket Gamer.biz, Computerworld, IGN, Thurrott, Dow Jones Newswires, PC Gamer, BigTechWire, Associated Press, Gizmodo Australia, Android Authority, The Hill, Destructoid, BGR, Gizmodo, Neowin, UKTN, Club386, Kotaku Australia, Gamereactor UK, Pure Xbox, Dexerto, Deadline, MCV/DEVELOP, TechCrunch, Twinfinite, GLITCHED, and Nintendo World Report Updates
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Antony Adler. Tweets:
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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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| 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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Social Media Today. Tweets:
@value_invest12, @calebfranzen, @calebfranzen, @hkeskiva, @stockmktnewz, @ballmatthew, @xrandrew, @thekantoarbot, and @sixsigmacapital
| 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, Engadget, MacRumors, Android Authority, SiliconANGLE, GeekWire, The Information, Reuters, TechCrunch, TechRadar, Android Central, Mashable, AFTVnews, and CNBC
| 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 … | 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:
Decrypt, Bloomberg, PYMNTS.com, Coinspeaker, and CryptoSlate
Tweets:
@flitteronfraud, @molly0xfff, @smdiehl, @silvermanjacob, and @bitfinexed
| Yueqi Yang / Bloomberg: |
| 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.| 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
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PwC, VentureBeat, Unite.AI, SiliconANGLE, Forbes, and BigTechWire
Tweets:
@gdb, @angusdav, @stshank, and @jeremydaltonxr
| 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, MarketWatch, and eBay Inc.
| 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| Theo Wayt / The Information: |
Sources: Andy Jassy picks 14-year Amazon veteran Eric Rimling as his technical adviser, a coveted two-year position; Jassy was Bezos' adviser in the early 2000s — Amazon CEO Andy Jassy has picked Eric Rimling, a 14-year veteran of the company's fulfillment operation, as his new technical adviser … | Allison Johnson / The Verge: |
Lenovo announces the $699 Lenovo ThinkPhone by Motorola, with ThinkPad-compatible productivity features, available to enterprises now and unlocked on April 28 — The Lenovo ThinkPhone by Motorola is available in the US starting today for $699, offering a suite of productivity features designed to work with ThinkPad laptops.| Nilay Patel / The Verge: |
Q&A with Lightspark CEO David Marcus on the current crypto winter, Lightning as a Layer 2 protocol, raising ~$175M, Libra, Nostr, Bitcoin, regulations, and more — Crypto has a lot of haters these days. The former Facebook exec is trying to prove them wrong with his Bitcoin startup.| Damilare Dosunmu / Rest of World: |
A look at the crypto hype waning in Africa, as consumer trust fades, regulators push back, startups shutter, and Web3 workers reconsider their careers after FTX — Trust is fading, startups are shutting down, and Web3 workers are reconsidering their career choices. — • LAGOS, NIGERIA
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WeeTracker and The Overspill
| Yaling Jiang / Wired: |
Experts say that China's mostly government-led metaverse efforts are more about supporting the economy, health care, and industry than about consumer services — The government wants the metaverse to be less about having fun and shopping and more about health care and industry.| Aisyah Llewellyn / Rest of World: |
TikTok Shop is thriving in Indonesia, TikTok's second-biggest market with an estimated 110M users; Data.ai: Shop Seller has had ~5.5M downloads in the country — TikTok Shop, the controversial app's ambitious next phase, has caught fire in Indonesia. “This is truly the year of TikTok,” says one seller.| 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 … | Christine Hall / TechCrunch: |
Mexico-based Clara, which sells corporate spend management tools in Latin America, raised a $60M Series B+ led by GGV, after a $70M Series B in December 2021 — Clara, a Mexico-based spend management company, closed on $60 million in equity in a round led by GGV Capital.| Bloomberg: |
A Brazilian court orders a temporary ban on Telegram in the country after the company refused to share information about neo-Nazi groups with the federal police — A federal court ordered a temporary ban on Telegram in Brazil after the messaging service refused to share information … | New York Times: |
The US Commerce Department outlines plans to fund next-generation chips via its new National Semiconductor Technology Center; the CHIPS Act devoted $11B to R&D — The Biden administration announced its strategy for the National Semiconductor Technology Center, a string of facilities aimed at propelling U.S. innovation.Sponsor Posts
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