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April 27, 2023, 5:20 PM
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| Amazon: |
Amazon Q1: revenue up 9% YoY to $127.4B, net income of $3.2B, up from $3.8B net loss YoY, AWS revenue up 16% YoY to $21.4B, staff down 10% to 1.5M; AMZN up 10%+ — Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2023.| Annie Palmer / CNBC: |
Amazon reports Q1 ad services sales up 21% YoY to $9.5B, vs. $9.1B est., subscription services sales up 15% YoY to $9.7B, N. America sales up 11% YoY to $76.9B — - Amazon shares jumped in extended trading after the e-retailer reported first-quarter revenue that topped analysts' estimates.
More:
New York Times, The Information, MarketWatch, The Verge, The Hollywood Reporter, and Wall Street Journal. LinkedIn:
Martin Heubel
| BBC: |
Microsoft's Brad Smith says the UK CMA's move to block the Activision deal is “bad for Britain” and “is probably the darkest day in our four decades in Britain” — Microsoft's president has attacked the UK after it was blocked from buying US gaming firm Activision …
More:
Bloomberg, GamesIndustry.biz, Associated Press, Game Developer, Reuters, Vox, Bloomberg, New York Times, BBC, OnMSFT.com, Bloomberg, PC Gamer, Eurogamer.net, GameSpot, Push Square, Windows Central, Appuals.com, Gameranx, Wccftech, TechPowerUp, TrueAchievements, BigTechWire, Light Reading, Video Games Chronicle, IGN, iPhone in Canada Blog, Neowin, The Verge, Pure Xbox, Dexerto, Slashdot, Wall Street Journal, TweakTown, and Axios
| Cecilia D'Anastasio / Bloomberg: |
The UK CMA's block of Microsoft's Activision deal focuses on the nascent cloud gaming market, confusing analysts as regulators typically focus on mature markets — UK regulators blocked Microsoft Corp.'s $69 billion purchase of Activision Blizzard Inc. over concerns it would harm competition …
More:
Eurogamer.net, BBC, MediaNama, Bloomberg, Pure Xbox, Windows Central, Polygon, City A.M., Associated Press, Video Games Chronicle, and Competition and Markets Authority
Tweets:
@boosteroid_main, @senninsage, @senninsage, @cecianasta, @cmagovuk, @zoidctf, @projektxbox10, @jezcorden, @gameoverthirty, @hazzadorgamin, @deeketweak, @cecianasta, @charlesfitz, @deeketweak, @cmagovuk, @cmagovuk, @fosspatents, @jezcorden, @cmagovuk, @fosspatents, @mikeisaac, @peterovo5, @tomwarren, @wario64, and @s8mb
| Wayne Ma / The Information: |
Sources detail how organizational dysfunction and a lack of ambition bogged down Apple's AI and ML efforts, including the work of the group responsible for Siri — Late last year, a trio of engineers who had just helped Apple modernize its search technology began working on the type …
More:
9to5Mac, AppleInsider, MacRumors, Tom's Guide, Redmond Pie, The Verge, iMore, iThinkDifferent, BGR, iPhone in Canada Blog, and WRAL TechWire
Tweets:
@amir, @tomfgoodwin, @theinformation, @mvpeers, @waynema, @robleathern, @amir, @theo_wayt, @mhbergen, and @amir
| Ingrid Lunden / TechCrunch: |
Dropbox plans to lay off 16% of its staff, or ~500 employees; CEO Drew Houston blames slowing growth and because “the AI era of computing has finally arrived” — Cloud storage giant Dropbox today joined the fray of tech companies announcing layoffs.
More:
Work in Progress, Computerworld, The Verge, San Francisco Business Journal, Reuters, CNBC, Wall Street Journal, DatacenterDynamics, Tech.co, Neowin, Fast Company, Data Center Knowledge, Gizchina, Forbes, iPhone in Canada Blog, and Tech Startups
LinkedIn:
Luigi La Corte. Tweets:
@drewhouston, @scalzi, @theankurtyagi, @ponchorebound, @gergelyorosz, @gergelyorosz, @tprstly, and @johnkoetsier
| Russell Brandom / Rest of World: |
Since Elon Musk's takeover, Twitter has received 971 government orders globally and has fully complied with 808, an 83% compliance rate, vs. ~50% before Musk — The company has not refused a single request since Musk took ownership, according to self-reported data| IDC: |
Global smartphone shipments fell 14.6% YoY to 268.6M in Q1 2023, the seventh consecutive quarter of decline; Samsung fell 18.9%, Apple 2.3%, and Xiaomi 23.5% — NEEDHAM, Mass., April 27th, 2023 - Worldwide smartphone shipments declined 14.6% year over year to 268.6 million units in the first quarter of 2023 …
More:
Canalys, Counterpoint Research, 9to5Mac, Cult of Mac, iPhone in Canada Blog, iMore, Thurrott, SlashGear, Wccftech, Patently Apple, AppleInsider, iClarified, South China Morning Post, Patently Apple, IDC, The Register, Bloomberg, Counterpoint Research, and GSMArena.com
Tweets:
@patrickmcgee_ and @neiltwitz
| Ellen Huet / Bloomberg: |
Clubhouse plans to lay off 50%+ of its employees and “reset” the company, despite claiming to have “years of runway”; Clubhouse had ~100 staff in October 2022 — Clubhouse, the pandemic-era social media sensation, is cutting more than half of its employees, the company said in a blog post on Thursday.
More:
Clubhouse Blog, The Information, The Verge, Axios, and The Hollywood Reporter
Tweets:
@pdavison, @pdavison, @danprimack, @carlquintanilla, and @joshconstine
| Tom Warren / The Verge: |
Microsoft discontinues Microsoft-branded mice, keyboards, and webcams, to focus on its Surface brand for PC accessories; Microsoft's first mouse debuted in 1983 — Microsoft will no longer manufacture mice, keyboards, and webcams that are Microsoft-branded.
More:
Thurrott, Neowin, Nikkei Asia, GameSpot, and MakeUseOf
Mastodon:
@shac@ioc.exchange, @shac@ioc.exchange, and @lightweight@mastodon.nzoss.nz
Tweets:
@yevp and @tomwarren
| Sarah Perez / TechCrunch: |
Pinterest announces a multi-year strategic ad partnership with Amazon aimed at bringing more brands and relevant products to Pinterest — Pinterest today announced a multi-year strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform.| The Guardian: |
Interviews with 70+ sources describe how Facebook and Instagram have become major child trafficking platforms and how they slow down prosecutors' investigations — Our two-year investigation suggests that the tech giant Meta is struggling to prevent criminals from using its platforms to buy and sell children for sex
More:
PetaPixel. Tweets:
@hrrbfiresafety, @katiemcque, @missingchildeu, @anniekelly, @gdnlongread, @davidedgarwolf, @daithaigilbert, and @mlmcnamara
| Reuters: |
A California judge tentatively rules Elon Musk must testify about his Autopilot statements, after his lawyers argued he is the subject of many deepfake videos — A California judge on Wednesday ordered Tesla CEO Elon Musk to be interviewed under oath about whether he made certain statements regarding …
More:
The Verge, Gizmodo, Ars Technica, The Register, Mercury News, Engadget, The Guardian, TechEBlog, Mashable, SlashGear, Electrek, MobileSyrup, Insider, and TechCrunch
Tweets:
@pkafka, @lexnfx, @stonksycollins, @lopezlinette, @commuternyc, @sscalpings, @passthebeano, and @reuterslegal
| Victoria Song / The Verge: |
Dyson Zone review: excellent noise cancelation, monitors air quality, and makes users look like Bane, but it's $949, heavy, and air filtering kills the battery — The Dyson Zone is not the most practical device, but then again, did you really expect that from air-purifying noise-canceling headphones?
More:
Variety, TechHive, SlashGear, Tech Advisor, Engadget, Gizmodo, and Pocket-lint
Tweets:
@markgurman, @vicmsong, and @hkanji
| Rohan Goswami / CNBC: |
SEC filing: Lyft confirms plans to lay off 1,072 staff, or ~26% of its corporate workforce, and not hire an additional 250, a week after CEO David Risher's memo — - Ride-sharing app Lyft confirmed it would lay off 1,072 employees, roughly 26% of its corporate workforce, and not hire for an additional 250 positions.
More:
PYMNTS.com, Livemint, Engadget, TechCrunch, The Verge, and Fast Company
| Jonathan Vanian / CNBC: |
Snap reports Q1 revenue down 7% to $989M, vs. $1.01B est., global DAUs up 15% YoY to 383M, vs. 384M est., and a $329M net loss, vs. $360M YoY; SNAP drops 20%+ — - Snap came in light on revenue and ARPU in its first-quarter earnings report. — The company said its “internal forecast” …
More:
The Information, Reuters, Bloomberg, New York Times, MarketWatch, Snap Inc., Deadline, Variety, and The Hollywood Reporter
Tweets:
@levynews, @rihardjarc, @teroterotero, @saltadogato, @eric_seufert, @teroterotero, @eric_seufert, and @eric_seufert
| CNBC: |
Coinbase offers a fiery response to the SEC's Wells notice from March 2023, saying enforcement action would present “major” risks to the SEC's regulatory model — - Crypto exchange Coinbase told the SEC that any enforcement action against the exchange would “fail on the merits” …
More:
Reuters, Blockworks, Decrypt, Bloomberg, CoinDesk, CryptoSlate, Crowdfund Insider, CoinGape, Inside Bitcoins, The Daily Hodl, Coinpedia Fintech News, and The Crypto Basic. Tweets:
@coinbase
| Chris Stokel-Walker / Wired: |
Legal experts say Twitter may be breaching US laws prohibiting false advertising or endorsement by implying that some celebrities paid for Blue when they didn't — The law says you can't falsely claim that celebrities are paying for Twitter Blue. — Twitter's verification system debacle …
More:
Mercury News, The Irish Times, The Ringer, and New York Times
Tweets:
@tonyocruz, @autismfather, @nusl, @moorehn, and @voxdotcom
| Kif Leswing / CNBC: |
Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest ever quarterly loss, and Data Center and AI revenue down 39% YoY to $3.7B — - Intel reported first-quarter results on Wednesday that showed a staggering 133% annual reduction in earnings per share.
More:
Thurrott, Intel, Wccftech, Wall Street Journal, and MarketWatch
| Benjamin Mayo / 9to5Mac: |
Apple reports European MAUs for its App Stores: iOS has 101M, iPadOS has 23M, macOS has 6M, tvOS has 1M, and watchOS, Books, and Podcasts have under 1M each — In order to comply with the European Digital Services Act, Apple has been forced to reveal the number of monthly active user … | Jeffrey Knockel / The Citizen Lab: |
An analysis of Baidu, Bilibili, Bing, Douyin, Sogou, Weibo, and other search platforms in China finds 60K+ censorship rules, applied differently by each service — This report has an accompanying FAQ. — Key findings — Across eight China-accessible search platforms analyzed …
More:
New York Times, International Business Times, and The Citizen Lab
Tweets:
@niubi, @ewpaisley, @mrbcyber, @dnvolz, @byron_wan, @williamyang120, @senatorshoshana, @rondeibert, @sarahemclaugh, and @citizenlab
| Aisha Malik / TechCrunch: |
YouTube Music adds podcasts on Android, iOS, and the web, supporting listening offline, in the background, and casting for all US users, with or without Premium — YouTube Music is officially adding podcasts to its platform in the United States on Android, iOS and the web.
More:
The Verge, Engadget, Thurrott, MacRumors, AppleInsider, 9to5Google, MobileSyrup, PhoneArena, Chrome Unboxed, Android Central, and Droid Life
| Bloomberg: |
A profile of ASML, Europe's most valuable tech company, as the US-China chip war escalates; ASML's next studio apartment-sized machine ships in 2025 for $380M+ — In 1984, Martin van den Brink, a young Dutch engineer, joined a newly created venture in a quiet corner of the Netherlands.
Tweets:
@workmj, @cagankoc, @deutschjill, @tw_seal, and @thestalwart
| Reuters: |
Samsung reports Q1 operating profit down 95% YoY to ~$478.6M, its lowest since Q1 2009, revenue down 18% YoY to ~$47.6B, and a ~$3.4B loss for its chip division — Samsung Electronics Co Ltd (005930.KS) flagged a gradual recovery for chips in the second half of the year …
More:
Samsung Newsroom, CNBC, Android Authority, Ars Technica, 9to5Google, Bloomberg, MobileSyrup, Tom's Hardware, SamMobile, TechSpot, Sammy Fans, Wccftech, The Verge, Engadget, South China Morning Post, The Korea Herald, ajunews, Yonhap News Agency, Livemint, ZDNet, Wall Street Journal, and Nikkei Asia
| Darrell Etherington / TechCrunch: |
Meta says time spent on Instagram has grown 24%+ since Reels launched thanks to AI content recommendations and expects Reels to be revenue-neutral by early 2024 — Meta shared some updated engagement info around its platforms on its Q1 2023 quarterly earnings call on Wednesday …
More:
Insider, PetaPixel, Seeking Alpha, Marketing Dive, Mashable, gHacks Technology News, MSPoweruser, CoinGape, Jon Loomer Digital, Forbes, and Bloomberg
Tweets:
@mikeisaac, @supbagholder, @_seandavid, @swiftstories, @mikeisaac, and @swiftstories
| Amanda Silberling / TechCrunch: |
More:
The Verge, CoinDesk, The Block, Fortune, Inside Bitcoins, MobileSyrup, Decrypt, TechSpot, Insider, New York Post, Road to VR, DL News, Dexerto, BigTechWire, Forkast, Bloomberg, PYMNTS.com, SiliconANGLE, Cointelegraph, CryptoSlate, and UploadVR
Tweets:
@mylesudland, @jeffjohnroberts, @ldrogen, @slhamlet, @boztank, @andrebeganski, @mikeisaac, @richlightshed, @mikeisaac, @lexnfx, and @ballmatthew
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