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April 28, 2023, 2:45 AM
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Top News

Amazon:
Amazon reports Q1 revenue up 9% YoY to $127.4B, a $3.2B net income, vs. a $3.8B net loss YoY, AWS revenue up 16% YoY to $21.4B, and staff down 10% YoY to 1.47M  —  Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its first quarter ended March 31, 2023.
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.
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.
Bloomberg:
The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable”; MTA: Twitter demanded $50K per month for API access  —  New York City's mass-transit system is ending its real-time service alerts on Twitter for subway, train and bus riders …
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 …
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 15%+  —  - Snap came in light on revenue and ARPU in its first-quarter earnings report.  — The company said its “internal forecast” …
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 …
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
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.
Ben Schoon / 9to5Google:
Google TV rolls out its free built-in channels to all US users and adds offerings from Plex, Haystack News, and Tubi, for a total of 800+ free channels  —  After being announced earlier this month, Google TV is now widely rolling out its free, built-in streaming channels to all users alongside free channels from other providers.
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” …
Rohan Goswami / CNBC:
Cloudflare reports Q1 revenue up 37% YoY to $290.2M vs. $290.8M est., a $38.1M net loss, and revenue guidance for Q2 and FY 2023 below estimates; NET drops 20%+  —  - Cloudflare issued muted guidance for the upcoming quarter and full-year that sent shares down as much as 25%
Victoria Song / The Verge:
Dyson Zone review: has excellent ANC, can monitor 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?
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
Mickey Djuric / Canadian Press:
Canada's Online Streaming Act passes final hurdle in Parliament; it requires streamers to support Canadian content and gives the CRTC regulatory power over them  —  OTTAWA - A federal bill that will force digital platforms like Netflix and YouTube to contribute financially to Canadian content is on the cusp of becoming law.
Kif Leswing / CNBC:
Intel reports Q1 revenue down 36% YoY to $11.7B, vs. $11.04B est., its largest quarterly loss yet, 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.

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This is a Techmeme archive page. It shows how the site appeared at 2:45 AM ET, April 28, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Daniel Thomas / Financial Times:
Trade body data: copyrighted music revenue was $45.5B in 2023, above cinema box office spending of $33.2B in 2023 and $41.9B in 2019; record labels made $28.5B

Lucas Shaw / Bloomberg:
The music industry is entering a cycle of consolidation, driven by a slowdown at the major labels, the growing market for independents, and the rapacity of PE

Max Tani / Semafor:
Sources: CNN is considering making network anchor Kaitlan Collins its chief White House correspondent and relocating her show from New York to DC

More News

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
Andrea Vittorio / Bloomberg Law:
Washington becomes the first US state to adopt sweeping safeguards for consumer health data, including location records that could reveal abortion clinic visits

Earlier Picks

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%
The Guardian:
Interviews with 70+ sources describe how Facebook and Instagram have become major child trafficking platforms and how they slow down prosecutors' investigations
Bloomberg:
Sources: Germany is in talks to limit exports of chemicals used to make advanced chips to China, seeking to work with the US and Europe to close ranks on China
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
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
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