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April 28, 2023, 7:50 AM
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| 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.
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LinkedIn:
Martin Heubel. Tweets:
@thetranscript_, @rihardjarc, @bolthype, @negativegw, @rihardjarc, @refsrc, @danielnewmanuv, and @munster_gene
| Annie Palmer / CNBC: |
Amazon reports Q1 ad revenue up 21% YoY to $9.5B, vs. $9.1B est., subscription revenue up 15% YoY to $9.7B, and North America segment sales up 11% YoY to $76.9B — - Amazon reported first-quarter sales on Thursday that beat analysts' estimates. — The stock fell in extended trading …
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Coinspeaker, RTÉ, Financial Times, BigTechWire, Agence France-Presse, SiliconANGLE, CRN, and The Information. Tweets:
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| Bloomberg: |
The New York City MTA ends its Twitter service alerts, saying the platform is “no longer reliable” and that 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 …
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| 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.
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| Olga Kharif / Bloomberg: |
A US federal judge orders South Africa-based bitcoin pool operator Mirror Trading's CEO to pay $3.4B after CFTC charged the company with a $1.7B fraud in 2022 — A US judge has ordered a South African executive to pay more than $3.4 billion in restitution and fines for a fraud scheme involving Bitcoin …
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| 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.
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@stshank, @leonkiriliuk, @yevp, and @tomwarren
| Sarah Perez / TechCrunch: |
Pinterest announces a multi-year strategic ad partnership with Amazon, its first ads partner, to bring more brands and relevant products to the social network — Pinterest today announced a multiyear strategic ad partnership with Amazon aimed at bringing more brands and relevant products to its platform.
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Social Media Today, The Information, BBC, Search Engine Land, and MarketWatch. LinkedIn:
Briana Finelli
| 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” … | Aoyon Ashraf / CoinDesk: |
Robinhood introduces Connect, which allows users to fund their Web3 wallets without having to leave a decentralized app or be in their Robinhood Crypto accounts — The feature, Robinhood Connect, is already available on several decentralized apps, with more to onboard in the coming months.
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Under the Hood, Finbold, Decrypt, Coinmonks, Coinspeaker, Fortune, CryptoSlate, Cointelegraph, crypto.news, and Watcher Guru. Tweets:
@wublockchain
| 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.
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Cord Cutters News, TechRadar, and Gizchina
| 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” … | Blake Brittain / Reuters: |
Filing: Triller agrees to pay Sony Music $4.5M+ to settle claims that Triller breached a contract covering its use of musicians' songs on the platform — TikTok rival Triller Inc has agreed to pay Sony Music Entertainment (6758.T) more than $4.5 million to resolve claims that Triller breached …
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Music Ally, Billboard, Digital Music News, and Music Business Worldwide
Tweets:
@reuterslegal and @reuterslegal
| 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 …
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9to5Mac, Bloomberg, Philip Elmer‑DeWitt, AppleInsider, MacRumors, Tom's Guide, Redmond Pie, iThinkDifferent, BGR, iPhone in Canada Blog, iMore, and WRAL TechWire
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| 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%
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Cloudflare, Inc., SiliconANGLE, Investing.com, MarketWatch, and Investor's Business Daily
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@baburkhwaja and @thetranscript_
| Viola Zhou / Rest of World: |
A profile of Liu Xiaoping, a dog food seller on Pinduoduo who coaches Chinese merchants on using legal action to fight Pinduoduo's refund-without-return policy — A dog food seller known as “Lawsuit Bro” is leading the fight. — A dog food seller on Pinduoduo has emerged as an unlikely hero …
Tweets:
@linzhang9, @yilingliu95, @jane_seidel, @anupkaphle, @restofworld, @restofworld, @violazhouyi, and @restofworld
| Steve Dent / Engadget: |
Sony reports 6.3M PS5 sales in Q4 2022, up from 2M in Q4 2021, taking FY 2022 to 19.1M and 38.4M since launch, and $29B revenue for FY 2022, up from $19.9B YoY — Now that it's solved its supply shortages, Sony is seeing a lot of pent-up demand for PlayStation 5 consoles.| Jonathan Vanian / CNBC: |
Meta shares are up 170% since bottoming out in November 2022, despite virtually no revenue growth, as investors focus on the company's dramatic cost cutting — - Revenue at Facebook's parent shrank for three straight quarters before increasing slightly in the latest period, but the stock is soaring.Sponsor Posts
Meta:
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Open Source AI: Available to all, not just the few — Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Build AI products that matter — Tribe AI helps organizations rapidly deploy AI solutions that have real business impact. We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
5 common accounting mistakes — This is a guest post by Yaali Bizappln Solutions. A lot of businesses manage their customers and finances on separate platforms. This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Make AI Voice Agents trustworthy — Hamming AI automatically tests AI voice agents and continuously monitors them in production.Who's Hiring In Tech?
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