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Techmeme
April 28, 2023, 10:00 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.
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 …
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 …
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.
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 …
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.
Stephen Graves / Decrypt:
Bluesky is seeing an influx of users, including @dril and AOC, with some referring to posting on the Jack Dorsey-backed social network as “skeeting”  —  Instead of “tweeting,” the influx of new Bluesky users has coined a new term for sharing their thoughts on the decentralized social media app.
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.
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” …
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 …
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
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.
Sidhartha Shukla / Bloomberg:
Solana's SOL is up about 125% since December 31, outperforming bitcoin's 78% rally, as the blockchain tries to move past its association with Sam Bankman-Fried  —  The SOL token of the Solana blockchain has more than doubled this year, outperforming Bitcoin, as the project tries to move past …
More: CoinGape

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This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, April 28, 2023.

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From Mediagazer

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

More News

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
Mickey Djuric / Canadian Press:
Canada's Online Streaming Act passes a final Senate vote; the law will require streamers to support Canadian content and gives the CRTC regulatory power
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
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

Earlier Picks

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
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”
Kwaku Gyasi / Bloomberg:
NYC-based Pinecone Systems, which offers vector data storage for LLMs, raised a $100M Series B led by a16z at a $750M valuation, up from $168M in February 2022
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%
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